Nersa tariff saves jobs at Glencore ferrochrome smelters
AFTER months of uncertainty, the threat of job losses has been lifted from employees at the ferrochrome smelters of Glencore Merafe Chrome Venture.
This was...
Mantengu announces reverse takeover by UAE energy firm
MANTENGU Mining effectively brought the curtain down on five years of breathlessly controversial activity on the JSE announcing today its takeover by Averi, a...
Merafe’s Eskom deal: Government needs it more
THE Glencore-Merafe Chrome Venture’s proposed 62c per kWh electricity tariff deal with Eskom, far below the standard tariff of around 234c per kWh, could...
Strike halts mining at Guinea’s Simandou project
A PAY dispute has halted mining operations at the Baowu-led blocks of Guinea's giant Simandou iron ore project since last week, said Reuters on...
Exxaro Resources is breaking from its iron shackles
THERE has always been a tight correlation between the share prices of Exxaro and Kumba Iron Ore. That's because Exxaro's 20% stake in Kumba...
China lifts iron ore ban on BHP cargoes
CHINA has lifted its ban on purchases of BHP iron ore, ending a dispute that had restricted steel mills from buying seaborne cargoes from...
Ferrochrome: Eskom opts for less revenue than none at all
ESKOM has opted for less revenue from South Africa's ferrochrome producers rather than no revenue at all. For a company that now generates more...
US minerals deal helps Congo raise $1.25bn in maiden bond
THE Democratic Republic of Congo has raised $1.25bn in its first international bond sale, capitalising on growing global demand for its critical minerals and...
Iron ore slips on signs of BHP-China thaw
IRON ore prices fell to their lowest in a month after reports emerged that BHP Group's incoming CEO had visited Beijing, raising hopes that...
Glencore gives Eskom days to save ferrochrome deal
GLENCORE has given Eskom less than a week to accept revised terms on a power discount deal that would keep its South African ferrochrome...