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Modern Mining November 2020 coverIn this issue, the editor joins the critical metals dialogue. It is common knowledge that critical metals are vital to the functionality of various emerging technologies, yet they have a potentially unstable supply globally. Demand for critical minerals has skyrocketed in recent years with the growing global appetite for high-tech devices, mainly in the renewable energy and e-mobility spaces.

These metals are considered ‘critical’ in that they are necessary to the development of future economic needs, and yet their availability in sufficient quantities for future market demands has been questioned. Significantly, the COVID-19 pandemic has also highlighted how deeply global supply chains can be disrupted in a short space of time, and the importance of ensuring resilience through a secure and sustainable supply of critical raw materials.

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Modern Mining October 2020 cover

In the October edition of Modern Mining, the editor touches on the need to revisit the licensing regime to unlock mining investment in Africa. That the COVID-19 pandemic has shaken the world in ways not seen since the world wars is no overstatement. We would all agree that no event since World War II has had as extreme a global impact as COVID-19. Apart from the public health crisis, the pandemic is leaving a trail of economic destruction on a scale unseen in generations.

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Modern Mining September 2020 coverIn the September edition of Modern Mining, the editor touches on the changing dynamics in the African gold mining sector. The history of gold in South Africa dates back to 1873, when first large-scale production began with the unearthing of alluvial deposits at Pilgrim’s Rest. This was followed shortly by the Witwatersrand gold find in 1984. The discovery of gold in the late 19th century gave rise to the development of the city of Johannesburg, Egoli, or the City of Gold and for many years, South Africa was the world’s primary gold producer.

This is no longer the case and South Africa’s gold output has continued to decline for several decades. From peak production of around 1 000 tonnes (t) in 1970, the country’s gold output fell to 130 t in 2018, with South Africa now only accounting for roughly 4% of the world’s gold production.

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Modern Mining August 2020 cover

Modern Mining Digital August 2020

In the August edition of Modern Mining, we look at the impact of the proposed tax amendments on contract miners. On July 31, 2020, the National Treasury released the Draft Taxation Laws Amendment Bill for comment. The Bill includes proposed amendments to both section 15 and section 36 of the Income Tax Act (ITA), effectively noting that capital expenditure allowances are only available to taxpayers that hold mineral rights. The proposed amendment was alluded to earlier this year as part of Finance Minister Tito Mboweni’s budget speech, during which he noted that it was being considered.

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Modern Mining July 2020 cover

In the July edition of Modern Mining, the editor is encouraged by copper prospects in the DRC. Notwithstanding the country’s many challenges, the copper mining industry is likely to further raise the value of the DRC mining sector.

In 2013, the DRC surpassed Zambia for the very first time, to become Africa’s leading copper producer, with a total annual output of 925 000 tonnes. This was an extraordinary achievement, given that barely 10 years earlier, the country had been producing a mere 70 000 tonnes annually. Fast forward to 2020, and the DRC is among the top five copper producers in the world, with a total annual production of 1,3-million tonnes.

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Modern Mining June 2020 coverIn the June edition of Modern Mining, the editor notes some encouraging prospects for economically troubled Zimbabwe on the mining project front. Despite the economic turmoil currently prevailing in the country, with annual inflation surging to 785,55% in May from 765,57% in April, the country is likely to find some solace in its mining industry.

Judging by the current project pipeline, the mining industry in Zimbabwe may be poised for a boom, with new discoveries in diamonds and gold, as well as a new coal project likely to enter production this year, signalling a new wave of mining activity.

CONTACT

Editor
Munesu Shoko
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Advertising Manager
Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108


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Crown Publications, one of South Africa’s largest business-to-business publishing houses, came into existence in 1986. Since then, the company has grown from producing a single magazine, Electricity SA (renamed Electricity+Control), to publishing six monthly magazines, three quarterlies, and a number of engineering handbooks.

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