December 2010

Majors will struggle with M&A in 2011

Major mining companies will find it difficult to carry out mergers and acquisitions (M&A) in 2011 and will instead need to redirect burgeoning revenues back into existing assets, market analysts agree

BHP Mn ore offers to China unchanged for Jan

BHP Billiton is keeping its manganese ore offers to China unchanged for a second month, as China's manganese alloys market remains weak.

China ferro-alloys output down 7% in Nov

China's ferro-alloys output fell back in November after rising for two months, as some smelters were asked to shut down again to meet emissions targets before year end.

Wikileaks names key metals resources

The Wikileaks website has named a number of metals mines and facilities outside of the USA that are key to US interests, as it published the list of sites that have been placed under the National Infrastructure Protection Plan (NIPP) at the behest of the Dept of Homeland Security

***MB NON-FERROUS PRICE CHANGES

The following MB non-ferrous free market prices changed on Friday:

(AMM) Felman Trading denies claims of undercutting silicomanganese market

Felman Trading Inc. denies claims by market participants that the silicomanganese and ferromanganese company has been selling at a discount over the past year in order to grab market share.

***MINES AND MONEY: Chinese metals exploration growing 'tremendously'

China is increasing investment in mining exploration at a "tremendous" rate, Raw Materials Group founder Magnus Ericsson told delegates at the Mines and Money conference.