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IFM Section 54 notice lifted, 4 000 t of production lost

By: Leandi Kolver     Updated 1 hour 47 minutes ago International Ferro Metals (IFM) on Wednesday announced that the Section 54 notice for its two ferrochrome furnaces and pelletiser has successfully been lifted following a meeting with the Department of Mineral Resources. The Section 54 notice had been issued last week following a health and... 

IFM to appear in court in relation to Section 54 notice

By: Leandi Kolver International Ferro Metals (IFM) would on Monday appear in court in relation to a claim by the Department of Mineral Resources (DMR) that the ferrochrome producer had not met all the requirements of a Section 54 notice issued to it last week. IFM said it had suspended production at its two... 

Jubilee gains full control of Pollux, starts trial processing of platinum-containing material

By: Creamer Media Reporter Dual-listed Jubilee Platinum has entered into a deal that will see it take full ownership of subsidiary company Pollux, which holds the platinum group metal (PGM) processing rights to the Dilokong chromite mine (DCM) platinum recovery project, in Limpopo. Jubilee would acquire Emerald Panther... 

Ferrochrome smelter’s slashed power use opens way for major value-adding boost

By: Martin Creamer STEELPOORT, Mpumalanga – The Lion ferrochrome smelter owned and operated by the Glencore Merafe Chrome Venture, uses 37% less electricity than conventional ferrochrome processes to produce the equivalent volume of ferrochrome. In addition, the smelter needs far less coke than conventional... 

Ferrochrome smelter’s slashed power use opens way for major  value-adding boost

Largo Resources receives formal operating licence for Brazil flagship

By: Henry Lazenby TSX-listed Largo Resources has received a formal operating licence for its flagship Maracas Menchen vanadium mine, in Brazil. The company said on Tuesday that it had been operating on a preliminary operating licence, which it received in May that allowed it to start the production ramp-up and to... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Afarak lifts Q3 revenue despite narrowed output

By: Natalie Greve Chrome producer Afarak has lifted revenue for the third quarter, ended September 30, by 32.1% to €40.6-million, largely on the back of a 131.9% increase in processed materials sold to 26 347 t. However, the Finland-based company, formerly known as Ruukki Group Oyj, posted a 28.3% drop in earnings... 

Afarak lifts Q3 revenue despite narrowed output
Mogale Alloys

Worker killed in accident at Tharisa mine processing plant

By: Creamer Media Reporter An employee was killed in an accident at the Voyager processing plant at the Tharisa platinum-group metals and chrome mine, on the western limb of the Bushveld Igneous Complex, on Wednesday. The accident occurred during routine maintenance and all operations at the Genesis and Voyager plants had... 

Technology slashes power use at Glencore's huge S African chrome smelter 

By: Martin Creamer The Lion ferrochrome smelter owned and operated by the Glencore Merafe Chrome Venture, uses 37% less electricity than conventional ferrochrome processes to produce the equivalent volume of ferrochrome. In addition, the smelter needs far less coke than conventional smelters as well as using... 

Technology slashes power use at Glencore's huge S African chrome smelter
Photo by Duane Daws
Lion's Andre van Zyl and Martin Creamer

Glencore's Q3 ferrochrome, coal, oil, copper production up

By: Martin Creamer The South Africa-centred ferrochrome production of diversified miner Glencore lifted in the third quarter, as did its global coal, oil and copper production. The London-, Hong Kong- and now also Johannesburg-listed global mining and marketing company, headed by CEO Ivan Glasenberg, said that its... 

Glencore's Q3 ferrochrome, coal, oil, copper production up
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

IFM Q1 production down 16% owing to planned maintenance

By: Leandi Kolver London-listed International Ferro Metals (IFM) on Monday reported a 16% quarter-on-quarter drop in ferrochrome production for the three months ended September 30, as a result of planned yearly maintenance. Production for the quarter amounted to 48 216 t, with sales of 48 183 t in line with... 

300 a year doing mechanised mining courses at Wits centre

By: Martin Creamer Three hundred people a year are doing courses in mechanised mining offered by the University of the Witwatersrand Centre for Mechanised Mining Systems (CMMS). CMMS director Dr Declan Vogt, who was interviewed by Mining Weekly Online at the university, sees one of the centre’s main roles as... 

300 a year doing mechanised mining courses at Wits centre
Photo by Duane Daws
CMMS director Declan Vogt

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... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

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.
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