Subject: Fw: Emailing: index You may like to add this. The excavation is about to start.
From: "Lylie Musgrave" <[email-masked]>
To: "Mike Carnegie" <[email-masked]>
Date: Mon, 14 Aug 2006 11:50:28 +0200

Business Report - Old axe may chop mine plan
----- Original Message ----- 
From: Lylie Musgrave 
To: Lylie Musgrave 
Sent: Monday, August 14, 2006 11:44 AM
Subject: Emailing: index

                 

                  ONLINE EDITION BY IOL  

       Article Search 

     
                    a..  Home

                    b..  Print Edition

                    c..  Opinion/ Analysis

                      a..  Opinion/ Analysis Home
                             - 47 Sauer Street
                             - Trading Agenda
                             - What's the deal?
                             - Director's dealings
                             - Straight No Chaser
                             - Inside Business
                             - Inside Statistics
                             - Inside Labour
                             - Close Encounter
                             - Black Jack
                             - The week in review
                             - Cornering the Market
                             - Inside Parliament
                             - Business Watch
                             - Features
                             - Personal View
                             - Letters
                             - The Diary
                             - Business Calendar
                             - Hacking IT

                    d..  News

                    e..  Company News

                    f..  Markets

                      a..  Markets Home
                             - South Africa
                             - International
                             - Rands & Bonds
                             - Market Feature

                    g..  International

                    a..  About BR 

                      a..  - About Us 
                             - Contact Us 
                             - Online Advertising 
                             - Terms & Conditions  

                 
                 
                   Free Newsletter 
                   Subscribe Now  
                 
                    a..  Features

                      a..  - Businessmap Awards  

                 
                    a..  Market Indicators

                    b..  Top 10 Stories

                    c..  News by Sector

                      a..  News by Sector Home
                             - Economy
                             - Finance
                             - Labour
                             - Mining
                             - Property
                             - Technology

                    d..  Free Newsletter

                    e..  Financial Tools

                    f..  Currency Converter

                    g..  Su Doku

                    h..  Other sites 

                      a..  - IOL Dating
                             - IOL Entertainment
                             - IOL HIV Aids
                             - IOL Jobs
                             - IOL Motoring
                             - IOL News
                             - IOL Parenting
                             - IOL Sport
                             - IOL Travel
                             - IOL Technology
                             - Personal Finance  

                    i..  Mobile

                      a..  - IOL on your phone
                             - Cellphone Fun
                             - Mobile Games

                    j..  Newspapers

                      a..  - Subscriptions
                             - Cape Argus 
                             - Cape Times
                             - Daily News 
                             - Isolezwe
                             - Post 
                             - Pretoria News 
                             - Sun. Independent 
                             - Sunday Tribune
                             - The Independent on    Saturday
                             - The Mercury 
                             - The Star 

                 

           
     
        Proudly searching South African websites 

     
             HOME  
                  Old axe may chop mine plan 
                  November 20, 2005

                  By Samantha Enslin

                  Durban - A significant archeological find on Transkei's Wild Coast may delay, if not halt, the proposed mining in the area by Australian company Mineral Commodities.

                  The SA Heritage Resource Agency is expected to grant a three- to five-year excavating permit to Kathleen Kuman, of the University of the Witwatersrand's archaeology department, who lectures in Stone Age archaeology.

                  Kuman said on Friday: "I hope the excavations will delay the mining as these sites need to be investigated. In terms of law every archeological site needs to be investigated. This particular site is important because it is so rare."

                  The Sangoan artefacts could be dated back to about 300 000 years ago. Kuman is excavating a Sangoan site in Limpopo. Other Sangoan sites have been discovered in central and east Africa.

                  The Sangoan period is a transitional period between the earlier and middle Stone Ages when a new modern people began to inhabit challenging environments, Kuman said.

                  The surface find on the Wild Coast includes stone artefacts and fossil antelope teeth, which is potentially very significant. Animal bones could provide information on the climate during this period and therefore the conditions in which the Sangoan people lived, as well as help to date the site.

                  The exact location of the find is not being disclosed for fear that the site may be plundered, but it is in the same area as the proposed mining.

                  Archaeologist Chrissie Sievers said: "Archaeologists try to compromise because we realise development is important. However, archaeology is a non-renewable resource and whether or not mining goes ahead depends on the significance of the find. If this site is on a par with for example Great Zimbabwe there is no way it can be destroyed."

                  The controversial mining project along 22km of coastline in Xolobeni in Pondoland is about 200km south of Durban. 

                  Environmentalists have opposed the mining on the grounds that the mining, which has a life span of about 20 years, will destroy the dunes. Tourism, in their view, has greater potential for long-term sustainable development. 

                  It was recently decided that a Wild Coast national park was to be created, but the boundaries have not yet been determined or disclosed.

                  Cathy Kay, a co-ordinator for the Save the Wild Coast Campaign, said: "We have always said that this is a unique and very special area."

                  However, those in favour of the mine say the environment is being threatened by impoverished communities destroying vegetation for firewood. About 170 jobs would be provided by the mine. 

                  Last week Mineral Commodities' South African subsidiary, MRC Resources, announced a deal with black empowerment business Ehlobo Heavy Minerals.

                  Alistair Ruiters, the former director-general of trade and industry, and Rafique Bagus, the former head of Trade and Investment SA, manage Ehlobo.

                  Ehlobo plans to buy a 50.1 percent interest in MRC Resources for R10 million, of which R8 million will be paid once mining rights have been granted. The investment is subject to Ehlobo completing a due diligence. 

                  Pieter Cilliers, Ehlobo's legal representative, said: "We are not aware of the archaeological find, but of course it will be a concern to us if it comes out during the due diligence and delays or hinders mining."

                  Mark Caruso, the managing director of Mineral Commodities, did not respond to phone calls.

                  The Xolobeni mining project has prospecting rights where Mineral Commodities has identified 346 million tons of sand containing 9 million tons of ilmenite, the feedstock for titanium slag production. This made it the 10th-largest mineral sands resource in the world, Mineral Commodities said. Ehlobo will also invest R35 million in capital expenditure in the project.

                  The deal with Ehlobo will give MRC Resources the required empowerment credentials to obtain mining rights. MRC also has prospecting rights for the Tormin Mineral Sands project, located about 400km north of Cape Town, a project in which Ehlobo will also have an interest. 

                  Approval for mining is dependent on an environmental impact assessment that will evaluate the area's cultural heritage.

           

            
      BUSINESS SERVICES 
                 Accommodation: Hotels, B&Bs 
                 Blacklisted? 
                 Books - Music - DVD's 
                 Car Hire 
                 Car Insurance 
                 Car Insurance for Women 
                 Cars Online 
                 Casino 
                 Cellphones 
                 Competition 
                 Flight Bookings 
                 Home Loans 
                 Life Insurance 
                 Medical Aid 
                 Number Portability 
                 Online Auctions 
                 Online Shopping 
                 Play Poker Online 
                 Residential Property 
                 Search Engine Marketing 
                 Vehicle & Asset Finance 
                 Web Hosting 
                 Win UK Lotteries 

            MOBILE SERVICES 
                  Get Business Headlines & Indicators
                   on your phone - dial *120*IOL*5#
                   Click here to find out more (SA only) 

      More HOME stories
            Netcare may get NHS contracts in UK 
            Cosatu quiet on reports of war at home 
            Rand stands still as it scans market horizon 
            Shoprite workers' picket continues 

      News

                  Cosatu quiet on reports of war at home 
                  SA may get new chemical plant 
                  Shoprite workers' picket continues 
                  Pick 'n Pay chief living in the fast lane 

      Markets

                  Rand stands still as it scans market horizon 
                  Mining and telecoms stocks benefit from improved sentiment 
                  Wall Street - August 14, 2006 
                  Rand and Bonds - August 14, 2006 

      Technology

                  The AP, Google reach deal news 
                  Standard Bank cracks online fraud syndicate 
                  Microsoft looks to China for partnerships 
                  US laws on Internet crime catch up with 'botmaster' 

      Company News

                  JD Group lifts PC sales at discount chains 44% 
                  Disney stands by Gibson film 
                  US agency gives eThekwini grant for a power revamp 
                  Standard Chartered to expand 

      International

                  Iran and Iraq in oil trade deal 
                  Car makers to step up the hybrid vehicle race 
                  Beware a stronger euro - minister 
                  War to cut Israel's economic growth 

     
                         OPINION/ ANALYSIS 

                 
                    Inside Parliament
                  A new age in the oversight role of MPs is likely to rattle the cages of department heads
                  We hear a lot right now about the "oversight role" of parliament. I suppose it is to do with the fact that the main function of a parliament is to pass legislation and after the first few years of changing the legal landscape of this country the legislators found themselves with a good deal less to do, except to pass tidying-up laws. Around half of the new bills currently before parliament are amendment bills, bringing earlier laws up to date.[Full Story...]

                    Trading Agenda
                  Knowing your real best interests pays off
                  In a world where people are prepared to blow themselves and others into oblivion in the name of God, it's reassuring that there are others who think of nothing but money.[Full Story...]

                    Opinion/ Analysis
                  Grand Parade seems to be winning its share battle
                  Grand Parade Investments (GPI), a black-owned consortium that has a 19 percent stake in SunWest's GrandWest casino, is keen to increase its stake in the casino and will issue 12.6 million shares at R6.50 a share to new corporate investors and existing shareholders.[Full Story...]

                 
           
            More Opinion & Analysis stories 

                         NEWS BY SECTOR 

                 
                    Finance
                  SNO signs agreement to access intercity network
                  The second national operator (SNO), which will compete with Telkom, had been given access to an intercity communication network following the signing of an agreement on Friday, it said.[Full Story...]

                    Finance
                  50m blogs tracked last month
                  Fifty million blogs, which are online multimedia journals, were tracked on the internet last month.[Full Story...]

                    Finance
                  Nando's in outsaucing deal
                  Nando's, the maker of hot flamed grilled chicken, has outsourced its sauce production in a joint venture with global sauce maker McCormick, which will double Nando's marinade, basting and sauce volumes to 12 million tons a year to keep pace with the group's growth.[Full Story...]

                    Finance
                  BAE awards R138m contract to Aerosud
                  Aerosud, the privately owned aircraft components and aerostructure producer, has been awarded a R137.7 million contract by global aerospace and defence group BAE Systems to produce components for one of the most advanced combat aircraft.[Full Story...]

                    Economy
                  A family business with ambitious plans
                  Six years ago, six brothers and a sister started a logistics firm from a Cape Town suburban backyard office with R140 000 and a second-hand truck.[Full Story...]

                 
           
            More Sector Reports stories  

      Today's Quote
            "We are looking at security queues being considerably longer and time is money for businessmen" Who said that?

            Business Forum
            Got the latest inside info on business? Tell everyone about it on our forum

            Former cabinet minister Penuall Maduna, who quit politics for business three years ago, revealed to Business Report why he is so cagey about his portfolio.

     

            RSS Feeds  |  Free IOL Headlines  |  Newsletters  |  IOL on your phone

             ©2006 Business Report & Independent Online (Pty) Ltd. All rights reserved.
            Reliance on the information this site contains is at your own risk. Please read our Terms and Conditions of Use and Privacy Policy.