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Mining Indaba 2013 news round-up

Publishing Date
14 Feb 2013 3:16pm GMT
Author
Mining Journal

Now that Mining Indaba 2013 is over, we present a roundup of our recent news coverage from Mining Journal and a selection of articles published in the 8th February Issue.

 

Major consumers or minerals no longer the major producers – DaiEcon’s Humphreys

The share of mineral supplies originating from within main consuming nations has dropped during the last 50 years and looks set to continue  Read it now

Commodity prices to rise as global markets become less jittery

The acute phase of the global financial crisis is over, said Ric Deverell, head of commodities research at Credit Suisse, speaking at Mining Indaba in Cape Town.  Read it now

Anglo American’s Carroll adds to speculation about career plans

Outgoing Anglo American plc’s chief executive Cynthia Carroll told Mining Indaba that she was not going anywhere, sparking renewed speculation about where she will reappear within the mining sector.  Read it now

South Africa’s mining minister expects to see positive results from Amplats talks

South Africa’s mining minister Susan Shabangu said the government is in talks with Anglo American Platinum Ltd regarding the producer’s restructuring plans that could result in the loss of about 14,000 jobs  Read it now

Anglo’s Carroll says US$11bn investment depends on Amplats restructuring

Cynthia Carroll, the outgoing chief executive of Anglo American plc, said the company’s previously announced plans to invest R100 billion (US$11 billion) in its platinum business over the next decade is dependent on Anglo American Platinum Ltd being able to carry out its restructuring.  Read it now

Ivanplats may seek South Africa listing

Canada-listed Ivanplats Ltd is considering a secondary listing in Johannesburg, having original indicated London as the preferred option, Robert Friedland told delegates at Mining Indaba in Cape Town.  Read it now

Ramphele silent on political ambitions

Dr Mamphela Ramphele, chairwoman of Gold Fields Ltd, refused to confirm or deny rumours she planned a move into politics when questioned at Mining Indaba in Cape Town.  Read it now

Industry needs to deal with communities better – Cutifani

In a speech to delegates at the Indaba Mining conference in Cape Town on Thursday, outgoing AngloGold Ashanti Ltd chief executive, Mark Cutifani said the mining industry has not properly dealt with the issue of mining communities in the past and that it needs to take responsibility.  Read it now





From the latest Issue:



Ramphele questions need to change SA mining laws

Dr Mamphela Ramphele, chairwoman of Gold Fields Ltd, criticised proposed amendments to South Africa’s mining laws, arguing there were more important issues for the country’s government to address.  Read the article in full (subscribers only)

Bissa to move to commercial production in weeks

Russian and African gold producer Nord Gold NV expected to start commercial production from its Bissa mine on March 1, chairman Philip Baum told Mining Journal in an interview during the Mining Indaba in Cape Town.  Read the article in full (subscribers only)

Global economy ‘very positive’ for gold

The global macroeconomic backdrop, including continued low interest rates, are very positive for gold, according to Philip Klapwijk, global head of metals analytics at Thomson Reuters GFMS.  Read the article in full (subscribers only)

Randgold chief claims Africa’s resource nationalism is ‘disturbing’

Mark Bristow, chief executive of Randgold Resources Ltd, described the growing tendency of countries in sub-Saharan Africa to seek greater returns from mining operations “without giving anything back” as “disturbing”.  Read the article in full (subscribers only)

Canadian explorer in Egypt confident despite instability

Canada’s Alexander Nubia International Inc, which is exploring assets in Egypt formerly held by Centamin plc, is confident of its prospects there, despite political unrest
Link for subscribers note.  Read the article in full (subscribers only)



Other resources:

Watch ABNDigital's Invest Africa summary of Mining Indaba 2013 part 1 and part 2.
Interviews with Mining Ministers of Guinea and Tanzania to name but a few.

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