JSE-listed ferrochrome producer Merafe says its results for the first half of the year were impacted not only by Covid-19 but an already fragile operating environment.
A slowdown in global economic activity has contributed to not only reduced volumes…
Merafe swings to near R1bn interim loss Read More »
JSE-listed chrome miner Merafe Resources now expects to report a basic loss a share of between 37.6c and 39c for the six months ended June 30.
This compares to basic earnings a share of 6.6c apiece reported in the six months ended June 30, 2019.
Merafe expects to report up to 39c loss a share Read More »
LSE- and Nasdaq-listed specialty alloy producer Afarak Group has managed to narrow its loss to €16.1-million for the six months ended June 30, compared with an interim loss of €29.2-million reported for the first six months of 2019.
However, despite …
Afarak narrows interim loss but low demand, corporate noise still a challenge Read More »
Dual-listed Jubilee Metals Group has entered into a third-party run-of-mine (RoM) chrome ore offtake agreement that fully commits its Windsor chrome beneficiation plant for the
Jubilee processing capacity at Windsor fully committed, new processing facility acquired Read More »
A Hawks operation has seen police officers seize chrome stockpiles and an excavator totalling more than R2 million in Limpopo, a spokesperson said. The operation at the Modikwa Mine in Burgersfort on Friday was in response to the "ongoing scourge o…
Cops confiscate illegally mined chrome, excavator totalling more than R2m in bust Read More »
JSE-listed chrome miner Chrometco says that despite the impact of the low chrome price during the latter part of the financial year ended February 29, the company’s results had improved compared with the prior financial year’s performance.
In the yea…
Chrometco narrows full-year losses Read More »
AltX-listed Chrometco expects to report a headline loss a share of between 0.97c and 1.27c for the financial year ended February 29.
This represents a 16% to 36% improvement on the restated headline loss a share of 1.52c reported for the year ended Fe…
Chrometco expects to report narrowed losses for the 2020 financial year Read More »
Diversified miner Glencore has agreed to sell a 20.5% interest in Unicorn Chrome to a subsidiary of JSE-listed Merafe for R32.2-million.
The subsidiary, Merafe Ferrochrome and Mining, will gain access to Unicorn’s shareholding in a chrome concentrate…
Merafe subsidiary buys stake in Glencore’s Unicorn subsidiary Read More »
Aim- and AltX-listed metals processing company Jubilee Metals will relocate its fine chrome operation from the Dilokong chrome mine (DCM) to the group’s larger Inyoni or Windsor operations in South Africa. Jubilee on May 19 said the move would optimise…
Jubilee relocates chrome plant to maximise earnings Read More »
Research agency CRU says South African opencast chrome mines will be restarting at reduced capacity and that chrome ore supply will be tighter than the pre Covid-19 levels for some time.
It notes that physical distancing measures in response to Covid…
South Africa’s chrome output to be constrained for a while, says CRU Read More »
