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Chrome News

Price weakness stemmed from excess capital dole out – Glencore

By: Martin Creamer     27th February 2017 The commodity price weakness from 2012 to 2015 was the result of an over-allocation of capital from 2006 to 2012, Glencore CEO Ivan Glasenberg told an American audience on Monday. In an address to the BMO Metals and Mining Conference, in Miami, Glasenberg said that capital over-allocation in the... 

Bauba exceeds first production target at Moeijelijk after restarting activities

By: Megan van Wyngaardt     24th February 2017 At end-January, JSE-listed Bauba Platinum had exceeded its production target of 12 000 t of run-of-mine (RoM) ore at its Moeijelijk mine, after having resumed mining activities earlier that month. The mine was placed on care and maintenance in January 2016 as a result of low prices, but mining... 

Global mining-sector resurgence predicted 

By: Ilan Solomons     24th February 2017 Given that the global economy is expected to grow by 3.4% this year and 3.5% in 2018, the health of global macroeconomics is good, which bodes well for a resurgence in the global mining industry during the course of this year. This is according to Standard Bank mining and metals research head Tim... 

Global mining-sector resurgence predicted
Standard Bank's Tim Clark and Sandra du Toit discuss their perceptions of the state of the global mining sector and give their predictions for the year ahead.

Rapid energy access needed in Southern Africa

     24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Group to split to improve customer focus

     17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

Localised conveyor belt supply to boost operational efficiencies

By: Simone Liedtke     17th February 2017 Over the past three to four years, metal prices have dropped precipitously and North American mining operators have been forced to implement more operational efficiencies, states conveyor belt vulcaniser product provider Shaw Almex CEO Tim Shaw. 

Localised conveyor belt supply to boost operational efficiencies
CONVEYOR BELT SOLUTION Many operators have turned to offshore conveyor belt suppliers, resulting in premature product failures and unreliable supply

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

New Bill on way to boost State involvement in mining

By: Martin Creamer     10th February 2017 A new Bill is to be presented to the South African Parliament to strengthen the State’s role in the industry, currently dogged by legislative, regulatory and administrative tensions between government, business and labour. The Mining Company of South Africa Bill will be presented to Cabinet and... 

New Bill on way to boost State involvement in mining
President Jacob Zuma

Jubilee delivers first chromite production at Hernic

By: Natasha Odendaal     7th February 2017 Mine-to-metals specialist Jubilee Platinum has achieved the first chromite production at its Hernic ferrochrome project, following the successful tie-in of the chromite recovery plant into the operational stream. Commissioning of the platinum group metals (PGMs) recovery plant – the natural... 

Chamber calls on mining to renounce its apartheid past

By: Martin Creamer     6th February 2017 Mining is the foundation of the South African economy. Much of the manufacturing and services sectors exist because they were initiated to service and provide inputs to the mining industry since the second half of the 19th century. However, mining was also one of the foundation stones of South... 

Chamber calls on mining to renounce its apartheid past
Photo by Duane Daws
Chamber of Mines president Mike Teke

Amendment Bill in limbo, but processes crucial

By: Sascha Solomons     3rd February 2017 While stakeholders are waiting for the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill to pass into law, it is important to not only comply with the current version of the MPRDA, but also to take into account the proposed amendments, comments Hogan Lovells partner and head... 

Amendment Bill in limbo, but processes crucial
WARREN BEECH Renewed consultation might eliminate some of the concerns on the Mineral and Petroleum Resources Development Act Amendment Bill

Merafe improves production, cuts debt levels

By: Ilan Solomons     3rd February 2017 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, increased by 4% to 107 t, compared with the 101 t produced in 2015. Merafe said in statement last week that it expects to report basic earnings a share of... 

Merafe improves production, cuts debt levels
Photo by Duane Daws
INCREASED VALUE Merafe Resources expects to report basic earnings a share of between 20c and 23.5c for the full year, compared with the 13.7c recorded in the prior year

Zimbabwe to double ferrochrome production to 300 000 t

By: Reuters     2nd February 2017 Zimbabwe's ferrochrome production is expected to double to 300 000 t this year after the government allocated chrome concessions to small mining companies as part of efforts to boost output, the mines minister said on Thursday. Walter Chidhakwa said last year the country earned $115-million from... 

Mining remains core to defining South Africa’s economy – Manuel 

By: Martin Creamer     2nd February 2017 For the last 150 years, mining has been the driving force of South African industry and economic development. Even though dislike of mining is expressed in various ways, that does not take away from the manner in which mining has shaped South Africa and influenced the interactions of its people. 

Mining remains core to defining South Africa’s economy – Manuel
Photo by Duane Daws
Former Finance Minister Trevor Manuel

Glencore considering bid for Impala’s chrome waste business

By: Bloomberg     1st February 2017 Glencore, the mining and trading firm run by billionaire Ivan Glasenberg, is considering a bid for Impala Platinum Holdings’s 65% stake in a chrome waste-retreatment operation in South Africa, two people familiar with the matter said. Glencore already has an agreement to buy metal from Chrome... 

Bank upbeat about mining sector in 2017, predicts steady commodity price uptick 

By: Ilan Solomons     30th January 2017 Given that the global economy is expected to grow by 3.4% this year and 3.5% in 2018, the health of global macroeconomics is good, which bodes well for a resurgence in the global mining industry during the course of this year. This is according to Standard Bank mining and metals research head Tim... 

Bank upbeat about mining sector in 2017, predicts steady commodity price uptick
Standard Bank’s Tim Clark and Sandra du Toit discuss their perceptions of the state of the global mining sector and predictions for the year ahead. Video and editing: Darlene Creamer 30.1.2017

Digital mining gaining traction – EY 

By: Martin Creamer     30th January 2017 The tempo of mine modernisation – the coming together of mechanisation, digitisation and behavioural change – is on the up as mining companies pursue what is seen as the next productivity step change. With several companies having already mechanised, a growing number are now looking to digitise... 

Digital mining gaining traction – EY
Photo by Duane Daws
EY mining and metals leader Wickus Botha

Amtec

     27th January 2017 Witbank-based Applied Mineral Technologies (Amtec) specialises in the construction of materials handling systems and processing plants. “Amtec is especially proficient and experienced in brownfield and shutdown construction activities having successfully undertaken many ‘difficult’ projects in... 

Amtec

Fewer potholes on road ahead for vanadium, chrome, manganese

By: Robyn Wilkinson     27th January 2017 It has been a challenging three years for the South African mining sector, particularly for ferroalloy producers. Several producers have reduced their output, while others have either entered business rescue or have been forced to close completely, says metals, minerals, carbon and chemicals... 

Fewer potholes on road ahead for vanadium, chrome, manganese
Photo by Duane Daws
NEW-YEAR DEPICTION Ferrochrome prices will remain strong in the first half of 2017, but there might be an oversupply thereafter, leading to lower chrome-ore prices

Juniors to battle for project development prizes at Indaba

     27th January 2017 Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of the annual Investing in African Mining Indaba, says event organiser Mining Indaba MD Alex Grose. 

Juniors to battle for project development prizes at Indaba
ALEX GROSE Participating junior miners will receive feedback from a judging panel comprising members from leading investment management groups at this year’s Investment Battlefield

New equipment to be showcased

     27th January 2017 Equipment developers Volvo Construction Equipment and Terex Trucks will be represented by plant and equipment supplier Babcock at the 2017 Investing in African Mining Indaba, where it will showcase new products from the manufacturers that will be introduced this year as part of the company’s... 

New equipment  to be showcased
BIGGER AND BETTER The Volvo A60H 60 t articulated hauler is the largest of its kind in the world

Partnership to attract new investors, companies

By: Robyn Wilkinson     27th January 2017 Mining Indaba director of content Harry Chapman is confident that new investors and mining companies will be attracted to the 2017 Investment Discovery Forum (IDF) owing to its partnership with banking group Investec and investment services provider RBC Capital Markets, and programming that... 

Partnership to attract new investors, companies
FUNDING EXPANSION Guyana Goldfields will use the net proceeds of its bought deal financing to fund an expansion of its flagship Aurora gold mine in South America

Merafe increases FY output, reduces debt

By: Ilan Solomons     26th January 2017 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, increased by 4% to 107 t, compared with the 101 t produced in 2015. Merafe on Thursday said that it expects to report basic earnings a share of between 20c and... 

Merafe increases FY output, reduces debt
Glencore Merafe Chrome Venture chrome refinery

Geoscience BC gets C$10m boost, publishes its largest geophysical survey

By: Henry Lazenby     26th January 2017 The British Columbia government has made C$10-million in funding available over two years to further support its work encouraging mineral, coal, and oil and gas exploration investment in the province, Premier Christy Clark announced this week at the Association for Mineral Exploration’s Roundup... 

Geoscience BC gets C$10m boost, publishes its largest geophysical survey
Photo by Geoscience BC
British Columbia Premier Christy Clark _ Geoscience BC

‘Very tough’ mining year ahead as ‘lawfare’ breaks out – Nedbank

By: Martin Creamer     23rd January 2017 South African mining has a “very tough” year ahead, with "lawfare" breaking out. While existing large, powerful mining companies will persist, growth through new entrants and foreign investment is highly unlikely this year, resulting in escalating opportunity loss. 

‘Very tough’ mining year ahead as ‘lawfare’ breaks out – Nedbank
Nedbank mining finance principal Paul Miller

Mine safety a casualty of too many distractions, say unions as 2016 statistics show marginal improvement

By: Natasha Odendaal     19th January 2017 South Africa’s mining stakeholders need to “go back to the drawing board” and refocus efforts on bringing down the number of fatalities in the sector, trade union Solidarity's deputy general secretary for occupational health and safety and sustainable development Advocate Paul Mardon said, as a... 

Mine safety a casualty of too many distractions, say unions as 2016 statistics show marginal improvement
Photo by Duane Daws
Mineral Resources Minister Mosebezi Zwane

Despite expecting further delay to RoF development, Noront exploration guns for gold

By: Henry Lazenby     18th January 2017 Despite reporting progress with discussions between stakeholders, the largest landholder in the emerging Ring of Fire (RoF) mining camp of Northern Ontario, Noront Resources, said Tuesday that it expected further delays to the development of its cornerstone Eagle’s Nest mine. The precious and... 

High Court exposes DMR as incompetent, irrational investment obstructor

By: Martin Creamer     11th January 2017 A judgement of the Gauteng division of the High Court of South Africa exposes the Department of Mineral Resources (DMR) as an irrational institution with a high degree of incompetence that obstructs the mining investment it is meant to facilitate, lacks energy in resolving issues, allows appeal... 

High Court exposes DMR as incompetent, irrational investment obstructor

Tharisa confident of meeting FY PGM, chrome output guidance

By: Megan van Wyngaardt     11th January 2017 JSE-listed platinum group metals (PGMs) and chrome producer Tharisa on Wednesday reported that its operations remain on track to meet the 2017 full-year production guidance of 147 000 oz of PGMs and 1.3-million tonnes of chrome concentrates, of which 300 000 t will be specialty grade chrome... 

Bauba restarts chrome mining after price recovery

By: African News Agency      5th January 2017 A recovery in prices has seen Bauba Platinum resume chrome mining at its Moeijelijk Mine, the company said on Thursday. The mine was placed under care and maintenance on January 11 last year after a decline in the chrome-ore price – from $175/t to about $120/t – rendered the chrome project... 

Bauba restarts chrome mining after price recovery

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

By: Henry Lazenby     23rd December 2016 Analytics firm IHS Markit reports that its Materials Price Index (MPI) rose for a sixth consecutive week, increasing 1.4% to hit a fresh 18-month high. IHS Global Insight Pricing & Purchasing senior economist Ben Orhan pointed out that ferrous metals once again drove the index higher, gaining... 

IHS Materials Price Index jumps to 18-month high; emergent weakness to undermine momentum

Ferrochrome price settled for first quarter – Merafe

By: Megan van Wyngaardt     15th December 2016 JSE-listed Merafe Resources on Thursday said the European benchmark ferrochrome price for the first quarter of 2017 has been settled at $1.65/lb. This, the company noted in a statement to shareholders, would be an increase of 50% from the $1.10/lb price in the fourth quarter of this year. 

Stillwater deal runs deep

By: Martin Creamer     9th December 2016 The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help... 

Stillwater deal runs deep
The US assets Sibanye is buying

Implats selling chrome interest

     9th December 2016 Platinum mining company Impala Platinum (Implats) is disposing of its 65% interest in Impala Chrome, a chrome beneficiation operation that produces 200 000 t of chrome concentrate a year by processing four-million tonnes of tailings a year. As announced in a newspaper advertisement, Implats’... 

Invicta’s Walters to join Assore as CEO

     6th December 2016 JSE-listed mining holding company Assore has appointed Charles Walters CEO, effective July 1. He will join the company as CEO designate on April 1. 

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