ARM FY Profit Down 58% on Lower Prices

African Rainbow Minerals, led by CEO Mike Schmidt, posted a 58% fall in annual headline earnings on Friday reflecting lower commodity prices which forced it to shut down several manganese alloy furnaces.

Sunday, September 6, 2015

Company Reports Lower Zimbabwe Gold Sales

Gold sales from Pan-African multi-commodity mining and development company Mwana Africa’s Freda Rebecca mine, in Zimbabwe, Dropped slightly to 57799 oz during the financial year ended March 31, from the 58704 oz sold during the prior financial year.

Sunday, September 6, 2015

Indonesian Leader Vows Massive Deregulation to Win Investment

Indonesia’s president on Wednesday promised quick and massive deregulation to attract much needed investment in South-east Asia’s largest economy.

Sunday, September 6, 2015

Brazil’s Vale Says Permitted to Restart Onca Puma Nickel Mine

Brazil’s Vale said on Wednesday it had received a ruling allowing it to restart operations at the Onca Puma nickel mine, in Para state.

Sunday, September 6, 2015

Nearctic Nickel Sues Quebec Government for Taking Three Claims

Nearctic Nickel Mines has sued the Quebec Ministry of Energy and Natural Resources for allegedly taking three territories from the Expo Ungava property, in 2008, to create three mining leases issued to Canadian Royalties.

Sunday, September 6, 2015

Alcoa Invests $60m in 3D-printing R&D Centre Expansion

Specialty alloys firm Alcoa will invest $60-million to expand a research and development (R&D) centre near Pittsburgh, Pennsylvania, that would accelerate advanced three-dimensional (3D) printing materals and processes.

Sunday, September 6, 2015

Indonesia Remained Nickel Ore Export Ban

According to source reported that Indonesia Government said it will continue to ban nickel ore exports. Indonesia banned export of raw metal ore in early 2014, in order to force local enterprises to establish a smelter, as the results of the loss of billions d...

Sunday, September 6, 2015

Russian Norilsk Nickel Predicts Global Nickel Supply Shortage in 2016

The world's second largest nickel producer Norilsk Nickel predicted that the global nickel supply shortage continued to extend, caused most companies lose profits and cut the production.

Sunday, September 6, 2015
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