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Chrome News

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

China's Guangdong sets up tribunal to handle zombie firms – media

By: Reuters     9th August 2016 China's Guangdong province has set up a special court to deal with disputes that arise from the closure of "zombie enterprises", the official China Daily reported on Tuesday. The Guangdong High People's Court unveiled a new tribunal on Monday to help settle legal issues that might arise from the... 

China's Guangdong sets up tribunal to handle zombie firms – media

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

Caddy steps down at Bauba

By: Martin Creamer     31st May 2016 Syd Caddy has stepped down as CEO of platinum and chrome producer Bauba Platinum with immediate effect. Nick van der Hoven, who currently holds the position of executive director of legal compliance and new business development, took over as CEO from May 31. 

Caddy steps down at Bauba
Photo by Duane Daws
Outgoing Bauba CEO Syd Caddy

Mining ‘most transparent’ – Corruption Watch 

By: Martin Creamer     30th May 2016 The Chamber of Mines of South Africa on Monday welcomed the Corruption Watch report on transparency in corporate reporting, which found that South Africa’s most transparent companies came from the mining sector. Gold Fields, BHP Billiton and Anglo American Platinum come out tops in the report,... 

Mining ‘most transparent’ – Corruption Watch
Chamber CEO Roger Baxter

Commodity price indices rally as oil picks up where metals left off

By: Henry Lazenby     27th May 2016 Commodity price indices have rallied in recent weeks as strong performance by oil softened the lull in metals price movements. Scotiabank's commodity price index had improved by 4.5% month-on-month in April as energy gains more than offset metals weakness. 

Commodity price indices rally as oil picks up where metals left off

Diversification to increase service value

     27th May 2016 While larger mining companies operate their process plants on a traditional owner/operator basis, many juniors still prefer to contract out the operation of their mines as it eliminates unforeseen costs and secures proven skills, technologies and associated systems that they would not have access... 

Diversification  to increase service value
Photo by Bloomberg
DIVERSIFICATION IS KEY Enhancing overall services to clients increases the need for contracting

New acid mine water process has huge agri potential in arid areas   

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

New acid mine water process has huge agri potential in arid areas
Trailblazer Technologies director John Bewsey tells Mining Weekly Online’s Martin Creamer that the new acid mine water breakthrough could bring profitable agriculture to arid areas. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

New highly profitable acid mine water solution unveiled  

By: Martin Creamer     24th May 2016 A process has been developed that yields handsome profits by converting acid mine water into valuable fertiliser materials. The process, which purifies the water free of charge, removes all of the total dissolved solids and converts them into saleable products. 

New highly profitable acid mine water solution unveiled
Trailblazer Technologies director John Bewsey shows Mining Weekly Online’s Martin Creamer his pilot plant that eliminates acid mine drainage at a handsome profit. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editor: Lionel da Silva.

Chrome, ferrochrome output dipped in 2015 as sector went through difficult phase

By: Ilan Solomons     20th May 2016 Chrome ore and ferrochrome global output decreased marginally in 2015, which is a clear indication that the industry is going through a tough phase with some major players facing financial difficulty. This is according to International Chromium Development Association (ICDA) market research... 

Chrome, ferrochrome output dipped in 2015 as sector  went through difficult phase
GRAND GATHERING About 135 global delegates attended International Chromium Development Association’s 2016 members meeting which took place in Tirana, Albania last month

South African software to improve plant operations

By: Robyn Wilkinson     20th May 2016 South African process and operations management solutions provider BluESP is introducing Model Predictive Control, a form of advanced process control technology, with applications to improve plant efficiency in several industries, including smelting and minerals processing. 

South African software to improve plant operations
PLANT OPTIMISATION BluESP’s Model Predictive Control technology the software is ideally suited to the smelting and minerals processing industries

Lorimer decries mining’s production crash, job losses

By: Martin Creamer     17th May 2016 Mineral Resources Shadow Minister James Lorimer MP on Tuesday decried the sharply reduced output of South Africa’s once-colossal mining industry and warned that mining's “jobs bloodbath” had only just begun. State statistics compiler StatsSA reported earlier this month that South Africa’s... 

Lorimer decries mining’s production crash, job losses
Shadow Minerals Minister James Lorimer

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Miners adapting to more austere fundamental backdrop – report
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