Ores
Korean Steelmakers Hit by Double Whammy — Demand Cliff and Cost Surge
[Ferro-Alloys.com] The Korean steel industry is suffering from a double whammy — a steep rise in costs and a demand cliff following the spread of COVID-19. Although price hikes are urgently needed in view of worsening profitability amid rising production cost... |
Alcoa to shut Ferndale smelter, throwing 700 out of work
[Ferro-Alloys.com] Ferndale Mayor Greg Hansen took “a nice, long walk in the rain’’ to compose himself Wednesday before agreeing to speak about the announced closure of the nearby Alcoa aluminum smelter — it’s a huge blow to a community already reeling. |
Mechel Reports Selling Elga Coal Complex and Completing Restructuring Process with State-Controlled Lender Banks
[Ferro-Alloys.com] Moscow, Russia – 22 April 2020 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports closing the deal on the sale of companies comprising Elga Coal Complex, and signing agreements with Gazpr... |
South 32: Quarterly Report March 2020
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[Ferro-Alloys.com] Responded to market conditions to maintain the financial strength of our business by suspending the remaining US$121M of our current on-market share buy-back program and lowering FY20 sustaining capital expenditure guidance, including equity... |
Eskom agrees temporary coal price with South32 which targets sale of SAEC by December
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[Ferro-Alloys.com] SOUTH32 expected to complete the sale of its stake in its South African Energy Coal (SAEC) business to Seriti Resources in the December quarter, but the onset of the COVID-19 pandemic had delayed a review of the South African manganese smelt... |
Manganese mining company Tshipi é Ntle donates R5 million to Covid-19 Solidarity Fund
[Ferro-Alloys.com]JOHANNESBURG - Manganese mining company Tshipi é Ntle has donated R5 million to the coronavirus (Covid-19) Solidarity Fund set up by President Cyril Ramaphosa to help fight the disease in South Africa, company board chairman Saki Macozoma sai... |
South Africa extends lockdown but offers roadmap for reopening
[Ferro-Alloys.com] KEY POINTS South Africa remains the most affected country in Africa by the pandemic, with 2,415 confirmed cases as of Wednesday morning according to data compiled by Johns Hopkins University. |
South African Mines Reopen at 50% Capacity as Lockdown Eases
[Ferro-Alloys.com] South Africa allowed mining companies to resume operations at half their normal capacity as the government takes its first steps to ease a nationwide coronavirus lockdown. |
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