CHROME Mining News

South Africa intends to suspend issuing mining rights

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.

South Africa weighs peacekeeping force around mines

As the annual wage bargaining season begins, authorities fear the situation will get worse.

Glencore Xstrata fires 1,000 workers at South African chrome mines

For staging an illegal strike that started last week.

Workers strike at Glencore Xstrata chrome mines in South Africa

Glencore Xstrata operations are down at three locations.

Xstrata fires 400 South African miners

Global diversified miner Xstrata Plc. (LON:XTA) confirmed Friday it has dismissed 400 of its workers who have been on an illegal strike at its South African mines.

Samancor to update workers on wage agreement

Following a meeting yesterday, Samancor Chrome said that it will issue an update to workers regarding their wage agreement.

MacDonald Mines acquires additional claims in the ring of fire & provides corporate update

The company reports on the acquisition of claims in the Ring of Fire area, changes of the board and the authorization of a new auditing group to fix remuneration.

Xstrata to develop south decline at Helena mine

Diversified miner Xstrata Alloys was progressing the ramp-up of its Helena chrome mine, in Mpumalanga, with the development of a south decline underground, the company said.

Chrome ore China tariff threat to South Africa's platinum producers

A vital revenue stream for platinum miners — chrome ore — may be choked off if ferrochrome producers are successful in lobbying for a protectionist export tariff of $100/ton in their desperate attempt to protect their own businesses from China’s burgeoning chrome refiners.

Merafe CEO calls for $100/t export tariff on South African chrome ore

South Africa is pricing itself out of the ferrochrome market despite it being the world's largest producer of chrome ore by selling it at low cost to China

A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%

The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will cripple the industry.

Albania inviting bids for 151 mining licences

Reuters reports that Albania is inviting bids for 151 mining licences this year, with 20 of them to be allocated through weekly competitions.

India to consider banning chrome ore exports to China

According to the CEO of Albanian Minerals, India and South Africa are mulling a ban on raw chrome exports to China in a bid to keep local ferrochrome producers competitive ... Read the full story at Mine Web

South Africa mine nationalization 'closest since end of apartheid'

Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa’s ruling party is closer to some form of nationalization than at any other time since the end of apartheid. A government takeover of mines could choke investments in a country with metal and mineral reserves estimated at 2.5 trillion and lead to a collapse of the currency, the rand. Firebrand Julius Malema (pictured), the leader of the youth wing of the ruling African National Congress which often acts as kingmaker in the country’s politics, is spearheading the campaign to seize mines, farms and banks. Malema is never far from headlines in the country with racially charged comments but now an anti-corruption police unit is probing a trust fund owned by him allegedly being used to funnel payments in exchange for securing government tenders.

Albania miners' underground hunger strike enters day three

Balkan Insight reports that thirty miners have fasted for the last three days in a gallery 1,400m below the surface and 260m below sea level inside the chromium mine in the town Bulqiza, Albania. The hunger strike is an escalation of a three-week shutdown, as roughly 700 miners press Albanian Chrome, the largest employer in the country, to meet their requests of a 20% wage hike. The Bulqiza chromium deposit has been continuously mined since 1948. The Balkan state has the lowest GDP per capita in Europe.

Jubilee abandons chrome acquisition, but still on the prowl

JSE- and Aim-listed Jubilee Platinum said on Friday it had abandoned plans to acquire a chrome company, as the security of the target’s mineral rights could not be guaranteed.

Chrome prices to increase as global steel production rises to 1.5 billion tons in 2012

Global steel production is set to rise to 1.5 billion tons in 2012 and due to increasing costs many ferrochrome and chrome ore producers will increase prices. The devaluation of the dollar, higher labour and fuel costs have led to a substantial increase in costs of ferrochrome and chrome ore production centred in South Africa, Kazakhstan, India, Zimbabwe, Turkey, Oman, Pakistan, Iran and Albania. There is no substitute for chrome in the steel-making process and some 90% of the chromite mined worldwide is converted to ferrochrome, used in the production of stainless steel.

KWG Resources announces metallurgical and drill results at Big Daddy

KWG Resources Inc. has received the final report from Xstrata Process Support on its Big Daddy chromite metallurgical testing. Also, the company released drill results from the drilling done last winter program. The report confirms […]

Conditions at Chinese mines in Zimbabwe 'inhuman and unsafe' – union

Zimbabwe's Newsday reports the National Mine Workers’ Union has complained about the working conditions at Chinese-owned chrome and gold mines dotted around the Midlands region, saying they were inhuman and unsafe. At a meeting to commemorate the death of 427 Hwange miners at the Kamandama underground mine in 1972, national organising secretary Cotten Ndlovu said miners at Chinese-run companies were being forced to work long hours without incentives and protective clothing and accused Chinese mining firms of flouting the country’s labour laws.