https://www.miningweekly.com
R/€ = 18.1298 Change: -0.0026
R/$ = 17.1738 Change: -0.0038
Au 1789.27 $/oz Change: 3.39
Pt 1009.00 $/oz Change: 2.51
 

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... 

Creamer Media picture of Northam CEO Paul Dunne.
Photo by Creamer Media
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... 

Creamer Media screenshot
Photo by Creamer Media
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... 

Creamer Media screenshot of Arne Frandsen of Pallinghurst
Pallinghurst managing partner and cofounder Arne Frandsen speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer

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... 

Picture of protestors holding Save SA Smelters placards
Placard-bearing Save SA Smelters members.

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... 

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... 

3 4 5 6
7
8 9 10 11

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