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Mining operations around Steelpoort include the Dwarsrivier chrome mine (30 km from Steelpoort, located in Mpumalanga) [3] owned by Assmang, Tweefontein chrome mine and Tubatse Ferrochrome, owned by Samancor, Two Rivers and Modikwa platinum mines managed by Patrice Motsepe’s African Rainbow Minerals, as well as Mototolo platinum mine and the ...
During February 2017, Northam announced a proposal to purchase the Eland platinum mine for R135 million from its owner Glencore. [2] The mine, said to have 21.3 million ounces of product, had been closed since 2015, due to price falls and difficulties in its operations. [ 2 ]
Glencore has been designated operator of the Mutanda Mine. [87] Glencore has responded a number of times to Global Witness regarding these allegations. [91] In March 2018, it was reported that Glencore would sell one third (13,800 tonnes) of its cobalt output to China's battery recycler GEM. 18,000 tonnes are to be sold in 2019, and 21,000 in 2020.
Glencore already owns 82% of PolyMet Mining and has long been the project's main financial backer. It offered Monday to pay around $71 million to raise that stake to 100%, which would take St ...
Commodities trading giant Glencore International has presented its final offer for mining giant Xstrata and it is substantially the same as the preliminary offer Glencore made on Friday, just ...
Xstrata (ISE: XTA.L) advanced 34 pence, or 3%, to 1,047 pence in early trade this morning after Glencore (ISE: GLEN.L) confirmed it had raised its offer for the miner to 3.05 shares.
Premier Diamond Mine, Cullinan, Gauteng, South Africa An aerial view of the Two Rivers mine in Steelpoort, Limpopo, owned by both African Rainbow Minerals and Impala Platinum holdings limited. Mining in South Africa was once the main driving force [1] behind the history and development of Africa's most advanced and richest economy. [2]
Literally minutes before shareholders of mining company Xstrata were set to vote on the offer from Glencore International, the vote was postponed and the commodities trading giant raised its offer ...