materials firm GrafTech International Ltd
reported a net loss of $50m for the third quarter of 2015
compared to a loss of $35m for the same period last year. The
figures included $23m-worth of special charges, net of tax and
reflected a 38% decline in sales to $160m, down from $260m in
On an adjusted
basis, the company’s net loss for the quarter
stood at $27m, more than double the $13m figure recorded a year
GrafTech’s industrial minerals segment saw its Q3
sales decline year-on-year to $126m from $209m, while operating
income fell to $3m from $12m. Its engineered solutions arm,
meanwhile, posted net sales of $34m, down from $52m for the
third quarter of 2014 and an operating loss of $4m, compared to
income of $1m the year before.
"We continue to
manage through a very challenging operating environment in our
end markets and will continue to aggressively reduce costs to
improve our competitive position," said Joel Hawthorne,
GrafTech’s CEO. "With the benefits of the
investment made by Brookfield Asset Management (…) we
will continue executing our strategy and positioning the
company for success as the cycle improves," he added.
became a wholly-owned subsidiary of Canadian asset management
business, Brookfield Asset Management Inc., in
December this year.
materials company, Germany’s SGL Carbon
SE, has said meanwhile that it expects the renewed
deterioration in the overall steel markets to have a negative
impact on graphite electrode profitability this year and into
2016, despite past and ongoing cost cutting measures.
The company said
it anticipates its graphite
electrode business to be EBIT* negative in 2016, resulting in a
significant deterioration of the EBIT of its performance
products division. Simultaneously, SGL Group said it is
reviewing further site optimisation and capacity reduction
measures including potential site closures as well as further
reductions in personnel from adapting its business model.
ASX-listed Triton Minerals Ltd has updated the
October 2014 maiden mineral resource estimate for the Nicanda
Hill deposit at its Balama North graphite project in
The total mineral
resource estimate for the site now comprises 1.44bn tonnes at
an average grade of 11.1% C and 0.29% vanadium pentoxide
(V2O5). The original measured resource
stood at 33m tonnes grading at 12.3% C.
Triton, the upgrade ranks Nicanda Hill as the largest graphite
and vanadium resource in the world. The company now plans to
rapidly advance the project and commence production as soon as
Mason Graphite Inc. has completed and filed an
environmental impact study for its Lac Gueret project in
northeast Quebec with the state’s Ministere du
Developpement durable, de l'Environnement et de la Lutte contre
les changements climatiques (MDDELCC).
The study was jointly prepared by Mason and the environmental
services of the engineering firm, Hatch, and
consists of numerous technical analysis of the predicted
project effects on biophysical and human environments. The
local First Nation of Pessamit also participated in the
Filing of the study is an important step forward in the
permitting in Lac Gueret, Mason said.
TSX-V-listed Caribou King Resources Ltd has
completed its latest exploration and assay programme at its
Buckingham project in southern Quebec.
A total of 18
holes were drilled on the property as part of the programme, 16
of which returned grades higher than 11.9% C, Caribou King
said. Most of the samples were taken over approximately 900
metres from outcrops and succeeded in delineating a mineralised
sequence extending over this length, with a thickness of at
least 250 metres.
ground-based electromagnetic surveying, mapping and sampling
have provided the company with sufficient data to come up with
a drilling plan for Buckingham.
Strategic Metals Inc. and Lomiko Metals
Inc. are to proceed with a resource estimate to define
a flake graphite resource at the La Loutre property in Quebec.
The estimate will be based on 25 drill holes of 2014 and the
first 26 holes drilled this year, the results for 22 of which
are still pending.
La Loutre is
located approximately 53km from Imerys Graphite and
Carbon’s Lac des Iles operating graphite
mine, which is also in Quebec.
Jean Carbon Inc. is in the process of filing a number
of provisional patents to protect the company’s
Phase one test
results on superconducting graphene made from ore samples taken
from the company’s graphite properties in Quebec
will be issued upon completion of the patent filings.
Western Graphite Inc. has announced plans to
purchase Atmosphere Global LLC, a producer of
non-toxic, non-corrosive, pH neutral and biodegradable
cleaning, sanitising and odour-eliminating products.
has also invested in exploration mining projects in Canada,
said that Atmosphere’s products have applications
in a range of industries, including agribusiness, waste water
reclamation, industrial cleaning, marine and mining.
The company said
that Atmosphere's ability to work in the mining space is
expected to be profitable for Western.
Metallica Minerals Ltd has intersected 120
metres of graphite mineralisation from its maiden graphite core
drill hole at the company’s Esmerelda graphite
project in northern Queensland, Australia.
that the findings was based on visual assessment of the drill
core and that the graphite appeared between 68 metres and 189
metres in depth. Visual inspection further suggested that the
majority of the core contained graphite with grades of over 10%
C, with some portions in excess of 20% C.
A second drill
hole at the site commenced earlier this week.
news, Graphite One Resources Inc. has
completed a non-brokered private placement which, together with
a previously announced financing at the end of September, has
raided gross proceeds of Canadian dollar (C$) 1.99m
company issued 9.059m units at a price of C$0.07/unit. The net
proceeds of the offering will be used for exploration and
development work at Graphite One’s Graphite Creek
property in Alaska, US.
Mozambi Resources Ltd has raised Australian
dollar (A$) 1.75m ($1.25m) via a share placement priced at
The company plans
to use the cash to define multiple JORC resources and expand
discoveries previously announced at Mozambi’s
Nachingwea graphite project in southeast Tanzania.
graphene news, Angstron Materials
Inc.’s CEO, Dr Bor Jang, said at last
week’s Grapchina 2015 event in
Qingdao, China that the company has come up with a two-pronged
plan to eliminate bottlenecks in graphene production and
kick-start market growth.
"We are ramping up production of graphene from 300 [tpa] to
1,000 [tpa] in 2016," Jang said.
"Inability to source commercial scale quantities of graphene
has historically hampered the growth and implementation of
graphene-enabled and graphene-enhanced applications such as
next-generation energy technologies, composites, water
treatment, and corrosion protection. Increased production means
we can bring market costs down too, giving companies previously
priced out of the graphene market access to the
material’s unique performance
He also announced that Angstron will
open up its extensive graphene production patent portfolio.
"We’ll licence our graphene production processes
to select partners worldwide," he said.
Natural Graphite Report – Strategic Outlook to
2020" is now available to purchase. For more
information or to request a sample of the report please email
email@example.com or call +44 (0) 20 7779 8141. The trends
outlined in the report will also be discussed at
5th Graphite & Graphene
Conference on 8-9 December at the Waldorf
Hilton in London.
*Earnings before interest and taxes
**Conversions made November 2015