Global insight

NRZ Volumes up 150 percent

THE National Railways of Zimbabwe’s volumes have increased 150 percent since the beginning of the year spurred by an increase in coal production at the country’s major mines.

Monday, August 17, 2015

Optimum Rescue Chance Reasonable if Eskom Deal Renegotiated – Glencore

The directors of Optimum are of the view that there is a reasonable prospect of rescuing Optimum Coal if the supply agreement with Eskom can be renegotiated, Glencore said on Thursday. Optimum Coal announced on August 4 that it had begun business rescue procee...

Friday, August 14, 2015

Vale Says Leak at Copper Cliff Smelter in Canada Contained

Brazilian miner Vale said on Thursday that a nitrogen dioxide leak at its Copper Cliff smelter in Sudbury, Ontario had been contained and that the leak did not result in any injuries.

Friday, August 14, 2015

Mincor Battles Falling Nikcel Prices and Higher Costs

Despite beating production targets, nickel miner Mincor Resources reported a total net loss after tax of A$34.26-million for the full year ended June, compared with a profit of A$1.85-million in the previous financial year.

Friday, August 14, 2015

Thawing Diplomatic Relations Rekindle Prospects of US Investment in Cuba’s Mining and Petroleum Sectors

Re-establishing diplomatic relations between Cuba and the US after 54 years has rekindled fresh hopes that Cuba’s mining and petroleum industries will benefit from potential US investment in these sectors.

Friday, August 14, 2015

Rio Tinto Predicts China Steel Production Reaches 1 Billion Tons by 2030

It is reported that Rio Tinto, Australia’s largest producer of iron ore, forecasted that the steel output in China would reach 1 billion tons by 2030 despite moderate growth in the past 18 months.

Friday, August 14, 2015

Vale Announces to Begin Nickel Mine Project in Canada Voisey's Bay in Next Year

Recently, the Government of Newfoundland and Labrador approved Vale’s nickel mine project located at Voisey's Bay in Canada, and the project will be officially launched next year.

Friday, August 14, 2015

France Primarily Steel and Ferroalloy Exports Reached 4.83 Billion Euros in H1

According to France Ministry of economic, financial and statistical data showed that France primarily steel and Ferroalloy exports reached 4.83 billion euros in H1 of the year, down slightly 0.21% year on year.

Thursday, August 13, 2015
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