July 2012

Eskom’s price hikes could face government probe

Eskom, South Africa’s state-owned power utility, could face an investigation into its price increases over the past three years as well as its proposed increases for the next five years.

MB NON-FERROUS PRICE CHANGES

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

BHP faces wage dispute at South African manganese mine

BHP Billiton is facing a wage dispute at its Hotazel mine in South Africa, after a pay rise was rejected by union members.

BHP holds manganese offers to China for September

BHP Billiton announced to continue to hold its manganese ore prices to China for September shipment, in an attempt to prevent the market levels fall further.

Chinese manganese ore imports fall 14% in June

China imported 14.1% less manganese ore in June, after traders and smelters stocked up in May.

Tshipi manganese mine gets cash boost for year-end start-up

South Africa’s soon-to-be-commissioned Tshipi Borwa manganese mine will receive some of the A$125 million ($130 million) that one of its major shareholders, Australian-listed Jupiter Mines, will raise, allowing the 2.4-million-tpy mine in the Northern Province to start production before the end of the year.

Vale’s manganese ore, ferro-alloy output drops in Q2 2012

Vale’s manganese ore production decreased 5.6% in the second quarter of 2012 compared with the same period in 2011, the company said.

MB NON-FERROUS PRICE CHANGES

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

Ruukki will stop charge chrome output during August

Ruukki will stop plasma charge production at its Mogale Alloys plant in South Africa for the month of August, a spokesman told Metal Bulletin on Friday July 20.

Kalagadi needs ArcelorMittal funds two weeks before manganese mine due to start

Daphne Mashile-Nkosi, ceo and chairwoman of Kalagadi Manganese, which is to commission its South African sinter plant and mine within two weeks’ time, said she needed majority shareholder ArcelorMittal’s funds urgently to enable start-up of the project as planned.