Platinum group metals (PGMs) and chrome concentrates producer Tharisa on Tuesday reported “record results”, with its profit after tax more than doubling from $6-million in 2015, to $15.8-million for the year ended September 30.
Diversified mining company Glencore has delivered on last year’s commitment to cut debt and structurally increase the strength of its balance sheet – and it has done so in a way that has preserved the group’s long-term earnings capability.
Green shoots are emerging in the ferrochrome industry in India, as a revival in demand from China and higher prices have spurred producers to bring idled capacity back into production.
[Ferro-Alloys.com]Located in Qinghai, Tianyi Metallurgy Group started its two furnaces of 12500KVA on November 29, 2016 to produce high-carbon ferrochrome after 9 months of stoppage.
The Odisha State Pollution Control Board has slapped a closure direction on Visa Steel’s ferro alloys plant and the direct-reduced iron (DRI) unit at Kalinganagar in Jajpur district for failure to conform to air and water pollution norms.