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Mining amendment bill “constitutionally flawed”

President Jacob Zuma said he had sent back the Mining and Petroleum Resources Development Amendment Bill to the National Assembly last week, because as it stands, it does not pass constitutional muster – in terms of section 79(1) of the Constitution on the basis that the definition of “This Act” is likely unconstitutional.

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Pioneering Trans Hex

TRANS HEX Group, the Parow-headquartered diamond miner, is shedding the old as it prepares to bring onboard a shiny new operational asset from industry giant De Beers. Last month Trans Hex sold off its subsidiary Pioneer Minerals for R35m to Bondeo 140 CC.

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Platfields under a cloud

Junior mining exploration company Platfields, which is curiously headquartered the V&A Waterfront rather than closer to the platinum belt, looks to be in an awful pickle. The company – that listed in late 2010 with great ambitions as a platinum miner - was suspended from trading on the JSE in June this year for failing to produce its audited year-end and interim results for the period ended February 2013 and August 2013 respectively.

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Gas to provide stepping stone to low-carbon economy

“After 250 years of fossil-fuel fired growth, we are finally bumping into planetary limits.” This was among several messages conveyed to delegates who attended Gas Week 2014 in Johannesburg yesterday (Wednesday) by Dave Collins, Associate Director of MAC Consulting, one of South Africa’s leading management consulting groups focused in mining; oil, gas and chemicals; financial services and telecommunications.

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