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FERROUS METALS

Liberian govt mulling iron-ore bids Restricted

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The Liberian government says it is reviewing bids from several companies wanting to mine iron ore in the country’s western and central belts. Liberia’s Lands, Mines and Energy Ministry says the western cluster consists of former iron-ore mines...
1st February 2008
 
 
FERROCHROME

Ferrochrome producers close furnaces to reduce power demand Restricted

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South African ferrochrome producers said on Friday that they had closed their smelting operations in order to reduce electricity demand to a minimum.
25th January 2008
 
 
FERROCHROME

IFM confident about future despite faults, power cuts hitting output Restricted

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International Ferro Metals CEO Stephen Turner Ferrochrome producer International Ferro Metals (IFM) is on track to produce 133 700 t of the stainless-steel ingredient in the first half of 2008, after having produced at about one half of its capacity in the second-half of 2007, it said on...
23rd January 2008
 
 
CHROME

Merafe expects 83% jump in headline EPS on higher prices Restricted

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Black-owned mining firm Merafe Resources expects to report growth in headline earnings a share for the year ended December 31, as high as 83%, compared with the figure of 6c a share for the year before, it said on Friday.
18th January 2008
 
 
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
 
 
 
 
 
 
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