JSE-listed Merafe Resources expects to report a basic loss a share of between 52.9c and 58.3c for the year ended December 31.
The company also anticipates a headline loss a share of between 2.3c and 2.9c for the year, compared with headline earnings …
Lower chrome prices drag down Merafe’s headline earnings Read More »
JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, 2019, was 9% lower year-on-year at 371 000 t.
The company’s production for the fourth quarter ended December 31, …
Power curtailments, strikes lower Merafe’s full-year output Read More »
The Competition Commission has approved the proposed merger whereby Brother Industrial South Africa (Brothers SA) wants to acquire Lanxess CISA and the chrome chemicals business of Lanxess SA.
Brothers SA was established by the Brother Group to effec…
Brother Group gets go ahead to buy Lanxess CISA, chrome tanning salts business Read More »
South Africa’s Samancor Chrome has notified trade unions that it intends to hold talks over 2 438 potential job cuts at its Eastern Chrome and Western Chrome mines, according to a letter sent to unions and seen by Reuters. The letter cited weak chrome …
Samancor Chrome warns of over 2 000 potential job cuts – letter Read More »
South African miner Samancor Chrome said it could cut close 2 500 jobs in response to weak chrome prices and power supply problems, according to a letter to unions seen by Reuters on Wednesday. The warning follows a separate notification about 599 pote…
Samancor Chrome may cut nearly 2 500 jobs Read More »
South African chrome firms on Monday warned of more than 1 200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas. The potential layoffs highlight the risks posed to Africa’s most industrialised ec…
South African chrome firms warn of more than 1 200 job cuts Read More »
A subsidiary of South Africa’s largest ferrochrome producer – K2018239983 (NewCo) – has exercised its rights to sell all further chrome rights to the chrome contained in all of the historical tailings at Inyoni, to metals processing company Jubilee Met…
Jubilee acquires additional chrome rights at Inyoni Read More »
The National Union of Metalworkers of South Africa (Numsa) said on Tuesday in a statement that was disappointed that Samancor had not organised a meeting of the working group consisting of employees and labour representatives with Ndizani Trust members…
Numsa says it wants full disclosure of Ndizani Trust financial statements Read More »
JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore-Merafe Chrome Venture for the third quarter ended September 30 was 60 000 t, 29% lower than the 84 000 t produced in the third quarter of 2018.
The company on Monday a…
Merafe reports lower production in Q3 in line with cutbacks Read More »
The Association of Mineworkers and Construction Union (AMCU) on Wednesday called on more whistle-blowers to come forward and provide it with reliable information to further strengthen its legal case against miner Samancor Chrome. The union, together wi…
AMCU calls for more whistle-blowers to come forward in Samancor Chrome case Read More »
