5 items across 9 digests
Anglo American and Glencore face renewed delays at Chile's Collahuasi copper mine as the government reopens review of a major desalination project. These permit setbacks could constrain copper supply from one of the world's largest copper operations.
Glencore Merafe Chrome Venture submitted a counterproposal to Eskom's 62c/kWh electricity tariff offer, calling the utility's current conditions "commercially unworkable." This pricing dispute highlights ongoing energy cost pressures on South African mining operations and could affect chrome production economics.
Nuvau Minerals completed acquisition of the Matagami property from mining giant Glencore and plans to update the preliminary economic assessment. This transaction represents consolidation in the rare earth sector as companies position for growing demand from clean energy and defense applications.
Glencore-Merafe Chrome Venture postponed planned layoffs at ferrochrome smelters until March 31 after Eskom offered a reduced electricity tariff of 62c/kWh. This highlights the critical role of energy costs in mining operations and potential supply chain stability for chromium.
Eskom extended an eleventh-hour 62c/kWh tariff offer to major ferrochrome producers Glencore-Merafe and Samancor. Negotiations on precise terms and conditions still need finalization before the electricity package can be implemented.
DailySand