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Government intervention to save steel industry ‘too late’ – Vavi

Nava Bharat Ventures Ltd has informed BSE that the Company has entered into a Conversion Agreement with M/s. Tata Steel Limited (TSL) for conversion of Chrome Ore into Ferro Chrome, and the arrangement will commence upon.the receipt of ore and reductants from ...

Wednesday, September 16, 2015

Sphere to sell 80% stake in Mauritania project

The ASX-listed subsidiary of Glencore, Sphere Minerals, has executed an exclusive option to Al Rawda Resources to buy an 80% interest in its Askaf project, in Mauritania. The agreement would see Al Rawda pay $10-million in cash, along with a life-of-mine royal...

Wednesday, September 16, 2015

Move to Refining, Ferrochrome Industry Players Urged

INDUSTRY and Commerce Minister Mike Bimha says ferrochrome industry players should utilise the lifting of the ban on raw chrome exports to stabilise their operations and recapitalise. He told Business Chronicle in Gweru that the chrome sub sector needs to embr...

Tuesday, September 15, 2015

Chidhakwa Moves To Resume Chrome Exports

MINES and Mining Development Minister, Walter Chidhakwa, who has been under fire for failing to put in place measures to resume chrome ore exports, this week set up a special purpose vehicle (SPV) for small scale miners to use for export of the mineral.

Monday, September 14, 2015

Executive Vice President of ICTC Visited Ferro-Alloys.com

[Ferro-Alloys.com]Mr.Mishra, Executive Vice President of India-China Trade Center visited Ferro-Alloys.com on Sunday and reached

Monday, September 14, 2015

Miners Increasingly Looking to Renewable Energy Sources to Drive Operational Savings

Current pressures on the mining sector are driving increased interest in the cost savings and power security advantages that renewables could provide mining operations. To this end, a record number of mining leaders will meet with renewable energy and finance ...

Wednesday, September 16, 2015

Glencore in $2.5bn Equity Raising, $10bn Capital Preservation, Debt Cutting

Global commodities mining and marketing company Glencore on Monday announced a fully committed proposed equity capital raising of up to $2.5-billion alongside additional $10.2-billion capital preservation and debt reduction measures, portfolio optimisation a...

Wednesday, September 16, 2015

Zimbabwe: Govt Creates SPV for Chrome Ore Trading

Government has created a special purpose vehicle to facilitate buying and selling of chrome ore from small-scale miners following the lifting of export ban on the mineral.

Thursday, September 10, 2015
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