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Global insight

IFM Business Rescue Plan Approved

The business rescue plan recommending the sale of London-listed International Ferro Metal’s (IFM’s) embattled South African subsidiary has been approved by creditors. The business rescue practitioner for the ferrochrome producer would now seek to negotiate a...

Wednesday, December 9, 2015

IFM SA Placed on Business Rescue

Deteriorating business conditions have pushed London-listed International Ferro Metals’ South African subsidiary (IFM SA) into business rescue proceedings.

Wednesday, December 9, 2015

SA Exports to China to Flourish

South Africa is China’s biggest trading partner in the African continent and its 20th in the world.Currently, main exports to China include iron ore, steel, manganese, chrome ore

Wednesday, December 9, 2015

Eramet Group Denied to Halt Its Nickel Production Units

The ERAMET group issues a firm denial of reports carried in various articles of this morning's press that it was halting its nickel production in New Caledonia. It is currently considering a project which will be submitted to the staff representative bodies at...

Wednesday, December 9, 2015

Hazelwood Resources Sells Tungsten Projects to Focus on Production

Hazelwood Resources has improved its financial footing and sharpened its focus on the ATC ferrotungsten operation in Vietnam by closing the sale of two Western Australian tungsten exploration properties to Tungsten Mining .

Wednesday, December 9, 2015

W Resources Delighted with Latest Assays from La Parrilla

Tungsten group W Resources (LON:WRES) says it's delighted with latest drill results from La Parrilla project in Spain, which beat expectations and will improve mine planning next year.

Wednesday, December 9, 2015

Mining production drops 4.6% y/y in October in South Africa

Mining production fell by 4.6% year-on-year in October, owing to a drop in coal, iron-ore and gold output, Statistics South Africa (Stats SA) revealed on Tuesday. Coal production was down 15%, iron-ore production fell 18.4% and gold production declined 7.5%.

Wednesday, December 9, 2015

Palmer’s Queensland Nickel Seeks Short Term Govt Guarantee

Embattled miner Queensland Nickel has requested an urgent meeting with Queensland Premier Annastacia Palaszczuk and treasurer Curtis Pitt over the future of its Townsville refinery. The cry for help comes a day after mining personality Clive Palmer’s Mineralo...

Wednesday, December 9, 2015