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Chrome News
Countercyclical Northam growth strategy creates 8 000 jobs, 2 000 this year 
By: Martin Creamer 30th September 2021 The record operational and financial performance of Northam Platinum in the 12 months to June 30 was accompanied by the creation of 2 335 new sustainable jobs, which takes the total generated by the platinum group metals (PGMs) mining company well-timed growth strategy from 2015 to 8 232. In... →
Northam Platinum’s headline earnings soar 215%
By: Martin Creamer 30th September 2021 The normalised headline earnings of platinum group metals (PGMs) mining company Northam Platinum soared by more than 215% to R10.9-billion in what was a record operational and financial performance in the 12 months to June 30. The JSE-listed company stated on Thursday that its earnings before... →
Northam Platinum CEO Paul Dunne
Sibanye-Stillwater moving to radical transparency on public tailings disclosure
By: Martin Creamer 29th September 2021 Gold, platinum and green metals company Sibanye-Stillwater is moving towards the embrace of radical transparency when it comes to public disclosure on matters relating to tailings facilities against the backdrop of 230 significant tailings failures having taken place globally. Sibanye-Stillwater... →
Sibanye-Stillwater CEO Neal Froneman
Bauba narrows full-year loss; to raise R34m through claw-back offer
By: Tasneem Bulbulia 29th September 2021 JSE-listed Bauba Resources has posted a total comprehensive loss of R27.23-million for the financial year ended June 30, compared with a loss of R45.28-million in the 2020 financial year. The basic and headline loss a share for the period was 4.73c, compared with 8.07c in the prior financial year. →
Tharisa sets down initial decarbonisation targets
By: Marleny Arnoldi 29th September 2021 Platinum group metals miner Tharisa has announced a target of reducing its carbon emissions by 30% by 2030, from 2020 as a baseline. The company is in the process of developing a roadmap to net carbon neutrality by 2050. →
Mantashe hopeful of turning Limpopo, North West, Northern Cape into new mining hotspots
By: Donna Slater 28th September 2021 Mineral Resources and Energy Minister Gwede Mantashe hopes to spur growth in mining hubs within Limpopo, the North West and the Northern Cape provinces with the launch of the Limpopo Mining Investment Conference, which was held on September 28. During a keynote address, he explained that the... →
Green Sedibelo will use 82% less electricity to take PGMs all the way to end consumer
By: Martin Creamer 28th September 2021 Platinum group metals (PGMs) producer Sedibelo Platinum Mines is well on its way to becoming the lowest of low-energy PGM energy users and the highest of high on-site beneficiators of metals that are key in the global fight against climate change. Sedibelo’s technology sensation is the remarkable... →
Tharisa makes lead independent director, board committee changes
By: Tasneem Bulbulia 21st September 2021 Dual-listed Tharisa on Tuesday announced a change to its lead independent director and the composition of certain board committees. In addition, the platinum group metals and chrome producer also announced additional senior management appointments to enhance its corporate governance, climate... →
Ferrochrome prices increase 15.4% for fourth quarter, says Merafe
By: Simone Liedtke 21st September 2021 The European benchmark ferrochrome price for the fourth quarter of 2021 has been settled at $1.80/lb, a 15.4% increase from the third quarter, JSE-listed ferrochrome producer Merafe Resources said on Tuesday. Mining Weekly last month reported that steel production had recovered to prepandemic... →
Save SA Smelters responds to ChromeSA’s ‘high-risk’ analysis
By: Martin Creamer 17th September 2021 The Save SA Smelters movement, which has thrown its full weight behind the decision of the Cabinet to impose an export tax on raw chrome leaving the country, on Friday responded to the analysis of ChromeSA that the imposition of such a tax would be high risk. ChromeSA was formed late last year... →
ERG and NFC China to build special coke plant in Kazakhstan
By: Creamer Media Reporter 16th September 2021 Eurasian Resources Group (ERG) and China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC China) have signed an engineering, procurement and construction (EPC) contract to build a special coke plant at Shubarkol Komir in Kazakhstan. The new 400 000 t/y plant will produce a... →
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... →
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... →
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... →
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... →
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.... →
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... →
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.... →
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 →
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... →
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... →
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... →
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... →
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. →
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... →
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... →
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... →
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... →
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... →
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... →
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