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Global insight

Glencore Shares Soar as Company Spurts Cash, Reports “good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Friday, December 18, 2015

Zimasco Signs $12m Lease Agreement

At full throttle, Portnex International is expected to process 240 000 tonnes of raw chrome per annum which translates to 100 000 tonnes of ferrochrome over the same period. THE country’s biggest ferrochrome smelter and miner, Zimbabwe Mining and Smelting Com...

Friday, December 18, 2015

Kudumane has cut Mn ore output by 50% since May

Kudumane Manganese Resources has gradually reduced its manganese ore production and sales by 50% in recent months

Friday, December 18, 2015

US’s Nickel Scrap Exports Increase in October

According to the United States Department of commerce statistics, in October this year, US imported 2765 tons of nickel scrap,

Friday, December 18, 2015

INSG: Global Nickel Shortage Totals 400 tons in Oct

According to International Nickel Study Group (INSG), shortage in global nickel market was 400 tons in October compared to surplus of 8,500 tons in September.

Friday, December 18, 2015

Zimalloys Restarts Smelter

[Ferro-Allos.com]Prices of high-carbon ferrochrome producers were lowered to the tender price of Baosteel after the great decline in the price in December 2015. It becomes harder for the ferrochrome traders due to the great decline. Stainless steel mills will...

Thursday, December 17, 2015

OM : Bootu Creek Mn Project-Suspension of Mining Operation

OM Holdings Limited (OMH or the Company) advises that, as a direct result of the ongoing and material fall in the manganese price, it has temporarily suspended the mining operations of its Bootu Creek Manganese Project (Project). The suspension of the mining o...

Wednesday, December 16, 2015

Manganese Outlook 2016: Weak Steel Demand a Threat

The steelmaking metal has had a challenging year, largely due to the downturn in China. Metal Bulletin’s 37 Percent Manganese Ore index currently comes in at $1.48 per dry manganese tonne, and according to the publication, it’s down 52 percent since the star...

Wednesday, December 16, 2015