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Global insight

Ore Starved Steel Units in Odisha Seek CM's Intervention

Steel makers in the state battling steep ore prices and exorbitant transportation cost have sought the intervention of chief minister Naveen Patnaik to overcome their woes.

Monday, August 31, 2015

Freeport-McMoRan Cuts Spending, Production and Jobs

Shares in Freeport-McMoRan (NYSE:FCX) soared Thursday morning after the copper and gold miner said it would capital spending plans for 2016 by 29%, and reduce its U.S.-based workforce by about 10%.

Friday, August 28, 2015

Botswana Project Receives Modular Building Solutions

Prefabricated building supplier Speedspace delivered 4,256 m2 of mobile preassembled building solutiongs to Botswana government-owned nickel and copper producer BCL last month.

Friday, August 28, 2015

Assore Earnings Nose-Dive amid Weak Iron, Steel Environment

“Substantially” lower iron-ore and manganese prices and challenging operating conditions have contributed to JSE-listed Assore posting lower headline earnings and profit for the 2015 financial year. Headline earnings were down 53.3% to R2-billion, compared w...

Thursday, August 27, 2015

Govt to Provide Modalities for Exporting Chrome

Government is working on a Statutory Instrument that will provide legal modalities for exporting chrome ore, Deputy Mines and Mining Development Minister Fred Moyo said.

Thursday, August 27, 2015

Assore Pays Final Dividend Despite Tough Year

ASSORE paid a final dividend of R3 per share despite a tough year in which profits were eroded by weak commodity prices, particularly in iron ore and manganese.

Thursday, August 27, 2015

Ukraine H1 Ferroalloy Exports down 6.5% Year on Year to 434,980 Tons

Ukraine, one of the world's biggest producers of ferroalloy, saw exports in the first half fall 6.5% year on year to 434,980 mt, the state statistics service said Wednesday.

Thursday, August 27, 2015

Obama Pushes Wind, Solar Programs At Las Vegas Summit

President Barack Obama wants to make it easier for Americans to install rooftop solar panels, adopt energy-saving technologies and reduce their reliance on coal-fired power. The president on Monday evening will announce a series of initiatives to make clean en...

Wednesday, August 26, 2015