Glencore Shares Soar as Company Spurts Cash, Reports “good” China Sales

The share price of Glencore soared more than 14% in Johannesburg after the diversified mining and marketing company told investors it would remain comfortably cash positive at materially lower commodity prices, had $14-billion liquidity headroom, beat its capi...

Friday, December 18, 2015

Zimalloys Restarts Smelter

[Ferro-Allos.com]Prices of high-carbon ferrochrome producers were lowered to the tender price of Baosteel after the great decline in the price in December 2015. It becomes harder for the ferrochrome traders due to the great decline. Stainless steel mills will...

Thursday, December 17, 2015

S. African Charge Chrome Price for Europe in Jan-Mar Down by US Cents 12

On December 9, Merafe Resources Limited, South Africa, a joint venture partner for Glencore -Merafe Chrome Venture announced on its home page that the benchmark price of South African charge chrome meant for Europe for shipments from January to March in 2016 w...

Wednesday, December 16, 2015

Glencore Aannounces Ferrochrome and Nickel Production Forecasts in 2016

Glencore has recently announced its 2016 production forecasts, with the ferrochrome production is about 1.6 million tons, for +/-25,000 tons and the nickel production is about 116,000 tons, for +/-4000 tons.

Tuesday, December 15, 2015

IFM SA Placed on Business Rescue

Deteriorating business conditions have pushed London-listed International Ferro Metals’ South African subsidiary (IFM SA) into business rescue proceedings.

Wednesday, December 9, 2015

IFM Business Rescue Plan Approved

The business rescue plan recommending the sale of London-listed International Ferro Metal’s (IFM’s) embattled South African subsidiary has been approved by creditors. The business rescue practitioner for the ferrochrome producer would now seek to negotiate a...

Wednesday, December 9, 2015

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.

Tuesday, December 8, 2015

Zimbabwe's Forlorn Minerals Export Dream

IT is said dreaming is a human right that was granted to every human being by God at the beginning of time. And fertile dreaming has kept many trudging through the journey of life. For without assuring himself/herself of a better tomorrow, many a man would ...

Monday, November 30, 2015
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