Page 6 - Mining Indaba News Today

Gwede Mantashe signed a memorandum of agreement with the Industrial Development Corporation (IDC) and the Council for Geoscience at the Mining Indaba on Tuesday.

Minerals and Energy Minister Gwede Mantashe noted that black participation in ownership patterns in the mining industry has jumped to 39% since 2004.

Deputy President Paul Mashatile believes that although the Mining Charter has

Over 50 fatalities were reported in 2023, up from 45 in 2022, sparking renewed concerns about the safety standards of the country’s mines.

Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo.Ivanhoe Mines' founder and co-chair Robert Friedland thanked the Trafigura-led Lobito Corridor consortium and the governments of Angola and the DRC. Lobito, he said, is "fast becoming one of the most important trade routes for vital copper metal in the world" and would unlock access to minerals in...

Thousands of delegates are attending the four-day gathering which is expected to chart a road map for the mining industry for the year ahead.

The mining industry has 441MW of operational renewable energy plants, representing about 4% of industry electricity consumption. Three more projects totalling 370MW will be commissioned before mid-2024, representing another 3% of energy consumption.

‘We feel we have turned the corner in terms of a very, very substantial focus on recovery, and were quietly positive – but its a tough business’: Andrew Shaw, chief strategy and planning officer, Transnet.

Operational and financial challenges at Transnet have impacted the state-owned company’s ability to efficiently run the country’s rails and ports, throttling businesses.

Mantashe said government is working hard to clear the country's vast backlog of applications in order to reignite exploration activity.