Global insight

First Nickel Goes into Receivership

Legal firm KSV Kofman has been appointed as the receiver of First Nickel after the company’s principle secured lender Resource Capital Fund demanded repayment of all of the obligations owing to it, enforcing its security under the Bankruptcy and Insolvency Ac...

Friday, August 21, 2015

NUM Signs Three-year Wage Deal at Nkomati Following Three-day Strike

The National Union of Mineworkers announced on Thursday that it had signed a three-year wage deal at the Nkomati Nickel mine, which is owned by Patrice Motsepe’s African Rainbow Minerals and Norilsk of Russia.

Friday, August 21, 2015

Western Areas Reports a Profit Rise Despite Weak Market

Despite a challenging price environment, nickel miner Western Areas has reported a 37.5% increase in net profits after tax for the year ended June, as costs were reduced and volumes increased.

Thursday, August 20, 2015

Glencore Maintains Dividend on 29% Lower Earnings

Diversified marketing and mining major Glencore on Wednesday reported 29% lower first-half earnings of $4.6-billion on weaker commodity prices.

Thursday, August 20, 2015

Australian Nickel Refiner Seeks More Ore From New Caledonia

Australian nickel refiner Queensland Nickel has yet to fill its laterite ore quota from New Caledonian suppliers and was eager to increase volume as the South Pacific country faces preddure to lift a ban on exports to China.

Thursday, August 20, 2015

Glencore Stock Getting Hammered as China Slowdown, Commodities Rout Hit Profit

Shares in mining and commodity trader giant Glencore (LON:GLEN) fell more than 9% Wednesday morning, hitting a fresh record low, after it revealed it has swung to a steep, half-year loss and disappointed investors over debt-reduction efforts.

Thursday, August 20, 2015

David Herro From Harris Associates Builds up $1.6 Billion Glencore Stake on Rebound Bet

Glencore Plc investor Harris Associates LP, one of the biggest shareholders in the commodity trader and miner, is betting this year’s worst performer on the U.K.’s benchmark stock index will recover.

Thursday, August 20, 2015

S. Korea’s Ferrosilicon Import Dropped by 44.2% in Jan-Jul of 2015

According to the statistics of Korea Customs, Korea’s ferrosilicon(Si>55%) import volume was 23,673 mt in Jul 2015, up by 2.3% M-O-M and decreasing by 15.4% Y-O-Y. The total import volume in Jan-Jul of 2015 was 154,681 mt, decreasing down by 44.2% Y-O-Y. The ...

Wednesday, August 19, 2015
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