Nickel miners will need to continue their focus on cutting costs if they are to emerge from the low price environment ready to drive a new wave of exploration and development once prices improve, the Association of Mining and Exploration Companies says.

With huge overburden of chrome ore creating environmental problems, the State Pollution Control Board (SPCB) has directed that a comprehensive overburden management action be prepared for Sukinda Valley.

Ferroalloys industry based in Andhra Pradesh has almost stopped exporting its products to South East Asia, Middle East and Europe.

THE government has forfeited about 600 mining claims of base metal minerals in the Midlands province in terms of the Mines and Minerals Act (Chapter 21:05).

GOVERNMENT, through Apple Bridge Investment - a special purpose vehicle established to facilitate chrome ore exports - has set prices at which it will buy the mineral from local producers.

The producers in India show a reluctance to reduce prices because the producers suffer from the money-losing production and the rupee becomes strong against US dollar, and there has been no price movement since the middle of September.

Glencore said on Tuesday it was strong enough to ride out current volatility in commodity market, helping to lift the mining group’s shares by a fifth.

Scotiabank’s Commodity Price Index has plunged by 10.5% month-over-month in August, to 91.3, which placed it 13.9% below the April 2009 bottom during the last recession and the lowest level since early 2005.