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FERROUS METALS

Chrometco sells Rooderand chrome project for R60m Restricted

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Junior explorer Chrometco has sold its Rooderand chrome project to private company DCM Chrome for R60-million, it said on Thursday.
27th September 2007
 
 
CHROME

Merafe to participate in Xstrata's Bokamoso project Restricted

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Merafe Resources CEO Steve Phiri Black-empowered ferrochrome producer Merafe agreed to pay R181-million to diversified miner Xstrata to join the Bokamoso pelletising and sintering plant, in the North West province of South Africa, it said on Thursday. The company, led by Steve...
27th September 2007
 
 
FERROCHROME

International Ferro Metals widens loss on increased mine development Restricted

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LSE-listed and South Africa-focused ferrochrome producer International Ferro Metals (IFM) widened its after-tax loss for the year ended June 30 to R344-million, from the previous year’s figure of R242-million, it said on Monday.
25th September 2007
 
 
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
 
 
 
 
 
 
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