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Chrome News

Difficulties continue for Afarak in Q3

By: Simone Liedtke     16th November 2018 Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further,... 

Eastplats retreatment project remains on track

By: Simone Liedtke     14th November 2018 Dual-listed Eastern Platinum (Eastplats) expects to start revenue-producing operations at the retreatment project at its Crocodile River mine, in the North West, in the fourth quarter of this year. The dual-listed company has, over the course of this year, focused on the construction of the... 

Afarak will not dismiss board, launches voluntary shareholder buyout

By: Marleny Arnoldi     12th November 2018 LSE-listed specialty alloy producer Afarak Group has resolved to not appoint a new board of directors, following a request by shareholders, who hold a collective 11.09% of shares, to dismiss the company’s board. The shareholders’ request, submitted in August, followed after the Finnish... 

DMR gives the green light for Afarak’s Zeerust chrome mine

By: Marleny Arnoldi     26th October 2018 Aim-listed Afarak Group has been granted a Section 11 approval for its Zeerust chrome mine, by the Department of Mineral Resources (DMR), and preparations are under way to start operations during the fourth quarter. The Section 11 approval allows Afarak to start mining and to secure an... 

Merafe Resources says output from joint venture with Glencore up 20%

By: African News Agency      19th October 2018 Mining company Merafe Resources said on Friday its ferrochrome production from the Glencore Merafe Chrome Venture for the third quarter ended 30 September 2018 increased by 20% to 84 000 t compared with the same period in 2017. Merafe said the increase was as a result of less planned maintenance... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Amid falling platinum prices, PGM miners upping  chrome ore production to improve profitability

Jubilee reports solid Q3 performance, growing demand

By: Simone Liedtke     17th October 2018 AltX- and Aim-listed Jubilee Metals has seen a growing demand from both small and global mining companies wanting to work with Jubilee to access the metals available in mine waste, CEO Leon Coetzer said on Wednesday. This statement comes amid the diversified metals recovery company having... 

Geological, sampling programmes start at ABM’s Côte d’Ivoire project

By: Marleny Arnoldi     16th October 2018 Aim-listed African Battery Metals (ABM) has started geological work on its recently acquired 380 square kilometre Lizetta II nickel/cobalt/chrome exploration project, in Côte d’Ivoire. ABM commissioned a site visit by a technical team to prepare for a structured field exploration programme, the... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Mining Indaba intensely focused on driving capital into African mining
Investing in African Mining Indaba MD Alex Grose spoke to Mining Weekly Online’s Martin Creamer about the upcoming event. Video, Video Editing and Photographs: Darlene Creamer

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Plea for govt to awaken to massive economic potential of mining
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer on South Africa’s massive mining opportunity loss. Video, Video Editing and Photographs: Christo Greyling.

Commission recommends tribunal approve RPM buyout of Mototolo

By: Marleny Arnoldi     10th October 2018 The Competition Commission has recommended to the Competition Tribunal that it approve Rustenburg Platinum Mines’ (RPM’s) acquisition of the Mototolo Joint Venture (Mototolo JV) and the movable assets of the Mototolo chrome recovery circuit. The commission found that the proposed transaction... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Chinese delegation to witness proudly South African logging system
Samcodes Standards Committee chairperson Matt Mullins interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Tharisa on track to meet 2020 targets after record FY18 production

By: Marleny Arnoldi     8th October 2018 The financial year ended September 30 bode well for JSE- and LSE-listed platinum group metals (PGMs) and chrome miner Tharisa Minerals, with record production from its Tharisa mine, in South Africa’s Bushveld Complex, record high recovery rates and a best-in-class safety accolade. “The... 

Tharisa on track to meet 2020 targets after record FY18 production
Tharisa CEO Phoevos Pouroulis

Chinese delegation to study South Africa’s mineral codes

By: Martin Creamer     2nd October 2018 South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing. South Africa’s Samcodes Standards Committee (SSC) will... 

Chinese delegation to study South Africa’s mineral codes
Photo by Creamer Media
Samcodes Standards Committee chairperson Matt Mullins

2018 ‘challenging’ for South African mining companies – PwC

By: Marleny Arnoldi     2nd October 2018 The 12 months to June 30 proved to be a challenging year for South African mining companies, in contrast with the global mining industry, which achieved a considerable improvement in financial performance compared with the prior year. PwC on Tuesday released the tenth edition of its ‘SA Mine... 

2018 ‘challenging’ for South African mining companies – PwC
PwC energy and mining assurance partner Andries Rossouw

Mitak liners improve overall performance

By: Nadine James     28th September 2018 Johannesburg-based high chrome white irons (HCWI) foundry Mitak produces hard-wearing, abrasion resistant mill and ore-chute linings that can improve the life and grinding-performance of mills, and assist in meeting Mining Charter III local procurement obligations, says Mitak business development... 

Mitak liners improve overall performance
Photo by Creamer Media
GRAHAM ANDERSON & KEVIN KEELING Mitak has the ability to reverse engineer existing liners using laser and optical technology

Ramaphosa moves to revitalise mining, create certainty

By: Martin Creamer     21st September 2018 It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan... 

Ramaphosa moves to revitalise mining, create certainty
President Cyril Ramaphosa

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

By: Dylan Slater     21st September 2018 The South African mining industry, once the backbone of economic growth, intensive job creation and development, is declining constantly, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods. A key pillar of improving mining... 

Focus turns to nonexplosives-based rock breaking as quest for safer, more-efficient mining intensifies

Tharisa to embark on £3.2m exploration programme prior to Salene acquisition decision

By: Marleny Arnoldi     18th September 2018 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa Minerals has restructured its transaction with Leto Settlement Trust for the acquisition of 90% of the Salene Chrome Zimbabwe prospect. Tharisa has been granted a call option to acquire a 90% shareholding in Salene,... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats 

By: Martin Creamer     13th September 2018 Platinum mining company Impala Platinum (Implats), which is collaborating closely with the South African government to preserve jobs at the heavily lossmaking Impala Rustenburg operation, is also working in very close cooperation with the government of Zimbabwe, where it has secured major tax... 

Strong new collaboration with governments of South Africa, Zimbabwe – Implats
Implats CEO Nico Muller interviewed by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer.

Manganese takes pole position in ARM’s earnings surge

By: Martin Creamer     10th September 2018 Manganese formed the backbone of the earnings performance of diversified mining company African Rainbow Minerals (ARM) in the 12 months to June 30, delivering 64% of the headline earnings, at R1.9-billion, and helping the company move into a strong net cash position by recording the best margin.... 

Manganese takes pole position in ARM’s earnings surge
Photo by Creamer Media Chief Photographer Dylan Slater
African Rainbow Minerals CEO Mike Schmidt

R2.7bn approved for Gloria project – Assore

By: Martin Creamer     7th September 2018 Capital expenditure (capex) of R2.7-billion has been approved for the modernisation and optimisation of Assmang’s Gloria Manganese Mine at Black Rock in the Northern Cape, Assore CEO Charles Walters told Mining Weekly Online on Thursday. Assore owns 50% of Assmang, which it controls jointly with... 

R2.7bn approved for Gloria project – Assore
Black Rock Manganese Mine in Northern Cape.

Services group gains agencies, boosts offering

By: Halima Frost     7th September 2018 Vereeniging-based furnace and industrial services provider Dickinson Group of Companies has been appointed as an agent for Danish chemical industry company Haldor Topsoe in Namibia, Zambia and the Democratic Republic of Congo (DRC). Dickinson Group will promote, sell and strategically warehouse... 

Services group gains agencies, boosts offering
HANDLING THE LOAD Dickinson Group's state-of-the-art heavy duty vacuum truck is used for catalyst handling

Manganese star performer, more stability in iron-ore price – Assore

By: Martin Creamer     6th September 2018 Manganese was the star performer for diversified mining company Assore in the 12 months to June 30, when the Johannesburg Stock Exchange-listed record-performer experienced greater stability in iron-ore pricing but also chrome price volatility caused by global tariff uncertainty. In reporting... 

Manganese star performer, more stability in iron-ore price – Assore
Photo by Creamer Media
Assore CEO Charles Walters

Assore posts record sales, output, earnings, dividend

By: Martin Creamer     6th September 2018 Diversified mining company Assore on Thursday posted record-upon-record in what has been an outstanding 12 months for the JSE-listed chrome ore, manganese ore and iron-ore producer that also bettered its lost time injury frequency rate in the period but sadly suffered a fatality. The 12 months to... 

Assore posts record sales, output, earnings, dividend
Assore CEO Charles Walters

Treasury must abandon carbon tax plan in light of IRP

By: Martin Creamer     4th September 2018 National Treasury must abandon its plans to introduce carbon tax, which will result in the closure of smelters at a time of desperate need for job retention and export promotion. This is the consensus of opinion canvassed by Mining Weekly Online following last Friday’s release of the Integrated... 

Treasury must abandon carbon tax plan in light of IRP

Eastplats completes framework agreement with Union Goal

By: Simone Liedtke     4th September 2018 Following the fulfilment of the conditions precedent regarding the Union Goal Offshore Solution framework agreement for the Barplats Zandfontein upper group two (UG2) tailings facility, in South Africa, JSE- and TSX-listed Eastern Platinum (Eastplats) continues the construction phase of the... 

Bauba optimistic for FY2019, despite potentially weaker chrome market

By: Simone Liedtke     30th August 2018 JSE-listed Bauba is optimistic about prospects for the 2019 financial year, despite the possibility of a weaker chrome market. Commenting on the chrome producer’s results for the 2018 financial year, ended June 30, CEO Nick van der Hoven explained that the ramp-up of underground production to 30... 

Sibanye expects Lonmin competition finality October 

By: Martin Creamer     27th August 2018 Precious metals mining company Sibanye-Stillwater expects Competition Commission finality on its proposed acquisition of platinum company Lonmin in October, following the closure of its transaction with surface gold mining company DRDGold, which is expected to make a positive contribution to... 

Sibanye expects Lonmin competition finality October
Sibanye-Stillwater CEO Neal Froneman’s update on Lonmin covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing. Nicholas Boyd.

Afarak shareholders request meeting to vote on dismissing board

By: Marleny Arnoldi     24th August 2018 LSE-listed specialty alloy producer Afarak Group has received a request from shareholders, holding a collective 11.09% of shares, to convene an extraordinary meeting of shareholders, to discuss the dismissal of the current board and election of new board members that are independent from the... 

Afarak shareholders request meeting to vote on dismissing board

Tharisa continues talks about Salene chrome project shareholding

By: Simone Liedtke     21st August 2018 JSE- and LSE-listed Tharisa is continuing discussions with the Leto Settlement Trust regarding the optimisation of certain aspects of the transaction structure for Tharisa’s 90% shareholding in the Zimbabwe-based Salene chrome project. Tharisa envisages a successful outcome to the discussions,... 

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Eastplats’ chrome circuit completion targeted for Q3

By: Marleny Arnoldi     15th August 2018 Construction of Vancouver-based Eastern Platinum’s (Eastplats’) retreatment project, at its Crocodile River mine, in South Africa’s North West, is progressing well and all significant items required for the chrome circuit’s completion and commissioning are on site. Completion of the form... 

African Chrome commissions Zimbabwe plant

By: Nadine James     10th August 2018 Zimbabwe-based chrome producer African Chrome Fields (ACF) launched a new aluminothermic plant last month, thereby assisting in the creation of new jobs and enhancing production capacity, enabling the company to produce 300 t of ferrochrome a month before  ramping up to 600 t at full production.... 

Bauba signs chrome offtake agreement

By: Anine Kilian     8th August 2018 JSE-listed Bauba Platinum has signed a chromite ore commodity purchase contract with Gerald Metals and Pelagic Resources for chrome ore run-of-mine (RoM) produced at its Moeijelijk mine, in Limpopo. This agreement is underpinned by a $5-million prepayment, which represents a part prepayment on... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand 

By: Terence Creamer     6th August 2018 State-owned electricity producer Eskom has confirmed that it has entered into a sales incentive pilot programme with nine large industrial customers in a bid to stabilise sales to electricity-intensive industries. The two-year sales incentive pilot programme, which commenced on June 1, has the... 

Eskom pilots incentive designed to claw back 5 TWh of energy-intensive demand

Glencore-Merafe venture’s H1 ferrochrome output decreases as production costs rise

By: Simone Liedtke     6th August 2018 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe chrome venture for the six months ended June 30, decreased by 2.3% to 211 000 t, with production for the period equivalent to an installed capacity utilisation of 88%. Total production costs per tonne of... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke
Photo by Creamer Media
Implats CEO Nico Muller (left) and Implats group mining engineer Thabile Makgala
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