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M I N I N
AFRICA G
MI N I N G - A F R I C A Jan-Mar 2020 Issue 01 Vol.3
Pg.05
The Road to a mining Deregulation of the gas China’s Investment in
investment hub. Pg. 13 market will improve the Africa’s Mineral
power sector. Pg. 19 Resources. Pg. 22
2
MINING
Title
www.mining-africa.com Jan-March 2020
3
Contents
PAGE06 PAGE10 PAGE 21
Propelling the Mining Padley & Venables a Bauer’s technologies
Sector beyond 5D force to Reckon make deep bulk
sampling simple
Adver�ser’s Index
Shamba Lodge
Worley
Padley & Venables
Bauer
SunAce
BKT
Laureates Mining
COMING UP IN OUR NEXT ISSUE
Ventures Special Feature on
Nyumba
Matec Mining Expo Namibia
Thyssenkrupp
Knight Safety Gear
Karcher
www.mining-africa.com Jan-March 2020
4
Editor’s Note in Africa con�nues to create
posi�ve social and economic
project just won’t be built,”
he says. “A bigger share of
impacts locally and globally. zero is s�ll zero.”
Jan-March 2020
We however, join Oxfam in
We cannot agree more to One other way, is for Africa Editor
challenging African na�ons’
to consider alterna�ve Nkosi M
Oxfam’s challenge to Africa’s in se�ng up tangible editor@mining-africa.com
key players in the mining economic inputs. energy sources such as gas-
sector to take advantage of energy and solar energy Editorial Assistand
the enormous opportuni�es As PwC Australia’s Africa away from the tradi�onal Daniel Kimba
in sector gaping before prac�ce leader, Ben Garge�, and dear thermal-power.
them. as quoted by Oxfam, there is Regional u�lity’s such as
Sales
an inescapable need for South Africa’s Esco, Chris Moyo
With most countries going Africa’s mining players to Zimbabwe’s and Zambia’s chris@mining-africa.com
the democra�c governance focus on corporate income Zesco need to diversify to
Accounts & Admin
way, business at macro and tax over a short period of other energy source Sheila T.
bilateral levels has taken the �me and was based on a regenera�on away from admin@mining-africa.com
driver’s seat on the percentage of revenue, not hydraulic energy which is
Con�nent. profits. prone to clima�c weather Design and layout
MTKZS Designs
change.
Statutes, business As Garge� puts it, significant
conferences and seminars investments across the Welcome to this 1st issue of Address
have been held in West, ini�al lifespan of mining the year 2020, were we look 274 New York Street
East, Southern and the projects including significant at various issues that affect Randburg 2188
South Africa
Arabic Africa in Northern capital outlays, royal�es mining and focus on the 4th info@mining-africa.com
Africa solely to actuate the paid from day one, as well industrial revolu�on in
needed economy of Africa as payroll taxes, local mining. Not forge�ng the
currently dogged by hunger, employment and VAT Inves�ng in Africa Mining
disease and eventual genera�on for the host Indaba the space – where
deaths, as evidenced in government are needed to the high-impact networking
Eritrea and South Sudan. be a�ended to with the is unmissable and the
Despite amical resolu�ons urgency they deserve. opportuni�es and
passed at these events, conversa�ons are endless to
there has been li�le or no Indeed, to achieve this fit, land deal a�er deal.
benefits to the affected and African countries need to
disadvantages African address the perceived
ci�zens, in their respec�ve shor�alls from mining Meet everybody who’s
countries. ac�vity by bolstering taxes anybody, from the world’s
and royal�es run the risk of biggest industry giants to Published by
With its and vast mineral repelling much-needed tomorrow’s barrier-breaking
deposits right in its womb, investment. disruptors, everyone who is
the African con�nent and anyone is here for you to
her people have con�nued Garge�, who is also vice connect with and learn from
to wallow in poverty, chairman of the likes to – transforming the
disease an d avoidable deploy the pie metaphor. “If trajectory of your business.
un�mely deaths, As the too much of the pie goes to
the government in whatever Have a lovely read. +27 78 403 9254
Oxfam’s recent reports info@altramic-marketing.co.za
states, the mining industry way, shape or form it is, the www.altramic-marketing.co.za
Disclaimer: All material is strictly copyright. The magazine or any part thereof may not be reproduced or adapted without wriMen permission from the
publisher. Mining Africa Magazine welcomes material submiMed for publicaÌ on but retains the right to edit copy. The views expressed in the publicaÌ on are
not considered those of the publisher (Altramic MarkeÌ ng), which accepts no liability of any nature arising out of or in connecÌ on with the contents of this
magazine. While every effort has been taken in compiling this publicaÌ on, the publisher does not give warranty as to the completeness or accuracy of its
www.mining-africa.com
content. The publisher Jan-March
and the editor cannot accept responsibility for any loss inconvenience & damage that may occur there from.2020
5
MINING
Title
Where the world Connects with African
Mining
Bigger, better and development and other giants to tomorrow’s barrier-
bolder in 2020, why go important causes in Africa. breaking disruptors, everyone
who is anyone is here for you to
anywhere else this A�rac�ng more junior, mid-�er connect with and learn from –
February? and major mining companies, transforming the trajectory of
Inves�ng in African Mining more investors and as always, your business.
Indaba is solely dedicated to the the largest gathering of mining
successful capitalisa�on and Ministers in Africa. We’ve got no Mining Indaba is that
development of mining interests plans of slowing down, bringing
you an even bigger Mining
space – where the high-
in Africa. Also known as Mining
Indaba. Succeeding for over 25 Indaba in 2020. We may even impact networking is
years, Mining Indaba has a surprise you with a President or unmissable and the
two! This coupled with the
unique and widening perspec�ve opportuni�es and
of the African mining industry, enhanced business matchmaking
and expanded IR team means conversa�ons are
bringing together visionaries and
innovators from across the mee�ng your next business endless to land deal
partner just got easier.
spectrum. We are also dedicated a�er deal.
to suppor�ng educa�on, career
development, sustainable Meet everybody who’s anybody,
from the world’s biggest industry
INVESTING IN
AFRICAN
MINING
INDABA
“I come to Mining Indaba every year, it’s the biggest mining
conference in Africa and so it’s the place you have to be.”
Paul Roberts, MD, Predictive Discovery
www.mining-africa.com Jan-March 2020
6
TECH
Propelling the mining sector beyond 5D
The digital age is ushering in project team to visualise the augmented reality environment.
drama�c change as new project objec�ves. The benefits It provides our customers with a
technology is adopted at an of 6D and 7D come to light at highly valuable electronic asset
exponen�al rate, merging the handover and provide end-users that can easily geographically
physical world with the virtual with a be�er understanding of integrate details that were
and allowing industry to use the lifecycle and sustainability of previously overlooked in paper
technology to improve their assets. files,” says Du Plessis.
efficiencies, safety and return on
BIM Manager for Worley, Russell Developed to assist in designing
investments. Leading the way in
Du Plessis, says: sustainable assets, Worley’s 6D
digital transforma�on in the
data incorporates the Worley
energy, chemicals and resources
sectors, global project and asset “South Africa’s SEAL system (Sustainable
Engineering for Asset Lifecycle),
services provider Worley is mineral and mining a unique approach to
taking digital design capabili�es
beyond 5D. processing sectors engineering delivery which
integrates technical integrity and
By using Building Informa�on
have tradi�onally safe and sustainable design
Modelling (BIM), Worley is focused on upfront processes under a common
crea�ng digital informa�on umbrella. The result is designs
models from 3D right through to
capital costs” that are technically compliant
7D that contain both graphical however, 6D and 7D BIM allows with statutory and customer
and non-graphical informa�on in a planned, pro-ac�ve approach requirements; safer to build,
a Common Data Environment. to assets that is significantly operate and decommission; and
The informa�on builds in value beneficial, not least in terms of provide appropriate sustainable
as the project stages progress costs. solu�ons that comply with
un�l the complete data set is Worley’s framework aimed at
handed over to the client at the Du Plessis says that while many achieving zero harm.
conclusion of a project, ready for companies provide 4D and 5D
design focusing on the cost and While there are many third party
opera�on. Each dimension of
schedule of construc�on, providers offering 3D modelling
data offers clients a fuller
Worley’s 6D digital capabili�es services to the mining sector,
understanding of their project,
ac�on the commissioning of a Worley is one of the few
from genera�ng accurate
project, while 7D allows for companies with in-house digital
programme data to producing
op�mal opera�on. He adds that, capabili�es, with the know-how
accurate es�mate costs, and
ideally, the informa�on model and technology to take BIM right
ul�mately providing a digital
should con�nue to evolve during through to 7D.
data bank that can be used to
drive efficient opera�on and the ‘in use’ phase with updates
Du Plessis says that 7D modelling
management and be�er on repairs, replacements,
is where opera�onal
business outcomes. opera�onal data and diagnos�cs
func�onality lies and also offers
to further assist with informed
customers peace of mind in
Star�ng with a 3D model, 4D and effec�ve future decision
terms of due diligence in the
adds the benefit of a project making.
commissioning process. This
schedule, providing greater
“Worley’s 7D design data furthermore makes 7D BIM a
insight throughout the design
mapping allows real-�me access highly valuable tool from an
process. 5D allows control of
to opera�onal related metadata insurance point of view,
cost and budget components
for equipment and systems providing a transparent and
and captures progress
within a project in a virtual or accountable digital record.
dynamically, allowing the en�re
www.mining-africa.com Jan-March 2020
7
Engineering and project
MINING
management servicesto
“It’s the underlying data Worley is at the the mining industry
that is of value, not the forefront of developing
virtual image, as this digital solu�ons for the
• Innovativesolutions
powerful integrated data planning, design and
makes it possible to execu�on of mining • Efficient digital asset management
provide design accuracy, projects, with the South
look pre-emp�vely African office having
from design through construction to
forward, and create an been responsible for the operations
intelligent and design and development
integrated project scope of much of the group’s
• Concept-to-completion
that runs from the leading-edge technology • Designexpertise
design phase right in mining and minerals
through to opera�on processing. Worley
• Project capabilities for all minerals
and decommissioning,” conforms to standards • Mining centre of excellence
says Du Plessis. set out by the BIM
Ins�tute of Africa, and
Denver Dreyer, Senior
already has a number of
Vice President Mining, Visit Worley
leading customers
Minerals & Metals Mining Indaba 3- 6 February2020
successfully u�lising
(MM&M) Europe, Stand 504
their BIM capabili�es.
Middle East and Africa
for Worley, affirms
Worley’s ongoing
commitment to digital
transforma�on, saying
that as a global centre
for mining and minerals
processing excellence,
the business is
pioneering the move
away from cumbersome
paper trails to instantly
accessible digital data in
South Africa. “Worley is
leading the way forward Exploration Mine Mining & Mine
in terms of developing & Evaluation Planning Development
BIM capabili�es for
mining in South Africa,
and it’s a necessary step
for any business wan�ng
Materials Mineral Tailings& Waste
to prosper in the new Handling Processing Management
digital age.” He adds that
this requires a change in
mindset of the en�re
project team, including
the customers’ side, Transport to
Hydrometallurgy Pyrometallurgy
right down to mine Market
personnel in order to
successfully leverage the
immense benefits of
technology. Environment Non-Process
& Approvals Infrastructure
worley.com
www.mining-africa.com Jan-March 2020
8
TECH
Digital is in Worley’s DNA
“Over the past few years transforma�on to the mining you’re going to find to help you
there’s been a lot of hype world. In fact, Worley is one of navigate through these
and rhetoric around digital, the only professional service challenges.”
but in the past few months providers in the industry to offer
Dreyer also notes that in order to
fully integrated Building
there’s been a shi� in the deliver an intelligent and
Informa�on Modelling (BIM)
industry. We’re star�ng to integrated project scope, it is
compliant designs.”
move from strategies and vital to partner with a service
visions to tac�cal plans and Worley has for some �me been provider that has years of
targets. Technologies that applying BIM principles and industry experience as well as
we’ve been tes�ng for a systems in the mining and the technical exper�se.
minerals processing sectors and
while now are star�ng to
its customers are star�ng to see
return data, and we’re
the value in how a simulated “Our digital offering goes beyond
star�ng to see how they can opera�onal facility model, or a engineering and design, to
take us forward as an ‘digital twin’, could improve opera�ons, safety and
industry.” produc�vity and reduce much of efficiencies,” says Dreyer. “The
the risk associated with digital technology that we are
- Bradley Andrews, President,
construc�on and commissioning. bringing to the table will help
Digital at Worley.
While there are many third party our customers reduce costs and
As an early adopter of digital providers offering 3D modelling opera�on risk, improve
technology in the energy, services to the mining sector, produc�vity, reduce risk to the
chemicals and resources sectors, Worley is one of the few asset and the environment, and
global project and asset services companies with in-house digital reduce risk to human life.”
provider Worley has been capabili�es, and the know-how
constantly tes�ng new and technology to take BIM from He adds that globally the
technology to develop value- 3D modelling right through to organisa�on is driving digital
adding digital strategies and help 7D, crea�ng an intelligent and transforma�on to offer
customers make more informed integrated project scope that customers cu�ng-edge digital
decisions. runs from the design phase right capabili�es, through
through to opera�on and
Robert Hull, Vice President, collabora�on between
decommissioning.
Mining, Minerals & Metals loca�ons – especially South
(MM&M) Africa at Worley, says “Worley is leading the way in Africa, Kolkata and Perth – to
that the company is not ‘on- terms of developing BIM share digital knowledge. A
boarding’ digital technology now capabili�es for mining in South new division is purely
because it is the latest buzzword. Africa, and it’s a necessary step focusing on digital
for any business wan�ng to
“Innova�on is in our DNA at technologies, and the
prosper in the new digital age,”
Worley. We’ve always strived to organisa�on is also inves�ng
affirms Denver Dreyer, Senior
embed innova�on into every Vice President Mining, MM&M
in independent so�ware
aspect of the business and keep Europe, Middle East and Africa at companies that are
up with new technology,” says Worley. “However, there are pioneering digital tools that
Hull. “The South African many pi�alls in digital can be applied to provide
opera�ons in par�cular has been transforma�on. We have valuable data.
ac�ve in digital technology for traversed this path for some �me
almost a decade. It is at the so we understand the digital
forefront of introducing digital challenges. Worley is the closest
www.mining-africa.com Jan-March 2020
9
TECH
For example, Worley is our customers to take acquisi�on of Jacobs
collabora�ng with Arundo proac�ve measures based on Engineering Group’s Energy,
Analy�cs, which has the history of similar Chemicals and Resources
developed so�ware that projects,” explains Dreyer. division, we now have far
enables advanced analy�cs to “We are currently greater exper�se, more
provide data-driven insights incorpora�ng this data into resources and access to latest
for industrial opera�ons, the BIM process which will technology to help our
allowing Worley to bring best- enable customers to make customers navigate the
in-class digital capabili�es to sta�s�cal projec�ons about challenges our customers
its customers. Another things such as the highest risk face, from the front-end
example is SaltGrid, a cloud- phases of a project lifecycle.” studies to every phases of a
based pla�orm that applies project across the full mining
Beyond the project scope,
ar�ficial intelligence to value chain,” says Dreyer.
sustainability is the highest-
customers’ health, safety and “Our combined global
ranking agenda on any board,
environmental (HSE) data to footprint, skills and
and tools such as SaltGrid and
predict the number and types capabili�es has created a new
BIM will help mining
of incidents likely to occur. force to be reckoned with,
companies quan�fy and
which is set to be a clear
Using these digital tools, manage issues such as access
world leader in the mining,
Worley is compiling data from to energy and water, and the
minerals and metals space.”
every project undertaken by need to reduce carbon
the company globally. emissions. Visit Worley at the Mining
Indaba 2020 on stand 510 to
“By analysing the data from “As the pre-eminent global
see how the organisa�on is
previous projects, we can look provider of professional
assis�ng customers to
at sta�s�cal pa�erns services to the energy,
“Op�mise Growth and
regarding safety and predict chemicals and resources
Investment in the Digi�sed
typical risk areas. This enables sectors following Worley’s
Mining Economy”.
www.mining-africa.com Jan-March 2020
10
MACHINERY
Padley & Venables a force to Reckon
Padley & Venables has been established in the United Kingdom for over
100 years and is one of the largest manufacturers of a wide range of
quality tools for use in the Rock Drilling, Quarrying, Mining, Tunnelling,
Demoli�on, Construc�on and Civil Engineering industries worldwide.
The company was P&V has been integrated The company also
originally established in responsible for many manufacturers in the offers a complete
1911 and has two innova�ons in Rock world. range of accessories
manufacturing facili�es Drilling. The company for Hand Held
Its steel division,
in the United Kingdom originated and Breakers.
Bedford Steels, was
, subsidiary opera�ons developed the
originally established in All P&V products are
in Germany and manufacture of
1792, and was the fully manufactured and
Australia and an percussive Bu�on Bits
inventor of the method treated in its own
interna�onal dealer in the mid 1960’s. It
or re-rolling Hollow factories, using the
network in more than established the first
Mining Drill Steel, latest processes and
50 countries facility for overall
which it patented in equipment.
throughout the world. carburising of Drill
1918.
Rods in Europe and
P&V’s extensive range
originated the Alongside its core
of Rock Drilling
manufacture of products of Rock
products includes
male/female Drill Rods. Drilling equipment,
tunnelling/dri�ing and
Today P&V products P&V also
extension drilling
are in con�nual use on manufacturers the
equipment; Shank
many pres�gious widest range of high DISTRIBUTION
adaptors, Couplings,
project and worksites, quality Demoli�on PARTNERS
Drill Rods, Tc Tipped
surface and Tools for use with most REQUIRED!
Drill Bits and Reaming
underground. Its types of Boom EMAIL USFORMORE
equipment, Integral
reputa�on for Mounted Hydraulic INFORMATION!
Drill Steels, Taper Rods
performance and Breakers. In addi�on
and Bits, together with
quality is respected to all standard working
the latest Tube Drilling
around the world. ends, special
systems. All major
applica�on designs
interna�onal tread With its own Steel
have been developed
forms are supplied. Rolling Mill, P&V is also
for special demands.
one of the few
DISTRIBUTION
PARTNERS
REQUIRED!
EMAIL USFORMORE
INFORMATION!
ROCKDRILLING DEMOLITION CONTRACTOR’S
www.mining-africa.com
SALES@PADLEY-VENABLES.COM Jan-March 2020
WWW.PADLEY-VENABLES.COM TEL:+44 (0) 1246299 10011
MACHINERY
Bauer’s technologies make deep bulk sampling
simple
For a group with a worldwide in large diameter drilling, it is part of Bauer Resources. The
reputa�on as a technology also equipped to take on deep company was established just
leader, the German-based and large diameter water well over 20 years ago with the focus
BAUER Group is probably not as projects in coopera�on with its ini�ally being on the sale and
well known in South Africa as it in-house company GWE, a servicing of Bauer machines,
should be. The group operates in premium supplier of advanced par�cularly those aimed at the
several fields but, from a mining well construc�on materials and civil engineering market. Star�ng
perspec�ve, its best known pumps. in 2004 the emphasis shi�ed
products and services relate to towards a contrac�ng role and
drilling. In Southern Africa it has Bauer is involved in a very BTSA has carried out a number
carried out projects for a number pres�gious bulk sampling project of contracts for mining
of resource companies, in Saskatchewan, Canada: The companies since then, a typical
par�cularly those engaged in FalCon project of Rio Tinto example being the work carried
diamond explora�on and mining. Explora�on Canada Inc. and Star out for mineral bulk sampling,
Using its large rotary drilling rigs, Diamond Corpora�on aims to which sees it drilling holes of
Bauer is able to drill holes of up prove the commercial viability of 17,5 inch (44 cm) diameter to
to 2,5 m in diameter – sufficient the Fort a la Corne kimberlite depths of 350 m and the
to extract workable bulk samples fields in Saskatchewan in extrac�on of bulk samples which
which would otherwise have to Canada. Due to the low grade of are processed through an on-site
be mined using conven�onal – the kimberlites, Rio Tinto DMS plant.
and very expensive – mining decided to use Bauer trench
methods. cu�er technology to provide Explaining Bauer’s strategy in
large-volume, high quality Africa, the main thrust of BTSA’s
With nearly 230-years of history, kimberlite samples for the final marke�ng effort is directed
Bauer is today regarded as one evalua�on of the project in towards clients looking for safety,
of Germany’s flagship regards to diamond content and cu�ng edge technology and
manufacturing and engineering recovered diamond quality. A solu�ons to out-of-ordinary
companies. Over the past 40 BAUER BC 50 cu�er on a BAUER problems. “We are quite capable
years, it has also become MC 128 duty-cycle crane is used of taking on the conven�onal RC
increasingly global in character – for bulk sampling to a maximum and diamond core drilling that
it employed some 12,000 people depth of 250 m. In addi�on to cons�tutes the bulk of the
in more than 70 countries in the cu�er and the base carrier, explora�on drilling market but
2018 and derived around three Bauer also supplied a BE 550 this is a business dominated in
quarters of its revenues of €1,70 desanding plant and other South Africa at least by local
billion from its interna�onal accessories. A�er a long winter companies o�en using rela�vely
opera�ons. Headquartered in break opera�on started end of low-tech, locally manufactured
Schrobenhausen in Bavaria, it May 2019. The kimberlite is rigs. It’s highly compe��ve and is
has over 110 subsidiaries which washed and bagged into bulk unlikely to be the main source of
operate in three market bags for further evalua�on in business going forward”, says
‘segments’ – Construc�on, mul�ple steps by the experts of BTSA’s managing director Lars
Equipment and Resources. Rio Tinto. The Star kimberlite on Roesler.
Bauer’s modern reputa�on is the FalCon project is covered by
based on its reputa�on as a approx. 120 m of overburden Bauer believes it does not
specialist in founda�on which posed a significant compete against other
engineering but it is also known addi�onal challenge to the companies so much as against
as a leader in the development project. other technologies for mineral
and manufacture of specialist explora�on or mining services.
founda�on engineering In Africa, Bauer operates through
equipment, especially in the Bauer Technologies South Africa
provision of drilling services and (BTSA), which is based in
drill rigs. Apart from its exper�se Johannesburg and which forms
www.mining-africa.com Jan-March 202012
MACHINERY
Bauer sees itself as very much an are in use to explore mineral deposits of TSF embankment walls to counter
African player with the establishment and evaluate mine dumps. The rigs, seepage of contaminated process
of new companies in Botswana, DRC capable of drilling 2,5 m diameter waters or dam failures.
as well as Ghana and Senegal in holes to a maximum depth of 70 m,
West, which work closely with the averaged 67 m/day – at one point Looking to the future, Bauer sees
South African opera�on. In other achieving 115 m in a single day shi�. growth ahead for the African
commodi�es, the Bauer rigs and companies in the recovering mining
technology are deployed at projects Others than explora�on and sampling and explora�on market. BTSA will
to drill large diameter dewatering solu�ons, Bauer constructs con�nue to diversify with the
and monitoring wells up to 700 m diaphragm or cut-off wall to support equipment and technologies being
deep. open-pit mining access. These applicable to many other sectors of
techniques have been used to seal off the mining industry. There is no
In South Africa, Namibia and ore bodies or sha�s against reason for this trend not to con�nue.
Mozambique, the BAUER BG 36C underground water ingress and are
large diameter bucket auger drill rigs also applicable for in-site remedia�on
Bauer is a leading provider of equipment and turnkey services for exploration and
mining. BAUER Mining Solutions are deployed for bulk sampling, dewatering,
remediation of tailings dams and mine infrastructure projects around the world.
www.mining-africa.com
BAUER Technologies South Africa (PTY) Ltd • Unit 215 • Palms Office Park
Jan-March 2020
519 Nupen Crescent • Midrand 1695 • South Africa • info@bauersa.co.za www.bauersa.co.za13
MARKETS
The road to a mining investment hub
In her quest to achieving her The obviously excited Nkom, tells poten�al investors in the
quest to become the investment The Na�on that with the industry.
des�na�on, Nigeria has never necessary poli�cal will already in
been this close of the first choice place namely, a transparent NGSA is the custodian of
for mining in Africa. licensing regime, and a Nigeria’s geosciences
geological data, among others. informa�on. A parastatal under
Already, various pragma�c and the Ministry of Mines and Steel
strategic ini�a�ves put in place This development indicates that Development, the NGSA,
by the her Federal Government, Nigeria’s mining sector has never established by an Act of the
through the Ministry of Mines been this a�rac�ve to investors. Na�onal Assembly on May 22,
and Steel Development, to woo For instance, the opera�ons of 2006, has the statutory role of
prospec�ve local and foreign MCO, which Nkom heads, has providing relevant and up-to-
investors into the mining sector been automated and upgraded date geosciences informa�on
has started yielding fruits. to enable interested applicants necessary for economic
to access its services online. development of Nigeria.
For instance, this West African
na�on learnt that on the The Investment Promo�on and The Minister of Mines and Steel
strength of various irresis�ble Mineral Trade Department has Development, Olamilekan
incen�ves dangled to investors, also been strengthened to Adegbite, has since turned his
the same ministry is currently provide informa�on on a�en�on to strengthening the
being inundated with investment investment opportuni�es in the NGSA to deliver on his promises
enquiries, which is an indicator industry as well as areas of of turning around the fortunes of
of the growing confidence of linkages in the downstream the mining sector.
investors in the sector. segment of the mining industry.
He believes that effec�ve mining
The development, which has Encouraged by a result-driven is based largely on good quality
gladdened hearts of industry synergy amongst agencies in the geological and mineral
regulators and stakeholders, may ministry, the MCO has also informa�on systems.
have reinforced key players’ streamlined its licensing regime.
hopes of turning Nigeria into a This was to enable credible Consequently, Adegbite, as part
mining des�na�on of choice. investors interested in mining to of his carefully ar�culated
apply and obtain licenses and strategies to woo investors and
The Director-General (DG), leases within and outside posi�on mining as Nigeria’s next
Mining Cadastre Office (MCO), Nigeria. oil, has dangled the proverbial
Engineer Obadiah Simon Nkom, carrot to investors by way of
personified the renewed hope of This is aimed at improved building a strong geosciences
leveraging on the ini�a�ves so effec�veness and efficiency, base.
far put in place to de-risk the promote transparency in mineral
sector and make it investment- �tle administra�on, and reduced It was the minister’s idea of
friendly to make Nigeria Africa’s burden on investors. enhancing Nigeria’s
mining and metal investment compe��veness as a world class
hub. The current synergy amongst mineral explora�on des�na�on
agencies in the ministry has also capable of a�rac�ng serious
“Nigeria is ready for foreign seen the Nigerian Geological private sector investments.
investors. We have good Survey Agency (NGSA)
regula�ons in the sector that will undertaking the Na�onal This is why he explains the
protect their investments,” he Integrated Mineral Explora�on Natural Resources Development
declares. Project in order to provide Fund (NRDF) is being infused into
credible geo-sciences data for the Na�onal Integrated Mineral
www.mining-africa.com Jan-March 202014
MARKETS
-Explora�on Project in order to Explora�on Project (NIMEP) to “This would allow government to
provide credible geo-sciences provide credible geo-sciences dissect the areas into blocks and
data for poten�al investors in the data for poten�al investors in the undertake interna�onally
industry. industry. compe��ve bidding process in
order to commence serious
NGSA is the custodian of Adegbite admits that NIMEP was mining ac�vi�es in the country,”
Nigeria’s geosciences one of the ministry’s proud he tells The Na�on.
informa�on. A parastatal under achievements. Giving more
the Ministry of Mines and Steel details, he explains thus: “The He further discloses that the
Development, the NGSA, Federal Government awarded a ministry plans to help the
established by an Act of the contract some�me last year a�er ar�sanal and small-scale miners
Na�onal Assembly on May 22, the approval of the Federal with means to access funds,
2006, has the statutory role of Execu�ve Council. strengthen the Investment
providing relevant and up-to- Promo�on and Mineral Trade
date geosciences informa�on “The project involves about N14 Department to undertake its
necessary for economic billion ($45 million) and it is to func�on and properly fund the
development of Nigeria. be undertaken na�onwide and Surveillance Task Force of Mines
will involve the explora�on of Inspectorate to curb illicit trading
The Minister of Mines and Steel base metals, rare earth metals in mineral commodi�es.
Development, Olamilekan and industrial metals like Lead,
Adegbite, has since turned his Zinc, Barite, and Iron Ore. And The Permanent Secretary,
a�en�on to strengthening the preliminary result indicates Ministry of Mines and Steel
NGSA to deliver on his promises significant success in the project. Development, Abdulkadir
of turning around the fortunes of Muazu, is equally excited by the
the mining sector. “The result is to provide a mining sector’s prospects of
commercially viable data that bouncing back of ini�a�ves put
He believes that effec�ve mining can be accessed by foreign in place to make it investment
is based largely on good quality investors in order to contribute friendly.
geological and mineral meaningfully to wealth crea�on,
informa�on systems. employment genera�on and Dr. Muazu, for instance, says that
contribute meaningfully to the one of the major steps that have
Consequently, Adegbite, as part na�onal Gross Domes�c Product made the sector investor friendly
of his carefully ar�culated (GDP).” is the enactment of mining laws
strategies to woo investors and with specific provision for fiscal
posi�on mining as Nigeria’s next Drawing his sufficient strength incen�ves that are enshrined in
oil, has dangled the proverbial from what the ministry, under the law such as tax incen�ves,
carrot to investors by way of his charge, Adegbite has so far waiver for import of machineries
building a strong geosciences placed his hope in the open a that are related to mining.
base. floodgate of investment in the
mining sector and is already “The second key ini�a�ve of the
It was the minister’s idea of looking into the sector’s future agency was through the MCO,
enhancing Nigeria’s with so much hope and where the ministry reformed the
compe��veness as a world class op�mism, licensing process to make sure it
mineral explora�on des�na�on is transparent and fair. The MCO
capable of a�rac�ng serious “In 2020, the result of NIMEP is also introduced the principle of
private sector investments. going to be released and I look ‘first-come-first-served and
forward to that as the result security of tenure,” Muazu says,
would further unlock the adding that the ministry has
This is why he explains the
investment poten�al of the similarly enhanced its
Natural Resources Development
sector. organisa�onal and regulatory
Fund (NRDF) is being infused into
capacity.
the Na�onal Integrated Mineral
www.mining-africa.com Jan-March 202015
MARKETS
Tax, other fiscal incen�ves The Mining Act also provides Why the incen�ves,
to the rescue allowance to a mining company reforms became
to set up a tax deduc�ble reserve
for environmental protec�on,
impera�ve
To demonstrate its resolve to hThe mining sector is widely
create an enabling environment mine rehabilita�on, reclama�on
acknowledged as poten�ally
for investors to come into the and mine closure costs.
hugely rewarding. However,
mining sector, the Federal inves�ng in mining is not a tea
Government, through the Mining companies also enjoy an party. It is not a business for
Ministry of Mines and Steel accelerated capital allowance of faint-hearted investors, local or
Development, rolled out a 95 per cent on qualifying capital foreign.
number of fiscal and investment expenditure incurred in the year
incen�ves to woo prospec�ve in which the investment is made. As Adegbite admits: “Mining is
local and foreign investors. not only capital intensive, but
Some of the strategic incen�ves There is also incen�ve in the also has a long gesta�on period.”
and reforms that may have form of loss relief for a maximum
started changing the foreign period of four years a�er which Partner/Mining Industry Leader,
investors’ percep�on of the all un-relieved losses are allowed PwC Nigeria, Cyril Azobu, puts
mining sector include tax to lapse. the situa�on in perspec�ve
exemp�ons, duty drawbacks,
telling The Na�on that mining is
subsidies, export expansion Similarly, where a mineral �tle not a sector that one expects
grants, double taxa�on reliefs, holder earns foreign exchange that something will happen
investment promo�on and from solid minerals sales, the quickly. According to Azobu, “
protec�on agreements, tax Central Bank of Nigeria (CBN), the typical life cycle in any
holidays, tax credits, and capital accordingly, retains a percentage mining is long; the gesta�on
allowances, among others. for use in acquiring spare parts period is also long.”
and other inputs required for Furthermore, he says: “Take, for
For instance, one of the mining opera�ons. example, the en�re value chain –
incen�ves provided under the from explora�on down to
various relevant laws and Also, mining companies may processing – the explora�on,
regula�ons, was the mouth- benefit from waiver of applicable which is the riskiest part of it –
watering offer of a three-to-five- royal�es, going by the assurance takes quite a long �me. It takes a
year “ tax holiday.” that corporate income tax in long �me to do
sector will range between 20 and explora�on…One; you are not
By the combined provisions of 30 per cent, which, according going to have people who will
sec�on 36 of the Companies to industry experts, is quite invest in explora�on as a result
Income Tax Act and sec�on 28 of compe��ve on the interna�onal of the level of uncertain�es.
the Mining Act, a tax relief market.
period of three years and a “Two, you don’t know how
further extension of up to two A number of legisla�ons also much you are going to get. So, to
years can be granted to provides for other forms of do that, you need �me,
companies engaged in mining benefits, par�cularly to foreign some�mes between three and
opera�ons investors, in that they protect five years or even more, to do
their investments from explora�on. When you do
Also, by the provision of sec�on expropria�on. explora�on, you have to begin to
25 of the Mining Act, operators develop that area, construct,
in the mining sector are granted build plants to carry out
For instance, foreign investors,
exemp�on from payment of opera�ons there, you move to
most of whom have been
custom/import du�es in respect some level of processing.
hesitant for fear of having their
of plants and machineries lawful and legi�mate enterprises
imported specifically and na�onalised, can now heave a
exclusively for mining sigh of relief. This is because
opera�ons. their investments will no longer
be taken away from them.
www.mining-africa.com Jan-March 202016
MARKETS
“Even when you are expor�ng, assistance funds provided by the Fron�ers (MSF). The forum
you need to have some degree World Bank are accessible to provided strategies to prevent
of processing, and have your miners, at repayment terms that lead poisoning associated with
export channels. But even at are reflec�ve of the reali�es in ar�sanal gold mining.
that, because you are expor�ng, the mining industry.
that is s�ll subject to global
Targe�ng increased mining
commodity pricing, which is only Giving more insight into the
just improving at the global contribu�on to GDP
increased focus on making
level.” mining a�rac�ve to investors, Globally, most countries of the
Adegbite said the mining sector world, irrespec�ve of their
As if the long gesta�on period had actually been in a very bad stages of development, now
before returns can be generated shape all these decades, dangle a variety of financial,
from mining opera�ons is not stemming from the neglect the fiscal, and regulatory incen�ves
enough to deter investors, sector went through as a result to prospec�ve investors in order
inadequate funding is another of oil boom. to achieve their economic
considera�on to prospec�ve development goals.
investors’ woes. This is so He said because of this, the big
par�cularly for Nigeria, where expatriate mining companies le� For Nigeria, this has become
most mines are typically green the country and the sector went necessary par�cularly in the
fields, making them una�rac�ve into doldrums. However, with mining sector, where the need to
for funding by tradi�onal the advent of the Nigerian significantly boost the sector’s
commercial banks. Mineral and Mining Act 2007 contribu�on to the na�on’s
and the Nigerian Mineral and Gross Domes�c Product (GDP)
Indeed, the development of the Mining Regula�ons 2011, the has become compelling in view
mining sector, over the decades, country launched itself once of the fall in oil prices at the
has been stunted by inadequate again as a mining des�na�on. interna�onal market.
funding to cater to the different
stages of the life cycle of a As part of the re-launch of
typical mining opera�on. Nigeria as a mining des�na�on,
“At present, mining
Adegbite said the ministry has contributes only 0.3
Before returns can be generated not only formalised ar�sanal per cent to GDP.”
from mining, the relevant miners, but has gone a notch
opera�ons need to go through higher by commi�ng to helping
five stages namely, explora�on, ar�sanal and small-scale miners Although, the sector’s
development, mining, processing to access funds. contribu�on to GDP increased to
and marke�ng. And the cycle about five per cent in 2015, the
takes averagely between two to figure is considered meagre for a
Over 1,500 Mining Coopera�ves mineral endowed na�on like
10 years or more. have also been registered Nigeria.
na�onwide, just as about 250
These are some of the reali�es Private Mineral Buying Centres
that are believed to have have been registered to facilitate The Roadmap for the Growth &
prompted the ministry to roll out trading in mineral commodi�es. Development of the Nigerian
ini�a�ves targeted at making Mining Industry of 2016,
mining a�rac�ve to would-be however, projected the poten�al
Also, to ensure environmental for increase in the sector’s
investors with the requisite mi�ga�on in the mines field, the
financial and technical muscle to contribu�on to GDP to 10 per
minister said Environmental cent by 2020. The hope was that
come into the sector. Laws and Regula�ons are being this will help posi�on mining as
enforced to the le�er. Nigeria’s next oil.
The minister has also moved to
ensure that interven�on funds According to Adegbite, Nigeria,
made available for the sector by last year, organised the 2nd
the Federal Government, Interna�onal Conference on
through the Bank of Industry Ar�sanal Gold Mining with Lead
(BoI), as well as the technical alongside with Medicines San
www.mining-africa.com Jan-March 202017
MARKETS
Infrastructure s�ll a sore Although, the current network (such roads
point administra�on has priori�zed the
improvement of the ease of
and railways”
Promising as some of these doing business and the removal
which supports the movement
mouth-watering incen�ves to of barriers to investment, most
of equipment to mining sites and
woo players say government should the evacua�on of minerals for
investors are, there are fears that address the issues suppor�ve sale and export.
poor infrastructure maybe a infrastructure par�cularly steady
hindrance in the works, if the electricity supply. More importantly perhaps, there
Federal Government fails to is need for the Federal
Government, through the
double its efforts to close the “A well-developed ministry, to walk the talk in
na�on’s infrastructure gap,
par�cularly in the areas of
mining industry ensuring consistency and
sanc�ty of laws and policies. The
electricity and road/rail thrives on well- thinking, and rightly so, is that
networks. established mining policies should guarantee
predictability and consistency of
transporta�on applica�on of rules.
www.mining-africa.com Jan-March 202018
MINING A LONGWAY
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www.mining-africa.com Jan-March 202019
MARKETS
Deregulation of gas market key to improved
power sector
Like a recurrent decimal, issues, operators, to revisit the issue of a conducive environment for
such as inadequate supply of gas gas purchase and availability them and other operators in the
to thermal plants and poor gas again. sector.
pricing, have con�nued to recur
in the power industry Recently, stakeholders expressed
Hardly does any forum pass their desires to make the Genera�ng companies’
without the issues being government fully implement the
discussed. Notably, this is the willing buyer, willing seller problems
issue of poor pricing of gas, concept called in the industry.
needing a feedstock for The industry boasts of about 30
electricity genera�ng plants. electricity genera�on
According to stakeholders, the companies. Of this, thermal
sector can only move forward, plants operators form the largest
Data show that about 30 per once the power plants are able percentage. Ogaji says there are
cent of electricity supply comes to purchase gas from suppliers issues confron�ng the firms,
from hydro power plants while and producers on a willing buyer adding that the
the balance comes from thermal and willing seller basis. There is problems affected their
plants that are powered by gas. the need, therefore, to examine performance.
the views, sugges�ons and the
This is coupled with the fact that way forward to the problem as
canvassed by the stakeholders. Besides, the rise in the prices of
the price of gas is benchmarked gas, which in most cases has
at the interna�onal market, a compounded the woes of the
development, which is a�ributed Interna�onal prices of gas sector, the GenCos, Ogaji said,
to the instability of the price of were facing opera�ng in a bad
the product. The Federal Government had environment.
many years ago announced that
Inves�ga�on by The natural gas would be made According to her, there is no
Na�on reveals that gas is sold to available to industrial users, effec�ve contracts between the
Nigeria’s power genera�ng firms especially power plants at par�es that are involved in the
at between $2.50 and $4 per $2.50/mmBTU. However, many genera�on of electricity. She out
million Bri�sh thermal unit of the electricity genera�on rightly lists the par�es as
(mmBTU), a situa�on, which has companies are not always buying thermal operators, plants and
given rise to poor accessibility of the product at that price. gas suppliers.
the product by power firms.
This, among others, made Associa�on of Power Genera�on
stakeholders to demand full She says the grid has
Companies (APGC) Execu�ve consequently suffered collapse
implementa�on of “Willing Secretary Joy Ogaji said gas price
Buyer and Willing Seller” system, on several occasions, stressing
is normally $2.50, as it is that when such things happen,
on the use and sale of gas. regulated interna�onally. the power genera�on firms are
at the receiving end.
Earlier, the Federal Government She, however, says the price
had introduced the concept of fluctuates in response to the
willing buyers and willing sellers Ogaji says : “GenCos lose
vagaries of the market, adding between 15 per cent and 20 per
in the gas market to that the price ranges from $2.50
encourage economic growth, cent of their gas whenever there
to $4 and power generators pay is grid collapse in the country.
and boost the power sector, 80 cent for transporta�on.
which uses gas for the When this happens, power firms
produc�on of electricity. would be forced to use gas
This, she says, is a problem meant for produc�on of 50
facing her member companies ( megawa�s (Mw) for 10Mw of
However, the idea has since GenCos ) as they buy gas at electricity. How can power firms
suffered implementa�on, a exorbitant prices, adding that make up for the loss.’’
development that made gas the government could help
users, especially power sector resolve the problem by crea�ng
www.mining-africa.com Jan-March 202020
MARKETS
Tariffs Other stakeholders domes�c and interna�onal
users. I can authorita�vely say
Ogaji says there is tariff on gas Adding to this, NLNG boss Dr there is enough gas for power
used in genera�ng electricity, Ihetu, says there had been plants, “he argues.
adding that the tariff does not complaints in the gas sector for
take off the inefficiency of the some�me now. The concerns, he Once the Federal Government
na�onal grid. Besides, the Value says, border on the rising prices de-regulates the gas market,
Added Tax (VAT) does more of gas and shortage of the there would be willing buyer and
harm than good for power firms, product, among others. willing seller of the product and
which rely on gas for produc�on the be�er for the power sector.
of electricity. He however says some concerns
raised not genuine, “Problems, He adds that addressing the
such as inability by the power issue of willing buyer and seller
“VAT is 7.5 per cent. genera�on firms to access gas is the way forward curtailing the
What it means is that for produc�on due to its rising increase in the price of gas on
prices are genuine. But I can tell the market.
the companies must you that there is gas in the
pay the VAT on gas, if country, “ he says adding that: “ Similarly, the Director, Centre for
Remember that Nigeria has
they want to operate proven gas reserves of
Energy Studies, University of
Port Harcourt, Prof Wummi
well,’’ she argues. 200trillion standard cubic feet Iledare, feels the willing buyer,
and 600 trillion standard cubic willing seller system will enable
feet of unproven gas reserves.
Gas suppliers to power power firms to operate
plants op�mally, “ if it is well
‘’Of this, what implemented.”
While the Federal Government
has le� the exporta�on of percentage of the He says the issue of willing buyer
natural gas to NLNG, it is volume has been and willing seller must be the
magnanimous enough to leave goal of the Federal Government,
certain percentage of gas for explored? Quite if there is going to be growth in
domes�c consump�on. This is insignificant.’’ the long term.
the main reason the government
allows Interna�onal Oil There is gas in the country. The “There must be holis�c reform
Companies (IOCs) to be only problem is price. There is of the oil and gas sector, a
supplying gas to thermal plants. enough gas in the Niger Delta development, which would take
region. into recogni�on of principle of
According to former NLNG Willing Buyer and Willing Seller
Managing Director, Dr Godswill “ How does NLNG get gas for its in order to encourage the
Ihetu, oil majors have Train 1,2,3,4,5,6 and the 7, growth of the petroleum, power
been providing natural gas for which is about to take off? So, it and other sectors of the
power companies. is a lie that there is no gas for economy, “ he says.
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www.mining-africa.com Jan-March 2020
REMOTE FIELD LOGISTICS.21
MINING
Kogi Iron progresses steel project towards BFS
The share placement, to an Government at Nigeria entered into a similar
ins�tu�onal investor, and Mining Week, October 2019,” financing arrangement with
various professional and says Kogi Iron MD David Lanstead (a party which
sophis�cated investors, is Turvey. shares a founder with Sorbie)
expected to cover corporate Kogi Iron has entered into in 2014.
costs and general working agreements to place 68 409 The balance of the placement
capital including the 091 fully paid ordinary (8 750 000 shares at 4 cents
tenement holding costs of the shares. Sorbie Capital, an per share) will raise $0.35
Agbaja project and Nigerian ins�tu�onal investor, has million (before costs) and is
Community Development subscribed for 56 818 182 to a variety of professional
projects. new ordinary shares at a and sophis�cated investors.
Communica�on is con�nuing price of $0.0352 per share for The issue price represents a
with 28 poten�al investors to an aggregate considera�on of 19% discount to Kogi’s 20 day
raise the balance of the $2 million including an ini�al volume weighted average
es�mated $10 million to be lump sum of $300 000 share price.
raised. Kogi Iron, for this payable to Kogi on execu�on The structure of this is
reason, is aiming to have this of the agreements. designed to provide Kogi iron
in place by the first quarter in In addi�on, the company has with flexibility in con�nuing
2020. entered into a sharing to advance the Agbaja project
The structure of these agreement with Sorbie, which while maintaining a constant
cornerstone share allows the company to retain source of funds covering a
placements will support much of the economic por�on of the company's
ac�vi�es for an equity growth interest in the Sorbie short to medium term cash
path. Importantly, these subscrip�on shares. The flow requirements.
funds will assist Kogi Iron to sharing transac�on will allow A proposal to prepare the
build and promote the the company to secure the bankable feasibility study was
interna�onal profile of its poten�al upside on 37 735 expected in December 2019
“Project of Na�onal 849 of the Sorbie subscrip�on and it is es�mated that the
Significance” as publicly shares arising from news flow study will take 12 months to
recognized by the over the next 18 months. Kogi finalise.
www.mining-africa.com Jan-March 202022
MINING
China’s Investment in Africa’s Mineral
Resouces
S
ecuring its place in driving the carmakers to invest in loans from Chinese financing of
the future of electrifica�on. A crucial piece of energy and infrastructure
electrifica�on the EV puzzle is the raw material projects in Africa almost trebled
When it comes to resources that include the between 2016 and 2017, from
energy there is a minerals – copper, nickel, cobalt, $3 billion to $8.8 billion. In the
fundamental transforma�on graphite and lithium – that are mining sector alone between
underway that will deliver a new processed for use in EV 2005 and 2017 China invested
reality in clean energy. It is not components including lithium- $58 billion and con�nues to be a
just the tradi�onal advocates of ion (Li-on) ba�eries. These raw leading investor in the global
renewable energy that are materials are mined in various mining industry.
leading the way, it is the world’s parts of the world including
major emerging economies such China itself along with Africa and China’s acceptance of poli�cal
as China and India that are South America. and security risks along with its
driving this clean energy At present China accounts for 70 willingness to entrench its
transi�on. per cent of the global lithium cell opera�ons in the growth of local
manufacturing capacity, with the industry have allowed China to
According to the Interna�onal United States at just 12 per cent gain footholds in complex
Energy Agency (IEA) World while Europe only accounts for natural resource markets. A
Energy Outlook 2019 China’s three per cent of global perfect example can be seen in
growing energy needs are produc�on capacity. its acquisi�ons within the vital
increasingly met by renewables, Democra�c Republic of Congo
natural gas and electricity. The It seems hard to believe when (DRC) cobalt resources. China
scale of China’s future electricity you look at the streets of now controls seven of the largest
demand and the challenge of Chinese ci�es where Range DRC mines, led by Molybdenum,
decarbonising the power supply Rovers, VWs and Toyotas vastly and in the process over half
help explain why global outnumber the local incumbents DRC’s cobalt supplies.
investment in electricity of Havals, Changans and BYDs Almost three quarters of the
overtook that of oil and gas for but China has grand aspira�ons world’s cobalt is mined in the
the first �me in 2016, and why to lead the world in electric DRC. Cobalt is an essen�al
electricity security is moving vehicles, both the finished element within lithium ba�ery
firmly up the policy agenda. product and the major cells – along with lithium, nickel
One of the prime strategies for components. Chinese carmakers and manganese, it makes up the
China is to increase the already make more cars than metal oxide slurry of the ba�ery
penetra�on of electric vehicles those of any other country. They cell’s cathode from which
(EVs). The move towards an also make more electric cars electricity is generated. With the
electric based mobility solu�on than anyone else, laying a claim EV market growing rapidly, that
now forms a major part of the to the industry’s future. To demand for cobalt is predicted to
environmental policies of many maintain that leading posi�on double and that is according to
governments with many already China needs to supplement its conserva�ve es�mates. The
having set targets. China is one na�ve mineral deposits with forecast is that EVs produc�on
of several na�ons to announce a overseas resources and for that will grow from under two million
desire to phase out tradi�onal goal they have had their eyes on units to a forecast 11 million
internal combus�on engines Africa for some �me. units in 2025, and off that
en�rely. It is believed that China and Africa minerals number China is expected to
moving to EVs will ensure an produce more than half of the
improvement in the air quality in Research released last year by total.
China’s major ci�es and this is IJGlobal reveals that the value of
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