CAPE TOWN (miningweekly.com) – Natural resources company Vedanta Resources is aiming to become the world's biggest producer of zinc, as well as to double its production of silver and increase its iron-ore output from 10-million to 15-million tonnes a year. Vedanta has a presence in steel, iron-ore, aluminium, copper, lead, zinc, oil and gas and commercial power, with business operations in India, South Africa, Namibia and Australia.
State-owned Transnet says it is planning to ramp up the amount of coal it transports by rail to power utility Eskom's power stations to 32.5-million tonnes over the next five years, starting with a small increase over the next year. Chief customer officer Mike Fanucchi on Wednesday said Transnet currently transported about 7.6-million tonnes of coal by rail to Eskom's power stations.
Tietto Minerals, an emerging mining company in Côte D’Ivoire, has won the 2020 ‘Investment Battlefield’ competition at the Investing in African Mining Indaba in Cape Town. MD Mark Strizek impressed the judges with his entry, titled 'Fast-tracking the development of the Abujar Gold Project'.
State-owned Transnet’s newly appointed CE Portia Derby has pledged to partner with the mining industry in an open and transparent way in a bid to boost the utility and ultimately help grow the economy. “We want to be a cool, easy company to deal with. We don’t want to make it difficult for you to talk to us. We want to partner closely with you and are going to be listening to you a lot more than we were before,” she told delegates to the Investing in African Mining Indaba in Cape Town.
Canadian mining company Ivanhoe Mines chairperson Robert Friedland is capitalising on the rising need for more copper globally, with a mission to restore the Democratic Republic of Congo’s (DRC's) position as the number one producer of copper metal in the world. Friedland told the 2020 Investing in African Mining Indaba, in Cape Town, that the company was building "three of the best mines in the world" through its Kamoa-Kakula copper project in the DRC, and that it was exploring for the next giant copper mine.
The South African mining industry is making strides in improving its health and safety performance, but more needs to be done on site, as well as off site, to keep employees safe, says the Minerals Council South Africa. The council reiterated during the 2020 Investing in African Mining Indaba, in Cape Town, this week, that the fatality rate in the mining industry in 2019 had reached the lowest in recorded history.
High-tech and global engineering group Sandvik is helping greenfield mining projects in Africa to power ahead through automation and digitalisation aimed at making mining safer and more efficient and sustainable. “If you look at the global automation footprint, Africa is using some of the most sophisticated technology compared to the rest of the world. All the greenfields projects are starting off with this intention,” said Sandvik West Africa VP Nuhu Salifu.
The South African government has promised investors that it is fully committed to making it easier and cheaper to do business through streamlining processes and licence applications. Dr Kgosientso Ramokgopa, who heads up South Africa’s new Investment Infrastructure Office, said he was advocating for policy reforms to make the investment environment less rigid. The office was also working on simplifying processes for investors.
AngloGold Ashanti CEO Kelvin Dushinsky is upbeat about its Obuasi redevelopment project, in Ghana, with plans fully on track to ramp up production over the next year. AngloGoldAshanti (Ghana), a wholly subsidiary of AngloGold Ashanti, poured its first gold in December. Last week an event was held in Ghana to commemorate the first pour.
Mineral Resources and Energy Minister Gwede Mantashe has assured mining companies in South Africa they will be able to generate their own energy to counter severe energy constraints. He also on Monday announced that government would be talking to investors about establishing a generating company outside of Eskom.