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Resources Watch  

     22nd February 2018 Gold Fields going all out to put South Deep gold mine into black And, South African foundry aims to expand footprint in North America 

China urges US to rein in 'trade remedy measures' for steel

By: Reuters     13th February 2018 China has expressed concerns over excessive protectionism in the steel sector by the United States, and urged it to show restraint in using trade remedy measures, an official with Chinese Ministry of Commerce (Mofcom) said on Tuesday. Wang Hejun, the head of Mofcom's Trade Remedy and... 

Copper inventories surge most in ten months, sending prices lower

By: Bloomberg     23rd January 2018 Copper slumped to a one-month low as a large delivery of metal into exchange warehouses in Asia refocused attention on demand during a seasonally weak period for industrial activity in China. 

China govt curbs drop avg daily steel output to 12-mth low in Dec

By: Reuters     18th January 2018 China's average daily steel output fell 1.9% in December from the previous month, official data showed on Thursday, touching the lowest level in a year as government-imposed production curbs deepened. Total output climbed to 67.05-million tonnes in December from 66.15-million tonnes in November,... 

Allied Steelrode supports the ‘sisters of steel’ in serving the Pretoria region

     11th January 2018 The steel business has always been perceived as a male preserve. However, in Rosslyn, north of Pretoria, there are two vibrant women who are challenging this traditionally-held perception on a daily business – literally, the ‘sisters of steel’. Gwen Mahuma and Monika Pretorius are respectively... 

World's No 1 miner sees bigger role for carbon-capture systems

By: Bloomberg     7th December 2017 BHP Billiton, the world’s biggest mining company, said wider use of systems that trap carbon emissions will be needed to meet international climate goals, even as investments in the technology stall. “We have knowledge of geology, markets and economics, so there’s probably something we can bring... 

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 

Coal India considers price hike to offset wage, salary increases

By: Ajoy K Das     29th November 2017 Coal India Limited (CIL) is mulling the option of increasing its coal prices across all grades to offset the impact of a hefty wage increase agreement signed with trade unions and the imminent hike in salaries of executives. Sources have pointed out that the salaries and wages bill provisions for... 

Steelmaking commodities, thermal coal prices to buoy Australian export earnings

By: Esmarie Swanepoel     6th October 2017 The Australian government is forecasting record resources and energy exports in 2017/18, but says exports will decline in 2018/19. The Industry, Innovation and Science department forecasts resources and energy exports of A$211-billion in the current financial year and exports of A$201-billion... 

Zinc darling Trevali poised for further organic, M&A growth as prices climb

By: Henry Lazenby     22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Iron-ore sinks as 'peak steel' call, supply angst rattle market

By: Bloomberg     20th September 2017 Iron-ore has been dragged back into the $60s after getting hit by a barrage of bad news, with persistent concern about rising global supply, fresh questions about the outlook for demand in China, and a warning from Australia’s central bank that the top buyer may be nearing peak steel. The... 

Industrial base growth will stimulate province’s steel industry

     18th August 2017 Growing the Eastern Cape industrial base will assist in stimulating growth in the struggling steel industry, says the Industrial Development Corporation (IDC). 

Solidarity warns of ‘major impact’ should AMSA proceed with job cuts

By: Terence Creamer     16th August 2017 Trade union Solidarity has confirmed receipt of a Section 189A retrenchment notice from steel producer ArcelorMittal South Africa (AMSA) and has indicated that it will enter negotiations with the company to ensure alternatives to retrenchments are considered. On Tuesday, AMSA announced that it... 

Australia forecasts lower resource earnings as commodity demand is seen slowing

By: Esmarie Swanepoel     7th July 2017 Iron-ore and metallurgical price increases, which gave Australia’s resource and energy export earnings a 25% lift in 2016/17, are unlikely to last, resulting in the Office of the Chief Economist forecasting lower export earnings for the next two years. Resource and energy export earnings are... 

Domestic steel demand forecast to grow despite industry challenges

     7th July 2017 While domestic demand for steel and steel products is expected to grow by 1.2%, forecasts South African trade union Solidarity deputy general secretary Marius Croucamp, he adds that the steel industry is facing serious challenges, both at a primary steel producing level and in the downstream... 

Steel Ministry seeks 12 coal washeries from Coal India

By: Ajoy K Das     30th June 2017 At the behest of India’s Steel Ministry, Coal India Limited (CIL) has agreed to set up 12 coking coal washeries to augment supplies to domestic steel mills. In view of the new National Steel Policy, which envisages ramping up India’s steel production to 300-million tons a year by 2030, the Steel... 

DTI to implement policy interventions to curb poultry industry losses

By: Megan van Wyngaardt     28th June 2017 Rather than make findings on the current state of the poultry industry and the ongoing challenges it faces owing to the dumping of imported chicken products, the Department of Trade and Industry (DTI), together with the government-led Poultry Task Team, which was established in January, would... 

Steel industry needs to pull together to fight import risks 

By: Anine Kilian     14th June 2017 In light of the recently implemented safeguard duty on hot-rolled steel, continued collaboration among stakeholders is necessary to protect the steel industry against the influx of steel imports, said consulting firm XA International Trade Advisors director Donald Mackay on Tuesday. Speaking at a... 

Protection and recovery in infrastructure spend to determine fate of revived Highveld mill

By: Terence Creamer     6th June 2017 The newly reopened heavy structural mill (HSM) at Highveld Steel, in Mpumalanga, is expected to ramp up to its 18 000 t/m nameplate capacity over the coming few months, having produced 4 100 t since its initial restart in April. However, both Highveld and ArcelorMittal South Africa (AMSA), which... 

Steel industry to discuss import challenges at June workshop

By: Anine Kilian     2nd June 2017 Consulting firm XA International Trade Advisors will, on June 14, host a workshop for domestic steel industry participants to meet and discuss possible solutions to the threat posed by rising steel imports. The workshop will look at the trend of increased global protection in the steel industry... 

Davies promises support for downstream firms as he confirms steel safeguard duty  

By: Terence Creamer     8th May 2017 Trade and Industry Minister Dr Rob Davies confirmed on Monday that he had signed off on a hot-rolled coil (HRC) safeguard duty, but refused to be drawn on the duty level proposed until the Word Trade Organisation (WTO) had been notified. Speaking in Johannesburg at the release of the ninth... 

BMI forecasts change in commodity demand up to 2050

By: Anine Kilian     7th April 2017 Structural macroeconomic and industry shifts will contribute to changing demand patterns for various commodities over the coming decades, says research firm BMI. “We believe demand for commodities such as coal, iron-ore, steel and fertilisers will slow over the years to 2050, while demand for... 

Global steel market to fall into deficit by 2020 – BMI

By: Anine Kilian     6th April 2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.  Despite the slowing in both global production and consumption growth, larger increases in absolute consumption, compared with production, will lead to a tightening of the market. 

India to announce iron-ore pricing mechanism next month

By: Ajoy K Das     28th March 2017 A committee appointed by the Indian government will submit its report of recommendations on a domestic pricing mechanism for iron-ore next month, raising the specter that the free pricing regime for natural resources might be coming to an end, or could face limitations. A Steel Ministry official... 

India’s Coal Ministry prods ICVL to speed up coal production, acquisitions

By: Ajoy K Das     20th February 2017 India’s Coal Ministry has directed International Coal Ventures Limited (ICVL) not to waste time in operationalising existing overseas coal blocks or delay the acquisition of new assets. It also warned ICVL that delays in achieving these objective were "unacceptable". 

DTI promises fast-tracked support for downstream steel industry

By: Terence Creamer     17th February 2017 The Department of Trade and Industry (DTI) insists that measures to support the downstream steel industry in South Africa are a priority for government and are being fast-tracked. In a statement outlining the various interventions undertaken since 2015 to support a primary steel sector wracked by... 

CIL seeks to buy into operational foreign coal mines

By: Ajoy K Das     16th February 2017 Coal India Limited (CIL) plans to enter into strategic equity investment and production sharing agreements with the owners of operational coal mines outside of India, rather than the outright acquisition of greenfield coal blocks, as it had previously attempted. CIL had appointed a merchant... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

AMSA wants customers to unite behind call for industry-wide protection 

By: Terence Creamer     9th February 2017 Steel producer ArcelorMittal South Africa (AMSA) has appealed to its downstream customers to join it in a united lobbying effort for higher levels of tariff protection on both primary and value-added steel products, which, it claims, are being displaced by cheap, subsidised imports that are... 

Construction steel designation confirmed after intensive lobbying effort

By: Terence Creamer     26th January 2017 The long-awaited stipulation that domestic steel, as well as locally made steel products and components, be used in public-sector construction projects has been welcomed by South Africa’s leading steel producer, as well as by the Southern African Institute of Steel Construction (SAISC). It is the... 

Record resource and energy export earnings forecast for Australia

By: Esmarie Swanepoel     9th January 2017 Australia expects its resource and energy export earnings to increase by 30% to a record A$204-billion in 2016/17 on the back of higher export volumes and earnings as the mining boom continues to transition from the construction phase to the production phase. In its latest ‘Resources and Energy... 

Global base metals, US coal and steel prices stabilising – Moody's

By: Henry Lazenby     14th December 2016 The 2017 outlooks for the global base metals, US steel and US coal industries remain stable for the next 12 to 18 months, according to Moody's Investors Service. In a report released Tuesday, the ratings agency said that weak macroeconomic indicators would limit upside movement in the base metals... 

Buoyant coal prices prompt Moody’s to revise outlook to ‘stable’

By: Henry Lazenby     16th November 2016 Ratings firm Moody’s Investors Service has revised the outlook for the North American coal industry to ‘stable’ from ‘negative’, despite persistent challenges facing the sector, as coal producers receive much needed price relief. Although the industry continues to face challenges, coal producers... 

Indian steel producers consider plan to import coking coal as consortium

By: Ajoy K Das     15th November 2016 entative moves are afoot to get Indian steel producers to combine their buying of imported coking coal to secure better bargaining muscle and to beat the trend of rising international prices of coking coal. With international coking coal prices surging around 300% over the past year and Indian... 

AMSA reiterates call for safeguards as Itac probe advances

By: Terence Creamer     8th November 2016 JSE-listed steel producer ArcelorMittal South Africa (AMSA) has reiterated its call for additional import protection through safeguard duties, despite a “slight fall” in imports during the third quarter. In a quarterly operational update, CEO Wim de Klerk argued that imports remained high,... 

IDC seeks strategic partner for struggling Scaw unit

By: Terence Creamer     30th August 2016 The Industrial Development Corporation (IDC) has initiated a process to find a strategic equity partner for its struggling steel subsidiary Scaw Metals, which reported a loss of over R1-billion for 2016. Speaking at the IDC’s financial results at the Coega Industrial Development Zone, in the... 

CIL seeks coking coal in S Africa as it exits Mozambique project

By: Ajoy K Das     30th August 2016 Coal India Limited’s (CIL’s) proposed collaboration with South African State-owned African Exploration Mining and Finance Corporation (AEMFC) is expected to focus on coking coal in the African nation, with India facing limited opportunity to ramp up domestic production of the dry fuel. The CIL... 

DTI's absence on steel price committee questioned

By: News24Wire      16th August 2016 Parliament is still waiting for a response from Trade and Industry Minister Dr Rob Davies on why no one from his department is being represented on the recently established steel price committee. At the end of June, Economic Development Minister Ebrahim Patel announced the members of the... 

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