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Global insight

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

Researchers Produce Low-Cost Super-Strong Titanium Alloy

[www.ferro-alloys.com]Given the urgent need for improved fuel economy in the transportation sector, there has been a renewed interest in titanium as a structural material. The fact that titanium is lightweight and corrosion resistant makes it an ideal choice f...

Monday, July 18, 2016

Site Visit: Vanadium miner Largo ‘a(chǎn)ll smiles’ in Brazil

[www.ferro-alloys.com]MARACAS, BRAZIL — About an hour-drive from Maracas — the city of flowers — is the first producing vanadium mine in Brazil’s northeastern state of Bahia. Toronto-based Largo Resources’ (TSX:LGO) Maracas Menchen is also one of world’s...

Friday, July 15, 2016

NIIST’s novel technology to check acidic pollutants in TiO2 production by PSUs

[www.ferro-alloys.com]THIRUVANANTHAPURAM: Cancer causing Acidic effluent flow from public sector undertakings (PSUs) in Kerala involved in the production of titanium dioxide (TiO2) pigment could be minimised if it opts for a novel technology. This innovative t...

Wednesday, July 13, 2016

UET to Deliver ReFlex? Vanadium Flow Battery for Utility Grid Modernization Project

[www.ferro-alloys.com]Solar-plus-energy storage project with EPB of Chattanooga and national laboratories will deploy and optimize long duration and unlimited cycle storage in the electric grid UniEnergy Technologies (UET), the leading flow battery provider...

Wednesday, July 13, 2016