Weekly Stock of Chrome Ore in China's Main Ports (09-Sep-16)

The spot price of iron ore fines 62% to China is being offering at US$58.03/ton, dropping by US$0.9/ton or 1.53% from the previous price.

Yesterday, the main prices of electrolytic manganese flake 99.7% were about RMB10,600-10,800/mt. While today, it continues to rise, about RMB10,700-10,900/mt now.

[www.ferro-alloys.com] Economic Coordination Committee (ECC) has approved a grant of seven hundred and sixty million rupees for two-month salary of employees of Pakistan Steel Mills.

Diversified mining company Assore has survived the storm of last year’s iron-ore price crash, recording a 16% increase in earnings to R1.49 billion for the year ended June 30 2016. Compared to its 2015 financial results, when the company incurred impairments ...

ASSORE, a diversified and tightly held mining company, increased its dividend payment after posting record annual performances in a range of minerals it produces.

Base mineral and metals mining company Assore, which released financial results for the 12 months to June 30 on Wednesday, reported 11.7% lower headline earnings to R1.7-billion for the financial year.

Presently, because of tight manganese ore, and the prices of selenium dioxide keep rising, the cost of EMM production increases a lot, so manufacturers continue to raise EMM prices. Moreover, steel mills begin to purchase products, several steel mills’ purcha...