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PLATINUM

Bauba plans to mine chrome to fund platinum exploration

Struggling Bauba Platinum intends generating cash flows from chrome mining to fund its continued search for platinum group metals (PGMs), in Limpopo province. JSE-listed Bauba Platinum, headed by CEO Syd Caddy, is a platinum group metals (PGM)...
19th December 2013
 
Chrome

Ruukki cuts CEO and board members in restructuring drive

LSE- and Nasdaq-listed chrome mining and minerals producer Ruukki Group announced on Tuesday that it would undergo an extensive restructuring to better align it with the scope of the company's current operations and prevailing market conditions.
15th January 2013
 
CHROME

Higher ferrochrome price fix lifts Merafe share price

The share price of the South African black-owned ferrochrome producer Merafe Resources rose here on the announcement of a 2% higher ferrochrome price settlement. The European benchmark ferrochrome price of $1.125/lb for the first quarter of 2013...
19th December 2012
 
CHROME

Merafe expects chrome export duty decision by February Video Available

South African black-owned ferrochrome producer Merafe Resources was hoping for “some kind of resolution” on proposals for a chrome ore export duty by February next year, CEO Zanele Matlala said Tuesday. Such taxes were aimed at limiting the...
7th August 2012
 
MINERALS LEGISLATION

Exorbitant fees, low prices threaten to sink Zim chrome miners

The Zimbabwe Mining and Smelting Company (Zimasco) – the country's biggest chrome miner and ferrochrome producer – says the huge increase in ground rental fees gazetted by government early this year has raised the operational costs of its...
6th July 2012
 
Photo of the Week

KEEN INVESTORS

The Helsinki- and London-listed Ruukki board came to Johannesburg last week with the message that the company intends devoting energy, investment and time to grow the business in South Africa. Ruukki board members pictured are Philip Baum, a...
16th November 2010
 
FERROCHROME

Ruukki's SA investment hits R3bn, JSE listing likely

The Helsinki- and London-listed Ruukki, which has invested R3-billion in South Africa so far, will soon have two assets and two major projects to manage in this country, which it believes has "huge potential". Ruukki South Africa CEO Dr Alistair...
10th November 2010
 
MINING EQUIPMENT

Sandvik unveils upgraded low-profile LHDs

International designer and manufacturer of machinery for underground mechanised mining Sandvik launched a new range of low profile load haul dumpers (LHDs) at this year’s South African Institute of Mining Metallurgy’s yearly International...
22nd October 2010
 
ACQUISITION

Chromex expands in Zimbabwe with Waylox acquisition

Aim-listed Chromex Mining on Monday announced that it had concluded the $1,15-million acquisition of Zimbabwean chrome mining company Waylox. The acquisition would be paid with $300 000 in cash and the balance in new ordinary shares in Chromex....
10th May 2010
 
CHROMEX MINING

Company Announcement: Chromex Mining plc (‘Chromex’ or ‘the Company’) Acquisition of Waylox Mining (Pvt) Ltd - Zimbabwe PDF Available

Attached please find a press release on: Chromex Mining plc, the AIM listed chrome mining company focussed in Southern Africa, is pleased to announce that it has concluded the acquisition of Waylox Mining (Private) Limited (‘Waylox’), a chrome...
10th May 2010
 
M&A

Cliffs prepares to tackle ferrochrome market

Cleveland, Ohio-based Cliffs Natural Resources, which already sells iron ore and coal to steelmakers, now expects to be producing and shipping ferrochrome, an ingredient used to prevent corrosion in stainless steel, by 2015. On Monday, the...
24th November 2009
 
CREDIT CRUNCH

Samancor Chrome prepares to retrench, 900 jobs at risk

South African chrome-miner and ferrochrome producer Samancor Chrome said on Tuesday that it was preparing to retrench workers as a consequence of its planned 55% cut in smelter production and 50% cut in chrome mining during 2009. Of the 4 800...
10th March 2009
 
 
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