Upcoming mill tenders to support manganese market

[SMM Flash] Critical Metals Corp reported further metallurgical results for its Tanbreez rare-earth project in Greenland, with testwork achieving more than 99% dissolution of eudialyte concentrate. The company's proposed Romanian joint-venture refinery is being designed to process up to 100,000 tonnes/year of eudialyte concentrate and produce 19 high-purity rare-earth and critical-metal products, including tantalum pentachloride (TaCl₅), niobium pentachloride and other products. The development is relevant to tantalum because it introduces potential recovery of a processed tantalum chemical within a proposed Greenland-to-Europe critical-minerals supply chain. Critical Metals currently models potential annual refinery revenue of approximately US$1.8–2.2 billion, but these figures and the proposed product slate remain forward-looking company estimates rather than established commercial production. Further engineering, feasibility work and project execution will therefore be required before the proposed tantalum output can be considered future supply.

South Africa's state-owned freight logistics group Transnet reported a R4.6 billion profit for the financial year ended March 31, 2026, its first annual profit in four years, reversing a R1.9 billion loss in the prior year. Revenue rose 7.1% to R88.6 billion, driven by higher rail and pipeline volumes together with weighted average tariff increases. Rail volumes, handled by Transnet's largest operating division, increased 4.9% to 167.9 million mt from 160.1 million mt a year earlier, while pipeline volumes grew 6.9% to 14.3 billion litres. EBITDA rose 0.7% to R30.9 billion, with the EBITDA margin narrowing 2.2 percentage points to 34.8%, and net operating expenses increased 10.8% to R57.7 billion. A substantial portion of the profit stemmed from a once-off transaction rather than operations. Transnet disposed of a 49.999% interest in the Durban Gateway Terminal to International Container Terminal Services Inc. for R10.5 billion, effective January 1, 2026, generating a R12.5 billion profit on disposal including a related fair value adjustment. Group CEO Michelle Phillips said the company still has a long way to go in its recovery, noting that rail volumes remain below the previously announced 180 million mt target, which she described as a prerequisite for the underlying business to break even. Borrowings rose to R150.7 billion, and capital investment totalled R23.3 billion during the year, with a further R129.1 billion planned over the next five years. The results carry relevance for South Africa's chrome sector, which depends on Transnet's rail and port network to move record chrome ore export volumes, and where rail and port logistics constraints have been repeatedly cited by industry bodies as a structural drag on ferroalloys competitiveness, forcing greater reliance on costlier road transport. Transnet also reported progress on opening its rail network to third-party operators, having concluded Rail Access Agreements with 11 train operating companies, with the first services expected to commence during the 2026/27 financial year. Transnet's results did not disclose chrome ore or ferroalloys-specific volumes within the rail or port figures, leaving the extent of any improvement in chrome-specific logistics performance unquantified.

Global mining infrastructure products provider Jennmar has entered into a long-term partnership with stainless steel producer Outokumpu Corporation to supply ground control products for the Kemi mine in Finland, the country's largest underground mine and Europe's only operational chrome mine. Jennmar has established a dedicated Jennmar Finland entity to streamline commercial transactions for Outokumpu and the mine's management teams. Under the multi-year agreement, Jennmar will supply a full range of ground support equipment tailored to Kemi's underground conditions, including roof bolts, cable bolts, mesh, steel accessories and pumpable resins. The company said it will draw on its global supply chain and technical expertise to support safety, stability and production efficiency at the operation, and will work with Kemi's mine management and underground technical teams on a structured change-management process aimed at optimising mining operations. Jennmar Europe president Mike Petkovich described Kemi as one of the largest and most impressive mining operations in Europe. The Kemi mine has an ore processing capacity of 2.7 million t/y and supplies the chrome feeding Outokumpu's ferrochrome and stainless steel production at Tornio in northern Finland, making it a rare example of a fully integrated mine-to-stainless chromium value chain operating within Europe. Outokumpu operates production sites across Finland, Germany, Sweden, the Netherlands, the United States and Mexico. The agreement underscores continued investment in the operational reliability of Europe's only domestic chrome ore source at a time when the region's ferrochrome producers face sustained competition from lower-cost imported material.