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News This Week
 
ECONOMIC OUTLOOK

Tense labour climate exacts big economic toll Restricted

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The World Bank has made a further material downward revision to South Africa’s growth outlook for 2014, citing tense labour-market conditions as a key reason, along with weak electricity supply and tighter monetary policy. The bank’s latest...
20th June 2014
 
 
MINING SERVICES

Constrained SA mining sector forcing contractors to seek opportunities in other parts of Africa Restricted

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South Africa’s phenomenal mineral revolution, which has its roots in the last quarter of the nineteenth century, facilitated not only the establishment and growth of the largest and most diversified mining sector in Africa, but also the...
13th June 2014
 
 
LEGISLATIVE ENVIRONMENT

Investors misunderstand Zim’s indigenisation policy, says official Restricted

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Despite Zimbabwe being one of the fastest growing economies in Africa, the Embassy of Zimbabwe in South Africa notes that misunderstanding of Zimbabwe’s indigenisation policy has seen foreign investors shy away from investing in the country’s...
13th June 2014
 
 
FERROUS METALS – 1

Junior iron-ore miners finding it difficult to get project finance owing to price uncertainty Restricted

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TIGHT CAPITAL MARKET
The average amount of capital raised by junior miners in 2013 was $1.6-million, which indicates the struggle for survival that most juniors are facing
The current iron-ore price uncertainty is a significant challenge for junior miners trying to obtain finance for their projects in Africa, International Finance Corporation (IFC) mining investment division senior investment officer Sacha Backes...
13th June 2014
 
 
SPORTS

Kumba shines at tournament Restricted

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PARTICIPANTS
The Kumba participants took top honours in the netball final against Sibanye Gold, in the rugby final against Sasol and in the soccer against Amplats
Anglo American division, Kumba Iron Ore (Kumba) performed exceptionally well this year at the Inter Mines Group Associated Sports (IMGAS) Tournament, hosted by the iron-ore miner at Konka, in Rustenburg, last month.
13th June 2014
 
 
FERROUS METALS – 2

Long-term iron-ore outlook not bleak despite slowing Chinese demand Restricted

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PROS AND CONS 
While West Africa is competitive in terms of its low mining and processing costs and low strip ratio, the area’s competitiveness is lost at a logistics level  Despite slowing demand from China, the long-term demand outlook for iron-ore was not bleak, global commodity industry pricing and market analysis firm CRU consultant Serafino Capoferri told delegates at the fourth Africa Iron Ore conference, in...
13th June 2014
 
 
SOUTH AFRICAN MINING

Mining a key contributor to SA’s economy – Baxter Restricted

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Mining is at the core of South Africa’s economy and is one of the top five priority sectors that government is focusing on, Chamber of Mines COO Roger Baxter emphasised during the fourth Africa Iron Ore Conference, in Johannesburg, on Wednesday....
13th June 2014
 
 
Logistics

Moz to start exporting coal through Nacala by December Restricted

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The Mozambican Ministry of Transport and Communications has reaffirmed that the country will start exporting coal from the Tete basin through the port of Nacala by December. This was made clear at the 32nd meeting of the Ministry’s Coordinating...
13th June 2014
 
 
 
 
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