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Chrome News

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... 

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

Chinese investors plan $10bn metallurgical complex in South Africa

By: Reuters     27th July 2018 Chinese investors signed agreements to build a $10-billion metallurgical complex in South Africa during President Xi Jinping's state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa's President... 

Zimbabwe's African Chrome Fields eyes equity sale to fund expansion

By: Reuters     26th July 2018 Zimbabwe's largest chrome miner African Chrome Fields (ACF) is talking to foreign investors about an equity sale to help fund expansion but will ensure the firm's two main partners retain control, the majority shareholder said on Wednesday. The chairman of Moti Group, which has a majority stake... 

AngloGold chairperson warns South Africa on 'reckless' mining rules

By: Bloomberg     20th July 2018 South Africa risks driving away new investment and crippling its mining sector if “reckless” new rules are implemented, according to AngloGold Ashanti chairperson Sipho Pityana. The latest Mining Charter, which is aimed at sharing the benefits of the country’s mineral wealth more equally among... 

AngloGold chairperson warns South Africa on 'reckless' mining rules
Photo by Creamer Media
AngloGold chairperson Sipho Pityana

New mining fund raising R750m to co-finance ancillary mine projects 

By: Martin Creamer     16th July 2018 In an economic environment of tight capital allocation and bank pull back from mining finance, the new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites. On the list of targeted project... 

New mining fund raising R750m to co-finance ancillary mine projects
CCP 12J MD Paul Miller talks to Mining Weekly Online’s Martin Creamer on new tax incentives to boost mining investment. Video and Video Editing: Nicholas Boyd. Photographs: Dylan Slater.

Finnish authority imposes fines on Koncar for failure to launch bid for Afarak

By: Marleny Arnoldi     10th July 2018 The Finnish Financial Supervisory Authority (FIN-FSA) has ordered LSE-listed Afarak Resources COO and shareholder Dr Danko Koncar to pay the base amount of a £40-million fine, as well as a supplementary amount of £10-million that has accrued from noncompliance.  

Finnish authority imposes fines on Koncar for failure to launch bid for Afarak

Tharisa’s PGMs, chrome production continues to exceed targets

By: Marleny Arnoldi     9th July 2018 Aim- and JSE-listed integrated resources group Tharisa reported record platinum group metals (PGMs) recoveries at 85.6%, which continues to exceed targeted recoveries of 80%, for the three months ended June 30.  

Tharisa’s PGMs, chrome production continues to exceed targets
Tharisa CEO Phoevos Pouroulis

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme

By: Martin Creamer     5th July 2018 Research analysts have sprung to the defence of Glencore, which has rapidly restored confidence by announcing an immediate share buyback programme that communicates the formidable faith of management in the London- and Johannesburg-listed diversified mining and marketing company. In a note... 

Analysts spring to Glencore’s defence as miner restores confidence with buyback scheme
Photo by Creamer Media
Glencore CEO Ivan Glasenberg

Merafe appoints new financial director

By: Simone Liedtke     2nd July 2018 JSE-listed Merafe Resources has appointed Ditabe Chocho as the company’s FD, effective August 1. Chocho takes over from Kajal Bissessor, who will continue to serve her notice period in an advisory capacity until August 31 to ensure “a seamless transition and handover process of the financial... 

Glencore bets big on South Africa as Ramaphosa promises revival

By: Bloomberg     26th June 2018 Glencore has set its ambitions on expanding in South Africa, the homeland of its chief Ivan Glasenberg. As the company’s former business partner and new President Cyril Ramaphosa promises an economic recovery, Glencore is reaping profits from coal and chrome assets as prices rise. The company... 

Glencore bets big on South Africa as Ramaphosa promises revival
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Minerals Council said to plan free-carry challenge

By: Bloomberg     25th June 2018 South Africa’s main mining lobby group told analysts and mining companies that it would probably challenge a final draft of the government’s new Mining Charter if two key points of dispute aren’t removed, according to two people familiar with the matter. The Minerals Council South Africa, which... 

Minerals Council said to plan free-carry challenge
Photo by Dylan Slater
Mineral Resources Minister Gwede Mantashe

Minerals Council, water dept collaborate on water conservation, demand management project

By: Creamer Media Reporter      15th June 2018 The Department of Water and Sanitation (DWS) and the Minerals Council South Africa (MCSA) have reached a significant milestone in a collaborative exercise on water conservation and water demand management aimed at driving water savings and usage improvements in the mining industry. The... 

Minerals Council, water dept collaborate on water conservation, demand management project

Illegal mining worth R7bn a year – PwC

By: Martin Creamer     14th June 2018 The value of illegal mining and dealing of metals and diamonds in South Africa is estimated to be more than R7-billion a year, says PwC. In its latest edition of SA Mine, the professional services firm equates this to revenue generated from 430 000 oz of gold at the current market price. 

Illegal mining worth R7bn a year – PwC
Photo by Dylan Slater
Informal processing of sand from a depleted mine dump off the N3 South freeway, near Elandsfontein, in Germiston

Tharisa expands its presence in Zim with acquisition of Karo stake

By: Simone Liedtke     13th June 2018 JSE-listed Tharisa has acquired a 26.8% shareholding in Karo Mining Holdings for $4.5-million. Karo Mining, in March, reached an agreement with the Zimbabwe government to establish a platinum group metals (PGM) mine, concentrators, smelters, a base metal and precious metals refinery and power... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins

By: Martin Creamer     12th June 2018 South Africa has succeeded in creating a meticulous set of mineral reporting codes that continue to gain international recognition. The South African Mineral Reporting Codes (Samcodes), which protect investors, are currently so highly regarded that in October South Africa will host a large... 

South Africa’s ‘Samcodes way’ a world-beater – Mullins
Photo by Dylan Slater
Samcodes standards committee chairperson Matt Mullins (left) and Mining Weekly Online's Martin Creamer

No let up on calls for flow-through model to boost exploration

By: Martin Creamer     7th June 2018 The failure to raise risk capital for greenfields exploration in South Africa was highlighted at this week’s Junior Indaba, where there was no let up on calls for the adoption of a proven Canada-type flow-through share scheme, and ongoing criticism of the unintended consequences of South Africa’s... 

No let up on calls for flow-through model to boost exploration
Photo by Wynand van der Merwe
JSE business development manager Patrycja Kula-Verster

Plan for mining community development levy scrapped

By: Bloomberg     6th June 2018 South Africa’s government has scrapped plans to compel mining companies to contribute 1% of their annual turnover to a new community development agency because it feared the funds could be abused, the nation’s mining minister said. The levy was proposed in a draft of the nation’s new Mining... 

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