September 2012

MB NON-FERROUS PRICE CHANGES

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

SA’s DMR will not take export tax proposals to Treasury – yet

South Africa’s Department of Mineral Resources (DMR) said on Wednesday September 26 that it is investigating an array of possibilities to stimulate beneficiation of minerals in the country, including taxes on raw minerals exported from the country.

Junior manganese producer Kaboko savours generous Zambian tax exemptions

Kaboko Mining is savouring generous tax concessions from the Zambian government, after it scrapped corporate tax payments for its manganese projects and suspended duties on mining machinery for the next five years.

Chinese manganese ore imports up 18% in August

Chinese manganese ore imports rose in August as higher prices and low spot inventory saw buyers return to the market.

South Africa considering export tax on all raw minerals

The Department of Mineral Resources (DMR) in South Africa is set to approach the Treasury about a proposed export levy to be introduced on all raw mineral exports, including chrome ore, from the country.

MB NON-FERROUS PRICE CHANGES

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

KEY FACTS: BHP's manganese assets

Speculation about a sale of BHP Billiton's manganese assets is increasing, so here are the key facts about the company's production.

Investment bank targets sale of BHP manganese assets

An investment bank has approached market participants about a potential sale of BHP Billiton’s manganese assets, fuelling suggestions that the mining company has stepped up its efforts to divest some or all of those assets, Metal Bulletin understands.

MB NON-FERROUS PRICE CHANGES

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

Political maverick calls for all SA miners to go on strike

Controversial expelled African National Congress Youth League leader, Julius Malema, has called for all South African miners to go on a national strike, igniting fears that labour unrest in platinum and gold mines will spill over to the rest of the country’s mining industry.