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Anglo American to Slash Workforce by 85,000 amid Commodity Slump
Anglo American has suspended its dividend and announced plans to cut its workforce by 85,000 and dispose of more than half its mines in response to the plunging price of iron ore and other metals. |
China’s Steel Mills Need to Shrink
In the space of 30 years, China has become the world’s largest steelmaker by a long margin. Decades of rapid economic growth fed huge demand for infrastructure and housing, all of which required massive volumes of steel. As the Chinese economy slows, however,... |
Ambatovy Mine Continues to Perform
[Ferro-Alloys.com] The Ambatovy nickel and cobalt mine, in Madagascar, in which TSX-listed Sherritt International owns a 40 percent interest, produced 4006t of of nickel and 283t of cobalt in November. Production for the month was at about 81 percent of namepl... |
Iron Ore Demand to Fall further Next Year
Iron ore demand is expected to fall further in China next year as the country continues to scale down steel output, according to forecast by an industry organization on Monday. |
Yildirim Group Invokes Force Majeure Due to Fire at Tikhvin Plant
A fire occurred at Tikhvin Ferro Alloy Plant in Russia owned by a Turkey's major firm, Yildirim Group on November 26. The cause is still unclear, but this group anticipated the operation to be suspended for 6 months and announced it invoked force majeure. |
Solar Energy Widely Used In Indian Airports
The 20-year-old International airport in the South Indian city of Kochi has now become the world’s first solar-powered airport. With its new solar plant, the airport can now produce more than 50,000 units of electricity, making it self-sufficient in terms of ... |
More Steel Mills Knocked down Dec Purchase on FeSi in China
[Ferro-Alloys.com] In recent period, it seems that increasing number of Chinese steel mills released December purchase on ferrosilicon. |
Strong Potential for Silicon Industry in Oman
Oman has all of the key ingredients necessary to attract international investment in the manufacture of silicon -- a strategically important metal with extensive application in metallurgy, silicone-based products, and crucially, in the production of solar pane... |



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