ARM Trims Capex

DAGGERS have been drawn against Mines and Mining Development Minister Walter Chidhakwa for abetting the unending cash crunch by failing to put in place measures that will allow licensed chrome producers to resume chrome ore exports, undermining a potentially p...

Monday, September 7, 2015

Ore Starved Steel Units in Odisha Seek CM's Intervention

Steel makers in the state battling steep ore prices and exorbitant transportation cost have sought the intervention of chief minister Naveen Patnaik to overcome their woes.

Monday, August 31, 2015

Govt to Provide Modalities for Exporting Chrome

Government is working on a Statutory Instrument that will provide legal modalities for exporting chrome ore, Deputy Mines and Mining Development Minister Fred Moyo said.

Thursday, August 27, 2015

Assore Pays Final Dividend Despite Tough Year

ASSORE paid a final dividend of R3 per share despite a tough year in which profits were eroded by weak commodity prices, particularly in iron ore and manganese.

Thursday, August 27, 2015

Assore Earnings Nose-Dive amid Weak Iron, Steel Environment

“Substantially” lower iron-ore and manganese prices and challenging operating conditions have contributed to JSE-listed Assore posting lower headline earnings and profit for the 2015 financial year. Headline earnings were down 53.3% to R2-billion, compared w...

Thursday, August 27, 2015

Sylvania Mulls Sale of Grasvally Chrome Project

With its focus maintained on its dump retreatment operations, Aim-listed Sylvania Platinum is considering placing its Grasvally chrome exploration project up for sale during the 2016 financial year. The platinum group metals (PGMs) producer expected to complet...

Tuesday, August 25, 2015

Govt Engages ZimAlloys, Zimasco over Claims

THE ZIMBABWE MINERS Federation (ZMF) says Government is negotiating with ZimAlloys and Zimasco for the release of chrome claims along the Great Dyke in a move that is aimed at empowering tributaries following the lifting of the ban on raw chrome exports. ZMF c...

Monday, August 24, 2015

Govt to Buy Chrome

VICE-PRESIDENT Emmerson Mnangagwa says government will soon launch a special purchase vehicle (SPV) to enable it to buy chrome ore directly from miners and smelters at international market prices and sell it to Russia for maximum benefit to the country.

Tuesday, August 18, 2015
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