MINING REVIEW / 05 NOVEMBER 2018 - 09.04 / STAFF REPORTER
On Friday, 2 November 2018, South African coal miner Canyon Coal successfully opened its Khanye colliery with a blast following a detonation procedure led by Mineral Resources Minister Gwede Mantashe in Bronkhorstspruit.
The blast occurred after Mantashe, Canyon Coal MD Vuslat Bayoglu, and other stakeholders pressed detonators linked to the explosives on the mine site. Guests watched live images of the blast from a big screen where the ceremony was held under a marquee.
Mantashe also unveiled the Khanye colliery plaque. In his keynote address, Mantashe emphasised the importance of investors speaking positively about the mining sector in South Africa.
He said the mining sector had to improve productivity.
"We have to produce optimally. We have resources we are not using, mines that are not being mined. We must improve productivity. That's why I'm excited by the presentation about your plans," Mantashe said, referring to Canyon Coal's investment plans.
He praised Canyon for its plans to ramp up production. Canyon director Rudzani Mudogwa, whose company Kalyana Resources is an empowerment partner, provided a high-level presentation about Canyon’s plans, including Khanye operations. Khanye has reserves of about 39 Mt with an estimated life span of 15 years. Canyon is also completing a processing plant on the mine.
Daniel Jaeggi, president of Mercuria, a Swiss based company and investment partner of Canyon Coal, said, "We are pleased that there is stability now in the mining sector. When I discuss with people abroad, I share with them the enthusiasm about South Africa. I hope this will help with President Cyril Ramaphosa’s agenda on economic recovery."
Swiss ambassador Helene Budlinger-Artieda hailed the opening of Khanye saying it was an indication of good relations between South Africa and Switzerland. She praised the role Canyon Coal plays in boosting small businesses by procuring goods from them. She encouraged the company to do more, saying Switzerland’s economy was dominated by small businesses.
She also recognised Canyon’s participation in Better Coal, a voluntary international organisation that promotes responsible and ethical mining.
Prince George Mahlangu, who represented the traditional authority, said the mining would help alleviate poverty in the area by providing jobs. It was important for Canyon continue engaging with the local community to ensure sustainable mining and community stability.
Bayoglu said he was pleased with the new mining charter because it provided a "win win" situation for all stakeholders.
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER