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Chrome News

Jubilee completes Sable Zinc refinery acquisition

By: Nadine James     12th July 2019 Aim-listed metals processing company Jubilee Metals Group on Thursday confirmed the completion of its acquisition of the Sable Zinc Kabwe refinery, in Zambia. “I am delighted that we have successfully achieved all conditions precedent for the implementation of the Sable Zinc Kabwe acquisition,... 

Tharisa mine set for strong finish to 2019 financial year 

By: Marleny Arnoldi     9th July 2019 Platinum group metals and chrome miner Tharisa says an improvement in key production metrics has set its Tharisa mine up for a strong finish to the 2019 financial year. For the third quarter ended June 30, Tharisa achieved a 2% quarter-on-quarter improvement in reef tonnes mined and a 5.4%... 

Tharisa mine set for strong finish to 2019 financial year
Tharisa CEO Phoevos Pouroulis

Former workers demand reopening of Dilokong chrome mine – NUM

By: African News Agency      1st July 2019 Workers affiliated to the National Union of Mineworkers (NUM) were due to stage a protest march in Polokwane on Monday and hand over a memorandum to the department of mineral resources and energy, among others, demanding the reopening of the Dilokong chrome mine, the union said. Dilokong has been... 

‘Platinum Valley’ SEZ in three months – Patel 

By: Martin Creamer     26th June 2019 The legal entity for the Bojanala Platinum Valley Special Economic Zone (SEZ) in North West, which already has an investment pipeline in place, will be set up in the next three months, Trade and Industry Minister Ebrahim Patel promised on Tuesday evening. Fuel cell development is listed as the... 

‘Platinum Valley’ SEZ in three months – Patel
Photo by Creamer Media's Dylan Slater
Trade and Industry Minister Ebrahim Patel

Lanxess Mine strike: Mineworkers' health at risk, two more taken to hospital

By: African News Agency      26th June 2019 The health of some of the hundreds of mine workers who are staging a sit-in underground at Lanxess mine outside Rustenburg was deteriorating, said a worker who spoke to a union representative using a two-way radio on Wednesday. The worker was speaking from underground to National Union of... 

Numsa underground strike at Lanxess in Rustenburg is 'illegal'

By: African News Agency      25th June 2019 The ongoing underground strike by members of the National Union of Metalworkers of South Africa (Numsa) at Lanxess Chrome Mine (LCM) in Rustenburg was illegal, the mine said on Monday. "The strike has been declared illegal by a Johannesburg court but is ongoing. The main focus of LCM is currently... 

Third-quarter ferrochrome price down 13% q/q

By: Nadine James     14th June 2019 JSE-listed Merafe Resources on Friday advised shareholders that the European benchmark ferrochrome price had been settled at $1.04/lb for the third quarter. This represents a 13.3% decrease on the ferrochrome price of $1.20/lb for the second quarter, and is the lowest level since the third... 

Afarak idles two Mogale furnaces amid electricity supply, price challenges  

By: Marleny Arnoldi     12th June 2019 LSE- and Nasdaq-listed specialist alloy producer Afarak has decided to idle the two submerged arc furnaces at its Mogale Alloys processing facility, in Krugersdorp, South Africa. “The business environment in South Africa, with the irregular availability and the high cost of energy has... 

Finnish agency orders audit firm to probe Afarak’s accounts for certain financial periods

By: Tasneem Bulbulia     7th June 2019 The Regional State Administrative Agency of Southern Finland has ordered audit firm Idman Vilån Grant Thornton Oy, with Chartered Accountant Jussi Savio as principal auditor, to conduct a special audit of LSE-listed Afarak Group’s administration and accounts for various financial periods.... 

TFR to conduct yearly maintenance shutdown on MMC line this month

By: Simone Liedtke     5th June 2019 State-owned Transnet Freight Rail (TFR) will be conducting its yearly maintenance shutdown on the Mineral Mining and Chrome (MMC) line from June 4 to 10.  The shutdown will allow TFR to undertake maintenance work that cannot take place during normal occupational conditions. 

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Afarak attributes €7.5m first-quarter loss to low prices, sales volumes

By: Nadine James     17th May 2019 A higher chrome benchmark price and increased sales volumes are expected to result in an improvement in London-listed Afarak Group’s financial performance for the second quarter, after the company posted a €7.5-million loss for the first quarter. The company attributed the first-quarter loss to... 

$62m Zimbabwe smelter heeds local beneficiation call 

By: Martin Creamer     16th May 2019 The $62-million smelter at Unki Mine’s existing complex is a strategic investment, which meets local beneficiation commitments, Anglo American Platinum said on Thursday, when it opened the completed installation at a ceremony in Shurugwi, Zimbabwe. The smelter investment is indicative of the... 

$62m Zimbabwe smelter heeds local beneficiation call
Matte casting at the new smelter at Anglo American Platinum’s Unki Mine in Zimbabwe.

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit 

By: Martin Creamer     15th May 2019 Platinum group metals and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005-a-share payout on earnings a share of $0.4c, in... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit
Photo by Creamer Media
Tharisa Minerals CEO Phoevos Pouroulis.

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Noront expects ‘lengthy’ enviro permitting phase for ferrochrome plant

By: Mariaan Webb     13th May 2019 Development company Noront Resources has settled on a site for the ferrochrome plant that it plans to build to treat ore from its chromite mines in the emerging Ring of Fire camp, but the junior is expecting “lengthy” environmental assessment phase and says commissioning of the facility is still... 

Lower chrome price, higher costs drag down Tharisa’s interim earnings

By: Marleny Arnoldi     10th May 2019 JSE- and LSE-listed platinum-group metals (PGMs) and chrome producer Tharisa expects to report basic earnings per share (EPS) and headline earnings per share (HEPS) of $0.04 apiece for the six months ended March 31. This is a decrease of 60% compared with the EPS and HEPS of $0.10 apiece... 

Low morale, management turnover hit Lonmin output

By: Martin Creamer     10th May 2019 Low morale and high management turnover hit the operational performance of Lonmin heavily in the six months to March 31. In reporting a 4%-reduced workforce to 29 812, Lonmin CEO Ben Magara reiterated his conviction that the consolidation of the company through the all-share Sibanye-Stillwater... 

Low morale, management turnover hit Lonmin output
Photo by Creamer Media
Lonmin CEO Ben Magara

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Mine Restoration Investment looks at chrome deal to return from JSE wilderness

By: African News Agency      25th April 2019 JSE-listed Mine Restoration Investment (MRI) said on Thursday that it had reached consensus on certain key terms with the owners of the chrome mine it wants to buy, but said thy were still in negotiations about the transaction. MRI, whose shares were voluntarily suspended from the JSE in July... 

Merafe’s first-quarter chrome production down 1% y/y

By: Marleny Arnoldi     25th April 2019 JSE-listed Merafe Resources’ ferrochrome production from the Glencore Merafe joint venture decreased by 1% in the quarter ended March 31 to 104 000 t, compared with the 105 000 t produced in the quarter ended March 2018. The company previously stated that growth in demand was projected for... 

South Sudan invites investment in agriculture, mining, oil

By: Marleny Arnoldi     24th April 2019 Since its official independence from Sudan in 2011, South Sudan has ripened the environment for investment in the country, which was apparent when the country’s Ministers on Wednesday met with South African investors and businesspersons during a roadshow, in Sandton, to discuss investment... 

China's Tsingshan expands plans for Zimbabwe steel plant

By: Reuters     24th April 2019 China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining,... 

Ferrexpo says charity could have 'misappropriated' funds

By: Reuters     23rd April 2019 Ukraine-focused iron-ore pellet producer Ferrexpo on Tuesday said that some funds of a charity it donates to could have been "misappropriated" as indicated by findings of an independent investigation. The company said although the Independent Review Committee's investigation into Blooming Land's... 

Zimbabwe pursuing favourable policies to attract more mining investment 

By: Tasneem Bulbulia     10th April 2019 To pursue meaningful and increased exploration, fully capitalise on economic benefits and increase investment in the mining sector, the Zimbabwean government has embarked on a number of policies to engender a favourable environment for investors. Deputy Mines and Mining Development Minister... 

Zimbabwe pursuing favourable policies to attract more mining investment

Northam trying out tunnelling first at rhodium-rich Eland mine development 

By: Martin Creamer     2nd April 2019 Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million... 

Northam trying out tunnelling first at rhodium-rich Eland mine development
Photo by Creamer Media
Paul Dunne (right) and Martin Creamer

Afarak invests in clean energy at its Mogale Alloys plant

By: Tasneem Bulbulia     29th March 2019 Swedish cleantech company Ripasso Energy on Friday handed over a PWR BLOCK 400-F system, which converts industrial residual and flare gases into electricity, to vertically integrated speciality alloys producer Afarak at its Mogale Alloys processing plant, in Krugersdorp. This is the first such... 

Afarak invests in clean energy at its Mogale Alloys plant

Jubilee achieves positive results in interim period

By: Natasha Odendaal     28th March 2019 AltX- and Aim-listed Jubilee Metals Group on Thursday posted a lift in earnings for the six months ended December 31, as the Hernic operations, in Limpopo, continued to deliver strong operational and financial results. The group achieved earnings a share of 0.06p during the half-year under... 

Eastplats generates first revenue since 2013

By: Nadine James     27th March 2019 After having revitalised the company, TSX-listed platinum miner Eastern Platinum (Eastplats) plans to continue creating shareholder value this year, CEO Diana Hu said in a statement on Wednesday. “Eastplats made tremendous strides during 2018 to start the retreatment project operations, generate... 

Corruption Watch calls for enquiry into misadministration of mining royalties  

By: Nadine James     26th March 2019 Civil society organisation Corruption Watch (CW) has recommended that a commission of enquiry be established to determine the scope and degree of alleged misadministration and misappropriation of mining royalties. The organisation on Tuesday launched its ‘Improving Transparency and Accountability... 

Corruption Watch calls for enquiry into misadministration of mining royalties
Corruption Watch executive director David Lewis

Jubilee set to acquire Sable Zinc refinery  

By: Nadine James     22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. 

Benchmark ferrochrome price settled at $1.20/lb

By: Tasneem Bulbulia     19th March 2019 The European benchmark ferrochrome price has been settled at $1.20/lb for the second quarter of 2019, JSE-listed Merafe Resources said in a statement on Tuesday. This is an increase of 7.1% from the benchmark price of $1.12 /lb in the first quarter of this year. 

Ferrochrome, national platinum strategy and Nevada JV make headlines  

14th March 2019 This week Mining Weekly editor Martin Creamer discusses the country’s ferrochrome potential, the national platinum strategy and the Nevada JV agreement.   

Ferrochrome, national platinum strategy and Nevada JV make headlines
Ferrochrome, national platinum strategy and Nevada JV make headlines

Eskom reform urgent to restore ferrochrome potential 

By: Martin Creamer     12th March 2019 The demise of State power utility Eskom has caused South Africa to lose its optimal position in the lucrative ferrochrome business. Because of Eskom’s decline, unbeneficiated chrome ore exports from South Africa to China have enabled the Asian giant to ascend up the ferrochrome production ladder. 

Eskom reform urgent to restore ferrochrome potential
Photo by Merafe
South African chrome underpins China's ferrochrome dominance.

Merafe declares record dividend on lower profit, higher output

By: Martin Creamer     11th March 2019 Chrome and ferrochrome company Merafe, which on Monday reported lower profit on higher production, has declared a record dividend that represents a distribution of 51% of headline earnings. The ungeared company had net year-end cash of R281-million and the R200-million unsecured, three-year... 

Merafe declares record dividend on lower profit, higher output
Photo by Creamer Media
Merafe CEO Zanele Matlala

Bauba’s new chrome wash plant reaches targeted throughput level 

By: Tasneem Bulbulia     11th March 2019 Platinum and chrome explorer and producer Bauba Platinum’s new wash plant at the Moeijelijk chrome mine, in Limpopo, is producing at its planned throughput levels, boding well for the company to improve its profit margins, the JSE-listed firm reported on Friday, as it reported a half-year loss.... 

Bauba’s new chrome wash plant reaches targeted throughput level
Photo by Creamer Media
Bauba CEO Nick van der Hoven

NUM vows to press on with strike at Dwarsivier mine in Limpopo

By: African News Agency      7th March 2019 About 1 500 members of the National Union of Mineworkers have resolved to press on with a strike at Dwarsrivier mine in Limpopo to back demands for various allowances, the union said on Thursday. Underground, surface and administration workers have now been on strike for three days, demanding... 

Upper ore breakthrough boosts Implats’ Zimbabwe resource base 

By: Martin Creamer     7th March 2019 The development of an effective method of mining upper ores, which have in the past been excluded from stoping plans, has increased the resource base of the Bimha and Mupani platinum group metals (PGMs) mines in Zimbabwe, Impala Platinum (Implats) CEO Nico Muller has disclosed. In response to... 

Upper ore breakthrough boosts Implats’ Zimbabwe resource base
Zimplats Mupani Mine
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