Prices of steel products and raw materials on China’s futures markets tumbled on Friday, with iron-ore dropping nearly 5% as the fast-spreading coronavirus fuelled fears of a global recession, darkening the demand outlook for ferrous metals.
China, wh…
China ferrous metals’ sell-off intensifies amid pandemic, recession fears Read More »
A scoping study is under way into the self-generation of electricity for Assmang’s mines – but not its smelters, Assore CEO Charles Walters said on Friday, when the company reported interim results that were negatively affected by weaker chrome and man…
Solar power for mines under consideration – Assore Read More »
Market research company Frost & Sullivan (F&S) says growth opportunities in the global mining chemicals market look promising over the next six years, as demand for ferrous metals, industrial minerals and fuel ore extraction rises.
F&S fo…
Mining chemicals market to grow at 6.7% a year up to 2025 Read More »
A surge in iron-ore prices has seen Australia’s three largest producers re-invest in their Australian assets, assisting in maintaining the country’s number one ranking for iron-ore exports. Australia exported 835-million tonnes of iron-ore in 2018, gen…
Australian iron-ore exports to top 870Mt in two years as majors expand capacity Read More »
On the back of generally better trading conditions, JSE-listed Assore expects its headline earnings a share for the financial year ended June 30, to be between 20% and 28% higher year-on-year at between R59.33 and R63.31. Attributable earnings a share …
Assore lifts full-year earnings on the back of better trading conditions Read More »
LSE- and Nasdaq-listed specialist alloy producer Afarak on Wednesday warned that its financial performance for the second quarter had been adversely impacted on by the challenges at the Mogale smelter, in South Africa.
Irregular supply of electricity…
Afarak expects to report €8m second-quarter loss Read More »
The board of JSE-listed Merafe Resources has decided against declaring an interim dividend owing to prevailing market conditions; however, CEO Zanele Matlala on Monday noted that a final dividend would be considered based on the full-year results. “In …
Merafe cuts production as demand weakens, holds back on dividend Read More »
JSE-listed Merafe Resources produced a “subdued” set of financial results for the six months ended June 30, as a result of a challenging operational environment, characterised by weak demand and prices. Merafe’s revenue and operating income are primari…
Weak demand, prices contribute to 61% decrease in Merafe’s interim profit Read More »
JSE-listed Insimbi Industrial Holdings will see ISB acquire Treppo, which is involved in the sourcing, trading and buying of recycled metals – mainly ferrous metals or steel – in the greater Gauteng area. Through this transaction, Insimbi will expand i…
Insimbi to acquire metals trading firm Treppo Read More »
Metallurgical testing results of stockpile material from TSX-listed Giyani Metals’ K.Hill and Otse manganese deposits, in Botswana, indicate that a variety of lumpy and fine particle manganese products are possible, the company said on Friday. As an ex…
Studies reveal numerous product opportunities for Giyani’s Botswana projects Read More »
