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Chrome News

President’s new energy plan opens way for Glencore Alloys to target bigger projects 

By: Martin Creamer     8th August 2022 Glencore Alloys head Japie Fullard has hailed the new energy plan announced by President Cyril Ramaphosa as opening the way for the company to target bigger power projects. “I must say that the President’s energy presentation is definitely something that is appealing to us,” said Fullard, who... 

Integrated, tech-driven rail industry needed to drive South Africa’s heavy haul sector   

By: Tasneem Bulbulia     2nd August 2022 To enable South Africa’s mining and resources sector to remain competitive, it is imperative the country pursues a safe, competitive, responsible, integrated and intelligent heavy haul system, powered by rail 4.0, by 2030. This was emphasised by industry organisation the South African Heavy Haul... 

A Transnet Freight Rail train transporting iron-ore
Transnet CE Portia Derby outlines Transnet’s targets for commodities

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Afrimat raises R680m in accelerated bookbuild

By: Donna Slater     29th July 2022 JSE-listed building materials, industrial minerals and bulk commodities company Afrimat has successfully closed an equity raise of R680-million – about 8.5% of its current market capitalisation. Following strong demand, Afrimat elected to increase the size of the bookbuild it announced on July... 

Glencore’s ferrochrome production up on consistent smelter performance 

By: Martin Creamer     29th July 2022 Ferrochrome production, which is South Africa-based, rose 2% in the six months to June 30, reflecting consistent smelter performance, Glencore reported on Friday. Attributable ferrochrome production of 786 000 t was 13 000 t higher than in the first half of last year amid overall production being... 

Glencore CEO Gary Nagle
Photo by Creamer Media
Glencore CEO Gary Nagle

Zimbabwe raises mines power tariff by 8% to meet production cost

By: Bloomberg     28th July 2022 Zimbabwe’s power utility ZESA Holdings will no longer charge mining houses tariffs below cost of production as it is struggling to service “ballooning power import debt.” Exporters, such as mining companies, will be charged $0.1063/kWh from August 1, ZESA executive chairperson Sydney Gata said in... 

Radical renewables, hydrogen ramp-up needed, coal energy transition day hears 

By: Martin Creamer     27th July 2022 A radical ramp-up of renewable energy and green hydrogen capacity will be needed by 2040 to take South Africa towards a net-zero climate change commitment, the Coal & Energy Transition Day heard on Wednesday. On the coal-fired power front, South Africa would from the 2040s/2045s need to have... 

Creamer Media screenshot.
Photo by Creamer Media
Presidential Climate Change Commission executive director Chrispian Olver.

World-first hydrogen haul truck operational from August – Anglo Platinum  

By: Martin Creamer     27th July 2022 The pilot world-first hydrogen haul truck launched early in the year, has had some final changes made to it before it heads into the pit and goes into operational mode from August. Meanwhile, the second prototype is already underway, where learnings from the first truck are being taken into the... 

Anglo American's nuGen truck.
Anglo Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

CN Railway boosts freight prices and beats analyst forecasts

By: Bloomberg     27th July 2022 Canadian National Railway reported earnings that easily beat analysts’ forecasts as strong volumes allowed the railroad to increase prices and fuel surcharges to offset rising costs. Revenue in the second quarter was C$4.34-billion, topping the expected C$4.08-billion and 21% higher than last... 

An image of a CN Rail locomotive
A CN Rail locomotive

Merafe to post higher interim earnings

By: Marleny Arnoldi     26th July 2022 JSE-listed chrome miner Merafe Resources expects to report basic earnings per share (EPS) of between 34.7c and 39.3c for the six months ended June 30, which would be a 51% to 71% improvement on the basic EPS of 23c reported for the six months ended June 30, 2021. The company says its financial... 

Decarbonisation, renewables can create new economic sectors in SA – Anglo Platinum 

By: Martin Creamer     25th July 2022 JOHANNESBURG (miningweekly.com) – Anglo American Platinum CEO Natascha Viljoen on Monday expressed the firm belief that decarbonisation and renewable energy have the potential to create new economic sectors in South Africa. On the renewable energy front, Viljoen also revealed that Anglo Platinum... 

Anglo American Platinum CEO Natascha Viljoen
Anglo American Platinum CEO Natascha Viljoen

Basing analysis solely on data can result in treasure being mistaken for trash  

By: Martin Creamer     15th July 2022 Applying subject matter expertise to process data streams for accuracy is a necessary part of mining’s new digital age, according to SRK Consulting Global chief technology officer Mike Olsen. Olsen, the leader of SRK’s data engineering team, spoke to Mining Weekly in a Zoom interview from Canada.... 

How to avert the risk of valuable information being disregarded.
SRK Consulting Global chief technology officer Mike Olsen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

PEM Electrolyser, Ironveld, Jubilee Metals make headlines   

15th July 2022 Mining Weekly Editor Martin Creamer discusses Australia’s PEM water electrolyser; Ironveld’s plans to acquire Ferrochrome Furnaces; and Jubilee Metals's Sable refinery.   

Photo of Martin Creamer
PEM Electrolyser, Ironveld, Jubilee Metals make headlines

Mining production down 7.8% y/y in May, but sales increase

By: Tasneem Bulbulia     14th July 2022 Mining production decreased by 7.8% year-on-year in May, Statistics South Africa (Stats SA) has revealed. The largest negative contributors were gold (-28.3% and contributing -4.6 percentage points); coal (-7.3% and contributing -1.9 percentage points); and manganese ore (-14.5% and contributing... 

New mining Bill major threat to jobs and investment, must be strenuously opposed – ENSafrica  

By: Martin Creamer     14th July 2022 A new draconian mining industry draft Bill, which threatens jobs and investment – and can even impose a penalty of 10% of turnover on a mine company, along with corporate manslaughter charges – must be “very, very strenuously opposed", top South African mining industry lawyer Willem Le Roux urged... 

Creamer Media screenshot
Photo by Creamer Media
Presenting ENSafrica webinar are from top anti-clockwise Willem Le Roux, Pieter Colyn and Celeste Coles.

Jubilee appoints nonexecutive director to chair safety, sustainability committee

By: Donna Slater     14th July 2022 Aim- and AltX-listed diversified metals processing company Jubilee Metals Group has appointed Tracey Kerr independent nonexecutive director with immediate effect. Based in the UK, she is currently a nonexecutive director of Hochschild Mining, a FTSE 250 precious metal mining company with mines... 

Tracey Kerr
Jubilee Metals new independent nonexecutive director and safety and sustainability committee chairperson Tracey Kerr

Tharisa weathers challenging conditions to record strong quarterly output, cash generation  

By: Tasneem Bulbulia     12th July 2022 Dual-listed Tharisa achieved a “commendable” third quarter, ended June 30, maintaining strong production, which was supported by the favourable commodity markets, ensuring a healthy balance sheet that will allow the company to continue implementing its strategy, CEO Phoevos Pouroulis says. “The... 

An image of Tharisa CEO Phoevos Pouroulis
Phoevos Pouroulis

TFR to start North Corridor maintenance shutdown on July 12

By: Schalk Burger     11th July 2022 State-owned Transnet Freight Rail (TFR) will start with the annual maintenance shutdown of its North Corridor on July 12. The shutdown is scheduled for completion by July 22 and is important for TFR’s volume recovery plans for the corridor. 

Eastplats positions new mining method to reopen CRM before year-end 

By: Donna Slater     8th July 2022 Having completed a new long-term plan and mine redesign study, JSE- and TSX-listed midtier platinum group metals (PGMs) miner Eastplats envisages restarting mining operations at its flagship PGMs and chrome operations, Crocodile River Mine (CRM), in South Africa’s North West province in the third... 

An image of a mining stope
Photo by Creamer Media's Donna Slater
An Eastplats miner stands in a stope of the Zandfontein section of the Crocodile River Miner. Eastplats intends to use breast stoping and conventional mining methods when it reopens the mine.

'The losses are enormous': Mpumalanga shutdown hits coal, chrome exporters

By: News24Wire      8th July 2022 Blockaded roads and disruption of transport routes associated with the Mpumalanga shutdown have served to twist the knife in commodity exporters already struggling to move product out of the country. A shutdown campaign gripped Mpumalanga on Wednesday when taxi and truck drivers blockaded... 

TFR signs cross-border agreement with Railways of Mozambique 

By: Schalk Burger     1st July 2022 State-owned rail agency Transnet Freight Rail (TFR) has signed a cooperation agreement with Mozambique State agency Ports and Railways of Mozambique (CFM) to implement an immediate train run-through model that will result in the export of chrome and ferrochrome moving seamlessly from Belfast, in... 

Mine haulage transition to electric offered without disruption   

By: Martin Creamer     1st July 2022 If the world were to electrify every mine truck, it would stop 198 000 t of carbon dioxide (CO2) a day from entering the atmosphere, which equates to a single electrified mining truck eliminating what would take 46 000 trees to absorb. That mammoth sustainability benefit was driven home firmly... 

Creamer Media screenshot.
ABB's Erik Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Bauba subsidiary Nuco Chrome granted eight-year mining right

By: Donna Slater     30th June 2022 Platinum and chrome miner Bauba Resources reports that its 74%-owned exploration company Nuco Chrome business has been granted a mining right, which is valid for eight years. The mining right – notarially executed on June 23 – came into effect on June 3, and will end on June 2, 2030.  

Merafe says third-quarter ferrochrome price 16.7% lower q/q

By: Creamer Media Reporter      30th June 2022 JSE-listed Merafe Resources has informed shareholders that the European benchmark ferrochrome price for the third quarter has been settled at $1.80/lb. That represents a 16.7% decrease from the price of $2.16/lb for the second quarter. 

Illegal mining brazenness a significant concern to legitimate industry 

By: Donna Slater     29th June 2022 Minerals Council South Africa legal deputy head Mxolisi Ngubane says that, although the prevalence of illegal mining is not new, the brazenness and evolving nature at which operations are taking place, is becoming increasingly concerning to the wider mining industry and especially to miners in... 

An image of a disused mine shaft in South Africa
Photo by Bloomberg
Feeble attempts to close disused mine shafts means illegal miners will have an easy avenue to gain access to underground tunnels and ore.

Renewables plans poised to slash Scope 2 emissions at Grootegeluk coal mine by up to 90%  

By: Martin Creamer     27th June 2022 Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources’s Grootegeluk coal mine in Limpopo by up to 90%. The renewable strategy being executed by coal miner Exxaro’s wholly owned green energy arm – Cennergi – is the key driver of the... 

Exxaro/Cennergi MD Energy Roland Tatnall
Exxaro/Cennergi MD energy Roland Tatnall interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer,

Deeming could bring regulatory certainty to much-needed minerals investment – NSDV  

By: Martin Creamer     23rd June 2022 The detraction of the South African investment market is the uncertainty around approval timelines and the implementation of a deeming provision could change all that by treating applications as approved after the passing of a set period of time. Many want to invest in exploration and mining... 

NSDV advisory head Mark Gilbert.
NSDV Advisory Head Mark Gilbert interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Lawless South Africa has bulk commodity chrome pirates stripping its wealth

By: Schalk Burger     22nd June 2022 South Africa is the world’s biggest producer of chrome ore and it is estimated that about 10% of South Africa's yearly production of chrome is lost to illegal mining. There has been an emergence of a bulk commodity illegal industry in South African chrome mining, said global law enforcement... 

Specialised miller grinds down challenges

By: Nadine Ramdass     22nd June 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... 

African Pegmatite image

Transnet to issue locomotive tender in July to address crippling port and rail backlog

By: News24Wire      21st June 2022 In a bid to improve on its operational performance, clear logistic backlogs, and claw itself out of its financial predicament, Transnet has confirmed that it will issue a tender for the procurement of new locomotives next month. This comes after Transnet Group CEO Portia Derby told Business Day... 

Raubex makes buyout offer for remaining Bauba shares, Bauba to delist from JSE

By: Tasneem Bulbulia     21st June 2022 Diversified mining and exploration company Bauba and JSE-listed Raubex have resolved to propose a transaction in terms of which Raubex will make a general offer to acquire all of the ordinary shares in the issued share capital of Bauba it does not already own for a cash consideration of 42c... 

Green hydrogen’s business case significantly strengthened, summit hears  

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.

Black Chrome Mine placed under business rescue

By: Marleny Arnoldi     14th June 2022 The board of Black Chrome Mine (BCM), based in Limpopo, has resolved to place the mine under business rescue, voluntarily, to best ensure the long-term survival of the mine. BCM, a subsidiary of JSE-listed Chrometco, confirmed the operation’s financially distressed state, noting that it is not... 

Moody’s raises alarm on Transnet, puts it on notice for downgrade

By: News24Wire      9th June 2022 The credit ratings agency Moody's has placed most of Transnet’s credit ratings on review for a downgrade. Moody’s says it has become increasingly concerned over the Transnet's exposure to weak liquidity management and high refinancing risk. 

Increased efficiency cuts carbon, advances net-zero path, research finds  

By: Martin Creamer     8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) 

Creamer Media screenshot.
Rocsole CEO Mika Tienhaara interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres  

By: Martin Creamer     6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... 

Picture supplied.
Kal Tire’s Dan Allan speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Copper furnace component supply in final stage

By: Halima Frost     3rd June 2022 South Africa-based foundry and engineering company Thos Begbie has shipped the last of three batches of copper furnace components to a metal smelting and recycling firm, in Germany. The third and final batch was shipped last week and arrived at its destination on time. 

A copper cast Lander chute with tapoholes used in a flash furnace to skim slag off molten copper
COPPER CHUTE The copper components for a new German client requires the use of raw, pure copper
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