Global insight

OM : Bootu Creek Mn Project-Suspension of Mining Operation

OM Holdings Limited (OMH or the Company) advises that, as a direct result of the ongoing and material fall in the manganese price, it has temporarily suspended the mining operations of its Bootu Creek Manganese Project (Project). The suspension of the mining o...

Wednesday, December 16, 2015

Manganese Outlook 2016: Weak Steel Demand a Threat

The steelmaking metal has had a challenging year, largely due to the downturn in China. Metal Bulletin’s 37 Percent Manganese Ore index currently comes in at $1.48 per dry manganese tonne, and according to the publication, it’s down 52 percent since the star...

Wednesday, December 16, 2015

S. African Charge Chrome Price for Europe in Jan-Mar Down by US Cents 12

On December 9, Merafe Resources Limited, South Africa, a joint venture partner for Glencore -Merafe Chrome Venture announced on its home page that the benchmark price of South African charge chrome meant for Europe for shipments from January to March in 2016 w...

Wednesday, December 16, 2015

Moody’s Warns of ‘Deep and Long’ Commodity Price Downswing

Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar and continued uncertainty surrounding metal demand in China, Moody’s Investor Service expects base metals prices to remain under pressure to the dow...

Tuesday, December 15, 2015

Glencore Shares Soar as Company Spurts Cash, Reports “Good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Tuesday, December 15, 2015

Independence Polishes up Nova Figures

The economics of the Nova nickel project, in Western Australia, have been further improved following an optimisation study. ASX-listed Independence Group reported on Monday that the project’s net present value had increased by 36% compared with the 2014 defin...

Tuesday, December 15, 2015

South African Stainless Sector Expected to Track Sideways in 2016

South Africa’s stainless steel consumption, which has recovered from the slump experienced during the 2009 recession, is expected to track sideways in 2016. Apparent consumption in 2015 rose 1.9% year-on-year to 190 000 t, which is below the post-crisis peak ...

Tuesday, December 15, 2015

INSG: Global Nickel Surplus Decreasd to 6800t in October

[Ferro-Alloys.com] In Dec. 15th, The International Nickel Study Group published Tuesday that global nickel surplus shed to 6800t. During the first ten months, global nickel surplus is 67100t, accounting for 4 percent of the annual demand. Nickel oversupply dir...

Tuesday, December 15, 2015
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