AFARAK GROUP PLC - SALE OF SAW MILL EQUIPMENT POSITIVELY EFFECTS Q4 PROFIT FOR THE PERIOD

Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, OMX: AFAGR) refers to its announcement from 2nd January 2015 regarding the sale of saw mill equipment and announces that it has concluded further agreements for the sale of parts of the saw mill equipmen...

Friday, January 8, 2016

Chrome Resources In South Africa Due To Super Volcanoes

According to researchers, South Africa's wealth of valuable natural minerals including diamonds, gold, platinum and chrome is as a result of ancient super volcanoes.

Thursday, January 7, 2016

Major Fire Breaks out at TS Alloys Factory in Odisha

A major fire broke out in Anantpur village based TS Alloys factory situated in Athgarh, Cuttack district of Odisha late last night, a blast furnace of the steel factory was completely gutted in the accident.

Thursday, January 7, 2016

Zimasco Deal Worth $12m Saves 800 Mining Jobs

South African company Portnex International has signed a five-year deal with Zimasco, and thanks to that agreement three chrome smelting furnaces which were shut down early this year will be reopened.

Thursday, January 7, 2016

Tharisa Minerals' Chrome Ore Output Increased by 3.4% in 2015

[Ferro-Alloys.com]Tharisa, one of the largest chrome ore producers in South Africa, increased its chrome ore output by 3.4% year-over-year in 2015 to 1.122 million tonnes, compared to 1.085 million tonnes in 2014, making a third year exceeding 1 million tonnes...

Thursday, January 7, 2016

Eskom confirms sale of electricity to Zimbabwe

ESKOM has confirmed the sale of electricity to Zimbabwe but denied that the power supply agreement with its Zimbabwean counterpart, the Zimbabwe Electricity Supply Authority (Zesa), is secret.

Wednesday, January 6, 2016

IFM and Anglo American Dubsidiaries in Legal Dispute over Chrome Ore Supply

Ferro-chrome producer International Ferro Metals (IFM) subsidiaries have started legal proceedings against Anglo American Platinum subsidiary Rustenburg Platinum Mines (RPM), which has terminated a chrome ore supply agreement.

Wednesday, January 6, 2016

State Guarantees Market for Small-Scale Chrome Miners

Early this week, Zimasco lifted a trading ban on chrome ore producers on its claims paving way for the miners to sell the mineral to a buyer of their choice.

Monday, January 4, 2016
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