The Competition Commission has approved the proposed merger whereby Cheetah Chrome South Africa intends to acquire Dilokong Chrome Mine (DCM), with conditions. Cheetah is a special purpose vehicle incorporated for the purposes of the proposed transacti…
Commission approves Cheetah Chrome’s acquisition of DCM Read More »
JSE-listed Merafe Resources expects to report basic earnings per share (EPS) and headline earnings per share (HEPS) of between 5.9c and 7.2c for the six months ended June 30.
That would represent a 57% to 65% decrease compared with the EPS and HEPS of…
Merafe expects 57% lower HEPS on back of lower chrome production, prices Read More »
Workers affiliated to the National Union of Mineworkers (NUM) were due to stage a protest march in Polokwane on Monday and hand over a memorandum to the department of mineral resources and energy, among others, demanding the reopening of the Dilokong c…
Former workers demand reopening of Dilokong chrome mine – NUM Read More »
The squabble between Lanxess Chrome Mine and the National Union of Metalworkers of South Africa (Numsa) continued on Wednesday, with the company accusing the latter of disrupting its attempts to send food and medical supplies to striking workers underg…
Numsa strike at Lanxess chrome mine enters second week Read More »
The health of some of the hundreds of mine workers who are staging a sit-in underground at Lanxess mine outside Rustenburg was deteriorating, said a worker who spoke to a union representative using a two-way radio on Wednesday. The worker was speaking …
Lanxess Mine strike: Mineworkers’ health at risk, two more taken to hospital Read More »
The ongoing underground strike by members of the National Union of Metalworkers of South Africa (Numsa) at Lanxess Chrome Mine (LCM) in Rustenburg was illegal, the mine said on Monday. "The strike has been declared illegal by a Johannesburg court b…
Numsa underground strike at Lanxess in Rustenburg is ‘illegal’ Read More »
LSE- and Nasdaq-listed specialist alloy producer Afarak has decided to idle the two submerged arc furnaces at its Mogale Alloys processing facility, in Krugersdorp, South Africa.
“The business environment in South Africa, with the irregular availabili…
Afarak idles two Mogale furnaces amid electricity supply, price challenges Read More »
JSE-listed Mine Restoration Investment (MRI) said on Thursday that it had reached consensus on certain key terms with the owners of the chrome mine it wants to buy, but said thy were still in negotiations about the transaction. MRI, whose shares were v…
Mine Restoration Investment looks at chrome deal to return from JSE wilderness Read More »
JSE-listed Merafe Resources’ ferrochrome production from the Glencore Merafe joint venture decreased by 1% in the quarter ended March 31 to 104 000 t, compared with the 105 000 t produced in the quarter ended March 2018.
The company previously stated…
Merafe’s first-quarter chrome production down 1% y/y Read More »
After having revitalised the company, TSX-listed platinum miner Eastern Platinum (Eastplats) plans to continue creating shareholder value this year, CEO Diana Hu said in a statement on Wednesday. “Eastplats made tremendous strides during 2018 to start …
Eastplats generates first revenue since 2013 Read More »
