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Construction, Chemicals

  • Aggregates producer Athabasca hit by low oil prices in Q1 21 May 2015

    Although Athabasca is not yet active in the North American fracking industry, its key role as aggregates supplier to major oil sands customers means the company has failed to escape the effects of the oil price plummet in Q1 2015. Read More

  • New Nigeria port to boost dry bulk 21 May 2015

    The Lekki deep seaport project is set to be completed in 2019 and will be the largest port in Nigeria. With a 4m tpa dry bulk handling capacity the port could result in increased industrial imports to supply the oil and gas and cement industries. Read More

  • Asbury to require over 4,500 tpa graphite for US GNP facility by December 2016 19 May 2015

    Just over 4,500 tpa additional graphite supply will be needed by 2016 with the opening of Asbury’s new plant in North Carolina. The company will make a range of graphite nanoplatelet products at the site for nanometric conductive filler markets at the site. Read More

  • Indiana Limestone to double annual production 19 May 2015

    At a time when banks are reluctant to lend money, private equity investors have an opportunity to step in. Prior to filing for bankruptcy, Indiana Limestone Co. owed $50m to more than 1,000 creditors, illustrating how the financial markets were only willing to lend in small increments. Under the ownership of Wynnchurch Capital, the business has been able to access the cash to invest in its equipment and to double its production. Read More

  • Kenya Fluorspar fully compliant with government tax obligations 18 May 2015

    Despite press reports that the company was at odds with the Kenyan government over its tax payments, Kenya Fluorspar has stressed that it has fulfilled state demands for increased royalties on production from its Kimwarer project and is not required to compensate landowners for use of its mining lease area.* Read More

  • USA Gypsum opens $3m gypsum drywall recycling facility 14 May 2015

    Produced via chemical synthesis and mining, recycling is also a substantial source of gypsum products. USA Gypsum will produce derivative gypsum materials, not fresh drywall from this new facility. Read More

  • ICL profits held up by divestments, offsetting lower sales dented by strikes 13 May 2015

    Stockpiles are lower and much of ICL’s profit this quarter has arisen from non-recurring divestments, but the company’s outlook in a number of pressurised sectors appears positive, despite substantial headwinds. Potash deliveries delayed by strikes in the first half of 2015 will be delivered in the second half and bromine demand in the depressed oil industry appears to be holding up, the company said. Read More

  • Savana Cement applies for Ghanaian limestone permit 12 May 2015

    Ghana’s quiet mining industry is set to get a boost from SAVACEM’s move to extend its potential lifespan in the country. Construction is a big industry in underdeveloped parts of Africa – driving demand for cement and its constituent raw materials. Read More

  • UK General election conservative victory to bolster energy and construction sectors 08 May 2015

    The markets have spoken, and the rally of the FTSE and the pound shows confidence in a UK Conservative government. Though many mineral companies operate outside the UK, meaning the impact on their businesses will be minimal, the win is expected to to have a positive effect on the energy and construction sectors and the minerals used to supply them. Read More

  • Lanxess reaps rewards of realignment programme with stable y-o-y net sales 08 May 2015

    For the first time in a few years, Lanxess has avoided a year-on-year drop in its net sales, thanks to its realignment programme. The Germany-based chemical company, which produces synthetic iron oxide, is in the second phase of its three step cost reduction programme. Read More

  • USG and Boral open $37 JV gypsum plant with Omani partners 07 May 2015

    Hoping to break into the construction market in the Gulf and the Indian subcontinent, both USG and Boral, US and Australian players, have established a JV gypsum board factory in Oman with a local partner, Zawawi Minerals. The facility has been designed to be able to double its capacity, should future demand exceed current expectations, and is in keeping with the Omani’s government strategy of commercialising natural resources. Read More

  • Albemarle income rises following Rockwood acquisition but bromine disappoints 07 May 2015

    Albemarle has tightened and heightened its per-share earnings guidance for the year ahead. While profits for the business have risen, this is mainly due to extra lithium sales from Rockwood, which the company finished integrating earlier this year, as the bromine department continues to face substantial industry pressures. Read More

  • Solvay posts 6.4% increase in sales as US dollar drives performance 06 May 2015

    Like many other businesses operating in euros, Solvay has benefited from the European currency's depreciation against the US dollar. The group has seen a strong performance from its soda ash and derivatives segment and anticipates a growth of 2.5m tpa extra soda ash capacity in the market between 2017 and 2019. Read More

  • WIOML 2015: India is not the next China 05 May 2015

    Hope that India may take the place of China at the high-consumption commodities table is misplaced, delegates at WIOML were told. Substantial legislative challenges and new barriers to entry in manufacturing are unlikely to be solved quickly. As a result mineral pricing is not due a buoyant renaissance. Read More

  • WIOML 2015: Mining industry continues to be stalked by “myths and monsters” 05 May 2015

    According to speakers at the World Initiative of Mining Lawyers held today in London, UK, the mining industry is holding on to a number of false assumptions that are hindering growth, particularly during a time of global slowdown in the sector. These include theories regarding manufacturing cost curves, government policies and financial assessment. Read More

  • Acidspar prices touch pre-boom levels 01 May 2015

    Fluorspar Price Review: Q1 2015 price trend analysis for acidspar shows slump to two-and-a-half year lows; prices down 45% since 2012. Read More

  • Euroports signs 10 year fly ash handling deal 01 May 2015

    Logistics is key in bringing industrial minerals such as fly ash to market, and long-term agreements help ensure the security of the supply chain. Read More

  • Price stability rules as mineral markets enter Q2 IM May 2015

    Producer increases may lift bromine prices; oilfield mineral prices flat as oil tumult persists; fused alumina prices edge up as Chinese competition dips. Read More

  • People and places: LKAB Minerals GmbH IM May 2015

    IM speaks to Anders Lundgren, managing director at LKAB Minerals GmbH. Read More

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