Chrome industry rejects export tax proposal
SOUTH Africa's chrome ore producers and ferrochrome smelters have rejected proposals for a chrome ore export tax, arguing that globally competitive electricity tariffs represent...
Glencore-Merafe starts retrenchments at ferrochrome smelters
RETRENCHMENTS will commence at the idled Wonderkop and Boeshoek smelters in South Africa, operated by the Glencore-Merafe Chrome Venture.
Some employees at Glencore's Alloys division...
Guinea targets premium prices for Simandou iron ore
GUINEA intends to maintain elevated prices for premium iron ore as its Simandou project prepares to ship its first cargoes this month, said Reuters...
Assmang brings curtain down on Beeshoek iron ore mine
AFRICAN Rainbow Minerals (ARM) announced its investment vehicle Assmang was putting the Beeshoek iron ore mine on care and maintenance resulting in the retrenchment...
Exxaro sells ferrosilicon assets for R250m to EverSeed
EXXARO Resources announced on Monday the sale of its ferrosilicon assets for R250m which it said was in line with its strategy to focus...
Glencore-Merafe registers 51% slump in ferrochrome output
GLENCORE Merafe Chrome Venture produced 51% less ferrochrome year-to-date as high energy prices forced it to cut smelter capacity.
Ferrochrome for the first nine months...
SA iron ore exports could face margin squeeze
A PILLAR of Kumba Iron Ore's business case is that about two-thirds of its 35 to 37 million tons in annual production is sold...
Exxaro has turned the corner. So where to from here?
EXXARO Resources CEO Ben Magara is hoping a one-fifth improvement in Exxaro’s share price in following its half-year results August is the beginning of...
Afrimat starts recovery but Nkomati mine hangs in balance
SHARES in diversified minerals company Afrimat improved six percent in early morning Johannesburg trade on Thursday after interim numbers to end-August demonstrated signs a...
Why Tharisa could be worth double its market value
THE irony of the government’s proposed chrome tax, aimed at encouraging local beneficiation of minerals, is that it punishes companies that do most to...