Monthly Archives: September 2016

Big miners need a better plan for growth riddle in China

MELBOURNE – Rio Tinto Group, the world’s second-biggest miner, is no longer certain of picking the path ahead for growth in China, its biggest customer. It isn’t alone. China’s short-term demand remains difficult to read, Glencore’s CEO Ivan Glasenberg said last month after the largest miners were wrong-footed this year by Chinese stimulus that’s boosted raw materials demand, lifting prices following five straight annual declines. Rio now sees long-term targets as unhelpful, and has … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Russia’s Norilsk Nickel admits ‘red river’ responsibility

The world’s biggest nickel producer has admitted a spillage at one of its plants was responsible for a river in the Russian Arctic turning blood-red. Norilsk Nickel says that heavy rains on 5 September caused a “filtration dam” at its Nadezhda plant to overflow into the Daldykan river. However, it says there is no danger to people or wildlife. The company had flatly denied it was responsible when images of the red river near … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Indonesian Govt warned of risks from policy flip-flop

The government’s proposed relaxation of an impending export ban of unprocessed mineral ore will raise risks and discourage miners from constructing smelters as per requirements, experts have warned. Interim Energy and Mineral Resources Minister Luhut Pandjaitan recently proposed that several commodities be allowed an export extension for three to five years, depending on each company’s smelter development progress and commodity prices. Luhut, who is also the coordinating maritime affairs minister, suggested that the ban … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

PT Antam welcomes export changes in Indonesia

PERTH (miningweekly.com) – Diversified miner PT Antam has welcomed plans by the Indonesian government to relax mineral export regulations. Last month, Indonesia’s Chief Economic Minister said that the government was looking to relax export rules that which prevent certain companies from exporting semi-processed minerals, from January next year. Under the 2014 rule, metals miners were only allowed to ship partially processed minerals until January 2017, at which point only exports of refined metals would … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

GE speeds up 3D Printing push with bids for SLM, Arcam

General Electric launched bids on Tuesday to buy two of the world’s top makers of machines for metal-based 3D printing – Sweden’s Arcam and Germany’s SLM Solutions – for a total $1.4 billion to bolster its position in the fast-growing technology. 3D printing has been used to build prototypes for decades but has become more widespread for industrial mass production in recent years, with uses including the production of dental crowns, medical implants and … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Indian Copper players urge govt to review FTAs with Japan, ASEAN

Domestic copper industry has urged the government to protect it from the annual USD 1 billion imports of the metal from Japan and ASEAN countries, with which India has inked market opening trade pacts. Hit by the rising imports, industry body Indian Primary Copper Producers Association (IPCPA) has approached Cabinet Secretary P K Sinha requesting him to consider reviewing the Free Trade Agreements (FTAs) with Japan and ASEAN countries, among other measures. “Copper prices … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Surging China Stainles sSteel Output May Reverse Recent Nickel Slump

Melbourne. A surprise jump in stainless steel production this year in China, the world’s biggest nickel user, may reignite a rally in nickel prices as investors shift focus to demand from worries over Philippine supply. China’s output of nickel-bearing stainless steel, which uses more nickel than overall stainless steel, during January to July surged to 11.201 million tonnes, up 10 percent from the same period in 2015, according to UBS. Overall stainless steel output … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Molycorp emerges from chapter 11 as Neo Performance Materials

Aug 31 Molycorp Inc * Molycorp, inc. Emerges from chapter 11 as Neo Performance Materials * Confirmed fourth joint amended plan of reorganization became effective as of August 31, 2016. * Neo performance materials is organized along three business segments; neo chemicals and oxides, neo magnequench, and neo rare metals * Neo performance materials is a privately held company with executive offices in Toronto, Canada * Shares of common stock of former Molycorp, Inc. … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

Chile orders two Copper mines suspended

Chile’s mining regulator on Tuesday ordered a halt to all operations at two major copper mines, state-owned Codelco’s Chuquicamata and Freeport-McMoran Inc’s El Abra, to investigate separate fatal accidents. “We are concerned that today August 30 we had two accidents with three lost lives,” said Rodrigo Alvarez, the head of the Sernageomin regulator, in a tweeted video comment. “We’ve made two very difficult decisions for the industry. We’ve ordered the provisional and total suspension … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off

China’s Steel mills hunt for high-grade Iron ore to boost output

By Ruby Lian and Gavin Maguire | SHANGHAI Cashed-up Chinese steel mills are chasing top quality iron ore to help increase output and meet Beijing’s tougher environmental standards, driving the premium for high-grade ore to its biggest in two years. In the latest sign of renewed optimism among China’s steel producers as capacity cuts boost steel prices, producers are turning away from cheaper ore with a lower iron content, contributing to growing stockpiles at … Continue reading

Posted in Metal Marketing, Mining, News | Comments Off