Glencore to restructure SA ferrochrome following “material losses” at Rustenburg smelter

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HIGH electricity tariffs, interruptions, and deteriorating conditions in the ferrochrome market have forced Glencore and its joint venture partner, Merafe Resources, to consider restructuring its Rustenburg smelter. As a result, the partners have commenced a Section 189 process in terms of the Labour Relations Act that may result in job losses. Glencore did not specify… Read More

Lucara Diamond forges deal with Louis Vuitton for 1,758 carat diamond Sewelô

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LUCARA Diamond Corporation’s 1,758 carat diamond Sewelô, recovered at its Karowe operation in Botswana, would be cut, polished and turned into a collection of Louis Vuitton jewellery, the Toronto-listed company announced. “We are delighted to be partnering with Louis Vuitton, the famous luxury House, to transform the historic, 1,758 carat Sewelô, Botswana’s largest diamond, into… Read More