HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Glencore Xstrata Lion Ferrochrome Smelter is not operating
Yikes...the troubles continue in South Africa...
(High Carbon Ferrochrome is produced mainly in South Africa and China, with these two countries sharing 68% of global production. Almost in entirety, the chrome ore used in both these countries are of South African origin. The rest of the market is made up of production in Kazakhstan (11%), India (10%), Finland (5%) and the rest of the world (6%) comprising of Scandinavia, Middle East, Malaysia, and Zimbabwe.
When assessing the high carbon ferrochrome industry, China, South Africa, Kazakhstan and India should be the focus as this is the bulk of world supply.)
Glencore Xstrata Lion Ferrochrome Smelter is not operating.
https://steelburgernews.co.za/277080/production-stopped-at-lion-smelter/
Production stopped at Lion Smelter
Among their demands is procurement opportunities at the Smelter.
September 5, 2019
STEELPOORT – Productivity has been stalled at Glencore Xstrata Lion Ferrochrome Smelter since Monday. The smelter’s gates have been locked by the local business owners. They have assembled on all the gates of the plant.
Glencore Xstrata Lion Ferrochrome Smelter is not operating.
Employees haven’t reported for duty as the gates remain locked. SAPS are currently at the scene monitoring the situation.
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