Global insight
Vale Iron Ore Output Falls in Second Quarter But Still Beats Estimates
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron-ore producer, saw a slight decline in second-quarter output, but still managed to beat beat analysts’ estimates, keeping a new annual production record in sight. |
Mick Davis to overhaul X2 Resources as fund fails to close any mining deal
Mick Davis’ X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, is set to go under major changes after failing to close a single deal since launched in 2013... |
Liaoning Steps in With Rescue Plan for Dongbei Special Steel
[www.ferro-alloys.com]The government of Northeast China's Liaoning Province has submitted a plan to the central government under which a troubled local steel mill would swap 70 percent of its debt into equity, with the banks that extended the loans being conve... |
Solar Imports Dramatically Increase in India
[www.ferro-alloys.com]Indian imports of solar PV cells and modules from outside manufacturers multiplied by more than three times from 2014-2015 to 2015-2016, as the solar industry in the country experiences a radical growth, there are even plans for the count... |
Weak Exchange Rate Cools Off Merafe
Listed ferrochrome producer Merafe Resources expected its basic and headline earnings a share for the six months to June to be between 48 percent and 60 percent lower than in the previous corresponding period, it said yesterday. |
Merafe Resources’ Share Price Drops on Earnings Warning
MERAFE Resources’ share price fell 8.42% to 87c on Tuesday morning after the ferrochrome producer warned shareholders its interim earnings were expected to halve. |
Botswana to keep unprofitable copper miner alive just to save jobs
Botswana's state-owned BCL, the country’s biggest copper and nickel miner, will continue to receive about $130 million (1.4 billion pula) a year, even if the company has to stop mining, the country’s vice president said. |
Tata Steel KZN finally sold
Durban - A bidding war between two companies to buy out the “hopelessly insolvent” Richard’s Bay-based Tata Steel KZN has been put to bed with a ruling by a Durban High Court judge sanctioning its sale to an international metals merchant with mining interes... |
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