http://www.miningweekly.com

Global Mining News in real time

Chrome News

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

IFM, Chrometco agree to start Rooderand chrome mining

By: Leandi Kolver London-listed International Ferro Metals (IFM) has signed an agreement with JSE-listed Chrometco for the start of mining at the Rooderand LG6 openpit mine, in the North West. IFM said the Phase 1 exploration drilling programme at the mine had been completed, with Phase 2 drilling, which was under... 

IFM, Chrometco agree to start Rooderand chrome mining

Lossmaking Bauba’s exploration drilling on hold, non-execs accept halved fee

By: Martin Creamer The exploration drilling activities of lossmaking JSE-listed platinum exploration company Bauba have been put on hold and nonexecutive directors are talking only half of their fees until the company has sufficient cash to pay them in full. “Currently all drilling activities are on hold,” the... 

Lossmaking Bauba’s exploration drilling on hold, non-execs accept halved fee
Photo by Duane Daws
Syd Caddy

Moderate global economic growth outlook forces miners to keep promises

By: Henry Lazenby The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee Hodgkinson said on Thursday. Speaking to Mining... 

Moderate global economic growth outlook forces miners to keep promises

Solidarity, Assmang discuss alternatives to proposed retrenchments

By: Leandi Kolver Trade union Solidarity on Wednesday said it had been in discussions with the management of mining company Assmang, in Machadodorp, Mpumalanga, in an attempt to find alternatives to the retrenchment of as much as 60% of its employees. Solidarity said Assmang had, this month, sent the union a... 

Solidarity, Assmang discuss alternatives to proposed retrenchments

R500m IFM loan facility extended

By: Creamer Media Reporter Ferrochrome producer International Ferro Metals (IFM) on Wednesday announced that a R500-million loan facility with the Bank of China had been extended by a year. The facility would have expired on September 25, but was extended to September 16, 2015, on the same terms. 

R500m IFM loan facility extended

Energy constraints biggest threat to SA ferrochrome industry

By: Leandi Kolver The biggest challenge facing South Africa’s ferrochrome industry was no longer China, but local energy supply constraints, chrome producer Afarak executive chairperson Dr Alistair Ruiters said on Wednesday. Speaking at the seventh South African Ferro-Alloys conference, convened by MetalBulletin... 

Energy constraints biggest threat to SA ferrochrome industry
Photo by Duane Daws
Dr Alistair Ruiters

Smart governments encourage foreign investment – Glasenberg

By: Martin Creamer Smart governments encouraged foreign investment and ensured that they did not make it too difficult or impossible for companies to invest, Glencore CEO Ivan Glasenberg said on Wednesday. Glencore – which employs 42 500 people at its South African operations, 20 300 of them in coal and 22 200 in... 

Smart governments encourage foreign investment – Glasenberg
Photo by Duane Daws
Ivan Glasenberg and Martin Creamer

Amplats in final planning stages for new Amandelbult chrome plant

By: Leandi Kolver Platinum miner Anglo American Platinum (Amplats) is in the final stages of getting a project under way to establish a new 600 000 t/y chrome smelter at its Amandelbult mine, in Limpopo, Anglo American precious and base metals Africa marketing head Jill Wolfe said on Wednesday. Speaking at the... 

Amplats in final planning stages for new Amandelbult chrome plant
Anglo American Platinum

Amplats resumes UG2 supply to ferrochrome producer

By: Natalie Greve Pursuant to its supply agreement with Anglo American Platinum (Amplats), International Ferro Metals (IFM) said on Monday that it had received 20 000 t of upper group two (UG2) chrome concentrate supply in August, ahead of its previous expectations for the month. The company now expected to... 

Amplats resumes UG2 supply to ferrochrome producer

Mineral beneficiation, industrialisation key to development – Finance Minister 

By: Martin Creamer The key to the development of South Africa lay in mineral beneficiation and industrialisation in joint development with its regional neighbours, South Africa’s new Finance Minister Nhlanhla Nene told the Centre for Education In Economics and Finance (CEEF). Speaking at a CEEF dinner in... 

Mineral beneficiation, industrialisation key to development – Finance Minister
Photo by Duane Daws
Finance Minister Nhlanhla Nene

Ontario creates Ring of Fire Infrastructure Development Corporation

By: Henry Lazenby The Ontario government on Thursday announced that it had established the Ring of Fire (RoF) Infrastructure Development Corporation, first mooted in November last year. The provincial government said the not-for-profit corporation’s headquarters would be located in Thunder Bay and its mandate... 

Ontario creates Ring of Fire Infrastructure Development Corporation
Photo by Henry Lazenby
Minister of Northern Development and Mines Michael Gravelle

Resources Watch

By: Creamer Media Reporter AMCU knocking on door at Northam’s Zondereinde platinum mine. Sibanye Gold negotiating new work shift arrangements with unions. And, black-owned Merafe’s ferrochrome company entering sweet spot. 

Resources Watch

Upbeat Glencore’s share buyback kicks off to analyst adulation

By: Martin Creamer Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has evinced mining analyst adulation. Glencore's... 

Upbeat Glencore’s share buyback kicks off to analyst adulation
Glencore CEO Ivan Glasenberg

AMCU knocking on door at Northam’s Zondereinde platinum mine

By: Martin Creamer The Association of Mineworkers and Construction Union (AMCU) is knocking on the recognition door at Northam Platinum’s Zondereinde mine, which escaped the five-month platinum strike, the longest in South Africa’s history. New Northam Platinum CEO Paul Dunne said AMCU had gained ground at... 

AMCU knocking on door at Northam’s Zondereinde platinum mine
Photo by Duane Daws
Northam CEO Paul Dunne

Operation Hurry Up on way for mining sector – Presidency Minister

By: Martin Creamer An Operation Phakisa (Hurry Up) for the mining sector, aimed at realising its full gross domestic product (GDP) potential, was on the way in consultation with all the key stakeholders, including the Chamber of Mines and organised labour, Minister in the Presidency Jeff Radebe said on Wednesday... 

Operation Hurry Up on way for mining sector – Presidency Minister
Photo by Duane Daws
Presidency Minister Jeff Radebe

KWG subsidiary to appeal court order waiving its consent for land easement

By: Henry Lazenby Ontario-focused explorer KWG Resources on Wednesday announced that subsidiary Canada Chrome Corp (CCC) would seek permission from the Ontario Court of Appeal to overturn the July 30 ruling of the Divisional Court of the Ontario Superior Court of Justice that ruled that CCC's consent should be... 

KWG subsidiary to appeal court order waiving its consent for land easement
Photo by KWG Resources
Staked land for railway.

Black-owned Merafe ferrochrome company entering sweet spot

By: Martin Creamer After ten years of ongoing investment, the black-owned and black-managed ferrochrome company Merafe Resources is in a sweet spot of being able to harvest the cash-flow fruit from a suite of projects in which investments have been made over the past decade. The shares of the JSE-listed company,... 

Black-owned Merafe ferrochrome company entering sweet spot
Photo by Creamer Media
Merafe CEO Zanele Matlala

Mogale speciality alloys production delayed to Q4

By: Creamer Media Reporter The installation of new ferroalloy refining and granulation equipment at Mogale Alloys’ processing plant in South Africa has been delayed, parent company Afarak Group announced on Tuesday. It did not provide a reason for the delay. 

Mogale speciality alloys production delayed to Q4

Black-owned Merafe earnings soar on higher production

By: Martin Creamer The earnings of the black-owned and black-controlled Merafe have doubled in the six months when the company benefited from lower strike-hit volume of platinum-linked chrome. Merafe, headed by CEO Zanele Matlala, is paying an interim dividend of R28-million and letting people go at its corporate... 

Black-owned Merafe earnings soar on higher production
Photo by Duane Daws
Merafe CEO Zanele Matlala

Merafe expecting 126% to 142% rise in half-year HEPS

By: Leandi Kolver JSE-listed Merafe Resources on Monday said it expected its headline earnings per share (HEPS) for the six months ended June 30 to be between 126% and 142% higher year-on-year. This increase, which would bring the company’s half-year HEPS to between 8.6c and 9.2c, was attributable to increases in... 

Merafe expecting 126% to 142% rise in half-year HEPS

New metrics enhance transparency of gold miners’ cost reporting

By: Henry Lazenby The World Gold Council’s (WGC’s) supplementary ‘all-in’ cost metrics have helped gold miners to provide more external transparency regarding their cost reporting, while the metrics have enabled them to internally drive change by equipping employees to make better cost-related decisions. A year... 

New metrics enhance transparency of gold miners’ cost reporting

IFM achieves record output, cost pressures bite

By: Creamer Media Reporter Despite a low ferrochrome pricing environment and rising cost pressures, International Ferro Metals (IFM) CEO Chris Jordaan is confident that the company will achieve another year of improved financial performance. The ferrochrome producer on Wednesday reported record production of 228 260 t from... 

IFM achieves record output, cost pressures bite

Mining needs quantum change – SAIMM

By: Martin Creamer The mining industry was not pushing the limits of technology far enough and needed to make a quantum change in crafting new solutions, South African Institute of Mining and Metallurgy (SAIMM) immediate past president Dr Gordon Smith said on Tuesday. Smith, who is also executive technical head of... 

Mining needs quantum change – SAIMM
Photo by Duane Daws
SAIMM's Dr Gordon Smith

Amcu loses recognition status at Samancor

By: Sapa The Association of Mineworkers and Construction Union (Amcu) has lost its recognition status at Samancor Western Chrome mines outside Mooinooi in North West, the company said. "We confirm that Amcu was de-recognised as of from 1 July 2014 as their membership fell to under the threshold limits for... 

Amcu loses recognition status at Samancor

NDP requires accelerated mining effort – Minerals Minister

By: Martin Creamer The National Development Plan (NDP) required an accelerated effort towards ensuring mining's continued contribution to economic growth and the elimination of the triple challenge of unemployment, inequality and poverty, South Africa’s new Mineral Resources Minister Ngoako Ramatlhodi said on... 

NDP requires accelerated mining effort – Minerals Minister
Photo by Creamer Media
Minerals Minister Ngoako Ramatlhodi

Jubilee Platinum taking steps to raise more equity capital

By: Martin Creamer Mine-to-metals company Jubilee Platinum, which smelts using self-generated electricity, is setting out to raise additional equity capital in both Johannesburg and London. The London Aim- and Johannesburg AltX-listed company expects a total of 31 526 128 new Jubilee shares to be listed and... 

Jubilee Platinum taking steps to raise more equity capital
Photo by Duane Daws
Jubilee CEO Leon Coetzer

KWG Resources beats Noront to staking claims in Ring of Fire

By: Henry Lazenby Ring of Fire-focused explorer KWG Resources on Friday said it had beaten rival Noront Resources to staking two claims in the area. KWG said the Provincial Mining Recorder for Ontario on Tuesday confirmed that the company was the first to stake two 16-unit claim blocks after they "came open" on... 

KWG Resources beats Noront to staking claims in Ring of Fire

Expansion project increases SA ferrochrome capacity

Name and Location Lion ferrochrome complex Phase 2 expansion (Lion II) project, Limpopo, South Africa. Client Glencore-Merafe chrome joint venture (JV). 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 14.22Change: -0.23
R/$ = 11.16Change: -0.09
Au 1240.10 $/ozChange: -4.17
Pt 1243.50 $/ozChange: -18.70