Archive | Chromium/Platinum Group Metals

Zimbabwe bans chrome ore exports to boost ferrochrome industry – by MacDonald Dzirutwe (Nasdaq.com – August 3, 2021)

https://www.nasdaq.com/

HARARE, Aug 3 (Reuters) – Zimbabwe has banned the export of raw chrome with immediate effect in a bid to support the domestic ferrochrome industry, minister of information Monica Mutsvangwa said on Tuesday.

The southern African country holds the second-largest known chrome ore reserves after South Africa, which in October last year announced it was imposing a chrome ore export tax to boost local ferrochrome producers.

Mutsvangwa told reporters after a cabinet meeting that Zimbabwe had 22 operating chrome smelters, which could soon face insufficient feedstock if chrome mining capacity did not increase. Continue Reading →

ChromeSA fails to win ear of Competition Commission in controversial export tax row – by David McKay (MiningMX.com – June 21, 2021)

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SOUTH Africa’s chrome ore industry has failed in its attempt to win an exemption from the Competition Commission that would have enabled it to discuss alternatives to an export tax controversially proposed by Cabinet last year.

The export tax is intended to boost the country’s ferrochrome industry which uses chrome ore supply. However, ChromeSA says it will only have short-term benefits and could potentially backfire in the long run.

It argues that alternative chrome ore producers have an excess supply that could be brought to bear in the wake of uncompetitive South African material. The majority of South African chrome ore exports are to China which it uses for its own ferrochrome sector. Continue Reading →

South African ferrochrome furnaces need to regain competitive advantage, warns Roskill – by Simone Liedtke (MiningWeekly.com – June 15, 2021)

https://www.miningweekly.com/

The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces.

While higher-cost furnaces in southern China have been able to fill the short-term gap, the demand expectations will require South African plants to remain operational throughout this year.

Taking this into account, Roskill predicts that the benchmark price for the third and fourth quarters of this year will maintain a premium to the South African cost structure. Continue Reading →

Wyloo Metals would put proposed Sault ferrochrome plant under the microscope, if successful in bid for Noront Resources – by Ian Ross (Northern Ontario Business – June 7, 2021)

https://www.northernontariobusiness.com/

Australian mining investor focused on mining, processing nickel for Ontario’s electrical vehicle manufacturers

The prospective Australian buyer for Noront Resources won’t make any immediate shifts in strategy in the Far North mineral exploration camp should it acquire the Toronto junior mining company. But it will reassess the location of a proposed ferrochrome processing plant slated for Sault Ste. Marie as part of its own independent study.

The head of Wyloo Metals, the Perth-based mining company, is making it clear that the apple of its eye is the high-grade Eagle’s Nest nickel deposit – the lead project in Noront’s mine development pipeline – not so much its chromite prospects.

“The focus is on nickel,” said Luca Giacovazzi in an interview with Northern Ontario Business. The chromite potential in the Far North mineral belt, Giacovassi said, is viewed by Wyloo as more of a “longer term opportunity.”

Privately held Wyloo, a subsidiary of Tattarang, one of Australia’s largest private investment firms, is making a stab at acquiring all of the outstanding common shares of Noront, well beyond the 23 per cent share stake it currently holds as Noront’s largest shareholder.

The company announced its intention in late May to make a $133-million all-cash bid for Toronto-based Noront, the lead mine developer in the remote James Bay region.

For the rest of this article: https://www.northernontariobusiness.com/regional-news/far-north-ring-of-fire/wyloo-metals-would-put-proposed-sault-ferrochrome-plant-under-the-microscope-if-successful-in-bid-for-noront-resources-3850652

COMMENT: Could China’s ferro-chrome futures be a game-changer? – by Jon Stibbs and Siyi Liu (Metal Bulletin – March 23, 2021)

https://www.metalbulletin.com/

The Shanghai Futures Exchange’s plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China’s stainless steel mills in the ore and alloy markets, participants told Fastmarkets.

While no definite date or specifications of the ferro-chrome futures have been announced, Fastmarkets asked participants what changes these contracts might bring to their businesses and if they could be a game-changer in the traditional pricing mechanism for the chrome ore and ferro-chrome markets.

Indeed, many ferro-chrome producer sources in China hold positive expectations because these financial derivatives would provide hedging opportunities to better control their production costs, especially in purchasing seaborne chrome ore. Continue Reading →

A road to the Ring of Fire is ‘everything.’ Railway? Not so much – by Ian Ross (Northern Ontario Business – February 22, 2021)

https://www.northernontariobusiness.com/

Noront Resources exploration boss digs into the details of the 2021 exploration year

The mineral endowment in the Ring of Fire appears to be vast, deep, rich and long-lasting.

As compelling as the geological picture is of the world-class base and precious metal deposits in the Far North exploration camp, 500 kilometres northeast of Thunder Bay, all anyone wants to talk about is, what’s happening with the access roads?

It’s a topic of discussion too with Noront Resources, the leading mine developer in the James Bay lowlands. “The road is everything,” said Ryan Weston, the company’s vice-president of exploration, at a recent web gathering of the Sudbury Prospectors and Developers Association.

“Without the road there’s no Ring of Fire development, which means there’s no exploration.” Continue Reading →

KWG forging ahead with Ring of Fire railroad – by Jim Moodie (Sudbury Star – February 7, 2021)

https://www.thesudburystar.com/

Capreol native and veteran railroader Tony Marquis came out of retirement to take on a project he believes could “give a real kickstart to rail in Northern Ontario.”

Marquis is now in charge of constructing a rail route to the Ring of Fire, as newly appointed head of Canada Chrome Corporation, a subsidiary of KWG Resources.

“When KWG spawned this new company they staked claims from the Ring of Fire to an area just outside of Nakina, by the Aroland First Nation,” said Marquis. “The claims are on an esker that basically comes straight down, so that’s how the railroad would be built, right upon the esker.” Continue Reading →

Australian mining investor takes controlling position in Ring of Fire mine developer – by Ian Ross (Northern Ontario Business – December 8, 2020)

https://www.northernontariobusiness.com/

Western Australia’s intense interest in the exploration and mining potential of northwestern Ontario has now stretched north into the Ring of Fire.

Noront Resources, the leading mine developer in the James Bay region, landed a new “cornerstone” strategic partner in Wyloo Metals Pty., the mining division of Tattarang, one of Australia’s largest private investment groups.

They take over from Resources Capital Fund (RCF) as Noront’s biggest shareholder at nearly 38 per cent. Wyloo invests in operating mines and exploration projects in mostly nickel, copper, platinum group metals and potash in Western Australia. Continue Reading →

Environmentalists in Ontario’s Ring of Fire: Inconvenient Truths – by Stan Sudol (December 1, 2020)

A recent commentary linking Neskantga’s water crisis to the proposed Ring of Fire mining development in Northwestern Ontario’s Far North made little sense except to further delay environmental assessments (EAs) for vital road infrastructure and enormous economic opportunities for the region’s impoverished Indigenous people.

First and foremost, the fact that Neskantaga – with an on-reserve population of slightly less than 300 people – has not had potable water for an astonishing 25-years is a national disgrace.

Almost 150 years ago, Canada was small little country of around five million people and was able to build the longest railroad in the world, at that time, from Ontario to British Columbia, through some of the harshest geography on the planet in less than five years – 1880-1885.

And yet today, a G-7 country with a $2 TRILLION economy is unable to fix ALL the broken water systems in First Nations’ communities across the country in a similar time-period?

Not only does this reflect on the incompetence inside the federal government but it also damages the country’s international reputation and demonstrates Trudeau’s “reconciliation mantra” as nothing but pious hypocrisy. Continue Reading →

Chain reaction: virus darkens future of Albania’s chromium miners – by Briseida Mema and Emmy Varley (Agence-France Presse/Yahoo News – November 10, 2020)

https://au.news.yahoo.com/

With mountains of chromite piling sky high on the docks of the port behind him in the Albanian city of Durres, logistics manager Henri Kurti explains the hold up.

“When China and America have problems, we have even bigger problems in Bulqize,” he says, referring to the region to the east where the blue-grey metal is mined before being shipped around the world.

As the coronavirus pandemic rocks international commerce, knock-on effects are being felt in poor corners of the world like Albania, where chromium miners have nowhere to sell their goods due to a drop off in purchases from China. Continue Reading →

SA chrome industry at odds over Govt. tax ore exporters say only suits Glencore, Samancor – by Brendan Ryan (MiningMX.com – November 5, 2020)

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CHROMESA is at odds with both the South African government and the country’s major integrated producers of chrome ore and ferrochrome – Glencore and Samancor – over the proposed tax on chrome ore exports.

That became clear at a presentation by Chrome SA to financial media on Thursday during which Assore GM, Alistair McAdam, confirmed the integrated producers “believe such a tax will be beneficial to themselves and will not be detrimental to us as exporters”.

This is despite the fact that Glencore and Samancor are also exporters of chrome ore to China which is the prime target of the proposed tax which the South African exporters would have to pay themselves and then claw back in increased prices from their Chinese customers. Continue Reading →

Sudbury column: Time to reignite Ring of Fire – by Erin O’Toole (Sudbury Star – February 24, 2017)

https://www.thesudburystar.com/

Please note that this column was written in Feb/2017. However, it shows that Erin O’Toole, newly elected federal Conservative leader of the opposition has an indepth understanding of the Ring of Fire and its economic importance to Ontario and the entire country. – RepublicOfMining.com

The Ring of Fire has been heralded as not only a world-class deposit of chromite but also the only known deposit in the entire western hemisphere. Currently, all of North America’s stainless steel manufacturing is supplied by Asian and African sources. Canada has a unique opportunity to become a global leader in chromite mining and potentially revitalize manufacturing with proudly Canadian minerals.

According to a recent study by the Greater Sudbury Chamber of Commerce, the current projected value of the Ring of Fire is more than $60 billion with known deposits significant enough to sustain a century of mineral development. Yet, after more than a decade of mineral exploration activity and findings of rich resources, no infrastructure has been developed.

The Wynne government recognized this potential enough to request $1 billion in infrastructure funding from the Government of Canada in 2014. But in the three years since, they have never provided the necessary plan to secure the funding. The Wynne and Trudeau governments have since allowed the Ring of Fire to all but go up in smoke. Continue Reading →

Noront CEO expects no delays in Ring of Fire road construction and mine start – by Ian Ross – Northern Ontario Business – August 13, 2020)

https://www.northernontariobusiness.com/

Federal regional review of Far North mineral development will have no bearing on pace of progress, says Alan Coutts

Ottawa’s new region-wide approach to Far North development shouldn’t interfere with Noront Resources’ timetable to put the first mine in the Ring of Fire into production by the middle of 2025, said the company CEO.

Alan Coutts said he has no reason to believe that the federal Regional Assessment process will delay the start of operations at the Eagle’s Nest Mine based on his conversation with Natural Resources Minister Seamus O’Regan.

“In talking to Minister O’Regan, we’re being led to believe this could get done over a two-year period.” Continue Reading →

Ferrochrome business remains solid, world still requires large amount of it – Glasenberg – by Martin Creamer (Mining Weekly – August 11, 2020)

https://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world.

Unfortunately, most of the production occurs in ferrochrome plants in China, while South Africa continues exporting chrome ore and moving a large amount of it to China owing to South Africa not being competitive in respect of electricity prices.

Glencore CEO Ivan Glasenberg pointed this out in response to a question put to him by Mining Weekly during a media conference following last week’s presentation of half-year results in which the marketing division of the London- and Johannesburg-listed company outperformed with adjusted earnings before interest and tax of $2-billion, allowing the company to raise full-year guidance to the top end of its long-term range of $2.2-billion to $3.2-billion. Continue Reading →

We were first to smelt chromium. And then the fire happened (Soo Today – July 7, 2020)

https://www.sootoday.com/

From the archives of the Sault Ste. Marie Public Library:

Sault Ste. Marie’s Chromium Mining and Smelting Corporation plant was located on Queen Street West between Huron and Hudson, in the area of what is now the city’s transit facility.

The plant first began smelting chromium in in the 1930s, when it was the first instance of chromium smelting in the British Empire. From there, the plant quickly expanded to meet demand.

And then, in 1947, a fire roared through part of Sault Ste. Marie, originating from the plant. Continue Reading →