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Chrome News

US tariffs on minerals leave out markets that China dominates

By: Bloomberg     Updated 5 hours ago President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest. The commodities that made the duties... 

Eastplats reports record revenue for 2023 financial year

By: Creamer Media Reporter      6th May 2024 JSE- and TSX-V-listed Eastern Platinum (Eastplats) has reported net income attributable to shareholders of $13.8-million for the 2023 financial year, compared with a loss of $900 000 for the 2022 financial year, mainly as a result of higher revenue. Revenue increased to a record $106.9-million,... 

Glencore’s Rustenburg ferrochrome smelter remains idled 

By: Martin Creamer     30th April 2024 Pending an improved price and cost environment, Glencore said in its first-quarter 2024 production report on Tuesday that its Rustenburg ferrochrome smelter in South Africa’s North West province would remain idled. The London- and Johannesburg-listed diversified mining and marketing company... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Merafe reports 26% y/y decrease in first-quarter ferrochrome production

By: Sabrina Jardim     22nd April 2024 JSE-listed Merafe has reported that its attributable ferrochrome production from the Glencore Merafe Chrome Venture in the first quarter ended March 31 was 77 000 t. This represents a 26% decrease from the 103 000 t produced in the first quarter of 2023. 

Jubilee achieves record third-quarter chrome output, while copper expansion advances 

By: Marleny Arnoldi     18th April 2024 Aim- and ASX-listed Jubilee Metals has achieved record production levels at its South African chrome operations, both on monthly output for March and for the quarter ended March 31 – which is the third quarter of the company’s 2024 financial year. Chrome output of 408 710 t in the quarter... 

Jubilee CEO Leon Coetzer at the Roan concentrator
Jubilee CEO Leon Coetzer at the Roan concentrator

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Phiri to succeed Mngomezulu as Merafe chairperson in May

By: Creamer Media Reporter      10th April 2024 JSE-listed Merafe Resources has announced that Abiel Mngomezulu will retire as chairperson at the company's annual general meeting (AGM) on May 15. "The board would like to thank Mr Mngomezulu for his exemplary leadership and significant contributions made to the board and the company during the... 

Market development of full PGMs basket is essential, Industry Day hears  

By: Martin Creamer     10th April 2024 Representatives of the producers of 90% of the world’s climate-vital platinum group metals (PGMs) heard during Wednesday’s PGMs Industry Day that market development of the full PGMs basket – and not just platinum and palladium – is essential at this time of global implementation of a cleaner and... 

Minerals Council South Africa CEO Mzila Mthenjane
PGMs Industry Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Tharisa reports strong operational performance for the March quarter

By: Creamer Media Reporter      10th April 2024 Platinum group metals (PGMs) and chrome miner Tharisa performed well, operationally, in the quarter ended March 31, CEO Phoevos Pouroulis says. The company produced 35 300 oz of PGMs in the quarter – the second quarter of its 2024 financial year – compared with the 35 700 oz produced in the first... 

Tharisa CEO Phoevos Pouroulis
Tharisa CEO Phoevos Pouroulis

Platinum-linked green hydrogen set to be world’s ‘new oil’, Forbes article highlights  

By: Martin Creamer     10th April 2024 There's no climate solution without hydrogen. It’s the missing piece of the clean energy puzzle, says a global CEO-led initiative that brings together leading companies with a united vision. This initiative has ballooned to 150 multinationals companies from its modest 13-leader 2017 launch at the... 

Hydrogen economy, platinum group metals go together.
Photo by Inforgraphic: Heraeus Precious Metals
Hydrogen economy, platinum group metals go together.

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Transnet Freight Rail’s North Corridor achieves weekly record

By: Tasneem Bulbulia     26th March 2024 Transnet Freight Rail’s (TFR’s) North Corridor accomplished the delivery of 1.41-million tonnes last week, marking the most substantial weekly performance in terms of volume for the current financial year. This includes the transport of 1.18-million tonnes of export coal to the Richards Bay Coal... 

Richards Bay Multipurpose Terminal takes delivery of cargo handling equipment

By: Tasneem Bulbulia     26th March 2024 The Richards Bay Multipurpose Terminal (MPT) has taken delivery of new cargo handling equipment, aiding the loading of export coal, magnetite, chrome and pig iron aboard calling Cape-sized vessels. The terminal is leasing 75 dumpers and 35 payloaders for 12 months – a temporary measure after an... 

An image showing new equipment at the Richards Bay Multipurpose Terminal
New equipment

Ferrochrome benchmark price settles higher 

By: Martin Creamer     25th March 2024 The European benchmark ferrochrome price for the second quarter of this year has been settled at $1.52/lb, 5.6% up on the first three months of 2024, Merafe Resources informed shareholders on Monday, March 25. Ferrochrome is a prime ingredient of stainless steel and most of the ferrochrome... 

The energy-efficient Lion ferrochrome smelter.
The energy-efficient Lion ferrochrome smelter.

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

Ferrochrome producer Merafe cites green energy solutions as 2024 opportunity  

By: Martin Creamer     18th March 2024 The Glencore-Merafe Chrome Venture is exploring renewable energy projects to mitigate power shortages and power costs, Merafe Resources CEO Zanele Matlala said on Monday, when the Johannesburg Stock Exchange-listed company elevated its dividend declarations for 2023 to a total of R1 050-million,... 

Merafe CEO Zanele Matlala and FD Ditabe Chocho.
Merafe 2023 results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Merafe declares cash dividend on record profit, elevated chrome

By: Martin Creamer     18th March 2024 Ferrochrome and chrome company Merafe achieved a record profit of R1 753-million despite what it describes as a challenging economic environment in the 12 months to December 31. The board of directors of the Johannesburg Stock Exchange-listed Merafe declared a final cash dividend of R550-million,... 

Merafe CEO Zanele Matlala.
Photo by Creamer Media
Merafe CEO Zanele Matlala.

Africa’s biggest freight rail market set for private operators

By: Bloomberg     13th March 2024 Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African government is about to publish a so-called rail network statement that will propose rules for private rail... 

A locomotive and wagons owned by Transnet Freight Rail

Tharisa launches its Redox One energy storage business

By: Sabrina Jardim     12th March 2024 Integrated resource group Tharisa has launched its Redox One business, which develops long-term energy storage solutions that incorporate the raw materials produced by Tharisa. The company says its solutions use proprietary proven technology developed over decades, including by the National... 

Redox One CEO THOMAS GEBAUER
Redox One CEO THOMAS GEBAUER

ARM declares interim dividend from robust net cash position

By: Martin Creamer     8th March 2024 Diversified mining company African Rainbow Minerals (ARM) on Friday declared an interim dividend for the six months ended December 31, when ARM had net cash of R7.9-billion. The interim dividend of R6 a share is well down on the R14 a share declared in the corresponding period of last year. 

ARM Executive Chairperson Dr Patrice Motsepe.
ARM Executive Chairperson Dr Patrice Motsepe.

Mantengu to issues shares to settle R7.5m creditors balance

By: Tasneem Bulbulia     7th March 2024 JSE-listed Mantengu Mining will issue 4.98-million shares to its creditors, to settle its R7.5-million creditor balance. This comes as certain parties to loan contracts, which the company previously entered into, have agreed to convert their debt claims against Mantengu into equity at a rate of... 

Jubilee establishes separate subsidiary boards for its South African, Zambian operations

By: Sabrina Jardim     6th March 2024 Metals processor Jubilee Metals has established separate subsidiary boards for its South African and Zambian operations to better reflect the current level of business maturity of those operations. "Jubilee has reached an exciting inflection point in its business journey with the ability to... 

Merafe’s shares rise on higher earnings expectations

By: Tasneem Bulbulia     4th March 2024 The share price of JSE-listed Merafe Resources increased by more than 15% on the morning of March 4, after the company informed shareholders that it was likely to report higher earnings for the financial year ended December 31, 2023. Merafe expects to report a 14% to 34% increase in basic... 

Platinum remains in fundamental deficit – Northam  

By: Martin Creamer     1st March 2024 Platinum remains in fundamental deficit, Northam CEO Paul Dunne emphasised at the company’s presentation on Friday, which reported a strong performance from all group operations in the six months to December 31. “In mining terms, it’s a slow-burning fuse. Ultimately, we will see a price response... 

Northam CEO Paul Dunne.
Northam Platinum half-year presentation covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer

South Africa’s Jubilee Metals continuing to grow copper strongly in Zambia

By: Martin Creamer     26th February 2024 The copper operations in Zambia of South Africa’s Jubilee Metals showed strong growth in the six months to December 31, with further sharp increases expected going forward. The Johannesburg- and London-listed Jubilee, led by CEO Leon Coetzer and chaired by former Mpumalanga Premier Mathews Phosa,... 

Mozambique port critical to chrome exports gets upgraded railway link

By: Bloomberg     21st February 2024 The biggest port in Mozambique that’s become a key hub for global chrome exports will upgrade a railway link, bolstering a planned $2-billion capacity expansion. The African Development Bank is financing the purchase of $40-million of locomotives and wagons and another $30-million is under... 

A rail line in South Africa

EIB in talks with South Africa over loan for ports, freight rail

By: Bloomberg     15th February 2024 The European Investment Bank (EIB) said it’s in talks to loan South Africa money to upgrade its port and freight-rail infrastructure as its first contribution to a decarbonization pact known as the Just Energy Transition Partnership. The loan, the size of which the EIB didn’t disclose, is part of... 

Locomotives owned by Transnet Freight Rail

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Mining industry sustainability hinges on energy, logistics reforms, Minerals Council stresses

By: Schalk Burger     9th February 2024 The sustainability of the South African mining industry and its ability to play a meaningful and positive role in society and the economy are dependent on urgent and extensive structural reforms in the energy and logistics sectors, mining industry organisation the Minerals Council South Africa... 

Minerals Council CEO Mzila Mthenjane
Minerals Council CEO Mzila Mthenjane

Chrome highlighted for resistance properties

9th February 2024 With stainless steel considered a “marvel of modern engineering”, owing to its involvement with products ranging from kitchen appliances to surgical instruments, independent corrosion and failure consultant Simon Norton notes that stainless steel’s most celebrated feature is its “remarkable”... 

CHROME CONDITIONING
Chromium can be used in a chemical coating process known as chrome plating whereby a thin chromium layer is applied to a raw metal substrate
Photo by Adobe Stock
CHROME CONDITIONING Chromium can be used in a chemical coating process known as chrome plating whereby a thin chromium layer is applied to a raw metal substrate

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

Procurement extortion, copper theft serious issues for South African miners

By: Rebecca Campbell     5th February 2024 One of the major crime problems facing South African mining companies is that of the so-called “construction mafias”, or perhaps more accurately (as far as mining is concerned) “procurement mafias”. That is, organised crime gangs seeking to extort procurement contracts from mining companies,... 

Werner Duvenhage, Dr Mashego Mashego and Stephen Bullock
Werner Duvenhage, Dr Mashego Mashego and Stephen Bullock
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