Merafe’s new power tariff ‘not a silver bullet’, warns Glencore
MERAFE Resources’ new 62c/kWh electricity tariff will help its ferrochrome business compete with Chinese producers, but it will not put the smelting business in a strong…
The furnaces that could relight SA’s industrial ambition
MENAR Group, an unlisted coal producer, says it can double mineral exports from its South African mines and projects and create 800 jobs through new ferromanganese production.…
Chrome ore proves more profitable than ferrochrome for Merafe
MERAFE Resources is a far more profitable chrome ore miner than producer of ferrochrome based on its interim trading statement published on the JSE Stock Exchange News Service.…
Nersa tariff saves jobs at Glencore ferrochrome smelters
AFTER months of uncertainty, the threat of job losses has been lifted from employees at the ferrochrome smelters of Glencore Merafe Chrome Venture. This was after South Africa’s…
Eskom granted two more days to land high stakes power deal
MERAFE-Glencore Chrome Venture said on Tuesday it had extended a deadline for a new electricity deal with Eskom. This is the fifth time the venture has delayed retrenchments at…
Glencore gives Eskom days to save ferrochrome deal
GLENCORE has given Eskom less than a week to accept revised terms on a power discount deal that would keep its South African ferrochrome smelters running and protect thousands of…
Glencore ferrochrome unit threatens to quit power talks
GLENCORE’S South African ferrochrome subsidiary has warned it may abandon negotiations with the government over a discounted electricity package, saying the conditions attached…
SA mining baffled as Godongwana fails to address energy tariffs
SOUTH Africa’s Minerals Council said Government’s budget statement on Wednesday was a missed opportunity to address the energy crisis facing the mining sector. “The mining…
Five miners missing after South Africa diamond mine mudslide
FIVE miners remained missing on Wednesday, more than 24 hours after a mudslide at Ekapa Mining’s diamond mine in South Africa, said Reuters. The Minerals Council South Africa…
Glencore confident of ferrochrome tariff relief soon
GLENCORE CEO Gary Nagle said he was confident Eskom will grant the group a 54% electricity tariff reduction before the end of February, a development that would enable the group…
Offshore investment will guarantee future of SA ferroalloys
THE endgame for South Africa’s ferroalloys industry ought to be attracting foreign investment in downstream mineral processing that is supplied with competitively priced power,…
Despite improvements last year, SA mines remain deadly
DESPITE a marginal decline in the number of fatalities on South African mines, the poor safety performance of the industry continues to cast a shadow over the sector. The…
Glencore-Merafe starts retrenchments at ferrochrome smelters
RETRENCHMENTS will commence at the idled Wonderkop and Boeshoek smelters in South Africa, operated by the Glencore-Merafe Chrome Venture. Some employees at Glencore’s Alloys…
SA ferrochrome industry is running out of time.
SOARING electricity costs are decimating South Africa’s ferrochrome industry, forcing widespread furnace closures and threatening global stainless steel supply chains, said…
Glencore-Merafe may cut thousands of jobs at idled ferrochrome facilities
THOUSANDS of jobs will be affected in terms of a restructuring announced by the Glencore-Merafe Joint Venture, South Africa’s largest ferrochrome producer. Merafe Resources said…
SA’s stricken ferrochrome industry “fairly close” to power deal
MERAFE Resources is nearing an agreement with the South African government on electricity supply tariffs aimed at saving up to 2.3 million tons a year in ferrochrome output –…
Merafe may idle up to two-thirds of ferrochrome production
MERAFE Resources could mothball up to two-thirds of ferrochrome production in terms of a business review which is expected to be completed by May. Zanele Matlala, CEO of Merafe…
Merafe impairs smelter R575m as production hangs in balance
MERAFE Resources posted a 62% decline in full year earnings ended-December owing to a hefty decline in ferrochrome sales and a rise in costs. Its numbers were also impacted by…
Glencore says closure of ferroalloy furnaces can be avoided
GLENCORE executive Japie Fullard said his company and joint venture partner Merafe Resources would seek a deal with the South African government in an attempt to avert…
Glencore-Merafe Chrome JV strikes deal on R2.1bn solar plant
GLENCORE and its joint venture partner Merafe Resources have agreed a deal with Pele Green Energy to build a R2.1bn utility-scale renewable energy plant, said Bloomberg News.…