Find solutions to changing market conditions, ferrochrome industry urged

The South African ferrochrome industry should find a way to respond to the changing market conditions, ferroalloy producer Ruukki South Africa CEO Alistair Ruiters said during a panel discussion at Metal Bulletin Events’ fifth South African...

New China/Africa mining-beneficiation fund launched

A new collaborative China/Africa private equity fund that embraces value-adding beneficiation in Africa, has been launched to boost mining on the continent. Ruukki South Africa CEO and former South African Department of Trade and Industry...

Ruukki announces management changes

Helsinki- and London-listed Ruukki group on Thursday announced that chief commercial officer Stefano Bonati would assume responsibility for the company’s speciality alloys business, following the resignation of COO Theuns de Bruyn, who was...

KEEN INVESTORS

The Helsinki- and London-listed Ruukki board came to Johannesburg last week with the message that the company intends devoting energy, investment and time to grow the business in South Africa. Ruukki board members pictured are Philip Baum, a...

Ruukki to triple ferrochrome smelting capacity

Ferroalloy producer Ruukki on Thursday reported that it was on the verge of completing an internal feasibility study into its expansion plans for the recently acquired Mogale production facilities. Speaking to journalists on a conference call,...

Kermas SA to reallocate shares in Samancor BEE deal following dispute

Following a dispute, ferrochrome producer Kermas South Africa has cancelled the 28% transfer of shares in its black economic-empowerment (BEE) deal, but plans to reallocate the same stake to meet its original broad-based objectives. Chairperson,...

The cash-flush platinum minnow with major margin

Cash-flush Sylvania Resources is a mining minnow with cash on hand that belies both its age and its size. The two-year-old, eleven-person Australia- and London-listed company already has a R300-million cash pile that is increasing at a rate of...

The cash-flush platinum minnow with major margin

Cash-flush Sylvania Resources is a mining minnow with cash on hand that belies both its age and its size. The two-year-old, eleven-person Australia- and London-listed company already has a R300-million cash pile that is increasing at a rate of...

Metmar sells 10% stake in empowerment deal

JSE-listed commodities trader Metmar finalised black-economic empowerment (BEE) transactions on Friday.

Commodity trader makes JSE debut

Minerals commodity trader Metmar, which listed on the JSE main board on Monday, is considering using the proceeds raised to take equity positions in a range of metals and mining businesses in a bid to secure the marketing and distribution rights.

SA firm buys 51% stake in Australian subsidiary

Australian-based Mineral Commodities has signed an agreement with Ehlobo Heavy Minerals (EHM) that will lead to EHM paying a purchase consideration of R10-million and committing to fund up to R35-million for a 50,5% interest in MRC's South...

Downstream challenge remains for SA metals, minerals sector

The low level of downstream development remains one of the main challenges facing South Africa’s metals and minerals sector.