 | |  | INSIGHT - Regional Focus | Monday, September 22, 2014
| | AFRICA sponsored by Standard Bank | | | | | Editor's note | | Welcome to Mining Journal's Africa regional focus | "In this world nothing can be said to be certain, except death and taxes", said the 'first American', Benjamin Franklin, and yet when it comes to taxes and surety there is little to which mineral explorers and developers in parts of Africa have become more accustomed than incongruity. The Tanzania Revenues Authority's recent behaviour is a case in point, as illustrated in this week's top story. Uncertainty about government policy is one of the many aspects of working on the continent that make life a challenge for company leaders, and their investors. And provide Mining Journal with plenty to stay abreast of: the skills-development challenge highlighted in one of this week's articles is another. Our new regional focus e-newsletter provides us with an important avenue to deliver fresh insights into developments in Africa to you. As always, we look forward to your feedback. | | Richard Roberts, Editor in chief, Mining Journal | | | | | | | | | The Tanzania Revenues Authority (TRA) has retracted a call for help in renegotiating existing mining development agreements (MDAs) and petroleum production sharing agreements (PSAs). It is a win for resource investors in the near term but the move does not necessarily bode well for long term investment in the coastal African nation. | | | |  | | | Randgold Resources chief Mark Bristow's belief in the long-term value of high-level underground mining skills transfer from Australia to emerging African countries is echoed by the executive chairman of Byrnecut Mining Group, Steve Coughlan, who is seeing in Tanzania at the moment some of the benefits of taking up the "generational" training challenge facing miners across the continent. | | | | | | | Alan Watling, recently installed chief executive of burgeoning iron ore producer, African Minerals Ltd, will ask offtake partners to pay more for their ore as part of a cunning plan to make the flagship Tonkolili project "cash flow positive on a sustainable basis" by year end. | | | | | | SPONSORED MESSAGE | | Standard Bank Corporate & Investment Banking aims to be the leading corporate and investment banking business in, for and across Africa, with a deep specialisation in natural resources. Through our on-the-ground presence and local insight, we connect our clients to opportunities across Africa and beyond. Our teams are ideally positioned to advise and provide assistance to clients seeking a broad range of corporate finance and market-led solutions to the complex challenges facing the mining and metals sector in Africa and other key markets. See more... | | | | | | | Chinese and Japanese firms are being sounded out by Glencore plc and Zanaga Iron Ore Company Ltd (ZIOC), joint owners of one of the most promising iron ore deposits in West Africa, Mining Journal can reveal. | | | | | | | Sierra Rutile Ltd delivered a decent set of first half results in difficult circumstances, which may begin to stem the bloodletting for the mineral sands miner toward the back of what has already been a tough year. | | | | | | | The financial metrics of the Mofe Creek iron ore project suggest its owner Tawana Resources NL is a compelling little investment story. Which in reality it has to be given Mofe Creek is not only an iron ore project (and hence in a sector very much on the nose at the moment), but it's also one located in Liberia. | | | | | | | Botswana has received plaudits for its pro-Western, business-friendly approach to the way it manages its economy, and is widely seen as a beacon of political stability on a continent where stories about bribery and corruption all too often make the headlines. | | | | | | | Corporate social responsibility (CSR) has come a long way in recent years, with companies increasingly conscious of their responsibilities to local communities. However, a new transparency index by CSR21 gives a snapshot of how well the extractive industries are reporting their CSR activities and the results aren't pretty. | | | | | | | International travellers often have to pay a visa-fee for entry into some countries, but in South Africa today it is international investors who are being asked to pay a fee to get out. | | | | | | | Six years ago the financial crisis forced a major rethink on how the Ghaghoo project, a kimberlite deposit covered by 80m of sand in the Central Kalahari Game Reserve (CKGR), would be developed. | | | | | | | Mark Bristow's appetite for many things - major new gold finds, corporate evolution and regeneration, the yellow metal itself... Africa - is unsated, it seems. The 55-year-old CEO of Randgold Resources Ltd has lately spoken of passing the leadership baton but he gives the impression he's still got much unfinished business with the market-leading gold miner. | | | | | | | |  | |  | Not a subscriber? Start a FREE trial to view these articles and more premium content. | | | | | | | Latest Supplement | | | | Greenland is focusing on implementing a new mining strategy as part of a five-year government plan | | Following the amendment of the Mineral Resources Act, the responsibilities of the former Bureau of Minerals and Petroleum as per January 1, 2013 have been divided among the Ministry of Industry and Mineral Resources, the Mineral Licence and Safety Authority and the Environment Agency for Mineral Resources Activities. | | The mineral and hydrocarbon strategies from 2014-18 offer new specific proposals as to the direction in which Greenland should go over the next five years. | | | | | |  | | Events update | | September 22-26, 2014, Melbourne Convention & Exhibition Centre, Australia | | | | | December 1-5, 2014, Business Design Centre, London, UK | | | | | | | | |
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