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.

Friday, July 22, 2016

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...

Thursday, July 21, 2016

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...

Wednesday, July 20, 2016

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...

Wednesday, July 20, 2016

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.

Wednesday, July 20, 2016

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.

Wednesday, July 20, 2016

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.

Tuesday, July 19, 2016

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...

Wednesday, July 20, 2016
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