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Chrome News

NUM, Samancor conclude 3-yr wage deal

By: Creamer Media Reporter The National Union of Mineworkers (NUM) and chrome miner Samancor Chrome have concluded a three-year wage agreement for employees at the Samancor Western Chrome and Samancor Eastern Chrome mines in Rustenburg. Employees would receive wage increases ranging from 10.7% to 14%, depending on the... 

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Work with govt to simplify mining policy – Rossouw
Photo by Duane Daws
Mike Rossouw

Mine mechanisation linked to local equipment retains jobs – Jourdan 

By: Martin Creamer Resource development strategist Dr Paul Jourdan this week called for the local manufacture of mechanised mining equipment to neutralise job losses during the switch to machines. The former Mintek president says that even though mechanisation “massively” increases the quality of work in mines and... 

Mine mechanisation linked to local equipment retains jobs – Jourdan
Photo by Creamer Media
Paul Jourdan

KWG acquires 100% chromium IP

By: Sashnee Moodley Chromite explorer KWG Resources reported on Monday that it had acquired 100% ownership rights in two US provisional patent applications relating to the production of chromium iron alloys directly from chromite ore and the production of low carbon chromium iron alloys directly from chromite... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Afarak to start Vlakpoort production in 2016

By: Megan van Wyngaardt Chromite miner Afarak Group has started bulk sampling at its Vlakpoort openpit mine, in South Africa. The dual-listed company on Monday reported that it expected the project to ramp up to full production in 2016, with measured, indicated, and inferred resources estimated at 1.9-million tonnes of... 

Assore, ARM enter agreements for R450m Dwarsrivier sale

By: Natasha Odendaal Definitive agreements have been inked for Assore’s R450-million buyout of African Rainbow Minerals’ (ARM’s) 50% indirect interest in the Dwarsrivier chrome mine, in Mpumalanga. The deal would see Assore gain full ownership of the mine, which was owned and operated by Assore and ARM’s joint... 

Tharisa shares up on platinum/chrome miner’s profitability turnaround

By: Martin Creamer The share price of the JSE-listed Tharisa plc rose strongly in Johannesburg on Wednesday on a turnaround in the profitability of the platinum group metals (PGMs) and chromium concentrates producer. The share price of the Cyprus-domiciled but South Africa-focused company, which increased PGMs... 

Tharisa shares up on platinum/chrome miner’s profitability turnaround
Phoevos Pouroulis

Junior miners should find strength in numbers – consultant

By: Megan van Wyngaardt Emerging miners should join associations, share information and facilities and jointly procure the services they needed to enable them to remain competitive and sustainable, a Chamber of Mines (CoM) consultant suggests. During a presentation at the University of the Witwatersrand School of... 

Junior miners should find strength in numbers – consultant

Zimbabwe lifts chrome export ban

By: News24Wire Zimbabwe on Tuesday lifted a four-year ban on chrome ore exports. The country also licensed 12 private companies and a state-owned firm to ship excess ore for smelting outside the country and lowered electricity tariffs for miners of the base metal from 8 cents to 6.7c per Kilowatt hour, two... 

Jobless mining engineering graduates plead for look in

By: Martin Creamer Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society... 

Jobless mining engineering graduates plead for look in
Photo by Creamer Media
Smangaliso Musawenkosi (left) and Martin Creamer

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital 

By: Martin Creamer Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the... 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital
Photo by Duane Daws
Paul Miller

Mining engineering graduates struggling to find jobs

By: Martin Creamer After decades of undersupply, mining engineering graduates are now struggling to find employment. Even more surprising, writes Professor Emeritus Huw Phillips in the latest edition of the Journal of the Southern African Institute of Mining and Metallurgy (SAIMM), is that some of the best... 

Mining engineering graduates struggling to find jobs
Photo by Duane Daws
Huw Phillips

Bauba appoints new FD, directors

By: Creamer Media Reporter JSE-listed Bauba Platinum has appointed Carl-Heinz Gernandt to succeed Willem Moolman as FD, effective May 30. Gernandt obtained a BCom internal auditing degree from the University of Pretoria in 2002 and was a member of the Association of Certified Chartered Accountants and Certified General... 

Banks fall over themselves to grant Glencore $15.25-billion in revolving credit

By: Martin Creamer A horde of banks has seemingly rushed in eagerly to grant an eventual $15.25-billion worth of revolving credit facilities to diversified mining and marketing major Glencore, as part of a refinancing exercise. Initially launched at $14-billion, the credit facilities of the London-, Hong Kong- and... 

Banks fall over themselves to grant Glencore $15.25-billion in revolving credit
Photo by Bloomberg
Iavn Glasenberg

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot

By: Martin Creamer The Chamber of Mines of South Africa on Wednesday revealed a strategic plan to get South Africa’s “great mining industry” back on the front foot. Speaking at the well-attended 125th annual general meeting (AGM) of the historic organisation, chamber president Mike Teke – who was re-elected for a... 

Chamber reveals plan to get South Africa’s ‘great mining industry’ back on front foot
Photo by Duane Daws
Chamber president Mike Teke (right) having a word with his vice-president Graham Briggs.

Exploration and mine development up to 2.5 times more costly in Canada’s North

By: Henry Lazenby A new study has found that the cost to explore and build new mines is as much as 2.5 times higher in northern Canada, mainly as a result of a lack of critical infrastructure. The study, titled ‘Levelling the Playing Field’, found that the cost of mineral exploration and building and operating... 

Exploration and mine development up to 2.5 times more costly in Canada’s North

Production up at Glencore’s South African coal mines

By: Martin Creamer Production from Glencore’s South African thermal coal mines was 10% higher in the three months to end March. The London-, Hong Kong- and Johannesburg-listed diversified mining and marketing company, headed by CEO Ivan Glasenberg, said on Tuesday that the ramp up of its newly commissioned... 

Production up at Glencore’s South African coal mines
Photo by Duane Daws
Ivan Glasenberg

Black interests opting out of once-mighty ferrochrome business 

By: Martin Creamer Black South African interests are giving South Africa’s once-mighty ferrochrome business the cold shoulder. The value-adding pursuit, which puts six times more value into chrome and generates three times more jobs than mere raw chrome exportation, was last week ditched by Royal Bafokeng Holdings,... 

Black interests opting out of once-mighty ferrochrome business
Photo by Duane Daws
Ferrochrome produced in South Africa.

Creamer Media publishes Iron-Ore 2015: A review of the iron-ore sector electronic research report

Creamer Media’s Iron-Ore 2015 report provides an overview of the global iron-ore market, with particular reference to pricing, supply and demand, as well as the trade in iron-ore. It provides information on not only the major mergers and acquisitions, and the trade of iron-ore in the sector, but... 

Creamer Media publishes Iron-Ore 2015: A review of the iron-ore sector electronic research report

Strategic minerals and the aerospace and defence industries

By: Keith Campbell The term “strategic minerals” is one that is much used but one that, in the words of Brazilian minerals lawyer Raquel Quaresma de Lima, “does not have a steady definition”, while the Science and Technology Committee of the UK House of Commons has observed that there is “no single definition of... 

Strategic minerals and the aerospace and defence industries

Merafe shares up on Glencore buying Bafokeng stake

By: Martin Creamer The shares of the black-run Merafe Resources rose sharply following the announcement that Royal Bafokeng Holdings had sold its entire shareholding to Glencore, with which Merafe has the Glencore-Merafe Chrome Venture in Limpopo province. The share price rose by 7.7% to 83 c a share in early... 

Merafe shares up on Glencore buying Bafokeng stake
Photo by Duane Daws
Zanele Matlala

Black-owned Merafe reports upped ferrochrome output from venture with Glencore

By: Martin Creamer The black-owned and black-managed ferrochrome company Merafe said on Wednesday that its chrome venture with Glencore had lifted production by 15% in the three months to March 31. The company, headed by CEO Zanele Matlala, saw its share price rise by 1.32% to 77c a share in early morning trades. 

Black-owned Merafe reports upped ferrochrome output from venture with Glencore
Photo by Duane Daws
Zanele Matlala

Canada’s mining industry welcomes federal budget 

By: Henry Lazenby Canada's national mining association has welcomed the Conservative government’s balanced federal budget 2015, citing its pleasure with renewed funding for critical areas such as environmental assessments, the Major Projects Management Office, Aboriginal education and training, and geoscience.... 

Canada’s mining industry welcomes federal budget
Photo by Reuters
Canada's Finance Minister Joe Oliver on Tuesday tabled a C$990.3-billion balanced budget.

Commission recommends approval of Assore, DCM deal

By: Natalie Greve The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, a transaction that would see mining holding group Assore acquiring African Rainbow Minerals’ 50% stake in the Dwarsrivier chrome mine (DCM), in Mpumalanga. Post-merger, Assore would have... 

Mining BEE ownership to be tested in court – Minister 

By: Martin Creamer Government, organised mining and organised labour have agreed to work collaboratively to obtain a court ruling on the crucial issue of black economic-empowerment (BEE) ownership of mines, the only sticking point of Tuesday’s Mining Charter deadline. In an interim announcement on the outcome of... 

Mining BEE ownership to be tested in court – Minister
Photo by Duane Daws
Minister Ngoako Ramatlhodi (centre), chamber's Mike Teke (left) and DMR DG Dr Thibedi Ramontja

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... 

Minerals Minister to announce mining charter audit outcomes
Photo by Duane Daws
Ngoako Ramatlhodi

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
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