ChromeSA says imposition of export tax would be high risk
Mining News Pro - The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem.
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Visit: 481
Merafe’s ferrochrome earnings rocket on strong demand
Mining News Pro - Ferrochrome company Merafe on Tuesday reported an after-tax profit of R576-million in the six months to June 30 compared with a loss of R961-million in the prior comparative period.
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Visit: 467
Ferrochrome is part of the green revolution
Mining News Pro - Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently.
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Visit: 638
Horizon chrome mine to be auctioned off
Mining News Pro - The Horizon chrome mine, near Rustenburg, which has been placed into business rescue, will be sold at an auction scheduled for April 22 by auctioneers Bidders Choice.
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Visit: 685
Eastplats nears million-tonne chrome concentrate output, advances PGM study
Mining News Pro - Eastern Platinum (Eastplats) produced 987 003 t of chrome concentrate in 2020 from its retreatment project at Barplats Mines, at the Crocodile River Mine property, in North West.
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Visit: 630
Glencore records higher zinc, silver output but lower ferrochrome and copper production
Mining News Pro - Global miner Glencore says its mining assets performed well in difficult circumstances during 2020, with year-on-year increases in zinc, gold and silver production.
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Visit: 1098
First-quarter European benchmark ferrochrome price settled at $1.17/lb
Mining News Pro - The European benchmark ferrochrome price for the first quarter of 2021 has been settled at $1.17/lb, JSE-listed Merafe reports.
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Visit: 732
Private chrome map launched to boost commodity insight
Mining News Pro - In its pursuit to map mining districts around South Africa, and in the absence of any publicly available form of mining and prospecting cadastre, mining supply sales consultancy AmaranthCX has mapped the chrome mines and projects of the Bushveld Complex.
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Visit: 639
New chrome mine owner plans to grow in ‘very sustainable manner’
Mining News Pro - The new owner of a chrome mine in North West province that was placed on care and maintenance following the Covid-19 lockdown, plans to grow production in a phased, sustainable manner that will ultimately lead to the creation of more than 1 000 jobs, Mining Weekly can today report.
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Visit: 664
Chrome export tax a positive step, special electricity dispensation now needed
Mining News Pro - The imposition of a tax on the export of chrome ore is a positive step, but to enable South Africa’s once-dominant ferrochrome industry to compete successfully once again, electricity prices should be made affordable by way of special dispensation, says mining stalwart Steve Phiri, who was speaking in his personal capacity and not representing the views of Minerals Council South Africa, of which he is vice president.
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Visit: 775
Glencore tests market for self-generation solutions at chrome, vanadium operations
Mining News Pro - Mining group Glencore has issued a pre-qualifying tender for companies interested in supplying ‘alternative green’ electricity and storage solutions to its chrome and vanadium operations in South Africa.
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Visit: 695
Up to 30% of chrome ore exports to China can be displaced if export tax proceeds
Mining News Pro - Further to a statement released earlier this week, chrome producer organisation ChromeSA has explained the evidential rationale behind its dismay at Cabinet’s proposed export tax on chrome ore.
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Visit: 1057
Council says lower power prices are among what ferrochrome industry needs
Mining News Pro - While the Minerals Council South Africa welcomes government’s steps to support domestic ferrochrome production and the chrome value chain, it has expressed disappointed at government not addressing competitiveness in its Cabinet statement delivered in the week of October 23.
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Visit: 813
Cabinet approves export tax on chrome ore
Mining News Pro - South Africa, the world`s biggest chrome producer, has approved measures to support the domestic ferrochrome industry including through an export tax on chrome ore, according to a Cabinet statement on Thursday.
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Visit: 944
Ferrochrome business remains solid, world still requires large amount of it
Mining News Pro - The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world.
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Visit: 929
SA’s ferrochrome retreat points to steady erosion of competitiveness
Mining News Pro - 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.
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Visit: 739
Third-quarter ferrochrome benchmark price rolls over at $1.14/lb
Mining News Pro - 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.
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Visit: 824
Lion ferrochrome smelter, Eastern Chrome mines restart
Mining News Pro - Operations at the Lion ferrochrome smelter and Eastern Chrome mines of the Glencore Merafe Chrome Venture have recommenced, but the Boshoek, Rustenburg, Wonderkop, Lydenburg smelters and Kroondal mine will remain on care and maintenance until the macroeconomic environment improves, Merafe Resources said on Friday.
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Visit: 971
Merafe reports lower ferrochrome output
Mining News Pro - Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe Chrome Venture decreased by about 3.6% year-on-year to 100 000 t for the quarter ended March 31.
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Visit: 765
Second-quarter ferrochrome price rises to higher level
Mining News Pro - The European benchmark ferrochrome price has been settled at $1.14/lb for the second quarter of 2020, Merafe Resources advised shareholders on Wednesday.
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Visit: 747
South Africa lockdown squeezes global chrome supply
Mining News Pro - Samancor Chrome, one of the world’s biggest ferrochrome producers, has declared force majeure because of South Africa’s 21-day coronavirus lockdown, removing further supply from global chrome markets.
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Visit: 694
South African Chrome Prices Down Due to falling South African Currency
Mining News Pro - Recently the continuous decline in both overseas and domestic offers of RSA concentrates has led 40-42% concentrate down to USD 122-125/CIF. However, the price expectation between sellers and buyers are existent whereas the former is set to accept USD 120 while the latter is looking at USD 115.
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Visit: 1574
India: Ferro Chrome Producers Lower Prices on Depreciation of Indian Currency
Mining News Pro - Indian Ferro Chrome prices have gone down in line with the depreciated Indian currency against USD
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Visit: 1379
Tsingshan group reduces January Purchase Price of Ferro Chrome
Mining News Pro - Tsingshan group in China announced its January tender price for HC Ferro Chrome which is down by RMB 200 (USD 29) from December levels. The prices for Ferro Chrome were earlier dropped by RMB 400 (USD 57)/50 basis tons in December.
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Visit: 968
Samancor to cut chrome ore, ferrochrome output
Mining News Pro - A continued deterioration in market conditions, depressed prices and higher electricity tariffs has prompted Samancor Chrome to reduce its chrome ore and ferrochrome production levels for 2020.
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Visit: 1019