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Global insight

Eskom Unveils New Coal-Sourcing Strategy as it Pursues R2bn Optimum Claim

State-owned electricity utility Eskom has confirmed an overhaul to its coal-sourcing model, which could result in it withdrawing from its historical cost-plus arrangements with “tied collieries” in favour of arms-length commercial contracts with coal supplie...

Wednesday, August 12, 2015

Eskom still Looking to Close ‘gap’ between Actual and ‘Cost-Reflective’ Tariffs

State-owned electricity utility Eskom has again argued that South African consumers are not yet paying “cost-reflective tariffs” and has indicated that it will continue to pursue revenue “claw backs” through the National Energy Regulator of South Africa’s...

Wednesday, August 12, 2015

Brazil’s Ferroalloy Import Rose Up by 63.3% in H1 of 2015

In June, 2015, Brazil exported 23,326 tons of ferroalloy, slightly down by 1% M-O-M and decreasing down by 25.2% Y-O-Y. In H1 of 2015, Brazil totally exported 232,349 tons of ferroalloys, up by 15.2% Y-O-Y. The materials including ferronickel, ferrosilicon and...

Wednesday, August 12, 2015

South Africa Ferroalloys Export Slightly Down by 6.6% in H1 of 2015

In Jun 2015, South African ferroalloy export was 336,185 mt, dropping down by 24.4% M-O-M and dropping by 9.6% Y-O-Y. In H1 of 2015, the total export was 2,244,100 mt, down by 6.6% Y-O-Y. China, South Korea, Japan, USA and Taiwan China were the main importers ...

Wednesday, August 12, 2015

First Quantum to Cut about 1,480 Zambia Jobs on Power Shortages

First Quantum Minerals will cut about 1,480 construction jobs at copper and nickel mines in Zambia as part of cost-reduction plans needed after the nation’s electricity utility reduced supply.

Tuesday, August 11, 2015

NICKEL-IRON: First Point, Cliffs Rejig Decar Project Deal

First Point Minerals Corp. of Vancouver and Cliffs Natural Resources of Cleveland, OH, have amended their agreement covering the Decar nickel-iron project 80 km north of Fort St James. It is now a contractual joint venture with 60% belonging to Cliffs and 40% ...

Tuesday, August 11, 2015

Singapore Economy Grows by 1.8% in Q2

SINGAPORE'S Ministry of Trade and Industry (MTI) announced on Tuesday that the Singapore economy grew by 1.8 per cent on a year-on-year basis in the second quarter, slower than the 2.8 per cent growth in the previous quarter.

Tuesday, August 11, 2015

PV industry to experience limited price increases in August

Orders continued to stream into the photovoltaic (PV) market during the latter half of July 2015. Besides China's domestic demand being spurred by government policy, market demand remains strong across regions, including the US, Japan and India. Capacity utili...

Tuesday, August 11, 2015