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ELECTRICITY

Ruukki studies 250-MW plant to supply Mogale Alloys

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Finnish company Ruukki plans to start a feasibility study for a proposed 250-MW power plant to provide its Mogale Alloys venture in South Africa with reliable electricity supply, by the fourth quarter of this year. Ruukki, which bought the Mogale...
By: Chanel de Bruyn
1st September 2010
 
 
CHROME

Probe Mines has first resource estimate at McFauld's Lake chrome project

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TSX Venture Exchange-listed Probe Mines has completed an initial mineral resource estimate for its Black Creek chromite deposit, in the McFauld's Lake area of northern Ontario. At a cut off grade of 30%, the prospect contains measured and...
By: Liezel Hill
23rd August 2010
 
 
LEGISLATIVE FRAMEWORK

Lonmin conditions curbing court-backed accounting – Keysha

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"Onerous and impractical" conditions are preventing mineral-rights holder Keysha from commencing a High Court-sanctioned accounting process on the portion of Lonmin's platinum mine where it has a prospecting right, said Vanessa Gounden, CEO of...
By: Martin Creamer
11th August 2010
 
 
LEGISLATIVE ENVIRONMENT

Law already in place for Lonmin to mine, sell and compensate rights holder Keysha

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A statutory facility is already in place that allows Lonmin to extract and dispose of the nonplatinum minerals it mines, and to pay compensation to mineral rights holder Keysha, says former Department of Mineral Resources (DMR) DDG Jacinto Rocha,...
By: Martin Creamer
11th August 2010
 
 
LEGISLATIVE ENVIRONMENT

‘Puzzled' DMR says Lonmin in line for rights soon, but not in Keysha area

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South Africa's Department of Mineral Resources (DMR) said on Tuesday that it was "puzzled" by Lonmin's "lost-rights" claim and indicated that the London- and Johannesburg-listed platinum-mining company was in line to be awarded rights to...
By: Martin Creamer
10th August 2010
 
 
NEWS ANALYSIS

SA by-product rights fiasco is a messy business

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Oh, what a tangled web we weave. Another fiasco has erupted relating to South Africa’s Department of Mineral Resources (DMR), this time involving world number-three platinum producer Lonmin, and it could have other mining companies scrambling...
By: Matthew Hill
6th August 2010
 
 
FERROCHROME

Merafe/Xstrata to build R1bn Tswelopele chrome-fines plant Video Available

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Merafe CEO Stuart Elliot The Merafe/Xstrata chrome venture has approved the construction of a new R1-billion, 600 000 t/y chrome-fines pelletising and sintering plant at its Rustenburg operation. New Merafe Resources CEO Stuart Elliot told Mining Weekly Online in a video...
By: Martin Creamer
3rd August 2010
 
 
M&A

Cliffs owns 85% of Spider, to buy out minorities

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US-based Cliffs Natural Resources has increased its holding in Canadian junior Spider Resources to 85%, and will go ahead with a transaction to buy the remaining shares in Spider, the firm said on Tuesday. Cliffs' C$0,19 a share offer for Spider...
By: Liezel Hill
27th July 2010
 
 
 
 
 
 
 
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State, Limpopo miners sign water-scheme agreement Video
More chrome could leave South Africa... Video
 
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