The MiningWrap BriefNo. 24
Nersa throws South Africa's ferrochrome smelters a 62c/kWh lifeline
The week in African mining — 28 May 2026.
1Manganese & ChromeNersa throws South Africa's ferrochrome smelters a 62c/kWh lifelineSouth Africa's energy regulator Nersa has approved a concessionary 62c/kWh electricity tariff for ten ferrochrome smelters run by Samancor and Glencore-Merafe, a 75% discount to Eskom's standard rate.
2MarketsRhodium crashes 10% in ten days as surplus fears take holdRhodium prices fell about 10% in ten trading days in late May 2026, dropping to around $9,000 an ounce as the market repriced from deficit to expected surplus.- 3Energy & InfrastructureNersa approves discounted Eskom power rate to save ferrochrome smeltersSouth Africa's energy regulator has approved a concessionary 62c/kWh Eskom tariff for Samancor Chrome and Glencore-Merafe's ferrochrome smelters, aimed at halting further plant shutdowns.
4M&AElcora agrees to buy a million-ounce gold resource in South Africa's Barberton beltElcora Advanced Materials signed a binding agreement on 27 May 2026 to acquire the Eldorado gold mine and tailings in South Africa's Barberton Greenstone Belt for $2m in cash plus shares, marking its entry into gold mine ownership.
5Manganese & ChromeGiyani's K.Hill study backs $535m battery-grade manganese mine in BotswanaGiyani Metals' definitive feasibility study for the K.Hill project puts initial capital at $535m and after-tax NPV at $481.5m, positioning Botswana to host its first manganese mine and a battery-materials supply chain.