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ArcelorMittal studies lower grade iron-ore project in Liberia

By: Mariaan Webb     11th May 2018 With mining having started at the new Gangra direct shipping ore (DSO) deposit in Liberia, global steel and mining major ArcelorMittal is taking another look at the lower grade resources at its Tokadeh mine. The company has started a feasibility study to assess the optimal concentration solution... 

Russia sanctions throw aluminium supply chain into chaos

By: Bloomberg     18th April 2018 The US sanctions on United Co. Rusal that have sent aluminium prices surging should be great news for rival producers like Rio Tinto Group. Spoiler alert: they’re not. 

Deripaska's Rusal and aluminium market roiled by US sanctions

By: Bloomberg     9th April 2018 Russian aluminum maker United Co. Rusal’s stock plunged about 40%, while prices of the metal surged, after US sanctions on the company and its billionaire owner Oleg Deripaska prompted the producer to warn of potential debt defaults and “materially adverse” consequences. The stock fell to... 

Ferrexpo Q1 output dips, says refurbishment planned for Q2

By: Creamer Media Reporter      5th April 2018 Swiss-headquartered Ferrexpo has reported lower first-quarter iron-ore pellet production, with output falling by 1.5% year-on-year to 2.59-million tonnes. The first-quarter output compares with 2.62-million tonnes in the same quarter of 2017 and with 2.79-million tonnes in the preceding quarter. 

Cliffs to break ground on first hot-briquetted iron plant Thursday

By: Henry Lazenby     3rd April 2018 US iron-ore company Cleveland-Cliffs of Ohio expects to break ground on its first hot-briquetted iron (HBI) plant in Toledo on Thursday. The $700-million plant signals a strategic step change for the company, whose HBI product is expected to supply the growing electric arc furnace (EAF) steel... 

Ferrexpo hikes dividend, sees better demand this year

By: Reuters     22nd March 2018 Iron-ore pellet producer Ferrexpo announced a record dividend on Wednesday as earnings jumped on stronger demand from the steel industry. The London-listed firm, the third largest exporter of pellets, said 2017 underlying earnings before interest, tax, depreciation and amortisation (EBITDA)... 

Steel tariffs may trip up another industry Trump loves: Coal

By: Bloomberg     6th March 2018 President Donald Trump’s proposed steel tariffs may have a downside for US coal miners. While tariffs could increase domestic demand for metallurgical coal – which is used in the steelmaking process – most of the market for that fuel is abroad. About 75% of the coking coal US miners produced in... 

Exxon to quit Russian oil ventures frozen by US sanctions

By: Bloomberg     1st March 2018 Exxon Mobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralysed a historic drilling project. Exxon’s decision to quit its biggest exploration region was made late last year as the US expanded sanctions, the... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 People are concerned about noise, emissions and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, general director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 “People are concerned about noise, emissions, and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, General Director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

EU steel sector sees demand growth in 2018, import threat

By: Reuters     6th February 2018 European steel demand is set to rise in 2018 with continued strength in most steel-using sectors, European steel association Eurofer said on Tuesday, while warning of a threat of rising imports. Apparent steel consumption, which excludes the impact of inventory changes, is set to rise by 1.9% in... 

Kefi welcomes senior managers to executive committee

By: Megan van Wyngaardt     1st February 2018 Aim-listed gold and copper exploration and development company Kefi Minerals has expanded its senior management team as part of preparations for its development and operations. This includes the appointment of David Munro as head of operations, Eddy Solbrandt as head of systems and Brian Hosking... 

Global crude steel output up 5.3% y/y in 2017

By: Schalk Burger     25th January 2018 Global crude steel production increased by 5.3% year-on-year to 1.69-billion tonnes in 2017. Output increased in all regions except for the Commonwealth of Independent States, where production remained flat at about 102.1-million tonnes, the World Steel Association reported this week. 

Denmark will increase defence spending to counter Russia - PM

By: Reuters     17th January 2018 The Danish government expects to win backing for a substantial increase in defence spending next month, to counter Russia’s intensified military activity in eastern and northern Europe, the NATO-member’s prime minister said Monday. Denmark last week deployed 200 troops to a UK-led NATO mission in... 

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

Rosneft says EU sanctions aim to favour rivals

By: Reuters     13th December 2017 Russian energy group Rosneft told the Luxembourg-based European General Court on Wednesday that European Union sanctions on Russia aimed to undermine its position on global energy markets and favoured its competitors. State-controlled Rosneft is challenging the EU sanctions, imposed in 2014 and... 

Seifsa concerned about US investigation into carbon, alloy steel iron rod imports

By: Anine Kilian     30th October 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says it is extremely concerned that the challenges facing the local steel industry will only worsen if the US Department of Commerce and the US International Trade Commissions’ (ITC’s) parallel investigations to determine... 

International recognition for SA stainless steel innovation

27th October 2017 The Southern Africa Stainless Steel Development Association (Sassda) was awarded the Bronze Award by the International Stainless Steel Forum (ISSF) in the category of Best New Applications Featuring New Technology, for the development of municipal water storage tanks that were made from 3 chrome... 

BMI names Europe’s mining ‘outperformers’ and ‘laggards’

By: Mariaan Webb     28th September 2017 A favourable regulatory environment has placed Kazakhstan, Poland and Sweden at the top of the mining risk/reward index (RRI) of BMI Research, while a lack of dynamism has left Romania and Bulgaria at the bottom. In a research note highlighting the risks and rewards of the region, the Fitch... 

Ukraine's DTEK says power output, import contracts at risk if tariff not raised

By: Reuters     18th September 2017 The head of Ukraine's largest private power and coal producer, DTEK, said the company may have to halt production at one of its power plants or suspend import contracts if the government does not raise tariffs to account for expensive anthracite imports. Pro-Russian separatists seized control of... 

EBH Namibia ‘welds’ strong country-to-country and maritime relationships with landmark repair of Angolan Fisheries’ floating dry dock

4th September 2017 30 August 2017 was a very significant date for EBH Namibia (EBHN), in that it was the day that the Angolan Ministry of Fisheries (Pescangola) floating dry dock was docked in Walvis Bay for repairs. “For some time, we have recognised that strategically there are a number of pivotal synergies which... 

EBH Namibia ‘welds’ strong country-to-country and maritime relationships with landmark repair Angolan Fisheries’ floating dry dock

1st September 2017 30 August 2017 was a very significant date for EBH Namibia (EBHN), in that it was the day that the Angolan Ministry of Fisheries (Pescangola) floating dry dock was docked in Walvis Bay for repairs. “For some time, we have recognised that strategically there are a number of pivotal synergies which... 

AB InBev to merge Russia and Ukraine businesses with Anadolu Efes

By: African News Agency      9th August 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said on Wednesday that it has reached a non-binding agreement with Anadolu Efes, the leading brewer in Turkey, regarding a 50:50 merger of AB InBev’s and Anadolu Efes’ existing Russia and Ukraine businesses. This comes AB InBev’s... 

Ferrexpo expects up to 10Mt/y of idled pellet supply to enter market

By: Mariaan Webb     3rd August 2017 Swiss-headquartered Ferrexpo expects demand for high-quality iron-ore, especially pellets, to remain strong in the second half of 2017, underpinned by an improvement in the global economy, as well as drive by steel mills to reduce their emissions and improve the quality of their final product.... 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

Black Iron reinvigorates Ukraine iron-ore project on favourable exchange rate

By: Mariaan Webb     20th July 2017 Canadian explorer and developer Black Iron will develop a new preliminary economic assessment (PEA) for its Shymanivske iron-ore project, in Ukraine, to take into account the favourable exchange rate and a phased development plan. Instead of a 9.9-million-ton-a-year operation, as considered in... 

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin 

By: Henry Lazenby     19th July 2017 Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like... 

Muted growth forecast for Europe’s mining industry

By: Creamer Media Reporter      13th July 2017 Mining and metals companies operating in Europe are set to remain in recovery mode, as a sluggish recovery in mineral prices keep investment activity subdued, while environmental regulations will pose headwinds for coal-producing countries. BMI Research said on Thursday that mineral prices were... 

Ferrexpo’s Ukraine operations record lower Q2 pellet output

By: Megan van Wyngaardt     6th July 2017 Swiss-headquartered Ferrexpo’s Ukraine assets recorded a 3.3% quarter-on-quarter decrease in iron-ore pellet production to 2.53-million tonnes in the second quarter. This brought pellet production for the first half of the year to 5.16-million tonnes, 9.9% lower than the 5.72-million tonnes... 

London market a 'natural destination' for Russian firms, says LSE CEO as Polyus returns

By: Mariaan Webb     5th July 2017 The LSE has a strong record of funding growth of Russian mining companies and the return of gold miner Polyus two years after it delisted shows the London bourse remains a “natural destination” for Russian companies, LSE CEO Xavier Rolet said on Wednesday. “The listing demonstrates London’s... 

Poland sees Trump visit catalyst to cut Russian gas reliance

By: Bloomberg     5th July 2017 Polish leaders are betting Donald Trump’s visit to Warsaw starting on Wednesday, two days before the US President meets his Russian counterpart, will bolster their efforts to reduce the nation’s dependence on natural gas from its eastern neighbour. Less than a month after Poland’s Baltic Sea... 

Trump said to tout coal projects, nuclear aid in 'Energy week'

By: Bloomberg     30th June 2017 President Donald Trump is set to announce he is lifting an Obama-era policy that curtailed the financing of coal-fired power plants overseas, as he seeks to propel American " energy dominance" and reorients the US government away from fighting climate change. Trump also will describe a series of... 

Coca-Cola appoints new South Africa GM

By: Megan van Wyngaardt     28th June 2017 Beverage giant Coca-Cola Africa has appointed Roger Gauntlett GM of its South Africa business.  Gauntlett will manage the company’s relationship with the its bottling partner, Coca-Cola Beverages South Africa, ensuring alignment as well as sustainable and profitable growth for the beverage... 

New Russia sanctions impact muted even as energy shares sag

By: Bloomberg     16th June 2017 For investors in Russia’s energy and metals sectors, the US Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain. The Senate bill proposes adding restrictions to banks’ and energy companies’ ability to raise capital, and... 

BlackRock Metals pockets C$40m mine financing by Orion

By: Henry Lazenby     8th June 2017 Private Quebec-focused speciality metals project developer BlackRock Metals has secured C$40-million in equity financing led by Orion Mine Finance Group. The company, which intends to produce low-cost ferrovanadium, high-purity merchant pig iron (MPI) and titanium feedstocks for the US and... 

Turkey’s mining sector to outperform most European peers, but risks persist

By: Mariaan Webb     31st May 2017 Turkey’s mining sector is forecast to be one of the fastest growing in Europe, with the country boasting a “healthy” project pipeline of up to ten new projects, but ongoing political and social unrest has been flagged as a threat to the positive outlook. Research firm BMI is forecasting average... 

KZN coal mine supplying communities’ water needs and more, mulls output expansion 

By: Ilan Solomons     19th May 2017 The Zululand region of KwaZulu-Natal was afflicted by what the Department of Water and Sanitation described as the “worst drought in a century” in 2016 and is still one of the water-scarce areas of the country. Helping neighbouring communities survive this disaster, investment company Menar... 

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