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Chrome News

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

Miners set to cash in on Trump's White House

By: Reuters     10th November 2016 Mining companies led gains on London's FTSE bluechip index on Wednesday as Republican Donald Trump's victory in the US presidential election spurred hopes for higher metal demand and drove investors to buy gold as a shelter against economic uncertainty. The FTSE mining index rose around 5% to... 

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

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

By: Creamer Media Reporter      30th September 2016 Capital considerations dominate the top three business risks in the mining and metals sector, according to professional services firm EY’s latest ‘Top 10 business risks facing mining and metals 2016-2017’ report. “Much like our global counterparts, Canadian mining and metals companies are facing... 

Cash optimisation, capital access and productivity top EY’s 2016/17 business risks

Mining Commissioner issues final order on Cliffs' bid over KWG rail claims

By: Henry Lazenby     28th September 2016 The Mining and Lands Commission of Ontario has made a final order, paving the way for an application to the Ontario Ministry of Natural Resources, which was made by Cliffs Natural Resources in early 2012, for the grant of an easement over the claims of KWG subsidiary Canada Chrome Corporation... 

Ferrochrome price in sharp rise

By: Martin Creamer     26th September 2016 The European benchmark ferrochrome price for the fourth quarter of 2016 has been settled at 110c a pound, 12.2% up on the 98c-a-pound price of the third quarter. Johannesburg Stock Exchange-listed Merafe Resources said last month that it expected to benefit from renewed positive ferrochrome... 

Ferrochrome price in sharp rise
Photo by Duane Daws
Merafe CEO Zanele Matlala

Pan African profit soars, dividend increased

By: Martin Creamer     21st September 2016 A year of record gold production has resulted in the Pan African Resources group delivering an outstanding set of results. In the 12 months to June 30, the gold mining operations of the London- and Johannesburg-listed company saw particularly outstanding performance from its Evander mines, which... 

Pan African profit soars, dividend increased
Photo by Duane Daws
Pan African CEO Cobus Loots

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

First global rankings of renewables use by mining companies to be released

By: Creamer Media Reporter      14th September 2016 Renewable energy information provider to the mining industry Energy and Mines has released the initial results of the first global rankings of renewables used by mining companies, identifying that the top 21 mining companies use wind and solar energy to power their operations. The ‘Energy and... 

Mining needs disruptive digital change, Electra Mining conference hears

By: Martin Creamer     12th September 2016 The mining industry, which has a past of intervening with key technologies at critical times, is currently at an important leverage point that requires disruptive change. Envisaged is that disruptive change will be supported by the interaction of people, process and technology and definitely not... 

Mining needs disruptive digital change, Electra Mining conference hears
Photo by Duane Daws
Telstra Mining Services head Jeanette McGill
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