Magnesia latest news

  • May 2016

    India’s Orient Refractories posts positive Q1

    25 May 2016

    The monolithic and refractory products manufacturer recorded increased sales and profit margins in the first quarter of the year.

  • Jindalee gains license to explore Tasmanian magnesite

    24 May 2016

    Australian exploration miner Jindalee Resources has obtained a license to explore the Arthur River and Lyons River magnesite deposits in Tasmania, estimated to harbour one of the largest local reserves of the ore.

  • A rocketing opportunity: technical ceramics and SiC take off in aerospace

    21 May 2016

    Boeing developing a CMC nozzle; NASA using SiC CMC components; minerals in aerospace – a growing opportunity?

  • Mineral health check – what do Q1 results say about the state of the industry?

    21 May 2016

    IM looks at first-quarter performances of the leading industrial mineral companies and what the financials say about the state of the sector.

  • Crude steel production continues to slide globally

    20 May 2016

    The latest crude steel figures for April from worldsteel show another y-o-y production decline. Oversupply and fierce price competition in the sector have resulted in another drop in capacity utilisation for the largest refractories end market, while worldsteel's recent downward revision of its steel growth forecast adds to the uncertainty.

  • Magnesita's losses worsen in Q1

    16 May 2016

    The refractory manufacturer saw a decrease in sales, profits and net income in the first quarter of the year amid persistent weak conditions in steelmaking, as it seeks to contain costs and limit spending.

  • IFGL Q1 2016 results

    16 May 2016

    India's IFGL Refractories Ltd, the specialised refractories producer, today released its FY2015 results, which demonstrate the impact of the steel slowdown.

  • RHI Q1 2016 results

    13 May 2016

    RHI Q1 results show that the group has moved to optimise its operations. It is buying cheap magnesia on the Chinese market and using its own, higher-quality product for its own steel output. The results also highlight the falling prices in refractory raw materials an the impact of a sluggish steel market.

  • Vesuvius bets on restructuring amid weak performance

    12 May 2016

    Restructuring remains a core focus of Vesuvius’ strategy for the rest of the year as market conditions for both its foundry and steel divisions remain difficult, the company stated in a trade update today.

  • Martin Marietta posts record magnesia sales in Q1

    06 May 2016

    Martin Marietta posted record turnover and net earnings in the first quarter of 2016 on the back of increased revenues in its aggregates and cement businesses, as well as an important contribution from a strong-performing magnesia operation.

  • Nigeria harbours billions worth of mineral resources

    04 May 2016

    Authorities estimate the West African country could amass almost $25bn per year if it taps into its extensive mineral resources including magnesite, limestone, diatomite, ilmenite, rutile and many others.