South Africa – Page 4 – M i N M E T

Ramaphosa’s Recovery Plan – the good, the bad, the indifferent

October 20, 2020October 20, 2020 admin 0 Comments Africa, Eskom, Ramaphosa, Recovery, South Africa

The best was left for last. If what is promised in the end really happens, we will have a real

Ferrochrome, chromite markets expected to rebalance this year

October 19, 2020October 19, 2020 admin 0 Comments Africa, chromite, Chromium, Ferrochrome, South Africa, World

Ferrochrome and chromium ore markets are expected to rebalance in 2020, after closures and cutbacks in production from major producers

Precious Metals

Most precious Rhodium has been a stellar performer

October 19, 2020October 19, 2020 admin 0 Comments Africa, catalytic converter, PGM metals, Rhodium, South Africa, World

Rhodium has been an investor’s dream over the last nine months. The silvery-white chemical element reached an all-time high of

SA’s mining capitalisation increases by 52% in 2020

October 18, 2020October 18, 2020 admin 0 Comments Africa, Mining, PwC, South Africa

In 2020, total mining industry market capitalisation increased to R1,280 billion from R840 billion. This total is a R439 billion

Jubilee delivers record production and financial performance

October 17, 2020October 16, 2020 admin 0 Comments Africa, Chrome mine, Copper, PGM metals, Platinum, South Africa, Zambia

Jubilee Metals Group in its operational update for the first three months of H2 2020 (Q3 2020), says that Q3

Insimbi’s best financial quarter in its 50-year history

October 16, 2020October 16, 2020 admin 0 Comments Africa, Alloy Metals Company, Insimbi, Refractories/Insulation, South Africa

Insimbi Industrial Holdings, in its summary of the unreviewed consolidated condensed financial results for the six months ended 31 August

De Beers’ diamond eighth sales cycle of 2020 at $467m

October 15, 2020October 15, 2020 admin 0 Comments Africa, Anglo American, Botswana, De Beers, Diamond, Namibia, South Africa

Anglo American has announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers’ eighth sales

Hulamin’s order books approach pre-Covid19 levels

October 15, 2020October 15, 2020 admin 0 Comments Africa, Aluminium, Aluminium rolled products, Hulamin, South Africa

Up to the end of September 2020, Hulamin recorded 497 positive Covid-19 tests. Hulamin management teams have subsequently returned to

Vedanta Zinc produces 36% less zinc in Q1FY2021

October 15, 2020October 15, 2020 admin 0 Comments Namibia, South Africa, Vedanta, Zinc

Vedanta Zinc International has reported that total production for the first quarter of FY2021 was 38,000 tonnes, lower by 36%

Harmony Gold reports fatalities at Tshepong mine

October 13, 2020October 13, 2020 admin 0 Comments Africa, Gold, Harmony Gold Mining Company, South Africa, Tshepong mine

Harmony Gold Mining Company has reported that two of its employees were fatally injured on Saturday morning, following a fall

Scaw Metals Group to upgrade wirerod line

October 12, 2020October 11, 2020 admin 0 Comments Africa, Danieli, Scaw Metals, South Africa, Wire rod line

The new order, to be carried out by Danieli Service, will improve overall performances Scaw Metals Group, one of the

Afrimat buoyed by strong iron ore prices

October 9, 2020October 9, 2020 admin 0 Comments Africa, Afrimat, Iron ore, South Africa

In a short trading statement regarding Afrimat’s financial results for the six months ended 31 August 2020, the Company stated

Precious Metals

Supply shortages drive palladium above $2300

October 9, 2020October 9, 2020 admin 0 Comments palladium, PGM metals, Platinum, South Africa, World

The price of palladium has soared on the global commodities markets. It has jumped by more than 25% in January,

SA mining companies performed well despite challenging year

October 8, 2020October 8, 2020 admin 0 Comments Africa, COVID-19 crisis, PwC, South Africa

Despite an extremely challenging year, South Africa’s mining companies performed on all fronts. Stakeholders benefited from the improved profitability with

Eskom CEO cleared of accusations of misleading the board

October 8, 2020October 8, 2020 admin 0 Comments Africa, Eskom, South Africa

Eskom has warned the public about the disinformation contained in some articles recently published in titles associated with the Independent

Jet Demolition to respond quickly to emergency projects

October 7, 2020October 7, 2020 admin 0 Comments Africa, Demolition, Jet Demolition, South Africa

Projects carried out under emergency conditions are generally more taxing than planned demolition works. “Our skilled personnel, combined with our

Afrimat applies for business rescue of Nkomati

October 6, 2020October 6, 2020 admin 0 Comments Africa, Afrimat, Coal, Nkomati Anthracite, South Africa

Afrimat has offered to acquire all the ordinary shares in Unicorn Capital Partners (UCP) not already held by Afrimat. UCP

Insimbi Industrial Holdings releases trading statement

October 5, 2020October 5, 2020 admin 0 Comments Africa, ferrous and non-ferrous alloys, foundry materials, Insimbi, refractory materials, South Africa

Due to the Covid-19 restrictions and lockdown measures implemented by the South African government, Insimbi Industrial Holdings’ operations have been

PPC’s high growth of cement volumes in June to September

October 5, 2020October 5, 2020 admin 0 Comments Africa, Cement, DRC, PPC, Rwanda, South Africa, Zimbabwe

PPC’s cement operations ramped up in May 2020 post the Covid-19 restrictions imposed at the end of March 2020 across

South Africa’s lockdown weighed heavily on manganese metal

October 5, 2020October 5, 2020 admin 0 Comments Africa, Manganese, South Africa, World

In 2019, manganese ore prices experienced a gradual softening over the first three quarters of the year, followed by an

Precious Metals

Bakubung Platinum commissioning set for October 2021

October 2, 2020October 2, 2020 admin 0 Comments Africa, Bakubung Platinum Mine, PGM metals, Platinum, South Africa, Wesizwe Platinum

Wesizwe Platinum’s Bakubung Platinum Mine (BPM) development has been delayed, with the hot commissioning date now set for October 2021.

Precious Metals

Harmony takes control of the Mponeng and Mine Waste Solutions

October 2, 2020October 1, 2020 admin 0 Comments Africa, Harmony, Harmony Gold Mining Company, Mine Waste Solutions, Mponeng, South Africa

Harmony Gold Mining Company announced on 1 October that the acquisition of Mponeng mine and Mine Waste Solutions from AngloGold

Precious Metals

AngloGold Ashanti closes South African Asset Sale

October 1, 2020October 1, 2020 admin 0 Comments Africa, Anglogold Ashanti, Gold, Harmony, South Africa

AngloGold Ashanti has announced that the sale of its remaining mines in South Africa to Harmony Gold Mining Company Limited

AMSA to restart blast furnace as steel demand recovers

September 30, 2020September 29, 2020 admin 0 Comments Africa, ArcelorMittal South Africa, Blast Furnace, South Africa

On the 16 July 2020, ArcelorMittal South Africa (AMSA) said that, having reassessed its strategic asset footprint for 2020, the

South32’s SA manganese production decreased by 14%

September 29, 2020September 29, 2020 admin 0 Comments Africa, Mamatwan, Manganese, Metalloys smelter, South Africa, South32, Wessels mine

South32’s South Africa Manganese saleable ore production decreased by 14 percent (or 309kwmt) to 1,878kwmt in FY20 as South32 responded

Merafe Resources announces ferrochrome price for Q4-2020

September 28, 2020September 28, 2020 admin 0 Comments Africa, Ferrochrome, Glencore, Glencore-Merafe Chrome Venture, Merafe, South Africa

In its ferrochrome price announcement for the fourth quarter of 2020, Merafe Resources has advised that the European benchmark ferrochrome

Sasol update on Secunda Synfuels Operations

September 27, 2020September 26, 2020 admin 0 Comments Africa, Sasol, Secunda Synfuels Operations, South Africa

Sasol’s Secunda Synfuels Operations has made progress on rehabilitating the Secunda black products area and is in the early stages

New nuclear power plant in SA unlikely this decade

September 26, 2020September 26, 2020 admin 0 Comments Africa, Koeberg, nuclear power station, South Africa

Africa’s only commercial nuclear power plant houses two 900 MW reactors, located at Koeberg, near Cape Town in South Africa.

Global economy to shrink by 4.5% this year

September 24, 2020September 24, 2020 admin 0 Comments China, European Union, Global economy, South Africa, USA, World

After crumpling in the first half of 2020, global economy is recovering following the easing of COVID-19 lockdowns and the

Buffalo Coal was granted mining right in KZN

September 24, 2020September 24, 2020 admin 0 Comments Africa, Buffalo Coal, Coal, South Africa, Zinoju Coal

Buffalo Coal, a South African based company with mining operations based in Dundee, KwaZulu-Natal, has announce that on 22 September