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Chrome News
Positive prices buoying ferrochrome business – Merafe
By: Martin Creamer 3rd May 2017 Ferrochrome prices for the first half of 2017 are providing ongoing momentum for the ferrochrome business, which is poised to benefit from this year’s stainless steel production growth rate forecast of 3.5%. The demand for ferrochrome is driven overwhelmingly by the production of stainless steel,... →
Tharisa expects interim earnings to surge on higher commodity prices
By: Natasha Odendaal 2nd May 2017 A significant recovery in commodity prices, particularly chrome, during the six months to March 31, is expected to bolster the first-half earnings of dual-listed Tharisa. Tharisa expects to report basic earnings per share (EPS) and headline earnings per share (HEPS) for the six months under... →
Platinum's process leap given Parliamentary pep
By: Martin Creamer 28th April 2017 A significantly improved platinum group metals (PGMs) processing method has been developed with the assistance of South Africa's State-owned Industrial Development Corporation (IDC), Economic Development Minister Ebrahim Patel has informed Parliament. In response to questions posed by Shadow... →
Economic Development Minister Ebrahim Patel
Positive prices buoying ferrochrome business – Merafe
By: Martin Creamer 28th April 2017 Ferrochrome prices for the first half of 2017 are providing ongoing momentum for the ferrochrome business, which is poised to benefit from this year’s stainless steel production growth rate forecast of 3.5%. The demand for ferrochrome is driven overwhelmingly by the production of stainless steel,... →
Merafe Resources CEO Zanele Matlala in conversation with Mining Weekly Editor Martin Creamer.
KWG, Marten Falls First Nation to establish equal partnership to kick-start RoF development
By: Henry Lazenby 26th April 2017 Junior project developer KWG Resources has undertaken to strike an equal partnership with the Marten Falls First Nation to kick-start infrastructure development in the remote emerging mining district known as the Ring of Fire, in Northern Ontario. The parties envision the establishment of... →
Competition Commission approves buyout of ASA Metals' ferrochrome production assets
By: Megan van Wyngaardt 24th April 2017 The Competition Commission has recommended that the Competition Tribunal approve the proposed merger between ferrochrome producer ASA Metals and Newco. Newco is a newly created joint venture between Sinosteel and Samancor. Sinosteel operates globally in the production, supply and procurement of a... →
Despite slower growth, China still key market for miners and Africa
By: Keith Campbell 21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... →
Noront, Marten Falls First Nation ink exploration and project advancement agreement
By: Henry Lazenby 14th April 2017 The largest landholder in the so-called Ring of Fire, an emerging base and precious metals mining camp in Northern Ontario, has signed an exploration and project advancement agreement with the Marten Falls First Nation (MFFN). The accord stipulates compensation for work already completed on... →
LatAm water scarcity, pollution to drive more stringent enviro rules
By: Henry Lazenby 12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... →
Tharisa on track to meet full-year guidance, reports solid Q2 production
By: Megan van Wyngaardt 10th April 2017 Posting strong production of 34 000 oz of platinum-group metals (PGMs) and 314 000 t of chrome concentrate for the quarter ended March 31, dual-listed Tharisa on Monday said it remained on track for full-year production of 147 000 oz of PGMs and 1.3-million tonnnes of chrome concentrate. During... →
Bauba secures 20yr water-use licence for Moeijelijk
By: Creamer Media Reporter 7th April 2017 JSE-listed Bauba on Friday announced that the Department of Water and Sanitation has granted a 20-year water-use licence (WUL), effective March 30, for the farm Moeijelijk 412. This is an upgrade from the general authorisation for water use, which limited the extent of Bauba’s chrome mining... →
Platinum has best price improvement prospects – Major
By: Martin Creamer 6th April 2017 Platinum has better price improvement prospects than virtually any other commodity, Cadiz Corporate Solutions mining director Peter Major said on Thursday. Speaking at a breakfast to publicise the upcoming Junior Indaba on June 7 and 8, Major cast doubt on gold going much higher, said iron-ore... →
Tharisa switching to in-house mining
By: Martin Creamer 4th April 2017 Platinum- and chrome-mining company Tharisa is transitioning from contract mining to owner mining at its Tharisa operation, taking over the employees and equipment of contractor MCC. The Johannesburg Stock Exchange-listed Tharisa, headed by CEO Phoevos Pouroulis, said on Tuesday that it had been... →
New cost-slashing platinum technology ready to roll – Pallinghurst
By: Martin Creamer 31st March 2017 JOHANNESBURG (miningweekly.com) – Years of diligent research and development have paid off for Pallinghust group platinum mine Sedibelo, which is now ready to implement an amazing new technology that will send platinum processing costs tumbling down the cost curve, use a fifth of the electricity... →
Pallinghurst CEO Arne Frandsen
New pumps range lowers costs, enhances performance at integrated ferrochrome producer
By: Dylan Slater 31st March 2017 Following the launch of heavy-duty pump solutions company Pump and Abrasion Technologies’ (PAT’s) new Curve range of pumps in September 2016, a North West-based ferrochrome producer has installed the new Curve series pumps at its plant. →
Mining showing tentative improvement off low base – chamber
By: Martin Creamer 30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... →
Chamber of Mines economist Henk Langenhoven
Proponents see glistening future in seabed mining, but environmentalists fret
By: Megan van Wyngaardt 24th March 2017 With the current known mineral deposits on land increasingly being depleted globally, necessitating greater exploration, interest in the prevalence of deep-sea minerals is growing as mining companies look for future sources to exploit. “The ocean is where future resources exist,” India Council of... →
EIUG supports Eskom plan for new pricing deals with power-intensive firms 
By: Terence Creamer 22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... →
Take community engagement seriously, ARM’s Motsepe advises 
By: Martin Creamer 16th March 2017 The South African mining industry must take community engagement extremely seriously to prevent this country’s global competitiveness from being negatively impacted, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe urged on Thursday. Speaking at question time after ARM... →
High Q1 ferrochrome price settled at lower Q2 level – Merafe
By: Martin Creamer 15th March 2017 The European benchmark ferrochrome price has been settled at US$1.54/lb for the second quarter (Q2) of 2017, a decrease of 6.7% on the high-flying US$1.65c/lb first quarter (Q1) price, Merafe Resources announced on Wednesday. The settled Q2 price is well up on the average 2016 European benchmark... →
Merafe Resources CEO Zanele Matlala
Chrome ore price improvement delivers good results for Bauba
By: Megan van Wyngaardt 13th March 2017 Embattled junior miner Bauba Platinum has had a strong start to the calendar year since resuming production at its Moeijelijk mine, selling around 20 000 t of free-on-truck (FoT) chrome, for R79-million in the first two months. In its results for the six months to December 31, the company noted... →
ANC says law-making powers trump courts in South Africa mine ownership fight
By: Bloomberg 10th March 2017 South Africa’s ruling party said mining companies should seek agreement with the government over ownership rules rather than challenging them in court because even if they win a legal battle, legislation can still be changed to further the aim of spreading wealth to the nation’s black majority.... →
ANC economic policy head Enoch Godongwana
Certification grows company’s sales, ups market share
By: Victor Moolman 10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. →
African mining delegation closes TSX
By: Henry Lazenby 9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... →
Merafe hits high spots with record results
By: Martin Creamer 7th March 2017 Ferrochrome company Merafe Resources on Tuesday reported record production, record revenue and a major jump in headline earnings in the 12 months to December 31. Production hit the 393 000 t mark, revenue lifted to R5.7-billion, headline earnings a share soared 53% to 21.2c, safety improved and... →
Merafe CEO Zanele Matlala
‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty
By: Henry Lazenby 7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... →
Stakeholder engagement key to African development success
By: Henry Lazenby 7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... →
Facilitating investor support ahead of upturn in cautious market
By: Simone Liedtke 3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. →
Water resources under increasing pressure, bad news for mining
By: Simone Liedtke 3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. →
Proactive healthcare can yield a return on investment for miners
By: Simone Liedtke 3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... →
Drilling services provider declares Indaba ‘great success’
By: Simone Liedtke 3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. →
Tough times call for cost-saving measures
By: Simone Liedtke 3rd March 2017 Mining in South Africa is tougher and costlier than ever, with investment flowing out of the country, instead of into the industry, says transport, industrial and heating fuel provider Shell South Africa commercial lubricants business-to-business marketing manager Tendani Ndwamise. →
Amplats chrome plant contractor looks to local community first for skills
By: Dylan Slater 3rd March 2017 Local skills and expertise played a key role in helping to develop a marginalised community during the development and construction of platinum miner Anglo American Platinum’s (Amplats’) new chrome recovery plant, according to project engineering, procurement and construction company Logiman. →
CHROME RECOVERY PLANT Design and construction of Amplats’ new chrome recovery plant involved extensive input from the local community
New minerals head appointment sets cat among mining pigeons
By: Martin Creamer 2nd March 2017 The Chamber of Mines said on Thursday that it had been caught by surprise by the appointment of the new director-general of the Department of Mineral Resources (DMR). While the chamber acknowledged that the appointment of the director-general was the prerogative of the Minister, it believed that... →
Chamber of Mines CEO Roger Baxter with Senior Public Affairs Executive Tebello Chabana
Cabinet discusses new minerals director-general, mine water and mine town steps
By: Martin Creamer 2nd March 2017 The Cabinet this week endorsed the appointment of Advocate Thabo S Mokoena as the new director-general of the Department of Mineral Resources (DMR), a position that has been vacant for more than a year, and also approved the gazetting of a draft mine water management policy for public comment, as... →
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... →
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