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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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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