23 Jul 2013

Mining

We're living in taxing times

I suppose it's good that Finance Minister Pravin Gordhan has initiated a far-reaching and fundamental review of SA's tax system. It is going to look at a number of issues around taxation. A major issue is simply that there is a relatively small tax base and many might reckon that tax base is being overtaxed.

Allied to any revisions in the tax regime, must come a genuine, no-hold-barred, no-sacred-cows approach to combating corruption, mismanagement and wasteful spending.

The average taxpayer understands the need for taxes, but when we see our hard-earned cash being flushed down the toilet or stolen, instead of being used properly, forgive us for becoming a little miffed.

Time is money, so it would be as well for those charged with issuing of radio licences to up their game where necessary and help local businesses. It seems license delays in SA are prompting communications companies to look elsewhere. That's a gain for "elsewhere" and a loss for South Africa.

Mandela Day has come... but there's no reason why it should have gone. Instead of making it a day a year, we could all try to make Mandela Day last 365 days. And there are people doing that... take a look at our CSI portal and see where you too can do your bit.

Finally, Bizcommunity and Recruitgroup have launched the BizCareers Column. On offer is sound recruitment advice for both job- and candidate-seekers.

Read and learn - and submit any questions you might have to careerquestions@bizcommunity.com.

Rod Baker, Content Director

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

Weekly top stories

Sixth annual WaCA Mining event to provide SRK with valuable exposure
In September 2013, three SRK representatives will be attending the sixth WaCA Mining conference and exhibition. SRK Ghana, which will be exhibiting, provides technical services and natural resource and development solutions throughout West Africa. Read more >>
SA mining companies pay US$81m to Zimbabwe
[Tawanda Karambo]
Bizcommunity, Recruitgroup launch BizCareers Column
[Issued by Bizcommunity.com]

Mining
New Cap Lamp for the mining industry
Manufacturer and distributor of lead acid batteries in South Africa, First National Battery, a subsidiary of JSE listed Metair Investments Ltd, has created a lighting solution for the mining industry, with the launch of the TC1 and TC2 Lithium-Ion Cap Lamps. Read more >>

Bizcommunity, Recruitgroup launch BizCareers Column
[Issued by Bizcommunity.com] In collaboration with Juliette Attwell of the Recruitgroup, Bizcommunity.com is launching a regular BizCareers Column that will offer sound recruitment advice for both job- and candidate-seekers. Read more >>  visit press office >>


Mines
Marginal production drop for Kumba
Kumba Iron Ore reported on Thursday (18 July) that total production of 11.3 Mt for the second quarter ended June decreased by 1% compared with the same quarter last year. Read more >>

SA mining companies pay US$81m to Zimbabwe
[Tawanda Karambo] Mining companies in Zimbabwe, including SA platinum miners‚ Zimplats‚ Anglo American Platinum and Aquarius Platinum paid US$81.1m into the country's coffers in mineral royalty payments during the first half of the year. Read more >>

Anglo reports mixed results for June
[Allan Seccombe] Anglo American reported a mixed set of production results for the June quarter‚ with declines in iron ore‚ metallurgical and thermal coal as well as nickel. Read more >>

Amplats production volumes climb
Anglo American Platinum (Amplats) on Thursday (18 July) reported a 2% year-on-year increase in group equivalent refined platinum production of 594 koz for the second quarter ended June‚ with equivalent refined platinum production from own mines of 397 koz‚ also up 2%. Read more >>

Strong year for BHP Billiton
[Ray Faure] Global resources company BHP Billiton on Wednesday (17 July) reported a strong period of production for the 12 months ended June with two of its major assets‚ Western Australia Iron ore and Escondida exceeding production forecasts and annual records achieved across seven operations and five commodities. Read more >>

Correct approach to Waterberg mining development critical - Shepherd
According to Peter Shepherd, principal hydrologist in the Johannesburg office of SRK Consulting, Limpopo's vulnerable natural environment, scarce water supply and tourism industry need to be protected against negative effects of coal mining development. Read more >>

Extensive tax review underway
[Linda Ensor] Finance Minister Pravin Gordhan has initiated a far-reaching and fundamental review of SA's tax system which will be undertaken by a team of tax experts led by Judge Dennis Davis. Read more >>

Spring Valley Housing Project to provide affordable housing to workers
The lack of affordable housing in South Africa has led to the emergence of informal shack settlements. Workforce housing provided by the private sector could help ameliorate the lack of affordable housing. The R1.35-billion Spring Valley Housing Project is currently under development in Mpumalanga's coal-mining belt, and aims to set a benchmark in the provision of employer-assisted affordable housing. Read more >>


Mining Services
Wits School of Mining Engineering and Aveng Mining collaborate
Last month saw the unveiling by Aveng Mining managing director, Martin Hobbs of the donation by the company of an exclusive photographic collection and a vertical shaft which was constructed by Aveng Mining. The shaft mock-up occupies the centre of the stairwell through the Chamber of Mines building that houses the Wits School of Mining Engineering. Read more >>


Jobs offered

Junior Electronics Design Engineer - Durban
Join a groundbreaking electronic engineering team to design world leading training equipment simulators for the global mining and military industries. Read more >>



New events to diarise

Awards 4 Best Practices in Africa
Invest 4 Africa - 18 Nov 2013 to 20 Nov 2013 Johannesburg


Upcoming events

Compliance and Reporting of SLP & LED Masterclass
Intelligence Transfer Centre - 23 Jul 2013 to 24 Jul 2013 Midrand
Mine of the future
Karabina Solutions - 24 Jul 2013 Bryanston


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