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Mining of Iron Ore and Chrome
BY Alex Conradie
South Africa
15 November 2019
R 14 400.00 (ZAR)  
estimated $ 997.05 (USD) *
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Mining of Iron Ore and Chrome


South Africa is the world’s sixth-largest iron ore producer and third largest iron ore exporter. It has 36% of the world’s chromite reserves, and is the is the world’s largest chrome producer and second-largest producer of ferrochrome. The iron ore mining sector employed 18,613 people in 2018, while the chrome ore mining sector had 18,935 employees in 2018. Rapidly rising input costs and policy and regulatory uncertainty are some of the challenges faced by the iron ore and chrome ore mining sectors. Expected growth in demand for chrome ore and ferrochrome, due to increasing stainless steel production, continues to present opportunities for the sector, as does growing demand for higher-grade iron ore from China.


Cost Pressures


Above-inflation electricity, water, and labour cost increases continue to affect the industry. Kumba, the major player in the iron ore sector, said its challenges include high stripping ratios, long hauling distances and high transport costs while Merafe Resources referred to global uncertainty and inflationary pressures locally. Electricity constraints and tariff increases continue to weigh heavily on the sector. The Minerals Council said substantial tariff increases will have a major effect on the mining industry’s cost structure, jeopardising the viability of marginal and loss-making mines and accelerating job losses. The introduction of carbon tax could cost the mining industry between R900m and R1.8bn per year during the first phase.


Report Coverage


This report on the mining of iron ore and chrome includes comprehensive information on the size and state of the industry, its major players, and their activities and corporate actions in South Africa, on the continent and globally. There are profiles of 21 companies including Kumba Iron Ore, which dominates the iron ore sector, and other players such as Assmang and Palabora Copper. Chrome producers profiled include integrated ferrochrome producers Glencore (Glencore-Merafe), Samancor and Afarak.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Industry Value Chain 1
2.2. Geographic Position 4
3. SIZE OF THE INDUSTRY 6
4. STATE OF THE INDUSTRY 8
4.1. Local 8
4.1.1. Trade 13
4.1.2. Corporate Actions 15
4.1.3. Regulations 17
4.1.4. Enterprise Development and Social Economic Development 21
4.2. Continental 22
4.3. International 23
5. INFLUENCING FACTORS 30
5.1. Economic Environment 30
5.2. Labour 31
5.3. Mine Safety 33
5.4. Environmental Concerns 34
6. COMPETITION 35
6.1. Barriers to Entry 37
7. SWOT ANALYSIS 38
8. OUTLOOK 39
9. INDUSTRY ASSOCIATIONS 39
10. REFERENCES 39
10.1. Publications 39
10.2. Websites 40
APPENDIX 1 - SUMMARY OF NOTABLE PLAYERS 42
Mining of Chrome and Production of Ferrochrome 42
Mining of Iron Ore 45
COMPANY PROFILES - MINING OF CHROME AND PRODUCTION OF FERROCHROME 47
AFARAK GROUP OYJ 47
ANGLO AMERICAN PLATINUM LTD 51
ASSORE LTD 55
BAUBA RESOURCES LTD 59
EASTERN PLATINUM LTD 63
GLENCORE OPERATIONS SOUTH AFRICA (PTY) LTD 66
IMPALA PLATINUM HOLDINGS LTD 70
JUBILEE METALS GROUP PLC 75
LANXESS CHROME MINING (PTY) LTD 79
NORTHAM PLATINUM LTD 81
SAMANCOR CHROME LTD 86
SIBANYE GOLD LTD 89
THARISA PLC 95
THUTSE MINING (PTY) LTD 99
COMPANY PROFILES - MINING OF IRON ORE 101
AFRIMAT LTD 101
ASSMANG (PTY) LTD 107
ASSORE LTD 111
KUMBA IRON ORE LTD 115
MANNGWE MINING (PTY) LTD 119
PALABORA COPPER (PTY) LTD 121
SEDIBENG IRON ORE (PTY) LTD 124
STRATA AFRICA RESOURCES (PTY) LTD 126
Historical Reports
  • Mining of Iron Ore and Chrome 2019-11-15
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
  • Mining in West Africa 2019-01-21
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  • Mining in West Africa 2019-01-21
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  • Mining in West Africa 2019-01-21
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining in East Africa 2018-12-19
  • Mining of Chrome and Production of Ferrochrome 2016-10-18
  • Mining in West Africa 2016-05-23
  • Mining in West Africa 2016-05-23
  • Mining in West Africa 2016-05-23
  • Mining in West Africa 2016-05-23
  • Mining in West Africa 2016-05-23
  • Mining in West Africa 2016-05-23
  • Mining in West Africa 2016-05-23
  • Mining of Iron Ore 2015-11-20
  • Mining of Chrome 2015-07-29