No it ain't all me own werk – in fact I didn't write any of it. This is a somewhat brief update on the mining charter. It's worth the read. What it doesn't cover is where the charter sits at the moment. Wessel Badenhorst suggests that it is in fact law, but with the recent […]
Overview of the mining charter (from Werksmans) Read More »
Namibia, has also started on the nationalisation course, causing a number of mining stocks on the Australian stock exchange to tank, and showing how contagious bad policy can be. via www.businessday.co.za Why they don't learn from each other I don't know. Cohen colours an interesting picture about Zim and how Morgan and his crowd might
Namibian mining from Tim Cohen Read More »
The most recent case of resource nationalism in Africa occurred last week in Namibia, the 4th biggest uranium producer in the world. Its ‘friendliest mining regime’ image evaporated on April 21 when the Minister for Mines in a budget speech in the National Assembly, somewhat out of the blue, stated that the Government’s mining company,
Govt pockets all rights to mine uranium (with my comments in italics) (the Namibian) CABINET has declared uranium, copper, gold, zinc and coal as strategic minerals to allow the State-owned Epangelo Mining Company “exclusive exploration and mining” rights, Mines and Energy Minister Isak Katali told Parliament yesterday. Katali said Cabinet recently approved a submission in this regard
the Namibian: Govt pockets all rights to mine uranium Read More »
Oceana contests what it considers is government’s overly narrow interpretation of BEE. CAPE TOWN – Fishing company Oceana and the government, represented by the Department of Agriculture Forestry and Fisheries came head to head last month when they met in court to contest what Oceana considers is government’s overly narrow interpretation of black economic empowerment.
Oceana challenges BEE in court Read More »
Typepad has this amazing feature called Blog It which is an app that allows you to highlight text on a page and then send it through to your blog. It also allows you to post the same content to Facebook and Twitter. My blogging has gone up as a result of this. But sometimes you
India watches (and waits – that’s for Ian) Read More »
My numerous and (in some cases) somewhat sycophantic requests to numerous players in the minerals industry for an advance copy of the minerals charter fell on deaf ears. So I. like everyone else who is not in the industry had to wait for the document to be published. I got my copy off the Business
JOHANNESBURG – On August 10 this year ArcelorMittal South Africa (AMSA) announced its purchase of Imperial Crown Trading 289 (ICT) for R800m as well as a so-called "BEE" deal with various cronies and family members of the ANC leadership. via www.moneyweb.co.za AMSA CEO Nonkululeko Nyembezi-Heita told the Mail & Guardian that "both the BEE deal
Will ArcelorMittal`s ICT/BEE deal ever fly? – Politics blog | Moneyweb Read More »
How long will it take for the ultimate ANC-defender (Joey Shaarky) to make some snide racist comment on Facebook. Much is happening on the ANC front. We have the Mining Industry that is in a complete shambles, such that they have actually placed a moratorium on receiving new applications for prospecting rights. And then there
Actually we need to be a little more than a little concerned. This ArcelorMittal-ICT thing could be the face of how business is going to be conducted in the future. I am so sickened by the rent(boy) nature of this fuck-up that I am not going to go out of my way to post too
We must be very concerned Read More »
