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Chrome News

Mining production up 10.3% y/y in July

By: Donna Slater     14th September 2021 Statistics South Africa (Stats SA) reports that production from South Africa’s mining industry increased by 10.3% year-on-year in July, with the largest contributors being the production of iron-ore, which was up by 42.9%, contributing 3.9 percentage points to the overall tally. Platinum group... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

ChromeSA says imposition of export tax would be high risk  

By: Martin Creamer     14th September 2021 The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem. Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this... 

Creamer Media Screenshot taken of McAdam during zoom interview
ChromeSA representatives Alistair McAdam and Paul Anderson on chrome export tax. Video: Darlene Creamer.

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Machine learning reaches mineral prospecting

By: Halima Frost     27th August 2021 The partnership between mining consulting services provider The MSA Group and Canadian mining software developer Koan Analytics has resulted in machine learning being available to minerals explorers in South Africa and throughout the world. “The partnership offers access to the most advanced... 

A map of ore deposits in a x-ray type image Ontario Canada for MSA Group and Koan
MINERAL MAP Clients will be able to use machine learning technology to map mineral resources across the globe

Metallurgical tests prove profitable

27th August 2021 Gold mining company African Gold Group in July announced the final metallurgical test results from its comprehensive sulphide testwork programme, which incorporated variability testing to determine the optimal process route of the ore across the extent of the orebody at its Kobada mine in Mali.... 

Gold nuggets on wooden table Shutterstock image
GOING FOR GOLD New results have reported a better than predicted recovery at the Kobada gold mine

Transnet, Minerals Council to strengthen cooperation to improve network operations

By: Schalk Burger     24th August 2021 State-owned Transnet and mining industry organisation Minerals Council South Africa have agreed to collaborate to ensure operational improvements across the freight system to get back to target performance levels in the short term and then to position for growth in the future. The organisations... 

An image of Transnet Freight Rail's iron-ore rail corridor

Afarak settles Absa dispute

By: Marleny Arnoldi     24th August 2021 London-listed Afarak Group has advised that a claim has been settled between itself and South African financial services provider Absa Bank. The dispute settlement also led to the District Court of Helsinki dismissing the claim in its entirety.  

IDC in discussion on the introduction of an exploration fund – Demana   

By: Martin Creamer     23rd August 2021 The Industrial Development Corporation (IDC) is in discussion on the introduction of a fund to underpin much-needed exploration in South Africa. This was stated by Reginald Demana, the IDC’s head of mining and metals, infrastructure and energy, in a wide-ranging Zoom interview with Mining Weekly.... 

Reginald Demana picture from files
IDC Mining, Metals, Infrastructure & Energy Head Reginald Demana interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Resources Watch  

18th August 2021 This week: Exxaro ups coal volume at risk owing to Transnet challenges to three-million tonnes; Coal miner Exxaro to spell out decarbonisation strategy on Sept 20; and, Up to 450 MW for cleaner, greener ferrochrome envisaged 

Image of Resources Watch
Resources Watch

South Africa on verge of nice breakthroughs in hydrogen, says new SAIMM president  

By: Martin Creamer     17th August 2021 South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery... 

An image of new SAIMM president Isabel Geldenhuys
South African Institute of Mining and Metallurgy president Isabel Geldenhuys interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Friendly South African face could quickly attract exploration investment – Bristow 

By: Martin Creamer     11th August 2021 South Africa looks a lot like the global gold mining industry in that it has not encouraged reinvestment in its mining industry’s future, says Barrick Gold president and CE Dr Mark Bristow. "In fact, if anything, South Africa has harvested what it received back in 1994," adds Bristow, a hugely... 

A picture of Mark Bristow, taken from quarterly Barrick presentation on August 9, 2021
Photo by Creamer Media
Barrick president and CE Dr Mark Bristow.

Up to 450 MW for cleaner, greener ferrochrome envisaged  

By: Martin Creamer     10th August 2021 Stainless steel production has recovered to pre-pandemic levels, resulting in robust demand for ferrochrome and chrome ore and better pricing on both, Merafe CEO Zanele Matlala said on Tuesday when the company reported cash-rich results supported by increased production. Improved efficiencies... 

Picture of Merafe CEO taken by Creamer Media
Merafe Resources presentation of results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Merafe’s ferrochrome earnings rocket on strong demand, dividend declared 

By: Martin Creamer     10th August 2021 Ferrochrome company Merafe on Tuesday reported an after-tax profit of R576-million in the six months to June 30 compared with a loss of R961-million in the prior comparative period. Half-year ferrochrome production rose 66% to 199 000 t, revenue rose 60% to R3 746-million and earnings before... 

A picture provided by Merafe of ferrochrome being smelted.
Half-year ferrochrome production volumes increased significantly.

Merafe appoints new nonexec director

By: Marleny Arnoldi     6th August 2021 JSE-listed Merafe Resources has announced that nonexecutive director Shaun Blankfield has resigned and will be succeeded by Michael Toman. Toman is a chartered accountant and co-head of business development at Glencore South Africa. 

Jubilee records full-year revenue, earnings growth

By: Tasneem Bulbulia     6th August 2021 Dual-listed Jubilee Metals Group recorded a year-on-year operational earnings increase of 178% and a revenue increase of 133% for the financial year ended June 30. The company had combined attributable operational earnings for the six months to June 30  of £40.1-million – up 36% from the previous... 

Ferrochrome is part of the green revolution – Glencore 

By: Martin Creamer     6th August 2021 Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently. “We've seen very healthy ferrochrome prices and good cash generation in that business,” Glencore CEO Gary Nagle said. 

An image showing wind turbines in Canada
Glencore, which uses wind turbine generated energy in Canada and Australia, is looking to also do so in South Africa.

Afarak Mogale exits business rescue

By: Tasneem Bulbulia     5th August 2021 BDO Business Restructuring has successfully concluded the business rescue of chrome and alloys specialist Afarak Mogale through the negotiation and signing of a share subscription agreement for the acquisition of the shares and business of Mogale by ferrochrome producer Bright Minerals for... 

Glencore top-up lifts planned shareholder returns to $2.8-billion 

By: Martin Creamer     5th August 2021 Diversified mining and marketing company Glencore on Thursday announced additional shareholder returns, comprising a $0.5-billion special cash distribution for payment in September and a $650-million share buyback to be completed by the release of full-year results next year. This overall top-up... 

A picture of Gary Nagle, who has taken over from Ivan Glasenberg as CEO of Glencore.
Glencore CEO Gary Nagle

How eight entrepreneurs helped shape the South African economy

30th July 2021 In this exploration of eight famous, and not so famous, South African entrepreneurs, economic historian Stefan Schirmer celebrates the dynamism, tenacity and ingenuity of these individuals, while delving into the complexities of building successful enterprises in a society so deeply scarred by... 

How eight entrepreneurs helped shape the South African economy

Merafe lifts interim output

By: Tasneem Bulbulia     26th July 2021 JSE-listed Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture for the six months ended June 30 was 199 000 t, a 65.6% increase year-on-year. The increase was mainly owing to current production being less affected by the Covid-19 restrictions, coupled with... 

Commission conditionally approves Bright Minerals, Mogale merger

By: Simone Liedtke     23rd July 2021 The South African Competition Commission has conditionally approved the proposed merger whereby miner Bright Minerals intends to acquire ferrochrome producer Mogale. Mogale was previously owned by Nasdaq- and London-listed specialist alloy producer Afarak Group, which placed its South African... 

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Tharisa serves up higher third-quarter output, revenue

By: Marleny Arnoldi     9th July 2021 LSE- and JSE-listed chrome and platinum miner Tharisa delivered record mining and processing rates in the quarter ended June 30 – the third quarter of the company’s financial year. The company produced 39 000 oz of platinum, palladium, rhodium, iridium, ruthenium and gold (6E) platinum group... 

Export tax key to unlocking dormant ferrochrome smelting capacity, says lobby group 

By: Marleny Arnoldi     8th July 2021 Mining representative group ChromeSA and ferrochrome lobby group SaveSA Smelters remain at odds about the proposed implementation of a chrome ore export tax. ChromeSA in a statement on July 7 maintained that “destroying another industry” – referring to chrome ore producers – is not a solution... 

ChromeSA steadfast that ‘destroying another industry’ is not the way to save the ferrochrome industry

By: Simone Liedtke     7th July 2021 ChromeSA on July 7 maintained that “destroying another industry” – referring to the majority of South Africa’s chrome ore producers – is “not a solution” to challenges faced by SaveSA Smelters, a group which represents individuals and companies negatively impacted by the current state of the... 

Gold heading towards ‘refuge of choice’ status, says incoming AngloGold CEO  

By: Martin Creamer     6th July 2021 Gold is poised to be a "refuge of choice" in the years ahead owing to the extent to which money is being printed and world debt is rising, AngloGold Ashanti CEO-designate Alberto Calderon said on Tuesday. Speaking to Mining Weekly in a Microsoft Teams interview ahead of taking office on September... 

Newly appointed AngloGold CEO
AngloGold Ashanti CEO-designate Alberto Calderon interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Bauba completes acquisition of Nuco Chrome stake

By: Simone Liedtke     5th July 2021 Diversified miner and explorer Bauba Resources now owns 74% of the entire issued share capital of exploration company Nuco Chrome and the Kookfontein mine, located in South Africa’s North West province. Nuco has started site establishment of the opencast upper group two (UG2) reef and expects a... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Glencore paid governments $5.8bn, working hard to develop local skills

By: Martin Creamer     30th June 2021 As one of the world’s largest natural resource companies, with operations across five continents, Glencore is committed to delivering long-lasting socioeconomic benefits, CFO Steven Kalmin on Wednesday. Speaking on video with the release of Glencore's 2020 Payment to Governments Report, Kalmin... 

Glencore CFO Steven Kalmin
Photo by Creamer Media
Glencore CFO Steven Kalmin

CRU also warns about potential negative impacts of proposed chrome tax 

By: Marleny Arnoldi     23rd June 2021 While a chrome ore tax does protect South African smelting interests, any benefit could be negated by a retaliation from China or a loss of market share for miners, says commodity analyst CRU chrome analyst Samuel Grant. The South African government in October last year announced it was... 

Chrome smelter operation in Lydenburg
Chrome smelter operation in Lydenburg

Advocacy group calls for expedited implementation of chrome ore export tax  

By: Marleny Arnoldi     21st June 2021 Lobby group Save SA Smelters has urged government to act with urgency in implementing the raw chrome ore export tax. Cabinet on October 22 released a statement in which it said it approved of measures to support the domestic ferrochrome industry, including through an export tax on chrome ore.  

Chrome smelter
Chrome smelter

Ferrochrome price to remain steady into third quarter – Merafe

By: Donna Slater     17th June 2021 JSE-listed ferrochrome producer Merafe Resources reports that the European benchmark ferrochrome price for the third quarter of this year has been settled at $1.56/lb. This value is a rollover of the ferrochrome price from the second quarter, which had represented a 32.8% increase on the... 

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill 

By: Simone Liedtke     15th June 2021 The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces. While higher-cost furnaces in southern China have been able to fill the short-term... 

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.
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