Table des matières - Performances Group
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Table des matières - Performances Group
Semaine 41 – du 11 au 17 octobre 2010 N° 143 Table des matières • Le Vice-président /Afrique de l'Ouest d'Anglogold Ashanti au Mali Pour un partenariat constructif au service du développement‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 2 • Africa to play big role in copper market -Rio Tinto ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 3 • BHP-Rio joint venture falls foul of German watchdog‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 4 • Mega miner in Zambia with African Rainbow Minerals ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 4 • Nickel production worldwide forecast to rise marginally‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 6 • San Jose rescue was an incredible success for Chile and for the mining industry at large ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 8 • DRC to lag Zambia in copper investment – First Quantum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 8 • Chile's senate approves revamped mining royalty bill ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 9 • Diamond sales rise significantly, boost Botswana's trade account ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 10 • Caterpillar/Rio Tinto: five-year agreement for global supply of mining machines and services‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 11 • Le sauvetage des mineurs rehausse l'image du Chili ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 11 • Une sécurité "insuffisante"à la mine ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 13 • Gabon: La part de l'Etat gabonais dans le capital de la Comilog passerait de 25,4 % à 35,4% ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 13 • Mozambique: Une mine de charbon se trouverait sous l'aéroport Chingodzi au Mozambique ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 14 • Burkina Faso: Le premier lingot d'or scintille ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 14 • Embattled NITEL finally finds a buyer ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ 16 Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 1 • Le Vice-président /Afrique de l'Ouest d'Anglogold Ashanti au Mali Pour un partenariat constructif au service du développement Lors d'une audience que le Premier ministre, Modibo Sidibé, lui a accordée le 1er octobre dernier, le Senior Vice-président/Afrique de l'Ouest d'Anglogold Ashanti, Chirstian Rampa Luhembuwe, a été très clair : "Nous sommes au Mali et nous y resterons pour contribuer au développement ". Le Senior Vice-président/ Afrique de l'Ouest d'Anglogold Ashanti a effectué la semaine dernière une visite de travail dans notre pays au cours de laquelle il a été reçu en audience par le premier ministre Modibo Sidibé. Après les félicitations pour la bonne organisation des manifestations du cinquantenaire de l'accession du mali à la souveraineté nationale et internationale, les échanges ont porté sur quelques sujets relatifs au bon fonctionnement des mines et des projets de développement du pays. En effet, il s'agit de la fourniture et du prix de l'électricité dans les mines d'or. Les minerais exploités par la 1ère société d'exploitation minière dans notre pays sont tous à ciel ouvert. Le minerai est tendre et boxfore à Yatela alors que celui de Sadiola est sulfureux et profond. Son traitement et le prolongement de sa durée d'exploitation nécessitent plus d'énergie et de moyens techniques supplémentaires importants. C'est dans ce cadre qu'ils souhaitent connecter la mine de Sadiola sur Edm- sa et à partir de Diamou pour assurer l'approvisionnement de la mine en électricité. Ainsi, pour permettre d'allonger la vie de la mine jusqu'en 2025, sa connexion sur Edm - sa est indispensable à son bon fonctionnement. Cela pour garantir son approvisionnement énergétique afin de doter les installations de moyens techniques adéquats L'objet de la rencontre avec le Premier ministre et le ministre de tutelle était d'échanger dans le cadre d'un partenariat fécond afin de trouver une solution à la fourniture et au prix de l'électricité dans les mines d'or avant la tenue du conseil d'administration prévue le 27 octobre prochain. Le Premier ministre a donné l'assurance sur l'ouverture du Gouvernement aux discussions sur les meilleures voies à suivre, car l'électricité est une question importante pour le Président de la République. Il leur a ensuite fait savoir que des efforts sont fournis par l'Etat pour que le plan de développement énergétique colle aux besoins de notre croissance économique. Conscient de la pertinence des sujets abordés, Modibo Sidibé a pris l'engagement de s'impliquer davantage pour mettre à leur disposition tous les outils techniques. . A titre de rappel, Anglogold Ashanti s'est toujours investie dans les actions de développement de notre pays, notamment des populations locales en soutenant le gouvernement dans les secteurs-clés comme l'éducation, la santé et la promotion d'activités génératrices de revenu. La prolongation de la durée d'exploitation de la mine de Sadiola va renforcer l'élan nouveau que la société a commencé à insuffler à l'économie malienne en apportant des ressources supplémentaires. Le secteur minier engendre beaucoup d'emplois. Et les autorités ont compris que son développement par le Mali peut permettre à notre pays de trouver une solution à l'emploi des jeunes. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 2 Le renforcement des capacités de production des différents sites minier est un moyen pour élargir les possibilités d'offres et une véritable opportunité de création d'emplois sur leurs sites d'exploitations respectifs. La première société minière Anglogold Ashanti est déterminée à poursuivre les différents programmes de développements locaux destinés à soutenir l'économie locale, afin de réduire la pauvreté des populations. • Africa to play big role in copper market -Rio Tinto LONDON Oct 13 (Reuters) - Africa has the potential to play a significant part in satisfying what is expected to be strong medium-term growth in global copper demand, Rio Tinto (RIO.L: Quote) (RIO.AX: Quote) said on Wednesday. "The medium term outlook is quite positive. There's a very strong picture on demand, supply looks like it's going to continue to be constrained," Andrew Harding, CEO Rio Tinto Copper told delegates at Metal Bulletin's African Copper conference in London. "African copper will play a pretty significant part in the global future for the industry," he added. African copper deposits tend to be high grade -- around one-fifth of all global resources with a grade of over 1.0 percent copper are in the region, Harding said. They also have valuable by-products. Harding said copper output in the region could rise from around 1.2 million tonnes to nearly 3.0 million by 2015. Production from Africa is needed due to several factors, including falling ore grades in some of the world's major mines. Also, new deposits are being found at increasingly greater depths, while some existing mines are moving underground. This brings with it technical difficulties and higher operating costs. But Harding said the tight supply outlook could change quite dramatically if there was a breakthrough in leaching technology, particularly of low grade ore. In Africa, Rio Tinto owns a 57 percent stake in the Palabora operations in South Africa, which produce around 80,000 tonnes per year of copper. The company uses Palabora as the base for its exploration in Africa. "Africa offers great opportunities, but also great challenges," Harding said, citing factors such as governance, legislation and infrastructure. (Reporting by Karen Norton; editing by Anthony Barker) Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 3 • BHP-Rio joint venture falls foul of German watchdog GERMANY'S competition regulator has hammered another nail into the coffin of BHP Billiton and Rio Tinto's $US116 billion iron ore joint venture. The German Federal Cartel Office said in a statement its current intention was to block the joint venture but that it would provide a formal notification next week. The signal provides further evidence that the European Commission will not allow the deal to go ahead. The EC is understood to have significant misgivings about the merger. In a joint statement BHP and Rio expressed their ''disappointment'' at the announcement by the German watchdog: ''The parties continue to believe that the joint venture is pro-competitive and will increase the supply of iron ore. However, both BHP Billiton and Rio Tinto acknowledge the concerns expressed by some regulators and the obstacles to achieving clearance for the joint venture. No decision about next steps have been taken at this stage while regulatory discussions continue.'' While no ''final decisions'' have been made, the Herald last week revealed private conversations at a Rio board meeting in which directors discussed how to break the news to BHP that it was keen to walk away. ''I think with regard to the JV and why it didn't succeed … we should simply work on the basis that both parties worked well and in good faith to make this thing work and both parties agreed, simultaneously, it wasn't possible,'' Rio's chairman, Jan du Plessis, told directors. At that board meeting, held via teleconference, the Rio director Mike Fitzpatrick also raised the possibility of shifting focus to ''Plan B''. That involves a non-binding deal signed in June by the West Australian government, BHP and Rio to share infrastructure and blend ore. In response to the Herald's story, Rio revealed that it had also struck ''obstacles'' with Japanese and Korean regulators. In August, BusinessDay reported mining executives as saying that the proposal had ''died months ago'' and the coffin was ''being lowered''. www.smh.com.au • Mega miner in Zambia with African Rainbow Minerals Vale, the world's No 2 miner, further spreads its rapidly growing African wings with the build launch yesterday of the Konkola North copper mine, with partner ARM. Author: Barry Sergeant JOHANNESBURG - Johannesburg-listed African Rainbow Minerals (ARM) Thursday launched with its 50:50 joint venture partner Vale, the world's No 2 miner by value, the build of the Konkola North copper mine in Zambia, extending ARM's reach into the Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 4 continent from South Africa, and confirming again that Vale has big ambitions on the continent. The project's capital expenditure is put at about USD 400m, with production set to reach full capacity in 2015. Estimated nominal capacity is 45,000 tonnes a year of copper in concentrate, to be toll smelted in Zambia, Africa's biggest copper miner. Expected mine life is 28 years, with potential to increase output to 100,000 tonnes a year from 2020. Confirming the Konkola North build in August, Vale said its investment "will be leveraged by Vale's extensive track record in developing successful large-scale mining projects in tropical environments. The project development is consistent with our goal to become one of the largest copper producers in the world". The investment also reflects the kind of integrated logistics strategy Vale knows so well from its northern iron ore system in Brazil. In September, Vale said it had exercised an option to buy a 51% stake in Sociedade de Desenvolvimento do Corredor do Norte SA (SDCN), owned by the Mozambican company Insitec. The transaction was seen as enabling "the necessary logistics infrastructure for transporting the output from the second phase of the Moatize coal project (Moatize II) development". Moatize, in north eastern Mozambique, is a coal deposit with proven and probable reserves of 1.087bn tonnes. Moatize I has a nominal production capacity estimated at 11m tonnes of coal, 80% metallurgical, with start up expected during the first half of 2011. Capital expenditure has been put by Vale at USD 1.7bn. In the first phase at Moatize, coal will be transported by the Linha do Sena railway to the Beira port. SDCN controls the Corredor de Desenvolvimento do Norte (CDN) and the Central East African Railways (CEAR). CDN holds a concession over 872km of railroad in Mozambique; CEAR holds a concession over 797km of railroad in Malawi. The CDN and CEAR rail systems are connected near the mineral region of Moatize, in the province of Tete. Australia-listed Riversdale Mining is also busy in the region with a big potential coal mine build, as are ENRC, Nippon Steel, Jindal and ETAStar. Vale aims to build on the logistics infrastructure, seen as "an excellent alternative for transporting to the east coast of Africa from the copper belt of Zambia", which includes of course, Konkola North. The rail system is also seen as useful for Vale's Evate phosphate rock project in Mozambique, and other cargo from Zambia-MalawiMozambique. Vale is to further invest in the Nacala (Mozambique) logistics corridor, through the construction of railway links needed to ensure transport of production from Moatize. Vale will also invest in the new deep water maritime terminal in Nacala. These plans are seen as "an integrated part of Vale's strategy to build efficient logistics infrastructure to support the growth of its activities with high potential for value creation". Vale has so far restrained itself from involvement in the Democratic Republic of the Congo, which hosts its section of the central African copper belt across the Zambian border, in Katanga Province. The biggest copper belt miner, Toronto- and London-listed First Quantum, is currently involved in disputes on the DRC side of the border. Both the DRC and also units of London-listed ENRC are defending arbitration and litigation actions initiated by First Quantum. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 5 First Quantum Thursday announced, in effect, the go-ahead for the Sentinel copper mine build in Zambia, giving a further thumbs up for mining security of tenure in the country. In a statement, First Quantum said on Sentinel that "based on our experience with other development projects", it expects the capital cost to develop, including the necessary infrastructure, to be in the range of USD 600m to USD 800m, but indicated that a larger investment could be on the cards. In West Africa, Vale recently entered into contracts with the government of Liberia for the construction of an integrated railway-port system for transporting the proposed moving of iron ore from Simandou, in Guinea. On 30 April Vale agreed to pay USD 2.5bn for a 51% stake in BSG Resources Guinea, which apparently holds rights to blocks 1 and 2 in the Simandou iron ore system, Guinea. Simandou is now recognised as one of the most important mineral discoveries of the decade. Rio Tinto, which discovered Simandou in 2004, had claimed a 95% stake in all four Simandou blocks, seemingly until December 2008, when soldiers took Guinea over. The country is reverting to democracy. Rio Tinto has strongly asserted that its rights at Simandou have remained intact. www.mineweb.com • Nickel production marginally worldwide forecast to rise Global nickel consumption is forecast to increase to around 1.3 Mt in calendar 2010, reflecting an expected rapid recovery in consumption in Asia and forecast moderate growth in Europe and North and South America, according to market analyst group Intierra. Addressing the Paydirt 2010 Australian Nickel Conference in Perth, Intierra Resource Intelligence’s Commercial Director, Gregory Kay, said the modest 2010 growth outlook, compared to the 2009 result when world nickel consumption declined by an estimated 8% to 1.2 Mt. “However, as a result of significant increases in nickel prices between mid-2003 and mid-2007, a number of stainless steel producers substituted other less expensive input materials such as manganese for nickel,” Kay said. Despite a significant decline in nickel prices, many stainless steel producers have not yet switched back to nickel in stainless steel production. “If this trend continues in the short term, it could limit any significant nickel demand growth, particularly in OECD economies.” Hesaid nickel consumption in Japan, Chinese Taipei, the US and the EU declined by more than one-third, and world consumption fell by 25% in the first two months of 2009, compared with the same period in 2008. Declining production of consumer durables, motor vehicles and industrial buildings contributed to lower stainless steel demand and falling stainless steel mill utilisation rates. Consumption also fell in China on a year on year basis, but by a comparatively moderate 7% over the same period. “In some applications such as hot water services, the current low nickel price has resulted in some substitution back to nickeliferous stainless steel. However, in other applications, for example in cutlery, substitution is yet to happen. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 6 “Consumption of nickel in developing Asia is expected to increase by around 10% in 2010, as economic growth recovers, particularly in applications where other grades of stainless steel are not as suitable such as in industrial kitchens. On nickel mine production, the Intierra forecaster said that whilst rapid declines in world nickel prices hade made production at some mines uneconomic, the major nickel mines had maintained production from 2008 levels. All major nickel producers, including the Russian Federation, Canada, Australia, Indonesia and New Caledonia have been affected by the closure or downsizing of mining operations. “In 2010, nickel mine production is expected to begin increasing in line with the forecast of a moderate rise in world prices. At these forecast prices, comparatively low cost mines are likely to begin restarting some or all of their capacity. As a result, production is forecast to increase by 6% to 1.4 Mt in 2010. “Refined production this calendar year is forecast to increase by around 9% to 1.3 Mt, as higher prices are expected to encourage higher outputs.” Refined nickel production in Australia is expected to increase by 5% to around 110,000 t. Kay said that despite mine closures, current rates of production of nickel ores and concentrates are expected to be sufficient to meet this forecast increase in production. At the same event, the global nickel lobby said the metal’s position as the world’s fourth largest and most innovative metal and major consumer product has reinforced its contribution to a sustainable future and should not be derailed by charges against it of toxicity in the workplace. Brussels-based Nickel Institute President, Stephen Barnett, said the industry had disputed and would continue to dispute any moves to classify soluable nickel compounds based on their carcinogen ratings. “A major animal study with nickel metal powder completed in 2008 showed no respiratory cancer after 24-months exposure to 1.6 MMAD nickel particles,” Barnett said. “An earlier but major oral carcinogenicity study with nickel sulphate hexahydrate did not show any systemic carcinogenicity. “We will continue to oppose any such negative classification for any nickel compounds where not supported by sound scientific data. There is inconsistent human refinery data and negative animal and mechanistic data. In terms of toxicological relevance, there are very strict safe work guidelines in place for mining and processing operations, particularly in relation to inhalation and to a lesser extent, skin contact.” Barnett said nickel remained an exceptionally unique metal, with more than 60% of output now being consumed in stainless steel production, and corrosion and heat resisting alloy applications. “It is fundamental to componentry in the power, chemical and petrochemical sectors, LNG tankage, electroplating, in superalloys in turbines, has contributed to aircraft fuel reduction, and is even used in sunglasses and earthquake protection measures,” he said. Nickel also has high intrinsic scrap value as most nickel-containing products have a long life, and 80% of such products in the European Union are collected and recycled at their end-of life.” www.im-mining.com Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 7 • San Jose rescue was an incredible success for Chile and for the mining industry at large At the San Jose mine near Copiapo in Chile all the miners have emerged, one by one, including those brave men who went underground yesterday to help with the extraction from 642 m below surface. The industry at large should view this as a great triumph. This, more than anything we have ever done over the last decades, had the general public interested in the mining industry. The incident has certainly shown mining engineers in a very positive, professional light. It also, inadvertently, contrasted the oil and mining industries, following so close after the drawn out BP oil spill fiasco. By comparison the mining industry got the job done without inordinate fuss and well ahead of the first estimates of completing the job - rescuing the men. Sadly the incident also attracted its fair share of ‘ambulance chasers’. Over the past weeks, International Mining was offered ‘expert’ comment from a number of companies not directy involved with the rescue including, yesterday, a firm of UK lawyers that apparently does not even have a South American office but was offering to comment on the miners’ employment rights. They should be disgusted in themselves. It is also a great thing for Chile. Not too many Europeans, or even North Americans, have had the pleasure of visiting that wonderful country. I have been amazed, but somewhat saddened, by the number of people who have said words to the effect of “well it’s Chile and the safety standards are probably not what they should be.” The safety standards in that mine were not what they should have been, but those not involved in the mining industry should be made aware that Chile’s mining industry is one of the most advanced in the world. Look no further than El Teniente, a few hundred kilometres to the south, which is one of the most automated, technologically advanced mines in the world. http://www.im-mining.com • DRC to lag Zambia in copper investment – First Quantum Zambia will continue to attract greater investment in the African Copperbelt than the Democratic Republic of Congo (DRC) until Congo is better able to enforce the rule of law, miner First Quantum Minerals said. "It (the Copperbelt) is a very large area containing enormous deposits," Clive Newall, president at First Quantum Minerals said at Metal Bulletin's African Copper Conference in London on Wednesday. "It is underdeveloped." "(But) the DRC will continue to struggle until the rule of law is enforced," he added. "It is all about the balance of risk and reward." The Canadian copper and gold miner has three court cases outstanding, two versus the DRC and one against units of Eurasian Natural Resources, relating to the withdrawal of two licences - Frontier and Kolwezi - in the DRC. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 8 It was stripped of the licences after the DRC said they had been illegally granted. The case concerning the cancellation of the Kolwezi copper project, the first of the three legal cases to be started, is expected to be concluded at the end of 2012. Newall, who was talking about the general outlook for African mining, declined to comment on First Quantum's legal disputes at the conference. "Just in the last years, it has become more difficult," Newall said on the DRC. "It's impossible not to go there for the industry." "Zambia has always been regarded as a relatively low risk environment," he added. "Zambia has continued to demonstrate that it is a very good place to invest. We are committed to the region and will continue to do so." Production in the Copperbelt region, encompassing Zambia and the DRC, had been ravaged for decades. But hopes for a turnaround grew around the start of the millennium and production has risen in recent years. Last year Zambian output reached 697,860 tonnes and is forecast to rise to 750,000 tonnes in 2010, a level last seen in 1973. A target of one million tonnes has been mooted for 2012. Zambia is Africa's largest copper producer. Newall said, however, that power supplies in Zambia will struggle to keep up with demand, while a 2008 mining law needed to be revised. Zambia in 2008 increased company income tax to 30 percent from 25 percent, raised mineral royalty from 0,6 percent to 3 percent, introduced a 25 percent windfall tax and separated hedging income from mining income for tax purposes. Following protests from mining companies, the government last year removed the windfall tax but kept the other taxes. Newall said that First Quantum had invested $1-billion to date in Zambia, and $1-billion in three mines in the DRC. First Quantum Minerals expects copper production to fall about 14 percent this year mainly as a result of losing its licence to mine at the Frontier operation in the Democratic Republic of Congo Edited by: Reuters • Chile's senate approves revamped mining royalty bill The bill, which still needs to pass in the lower house will see miners paying a royalty at 4 to 9% on mining sales on a sliding scale. It raises the royalty to 5 to 14% starting in 2018. SANTIAGO (Reuters) Chile's Senate on Tuesday approved a revamped bill to raise royalties on miners in the world's top copper producer to help fund post-quake reconstruction, Senate television showed. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 9 The bill still needs to pass in the lower house, where a commission has already approved the legislation. A government deal with opposition lawmakers helped clear the way in the Senate, where the legislation had been rejected before. Mining companies currently pay a royalty between 4 and 5 percent. The new bill initially sets the royalty at 4 to 9 percent on mining sales on a sliding scale. It raises the royalty to 5 to 14 percent starting in 2018. With the royalty change, the government aims to raise $1 billion over the next three years for reconstruction after a massive February earthquake. The new royalty cannot be forced on companies currently covered under a 12-year tax invariability clause signed in 2005, though the government hopes many major miners will adopt the new scheme. Chile's mining sector includes private multinationals BHP Billiton, Anglo American and Xstrata in addition to state copper giant Codelco. Analysts say a rise in Pinera's approval rating for his handling of a rescue bid to save 33 miners trapped deep inside a mine in far northern Chile could help the bill's passage. (Reporting by Fabian Cambero; Editing by Bernard Orr) • Diamond sales rise significantly, boost Botswana's trade account The country's trade account swung into surplus for the first time in 20 months after diamond exports rose 55% in June GABORONE (Reuters) Botswana's trade account swung into surplus for the first time in 20 months in June as sales of diamonds rose significantly, data showed on Monday. The Central Statistics Office said the trade account recorded a surplus of 202 million pula, with diamond exports up 55 percent in June to 2.61 billion pula compared to May. Total exports were at 3.48 billion pula compared with 3.28 billion pula earlier, generating the first trade surplus since September 2008. "The steep increase in exports coupled with the noticeable trade surplus could be a sign of recovery in exports which were seriously affected by the economic crunch," the CSO said. Botswana, the largest diamond producer in the world, was mired in a recession last year as diamonds exports -- which rake in 70 percent of its foreign exchange earnings -plunged. Officials expect Botswana's economy to grow by about 4.5 percent this year, much more conservative than the International Monetary Fund's estimate of 8.4 percent. Debswana, the joint mining company partnership between the government and the De Beers group, scaled down production from 33 million carats in 2008 to 17 million carats in 2009 as demand for luxury goods plummeted. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 10 The company, which, recently embarked on a long-term $3.4 billion expansion of its flagship Jwaneng mine, has increased its production target to 23 million carats, from an initial estimate of 20 million carats for this year. © Thomson Reuters 2010 All rights reserved • Caterpillar/Rio Tinto: five-year agreement for global supply of mining machines and services Caterpillar has agreed a five-year deal with leading international mining group, Rio Tinto, to support and supply a broad range of Cat® equipment to Rio Tinto mines worldwide. It is the second consecutive five-year agreement between the two companies, but expands to include the full range of Cat equipment. As part of this agreement Rio mine personnel, Cat dealers and Caterpillar employees will work collaboratively to improve machine and mine performance. “Rio Tinto has been and continues to be a valued customer, so we are thrilled to be expanding our products and services provided to them,” said Chris Curfman, President of the Caterpillar Global Mining Division. “The purchase, supply and support agreement will leverage the full range of Cat equipment and showcase the strengths of Cat mining dealers.” Some 90% of Rio Tinto’s assets are in Australia, North America and Europe. Additionally, the company has significant businesses in South America, Asia and southern Africa. The majority of the mines are open-pit operations and the majority of equipment supplied by Cat will be surface mining equipment, including large mining trucks, track-type tractors, large wheel loaders and motor graders. In June Caterpillar announced that it is accelerating capacity expansion plans for trucks in Decatur, Illinois, USA, with additional capacity expected to come on line beginning in 2011. The expansion in Decatur will increase truck capacity at the facility by nearly 30%. Decatur produces Caterpillar’s largest mining trucks, including the new 795F AC electric drive truck, the first AC electric truck ever manufactured by Caterpillar. Pre-production models of the 795F AC are being tested at a Rio Tinto mine. http://www.im-mining.com • Le sauvetage des mineurs rehausse l'image du Chili Le Chili et son président, le richissime Sebastian Pinera, devraient être les grands bénéficiaires, en termes d'image, du succès de l'opération de sauvetage des 33 mineurs bloqués sous terre. Déjà apprécié des investisseurs à la recherche d'opportunités dans une Amérique du Sud qui a en grande partie basculé à gauche, le Chili a vu sa réputation d'efficacité confirmée par la réussite totale, mercredi, d'une opération techniquement très compliquée. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 11 Sebastian Pinera, qui a fait fortune dans la carte de crédit et le transport aérien, est devenu en mars le premier président conservateur au pouvoir au Chili depuis une vingtaine d'années. "Le Chili n'est plus le même pays qu'il y a 69 jours", s'est-il félicité après avoir donné l'accolade à chaque mineur au fur et à mesure que la capsule "Phénix" les sortait des entrailles de la Terre. "Nous sommes davantage respectés". La phase finale de l'opération a pris moins de 24 heures après les semaines de forage nécessaires pour aménager un puits de près de 700 mètres de profondeur pour atteindre les mineurs. Elle a été suivie par des centaines de millions de téléspectateurs de par le monde et a déclenché une explosion de joie à travers tout le Chili. La cote de popularité de Pinera a atteint un nouveau sommet en août en raison de ses efforts pour délivrer les hommes, localisés 17 jours après l'éboulement qui les a bloqués au fond. Sa gestion de la crise l'a aidé à faire voter un projet de loi relevant les redevances dues par les compagnies minières afin de financer la reconstruction après le séisme dévastateur de février. Ce tremblement de terre et le manque de réactivité du précédent gouvernement de centre gauche, sur le départ au moment du séisme, avaient ébranlé la confiance des Chiliens. PROBLÈMES DE SÉCURITÉ Une nouvelle progression dans les sondages du président Pinera, qui est âgé de 60 ans, est désormais acquise. "Le sauvetage devrait avoir un effet très positif pour Pinera. On a vu un très grand sérieux en termes de patience, de planification et de ressources, ce qui montre que le Chili appartient au monde développé", note Walter Molano, directeur de la recherche chez BCP Sécurities à Greenwich (Connecticut). "Je ne sais pas si cela aura un impact immédiat sur les investissements, mais cela aura un impact durable sur la manière dont le monde perçoit le Chili", prédit-il. L'éboulement du 5 août dans la mine avait choqué le pays, premier producteur mondial de cuivre, en mettant l'accent sur les problèmes de sécurité, talon d'Achille de son secteur minier. Sebastian Pinera a licencié le responsable gouvernemental de ce secteur, pris des dispositions pour renforcer les mesures de sécurité obligatoires dans les mines de charbon du Sud aussi bien que dans celle de cuivre et d'or du désert d'Atacama, dans le Nord. Le président chilien a fait appel sans tarder à des experts de renommée mondiale, consultant la Nasa, l'agence spatiale américaine, et s'appuyant sur l'expérience de la Codelco, l'entreprise nationale d'exploitation du cuivre. Il en a résulté des prouesses technologiques qui ont permis de localiser avec précision les 33 mineurs, de les retrouver vivants en forant un puits de la taille d'un pamplemousse et de leur faire parvenir du ravitaillement. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 12 Le défi suivant a été d'élargir le puits pour y descendre une capsule juste assez grande pour accueillir un homme afin de remonter les mineurs à la surface, un à un. Le sauvetage a été salué par de nombreux dirigeants étrangers, du président Barack Obama au Vénézuélien Hugo Chavez, adversaire politique de Pinera, qui a téléphoné à son homologue chilien pour le féliciter. Pour Alberto Ramos, analyste chez Goldman Sachs, le Chili, qui était déjà un marché très attractif, a démontré à quel point il peut être bien organisé et efficace. L'opération de sauvetage a aussi permis à Pinera de montrer qu'il n'est pas seulement un homme d'affaires et un politicien habile, "mais elle lui a donné l'occasion de dévoiler son côté humain et sa compassion", souligne-t-il. www.lexpress.fr • Une sécurité "insuffisante"à la mine Le directeur général du Bureau international du travail (BIT), le Chilien Juan Somavia, a déploré mercredi que des "mesures de sécurité insuffisantes" soient à l'origine du drame qui a pris au piège les 33 mineurs chiliens à plus de 600 mètres de profondeur pendant plus de deux mois. "En tant que Directeur général du BIT et en tant que Chilien, je partage l'émotion de millions de personnes à travers le monde à la vue de ces héros revenus des entrailles de la terre", a dit le responsable de l'organisation onusienne, Juan Somavia, dans une déclaration écrite. "Nous ne pouvons oublier comment a débuté cette dramatique histoire: les mineurs sont restés pris au piège sous terre parce que les mesures de sécurité étaient insuffisantes", a-t-il toutefois déploré. Bloqués depuis 69 jours au fond de la mine San José, à la suite d'un éboulement survenu le 5 août, les mineurs ont commencé à retrouver l'air libre mercredi après une remontée de 622 mètres dans une nacelle étroite de 53 cm de diamètre. "Ce qu'ont vécu ces trente-trois mineurs chiliens aura peut-être avant tout servi à cela: que le monde entier se pose la question de savoir comment assurer plus de sécurité, plus de protection, plus de prévention", a conclu Juan Somavia. Selon les estimations du BIT, le secteur minier emploie près d'un pc de la main d'oeuvre dans le monde, mais compte, à lui seul, 8% des accidents mortels. (belgaà • Gabon: La part de l'Etat gabonais dans le capital de la Comilog passerait de 25,4 % à 35,4% Le quotidien l'Union a annoncé ce vendredi à la première page que la part du Gabon dans le capital de la Compagnie minière de l'Ogooué (COMILOG) pourrait passer de 25,4% à 35,4% au maximum d'ici à 2015. Le journal reprend un communiqué du groupe français Eramet publié jeudi et qui souligne que « Le groupe Eramet et la république gabonaise sont parvenus à un Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 13 accord sur les modalités et calendrier de la convention prévoyant le renforcement de la participation du Gabon au capital de la société COMILOG, détenu à ce jour à hauteur de 67,25% par Eramet et à 25,4% par la République gabonaise ». Le mois dernier, le président gabonais Ali Bongo Ondimba, avait annoncé que l'entrée du Gabon au capital d'Eramet se ferait à hauteur de 4 à 5% du capital. www.infosplusgabon.com/ • Mozambique: Une mine de charbon se trouverait sous l'aéroport Chingodzi au Mozambique L'aéroport Chingodzi de la ville de Tete, au nord-ouest du Mozambique, se trouverait sur un bassin de charbon minier. Selon la firme australienne Riversdale, détentrice de nombreuses concessions dans la région, il pourrait s'agir de la plus grosse réserve du pays. L'entreprise l'a annoncé officiellement jeudi 7 octobre, lors de la signature d'un mémorandum avec l'ADM, la société des aéroports du Mozambique. L'accord prévoit deux choses : d'abord l'étude du terrain pour définir la quantité exacte de charbon. Ensuite, une étude de viabilité pour définir un nouveau site où déménager l'aéroport. Riversdale affirme qu'elle prendra en charge une partie des frais de construction de la nouvelle infrastructure. Mais selon le directeur d'administration d'ADM, « on ne sait pas encore à quel montant tout cela va s'élever ». Pour l'aéroport, la pilule est amère. Depuis le début de l'année son trafic aérien avait augmenté de 27%. Trois ans de travaux viennent à peine de s'achever, pour lui permettre d'accueillir des lignes internationales. Climatisation, nouveau système radio, appareils de sécurité à rayons X, modernisation de la tour de contrôle, rien n'avait été oublié. Difficile cependant de lutter contre Riversdale et ses 22 concessions minières dans la région. Son exploitation de Benga devrait exporter 20 millions de tonnes de charbon d'ici 2016. Et Riversdale prévoit de créer près de 5 000 emplois. Une manne inespérée pour un pays où plus de la moitié de la population vit en dessous du seuil de pauvreté. http://www.rfi.fr/afrique • Burkina Faso: Le premier lingot d'or scintille Le Premier ministre Tertius Zongo et les responsables de la société minière IAMGOLD Essakane S.A, ont procédé à l'inauguration de la mine d'or d'Essakane le 7 octobre 2010. De nombreuses personnalités dont le ministre des Mines, des Carrières et de l'Energie, Abdoukader Cissé, ont assisté à la cérémonie inaugurale. Après 16 mois de travaux, le premier lingot d'or vient de scintiller à Essakane. Sixième mine d'or en activité au Burkina, la mine d'or d'Essakane s'étend sur une superficie de 1 283 km2. Elle est la plus grande du pays avec des ressources estimées à 130 tonnes. Sa durée d'exploitation est estimée à 12 ans voire plus. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 14 La compagnie canadienne IAMGOLD Corporation, promotrice du projet minier Essakane, dont elle détient 90% des parts et l'Etat burkinabè 10%, a investi 228 milliards de F CFA pour sortir de terre l'usine de production. Elle a aussi investi dans le social notamment, la construction de villages, d'écoles, de dispensaires et de forages à hauteur de 9,25 milliards de FCFA. L'inauguration de la mine d'or d'Eassakane constitue une nouvelle ère d'espoir pour les populations du Sahel. Les autorités de ladite région, en l'occurrence le gouverneur, Eloi Bambara et le maire de Gorom-Gorom, Moussa Diallo, l'ont si bien relevé. Pour eux, l'exploitation de la mine permettra d'améliorer les conditions de vie des habitants du Sahel. Grande était la joie des responsables de la société minière. Le président et chef de la direction par intérim d'IAMGOLD, Peter C. Jones, s'est dit heureux de voir l'usine de production sur pied. Il a souligné l'importance de cette mine pour ses exploitants mais aussi pour le Burkina. Pour le vice-président Exploitations Afrique d'IAMGOLD, Brian Chandler, le rêve est devenu une réalité. Selon ses dires, le projet a démarré il y a plus de deux ans et a été livré 6 mois plus tôt que prévu. Le coût total est de 228 milliards de F CFA, a-t-il précisé. La première phase de la construction de la mine a nécessité une main d'oeuvre de 3 055 employés locaux. La réinstallation de nouveaux villages a entraîné la construction de 2 300 bâtiments pour offrir aux habitants, des habitations décentes, un accès à l'eau potable et une éducation améliorée, a-t-il dit. Il a évoqué une probable extension de la mine qui pourrait renforcer l'économie du Burkina. Brian Chandler a soutenu que les mesures sécuritaires font partie de leurs préoccupations majeures. Il a, au nom des exploitants, traduit sa reconnaissance au gouvernement burkinabè qui a permis à la société de s'installer et de pouvoir mener ses activités dans la stabilité. Il a aussi dit merci au président-directeur général sortant d'IAMGOLD Essakane SA, Charles Taschereau. Il a confié qu'avec le nouveau DG, Langis St Pierre, l'avenir semble prometteur car les chiffres font état de 1 500 emplois. Pour sa part, le ministre des Mines, des Carrières et de l'Energie, Abdoukader Cissé, a confié que l'or est devenu depuis 2009, le premier produit d'exploitation du Burkina. La mine d'Essakane permettra au Burkina, a-t-il dit, d'accroître ses capacités de production. Ce qui lui permet de pouvoir s'endetter pour son développement. 240 milliards pour le Trésor public Elle apportera également des recettes au Trésor public au titre des taxes, impôts et royalties à hauteur de 240 milliards de F CFA durant la période d'exploitation et contribuera au développement local. Selon le ministre Cissé, outre la réalisation d'infrastructures socio-économiques au bénéfice des populations riveraines de la mine, la société minière a formé plus de 600 jeunes dans divers métiers. Il a invité la société Essakane SA au respect strict des us et coutumes des populations riveraines et des engagements pris lors de l'enquête publique. Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 15 Quant au ministère des mines et celui de l'environnement, ils veilleront a-t-il indiqué, au strict respect du programme de gestion et de réhabilitation de l'environnement. Il a exhorté la société minière à continuer la recherche afin de trouver des ressources additionnelles qui vont prolonger davantage la durée d'exploitation de la mine. La visite des installations minières, la présentation du lingot d'or au Premier ministre et la signature du livre d'or par celui-ci ont constitué les derniers actes de la cérémonie. www.lepays.bf/ • Embattled NITEL finally finds a buyer NITEL Head Office, Lagos, Nigeria A consortium led by Dubai's Minerva Group has finally acquired a 75% stake in Nigeria's state-owned telecom operator, Nitel. According to the Middle East technology news provider itp.net, the Nigerian government has approved the $2,5 billion sale to New Generation Telecommunications consortium. The consortium, which includes Dubai's Minerva Group, China Unicom and Nigeria's GiCell Wireless Ltd, is expected to pay an initial amount of $750 million and settle the deal within 60 days, this according to a statement released by Nigeria's Bureau of Public Enterprises. The Nigerian government will also sell a bonds to pay outstanding wages to Nitel's employees. The consortium started the race for the incumbent Nigerian fixed line operator eight months ago, winning the bid in February. The process was then delayed owing to confusion about China Unicom's involvement and concerns about the valuation of Nitel. Nigeria has a current population of 150 million and a low mobile penetration rate of 43% Performances Veille © 2010 Performances MC - www.performancesconsulting.com - Tous droits réservés 16