Global insight

Tata Steel Consolidated Net Profit up 37% on Land Sale in Q2

Tata Steel reported a consolidated net profit of Rs 1,254.33 crore for the quarter ended September 30, up 37% from Rs 916.77 crore profit in the same quarter last year, helped by a one-time gain from land sale. Sales fell 2% to Rs 35,503.25 crore during the qu...

Thursday, November 13, 2014

Credit risk binds BHP to Nickel West

After shelving its sale of Nickel West, BHP Billiton will be forced to keep the troubled unit out of its $US15 billion spinoff of unwanted assets amid analyst predictions it would damage the new company's credit rating.

Thursday, November 13, 2014

BHP pulls Nickel West sale

BHP Billiton has given up trying to sell its struggling Nickel West business, declaring that an acceptable bid could not be found.

Thursday, November 13, 2014

Bauba Awarded Chrome Mining Permit, Acqusition Conditions Fulfilled

JSE-listed Bauba Platinum subsidiary Bauba A Hlabirwa Mining Investments has been awarded a mining permit for the mining of chrome ore and, accordingly, the last condition precedent for its acquisition of a 60% stake in the prospecting rights on the farms of M...

Wednesday, November 12, 2014

India Imports Chinese Steel in Large-scale

In the run to make India, the exporting powerhouse, the Modi government, within 5 months of rule, has outran all the records of import of steel as well as the import of iron ore .

Wednesday, November 12, 2014

Russian Ferrosilicon Producer ChEMK Challenges EU Sanctions in Court

Russian Ferrosilicon Producer ChEMK Challenges EU Sanctions in Court

Wednesday, November 12, 2014

Turkey¡¯s Ferroalloys Export Rebounded in September 2014

According to Turkey Customs statistics, the ferroalloy import volume in September 2014 was 40176 tons, up by 15% M-O-M and up by 43.9% Y-O-Y. The total import volume was 323,835 tons in Jan-Sep, slightly up by 7.8% Y-O-Y. The materials were mainly including si...

Tuesday, November 11, 2014

Afarak Lifts Q3 Revenue Despite Narrowed Output

Chrome producer Afarak has lifted revenue for the third quarter, ended September 30, by 32.1% to €40.6-million, largely on the back of a 131.9% increase in processed materials sold to 26 347 t.

Tuesday, November 11, 2014
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