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Chrome News

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

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy 

By: Martin Creamer     16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... 

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy
Gary Nagle

Eastplats continuing expansion of its PGM operations

By: Simone Liedtke     11th February 2021 Eastern Platinum (Eastplats) has approved a revised 2021 capital budget following the closing of a rights offering, which raised gross proceeds of C$11.8-million. The company’s subsidiary, Barplats Mines, has now reserved an additional C$6.3-million (or R73-million) in capital funding for... 

Tharisa declares final dividend of $0.035

By: Marleny Arnoldi     11th February 2021 LSE- and JSE-listed Tharisa has declared a final dividend of $0.035 apiece for the financial year ended September 30, 2020. Executive chairperson Phoevos Pouroulis said in a statement on February 11 that the company had taken tough decisions over the last year, which has started to bear fruit... 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Consultants selected for road connecting to Ring of Fire

By: Creamer Media Reporter      1st February 2021 Consultants SNC Lavalin and Dillon Consulting have been selected to conduct the environmental assessment (EA) for the northern road link project – a proposed all-season road that will link remote First Nations and connect to emerging mining sites in the Ring of Fire. Marten Falls First Nation... 

Eastplats raises C$11.7m to complete projects, grow revenue potential

By: Simone Liedtke     25th January 2021 Dual-listed Eastern Platinum (Eastplats) has issued 36.8-million common shares to raise about C$11.7-million. Net proceeds from the rights offering will be used to complete various projects and grow Eastplats’ revenue potential. 

Chrome market could change with new export tax regime, dissuading Chinese offtake  

By: Donna Slater     20th January 2021 A “delicate” balancing act between chrome ore mining and stainless steel production may be under threat as South Africa changes its export tax regime to boost the commodity’s “welfare benefits” and to favour local chrome buyers instead of foreign buyers, Simon le Roux, a student at Rhodes... 

Tharisa extends option to acquire shareholding in Salene Chrome Zimbabwe

By: Tasneem Bulbulia     20th January 2021 Aim-listed Tharisa has extended the option to acquire a 90% shareholding in Salene Chrome Zimbabwe to March 31. Tharisa in May 2018 advised that it had acquired an option to acquire a 90% shareholding in Salene from Leto Settlement. 

Jubilee secures new investment

By: Marleny Arnoldi     15th January 2021 Aim- and AltX-listed Jubilee Metals has secured investment from two blue chip institutions, including one new to its share register. The company on January 15 announced a placing of new and existing ordinary shares representing 4.96% of the enlarged issued share capital of the company to meet... 

Merafe production decreases 29% in 2020 thanks to Covid

By: Simone Liedtke     13th January 2021 JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe chrome venture for the fourth quarter and the year ended December 31, 2020, decreased by about 8% and 29%, respectively. Attributable ferrochome production in the fourth quarter was 97 000 t, bringing the... 

Tharisa starts new financial year with strong production

By: Donna Slater     12th January 2021 JSE-listed platinum group metals (PGMs) and chrome miner Tharisa achieved strong production in the quarter ended December 31, 2020 − the first quarter of the company's 2021 financial year − with PGM production up 14.2% year-on-year on a six element basis to 39 300 oz. PGM production was in line... 

Tharisa starts new financial year with strong production
Tharisa CEO Phoevos Pouroulis

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity  

By: Martin Creamer     11th January 2021 The innovative new platinum group metals mining and processing project that slashes 82% off electricity use and elevates platinum to a new high level of greenness, leapt out of its starting blocks in North West province on Monday. “We’ve commenced. The tanks are rolling,” Pallinghurst managing... 

New ‘green’ platinum project leaps out of starting blocks, will use 82% less electricity
Pallinghurst managing partner and co-founder Arne Frandsen is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

First application made for power-tariff relief under new DMRE frameworks 

By: Terence Creamer     11th January 2021 The first application for tariff relief provided for under the Negotiated Pricing Agreement (NPA) frameworks published late last year by the Department of Mineral Resources and Energy (DMRE) has been submitted to the National Energy Regulator of South Africa (Nersa) for authorisation. Nersa tells... 

First application made for power-tariff relief under new DMRE frameworks

First-quarter European benchmark ferrochrome price settled at $1.17/lb

By: Creamer Media Reporter      18th December 2020 The European benchmark ferrochrome price for the first quarter of 2021 has been settled at $1.17/lb, JSE-listed Merafe reports. It notes that this is a 3.1% increase on the price of $1.14/lb that had been set for the fourth quarter of this year. 

Legal tug-of-war shutters one of SA's richest chrome mines

By: News24Wire      18th December 2020 A chrome mine in Limpopo, potentially one of the richest in South Africa, has sat idle while a series of arcane court battles ensue between local and Chinese business interests. A development agency tasked with bringing employment to the area has lost its stake in the mine, and some 1 200... 

Tharisa, unions reach four-year wage agreement

By: Creamer Media Reporter      14th December 2020 Platinum group metals and chrome concentrate producer Tharisa has concluded a four-year wage agreement with the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity. The agreement, which is effective from July 1, 2020, to June 20, 2024, applies to... 

ChromeSA welcomes negotiated electricity pricing concession

By: Creamer Media Reporter      11th December 2020 Independent chrome ore producers group ChromeSA has welcomed the finalisation by the Department of Mineral Resources and Energy (DMRE) of a short-term framework for negotiated pricing agreements, which will allow companies negatively affected by the high costs of power to negotiate lower... 

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

October mining production down 6.3% y/y, sales rise 30.7% year-on-year 

By: Donna Slater     10th December 2020 South Africa's mining production decreased by6.3% year-on-year in October, Statistics South Africa (Stats SA) reports. The most significant contributors to the decrease were iron-ore, which was down 26.5%, contributing -2.6 percentage points to the overall industry performance; while chromium... 

Private chrome map launched to boost commodity insight 

By: Donna Slater     8th December 2020 In its pursuit to map mining districts around South Africa, and in the absence of any publicly available form of mining and prospecting cadastre, mining supply sales consultancy AmaranthCX has mapped the chrome mines and projects of the Bushveld Complex. In doing so, the company is continuing... 

Private chrome map launched to boost commodity insight
Photo by Creamer Media
AmaranthCX director and owner Paul Miller

Retiring Glasenberg handing over Glencore reins to Gary Nagle  

By: Martin Creamer     4th December 2020 Glencore CEO Ivan Glasenberg announced on Friday that he would be handing over the reins of the global mining and marketing company in mid-2021 to top Glencore executive Gary Nagle, who has served the company for more than two decades and is well-known in South Africa, where he ran Glencore’s... 

Retiring Glasenberg handing over Glencore reins to Gary Nagle
Gary Nagle, who will be taking over in mid-2021 from retiring Ivan Glasenberg, who has served Glencore with distinction.

Glencore spells out emission-reduction pathway to 2050 

By: Martin Creamer     4th December 2020 Diversified mining and marketing company Glencore on Friday announced its ambition to be a net-zero emissions company by 2050. Glencore set out the pathway towards reducing its total emissions footprint by 40% by 2035, taking in Scope 1, 2 and 3. 

Glencore spells out emission-reduction pathway to 2050
Photo by Bloomberg
Ivan Glasenberg, who is handing Glencore reins to Gary Nagle.

Trump taps loan programme he tried to kill to help mineral mining

By: Bloomberg     1st December 2020 The Trump administration is tapping an Energy Department clean-energy loan program it tried to kill to help uranium producers, as well as miners of other minerals deemed critical by the administration. The Energy Department announced Tuesday that it will issue guidance giving preference to... 

Trump taps loan programme he tried to kill to help mineral mining
US President Donald Trump

New chrome mine owner plans to grow in ‘very sustainable manner’ 

By: Martin Creamer     27th November 2020 The new owner of a chrome mine in North West province that was placed on care and maintenance following the Covid-19 lockdown, plans to grow production in a phased, sustainable manner that will ultimately lead to the creation of more than 1 000 jobs, Mining Weekly can today report. The... 

New chrome mine owner plans to grow in ‘very sustainable manner’
Photo by Creamer Media
Highly experienced Clover Alloys CEO Philip Kotze

Resources Watch  

26th November 2020 Iridium breakthrough a boost for green hydrogen economy, PGMs mining; Chrome producers want ferrochrome solutions that exclude export tax; and, company designs, constructs ventilation and cooling systems for mines 

Resources Watch
Resources Watch

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

Coal mine on point of turning acid mine drainage into potable water at no cost
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Chrome producers want ferrochrome solutions that exclude export tax    

By: Martin Creamer     19th November 2020 South Africa’s non-integrated chrome ore exporters want to discuss ways of solving the existential threat to South Africa’s struggling ferrochrome industry to avoid the need for a tax being imposed on the export of locally mined chrome ore. But steadfastly in favour of a chrome ore export tax are... 

Chrome producers want ferrochrome solutions that exclude export tax
ChromeSA spokespersons interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

British Columbia court rules in favour of Eastplats

By: Marleny Arnoldi     17th November 2020 TSX- and JSE-listed Eastern Platinum (Eastplats) has welcomed the British Columbia Court of Appeal’s decision to uphold the dismissal of an appeal of a petition filed by a shareholder seeking leave to start derivative action against certain of the company’s current and former directors. This... 

Chrome export tax a positive step, special electricity dispensation now needed – Phiri 

By: Martin Creamer     16th November 2020 The imposition of a tax on the export of chrome ore is a positive step, but to enable South Africa’s once-dominant ferrochrome industry to compete successfully once again, electricity prices should be made affordable by way of special dispensation, says mining stalwart Steve Phiri, who was... 

Chrome export tax a positive step, special electricity dispensation now needed – Phiri
Photo by Creamer Media
Steve Phiri

Foreign exchange loss, Covid-19 impact lead to widened loss for Eastplats

By: Marleny Arnoldi     13th November 2020 TSX- and JSE-listed Eastern Platinum (Eastplats) has reported a widened loss to shareholders of $11-million for the nine months ended September 30, compared with a loss of $3-million, or $0.03 apiece, posted for the nine months ended September 30, 2019. This $0.12 apiece loss was as a result of... 

Ferrochrome, green hydrogen, potash make headlines  

13th November 2020 Mining Weekly Editor Martin Creamer unpacks the ferrochrome industry committing to solar generation; the green hydrogen economy and its benefits for Africa; and Kore Potash expecting to complete the first phase of its starter project in May.   

Ferrochrome, green hydrogen, potash make headlines
Ferrochrome, green hydrogen, potash make headlines

Pandemic pushes more mines into care and maintenance

By: Khutso Maphatsoe     13th November 2020 A downturn in the global demand for certain minerals, uncertain and cyclical commodity prices and the increasing costs of production have resulted in several mines and beneficiation operations being placed on care and maintenance. These factors have been prevalent since late 2017, and... 

Pandemic pushes more mines into care and maintenance
Photo by Creamer Media
TRYING TIMES Many mines that have been placed on care and maintenance will remain in that state for the foreseeable future

Glencore tests market for self-generation solutions at chrome, vanadium operations  

By: Terence Creamer     12th November 2020 Mining group Glencore has issued a pre-qualifying tender for companies interested in supplying ‘alternative green’ electricity and storage solutions to its chrome and vanadium operations in South Africa. In the tender notice, Glencore Alloys states that the generation facilities should have a... 

Glencore tests market for self-generation solutions at chrome, vanadium operations

Jubilee achieves record full-year PGM production

By: Donna Slater     10th November 2020 Aim- and AltX-listed metals processing company Jubilee Metals Group’s total revenue for the financial year ended June 30 increased by 132%, to R1.1-billion. The company, which has chrome and platinum group metals (PGM) operations in South Africa and a lead, zinc and vanadium project in Zambia,... 

Transnet completes upgrades on tippler at Richards Bay port

By: Marleny Arnoldi     9th November 2020 Transnet Port Terminals reports that maintenance work and upgrades on Tippler 2 at the Richards Bay bulk terminal have been completed. The second tippler's capacity has thus increased from 74 t wagons to 90 t wagons, with an ability to handle 18 wagons an hour.  

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