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Chrome News

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... 

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

Globally competitive mining legislation critically important – Motsepe 

By: Martin Creamer     8th September 2016 Globally competitive mining legislation is critically important for South Africa, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Thursday when he gave his full backing to the “once empowered, always empowered” principle currently the subject of negotiation between... 

Globally competitive mining legislation critically important – Motsepe
African Rainbow Minerals executive chairperson Patrice Motsepe talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer 8.9.2016

ARM pays lower dividend as earnings plummet

By: Martin Creamer     8th September 2016 The headline earnings of diversified mining company African Rainbow Minerals (ARM) decreased 40% to R1 051-million in the 12 months to June 30. Earnings a share were 494c, compared to 803c last financial year. 

ARM pays lower dividend as earnings plummet
Photo by Duane Daws
African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe

Assore earnings down on global iron-ore, manganese oversupply

By: Martin Creamer     7th September 2016 Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year. The Johannesburg Stock Exchange-listed company, chaired by Des Sacco, reported a poor ongoing... 

Assore earnings down on global iron-ore, manganese oversupply
Khumani iron-ore mine in Northern Cape.

Noront expands RoF land-holdings, outlines exploration and development strategies

By: Henry Lazenby     26th August 2016 Northern Ontario-focused project developer Noront Resources has increased its position as the dominant land-holder in the prospective Ring of Fire (RoF) mining camp after closing the acquisition of 75% of MacDonald Mines’ claims in the region, the company said this week. Through the transaction,... 

Schwalbe

     26th August 2016 Focused on providing products and services whilst ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and tested, with favourable results, by companies such as gold producer AngloGold Ashanti,... 

Schwalbe

Authorities close illegal chrome mine in Limpopo

By: African News Agency      24th August 2016 Police and mining resources authorities have closed down a lucrative illegal chrome mine near Burgersfort in Limpopo on Tuesday. Authorities claimed that a group of miners who claimed to be mining on the shoulder of Anglo Platinum’s Bokoni mine ran from the plant when police and Mineral Resources... 

IFM completes sale of local assets to Samancor Chrome

By: Megan van Wyngaardt     23rd August 2016 As part of its ongoing business rescue process, Aim-listed International Ferro Metals (IFM) has completed the R300-million sale of its local subsidiary to Samancor Chrome. The balance of R10-million is payable upon transfer of the immovable properties, with proceeds distributed to creditors of... 

KWG and Chinese engineering group move ahead with RoF rail feasibility study

By: Henry Lazenby     23rd August 2016 Junior exploration firm KWG Resources has appointed a China-based consulting engineering group to undertake a conditional bankable feasibility study (BFS) on a proposed railroad from the mineral properties in Ontario's Ring of Fire (RoF), to a junction with the CN Railroad at Exton, Ontario. KWG... 

Jubilee’s DCM continues to outperform original estimates

By: Anine Kilian     18th August 2016 Chromite concentrate production at Aim-listed Jubilee Platinum’s Dilokong chrome mine (DCM) tailings project reached 9 670 t in July, a 29% month-on-month increase. Jubilee, led by CEO Leon Coetzer, on Thursday said the project continued to outperform the original design numbers both in terms of... 

Glencore guiding higher ferrochrome, nickel output

By: Martin Creamer     11th August 2016 Diversified mining and marketing company Glencore on Thursday guided higher 2016 ferrochrome and nickel production – the only two commodities it expects to produce at levels higher than in 2015. Reporting lower half-year production of copper, zinc, lead, coal and oil than in the first six months... 

Glencore guiding higher ferrochrome, nickel output
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Amplats commissions quick-return chrome plant 

By: Martin Creamer     5th August 2016 A new chrome recovery plant has been commissioned at Anglo American Platinum’s (Amplats’) Amandelbult mine in Limpopo province. The chrome plant, which cost R400-million, should generate additional free cash flow at current prices of between R350-million and R400-million a year. (Also watch... 

Amplats commissions quick-return chrome plant
Anglo American Platinum CEO Chris Griffith outlines quick-freturn chrome project to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Transnet outlines ‘low-road’ investment scenario amid demand uncertainty

By: Terence Creamer     2nd August 2016 State-owned freight logistics group Transnet reports that its multibillion-rand capital expenditure (capex) plan, which has already been rephased in response to weaker-than-expected market demand, could be further moderated under what it terms a “low-road scenario”. Outlining its revised capital... 

Transnet outlines ‘low-road’ investment scenario amid demand uncertainty

Merafe expects to benefit from brighter demand prospects for ferrochrome

By: Creamer Media Reporter      1st August 2016 JSE-listed Merafe Resources expects to benefit from renewed positive ferrochrome demand trends, as well as from the fact that only four of seven South African ferrochrome producers are currently in production. Reporting on its results for the six months ended June 30, the company, which generates... 

ARM concludes R450m Dwarsrivier stake sale to Assore

By: Creamer Media Reporter      29th July 2016 Diversified miner African Rainbow Minerals (ARM) has completed the R450-million sale of its 50% indirect interest in the Dwarsrivier chrome mine to joint venture (JV) partner Assore. The Dwarsrivier mine was owned by Assmang, a JV in which ARM and Assore previously each owned a 50% interest. 

Bauba to recover R15m debt through resale

By: Natasha Odendaal     22nd July 2016 JSE-listed Bauba Platinum on Friday said an agreement had been reached that will see the company recoup R15-million of debt previously thought to be unrecoverable through the resale of recovered product. The debt owed by an undisclosed party had followed the delivery of 20 000 t of chrome ore... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon 

By: Martin Creamer     19th July 2016 Mineral Resources Minister Mosebenzi Zwane would do well to ponder last Friday’s landmark Constitutional Court judgment as he and his department mull public comments on the draft reviewed Mining Charter that he sprung on the South African mining industry in a surprise April gazetting. This is... 

Judgment shows courts won’t easily endorse Mining Charter III's blunt arithmetical quotas – Leon
Photo by Duane Daws
Herbert Smith Freehills’ Peter Leon,

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms 

By: Martin Creamer     18th July 2016 The Taxation Laws Amendment Bill released on July 8 contains two surprise amendments to mineral royalty taxation on the eve of the Davis Tax Committee’s next mining tax report, which is expected to provide the royalty regime with much needed certainty. The two amendments proposed in the Bill,... 

Tax Bill throws up royalty surprises as Davis Tax Committee mulls broader mining reforms
KPMG tax head Muhammad Saloojee talks to Mining Weekly Online’s Martin Creamer. Photographs: Duane Daws. Video and Video Editing: Nicholas Boyd.

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

Jubilee’s DCM tailings project outperforms in Q2

By: Natasha Odendaal     11th July 2016 The Dilokong chrome mine (DCM) tailings project has outperformed its original design and reached stable production during the second quarter of the year, AltX- and Aim-listed Jubilee Platinum reported on Monday. In an update to shareholders, the mine-to-metals specialist said chromite concentrate... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Bauba mulls underground chrome mine at Moeijelijk, secures 20yr mine right

By: Creamer Media Reporter      27th June 2016 The Department of Mineral Resources has granted JSE-listed Bauba Platinum a 20-year mine right for chrome on Farm Moeijelijk 412 KS. “I am very pleased to announce the fulfilment of the legislative conditions for the continuation of mining operations, beyond that permitted under the small-scale... 

Tharisa sees H1 drop in profit, revenue amid volatile commodity prices

By: Anine Kilian     13th June 2016 Dual-listed platinum-group metals (PGMs) and chrome producer Tharisa delivered a “solid” financial and operational performance in the six months ended March 31, despite volatile commodity prices, says its CEO. “While revenues for the first half of the year were impacted by the 27% drop in PGM... 

New way to mine hard rock impresses veteran researcher 

By: Martin Creamer     13th June 2016 A new way of breaking rock in Southern Africa’s narrow-reef mines is seen as safety and production enhancing. Veteran researcher Rod Pickering, who spent 20 years at the Chamber of Mines Research Organisation (Comro) running the stoping technology laboratory, says he has yet to come across a... 

New way to mine hard rock impresses veteran researcher
Mining researcher Rod Pickering speaks to Mining Weekly Online’s Martin Creamer on using foam to break rock. Video and Video Editing: Nicholas Boyd.

Big boost for South African mining as old Comro reopens  

By: Martin Creamer     13th June 2016 The revitalisation of the South African mining industry through the resuscitation of research and development (R&D) is under way as an outcome of the Mining Phakisa, a strategy forged by 120 government, company, union and nongovernmental participants, who last year spent five weeks working... 

Big boost for South African mining as old Comro reopens
Mining Phakisa outcomes are spelt out to Mining Weekly Online’s Martin Creamer. Video and Editing: Nicholas Boyd.

Legal discretion dogging mine safety inquiries – Webber Wentzel 

By: Martin Creamer     10th June 2016 The only certainty about current enforcement of South Africa’s Mine Health and Safety Act is consistent uncertainty, says Webber Wentzel partner Kate Collier. Addressing a seminar on the way the Department of Mineral Resources (DMR) approaches senior mine management in the aftermath of serious... 

Legal discretion dogging mine safety inquiries – Webber Wentzel
Webber Wentzel partners tell Mining Weeky Online’s Martin Creamer of uncertainty being mining’s new certainty. Photographs: Duane Daws. Video & Video Editing: Nicholas Boyd.

Tharisa seeks LSE listing

     3rd June 2016 Platinum-group metals and chrome coproducer Tharisa plans to list on the main market of the LSE on or about June 8. “Our decision to list on the main market of the LSE, one of Europe’s premier stock exchanges, represents an important milestone for the company in raising our international profile... 

ANC in apparent Mining Charter reversal

By: Martin Creamer     3rd June 2016 The African National Congress (ANC) appears to have reversed its stance on the Mining Charter being enforceable under the Mineral and Petroleum Resources Development Act (MPRDA) of 2002, which is a major point of contention between the mining industry and government, as it confers legislative... 

ANC in apparent Mining Charter reversal
Photo by Duane Daws
Herbert Smith Freehills Africa partner Peter Leon

Integrator has tools for long-term mining company success 

By: Martin Creamer     31st May 2016 With several major, junior and small minerals and mining services companies debt stressed, folding or in business rescue, former investment researcher Stephen Roper has come up with a longevity and success formula – with diamond consultant Dr John Bristow offering input. Accountant Roper and... 

Integrator has tools for long-term mining company success
Integrated Thinking Laboratory founder and CEO Stephen Roper talks to Mining Weekly Online’s Martin Creamer about the tools to extend the lives of mining companies. Photographs: Duane Daws. Video: Nicholas Boyd. Editing: Lionel da Silva
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