Merafe Cash Skyrockets on Ferrochrome Venture’s Superb Showing
Ferrochrome company Merafe, which generates revenue and operating income primarily from its chrome venture with mining and marketing major Glencore, shot the proverbial lights out in 2015, when its cash generation went through the roof and every box was ticked... |
Duty Waiver Fails to Cheer Iron Ore Exporters
The cut in export duty on low grade iron ore lumps and fines (Fe content less than 58%) has not perked up exporters. Federation of Indian Mineral Industries (Fimi), a premier body of the mining industry, feels the duty cut announced in the Budget would at best... |
Labour Ministry to Abolish Four Levies
After finance minister Arun Jaitley's announcement during Budget speech that the government will abolish 13 cesses across ministries where collection is less than Rs 50 crore, the labour ministry has identified four of the six cesses levied to promote workers'... |
Chinese Ferrochrome Market Is Eroded as the Upstream Chrome Ore Supply Continuously Increased
[www.ferro-alloys.com] Brad sun, who is an editor of ferro-alloys.com, introduced the outlook of Chinese ferrochrome market in February Vietnamese meeting about international ferroalloys and steel market. The next is the main points of his speech: |
Jubilee on Track for Platinum Projects, Seeks Further Opportunities
Dual-listed Jubilee Platinum is on the hunt for further surface platinum opportunities following the success of its ASA Metals and Hernic tailings projects. The mine-to-metals specialist said in an update to shareholders on Monday that a study had been commiss... |
Samancor Chrome Issues Section 189 and Starts Union Consultation Process
Samancor Chrome, the South African chrome mining company and ferrochrome producer on Friday issued a Section 189 notice to all the recognised unions representing staff across all operations and corporate office. |
IMFA Q3 Posts Profit
Indian Metals and Ferro alloys Limited (IMFA) has announced Q3 FY16 results, stating a 13 per cent increase in revenue and seven per cent rise in production for the period ending December 31, 2015. |
Lack of Raw Materials Pushes VISA Steel into SDR Corner
VISA Steel announced last September that the Joint Lenders Forum had decided to invoke strategic debt restructuring (SDR) norms in accordance with the Reserve Bank of India circular dated June 8, 2015, after an earlier restructuring exercise failed to deliver ... |
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