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Armco Metals Holdings Announces Financial Results for the First Quarter of 2015

Armco Metals Holdings, Inc. ("Armco Metals Holdings" or "the Company") (NYSE MKT:AMCO), a U.S. based company that engages in the import, sale, and distribution of metal ore and non-ferrous metals in the People's Republic of China, recycles scrap metals used by...

Monday, August 17, 2015

Optimum Rescue Chance Reasonable if Eskom Deal Renegotiated – Glencore

The directors of Optimum are of the view that there is a reasonable prospect of rescuing Optimum Coal if the supply agreement with Eskom can be renegotiated, Glencore said on Thursday. Optimum Coal announced on August 4 that it had begun business rescue procee...

Friday, August 14, 2015

Brazil’s Ferbasa Sales up in Apr-Jun

According to Brazil’s Ferbasa said that its sales of high carbon ferro-chrome totaled 29,136 tons during April to June, increasing by 4.7% year on year.

Thursday, August 13, 2015

December 2015 – New Commissioning Date for 55kt Tata Ferrochrome Plant

December 2015 is the new target date for Tata Steel to commission a 55kt per annum ferrochrome plant in Gopalpur, Odisha. Two previous dates – March and July 2015 – have been and gone and the company blamed delays on the installation of power transmitters.

Wednesday, August 12, 2015

Eskom Unveils New Coal-Sourcing Strategy as it Pursues R2bn Optimum Claim

State-owned electricity utility Eskom has confirmed an overhaul to its coal-sourcing model, which could result in it withdrawing from its historical cost-plus arrangements with “tied collieries” in favour of arms-length commercial contracts with coal supplie...

Wednesday, August 12, 2015

Eskom still Looking to Close ‘gap’ between Actual and ‘Cost-Reflective’ Tariffs

State-owned electricity utility Eskom has again argued that South African consumers are not yet paying “cost-reflective tariffs” and has indicated that it will continue to pursue revenue “claw backs” through the National Energy Regulator of South Africa’s...

Wednesday, August 12, 2015

Zim Alloys Seeks to Unlock $225m

ZIMBABWE Alloys stands to unlock about $225 million from the export of three million tonnes of chrome ore over five years if Government grants the company’s application for an export licence.

Tuesday, August 11, 2015

Japan Settles High-Carbon Ferrochrome Contract Prices for Q3

[Ferro-Alloys.com]It is reported that Japan’s stainless steel mills have settled contract prices of high carbon ferro-chrome at average US$116 cents/lb in the third quarter of 2015, holding steady from the previous quarter.

Monday, August 10, 2015
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