New low-cost producer thriving in turbulent mining climate

Integrated resources group Tharisa is confident about its outlook and being able to pay its maiden dividend after the financial year-end, with its Tharisa mine, in South Africa’s Bushveld Complex, reaching steady state production and generating cash flow.

Saturday, October 8, 2016

$100m manganese ferroalloy projects planned in Sohar in Oman

Gulf Mining Group, one of the largest mining and mineral processing corporations in the Sultanate, is weighing plans to set up the Sultanate’s first manganese ferroalloy smelter at Sohar — part of the corporation’s strategy to add value to Oman’s prolific ...

Saturday, October 8, 2016

Chrome producers fail to meet demand

Apple Bridge, a Special Purpose Vehicle created by Government last year to facilitate chrome ore trade is sitting on firm orders of between 12 000 and 15 000 tonnes of chrome every month but lack of capacity from producers is hampering its efforts to meet dema...

Wednesday, September 14, 2016

Bear acquisition adds FeV, FeMo to Yildirim portfolio

Chrome veteran Robert Yildirim bought Bear Metallurgical to expand into new ferro-alloys markets, the Turkish billionaire told Metal Bulletin as he hinted at future acquisitions.

Tuesday, September 13, 2016

Mining sector under growing siege

ZIMBABWE’S mining sector is under siege as key minerals — diamonds, chrome and coal—are performing below par despite government’s previous efforts to institute reforms to ramp up production.

Tuesday, September 13, 2016

Portnex operations shut down

SMELTING operations at Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) West Plant, which is being leased to Portnex International, were shut down on Thursday last week after Zimbabwe Electricity Supply Authority switched off the company for disregardi...

Monday, September 12, 2016

Zimasco: Inside the smoke and mirrors corporate raiding game

IN the wake of rejection, Portnex went back to the drawing board. What would follow was an excellent stratagem to engineer a take-over. This time, with the help of the legal system, writes Zimbabwe Independent’s business editor Chris Muronzi in this third ins...

Monday, September 12, 2016

Assore earnings down on global iron-ore, manganese oversupply

Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year.

Thursday, September 8, 2016
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