Global insight

Clive Palmer's Queensland Nickel begins closing temporarily over lack of ore

Clive Palmer's Queensland Nickel has begun shutting down temporarily because of a lack of ore to process.

Wednesday, March 2, 2016

Metkore Alloys & Industries Ltd Announces Extension of Power Cost reimbursement to FerroAlloys Industries

The Government of Andhra Pradesh vide its GO dated February 25, 2016 extended power cost reimbursement @ Rs.1.50 per unit for Ferro

Wednesday, March 2, 2016

Vale Keeps Feeding Iron Ore Glut but Misses Estimate

Brazil’s Vale (NYSE:VALE) kept ramping up its production of iron ore in the October-to-December period despite a global glut that has severely hurt producers and squeezed smaller competitors.

Wednesday, March 2, 2016

Vale Posts Record Loss to Sell Core Assets

Brazil’s mining giant Vale (NYSE:VALE) reported Thursday its deepest quarterly net loss ever, becoming at the same time the first of the three largest iron ore producers to put some of its core assets up for sale.

Wednesday, March 2, 2016

Indonesia to Ease Mineral Export Ban From 2017

The government of Indonesia will relax next year its ban on partially processed minerals exports, including copper, nickel, zinc and bauxite ore order to prop up its economy.

Wednesday, March 2, 2016

Glencore Positive on Coal Turnaround

Diversified mining and marketing company Glencore, which plays a leading role in the global seaborne steam coal market, including being the major exporter of the mineral out of South Africa’s Richards Bay Coal Terminal (RBCT), spoke positively on Tuesday on t...

Wednesday, March 2, 2016

Kabwe Manganese Plant to Reopen Next Month

FERRO Alloys Corporation Limited, a manganese processing plant in Kabwe, is set to re-open next month after suspending operations last December on account of “astronomical” electricity tariffs and low commodity prices. The firm runs and operates a manganese

Wednesday, March 2, 2016

Hundreds of workers walk away from construction of Tesla's Gigafactory

The demonstrators say they want Tesla (TSLA) to keep its tax incentives in Nevada, where the electric-car maker's Gigafactory is being built, and not use out-of-state contractors.

Wednesday, March 2, 2016
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