February 2014

MB NON-FERROUS PRICE CHANGES

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

Eskom’s assures Medupi’s start this year

South Africa’s state power utility Eskom has started commissioning some of the critical systems at its Medupi site, putting the start-up of one unit at the power station on track for the second half of this year, outgoing ceo Brian Dames said.

China’s manganese ore imports down in January amid weak sentiment

China’s manganese ore imports fell in January with buyers reducing purchases on falling spot cargo prices at local ports amid weak demand.

FACTS: China's ferro-alloys imports in January

A quick summary of China’s minor metals and ferro-alloys imports in January.

French miner Eramet posts net loss of $508m in 2013

French mining and metallurgical group Eramet has posted a net loss after impairments of €370 million ($508 million) in 2013, following a tough year for its nickel business.

Silicomanganese prices strengthen in the USA

US silicomanganese spot prices continue to strengthen amid tight supplies, widening to a range of 58 to 60 cents per lb from 58 to 59 cents previously.

MB NON-FERROUS PRICE CHANGES

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

MANGANESE ORE INDEX: Prices stable as standoff continues in China

Manganese ore prices held on Friday February 21 as the standoff continued between large miners who will not cut prices and Chinese buyers who are prioritising cheaper local cargoes.

Interalloys buys Euromin from Vitol

Ferro-alloys trading company Interalloys GmbH has bought the metals and concentrates business of Euromin SA from oil trading company Vitol, Metal Bulletin understands.

HOTLINE: Mashile-Nkosi slams SA opposition party’s allegations over Kalagadi funding

Manganese miner Kalagadi Resources’ chairwoman, Daphne Mashile-Nkosi, has hit out at the Democratic Alliance (DA) opposition party for urging an official investigation into state investments in Kalagadi.