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Chrome News
Electra Mining Africa 2020 going digital with Connect – and it’s free of charge 
By: Martin Creamer 20th August 2020 The Electra Mining Africa Connect week will enable exhibitors to promote their products and services free of charge alongside industry-related informative webinars, media activations and product showcase opportunities from September 7 to 11. For the first time in 48 years, Electra Mining Africa... →
Awesome new proudly South African face mask kindling international interest 
By: Martin Creamer 13th August 2020 An awesome new proudly South African face mask, with a replaceable filtration system at its heart, is attracting international interest. The innovative and timely Hudaco Air Mask is a lockdown-period product of the Johannesburg Stock Exchange-listed Hudaco Industries group. (Also watch attached... →
Jubilee processing capacity at Windsor fully committed, new processing facility acquired
By: Tasneem Bulbulia 13th August 2020 Dual-listed Jubilee Metals Group has entered into a third-party run-of-mine (RoM) chrome ore offtake agreement that fully commits its Windsor chrome beneficiation plant for the →
Ferrochrome business remains solid, world still requires large amount of it – Glasenberg
By: Martin Creamer 11th August 2020 The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world. Unfortunately, most of the production occurs in ferrochrome plants in China, while South Africa continues exporting chrome ore and moving a large amount of it to China owing to South... →
Mine export values back but volumes need boosting – Minerals Council
By: Martin Creamer 10th August 2020 South Africa’s mine export values have bounced back encouragingly but volumes still need boosting. June’s export value was 13% up on May. →
Coal will continue to be assessed but should remain in Glencore right now – Glasenberg
By: Martin Creamer 6th August 2020 Coal will continue to be assessed but should remain in Glencore right now, Glencore CEO Ivan Glasenberg said on Thursday. For the six months to June 30, the London- and Johanneburg-listed diversified mining and marketing company report that its energy business was down 65% at $0.7-billion on... →
Glencore holds back on dividend, accelerates net debt reduction
By: Martin Creamer 6th August 2020 Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... →
Afena Capital now holds 5.82% stake in Merafe
By: Donna Slater 5th August 2020 Independent investment management firm Afena Capital has acquired a beneficial interest in ferrochrome producer Merafe Resources and now holds 5.82% of the issued ordinary share capital. Afena Capital aims to responsibly grow its clients’ wealth by generating sustainable inflation-beating... →
Glencore’s strong first-half positions it for top-end marketing earnings
By: Martin Creamer 31st July 2020 Diversified mining and marketing company Glencore has delivered an overall strong first-half operating performance amid the unprecedented challenges presented by Covid-19. “This reflects both the ability and dedication of our teams to adapt to these difficult conditions,” said Glencore CEO Ivan... →
Merafe’s interim production, earnings decrease
By: Tasneem Bulbulia 28th July 2020 JSE-listed Merafe Resources reports that its attributable ferrochrome production from the Glencore Merafe chrome venture for the six months ended June 30 had decreased by 42% year-on-year. The decrease is as a result of production cutbacks in response to Covid-19, market conditions and... →
Covid-19 slashes Sylvania's fourth-quarter production, profit
By: Marleny Arnoldi 27th July 2020 London-listed Sylvania has successfully ramped up to full capacity at its Sylvania Dump Operations (SDO), following a hard lockdown and subsequent ramping up process in South Africa, in the quarter ended June 30. The company only produced 9 055 oz of platinum, palladium, rhodium and gold (4E)... →
Cops confiscate illegally mined chrome, excavator totalling more than R2m in bust
By: News24Wire 25th July 2020 A Hawks operation has seen police officers seize chrome stockpiles and an excavator totalling more than R2 million in Limpopo, a spokesperson said. The operation at the Modikwa Mine in Burgersfort on Friday was in response to the "ongoing scourge of illegal mining in the province", said Hawks... →
Glencore hands over R30m community clinic
By: Donna Slater 23rd July 2020 Ferroalloys producer Glencore Alloys South Africa handed over the Bethanie Clinic healthcare facility, near Brits, to the to the North West Province Department of Health this week. The old Bethanie Clinic had become run down and ill-equipped to treat the more than 3 500 people who were visiting... →
Menar’s R250m cash-funded solar-served East Manganese project is under way
By: Martin Creamer 23rd July 2020 Initial project activities are under way at the R250-million cash-funded East Manganese project in Hotazel, Northern Cape, where the hot sun will be harvested to provide solar power to the mine’s infrastructure. The development forms part of the company’s strategy of building a manganese... →
‘Historic dumps’ do not appear to be MPRDA regulated – law firm
By: Martin Creamer 20th July 2020 South Africa’s ‘historic dumps’ – mine dumps created prior to the promulgation of the Minerals and Petroleum Resources Development Act (MPRDA) which took effect in 2004 – do not appear to be regulated under the MPRDA, and the common law owners of such dumps do not require a right under the MPRDA... →
SA’s ferrochrome retreat points to steady erosion of competitiveness
By: Nadine James 17th July 2020 The local chromium industry is ostensibly being cut out of global ferrochrome production, owing to its eroding competitiveness and the comparatively ‘low-hanging fruit’ of supplying chromite. While it is seemingly economically expedient at present, the continued decline in local ferrochrome... →
Chrometco narrows full-year losses
By: Marleny Arnoldi 16th July 2020 JSE-listed chrome miner Chrometco says that despite the impact of the low chrome price during the latter part of the financial year ended February 29, the company’s results had improved compared with the prior financial year's performance. In the year under review, the company’s Black Chrome... →
Global mining sharing knowledge in response to Covid-19
By: Martin Creamer 14th July 2020 The International Council on Mining & Metals (ICMM) has been convening many knowledge-sharing sessions in response to the coronavirus. Among ICMM’s 27 mining and metals company members and 36 association members are South Africa’s African Rainbow Minerals, Anglo American, AngloGold Ashanti,... →
Chrometco expects to report narrowed losses for the 2020 financial year
By: Marleny Arnoldi 14th July 2020 AltX-listed Chrometco expects to report a headline loss a share of between 0.97c and 1.27c for the financial year ended February 29. This represents a 16% to 36% improvement on the restated headline loss a share of 1.52c reported for the year ended February 28, 2019. →
Positive reaction to ANC document’s encouragement of exploration
By: Martin Creamer 14th July 2020 Reaction has been positive to the discussion document of economic transformation committee (ETC) of the African National Congress (ANC), which states that the listing of mining companies on the Johannesburg Stock Exchange (JSE) should be encouraged and mining exploration incentivised, as is the... →
Paul Miller...flashback to his period in coal exploration and development.
Covid opens up opportunity for more constructive, purposeful dialogue – Minsur
By: Martin Creamer 13th July 2020 The Covid-19 pandemic has allowed the mining industry to highlight and strengthen its role as a catalyst of social development in the areas in which it operates, Minsur CEO Juan Luis Krueger said on Monday. Krueger was speaking during an International Council on Mining and Metals (ICMM) online... →
Investors in mining exploration should be incentivised – ANC’s ETC
By: Martin Creamer 13th July 2020 Listings of mining companies on the Johannesburg Stock Exchange should be encouraged and South African retail investors willing to invest in mining exploration should be incentivised as is the case in other mining jurisdictions, the economic transformation committee (ETC) of the African National... →
ANC document says mining exploration should be incentivised.
Return of foreign mineworkers taking double planned time
By: Martin Creamer 13th July 2020 The return of the 12 500 foreign mineworkers to South Africa’s mines is taking double the time planned. The initial ten-day plan of Minerals Council South Africa has become a 20-day plan because of the need to overcome bottlenecks. →
Tharisa revises production guidance downward, despite strong recovery in May, June
By: Marleny Arnoldi 9th July 2020 Considering Covid-19 lockdown restrictions in the second quarter of the year, JSE-listed chrome and platinum group metals (PGMs) miner Tharisa has revised downward its production guidance for the year ending September 30. The company now expects to produce between 130 000 oz and 135 000 oz of... →
Minerals Council regrets delay of 2018 Mining Charter review
By: Martin Creamer 6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... →
Minerals Council South Africa.
Third-quarter ferrochrome benchmark price rolls over at $1.14/lb
By: Martin Creamer 6th July 2020 The European benchmark ferrochrome price for the third quarter of 2020 has been settled at $1.14/lb, a rollover from the second quarter of 2020, JSE-listed Merafe Resources advised shareholders on Monday. This price remains an increase of 12.9% on the first-quarter price of $1.01/lb. →
Lion ferrochrome.
Lithium feeling pandemic pinch
By: Theresa Bhowan-Rajah 3rd July 2020 The lithium market is declining as a direct result of electric vehicle (EV) plans being pushed back and EV production plummeting, says international commodities consultancy Core Consultants. →
Covid kills 13 mineworkers, no foreigners back at work
By: Martin Creamer 2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... →
Swedish Stirling, Samancor sign MoU for clean energy tech at smelters
By: Tasneem Bulbulia 1st July 2020 Clean tech company Swedish Stirling and South African ferrochrome producer Samancor Chrome have entered into a memorandum of understanding regarding the possible installation of up to 135 PWR BLOKs at Samancor Chrome’s TC Smelter, Ferrometals and Tubatse Alloys smelters. On December 13, 2019,... →
Seriti CEO seeks acquisitions beyond South African coal mines
By: Bloomberg 25th June 2020 Seriti Resources Holdings has satisfied its appetite for South African coal mines after acquisitions over the past three years made the company one of the nation’s top producers of the fuel. Seriti will consider a range of growth opportunities from other minerals to renewable energy, CEO Mike... →
Lesotho opens more border posts for return of foreign mineworkers
By: Martin Creamer 25th June 2020 Lesotho has opened up more border posts to speed up the return to work of locked-down foreign mineworkers. As reported by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested. →
Glencore says will cooperate with investigation by Swiss
By: Martin Creamer 20th June 2020 Diversified mining company Glencore stated at the weekend that it would cooperate with an investigation opened into it by the office of the attorney general of Switzerland. Glencore stated in a release to Mining Weekly that it had been informed by the office of the attorney general that it had... →
Glencore head office.
Glencore, Merafe begin Section 189 consultation process
By: Martin Creamer 19th June 2020 The alloys division of Glencore Operations South Africa and Merafe have commenced a consultation process in terms of sections 189 and 189A of the Labour Relations Act (LRA) with employee representatives and recognised trade unions, the JSE-listed Merafe Resources stated on Friday. Mining Weekly... →
The Lion Ferrochrome Smelter
Eastplats halts chrome concentrate production for Covid-19 testing, cleaning
By: Schalk Burger 17th June 2020 Canada-based platinum group metals and chrome miner Eastern Platinum (Eastplats) has temporarily halted its chrome concentrate production in South Africa. The operation at the Crocodile River Mine, in the North West province, was halted over the weekend of June 13 and 14 as a result of a... →
More border openings wanted for returning workers – Minerals Council
By: Martin Creamer 15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... →
Lubrication packs cater for customised needs
By: Cameron Mackay 12th June 2020 Local lubrication solutions supplier Lubrication Engineers (LE) South Africa is making its leading products available in value packs, specifically designed to meet the lubrication requirements of everyday users in the local mining industry. LE national marketing manager Callum Ford states that... →
240 000 miners back at work – Minerals Council South Africa
By: Martin Creamer 11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... →
ICMM members record 287 fatalities in 2019
By: Martin Creamer 11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... →
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