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FERROALLOYS

Power shortage may delay up to ten new ferroalloy smelters Restricted

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State-owned power producer Eskom’s capacity crisis could delay the construction of up to ten planned smelters in South Africa’s ferroalloys industry, a well-placed source said on Friday. The senior official, who asked not to be named,...
18th January 2008
 
 
MINING INVESTMENT

Saudi’s Al Rajhi looks at ‘broad basket of commodities’ as it seeks more SA investments Restricted

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Saudi investment firm Al Rajhi Holdings, which invested more than $200-million in South African resources last year, is scouting the country for further opportunities, it said at the weekend.
11th January 2008
 
 
LEGISLATION

Final draft royalty bill revises tax rates, cuts royalties Restricted

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South Africa’s Treasury, which released the third draft of the Mineral and Petroleum Resources Royalty Bill for public comment on Thursday, has revised the tax base and slashed royalties on most minerals. The third and final draft shifted...
6th December 2007
 
 
FERROCHROME

IFM completes furnace repairs, production takes 30 000 t knock Restricted

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Integrated ferrochrome producer International Ferro Metals (IFM) has completed the replacement programme for its electrode pressure rings at its two ferrochrome furnaces in the North West province of South Africa, one month ahead of schedule, it...
6th December 2007
 
 
FERROCHROME

Merafe selects Deutsche Bank as depository bank for ADR programme Restricted

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JSE-listed Merafe Resources on Wednesday announced the appointment of the Deutsche Bank as the depository bank for the American Depository Receipt (ADR) programme of the company.
6th December 2007
 
 
CORPORATE ACTIVITY

London investor acquires control of Shaft Sinkers for R245-millon Restricted

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London based company International Mineral Resources (IMR) has acquired a 60% stake in Shaft Sinkers in a deal worth R245-million.
30th November 2007
 
 
XSTRATA CORPORATE PROFILE

Miner targets platinum, coal and nickel expansion Restricted

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Diversified mining group Xstrata Resources (Xstrata) is targeting the platinum, coal, and nickel sectors in a move to achieve company growth.
30th November 2007
 
 
MINE DEATH

Xstrata worker dies at Mpumalanga chrome mine Restricted

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Diversified mining giant Xstrata said on Thursday that a worker died at its Thorncliffe underground chrome mine, near Steelepoort, the previous day.
29th November 2007
 
 
 
 
 
 
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