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Global insight

US's Profile Prices Continue to Upward Trend.

Gerdau long products producer in the United States announced its profiles list prices increase by US$$40/ton, mainly for April 16 after the delivery of resources, because of rising production costs, steel mills decided to reduce or cancel the discounts. Th...

Wednesday, April 13, 2016

CIL Abolishes Incentive on High Grade Coal to Push Sales

The incentive for power companies was 10 per cent for supply between 90 and 95 per cent of ACQ, on the supply of 95-100 per cent it was 20 per cent while for above 100 per cent it was 40 per cent.

Wednesday, April 13, 2016

Oxygen Key to Containing Coal Ash Contamination

[Ferro-Alloys.com]As energy companies decide what to do with aging coal ash disposal facilities in North Carolina and across the nation, they may be overlooking a fundamental but potentially critical variable—oxygen.

Wednesday, April 13, 2016

SBI takes control of 29% stake in troubled Rohit Ferro

State Bank of India (SBI) and its subsidiaries are taking control of troubled steel maker Rohit Ferro-Tech, with the banking group getting issued 29% stake in the equity.

Wednesday, April 13, 2016

Armco Metals Holdings, Inc. Receives Notice of Non-Compliance With NYSE MKT Continued Listing Requirements

Frank Smeenk the President and CEO of KWG Resources, one of three leading mining companies vying for opening up the mineral rich but inaccessible track in Northwestern Ontario known as the Ring of Fire, believes in finding solutions to seemingly intractable pr...

Wednesday, April 13, 2016

Armco Metals Holdings, Inc. Receives Notice of Non-Compliance With NYSE MKT Continued Listing RequirementsIFM creditors to vote on amended BRP, acquisition price lowered to R520m

Creditors of International Ferro Metals (IFM) will, on March 24, vote on an amended business rescue plan (BRP) for subsidiary IFM South Africa (IFMSA), with the BRP outlining a decrease in the purchase price payable by Samancor Chrome to an estimated R520-mill...

Wednesday, April 13, 2016

Rand offsets weaker prices for platinum, chrome producer Tharisa

Weaker dollar platinum group metals (PGMs) and chrome prices in the three months to end March were partially offset by local currency decline which lifted the rand prices, JSE-listed and Cyprus-domiciled Tharisa reported on Thursday.

Wednesday, April 13, 2016

Geochemical mapping of KZN leads to discovery of new target zones

Council for Geoscience (CGS) has carried out a semiregional geochemical survey of the Tugela Terrane, in KwaZulu-Natal, which has resulted in the delineation of several new target areas for follow-up studies and a few geological anomalies near to known mineral...

Wednesday, April 13, 2016