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Chrome News

Squeezed mining companies face growth dilemma

By: Reuters     31st January 2023 High costs and the prospect of shrinking earnings have made big miners nervous about expansion, even as shareholders demand investment in response to robust commodity prices, China's reopening and the role of minerals in decarbonising the economy. Although years of cost discipline have repaired... 

Opinion: Better infrastructure can help South Africa escape low growth

27th January 2023 In this article, Royal HaskoningDHV smart mobility director Bongani Mthombeni-Möller writes about the infrastructure challenges facing South Africa and what can be done to solve these for the benefit of the country's economy.  

Bongani Mthombeni-Möller
Bongani Mthombeni-Möller

TFR sets March 20 closing date for tender seeking OEMs to step in to rehabilitate idle locos 

By: Terence Creamer     26th January 2023 Transnet Freight Rail (TFR) has set a closing date of March 20 for responses to a tender inviting original equipment manufacturers (OEMs) to step in to rehabilitate more than 160 Chinese-manufactured locomotives that are out of service, owing to the unavailability of critical spare parts. The... 

An estimated 161 locomotives have been out of service for periods exceeding 90 days
Photo by Creamer Media
An estimated 161 locomotives have been out of service for periods exceeding 90 days

Transnet plans bond sale under $6bn note programme

By: Bloomberg     26th January 2023 Transnet, which operates South Africa’s ports and freight rail networks, is planning to sell a dollar-denominated bond under a $6-billion note programme, people familiar with the situation said. The bond will be of five-year tenure and investor meetings ahead of the sale will begin Thursday, the... 

A train operated by Transnet Freight Rail

Port of Maputo achieves new handling record, sees soaring chrome throughput 

By: Irma Venter     24th January 2023 The Port of Maputo achieved a new handling record in 2022, registering growth of 20% over 2021. The total volume handled last year was 26.7-million tons, compared with 22.2-million tons in 2021.  

Image of the Port of Maputo
The Port of Maputo

Green hydrogen mine mobility on way in India to platinum applause

By: Martin Creamer     19th January 2023 India has opted for hydrogen fuel-cell heavy-duty mine truck mobility in a green initiative that will have platinum group metals (PGMs) miners applauding. This is because the clean emission-free power will come from proton exchange membrane PEM technology, which is PGM-enabled. 

Anglo American's large nuGen zero emissions haulage solution.
Photo by Creamer Media
Anglo American's large nuGen zero emissions haulage solution.

Merafe reports 1.3% increase in chrome production for 2022

By: Darren Parker     16th January 2023 Although Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture decreased by about 5% for the quarter ended December 31, 2022, output for the full year increased by about 1.3%, compared with the year ended December 31, 2021.   The company said in a statement issued... 

Transnet to issue locomotive rehabilitation tender as it reaches impasse with CRRC

By: Tasneem Bulbulia     12th January 2023 State-owned Transnet says it has reached an impasse with CRRC E-Loco Supply, following an "unwillingness" on the part of CRRC to engage with the relevant authorities in South Africa to normalise its operations in the country. Therefore, Transnet says that, as a matter of urgency, it will be... 

A Transnet locomotive

Heavy rainfall cuts Tharisa’s mining volumes for the Dec quarter

By: Marleny Arnoldi     11th January 2023 Platinum group metals and chrome miner Tharisa Minerals has reported a decline in its mining volumes to 1.08-million tonnes in the quarter ended December 31, owing to “unprecedented rainfall”. This compares to mining volumes of 1.31-million tonnes in the quarter ended September 30, and... 

Platinum-boosting clean hydrogen projects, patents are all the rage 

By: Martin Creamer     11th January 2023 The implementation agreement for Namibia’s planned multibillion-dollar Hyphen Hydrogen Energy project is scheduled to commence in the first quarter of this year, Namibia President Hage Geingob revealed in his 2023 New Year’s message. Egypt has granted approval for two green hydrogen projects in... 

Clean hydrogen patent innovation is all the rage, say IEA and EPO.
Clean hydrogen patent innovation is all the rage, say IEA and EPO.

Enable South Africa to become green hydrogen centre – ANC

By: Martin Creamer     9th January 2023 Enabling South Africa to become a green hydrogen centre through government support is highlighted in the January 8 Statement 2023 of the National Executive Committee (NEC) of the African National Congress (ANC). "The ANC recognises important work in the Hydrogen Roadmap and directs government to... 

Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.
Cover image of 22-page ‘Year of Decisive Action’ document to mark ANC’s 111th anniversary.

Ironveld’s ferrochrome furnace acquisition purchase agreements agreed, signed

By: Donna Slater     21st December 2022 Iron, vanadium and titanium miner Ironveld reports that its purchase of Rustenburg-based Ferrochrome Furnaces is progressing, with all material underlying agreements required under a debt purchase agreement and share purchase agreement having been signed. The company notes that the timing of the... 

Minerals Council, Transnet to establish joint structures to improve rail, ports performance 

By: Marleny Arnoldi     19th December 2022 State-owned freight utility Transnet and the Minerals Council South Africa have agreed to form joint collaborative structures to ensure all possible actions are taken to stabilise and improve the throughput of South Africa’s rail and ports systems. Transnet recognises the integrated nature of the... 

The Port of Saldanha Bay
The Port of Saldanha Bay

Platinex takes option on Ontario critical minerals project

By: Creamer Media Reporter      15th December 2022 CSE-listed Platinex has signed a binding letter of intent to option a 100% ownership interest in the Muskrat Dam critical minerals project, in north-western Ontario. The project, located about 125 km northeast of Frontier Lithium’s PAK lithium project and 125 km northwest of Newmont’s... 

South Africa's mining production down 10.4% y/y in Oct

By: Creamer Media Reporter      13th December 2022 South Africa's mining output decreased by 10.4% year-on-year in October, with platinum-group metals (PGMs), gold, diamonds and manganese ore having made the biggest negative contribution. Financial services provider Nedbank's economics unit pointed out that this marked the ninth consecutive month... 

Extortion ‘mafia’ hits South Africa’s $55bn mining sector

By: Bloomberg     9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... 

A machine on site at a mining operation

Glencore working on value accretive emission reduction 

By: Martin Creamer     8th December 2022 Over and above the carbon emission reduction that automatically results from declining coal assets, diversified mining and marketing company Glencore is working on reducing its Scope 1 and 2 emissions across its entire portfolio of assets in a manner that is largely value accretive or cost free.... 

Glencore industrial assets head Peter Freyberg.
Glencore industrial assets head Peter Freyberg.

Anglo invests $200m to accelerate zero emissions haulage solution 

By: Martin Creamer     7th December 2022 Diversified mining company Anglo American has signed a binding agreement with First Mode, the specialist engineering technology company it partnered to develop the nuGenTM technology. The agreement is intended to accelerate the commercialisation of the climate-friendly truck and includes Anglo... 

Tharisa delivers its strongest financial results yet

By: Darren Parker     5th December 2022 Despite the macroeconomic challenges that have impacted global supply chains, inflation, and the mining sector, platinum group metals (PGMs) and chrome mining company Tharisa’s operational performance and sales, into what it views as a continued strong commodity price environment, has resulted in... 

Tharisa CEO Phoevus Pouroulis
Tharisa CEO Phoevus Pouroulis

Transport Forum highlights need for multimodal logistics to remain competitive

By: Schalk Burger     2nd December 2022 Freight, logistics and transport industry experts have called for the restoration of South Africa's roads network, the restoration and development of the rail network and efficient ports and border posts, arguing that the country can only remain competitive if its logistics networks and supply... 

Railway tracks

Strong call for rapid green hydrogen investment by ramp-up backer 

By: Martin Creamer     30th November 2022 A strong call for final investment decisions (FIDs) on a multiplicity of green hydrogen projects was made at the South Africa Green Hydrogen Summit in Cape Town yesterday by H2Global, a market ramp-up instrument that serves as an innovative form of subsidy scheme to smooth out bumps along green... 

Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.
Photo by Creamer Media
Taking part in the South Africa Green Hydrogen Summit panel discussion are (from left to right) facilitator Lorato Tshenkeng, Timo Bollerhey, Till Mansmann, Sasol’s Gosiame Khoele, and Tobias Bischof-Niemz.

R4-trillion needed for South Africa’s hydrogen economy, PIC declares  

By: Martin Creamer     28th November 2022 South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.
Photo by Siemens
Hydrogen promises to be the next frontier in clean energy technology due to its extensive value chain applications.

Transnet auction fails to attract private sector 

By: News24Wire      28th November 2022 On Friday, Transnet Freight Rail (TFR) announced that only two companies had participated in its much-anticipated auction of slots to private players, the company's first foray into allowing private participation on the rail network.  The only bid made for the Cape Corridor's Kroonstad to East... 

A photo of railway tracks

South Africa’s mining market is dynamic and fast-moving, Siemens Large Drives finds  

By: Martin Creamer     25th November 2022 South Africa is a super dynamic and super fast-moving market, says Siemens Large Drives global solutions head Oliver Beck, who has just completed a week of discussions with customers to highlight sustainability solutions for mining. From his perspective, South African mining economy is at the... 

Siemens Large Drives global solutions head Oliver Beck.
Siemens Large Drives' Oliver Beck, Tim Walwyn talk to Mining Weekly's Martin Creamer. Video: Nicholas Boyd, Shadwyn Dickinson. Video Editing: Darlene Creamer. Pictures: Donna Slater.

South Africa’s crime crisis ruling out economic growth, sustainability discussion hears  

By: Martin Creamer     23rd November 2022 South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second of... 

Roger Baxter.
Roger Baxter.

Platinum moving into meaningful deficit amid emergent source of new end-demand 

By: Martin Creamer     22nd November 2022 Platinum is moving into meaningful deficit amid an emergent source of new end-demand in the form of green hydrogen. The 2022 surplus of 804 000 oz is projected to move into a deficit of 303 000 oz in 2023, according to the Platinum Quarterly of the World Platinum Investment Council (WPIC) for the... 

World Platinum Investment Council director of research Edward Sterck.
World Platinum Investment Council Director of Research Edward Sterck interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Top green hydrogen/fuel cell collaboration boost for platinum-group metals 

By: Martin Creamer     16th November 2022 A joint development agreement struck between global majors Nel Hydrogen US and General Motors is expected to speed up the development of green hydrogen technology that is competitive with fossil fuels.  The aim of agreement is to help accelerate the industrialisation of Nel’s proton exchange... 

Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.
Green hydrogen and fuel cell collaboration announced by Nel and General Motors of the US.

TFR clears derailment on north corridor

By: Darren Parker     14th November 2022 Following heavy rain over the weekend and complex recovery processes, the joint state-owned Transnet Freight Rail (TFR) and industry teams managed to clear all 97 derailed wagons from the derailment site on its North Corridor by 08:15 on November 14. The recovery and clean-up operation follows a... 

Mining Indaba to welcome more delegates, new features in 2023

By: Sabrina Jardim     9th November 2022 Next year’s Investing in Africa Mining Indaba – to be held at the Cape Town International Convention Centre from February 6 to 9 – will operate at full capacity, as all Covid-19 restrictions have been lifted. During a media briefing on November 9, portfolio director for the Indaba Simon Ford said... 

Simon Ford
Photo by Creamer Media's Donna Slater
Simon Ford

Investment needed for outgoing coal, incoming renewables, impacted communities, Mapungubwe highlights 

By: Martin Creamer     8th November 2022 With South Africa having committed to transition away from coal, investments will not only be required for the retiring of coal plants and the ramping up of renewable energy, but also for coal communities, who will require alternative economic development plans to sustain the livelihoods of all... 

President Cyril Ramaphosa arriving in Egypt for COP27.
President Cyril Ramaphosa arriving in Egypt for COP27.

Green hydrogen truck trials going well – Anglo 

By: Martin Creamer     1st November 2022 The 500 t world-first haulage truck powered by green hydrogen last week underwent fully loaded trialling that included tipping into the crusher at Anglo American Platinum's Mogalakwena platinum group metals mine in Limpopo. “The trials all went well,” Anglo American group technical director Tony... 

Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.
Photo by Creamer Media
Clockwise from top left are Duncan Wanblad, Tony O’Neill, Stephen Pearce and Hilton Ingram.

Anglo updates on decarbonisation, biodiversity, responsible mining  

By: Martin Creamer     31st October 2022 Decarbonisation, net positive biodiversity, and progress towards assuring all operations against recognised responsible mining standards are addressed in Anglo American’s twice-yearly sustainability performance update, which was presented on Monday. Recognising that many of the metals and... 

Anglo American CEO Duncan Wanblad.
Anglo American sustainability report covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Canada raises hurdles for foreign deals targeting critical minerals

By: Reuters     31st October 2022 Canada’s government is making it harder for foreign State-owned companies to pursue deals that target critical minerals in the resource-rich country. “Significant transactions by foreign state-owned enterprises from Canada’s critical minerals sectors will only be approved as of likely net... 

Canada raises hurdles for foreign deals targeting critical minerals

Ivanhoe exploration award draws high-spirited comment on northern limb 

By: Martin Creamer     28th October 2022 The northern limb of the Bushveld Complex is attracting real exploration interest in the form of Platinum Group Metals, Sylvania Platinum and now Ivanhoe Mines, AmaranthCX director and founder Paul Miller has noted on LinkedIn. Platinum Group Metals and Ivanhoe are listed on the Toronto Stock... 

Exploration under way on the northern limb of the Bushveld Complex.
Exploration under way on the northern limb of the Bushveld Complex.

New start-up intent on improving pit-to-port turnaround times  

By: Martin Creamer     27th October 2022 Three women who have been in logistics collectively for more than 30 years have formed a company intent on helping to smooth out rail and port logistics in the Southern African region. The three are Nosipho Damasane, Nyameka Madikizela and Ncumisa Dube, who have formed Indlela Connections. (Also... 

Indlela Connections chairperson Nosipho Damasane.
Indlela chairperson Nosipho Damasane and CEO Nyameka Madikizela talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Make green hydrogen part of official economic recovery plan, Dept of Science and Innovation urges  

By: Martin Creamer     26th October 2022 South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the... 

Dr Cosmas Chiteme, Director of Hydrogen and Energy, Department of Science and Innovation.
Mistra platinum group metals event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Jubilee sees ‘tremendous’ growth potential after completing expansion programme

By: Chanel de Bruyn     25th October 2022 London- and Johannesburg-listed Jubilee Metals Group has met its production targets for the financial year ended June 30, after having completed its capitalisation and expansion programme. Over the past 18 months, the company implemented a £58-million capital expansion (capex_ project to acquire... 

Tharisa reports loss of life

By: Tasneem Bulbulia     24th October 2022 Dual-listed Tharisa has advised that one of its employees Legohu Raymond Mothapo lost his life on October 21. This follows after the mechanic, who had worked at the Tharisa Minerals mining operation for over 11 years, was injured in a serious accident in the openpit on the evening of October 18. 

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