Global insight

Almonty Announces That It Has Signed a Binding Heads of Agreement to Sell the Wolfram Camp Mine

[Ferro-Alloys.com]Almonty Industries Inc. (“Almonty”) (TSXV: AII) Almonty announces that it has signed a binding heads of agreement to sell the Wolfram Camp Mine (“WCM”) in Queensland to ATC Alloys Limited (ASX: ATA) (“ATC”).

Tuesday, April 26, 2016

NSS: Copper and Molybdenum Production Levels Decrease in Armenia

[Ferro-Alloys.com]According to data provided by the National Statistics Service of Armenia, 62 thousand tons of copper concentrate has been produced in Armenia in January and February of 2016, exceeding the results of the previous year by 45.3%.

Tuesday, April 26, 2016

Fitch Affirms Molymet's IDRs at 'BBB'; Outlook Stable

[Ferro-Alloys.com]Fitch Ratings has affirmed Molibdenos y Metales S.A.'s (Molymet) foreign and local currency Issuer Default Ratings (IDRs) at 'BBB' and national scale ratings at 'A+(cl)', 'AAA(col)', and 'AA+(mex)', respectively. The Rating Outlook is Stable....

Tuesday, April 26, 2016

Vale's Iron Ore Production Slightly Increases in Q1

[www.ferro-alloys.com] The world's largest iron ore producer, Vale announced that the company’s iron ore production was 77.54 million tons in the 1st quarter of this year (excluding Samarco productions and third-party procurement), an increase of 0.2% year on...

Monday, April 25, 2016

United States Wire Rod Prices Rise Further

[www.ferro-alloys.com] United States domestic wire rod prices continued to upward trend, and the steel market demand has improved further. Meanwhile, wire rod mills have announced to increase prices at US$50/short ton or US$55/ton, effect on May 1. However, th...

Monday, April 25, 2016

NMDC Share Sale Coincides with Rising Iron Ore Prices

NMDC had been forced to cut iron ore prices in FY16 in line with falling iron ore prices, with iron ore lumps (more remunerative compared to fines) feeling the pain. Photo: Aniruddha Chowdhury

Monday, April 25, 2016

Staggering Shifts to Avoid Heat Affecting Coal Production

"Coal India subsidiary Mahanadi Coalfields, headquartered in Odisha, has been asked by the government to suspend production and loading during the day - between 11 am and 4 pm.

Monday, April 25, 2016

Tata Steel: Welsh Billionaire Could Plough Own Money into UK Buyout

Matthews said he is “feeling really good” about the prospects of a rescue deal for the steel business, which could save thousands of jobs in the UK.

Monday, April 25, 2016
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