Nasdaq- and London-listed specialist alloy producer Afarak Group has placed its South African subsidiaries into voluntary business rescue.
The companies have been in financial distress since South Africa implemented the Alert Level 5 Covid-19 lockdow…
Afarak South Africa, Mogale enter business rescue Read More »
The Dwarsrivier chrome mine, in Lydenburg, has suspended all production as a precautionary measure after an employee tested positive for Covid-19, a statement on May 6 confirmed. Operations at the mine will resume operations management has successfully…
Dwarsrivier chrome mine employee tests positive for Covid-19 Read More »
Production at the Dwarsrivier chrome mine was suspended this week after an employee tested positive for Covid-19, highlighting the challenge mining firms face as they start operations again as a lockdown eases. The worker was screened last week as part…
Dwarsrivier chrome mine shut after worker diagnosed with Covid-19 Read More »
JSE-listed 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. This compares with attributable production of about 104 000 t in …
Merafe reports lower ferrochrome output Read More »
JSE-listed ferrochrome producer Merafe Resources has warned that it might need to declare force majeure should it be unable to perform under contracted obligations, given that its operations have had to be placed on care and maintenance during South Af…
Merafe warns of potential force majeure declaration Read More »
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 Africa ordered all underground mines and furn…
South Africa lockdown squeezes global chrome supply Read More »
Diversified mining and exploration company Bauba Resources managed to narrow its basic loss a share to 0.01c apiece in the year ended December 31, 2019, compared with a basic loss a share of 2.55c apiece in the year ended December 31, 2018.
The compa…
Bauba turns a profit in 2019 Read More »
JSE-listed Merafe Resources says low global demand and lower prices for ferrochrome had dampened its financial performance in the year ended December 31.
The company reported a headline loss a share of 1.8c apiece, compared with headline earnings a s…
Merafe swings to loss on low demand, prices Read More »
JSE-listed ferrochrome producer Merafe Resources has revised its expected headline loss a share for the year ended December 31, downward to between 1.2c and 2.3c. This is an improvement on the headline loss a share of 2.3c to 2.9c it initially expected…
Merafe lowers expected headline loss Read More »
About 100 members of the National Union of Metalworkers (Numsa) from Lanxess chrome mine in Rustenburg braved the scorching sun on Wednesday, to march against exploitation in the mines. Dressed in red union T-shirts they chanted as they snaked through …
Numsa march against exploitation in Rustenburg mines Read More »
