The South African government is hoping to negotiate greater black economic-empowerment (BEE) participation in the BHP Billiton spin-off company that will host many South African mining assets.
the company is not going to give up as the investments into the project are significant.5 RK0 furnaces (33 MVA each) were supposed to be installed at the plant to produce 235,000 tpy of ferroalloys120,000 tpy of FeMn and 115,000 tpy of SiMn.
Demand for manganese and silicon alloys has been sluggish in the Japan's market in late August. Indian SiMn (65% Mn; 16% Si) has gone down in price to $1,050-1,080/t CIF Japan (down $25/t),
In recent period, prices for manganese and silicon alloys have been largely unchanged in the USA. SiMn (65% Mn; 17% Si) is sold in small batches at $0.58-0.60/lb ($1,280-1,325/t) DDP
Buyers have been slow to close contracts in the South Korean export market for manganese alloys in late August. High-carbon ferromanganese (75% Mn) is stillavailable at $1,000-1,050/t F0B and the material (73% Mn) - at $1,000/t F0B.
Consmin, a leading manganese ore producer with mining operations in Australia and Ghana, announces its quarterly results for the period ended 30 June 2014.