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DIVERSIFIED MINING

Chrometco loss to widen as exploration gains pace Restricted

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AltX-listed diversified junior Chrometco said on Tuesday that it expected its headline loss to have widened by 35,7% to 2c a share for the half-year ended August 31, as it spent more on exploration and development.
25th September 2007
 
 
FERROCHROME

IFM may lose up to 30 000 t output in SA after technical faults Restricted

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LSE-listed ferrochrome producer International Ferro Ferrometals (IFM) could lose as much as 30 000 t of production at its South African furnaces, after faults disrupted operations.
12th September 2007
 
 
FERROCHROME

Xstrata to decide on phase two of Project Lion by mid-2008 Restricted

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Xstrata Alloys chrome MD Deon Dreyer Diversified mining giant Xstrata is expected to make a decision on the 360 000 t/y phase two of its Project Lion ferrochrome operation in the first half of next year, an official told Mining Weekly Online. The project team was busy conducting an...
11th September 2007
 
 
DIVERSIFIED MINING

Eyebrows go up as Arm pays maiden dividend, plans big capex roll-out Video Available Restricted

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Black-owned diversified miner African Rainbow Minerals (Arm) announced its first dividend payment on Monday, amounting to R315-million. However, a local mining analyst questioned the prudence of the timing of the payout, when viewed in light of...
3rd September 2007
 
 
NICKEL

Interim plant commissioned ahead of schedule at Nkomati project Restricted

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The Nkomati nickel mine joint venture owners announced jointly on Monday that they had commissioned the R384-million interim plant in budget and ahead of schedule, and that full production would be reached earlier in the fourth quarter than...
3rd September 2007
 
 
DIVERSIFIED MINERS

Arm lifts headline earnings 161% on increased output, higher prices PDF Available Restricted

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JSE-listed diversified miner African Rainbow Minerals (Arm) said on Monday that its headline earnings for the year ended June 30 had rocketed by 161% to a record R1,2-billion, as it boosted production and enjoyed buoyant metal prices. The miner...
3rd September 2007
 
 
DIVERSIFIED MINING

Chrometco considers offer for SA chrome asset Restricted

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AltX-listed diversified mining firm Chrometco said on Thursday that it had received numerous offers for its chrome resource on portion 2 of the Farm Rooderand in the North West Province, and that it was seriously considering one particular offer...
31st August 2007
 
 
WAGE NEGOTIATIONS

Samancor Chrome settles wage dispute with workers Restricted

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Ferrochrome producer Samacor Chrome and the National Union of Mineworkers (NUM) have resolved their pay dispute and signed a wage deal, the union said on Monday.
20th August 2007
 
 
 
 
 
 
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Eyebrows go up as Arm pays maiden dividend,... Video