Mogale Alloys issues Section 189 amid poor chrome prices

Mogale Alloys has issued a Section 189 notice - a South African legal requirement representing an intention to retrench staff - amid low chrome ore and ferro-chrome prices.

Ilitha Mining, another subsidiary of Afarak, has also issued a Section 189 notice, the company said.
Helsinki and London-listed mining and metallurgical group Afarak said on Monday December 9 it has been forced to scale down operations further due to market conditions and the country's struggle to generate sufficient power.

It had already announced in June the idling of two ferro-chrome...

Gold stocks down as markets continue to new highs

TSXV Top 20 Gold market cap shifts away from exploration

Many new players enter TSXV gold Top 25 by market cap

Gold stocks mixed on moderate metal gain, flat equities

Gold stocks lead the large cap miners by far over H1/25