Tag Archives | mining in Africa

Africa Brief: a model for rail co-operation, Zambia startup, mining in Africa and more






Transnet Freight Rail (TFR) and Botswana Railways are slated to start moving two trains a week from Palapye in Botswana to Durban next month in order to export 2-miIlion tons of coal a year.

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Mergers and acquisitions in the global mining industry











The global mining industry has seen an increase in the number of mergers and acquisitions (M&A) recently – driven by demand fundamentals that remain sound across the globe. Deal value during the first quarter of 2012 was dominated by the long-anticipated US$53B Glencore-Xstrata merger proposal, which if successful, would represent the largest mining transaction in history. According to KPMG’s recently published Mining M&A Quarterly Report First Quarter 2012, more than 81 mining transactions were announced during the first quarter of 2012, compared to a fewer than 50 during the previous quarter, representing an increase of 75% in volume-a strong rise even without the Glencore-Xstrata announcement.

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Gold price and tax reform to mould state of mining sector











The future of mining in Ghana is dependent on the short- to medium- term outlook of the gold price, which will determine whether gold miners in the country are successful, and the government initiatives around tax reforms that have the potential to seriously affect the growth of the industry.

Ghana has been viewed as an investor-friendly mining destination in the past, but this perception may be challenged, says KPMG energy and natural resources advisory practice director and Mining in Africa services head, Ian Kramer.

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Africa Brief

Climate change deep underground for mining sector











A KPMG survey entitled Responses to the Climate Change Debate: KPMG Mining Industry Survey covered North America, the Asia Pacific region, Africa, the Middle East, and South America.

Ian Kramer, Director and Head of Mining in Africa for KPMG, says that the report found that less than 20% of global mining sector players believe that climate change is a significant driver for new initiatives in their organisation, with almost 50% of the sector reporting that their organisations had not quantified the potential cost of climate change into their business.

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Taxes and royalties create further changes

Taxes and royalties create further challenges for mining in Africa











According to mining in Africa director, Ian Kramer, there will be significant opportunities and projects coming on stream in the African mining industry regardless of the decrease in demand experienced by various markets.

“Massive growth will be experienced in the next six months to a year and beyond – for example, investments in the coalfields in Mozambique, as well as the iron-ore market and existing and new investments in Guinea, but these may take longer than a year to come to fruition.”

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