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Chrome News

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

Merafe lifts interim output

By: Tasneem Bulbulia     26th July 2021 JSE-listed Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended June 30 was 199 000 t, a 65.6% increase year-on-year. The increase was mainly owing to current production being less affected by the Covid-19 restrictions, coupled with... 

Commission conditionally approves Bright Minerals, Mogale merger

By: Simone Liedtke     23rd July 2021 The South African Competition Commission has conditionally approved the proposed merger whereby miner Bright Minerals intends to acquire ferrochrome producer Mogale. Mogale was previously owned by Nasdaq- and London-listed specialist alloy producer Afarak Group, which placed its South African... 

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Tharisa serves up higher third-quarter output, revenue

By: Marleny Arnoldi     9th July 2021 LSE- and JSE-listed chrome and platinum miner Tharisa delivered record mining and processing rates in the quarter ended June 30 – the third quarter of the company’s financial year. The company produced 39 000 oz of platinum, palladium, rhodium, iridium, ruthenium and gold (6E) platinum group... 

Export tax key to unlocking dormant ferrochrome smelting capacity, says lobby group 

By: Marleny Arnoldi     8th July 2021 Mining representative group ChromeSA and ferrochrome lobby group SaveSA Smelters remain at odds about the proposed implementation of a chrome ore export tax. ChromeSA in a statement on July 7 maintained that “destroying another industry” – referring to chrome ore producers – is not a solution... 

ChromeSA steadfast that ‘destroying another industry’ is not the way to save the ferrochrome industry

By: Simone Liedtke     7th July 2021 ChromeSA on July 7 maintained that “destroying another industry” – referring to the majority of South Africa’s chrome ore producers – is “not a solution” to challenges faced by SaveSA Smelters, a group which represents individuals and companies negatively impacted by the current state of the... 

Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO  

By: Martin Creamer     6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... 

Newly appointed AngloGold CEO
AngloGold Ashanti CEO-designate Alberto Calderon interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Bauba completes acquisition of Nuco Chrome stake

By: Simone Liedtke     5th July 2021 Diversified miner and explorer Bauba Resources now owns 74% of the entire issued share capital of exploration company Nuco Chrome and the Kookfontein mine, located in South Africa’s North West province. Nuco has started site establishment of the opencast upper group two (UG2) reef and expects a... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

CRU also warns about potential negative impacts of proposed chrome tax 

By: Marleny Arnoldi     23rd June 2021 While a chrome ore tax does protect South African smelting interests, any benefit could be negated by a retaliation from China or a loss of market share for miners, says commodity analyst CRU chrome analyst Samuel Grant. The South African government in October last year announced it was... 

Chrome smelter operation in Lydenburg
Chrome smelter operation in Lydenburg

Advocacy group calls for expedited implementation of chrome ore export tax  

By: Marleny Arnoldi     21st June 2021 Lobby group Save SA Smelters has urged government to act with urgency in implementing the raw chrome ore export tax. Cabinet on October 22 released a statement in which it said it approved of measures to support the domestic ferrochrome industry, including through an export tax on chrome ore.  

Chrome smelter
Chrome smelter

Ferrochrome price to remain steady into third quarter – Merafe

By: Donna Slater     17th June 2021 JSE-listed ferrochrome producer Merafe Resources reports that the European benchmark ferrochrome price for the third quarter of this year has been settled at $1.56/lb. This value is a rollover of the ferrochrome price from the second quarter, which had represented a 32.8% increase on the... 

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill 

By: Simone Liedtke     15th June 2021 The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces. While higher-cost furnaces in southern China have been able to fill the short-term... 

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining output performs well, but off a low base

By: Marleny Arnoldi     10th June 2021 Mining output has increased by 116.5% year-on-year in April, after having increased by 22.5% year-on-year in March. The largest contributors were platinum group metals, growing by 276%; gold, growing by 177%; manganese ore, growing by 208%; and iron-ore, growing by 149%. 

Transnet reports increase in cable theft; 600 arrests made

By: Schalk Burger     10th June 2021 State-owned logistics company Transnet on June 10 reported that there was an average of 650 incidents of cable theft a month in the first five months of this year, while more than 600 arrests have been made since the beginning of the year. Transnet loses about 120 km of overhead cables a month... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Major joint effort needed to meet host community challenge – Menar  

By: Martin Creamer     7th June 2021 A major joint effort is needed by big and small mining companies, government, labour, communities and traditional leaders and municipalities to meet the host community challenge facing South Africa’s mining industry, Menar MD Vuslat Bayoglu said on Monday. Speaking to Mining Weekly in a Zoom... 

Menar MD Vuslat Bayoglu
Menar MD Vuslat Bayoglu interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Jubilee enters into supply agreement to access Bushveld Complex's eastern limb orebodies

By: Donna Slater     3rd June 2021 Aim-listed metals processing company Jubilee Metals has entered into a further long-term, more-than-ten-year mine life platinum group metals (PGMs) feed supply agreement with a chrome mining customer, thereby expanding its PGM operations to the eastern limb of the PGMs-rich Bushveld Complex. To... 

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Commodity prices soaring above cost levels shown in this CRU chart.
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Davis and former Xstrata Alloys head join FAR board

By: Mariaan Webb     1st June 2021 Sir Mick Davis has been appointed chairperson of the board of Ferro-Alloy Resources (FAR), the European vanadium company in which his Vision Blue Resources firm has invested. FAR, which trades on the London exchange, reported on Tuesday that the previously announced investment of $3.1-million by... 

Sir Mick Davis will chair Ferro-Alloy Resources.
Sir Mick Davis will chair Ferro-Alloy Resources.

Afarak sells Stellite chrome mine to South African company

By: Marleny Arnoldi     31st May 2021 London-listed Afarak Group is nearing the finalisation of the sale of its Ilitha plant, assets and mining right, in South Africa, to WMA Chrome Mining and WMA Minmet Processing for R400-million, or €23.8-million. Ilitha is a South African company that owns the Stellite mine, located on the... 

Eastplats puts ‘unproductive litigation’ behind it

By: Marleny Arnoldi     31st May 2021 JSE-listed Eastern Platinum (Eastplats) has announced that the Supreme Court of Canada has declined to hear an appeal sought by a shareholder, which sought leave to start derivative action against certain of the company’s current and former directors. The latest shareholder appeal follows the... 

Tharisa's earnings rise on booming PGM prices

By: Donna Slater     27th May 2021 Platinum groups metals (PGMs) and chrome miner Tharisa’s earnings before interest, taxes, depreciation and amortisation increased by 243.1% year-on-year to $124.2-million for the six months ended March 31. Its revenue increased by 61.2% year-on-year to $313.6-million, while its operating profit... 

Biden's EV metals import plan unlikely to match climate goals - executives

By: Reuters     27th May 2021 The Biden administration's plan to rely on ally nations for most of the metals needed to build electric vehicles (EV) ignores the complexity of modern mining and could keep the US from meeting aggressive climate goals, according to industry executives. Reuters reported on Tuesday that President... 

Senator John Barrasso:
Senator John Barrasso: "We have these minerals here. We should produce them and use them for American workers and consumers."

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

AmaranthCX director Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Crawford nickel advances to feasibility study, EV opportunities eyed

By: Mariaan Webb     26th May 2021 The Crawford nickel sulphide project is immediately advancing to the feasibility study stage, after a preliminary economic assessment (PEA) demonstrated robust economics for what will be one of the biggest nickel sulphide operations globally. TSX-V-listed Canada Nickel Company on Tuesday... 

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Climate is global issue that exceeds anything seen in centuries – Anglo   

By: Martin Creamer     20th May 2021 Recent generations have defined the environment as a critical issue for humanity and climate change represents a new and sharper focus that exceeds any single global issue that we have seen in centuries, Anglo American CEO Mark Cutifani has told the Bank of America Securities Global Metals,... 

Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
Mark Cutifani with chart showing thin slither at the top representing mining's 0.04% global footprint.
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