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Liaoning Steps in With Rescue Plan for Dongbei Special Steel

[www.ferro-alloys.com]The government of Northeast China's Liaoning Province has submitted a plan to the central government under which a troubled local steel mill would swap 70 percent of its debt into equity, with the banks that extended the loans being conve...

Wednesday, July 20, 2016

Solar Imports Dramatically Increase in India

[www.ferro-alloys.com]Indian imports of solar PV cells and modules from outside manufacturers multiplied by more than three times from 2014-2015 to 2015-2016, as the solar industry in the country experiences a radical growth, there are even plans for the count...

Wednesday, July 20, 2016

Merafe Resources’ Share Price Drops on Earnings Warning

MERAFE Resources’ share price fell 8.42% to 87c on Tuesday morning after the ferrochrome producer warned shareholders its interim earnings were expected to halve.

Wednesday, July 20, 2016

Weak Exchange Rate Cools Off Merafe

Listed ferrochrome producer Merafe Resources expected its basic and headline earnings a share for the six months to June to be between 48 percent and 60 percent lower than in the previous corresponding period, it said yesterday.

Wednesday, July 20, 2016

Chromium: Primary Producers Might Need to Prepare for a Scrap

World chromite consumption totalled 29Mt in 2015 with 92% consumed in metallurgical applications. Non-metallurgical applications for chromite can be separated into chemical applications (6% of consumption in 2015), foundry applications (2%) and refractories (...

Wednesday, July 20, 2016

China's FeCr Market Overview on July 20

[Ferro-Alloys.com]China's ferrochrome market remain stable after the decline of producers' quotation last week. Prices from the producers range from RMB5,900/T to RMB6,300/T Cr 50% basis,

Wednesday, July 20, 2016

China's Chrome Ore Market Overview on July 20

[Ferro-Alloys.com]Chrome ore market remained strong. South Africa concentrate 40-42% at RMB27-29/mtu, South Africa concentrate 42-44% at RMB31-32/mtu,

Wednesday, July 20, 2016

Botswana to keep unprofitable copper miner alive just to save jobs

Botswana's state-owned BCL, the country’s biggest copper and nickel miner, will continue to receive about $130 million (1.4 billion pula) a year, even if the company has to stop mining, the country’s vice president said.

Tuesday, July 19, 2016
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