February 2013

Chrome ‘price war’ hurting producers – Eti Krom

The decision by Chinese stainless steel producers to slash their March purchase prices for ferro-chrome has exacerbated a “meaningless” and damaging price war, Turkish chrome producer Eti Krom announced on Thursday February 28.

Low ferro-chrome prices spell losses for IFM

International Ferro Metals (IFM) reported a net loss of ZAR 77 million ($8.7 million) in the six months to December 31 2012, after the price of ferro-chrome hit three-year lows.

Chinese ferro-chrome, chrome ore imports jump in January

Chinese imports of ferro-chrome and chrome ore continued to rise in January on strong demand from the stainless steel sector before the country's lunar New Year.

Ruukki puts Zimbabwean chrome project on hold

Ruukki Group says prevailing market conditions have forced it to put plans to develop its Waylox chrome deposits in Zimbabwe on hold.

Violent union clashes halt production at Amplats’ Rustenburg mines

Anglo American Platinum’s (Amplats) Rustenburg operations have been brought to a standstill by an illegal strike on February 19, a spokeswoman confirmed, after violent clashes between rival unions the previous day left 13 workers injured.

RESOURCE NATIONALISM: South Africa to review mining royalties this year – Zuma

South Africa will conduct a review of the country’s mining royalties later this year, president Jacob Zuma announced during the annual state of the nation address on Thursday February 14.

Medupi strike may delay plant completion – Eskom

A strike by construction workers at South African state power utility Eskom’s Medupi power station is a “material threat” to the timely completion of the project, Eskom spokeswoman Hilary Joffe said recently.

Chinese high carbon ferro-chrome prices remain stable

Chinese high-carbon ferro-chrome prices were stable this week, amid a quiet market before the Chinese New Year holiday.

MINING INDABA 2013: South Africa’s FeCr competitiveness depends on cost reduction – IFM’s Jordaan

South African ferro-chrome producers must cut operating costs to remain competitive in the face of steep power price increases, International Ferro Metals (IFM) ceo Chris Jordaan told Metal Bulletin on the sidelines of Mining Indaba in Cape Town.

MINING INDABA 2013: Koncar’s Burundi nickel project gets approval to build hydropower plant

Kermas company Burundi Mining Metallurgy (BMM) has received a concession to start building a hydropower plant that will provide electricity to its planned Musongati nickel project, Danko Koncar, who owns Kermas and BMM, told Metal Bulletin on Tuesday February 5.