https://www.miningweekly.com
R/€ = 17.01 Change: -0.06
R/$ = 16.76 Change: -0.09
Au 1766.24 $/oz Change: -6.91
Pt 921.00 $/oz Change: -11.00
 

Chrome News

Second-quarter ferrochrome price rises to higher level

By: Martin Creamer     22nd April 2020 The European benchmark ferrochrome price has been settled at $1.14/lb for the second quarter of 2020, Merafe Resources advised shareholders on Wednesday. This latest European benchmark price is an increase of 12.9% on the $1.01/lb price in the first quarter of 2020, the JSE-listed company said in... 

Impala CE granted bail after appearance on Covid-19 charge 

By: Martin Creamer     17th April 2020 The arrest of the chief executive of Implats' Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who... 

Impala Platinum Rustenburg CE Mark Munroe
Photo by Creamer Media
Impala Platinum Rustenburg CE Mark Munroe

Sorting solution shows potential in metals sectors

By: Cameron Mackay     17th April 2020 Ore-processing equipment supplier TOMRA Sorting Mining has provided X-ray transmission (XRT) sensor-based ore sorting technology for two local mining plant projects on the eastern limb of the Bushveld Igneous Complex, in Limpopo, which were commissioned recently. TOMRA Sorting Mining senior VP... 

XRT TECHNOLOGY MARKET 
P2E realised that sensor-based sorting, as a toll-treatment option, has benefits over DMS technology
XRT TECHNOLOGY MARKET P2E realised that sensor-based sorting, as a toll-treatment option, has benefits over DMS technology

Minerals Council welcomes revised Covid-19 regulations

By: Martin Creamer     16th April 2020 The Minerals Council South Africa on Thursday welcomed the amendments to the Disaster Management Act regulations as they pertain to mining. These regulations allow a phase-up in mining capacity to 50% during the lockdown period, but with all the preventative and mitigating controls in place to... 

Minerals Council CEO Roger Baxter
Minerals Council CEO Roger Baxter

Mining may resume at 50% capacity – Minister 

By: Martin Creamer     16th April 2020 All mining operations, excluding collieries supplying Eskom which have been permitted to operate at full capacity throughout national lockdown, may now resume at 50% capacity during the remaining lockdown days, Mineral Resources and Energy Minister Gwede Mantashe said on Thursday. Thereafter,... 

Mineral Resources Minister Gwede Matashe during virtual media conference.
Photo by Veronica Creamer
Mineral Resources Minister Gwede Matashe during virtual media conference.

Glencore continues to engage to minimise Covid-19 impact

By: Martin Creamer     14th April 2020 Diversified mining and marketing Glencore is continuing to engage with authorities, labour unions and other stakeholders on steps to minimise the impact of Covid-19 on its operations. The London- and Johannesburg-listed company stated on Tuesday that its goal was to operate only when it could... 

Ivan Glasenberg
Photo by Bloomberg
Ivan Glasenberg

Too early to comment on when mining will resume – Minerals Council

By: Martin Creamer     9th April 2020 Comment on when mining industry operations will resume is premature but what is certain is that when resumption does occur, it will not be business as usual, Minerals Council South Africa said on Thursday. Noting reports on the resumption of mining operations after 16 April, Minerals Council... 

Glencore launches $25m support fund in response to Covid-19 

By: Martin Creamer     9th April 2020 Diversified mining and marketing company Glencore on Thursday announced the launch of a $25-million fund in response to the coronavirus pandemic. The fund will support the London- and Johannesburg-listed company’s teams that are working closely with governments, health agencies and others key... 

Glencore CEO Ivan Glasenberg
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Govt permits Tharisa to continue to operate with fewer personnel 

By: Martin Creamer     9th April 2020 Chrome and platinum group metals (PGM) mining company Tharisa has received government permission to continue operating with a reduced number of personnel during the Covid-19 lockdown. Revealing this with its release on Thursday of second-quarter results for the three months to March 31, Tharisa... 

Tharisa CEO Phoevos Pouroulis
Photo by Creamer Media
Tharisa CEO Phoevos Pouroulis

Merafe warns of potential force majeure declaration

By: Marleny Arnoldi     2nd April 2020 JSE-listed ferrochrome producer Merafe Resources has warned that it might need to declare force majeure should it be unable to perform under contracted obligations, given that its operations have had to be placed on care and maintenance during South Africa's 21-day lockdown. Merafe confirms... 

Standard Bank meeting all capital and liquidity requirements 

By: Martin Creamer     1st April 2020 Capital and liquidity requirements across all the markets in which it operates are continuing to be met, Standard Bank Group FD Dr Arno Daehnke said during an investor call. Daehnke disclosed that the bank was benefitting from building up increased capital levels over the last few years in line... 

Sim Tshabalala
Sim Tshabalala

Covid-19 prompts Glencore to defer cash distribution, reinforce liquidity 

By: Martin Creamer     31st March 2020 The coronavirus pandemic has prompted global diversified mining and marketing company Glencore to defer its proposed $2.6-billion distribution of cash and reinforce its $10.1- billion liquidity through the refinancing and extension of revolving credit facilities on the same commercial terms as... 

Ivan Glasenberg
Ivan Glasenberg

South Africa lockdown squeezes global chrome supply

By: Reuters     31st March 2020 Samancor Chrome, one of the world's biggest ferrochrome producers, has declared force majeure because of South Africa's 21-day coronavirus lockdown, removing further supply from global chrome markets. South Africa ordered all underground mines and furnaces be put on care and maintenance status... 

African Rainbow Minerals financial director to step down

By: Martin Creamer     31st March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) on Tuesday announced that its FD Abigail Mukhuba would be stepping down with effect from the end of September to pursue a new career, and that ARM senior executive finance: corporate and tax... 

Assore halts mines and smelters, prioritises on-time supplier payment

By: Martin Creamer     31st March 2020 Mining and marketing company Assore, which is delisting from the Johannesburg Stock Exchange after 70 years, on Tuesday informed its shareholders that it had taken lockdown steps following the increased incidents of COVID-19 in South Africa. Assmang, which is half owned by Assore and jointly... 

Charles Walters
Photo by Creamer Media
Charles Walters

Mining could be enormous post-virus stabiliser – Minerals Council

By: Martin Creamer     29th March 2020 The mining industry could be an enormous asset in stabilising and growing the economy post the coronavirus crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release. Post coronavirus, South Africa would... 

Bauba turns a profit in 2019

By: Marleny Arnoldi     27th March 2020 Diversified mining and exploration company Bauba Resources managed to narrow its basic loss a share to 0.01c apiece in the year ended December 31, 2019, compared with a basic loss a share of 2.55c apiece in the year ended December 31, 2018. The company’s total comprehensive profit for the year... 

Bauba turns a profit in 2019

Tharisa places smelter on care and maintenance, declares force majeure on chrome sales agreements

By: Donna Slater     27th March 2020 Platinum group metals (PGMs) and chrome concentrate miner Tharisa has shut its PGMs smelter, thereby placing it on care and maintenance, as well as declared force majeure on its contracted chrome concentrate sales agreements. The miner has also received force majeure notifications from its PGM... 

Eastplats, Union Goal to finalise framework agreement as soon as possible

By: Simone Liedtke     27th March 2020 Canada-based Eastern Platinum (Eastplats) on March 27 said it and Union Goal Offshore Solution were negotiating and working to finalise and update the framework agreement in several areas after one year of operations. On March 1, 2018, Eastplats entered into an agreement with Union Goal relating... 

Zimbabwe cuts rates, miners send coronavirus distress signals

By: Reuters     27th March 2020 Zimbabwe's central bank cut its main lending rate to 25% on Thursday and set a fixed exchange rate as part of measures to support the economy against the coronavirus pandemic. The Chamber of Mines, which represents major mining companies in the country, said mineral production could fall 60% in... 

Mining to be ‘scaled down significantly’ during 21-day lockdown 

By: Terence Creamer     25th March 2020 Mining operations in South Africa are to be “scaled down significantly” during the 21-day lockdown period, particularly labour-intensive, deep-level mining activities, Mineral Resources and Energy Minister Gwede Mantashe reported on March 25. However, mines supplying coal to Eskom would remain in... 

Mining to be ‘scaled down significantly’ during 21-day lockdown

Menar progressing gold project in Kyrgyzstan  

By: Martin Creamer     17th March 2020 Private investment and management company Menar, which is planning to invest R7-billion in coal projects in South Africa, is also progressing a gold project in Kyrgyzstan. “We’re looking at a sizeable gold project,” said Menar MD Vuslat Bayoǧlu, who is hoping that the Kyrgyzstan project will... 

Menar MD Vuslat Bayoǧlu (right) interviewed by Mining Weekly's Martin Creamer.
Menar MD Vuslat Bayoǧlu talks to Mining Weekly’s Martin Creamer about gold project in Kyrgyzstan. Video Editing: Nicholas Boyd. Photograph: Donna Slater. Video: Kutlwano Matlala.

Assore to delist from JSE, offers to buy back shares

By: Martin Creamer     9th March 2020 Mining company Assore, which has been listed on the JSE since 1950, has announced a transaction that will result in the minorities in the company being bought out and the company delisting from the exchange. Commenting on the transaction, Assore CEO Charles Walters said that the very low... 

Charles Walters
Photo by Creamer Media
Charles Walters

Coronavirus likely to cause drastic price falls – Menar  

By: Martin Creamer     9th March 2020 The reduction in the consumption of mined products that the coronavirus was causing would likely result in a drastic fall in prices, Menar MD Vuslat Bayoğlu said on Monday. Metals and minerals like manganese, chrome, iron-ore and metallurgical coal were not being consumed at the rate they were... 

 Vuslat Bayoğlu
Menar MD Vuslat Bayoğlu interviewed by Mining Weekly’s Martin Creamer. Video Editing: Nicholas Boyd. Photographs: Donna Slater. Video: Kutlwano Matlala.

Merafe swings to loss on low demand, prices

By: Marleny Arnoldi     9th March 2020 JSE-listed Merafe Resources says low global demand and lower prices for ferrochrome had dampened its financial performance in the year ended December 31. The company reported a headline loss a share of 1.8c apiece, compared with headline earnings a share of 27.2c in the year ended December 31,... 

Merafe swings to loss on low demand, prices

Merafe lowers expected headline loss

By: Marleny Arnoldi     5th March 2020 JSE-listed ferrochrome producer Merafe Resources has revised its expected headline loss a share for the year ended December 31, downward to between 1.2c and 2.3c. This is an improvement on the headline loss a share of 2.3c to 2.9c it initially expected to report for the year. 

Warning of ‘significant losses’ in South African mining industry if coronavirus outbreak is not contained soon 

By: Terence Creamer     3rd March 2020 A newly released report by Trade and Industrial Policy Strategies (TIPS) warns that South Africa’s mining industry could suffer “significant losses” should the coronavirus, or Covid-19, not be contained in the short term, which the authors defined as being by April 2020. In a policy brief, TIPS... 

A worker wearing a protective mask in Cyrildene, also known as Johannesburg's 'Chinatown'
A worker wearing a protective mask in Cyrildene, also known as Johannesburg's 'Chinatown'

Swanepoel steps down as ARM director

By: Creamer Media Reporter      3rd March 2020 Bernard Swanepoel has stepped down as an independent nonexecutive director of diversified miner African Rainbow Minerals (ARM). Independent nonexecutive ARM director and investment committee member David Noko has been appointed ARM’s investment committee chairperson with immediate effect. 

Ontario signs Ring of Fire road access partnership agreement with First Nations

By: Mariaan Webb     3rd March 2020 The Ontario government and First Nations on Monday signed an agreement to advance planning and development of a proposed northern road link that will provide all-season access to mine sites in the Ring of Fire and connect communities to the provincial highway network. Premier Doug Ford and... 

Ontario Premier Doug Ford
Ontario Premier Doug Ford

Numsa march against exploitation in Rustenburg mines

By: African News Agency      27th February 2020 About 100 members of the National Union of Metalworkers (Numsa) from Lanxess chrome mine in Rustenburg braved the scorching sun on Wednesday, to march against exploitation in the mines. Dressed in red union T-shirts they chanted as they snaked through Unie Street heading to the offices of the... 

Solar power for mines under consideration – Assore 

By: Martin Creamer     21st February 2020 A scoping study is under way into the self-generation of electricity for Assmang’s mines – but not its smelters, Assore CEO Charles Walters said on Friday, when the company reported interim results that were negatively affected by weaker chrome and manganese prices, and lower shipments of... 

Assore's mines and logisitcs routes
Photo by Assore
Assore's mines and logisitcs routes

Glencore to harness heat energy from residual flare gas to generate electricity at Lydenburg smelter  

By: Marleny Arnoldi     21st February 2020 Glencore Operations South Africa (GOSA) on Tuesday signed an energy conversion service agreement with clean-tech company Swedish Stirling. Swedish Stirling will install, operate and maintain an estimated 9.9 MW facility at GOSA’s Lydenburg ferrochrome smelter.  

Glencore's ferrochrome smelter, in Lydenburg
Glencore's ferrochrome smelter, in Lydenburg

Price-hit Assore half-year earnings down, interim dividend upheld 

By: Martin Creamer     21st February 2020 JSE-listed base mineral and metals miner Assore, which on Friday reported net cash at a lower level of R8.1-billion, has declared an interim dividend of R7 a share for the half-year. Headline earnings for H1 FY20 decreased by 28% to R2,1 billion, compared to R2,9 billion for the H1 FY19. Assmang,... 

Charles Walters
Photo by Creamer Media
Charles Walters

South Africa could use mining royalties to set up sovereign fund – Minister

By: Reuters     20th February 2020 South Africa could use mining royalties to set up a proposed sovereign wealth fund, Mineral Resources and Energy Minister Gwede Mantashe said on Wednesday. President Cyril Ramaphosa said in an annual address to parliament last week the government had decided to establish a sovereign fund, but he... 

Eastplats achieves first PGM recoveries from tailings project

By: Marleny Arnoldi     18th February 2020 JSE- and TSX-listed Eastern Platinum (Eastplats) has successfully produced platinum group metal (PGM) concentrate from its refurbished small-scale PGM Circuit D – previously called the scavenger plant circuit. The company is using feed from its retreatment project, located at the company’s... 

Eastern Platinum's Crocodile River Mine
Eastern Platinum's Crocodile River Mine

Lower chrome prices drag down Merafe’s headline earnings

By: Marleny Arnoldi     17th February 2020 JSE-listed Merafe Resources expects to report a basic loss a share of between 52.9c and 58.3c for the year ended December 31. The company also anticipates a headline loss a share of between 2.3c and 2.9c for the year, compared with headline earnings a share of 27.2c for the year ended December... 

NUM members allegedly being ‘held hostage’ at Rustenburg mine

By: Simone Liedtke     13th February 2020 The National Union of Mineworkers (NUM) on Thursday voiced its concern that more than 100 of its members were allegedly “being held hostage” underground at the Lanxess chrome mine, in Rustenburg. According to a statement issued by the NUM, this was as a result of members of the National Union of... 

Gold drives South Africa’s mining production higher

By: Simone Liedtke     13th February 2020 Mining production in South Africa increased by 1.8% year-on-year in December, Statistics South Africa (Stats SA) reported on Thursday. The largest contributors to this were gold, with output up 24.9% and contributed 2.7 percentage points; other nonmetallic minerals, which was up 24.1% and... 

8 9 10 11
12
13 14 15 16

Latest News

more

Latest Videos

more

Company Announcements

more

 
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now