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Articles in category: Resources
The majority of companies in South Africa’s vast mining sector have not met their transformation responsibilities in the ten years to 2014, Mineral Resources Minister Ngoako Ramatlhodi said on Tuesday.(Read Full Article)
This standard-setting work from Anglo American is now informing an industry-wide programme through a partnership with the Chamber of Mines. “Anglo were the first to start doing this, but what we found as we engaged with other mining companies like Anglo Gold Ashanti is that they were also starting something similar,” says Ramlochan.(Read Full Article)
Most companies Enterprise resource planning (ERP) systems do not have the capability to track procurement savings. Those companies, who do attempt to track savings, mostly use Excel spreadsheets to report savings. Besides being a manual and time-consuming process, there is often no standard method for this calculation.(Read Full Article)
Mining majors Anglo American, Rio Tinto, Newmont Mining and Barrick Gold have the most detailed local procurement reporting among 40 companies examined in a new study by Engineers Without Borders Canada (EWB).(Read Full Article)
Johannesburg - Sibanye Gold, the biggest producer of the metal in South Africa, intends to become energy-independent “over the next few years” as Eskom struggles to supply the economy with enough power.(Read Full Article)
In today's globalised world, the adoption of technology is increasingly essential for companies to be highly competitive and to prosper.
The technological readiness pillar of the South Africa's National Development Plan (NDP) measures the agility with which the economy adopts existing technologies to enhance the productivity of its industries. No industry or sector is immune from the growing need to use innovation as a competitive advantage.
The mining sector is one of South Africa's oldest industries(Read Full Article)
In a timely new white paper, Crude Oil: Impact, Opportunities and Strategies for Procurement, GEP’s commodity and category experts discuss the impact of lower crude oil prices on procurement and supply chain, and the savings opportunities they offer for enterprises sourcing and procurement teams. http://goo.gl/tZ49N7(Read Full Article)
The biggest story in the energy sector has to be the 30% decline in oil prices since June to a level not seen since the global recession cut a whopping 6% from global consumption back in 2009.
Derik Andreoli, Ph.D.c., senior analyst at Mercator International LLC, shares his observations on the energy sector in this exclusive interview with Supply Chain Management Review.
The biggest story in the energy sector has to be the 30% decline in oil prices since June to a level not seen since the global recession cut a whopping 6% from global consumption back in ...(Read Full Article)
The International Monetary Fund (IMF) has lowered its 2015 growth forecasts for commodity exporters, including South Africa, saying the projected growth rebound for commodity-exporting developing countries will be weaker than had been forecast in the fund’s October World Economic Outlook (WEO).(Read Full Article)
ALARMING allegations of fraud, empowerment fronting and nepotism in Anglo American's 77%-owned platinum arm, Amplats, have emerged, sparking a full-blown forensic probe.
Questions raised by Business Times after examining documents between a top Amplats official and a pump company called TurboTech Pumps have shocked the mining giant into action.
Amplats suspended contracts manager Johannes Engelbrecht on Friday pending the outcome of its investigation.(Read Full Article)
JOHANNESBURG (miningweekly.com) – Platinum giant Royal Bafokeng Platinum (RBPlat) has terminated its contract with Shaft Sinkers for its Styldfrift I project, about 5 km from Bafokeng Rasimone Platinum Mine's North Shaft, in the North West. In a statement to shareholders on Wednesday, RBPlat noted that it served formal notice to terminate the contract for all work related to the sinking and lining equipping and the commissioning of the main and services shaft, as well as all related station and off-station development at Styldrift 1.(Read Full Article)
A further decline in the already depressed price of metals – particularly iron-ore, gold and copper – would severely affect a large number of countries in sub-Saharan Africa, the World Bank’s latest Global Economic Prospects (GEP) report warns.
The authors still expect the global economy to grow by 3% in 2015, up from 2.6% last year, and for the region to expand by 4.6%, with South Africa expected to growth far more slowly at 2.2%.(Read Full Article)
For fiscal policy, the commodity conundrum is a challenge in the short and the long term, writes Hilary Joffe(Read Full Article)
The government’s substantial infrastructure programme outlined in the National Development Plan is expected to drive demand for steel over the next decade, says Department of Trade and Industry Deputy Minister Mzwandile Masina. He told over 250 delegates to the Organisation for Economic Cooperation and Development (OECD)/South Africa Workshop on Steelmaking Raw Materials, in Cape Town, that he expected steel demand, both upstream and downstream, to grow between 6% and 10% a over the next decade.(Read Full Article)
The Department of Mineral Resources would like to warn members of the public against an organised syndicate (s) scamming unsuspecting members of the public and claiming to act on behalf of the department.
One of the ways in which the syndicate operates is by requesting quotations for various goods and services from potential service providers, locally and abroad.(Read Full Article)
Lower fuel prices are compounding the longest commodity slump in a generation. Because energy accounts for as much as half the cost to produce food and metals, all sorts of commodities will keep dropping, according to Société Générale (SocGen) and Citigroup.(Read Full Article)
ANGLO American plans to cut its global workforce by 60,000 people to 102,000 by 2017, with restructuring across its range of businesses and commodities as it seeks to drive up profits in a tough global market.
Anglo will know by the end of March next year whether it will list or sell its Rustenburg and Union platinum mines as it focuses on low-cost, high-margin, mechanised assets, removing about 20,000 employees from its books at a stroke.(Read Full Article)
In a move that seeks to bridge the growth gap between the mining companies and the Small, Medium and Micro Enterprises (SMMEs) in the North West province, the Department of Mineral Resources in collaboration with the North West Provincial Government held a one day workshop at Rustenburg Civic Centre, Bojanala Platinum District.(Read Full Article)
GLOBAL jitters following poor manufacturing data from China and the eurozone and the downgrade of Japan’s sovereign credit rating by Moody’s, triggered widespread panic selling of stocks on Monday, which some analysts believe was excessive.
The JSE suffered its biggest intraday fall in four-and-a-half years, with resource shares particularly badly bruised.
The all share index fell as much as 3.69% as investors indiscriminately offloaded stocks from the resource, industrial and financial sectors at the tail-end of a roller-coaster ride for global equities.(Read Full Article)
BHP Billiton signalled that there would be no slowdown in the drive by global iron ore producers to boost production even as prices slump. “Even the iron ore price where it is today can induce more volume,” Jimmy Wilson, BHP’s president of iron ore, said yesterday on Australia’s Nine Network.(Read Full Article)
Iron ore has plunged 47% this year to near the lowest level since 2009 as investment in new mines deepens a global glut(Read Full Article)
KUMBA Iron Ore has spent twice as much money on relocating one community as the amount the government has ring-fenced for the improvement of distressed mining towns around the country.
A new mining town in the northeast of the Northern Cape has been built at a cost of R4.2bn, in record time and with all the necessary public services. It is the biggest community relocation by an Anglo American unit to date.(Read Full Article)
The weaker rand helped to offset financial pressures facing the mining industry in the year ended June 2014, PricewaterhouseCooper's (PwC) SA mining report has found.
“The industry was somewhat rescued by the weak rand,” PwC energy and mining assurance partner Dion Shango said on Tuesday. This was viewed as only a temporary respite because it would lead to inflation and cost pressures.
The total revenue for the mining industry, as reported by Statistics SA was R351.3 billion, marginally increased from R345.4bn the previous year but down from R358.4bn in 2012.(Read Full Article)