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...
Exxaro reins in copper ambitions after manganese deal
SOUTH African coal producer Exxaro Resources has scaled back ambitions to add copper to its portfolio after losing out on a producing mine in...
South Africa weighs 25% chrome export levy – report
SOUTH African authorities are mulling a 25% levy on raw chrome ore exports as part of efforts to rescue the beleaguered ferrochrome sector, which...
Guinea iron ore mine halts after fatal accident
A CHINESE-backed mining venture has halted operations at its Guinean iron ore site following a workplace incident that claimed three foreign workers' lives, Bloomberg...
SA ferrochrome industry is running out of time.
SOARING electricity costs are decimating South Africa's ferrochrome industry, forcing widespread furnace closures and threatening global stainless steel supply chains, said Bloomberg News in...
Rio Tinto under pressure to build refinery for Simandou
RIO Tinto could face major new capital commitments after Guinea's government demanded the mining group establish downstream processing for its Simandou iron ore, rather...
Iron ore extends rally amid Chinese optimism
IRON ore has sustained its upward trajectory for a sixth consecutive session, approaching its strongest finish in more than half a year as traders...
Glencore-Merafe may cut thousands of jobs at idled ferrochrome facilities
THOUSANDS of jobs will be affected in terms of a restructuring announced by the Glencore-Merafe Joint Venture, South Africa's largest ferrochrome producer.
Merafe Resources said...
Exxaro looks to higher dividend payments after manganese deal
EXXARO Resources held up well in the six months to end-June increasing headline earnings 13% and raising its interim dividend as management focussed on...