9 Apr 2013

Mining



Horn o' puke

In a bid to counter rhino poaching for their horns, the horns are being given non-lethal toxic infusions so that consumers overseas will risk becoming seriously ill. There are many people in this country who probably wish that the infusions were lethal, so that the trade dries up altogether.

Meanwhile, our president is a bit miffed over what he terms newspapers' 'selective' reporting. Well, what about giving us a complete and believable account of how 13 of our troops ended up dead in the CAR?

Have you flown SAA recently? No, nor have I - but quite a bit of my tax monies are going to the airline anyway. One who is not taking it lying down is Comair's Erik Venter, who's flying high as his court battle looms. Quite rightly, in the eyes of a great many people, he's sick of seeing our inefficiently run national carrier being bailed out by the billions. Private and state airlines in SA should compete on a level playing field - and that's not what is happening now.

Feeling like you're being taxed into poverty? Join the club - because you have contributed your bit to SARS collecting R814bn in taxes for the 2012/13 fiscal year. That's R4bn more than what Finance Minister Pravin Gordhan had projected when he delivered the National Budget in February.

Any chance firm measures - more than merely meaningless words - can be taken to ensure ALL of our hard-earned cash is used properly? You know... not stolen, not misspent, not wasted on new ministers' cars and luxury travel and luxury accommodation... and parties?

Finally, Zando.co.za, together with its partners Bizcommunity.com, Build-A-Bear Workshop, CourierIT, Dialogue and Infidels have set up a campaign to get those less fortunate school kids shoes in time for winter. Join in - do the right thing.

Rod Baker: Content Director

Submit your company news to miningnews@bizcommunity.com. Exclusive contributions may be sent to contributors-mining@bizcommunity.com.

Top stories

Cutifani faces tough challenges
It has been said that even a turkey can fly in a gale. Anglo American is no gale at the moment, but thankfully its new chief executive Mark Cutifani is no turkey. Even so, a credit rating downgrade the day after taking the top job has got to be tough to swallow, even for such a well-seasoned miner. Read more >>


Editorial news

Mining
Africa could emerge as fourth LNG supply base
Gas discoveries in and around Africa indicate that the continent could emerge as the fourth major supply base for liquefied natural gas (LNG), after the Middle East, Australia and the US, according to Drewry Maritime Research. Read more >>

EVRAZ to sell its SA steel mill
EVRAZ has announced the signing of a non-binding term sheet in respect of the proposed sale of its 85% stake in EVRAZ Highveld Steel and Vanadium Limited to Nemascore, black economic empowerment consortium, for an indicative cash consideration of approximately US$320 million. Read more >>


Mines
Cutifani faces tough challenges
It has been said that even a turkey can fly in a gale. Anglo American is no gale at the moment, but thankfully its new chief executive Mark Cutifani is no turkey. Even so, a credit rating downgrade the day after taking the top job has got to be tough to swallow, even for such a well-seasoned miner. Read more >>

Kumba, ArcelorMittal choose arbitration
[Mark Allix] Kumba Iron Ore and steel producer, ArcelorMittal SA say arbitration over iron-ore deliveries will start as soon as possible, with both parties finalising documents. Read more >>

Billiton says Eskom must honour contracts
[Carol Paton] Mining giant BHP Billiton is insisting that Eskom honours its contract to supply the company with discounted electricity in terms of a confidential pricing arrangement. Read more >>

SA gold mine to use methane for electricity generation
The fragility of South Africa's electricity network was underlined when a fire at the Midas substation near Carletonville, west of Johannesburg, caused gold mines to shut down for several days in March 2013. Read more >>

Sibanye Gold considers future of Beatrix West
JOHANNESBURG: New South African gold mining company Sibanye Gold has entered into a consultation process, in terms of section 189A of the Labour Relations Act, 66 of 1995, with organised labour, the Department of Mineral Resources and other relevant stakeholders in order to consider the options available for the future of its Beatrix West operation. Read more >>

Strikes cost R12bn in taxes
A wave of wildcat mining strikes that gripped South Africa last year caused a R12bn shortfall in much-needed state revenue, Finance Minister Pravin Gordhan said Wednesday (3 April). Read more >>

Industrial Theatre at Somkhele Mine
[Bonga Sibisi, Issued by Blue Moon] We drove through the gates of a super-packed Somkhele Mine in Mtubatuba, Richards Bay, in the early hours of Tuesday 19 February. It was not the ordinary kind of day. Read more >>  visit press office >>


Government
Industrial growth on the cards for SA
[Penwell Dlamini] The latest iteration of the Industrial Policy Action Plan (IPAP), aimed at stimulating economic growth, was unveiled in Pretoria on Thursday (4 April). Read more >>

SARS keeps raking in the money
The South African Revenue Service (SARS) has collected R814.1bn in the 2012/13 financial year‚ R4bn above the R810.2bn target set by Finance Minister Pravin Gordhan in February's budget‚ the Revenue Service said on Tuesday (2 April). Read more >>

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2013 Biz Trends Report

93 pages
49 contributors
41 contributions

New people on biz
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chemical engineering
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