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Oct 14, 2014

South Africa considers declaring certain minerals as ‘strategic’

JOHANNESBURG (Reuters) – South Africa’s mines minister Ngoako Ramatlhodi said he was considering declaring certain minerals such as coal and iron ore as “strategic” for the country.

“We haven’t classified any, but it is provided for under the mineral bill, which is before the president. If that bill is signed into law, then it will give the minister the ability to declare certain minerals strategic for purposes of industrialisation in South Africa,” he said.

Oct 14, 2014

S.Africa considers declaring certain minerals as “strategic”

JOHANNESBURG, Oct 14 (Reuters) – South Africa’s mines
minister Ngoako Ramatlhodi said he was considering declaring
certain minerals such as coal and iron ore as “strategic” for
the country.

“We haven’t classified any, but it is provided for under the
mineral bill, which is before the president. If that bill is
signed into law, then it will give the minister the ability to
declare certain minerals strategic for purposes of
industrialisation in South Africa,” he said.

Oct 14, 2014

Insight: Labor strife, safety concerns push S. Africa platinum mechanization

RUSTENBURG South Africa (Reuters) – For decades, production in South Africa’s platinum mines has rested on the muscular shoulders of men risking life and limb to drill into the rock face with jackhammers.

Three years of labor upheaval and a political push to make the shafts safer and transform the low-wage workforce have set in motion a drive to replace such rock drillers with machines.

Oct 14, 2014

Insight – Labour strife, safety concerns push South Africa platinum mechanisation

RUSTENBURG South Africa (Reuters) – For decades, production in South Africa’s platinum mines has rested on the muscular shoulders of men risking life and limb to drill into the rock face with jackhammers.

Three years of labour upheaval and a political push to make the shafts safer and transform the low-wage workforce have set in motion a drive to replace such rock drillers with machines.

Oct 14, 2014

Labour strife, safety concerns push S.Africa platinum mechanisation

RUSTENBURG, South Africa, Oct 14 (Reuters) – For decades,
production in South Africa’s platinum mines has rested on the
muscular shoulders of men risking life and limb to drill into
the rock face with jackhammers.

Three years of labour upheaval and a political push to make
the shafts safer and transform the low-wage workforce have set
in motion a drive to replace such rock drillers with machines.

Oct 6, 2014

South Africa’s Kruger Park invites bids for rhinos

JOHANNESBURG (Reuters) – South Africa’s Kruger National Park is inviting bids for rhinos under a plan to move 500 of the animals to safety to counter a wave of poaching for their horns, highly prized in some Asian countries as a sign of wealth.

In newspaper ads on Sunday, South African National Parks invited potential buyers to “make a written offer to purchase white rhinos in batches of 20 or more”.

Oct 3, 2014

Zambia considers simpler tax for miners as VAT row simmers – source

LUSAKA/JOHANNESBURG Oct 3 (Reuters) – Zambia could simplify
its fiscal regime for mining companies by scrapping corporate
tax for the sector next year, a government source said on
Friday, a move that comes against the background of a simmering
dispute over value-added tax (VAT).

Instead of corporate tax, regarded as hard to administer,
companies would face a higher mineral royalty rate in Africa’s
second-largest copper producer, the source said, without
detailing the size of the rise. The rate is currently 6 percent.

Sep 26, 2014

Africa adds climate change bonds to global warming arsenal

JOHANNESBURG, Sept 26 (Reuters) – Global warming in Africa
may soon move bond markets.

In 2016, the first climate change bonds will be issued from
Africa – unique instruments that will enable the world’s poorest
continent to tap both capital markets and donor funds to bolster
its defenses against extreme weather events such as prolonged
drought or extreme heat.

Sep 16, 2014

Housing project helps South Africa’s platinum miners escape shanty towns

RUSTENBURG, South Africa, Sept 16 (Reuters) – South African
platinum miner Vincent Nyeleka has just moved up in the world,
leaving behind a cramped hovel that he rented for a new,
three-bedroom house he can call his own.

“This is better. Now my wife and children can come live with
me,” said Nyeleka, a 32-year-old winch operator, as he walked
through his new neighborhood, its streets lined with brick
houses and green lawns.

Sep 15, 2014

AngloGold makes U-turn on restructuring after shareholder revolt

JOHANNESBURG/LONDON, Sept 15 (Reuters) – South Africa-based
AngloGold Ashanti has pulled the plug on a planned
restructuring only five days after announcing it, following a
shareholder revolt against the plan for a new London-listed
company and a $2.1 billion rights issue.

The gold producer last week unveiled its intention to split
its South African mines from international assets, mirroring
moves by other producers to reduce exposure to a country hit by
rising labour costs and policy instability.

    • About Ed

      "I cover commodities in southerrn Africa, a region that I have returned to after spending over four years covering religion, politics and the Great Recession in America. I am a Canadian citizen and grew up in Nova Scotia."
      Joined Reuters:
      1995
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