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Chrome News

Mystery of sanctioned tycoon's assets in Zimbabwe revival plan

By: Bloomberg     11th May 2021 In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House that would hold some of the nation’s most valuable gold, platinum, chrome and nickel mines and whose revenue would be used to revive the country’s moribund economy. The venture would be 65%... 

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions 

By: Terence Creamer     5th May 2021 A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting... 

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions

Glencore maintains full-year guidance as first-quarter production meets expectations 

By: Simone Liedtke     29th April 2021 Diversified miner Glencore’s overall production for the first quarter was broadly in line with the company’s expectations, with production reflecting that many of its operations continue to maintain thorough Covid-19 safe working practices. Full-year production guidance, however, has been... 

Glencore maintains full-year guidance as first-quarter production meets expectations
Photo by Bloomberg
CEO Ivan Glasenberg

Mining policy should be hugely supportive of exploration’s multiplier magic – investor  

By: Martin Creamer     28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor
Integral Asset Management CIO Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Programme showing promising results 

By: Halima Frost     23rd April 2021 The Advanced Orebody Knowledge (AOK) programme – one of six research programmes of the Mandela Mining Precinct – has reported notable results across a range of tests being conducted using the Precinct’s test mine near Rustenburg, in the North West. The programme aims to test and develop... 

Programme showing promising results
Mandela Mining Precinct Test Mine Manager Jurgens Visser and Advanced Orebody Knowledge manager Michelle Pienaar discusses the Mandela Mining Precincts programme and the test mine.

Glencore chair defends pay plan for commodity trader’s new CEO

By: Bloomberg     22nd April 2021 Glencore's chairperson defended an incentive plan for the commodity giant’s new chief executive officer, after prominent advisory firms urged investors to vote against it. Gary Nagle, the handpicked successor of outgoing CEO Ivan Glasenberg, will take over the helm of the world’s biggest... 

Glencore chair defends pay plan for commodity trader’s new CEO
Gary Nagle

KWG considers Rail-Veyor as Ring of Fire chromite transport option

By: Mariaan Webb     22nd April 2021 Toronto-based KWG Resources is considering using Rail-Veyor Technologies Global’s automated train technology for the transportation of ten-million tons a year of chromite ore over 326 km from the remote Ring of Fire region, the company announced on Wednesday. Rail-Veyor’s technology provides an... 

Merafe lifts first-quarter ferrochrome production

By: Donna Slater     16th April 2021 Ferrochrome producer Merafe Resources reports that its attributable ferrochrome production from the Glencore Merafe Chrome Venture increased by 3% year-on-year to 130 000 t for the first quarter of this year. The increase, which has been achieved despite the Lydenburg smelter and Rustenburg... 

South African ferrochrome industry ‘running out of time’ as it fights for survival, sustainability 

By: Simone Liedtke     13th April 2021 South Africa’s ferrochrome industry has taken its first steps towards independent power generation, with plans to generate up to 750 MW of its own electricity (comprising wind, solar and cogenerated power) by 2024, Mining Weekly can report. The industry adds significant value to chrome ore by... 

South African ferrochrome industry ‘running out of time’ as it fights for survival, sustainability

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Exploration industry has tight deadline to comment on controversial draft regulations
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Horizon chrome mine to be auctioned off

By: Donna Slater     7th April 2021 The Horizon chrome mine, near Rustenburg, which has been placed into business rescue, will be sold at an auction scheduled for April 22 by auctioneers Bidders Choice. With a claimed remaining life of mine of more than 30 years, the chrome mine’s auction will comprise the sale of movable property... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

First Nations declare moratorium on Ring of Fire mining

By: Creamer Media Reporter      6th April 2021 The Attawapiskat, Fort Albany and Neskantaga First Nations in the James Bay lowlands have declared a moratorium development in the Ring of Fire, stating that their territories and rights could be “seriously and permanently desecrated” by large scale mining. The First Nations argue that... 

First Nations declare moratorium on Ring of Fire mining

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Eastplats’ revenue buoyed by retreatment project

By: Donna Slater     26th March 2021 Owing to strong operating results from its Crocodile River Mine (CRM) retreatment project, JSE-listed platinum group metals (PGMs) and chrome miner Eastern Platinum (Eastplats) reports that its revenue for the year ended December 31, 2020, increased by 43.1% year-on-year, to $56.1-million.... 

Canada tightens takeover rules for critical minerals

By: Reuters     25th March 2021 Canada has tightened foreign investment rules to protect the security of critical mineral supply chains, a government spokesperson said on Thursday, ahead of an expected surge in demand for metals used to make electric vehicles. The move comes as the US government works with Canada to boost... 

Canada tightens takeover rules for critical minerals

Africa hosts considerable potential for green hydrogen

By: Tasneem Bulbulia     25th March 2021 While there may be many challenges, Africa has the potential to leapfrog in terms of decarbonisation and to capitalise on opportunities presented by green hydrogen, African Hydrogen Partnership secretary general Vincent Oldenbroek has said. Speaking on the second day of a two-day green hydrogen... 

South Africa playing key role in hydrogen economy – Minister  

By: Martin Creamer     24th March 2021 South Africa is playing an important role in the ‘hydrogen economy’ as the country targets clean and reliable alternative energy sources, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. In his opening keynote address to the Platinum Group Metals Industry Day chaired by... 

South Africa playing key role in hydrogen economy – Minister
Platinum Group Metals Industry Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling advancing mechanisation for two top-tier local clients
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling in muted but resilient 2020 performance
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Northam pays most tax as growth strategy heads for 8 500 jobs boost 

By: Martin Creamer     23rd March 2021 “We’ve made the single-largest tax payment in the history of the company,” Northam Platinum CEO Paul Dunne said during last week’s presentation of 74%-higher headline half-year earnings.   The JSE-listed platinum group metals (PGMs) mining company’s half-year contribution to the fiscus topped... 

Northam pays most tax as growth strategy heads for 8 500 jobs boost
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam Platinum building 10 MW solar power plant at Zondereinde smelter  

By: Martin Creamer     19th March 2021 Platinum group metals (PGMs) mining company Northam Platinum said on Friday that it was designing and building a 10 MW solar energy plant for the company’s smelter at its Zondereinde mine, in Limpopo province. Located on the northern end of the western limb of the Bushveld Complex, near the town... 

Northam Platinum building 10 MW solar power plant at Zondereinde smelter
Northam Platinum CEO Paul Dunne’s half-year presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Northam earnings soar, operational performance pumps cash 

By: Martin Creamer     19th March 2021 The earnings of platinum group metals (PGMs) mining company Northam Platinum soared in the six months to the end of December when 54% more cash was generated. Operational growth projects, initiated in a period of lacklustre metal prices, are now coming on track, and delivering valuable... 

Northam earnings soar, operational performance pumps cash
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Eastplats renews agreements with subsidiary, funder

By: Marleny Arnoldi     15th March 2021 JSE-listed Eastern Platinum (Eastplats) has executed updated retreatment project agreements, building on original agreements signed between its subsidiary Barplats Mines and Union Goal Offshore Solution in 2018. The updated retreatment project agreements include a revised framework agreement,... 

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

Just clearing exploration backlog would be huge leap forward – Miller
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Canada targets 31 critical minerals for domestic production

By: Mariaan Webb     12th March 2021 Natural Resources Minister Seamus O’Regan has announced the release of a Canadian critical minerals list, signalling to investors where the country’s focus will be in the global race to shore up supply of minerals that will drive the transition towards a low-carbon future. The list, announced... 

Canada targets 31 critical minerals for domestic production
Canadian Natural Resources Minister Seamus O'Regan

Merafe loss decreases, electricity risk remains, logistics challenge intensifies  

By: Martin Creamer     8th March 2021 Although the loss suffered by ferrochrome company Merafe Resources decreased in 2020, its electricity risk remains and its logistics challenges are intensifying. Merafe’s revenue and operating income is primarily generated from the Glencore Merafe Chrome Venture, which has a total capacity of... 

Merafe loss decreases, electricity risk remains, logistics challenge intensifies
Merafe Resources results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Electricity supply constraints, costs a challenge for South Africa's ferrochrome industry

By: Simone Liedtke     8th March 2021 Some industry stakeholders have suggested that a special electricity tariff would be a “better way” to support the embattled ferrochrome ore industry, rather than government’s recently approved export tax on exported chrome. Although the tax percentage and further details are still to be... 

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Mines anywhere, everywhere can go green – Hydrogen Optimized
Photo by Creamer Media
Fasken panel that discussed hydrogen.

Steps being taken to improve manganese export logistics – ARM 

By: Martin Creamer     4th March 2021 Steps involving the use of two ports rather than one, longer trains and increased rail wagon payload are being studied to improve the logistics surrounding the export from South Africa of manganese ore. State-owned rail enterprise Transnet has put on hold the capital expansion plan centred on the... 

Steps being taken to improve manganese export logistics – ARM
Photo by Creamer Media
The control room at African Rainbow Minerals' Black Rock manganese ore mine in the Northern Cape.

Glencore Ferroalloys launches enterprise and supplier development hub

By: Donna Slater     4th March 2021 Glencore Ferroalloys is helping to redress South Africa’s historical socioeconomic inequalities by supporting local small, medium-sized and microenterprises (SMMEs) through the recent launch of its first Enterprise and Supplier Development (ESD) Hub, in Rustenburg. Glencore opened the ESD hub,... 

ARM board approves R5.7-billion Merensky project at Two Rivers mine  

By: Martin Creamer     3rd March 2021 The board of diversified mining company African Rainbow Minerals (ARM) has approved the Merensky reef project at the Two Rivers platinum group metals (PGMs) mine, ARM CEO Mike Schmidt said on Wednesday after the company reported record financial results. The ARM-managed Two Rivers is a joint... 

ARM board approves R5.7-billion Merensky project at Two Rivers mine
African Rainbow Minerals growth projects report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

The major challenge of the mining industry is the imperative of growth – Dr Motsepe  

By: Martin Creamer     3rd March 2021 The major challenge of the mining industry is the imperative of growth, African Rainbow Minerals (ARM) executive chairperson Dr Patrice Motsepe said on Wednesday, when the 25 000-employee ARM reported record financial results. “You’ve got to replace the orebody that you’re mining with an equally... 

The major challenge of the mining industry is the imperative of growth – Dr Motsepe
African Rainbow Minerals interim results report by Mining Weekly’s Martin Creamer: Video: Darlene Creamer.

Eastplats nears million-tonne chrome concentrate output, advances PGM study

By: Marleny Arnoldi     3rd March 2021 JSE-listed Eastern Platinum (Eastplats) produced 987 003 t of chrome concentrate in 2020 from its retreatment project at Barplats Mines, at the Crocodile River Mine property, in North West. The company produced 588 006 t of chrome concentrate in 2019.  

Merafe to report narrowed loss for 2020

By: Marleny Arnoldi     26th February 2021 JSE-listed ferrochrome producer Merafe Resources expects to report a basic loss a share of between 34.6c and 45.4c apiece for the year ended December 31, 2020. This compares with a basic loss a share of 54.2c apiece reported for the prior year. 

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Test mine study under way for Fourth Industrial Revolution try-outs
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Glencore ferrochrome business evaluating clean energy projects 

By: Martin Creamer     17th February 2021 The ferrochrome business of diversified mining and marketing company Glencore, which uses a substantial amount of electricity, is evaluating various clean energy projects, Glencore ferroalloys head Japie Fullard said during this week’s Glencore a media conference. The media conference followed... 

Glencore ferrochrome business evaluating clean energy projects
Glencore Alloys CEO Japie Fullard
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