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Minerals Minister to announce mining charter audit outcomes

By: Martin Creamer South Africa’s Mineral Resources Minister Ngoako Ramatlhodi will on Tuesday brief the media on the outcomes of the audit to assess the extent to which mining companies have complied with the Mining Charter in the ten years to 2014. This follows the Minister making in clear last month that the... 

Bauba makes first chrome shipment in platinum exploration funding move

By: Martin Creamer The JSE-listed Bauba Platinum, which is mining and selling chrome ore to fund its platinum exploration, this week shipped the first run-of-mine output from its maiden chrome horizon blast at the Moeijelik operation. Bauba last year entered into a two-year chrome-ore supply agreement with ASA... 

Bauba makes first chrome shipment in platinum exploration funding move
Photo by Duane Daws
Syd Caddy

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee

By: Martin Creamer South Africa should seize the current timely opportunity to amend its mining taxation in a manner that encourages foreign investment, stimulates prospecting, gets mining companies to start dealing with marginal mines and gives enough back to the fiscus for the benefit of this country's people,... 

Seize opportunity to improve mining tax, pleads KPMG’s Saloojee
Muhammad Saloojee

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain 

By: Henry Lazenby Northern Ontario’s emerging minerals-rich Ring of Fire (RoF) mining camp has a new champion after US-focused iron-ore producer Cliffs Natural Resources agreed to bow out of the prospective region by selling its claims to explorer Noront Resources for $20-million. Noront, which was currently in... 

Noront Resources consolidates position in Ontario’s Ring of Fire for a bargain

Glencore opts for squeaky clean

By: Martin Creamer Mining and marketing giant Glencore on Thursday took the unprecedented step of signing a major human rights commitment with a top human rights body, in a bid to keep its activities beyond reproach and squeaky clean. In its latest step of many recent steps to keep the company firmly on mining's... 

Glencore opts for squeaky clean
Photo by Duane Daws
Ivan Glasenberg

Zinc metal deficit expected to intensify – Glencore

By: Martin Creamer The zinc metal market’s 2014 deficit is expected to intensify this year, Glencore says in its latest annual report. The 200-page document, in which CEO Ivan Glasenberg notes slower than expected post-financial-crisis normalisation, positions the company as one able to react quickly and benefit... 

Zinc metal deficit expected to intensify – Glencore
Photo by Duane Daws
Ivan Glasenberg

Probe Metals starts trading on the TSX-V

By: Henry Lazenby After closing the plan of arrangement that saw gold major Goldcorp acquire explorer Probe Mines last week, a new exploration company Probe Metals started trading on the TSX-V on Tuesday under the ticker PRB. Goldcorp bought Probe in an all-scrip deal, which valued the company at about... 

Future lies in governments creating exciting legislative empowerment – Motsepe 

By: Martin Creamer Southern Africa’s economic future lies in the creation by governments of exciting legislative, regulatory and fiscal empowerment that stimulates private sector investment. That is the view of Patrice Motsepe, executive chairperson of South Africa’s black-controlled African Rainbow Minerals (ARM)... 

Future lies in governments creating exciting legislative empowerment – Motsepe
Photo by Duane Daws
Patrice Motsepe

ARM’s Motsepe urges serious govt intervention on Eskom let down

By: Martin Creamer Patrice Motsepe, chairperson of the black-controlled diversified mining company African Rainbow Minerals, on Monday urged the government to intervene seriously to establish Eskom as a competitive, cost-effective, reliable provider of electricity. Speaking at ARM’s presentation of interim results,... 

ARM’s Motsepe urges serious govt intervention on Eskom let down
Photo by Duane Daws
Patrice Motsepe

Across-board ARM review as earnings plunge 56%

By: Martin Creamer Black-controlled diversified mining company African Rainbow Minerals (ARM), which saw its half-year headline earnings plummet by 56%, is responding with an across-the-board review of its performance and expenditure. The JSE-listed company, headed by executive chairperson Patrice Motsepe, on... 

Across-board ARM review as earnings plunge 56%
Photo by Duane Daws
Patrice Motsepe

Australia’s ACJ investing $1.5bn in Zim chrome-smelting project

By: Oscar Nkala ASX-listed African Chrome Fields (ACJ) is investing $1.5-billion in an exothermic chrome smelter near the Zimbabwe Midlands town of Kwekwe. The smelter will have the capacity to produce 10 000 t of low-carbon ferrochrome a month and will process ore from the company's 147 chrome claims on the... 

Glencore commits to migrating first world safety to third world countries 

By: Martin Creamer Diversified major Glencore, which reported 16 fatalities last year, has committed itself to migrating first-world safety practices into challenging geographies where more than 80% of the deaths took place. The London-, Hong Kong- and Johannesburg-listed company’s SafeWork programme – in which 118... 

Glencore commits to migrating first world safety to third world countries
Photo by Duane Daws
Ivan Glasenberg

Glencore transitioning into deficit in most commodities – Glasenberg

By: Martin Creamer Diversified major Glencore was transitioning into deficit in most of the commodities it produced, CEO Ivan Glasenberg said on Tuesday. Glasenberg, who has presided over returning $9.3-billion to shareholders in dividends and buybacks since 2011, told analysts and media in teleconferences in which... 

Glencore transitioning into deficit in most commodities – Glasenberg
Photo by Duane Daws
Ivan Glasenberg

Merafe in good position to meet increased ferrochrome demand – Matlala

By: Tracy Hancock JSE-listed Merafe Resources “remains excited” about the industry as its mix of energy efficient technology and the recent addition of Lion II allows the ferrochrome producer to capitalise on projected growth in ferrochrome demand. CEO Zanele Matlala advised in a conference call on Tuesday that... 

Merafe in good position to meet increased ferrochrome demand – Matlala
Photo by Duane Daws
Merafe CEO Zanele Matlala

Marketing hoists Glencore over low commodity price hurdle

By: Martin Creamer Diversified major Glencore has managed to scale the low commodity price hurdle with significant help from its marketing arm. The London- Hong Kong- and Johannesburg-listed company, which produces and markets 93 commodities, went against the grain with its surging agricultural business yielding... 

Marketing hoists Glencore over low commodity price hurdle
Ivan Glasenberg

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Subscription Offer: Two-years for the price of one

Canadian fed and Ontario govts unveil supports for mining industry

By: Henry Lazenby Several federal departments of the Canadian government, as well as the Ontario provincial government, unveiled new measures and investments on Sunday to increase support and drive growth in the country's besieged mining industry. In a speech to the Prospectors & Developers Association of Canada,... 

Canadian fed and Ontario govts unveil supports for mining industry
Photo by Reuters
Canadian Finance Minister Joe Oliver

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

By: Henry Lazenby Global professional services firm EY’s Canadian Mining Eye index fell 12% in the quarter ended December 31, compared with a 15% decline in the prior period. The index underperformed against the S&P/TSX Composite index, which fell 2% in the last quarter of 2014, while the London Metal Exchange... 

EY’s Canadian Mining Eye index falls 12% in Q4, lower oil prices provide some respite

Bauba’s chrome play clears last regulatory hurdle

By: Natalie Greve The Department Water and Sanitation has granted Bauba Platinum subsidiary, Bauba A Hlabirwa Mining Investments, a general authorisation of water use for the farm Moeijelijk, in Limpopo, fulfilling the last legislative condition required before the start of full-scale mining. The authorisation... 

IFM swings to H1 loss

By: Ilan Solomons Interruptions in production, lower sales volumes, higher production costs and one-off items impacted negatively on International Ferro Metals’ (IFM’s) results for the six months ended December 31, resulting in a net loss of R175.6-million, compared with a net profit of R32.3-million in the prior... 

IFM swings to H1 loss

Parliamentary minerals law review limited to four points

By: Martin Creamer The review of the Minerals and Petroleum Resources Development Act (MPRDA) Amendment Bill would be restricted to four recommendations and the focus would be on whether or not these passed constitutional and procedural muster, Mineral Resources Parliamentary Portfolio Committee chairperson... 

Parliamentary minerals law review limited to four points
Photo by Duane Daws
Ngoako Ramatlhodi

Mines are development engines for host countries – ICMM

By: Martin Creamer Mines are proven engines of economic development for host countries, which benefit significantly from the foreign direct investment (FDI) that mines attract as well as the export earnings that they generate, the International Council for Mining & Metals (ICMM) has found in a unique 214-country... 

Mines are development engines for host countries – ICMM
Photo by Creamer Media
Martin Creamer and Tony Hodge

Opposition calls on President to back Minister on developmental pricing issue

By: Martin Creamer Amidst apparent disagreement in his Cabinet about mining policy, President Jacob Zuma needed to step in and provide leadership so that potential mining investors had certainty about South Africa’s mining policy, Shadow Democratic Alliance (DA) Mineral Resources Minister James Lorimer has urged in... 

Opposition calls on President to back Minister on developmental pricing issue
Photo by DA.org.za
James Lorimer

Good governments assume lower commodity prices  

By: Martin Creamer The governments of resource-rich countries should base their financial planning on commodity prices that are lower than the year prior. Should actual commodity prices eventuate that are higher than those assumed, the additional revenue from the higher prices should be treated as a bonus and spent... 

Good governments assume lower commodity prices
Photo by Bloomberg
Jim O'Neill

Depreciation, restructuring costs to dent Merafe's FY earnings

By: Natalie Greve JSE-listed Merafe Resources expects its headline earnings a share for the year ended December 31 to drop by between 19% and 26% year-on-year to between 8c and 8.8c. The decrease in earnings was primarily attributable to the accelerated depreciation arising from the scrapping of certain assets, as... 

Merafe lifts FY, Q4 ferrochrome output

By: Natalie Greve Merafe Resources has lifted attributable ferrochrome production from the Glencore-Merafe chrome venture by 3% year-on-year to 92 000 t in the quarter ended December 31. The company said in a report on Friday that the improved output was the result of the start-up of Project Lion II, which was... 

RoF access route land squabble headed to Court of Appeal

By: Henry Lazenby Prospective Ring of Fire (RoF) miners KWG Resources and Cliffs Natural Resources have been given the green light to take their quarrel over the right of way over an isthmus, narrow strip of land, connecting the remote Northern Ontario mining camp with the outside world to the Court of Appeal for... 

Mining companies suffer $70bn in impairment losses – report

A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle. The ‘Mining Financial Reporting Survey 2014’, compiled by financial services firm KPMG, further revealed that... 

Mining companies suffer $70bn in impairment losses – report

Investors to blame for supporting dithering juniors

By: Henry Lazenby In the aftermath of several key mining-related indexes having dropped significantly since 2011, the mining industry as a whole, and particularly the junior explorers and project generators, have had to “reset” and undergo a paradigm shift from being project promoters to true value creators. This... 

KWG on track to secure N American patents for novel chromite reduction process

By: Henry Lazenby Chromite explorer KWG Resources has received an international search report confirming that the company’s application to patent a new process for the direct reduction of chromite using natural gas, a carbon reductant and a catalyst formulation, is original. The search report from the US Patent... 

Benchmark ferrochrome price settled 6% lower

By: Martin Creamer The European benchmark price of ferrochrome has been settled 6% lower for the first quarter of this year. The first-quarter price of $1.08/lb is seven cents a pound lower than the current $1.15/lb price of the fourth quarter of 2014, the JSE-listed Merafe Resources has announced. 

Benchmark ferrochrome price settled 6% lower
Photo by Duane Daws
Ferrochrome production at Glencore-Merafe's Lion smelter
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