Global insight
Liaoning Steps in With Rescue Plan for Dongbei Special Steel
[www.ferro-alloys.com]The government of Northeast China's Liaoning Province has submitted a plan to the central government under which a troubled local steel mill would swap 70 percent of its debt into equity, with the banks that extended the loans being conve... |
Solar Imports Dramatically Increase in India
[www.ferro-alloys.com]Indian imports of solar PV cells and modules from outside manufacturers multiplied by more than three times from 2014-2015 to 2015-2016, as the solar industry in the country experiences a radical growth, there are even plans for the count... |
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. |
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. |
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. |
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... |
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... |
Site Visit: Vanadium miner Largo ‘all 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... |
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