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M&A

Kermas offers to buy Metmar’s stake in metal alloys producer Restricted

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Commodities marketing company Metmar rose to a new high in Johannesburg on Monday afternoon, after it announced the sale of its stake in metal alloys producer PGR 17 for R390-million to London-based Kermas. Kermas had made an irrevocable offer to...
2nd June 2008
 
 
WATER INFRASTRUCTURE

State, Limpopo miners sign water-scheme agreement Video Available Restricted

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Water Affairs and Forestry Minister Lindiwe Hendricks on Monday signed a memorandum of agreement (MoA) with 23 mining houses in Limpopo province for the development of the second phase of the Olifants River Water Resources Development Project...
26th May 2008
 
 
FERROCHROME

IFM plans R200m cogeneration project after power problems curb output Restricted

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Australia-based ferrochrome producer International Ferro Metals (IFM) has ordered ten generators from GE Jenbacher to generate up to 12,9 MW of power using waste gases at its South African furnaces, in a R200-million cogeneration project. The...
19th May 2008
 
 
Chrome

Sinter plant project exceeds expectations Restricted

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A black economic-empowered (BEE) sinterplant project in the North West province is exceeding expectations, reports joint-venture (JV) company Metuba.
11th April 2008
 
 
POWER & MINING

Stanlib says SA's power shortage won't pull the plug on resources boom Restricted

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Asset management company Stanlib said on Thursday that it would take more than Eskom to "pull the plug on the resource boom and the mining sector's resilient JSE performance". "Despite well-publicised fears of falling...
27th March 2008
 
 
diversified miner

Chrometco expects earnings turnaround after selling chrome asset Restricted

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Junior diversified miner Chrometco said on Tuesday that it expected a 130% turnaround in its earnings a share for the year ended February 29, 2008, taking the figure to 3,41c a share compared with the previously reported loss a share of 2,79c in...
25th March 2008
 
 
POWER & MINING

More than half of SA’s mines yet to lodge additional power requests - Eskom Restricted

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State-owned power utility Eskom, currently grappling with a national electricity shortage, wants to reveal exactly where the extra 5% power it is allocating to the mining industry is going, but it is up to the customers, a spokesperson said....
20th March 2008
 
 
FERROCHROME

Black-controlled ferrochrome producer Merafe JSE’s top-performing share Restricted

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The shares of the Royal Bafokeng-controlled Merafe Resources trounced the JSE All-Share Index and the JSE Mining Index to become the JSE’s top performing share in 2007. Since the start of 2006, the shares have risen 295%, 185% above that of...
14th March 2008
 
 
 
 
 
 
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Merafe expects short to medium-term ferrochrome... Video
6 000 jobs saved through 'cash-burn-avoidance'... Video
Samancor Chrome unveils long-term Esop Video
Miners should position themselves for even... Video
State, Limpopo miners sign water-scheme agreement Video
More chrome could leave South Africa... Video
Power crisis won’t hinder Dilokong chrome... Video
Eyebrows go up as Arm pays maiden dividend,... Video