May 2012

BHP continues to lift manganese offers to China for July

BHP Billiton has lifted its manganese ore prices to China for July shipment for the second consecutive month, in an attempt to shore up the market.

Chinese silico-manganese operating rates expected to fall further on weak demand

Operating rates of local silico-manganese smelters will continue to drop in the coming days as a result of the weak downstream market, according to market participants.

Kaboko Mining raises stake in Zambian manganese projects

Australia-listed Kaboko Mining has raised its shareholding in Impondo Zambia Mining to 75% from 51%, giving it access to five manganese projects and manganese exploration rights in Zambia.

Skopski Leguri will invest in manganese and nickel ore projects

Skopski Leguri is looking for investment opportunities in manganese and nickel ore projects, Igor Frunze, chairman of the company’s supervisory board told Metal Bulletin.

Politicians focus on illegal mining as execs caution about organised crime

Illegal mining is robbing mining companies and South Africans from their resources, causing headaches for companies and authorities to combat these illegal activities around the country, said shadow minister of mines, James Lorimer.

RESOURCE NATIONALISM: Mineworkers union condemns nationalisation of South African mines

South Africa's National Union of Mineworkers (NUM) has condemned outright nationalisation of mines as unstrategic a week after another union, the National Union of Metalworkers of South Africa (Numsa), advocated full-scale uncompensated nationalisation.

Silico-manganese prices slide as demand dwindles

Silico-manganese prices dropped on Friday May 25 as demand weakened and market participants braced themselves for production restarts in Australia and South Africa.

MB NON-FERROUS PRICE CHANGES

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

South African mining licenses to take one year under new system – Shabangu

Mining and exploration rights approvals will only take one year from application when a new system is integrated with the other governmental departments in South Africa, minister of mines Susan Shabangu said on May 22.

Bracken International Mining to sell manganese ore to Shandong, Sanit Corp

Shandong Coking Coal and Sanit Corporation have signed letters of intent to each purchase 30,000 tpm of manganese ore from Bracken International Mining’s Big George West Timor Mine in Indonesia.