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Chrome News

Impala Platinum plans to sell chrome business

By: Reuters     11th January 2017 South African platinum producer Impala Platinum plans to sell its chrome business to focus on its core business, the company said. Implats has a 65% interest in Impala Chrome and plans to dispose of it, the company said in a newspaper advertisement this week inviting potential purchasers. 

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

High Court exposes DMR as incompetent, irrational investment obstructor

Tharisa confident of meeting FY PGM, chrome output guidance

By: Megan van Wyngaardt     11th January 2017 JSE-listed platinum group metals (PGMs) and chrome producer Tharisa on Wednesday reported that its operations remain on track to meet the 2017 full-year production guidance of 147 000 oz of PGMs and 1.3-million tonnes of chrome concentrates, of which 300 000 t will be specialty grade chrome... 

Bauba restarts chrome mining after price recovery

By: African News Agency      5th January 2017 A recovery in prices has seen Bauba Platinum resume chrome mining at its Moeijelijk Mine, the company said on Thursday. The mine was placed under care and maintenance on January 11 last year after a decline in the chrome-ore price – from $175/t to about $120/t – rendered the chrome project... 

Bauba restarts chrome mining after price recovery

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Ferrochrome price settled for first quarter – Merafe

By: Megan van Wyngaardt     15th December 2016 JSE-listed Merafe Resources on Thursday said the European benchmark ferrochrome price for the first quarter of 2017 has been settled at $1.65/lb. This, the company noted in a statement to shareholders, would be an increase of 50% from the $1.10/lb price in the fourth quarter of this year. 

Stillwater deal runs deep

By: Martin Creamer     9th December 2016 The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help... 

Stillwater deal runs deep
The US assets Sibanye is buying

Implats selling chrome interest

     9th December 2016 Platinum mining company Impala Platinum (Implats) is disposing of its 65% interest in Impala Chrome, a chrome beneficiation operation that produces 200 000 t of chrome concentrate a year by processing four-million tonnes of tailings a year. As announced in a newspaper advertisement, Implats’... 

Invicta’s Walters to join Assore as CEO

     6th December 2016 JSE-listed mining holding company Assore has appointed Charles Walters CEO, effective July 1. He will join the company as CEO designate on April 1. 

All systems go at Hernic as Jubilee eyes new projects

By: Natasha Odendaal     2nd December 2016 Mine-to-metals company Jubilee Platinum is days away from starting the commissioning of its new Hernic platinum group metals-bearing chrome tailings processing plant, in the North West. With some 90% of the budgeted capital spent to date, the group is nearing the full completion of the mechanical... 

Diligent Glencore delivers on debt promise, restarts dividend

By: Martin Creamer     1st December 2016 Diversified mining and marketing company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.  JP Morgan Cazenove analysts described the... 

Diligent Glencore delivers on debt promise, restarts dividend
Photo by Duane Daws
Ivan Glasenberg at last year's hand over by Glencore of a R75-million school in South Africa's coalfields to Basic Education Minister Angie Motshekga.

Chinese demand, prices trigger ferrochrome green shoots in India

By: Ajoy K Das     1st December 2016 Green shoots are emerging in the ferrochrome industry in India, as a revival in demand from China and higher prices have spurred producers to bring idled capacity back into production. “Improved Chinese demand and price realisations have definitely had a salutary impact on Indian ferrochrome... 

Chinese demand, prices trigger ferrochrome green shoots in India

Tharisa posts record year with profit of $15.8m, announces maiden dividend

By: Megan van Wyngaardt     29th November 2016 Platinum group metals (PGMs) and chrome concentrates producer Tharisa on Tuesday reported “record results”, with its profit after tax more than doubling from $6-million in 2015, to $15.8-million for the year ended September 30. This translated into basic earnings per share (EPS) of $0.05 and... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Capital expenditure to continue downward trend

Discredited DMR making ill-considered demands on struggling industry

By: Martin Creamer     25th November 2016 The Department of Mineral Resources (DMR) is making ill-considered demands that have little hope of being met. Instead of following the continent’s African Mining Vision and Zambezi Protocol, the DMR is going out on a dictatorial limb. 

Discredited DMR making ill-considered demands on struggling industry
Photo by Duane Daws
Chamber of Mines CEO Roger Baxter and Chamber of Mines Senior Executive Public Affairs and Transformation Tebello Chabana

DMR appointment causes concern

By: Martin Creamer     23rd November 2016 Mineral Resources Minister Mosebenzi Zwane has controversially made a key appointment within the Department of Mineral Resources (DMR) on the grounds that it is only temporary.   Earlier this month, the Democratic Alliance (DA) Shadow Minister of Mineral Resources, James Lorimer MP, requested... 

DMR appointment causes concern
DA Shadow Minister of Mineral Resources James Lorimer MP

Business, labour need to combine as errant DMR turns dictator

By: Martin Creamer     17th November 2016 The point has been made that mining business and labour have never been closer than now and that they need to make use of the current window of opportunity to establish a better foundation between themselves so that they can collectively shame the government into moving mining forward for the... 

Business, labour need to combine as errant DMR turns dictator
Chamber of Mines CEO Roger Baxter

DMR must be challenged, good governance must be assured

By: Martin Creamer     7th November 2016 Mining has the wealth-generating potential to boost economies, but countries blessed with a mineral endowment must at least do their bit by assuring good governance. Regrettably, against the background of the recently released 'State of Capture' report of former Public Protector Thuli Madonsela,... 

DMR must be challenged, good governance must be assured
Photo by Duane Daws
Former Public Protector Thuli Madonsela

Chinese demand breaks five-year commodities downward spiral

By: David Oliveira     4th November 2016 Chinese commodity demand being higher than expected helped breaking a downward trend in global demand starting in 2011, however, global financial services provider Macquarie advised that the mining industry was still in negative growth territory. During a teleconference last month Macquarie... 

Shanghai to host chromium conference next week

By: Ilan Solomons     4th November 2016 The International Chromium Development Association (ICDA) will be hosting the Chromium 2016 conference in Shanghai, China from November 8 to 10, where presenters will provide insights into the current state of the sector and its future prospects. ICDA president Jeff McLaughlan will open the event... 

Shanghai to host chromium conference next week
Photo by Duane Daws
CHROMIUM MARKET PERSPECTIVES There will be a roundtable discussion on the chrome and ferrochrome markets at the Chromium 2016 conference in Shanghai

Third-quarter Glencore coal production down on Optimum disposal

By: Martin Creamer     3rd November 2016 Third-quarter production of diversified major Glencore reflects the various operational suspensions and supply reductions announced and actioned notably in coal, oil, copper and zinc. The London-, Hong Kong- and Johannesburg-listed mining and marketing company, headed by CEO Ivan Glasenberg, said... 

Third-quarter Glencore coal production down on Optimum disposal
Glencore CEO Ivan Glasenberg

Mining decline will continue unless new minerals Bill changed – Lorimer 

By: Martin Creamer     2nd November 2016 The decline of South Africa’s mining sector will continue unless the new Mineral and Petroleum Resources Development Act Amendment Bill – passed by the National Assembly on Tuesday – is radically changed, says Democratic Alliance Shadow Mineral Resources Minister James Lorimer MP. The Bill, sent... 

Mining decline will continue unless new minerals Bill changed – Lorimer
The Democratic Alliance’s Shadow Mineral Resources Minister James Lorimer MP

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader

By: Henry Lazenby     2nd November 2016 The Ontario government on Tuesday announced that it would invest C$2.5-million in the Centre for Excellence in Mining Innovation's (CEMI's) ongoing work with the Ultra Deep Mining Network (UDMN), which is helping the mining sector develop and adopt commercially viable innovations. Part of a... 

Ontario invests C$2.5m in mining R&D; Minister outlines progress to position province as mining leader
Photo by Ontario Ministry of Northern Development and Mines
Minister of Northern Development and Mines Michael Gravelle addresses the Mining Innovation Summit 2016, held in Sudbury

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance 

By: Henry Lazenby     26th October 2016 The world’s largest earthmoving and mining equipment manufacturer Caterpillar has booked a sharply lower third-quarter profit, citing global economic weakness and an abundance of used equipment available, which is slowing sales. The NYSE-listed company expressed concern that the tough market... 

Caterpillar’s Q3 profit sags, casts dim outlook with lowered 2016 guidance

ChromTech, Thakadu ink R52m deal

By: Creamer Media Reporter      25th October 2016 New-generation beneficiation and trading company Thakadu Resources has acquired a 26% stake in fully integrated mine-to-market chrome producer ChromTech for R52-million. The deal has bolstered ChromeTech’s black economic empowerment ownership and enabled an immediate injection into ChromTech’s... 

ChromTech, Thakadu ink R52m deal
Thakadu CEO Ruli Diseko and ChromeTech CEO Craig Bennett

South Africa’s chrome industry well placed to ‘grow and prosper’

By: Nadine James     21st October 2016 South Africa’s relatively easy to mine chromium reserves, combined with the current deficit in the chromium market as well as the expected increase in global stainless steel consumption, has ensured that the country’s chrome sector has every opportunity to grow and prosper, says the International... 

Bauba appoints new FD

By: Creamer Media Reporter      20th October 2016 Carl-Heinz Gernandt has, for personal reasons, resigned as FD of junior miner Bauba Platinum. He will be succeeded by Jonathan Knowlden, who holds a BCom financial accounting degree and a postgraduate diploma in accounting from the University of Cape Town. 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told 

By: Martin Creamer     19th October 2016 Water-constrained Gauteng may see an acid mine drainage (AMD) quick-fix in order to save the fresh water from the Lesotho Highlands Water Project from being wasted on AMD dilution instead of being available to the economy, environmental adviser Dr Anthony Turton said on Wednesday. Delivering the... 

Acid mine water quick-fix possible as water deficit looms, Oppenheimer, De Beers told
Photo by Duane Daws
Environmental adviser Dr Anthony Turton

Mining juniors poised for recovery – PwC

By: Henry Lazenby     13th October 2016 Junior mining companies make up more than 50% of the total market capitalisation on the TSX Venture Exchange, up from 36% on June 30, 2015, a new report by professional services firm PwC has found. As evidenced in PwC Canada's 2016 Junior Mine report, titled ‘Signs of Life’, cash flows from... 

Four key themes to dominate mining in the Americas – report

By: Henry Lazenby     13th October 2016 Miners in both North and South America will remain focused on improving operational performance over the coming years, while divergent regulatory policies will either improve or worsen the industry’s welfare, recent analysis by market intelligence firm BMI Research shows. According to the think... 

Four key themes to dominate mining in the Americas – report

Merafe ferrochrome output rising in higher price environment

By: Martin Creamer     12th October 2016 The attributable ferrochrome production of Merafe is on the rise, with the black-controlled JSE-listed company reporting upped output primarily on additional production from the low-energy Project Lion II furnaces of the Glencore Merafe Chrome Venture. South Africa’s 300 000-member Bafokeng... 

Merafe ferrochrome output rising in higher price environment
Photo by Duane Daws
Merafe CEO Zanele Matlala

In divergent strategy step-change, Denham targets later-stage projects

By: Henry Lazenby     11th October 2016 As the global mining markets turn a corner from what can be termed the biggest commodity downturn in living memory, private equity firm Denham Capital has changed tack, opting to invest in later-stage projects rather than driving exploration. Speaking to Mining Weekly Online from Houston, Texas,... 

In divergent strategy step-change, Denham targets later-stage projects

New mining money to be made as investment tide turns

By: Henry Lazenby     11th October 2016 There is a noted general perception among the investment community, including private equity firms and high-net-worth individuals, that there is some money to make again in the rebounding mining industry, PearTree Securities president Trent Mell tells Mining Weekly Online. “Following three years... 

New mining money to be made as investment tide turns

Tharisa Minerals achieves record Q4 production

By: Natasha Odendaal     10th October 2016 After ending the 2016 financial year with record fourth-quarter output and meeting or exceeding all its year-end production targets, dual-listed Tharisa Minerals expects to reach its “full potential” in 2017. The platinum group metals (PGMs) and chrome producer on Monday reported increased... 

Tharisa Minerals achieves record Q4 production
Tharis CEO Phoevos Pouroulis

Focus on plant maintenance presents new design opportunities

     7th October 2016 With challenging economic conditions causing many South African chrome producers to ramp down their furnace operations and shift their focus to maintaining their plants and equipment as best as possible within their financial constraints, high-capacity furnace specialist Tenova Pyromet has seen... 

Focus on plant maintenance presents new design opportunities
INCREASED EFFICIENCY, DECREASED COSTS The multiple preheater reduces electrical power consumption and increases the carbon content of the furnace gas in the smelting process

Govt, industry collaboration key to preserving strategic value

By: Robyn Wilkinson     7th October 2016 There is a very clear need for government and industry to come together to address the problems facing South Africa’s mining industry, particularly its chrome sector, say global energy and resource specialist consultancy Venmyn Deloitte MDs Andy Clay and Chris De Vries. 

Govt, industry collaboration key to preserving strategic value
Photo by Duane Daws
SAFEGUARDING NATURAL ADVANTAGE Government and industry need to collaborate to manage the supply of low-grade chrome to the international market and address the problem of high operating costs

New low-cost producer thriving in turbulent mining climate

By: Tracy Hancock     7th October 2016 Integrated resources group Tharisa tells Mining Weekly it is confident about its outlook and being able to pay its maiden dividend post financial year end, with its Tharisa mine, in South Africa’s Bushveld Complex, reaching steady state production and generating cash flow. Tharisa’s dual revenue... 

New low-cost producer  thriving in turbulent mining climate
RISING ABOVE THE REST The challenging economic environment Tharisa faced over the past year has highlighted its low-cost competitive advantage relative to its platinum-group metal and chrome peers

Mining hall of fame launched as Froneman proposes new roadmap

By: Martin Creamer     4th October 2016 Nine inductees to South Africa’s new Mining Hall of Fame were announced on the eve of the October 5 opening of the Joburg Indaba 2016, where guest speaker Neal Froneman, the CEO of Sibanye Gold, proposed a new roadmap for mining to ensure equitable benefits for all stakeholders. Ahead of Bobby... 

Mining hall of fame launched as Froneman proposes new roadmap
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel
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