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Chrome News

Specialised miller grinds down challenges

By: Nadine Ramdass     20th May 2022 Specialised milling and base minerals processor African Pegmatite uses its 50 years of experience in milling and grinding to meet customer requirements while mitigating various industry challenges using creative solutions and its honed milling knowledge. The company prepares minerals that cannot... 

Tharisa’s acquisition of Karo considered to be fair to shareholders

By: Darren Parker     18th May 2022 JSE-listed integrated resource group Tharisa’s acquisition of a controlling interest in platinum group metals (PGMs) miner Karo Mining Holdings, which was announced on March 31, has been ruled fair insofar as the shareholders of Tharisa are concerned. The group announced on May 18 that the... 

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

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CSIR CEO Dr Thulani Dlamini

Sibanye-Stillwater hoists first tons from R4bn 4 000-job K4 platinum project 

By: Martin Creamer     16th May 2022 The first tons have been hoisted at Marikana K4, Sibanye-Stillwater’s high-return resumed platinum group metals  (PGM) project, which was largely predeveloped and equipped when acquired from the now defunct Lonmin in 2019. “The K4 project is an unrivalled, top-tier project in the PGM industry,... 

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The K4 headgear of the new platinum group metals shaft.

South Africa’s high-flying Jubilee creating 800 mostly long-term jobs in Zambia 

By: Martin Creamer     16th May 2022 Diversified metal recovery business Jubilee, which is rolling out an investment of R786-million in South Africa and Zambia, has offered employment and contractor opportunities to more than 800 people in Zambia, the most of which are long term, the company stated in a release on Monday. In Zambia,... 

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Copper and cobalt in Zambia and platinum group metals and chrome in South Africa.

Bauba reports R52.3m loss for eight-month period

By: Darren Parker     13th May 2022 JSE-listed Bauba Resources has reported total comprehensive losses of R52.3-million for the eight-month period ended February 28, compared with a loss of R31.4-million in the previous financial year. With effect from January 29, Bauba changed its financial year-end from June 30 to February 28 to... 

Mining production down 9.3% y/y in March

By: Creamer Media Reporter      12th May 2022 South Africa's mining production decreased by 9.3% year-on-year in March, with the largest negative contributors being gold, iron-ore, manganese ore and platinum group metals. Diamond production, which increased by 44.3% year-on-year, made a significant positive contribution to the overall figure. 

Afrimat appoints Louw as chairperson designate

By: Creamer Media Reporter      11th May 2022 Construction materials and industrial minerals producer Afrimat has appointed Francois Louw as chairperson designate. Louw was appointed deputy chairperson in February and also serves as the company's lead independent director. He will succeed Matie von Wielligh, who will be retiring as... 

Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 

By: Martin Creamer     11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... 

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Photo by Creamer Media
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

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Photo by Creamer Media
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba 

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

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Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

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Minerals Council South Africa CEO Roger Baxter.

Open letter to Mantashe bemoans lack of SLP enforcement

By: Darren Parker     9th May 2022 In an open letter to Mineral Resources and Energy Minister Gwede Mantashe, the Sekhukhune Combined Mining-Affected Communities (SCMAC), the Centre for Applied Legal Studies (CALS) and Amnesty International South Africa (AISA) raised concerns about the Department of Mineral Resources and Energy’s... 

Mineral Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media
Mineral Resources and Energy Minister Gwede Mantashe

Green hydrogen can be produced in South Africa immediately, coal conference hears

By: Martin Creamer     6th May 2022 The generation of green hydrogen is achievable in South Africa immediately and is not a complicated process, Sasol just transition office head David Kawesha said on Friday. “You just need the renewable energy resource, electrolysers to split water, and that’s really what the basic process is,”... 

Picture taken by Creamer Media
Photo by Creamer Media
McCloskey's Southern African Coal Conference panel from left moderator Randy Fabi, Tracey Davies, Steve Nicholls, Jan Oberholzer and David Kawesha.

Only way to fix Eskom, Transnet is to work as SA Inc, conference hears 

By: Martin Creamer     6th May 2022 Putting South Africa’s 60-million people first and working as South Africa Incorporated – SA Inc – is the only way to solve the problems of this country’s biggest State-owned enterprises, Eskom and Transnet. This message was put out loudly and clearly during a panel discussion at McCloskey’s... 

Picture supplied
Sereti CEO Mike Teke

World Coal Association favours just energy transition to net zero future 

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

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Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Sibanye suspends gold guidance, but reports strong first-quarter earnings 

By: Donna Slater     5th May 2022 JSE- and NYSE-listed precious and battery metals miner Sibanye-Stillwater has reported adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of R13.66-billion ($898-million) for the quarter ended March 31. This marks a 31% year-on-year decrease from the record Ebitda of... 

An image of Sibanye-Stillwater's Kroondal operation
Sibanye-Stillwater's Kroondal operation

South Africa would do well to highlight its key iridium status to world that needs this very rare metal  

By: Martin Creamer     3rd May 2022 South Africa would do well to highlight its key iridium supply status to gain the full confidence of a world that requires this very rare platinum group metal (PGM) to advance the fast-moving hydrogen economy. Iridium is a potent co-roleplayer with PGM stalwart platinum when it comes to... 

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SFA Oxford CEO Henk de Hoop interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Sinosteel, Deen Holdings merger gets the green light

By: Marleny Arnoldi     26th April 2022 The Competition Tribunal has given the go-ahead for Chinese State-owned Sinosteel Group Corporation to merge with Deen Holdings Corporation, by way of Sinosteel solely controlling Deen. However, the tribunal approved the merger with conditions relating to employment and the promotion of a... 

Wimbledon opts for platinum to mark Queen’s jubilee, centre court centenary 

By: Martin Creamer     26th April 2022 In the year of the Queen of England’s platinum jubilee, the coins to be used in the Wimbledon ladies’ and gentlemen’s singles finals coin toss will be made of platinum for the first time in the championships’ history. This follows last month’s unveiling by the UK Royal Mint of its largest ever... 

Image supplied by WPIC
Platinum coin to be tossed at Wimbledon.

Glencore-Merafe Chrome Venture reports a decrease in first-quarter production

By: Darren Parker     22nd April 2022 On April 22, ferrochrome producer Merafe said attributable ferrochrome production from the Glencore-Merafe Chrome Venture – a joint venture between diversified miner Glencore and Merafe through a pooling and sharing agreement – marginally decreased by about 3.1% year-on-year for the quarter ended... 

President Ramaphosa to deliver keynote address at Mining Indaba 2022

By: Martin Creamer     20th April 2022 President Cyril Ramaphosa will deliver a keynote address at the 2022 Investing in African Mining Indaba, which takes place in Cape Town from May 9 to 12. The attendance of Ramaphosa, who will speak on Tuesday, May 10, signals the continued importance of mining to the South African economy as a... 

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President Cyril Ramaphosa.

Greater fuel cell adoption would be a massive boost for South Africa’s platinum group metals  

By: Martin Creamer     13th April 2022 The enactment by more governments of policies to enable greater hydrogen fuel cell mobility would be a massive boost for South Africa’s platinum group metals (PGMs) sector, Mining Weekly can today report. Adoption of hydrogen fuel cell mobility has already been significantly enabled by the German... 

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PGMs Industry Day webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Tharisa maintains good PGMs production despite quarter-on-quarter drop in production

By: Darren Parker     12th April 2022 LSE- and JSE-listed platinum group metals (PGMs) and chrome producer Tharisa reported a decrease in production at its Tharisa mine in South Africa in the second quarter, ended March 31, compared with the first quarter of its current financial year, but said the rate was still at record levels. In... 

Tharisa maintains good PGMs production despite quarter-on-quarter drop in production

Clients planning to close many renewable energy project deals this year – Nedbank CIB  

By: Martin Creamer     11th April 2022 While Africa is blessed with great natural sun and wind resources, it has about 600-million people living without access to electricity, which is one of the biggest impediments to the continent’s economic growth. Renewable energy is available to put an end to this impediment, as it can provide... 

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Nedbank CIB Group Managing Executive Anél Bosman interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Green finance taxonomy to help investors make green project decisions – law firm 

By: Martin Creamer     5th April 2022 South Africa’s first green finance taxonomy will help investors and financial institutions make more informed decisions on ‘green’ projects, say Webber Wentzel’s Patrick Heron and Joon Chong. Heron and Chong describe the taxonomy, launched by National Treasury last Friday, as an official... 

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Patrick Heron (left) and Joon Chong.

Zimbabwe mines see $10bn funding shortfall over five years

By: Bloomberg     5th April 2022 Zimbabwe’s mining industry sees a funding shortfall of $10-billion over the next five years, a challenge compounded by erratic power supplies and exchange-rate volatility. While Zimbabwe has the world’s third-biggest reserves of platinum-group metals, plus gold, diamond and chrome mines,... 

Minerals Council ending century-long relationship with Johannesburg CBD

By: Martin Creamer     4th April 2022 Minerals Council South Africa has begun a new era by moving into modern premises in Rosebank, Johannesburg, and closing a century-long chapter in Johannesburg’s central business district (CBD). The historic Minerals Council building, on Hollard Street– which was constructed in 1921 – will be sold. 

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Photo by Creamer Media
Historic Minerals Council building, on Hollard Street.

Platinum supply on downhill slope – Northam  

By: Martin Creamer     31st March 2022 Platinum group metals (PGMs) mining company Northam Platinum displayed graphs during Thursday’s presentation of half year results, which indicate that PGMs supply is on a hiding to nothing on the way to 2040. “There’s a systematic global primary supply problem and the scarcity of both new PGM... 

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Northam Platinum half-year results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

White Paper on rail lauded as SA loses at least 1% of GDP to Transnet inefficiency  

By: Irma Venter     31st March 2022 The South African coal, chrome, iron-ore and manganese mining sectors lost between R39-billion and R50-billion in export earnings last year as Transnet struggled with capacity to rail bigger volumes of these commodities to ports, says economists.co.za chief economist Mike Schussler. “To put this... 

Image of a rail track

Biden’s battery-metal push does nothing to ease mining permit bottleneck

By: Bloomberg     31st March 2022 The US is set to give the mining industry a key tool to boost domestic production of metals behind the energy transition -- but nothing that speeds up efforts to dig ore out of the ground. President Joe Biden is poised to add battery metals to the list of items covered by the 1950 Defense... 

An image of US President Joe Biden
US President Joe Biden

Growth outcomes inform approach to dividends ­as Northam digs in on RBPlat deal

By: Martin Creamer     31st March 2022 Growth outcomes will inform Northam Platinum’s approach to dividends, the platinum group metals (PGMs) company stated in reporting 60%-higher half-year headline earnings a share. Northam highlighted that it still had an option to acquire a further 3.29% in Royal Bafokeng Platinum (RBPlat), which... 

Creamer Media picture.
Photo by Creamer Media
Northam Platinum CEO Paul Dunne

Africa has prime opportunity to provide commodities usually supplied by Russia

By: Marleny Arnoldi     29th March 2022 As Western Europe accelerates a structural transition away from Russian energy dependence, Africa will play a salient role in filling this void, says Oxford Economics Africa (OEA). During a webinar on March 29, the research company unpacked how a more pressing shift towards renewable energy and a... 

Ferrochrome price settles at $2.16/lb for the second quarter

By: Marleny Arnoldi     25th March 2022 JSE-listed Merafe Resources has advised shareholders that the European benchmark ferrochrome price for the second quarter of the year has been settled at $2.16/lb. This marks a 20% increase from the first quarter of the year.  

Renewable-energy projects Merafe’s 2022 focus, says CEO Zanele Matlala   

By: Martin Creamer     22nd March 2022 The focus of ferrochrome company Merafe Resources in 2022 will be on renewable energy projects, along with efficient operations, cash management and well-ordered capital allocations, CEO Zanele Matlala said on Tuesday. The year 2021 has been one of spectacular recovery for the Glencore Merafe... 

Creamer Media screenshot of pictures on Merafe website.
Merafe Resources presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Cash-flush ferrochrome producer Merafe declares dividend on record profit

By: Martin Creamer     22nd March 2022 The year 2021 was a year of recovery for the Glencore Merafe Pooling and Sharing Venture, both from a financial and operational perspective. JSE-listed Merafe, headed by CEO Zanele Matlala, reported on Tuesday that Improved economic activity had contributed to robust demand for ferrochrome,... 

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Photo by Creamer Media
Merafe Resources CEO Zanele Matlala

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Now’s the time for full energy freedom, says green hydrogen stalwart Andrew Forrest 

By: Martin Creamer     17th March 2022 Let’s give energy sovereignty to the world. Renewable energy is everywhere. Every country can produce it. Now is the time to capture it, and have full energy freedom, enthused Fortescue Metals Group nonexecutive chairperson Andrew Forrest, while being interviewed by CNN anchor Christiane... 

Creamer Media screen shot.
Photo by Creamer Media
Fortescue Metals Group nonexecutive chairperson Andrew Forrest (right), being interviewed by CNN anchor Christiane Amanpour.
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