Regulation latest news

  • February 2015

    Tanzania moves closer to soda ash plant construction

    27 February 2015

    Tanzania’s NDC claims that the Lake Natron project has enough soda ash to last 540 years of production, but industry observers have said that the company needs to progress the development further before this new source of material can be factored into global supply figures.

  • Russia’s increasing graphite presence

    27 February 2015

    Supply Update: Weakening rouble benefits domestic graphite interests

  • Potash West takes on 25% of lithium extraction technology process

    27 February 2015

    By investing in an extraction technology, Potash West is opening up possibilities of a technological joint venture with its business partner Strategic Metallurgy.

  • The liquidator, the planner and the owner: Managing restoration default and risk in England and Wales

    27 February 2015

    When a mining company goes into liquidation, there is often a question mark over who will foot the bill for returning defunct mine sites to an environmentally satisfactory condition. Richard Lashmore* looks at the relatively recent case of Scottish Coal and outlines some of the key considerations governing restoration legislation in England and Wales.

  • Sika boosts 2014 sales by 13% amid hostile takeover ructions

    27 February 2015

    The Swiss construction materials firm recorded strong growth in sales last year, thanks to market improvements in EMEA and North America. It is continuing to fight off a takeover bid from Saint Gobain.

  • PANalytical pushes for cost saving technologies in mining depression

    27 February 2015

    Investment in technology needed for optimisation, with XRD and XRF offer better, faster analysis. The biggest opportunities lie in lithium and rare earths.

  • Imerys posts revenue growth for 2014, turns back on spherical proppants

    27 February 2015

    Positive results for energy despite oil price Refractories improve in North America Time to look at new shapes for proppants

  • Liberian barite production halted by Ebola

    27 February 2015

    Shippers and staff shun country in wake of virus, forcing Steinbock barite operation to close as the barite market starting to feel effects of oil price.

  • Oilfield industry urges API to accept lower grade barite

    27 February 2015

    Easing of API standard would extend reserves. Though the Middle East has been clinging to 4.2 SG specification, grade blending set to rise as drillers cut costs.

  • Hitachi Metals signs NdFeB JV with Chinese company

    27 February 2015

    Hitachi to open production base in China with 2,000 tpa NdFeB at start-up.

  • Rare earth magnet subsidies contributeto oversupply

    27 February 2015

    Regional subsidies have been described as “unfair” with policy compounding oversupply.

  • Price Briefing 20 – 26 February

    27 February 2015

    China seeks to keep potash prices down; graphite prices set for downward revision; zircon to remain flat

  • China seeks to keep potash prices at 2014 lows

    27 February 2015

    Sinofert pushed Canpotex to maintain $305/tonne price agreed last year

  • RHI posts good 2014 financials, despite overcapacity

    27 February 2015

    RHI will reduce output on weaker demand with FM and CCM production both facing cuts, while 2014 results are expected to be flat year-on-year

  • Profits drop for IFGL and Orient Refractories

    27 February 2015

    IFGL continues to defy market weakness and the Indian steel industry still offers growth. Orient Refractories’ earnings decline however.

  • Financing and industry consolidation among themes to dominate PDAC 2015

    27 February 2015

    As the North American mining industry gears up for this year’s PDAC meeting in Toronto, Canada, IM spoke to Tom Hayes at Edison Research to identify the main themes expected to lead debate at the conference.

  • Zircon prices expected to remain flat in near term

    27 February 2015

    Stability in China keeps market level but upcycle predicted

  • Vein graphite industry succumbs to market depression

    27 February 2015

    Sri Lankan output falls as graphite industry tackles demand downturn and adverse production conditions.

  • Tronox titanium slag exit curtails 2014 sales but acquisitions give strong outlook

    27 February 2015

    As expected, Tronox's exit from the titanium slag market hit its 2014 results. However, the acquisition of Alkali Chemicals from FMC and the construction of its Fairbreeze mineral sands mine are expected to add around $200m onto the group's adjusted EBITDA in future results.

  • IM Graphite News in Brief 20 – 26 February

    27 February 2015

    Focus receives interest from FLSmidth and reports promising results for Lac Knife spherical graphite; Great Lakes launch new division; Manchester uses graphene to zap cancer stem cells.

  • Proppant demand in oil wells healthy despite diving oil price

    26 February 2015

    The plunging price of oil appears to have had little effect on the demand for frac sand proppants. However producers are being circumspect about the future and unwilling to make any predictions in light of uncertain conditions in the market.

  • DuSolo to purchase extra phosphate rock from local Brazilian producer

    26 February 2015

    By purchasing lower value phosphate rock from a local producer, DuSolo will be able to cut its high-grade product to create DANF, a fertiliser claimed to be locally popular by the company, at a lower cost. The economics of its recently-started extraction operation are therefore expected to improve.

  • Solvay results put polymers in the lead as rare earths lag

    26 February 2015

    Yet again, speciality polymers have taken centre stage in Solvay's results, showing strong quarterly and yearly peformance. Although rare earths sales were down year-on-year, the advanced materials division still registered robust financials.

  • South Boulder upgrades potash resource by 19% to 1.29bn tonnes salts

    26 February 2015

    With South Boulder’s PFS due for completion this month, the company has again upgraded its already large potash resource. By targeting SOP instead of MOP, South Boulder hopes to take advantage of higher sales prices.

  • Legislators in Botswana call for mandatory local mineral beneficiation.

    26 February 2015

    Botswana is home to Botswana Ash, one of the world's significant soda ash producers. Although the company has said that it already upgrades its minerals locally, and will be unaffected by the legislative changes, the country's government wants more to be invested in research and development.

  • TOR Minerals to limit rutile production and focus on alumina

    26 February 2015

    TOR Minerals said in its full year 2014 results that it is shifting its focus to alumina as the depressed TiO2 pigment market continues to hold back the company’s performance. Closing a portion of the synthetic rutile plant will prop up the TiO2 division until demand improves.

  • Eriez releases handheld metalworking coolant analyser

    26 February 2015

    Machinery can be damaged by sub-optimal fluid concentrations, which may lead to over-spend on excessive additive contents. Eriez hopes to fix this with its portable analysers, which can be used to check quickly if corrective action on fluid compositions is needed.

  • Imerys shuts US proppants plants in wake of plummeting oil price

    26 February 2015

    The France-headquartered industrial minerals conglomerate has been aggressively stepping up its presence in the oilfield mineral markets in the last year, but the recent drop in world oil prices may make this a costly decision for the company.

  • Dry bulk shippers file for bankruptcy as market continues to tank

    26 February 2015

    At least three dry bulk operators filed for bankruptcy in February as shipping rates remain near historic lows – a worrying sign of weakness for global commodities trading.

  • Bauxite & Alumina 2015: Why Guinea is not exporting bauxite

    25 February 2015

    With potential resources of 100bn tonnes according to AMC Bauxite, it is surprising that the Republic of Guinea is not exporting any of its material, given the decline in Indonesian shipments and China’s growing demand. A closer look at the industry reveals that regulatory issues and logistical challenges are preventing Guinean bauxite from being developed further.

  • IM Agriminerals News In Brief 18 - 25 February 2015

    25 February 2015

    Yara completes Danakil potash feasibility study; South Boulder submits second group of environmental assessment papers; Highfield Resources upgrades mineral resource estimate.

  • Plunging fluorspar prices weigh heavily on South African miners

    25 February 2015

    Excessive stockpiles with limited demand, which is causing prices to drop, is leaving South African fluorspar miners in flux with investors’ interest waning.

  • US Silica Holdings publishes bumper 2014 results

    25 February 2015

    US Silica Holdings' 2014 results puts it on track to realise its ambitious growth plans. The group is planning to double its EBITDA by 2017 through increasing capacity, improving transportation, making acquisitions and increasing its pricing.

  • IM Lithium News In Brief 18 - 25 February 2015

    25 February 2015

    BASF forms Li-ion joint venture with Toda Kyogo Corp.; Samsung acquires Canada-based battery supplier; Asahi Kasei Corp. purchases Polypore International's energy storage business.

  • FMC sells soda ash business to Tronox for $1.64bn

    24 February 2015

    Tronox covets organic chemicals leadership while FMC focuses on high growth markets.

  • African mining is a long term investment – Merrill Lynch

    24 February 2015

    Africa is home to large, untapped mineral resources but investors need to be in the continent for the long game, according to commentators at Mining Indaba 2015.

  • South Africa’s failing power supply a “major issue”

    24 February 2015

    A lack of reliable electricity supply in South Africa is severely hampering the nation's mining industry and the situation looks far from being resolved as local power supplier Eskom tries to stave off bankruptcy.

  • Mining industry must adapt to Ebola, Indaba delegates warned

    24 February 2015

    Although the Ebola epidemic is easing, the disease cannot be stamped out while there is a reservoir in nature and mining companies must learn to deal with the risk.

  • Quartz Corp: HPQ demand slowing

    24 February 2015

    Markets focus on higher quality products to provide consistency key for end-users, while semiconductors are of growing importance.

  • Mining is broken, but data analysis can help fix it

    24 February 2015

    Automation key for industry, says Rio Tinto and data monitoring will aid transparency, but there is a need for stakeholder engagement.

  • Grande Cote life expectancy extends to 2043 following resource increase

    24 February 2015

    A feasibility study has doubled the life expectancy of the Grande Cote Mineral Sands project in Senegal, making it a long term supply option for operator, Tizir.

  • Indian mining industry looks up to Budget 2015

    24 February 2015

    The Union Budget of 2015-2016 might bring some relief to mineral export duties, though MMDR 2015 will be tabled sans changes

  • “We will be saying goodbye to Ebola in the near future” – Sierra Leone presidential advisor

    24 February 2015

    Ebola is becoming less of a problem, and will soon be wiped out, according a panel speaking at the Parliamentary Estate in London, today. While Sierra Leone’s GDP has taken a hit from both falling commodity prices and the disease, the future is less bleak than might be imagined, attendees were told.

  • Tantalus CEO: rare earths projects should be assessed by magnet potential

    24 February 2015

    According to Tantalus Rare Earths AG, the rare earths community should not be examining projects based on their heavy versus light rare earths balance but on their content of rare earths used in magnet production.

  • Agrium potash volumes slashed by plant outage but results hold firm

    24 February 2015

    Agrium's planned outage of its Vanscoy potash facility hit its fourth quarter earnings by $50m, as expected. However improvements in price and margin in phosphates as well as crop protection salvaged the full year results. The CEO Chuck Magro has taken on short term pain in favour of long term gain as they plan to ramp up potash production by 1m tpa in the first half of 2015.

  • Speciality products deliver robust 2014 financials for Elementis

    24 February 2015

    The global chemicals maker which supplies the coatings, oilfield and personal care markets recorded a 4% increase in pre-tax profits, despite uneven geographical growth in its main industrial end markets and difficulties in the oilfield sector, suggesting the resilience of Elementis’ innovation strategy.

  • Base Resources loss widens to A$10.2m for six months to December

    23 February 2015

    The Australian company has sought to dismiss the wider loss by pointing to successful ramp up activity at its Kwale mineral sands project in Kenya, but did acknowledge pressure in the global ilmenite market and said that a potential uptick in zircon prices hangs on producer discipline.

  • Grafoid wins $8.1m grant to develop one-step graphene process

    23 February 2015

    Canadian tech company Grafoid has an $8.1m grant to put towards developing and commercialising graphene. Its one step process will simplify production, allowing graphene potential entry into the military, biomedical and even sporting space.

  • Chinese TiO2 market improving, says Henan Billions

    23 February 2015

    Henan Billions is closing in on its ambition to be one of China’s largest producers and exporters of TiO2. While the company is benefitting from low feedstock prices and a competitive advantage over Western suppliers, extra capacity on the global pigment market is a concern for an industry already under pressure.

  • Pure Energy begins seismic survey on Nevada lithium prospects

    23 February 2015

    The seismic survey will help the company ascertain the extent of lithium brines at its Clayton Valley project as it moves to fast track development of the site.

  • IM Rare Earths News In Brief 17 – 23 February

    23 February 2015

    Northern Minerals receives nearly A$50m from Chinese company; Pele Mountain shifts further towards monazite recycling; Elissa secures C$750,000 in funding.

  • Kenmare Resources halts redundancies at labour minister's behest

    23 February 2015

    Redundancy plans at Kenmare Resources' mineral sands plant in Mozambique have been put on ice following the intervention of labour minister, Vitoria Diogo. The Ireland-headquartered business will now have to wait until further meetings with the trade union committee before it can pursue its cost-savings programme.

  • Fluorspar prices remain under pressure

    23 February 2015

    Market uncertainty continues to weigh adversely over acidspar and metspar prices

  • Chinese New Year pulls graphite prices to new lows

    23 February 2015

    Flake graphite prices down by 11%; amorphous and vein markets stable

  • ISACC soda ash and calcium carbonate plant gets green light

    23 February 2015

    The ISACC soda ash and calcium carbonate factory now has the go-ahead from the Royal Commission in Yanbu. Once on stream in 2018, the plant should supply the MENA region with soda ash and calcium carbonate, taking the pressure off Turkey.

  • Kerneos strengthens position in Greece through S&B bauxite business purchase

    20 February 2015

    The sale allows Kerneos to potentially add an additional 1m tpa bauxite sales to its portfolio, which, coupled with its investment in fellow Greek bauxite supplier Elmin, will enable Kerneos to increase exports of the mineral to the metallurgical and construction industries.

  • India ilmenite producers hope for abolishment of 10% export tax

    20 February 2015

    India's 10% ilmenite tax has meant that cost effective exports of the product have been impossible in recent times. Indian producers hope this may change in the upcoming Union Budget, but it is questionable whether the international market need more ilmenite when prices are already bearish.

  • Israel Chemicals strikes cripple bromine and potash operations

    20 February 2015

    Strikes are once again blighting Israel Chemicals’ bromine and potash operations, which are undergoing substantial reform and streamlining owing to looming tax changes. If industrial relations do not improve soon, the company may be forced to shut other feedstock-supplying factories.

  • Altech completes plant simulation phase of HPA project BFS

    20 February 2015

    The company is hitting the necessary milestones to bring its HPA plant online and expects its BFS to be completeted by the third quarter of this year.

  • Price Briefing 13 – 19 February

    20 February 2015

    Prices for antimony, barite and graphite flat to weak over Chinese New Year

  • Growth markets for new fertilisers

    20 February 2015

    As a raft of new sulphur deficiency-addressing fertilisers hit the international market, IM examines the reasons for their emergence, and the future of the specialist crop nutrient industry.

  • Antimony prices stable for Chinese New Year

    20 February 2015

    Latest falls in ingot price steady ahead of holiday period

  • Iluka to bring synthetic rutile back online after demand picks up

    19 February 2015

    The mineral sands producer idled production of synthetic rutile in 2013 after low demand meant production could no longer be justified. Over the last year, Iluka has seen a revival in demand as sales from its stockpiles have grown at a steady rate and are expected to continue growing. Production for zircon and rutile are also anticipated to rise over the next year.

  • IM Graphite News in Brief 13 - 19 February

    19 February 2015

    PlasCarb to make graphene from waste; Archer and Valence make progress in Australia; Zenyatta tentatively optimistic on Albany's battery potential

  • Intrepid Potash produces record volumes, net earnings still lacklustre

    19 February 2015

    Increased US freight costs appear to have derailed Intrepid’s bid for higher net incomes in 2014, despite producing and selling record potash volumes.

  • Vale potash production misses 2015 mark; facility improvements push phosphate up

    19 February 2015

    The miner's potash mine depletion is evident in the dip in production, which is likely to fuel Vale's efforts in bringing another potash facility online. However, corrections and maintenance at its phosphate facilities increased output in its fertiliser mineral division.

  • MZI Resources begins Keysbrook construction on schedule

    19 February 2015

    Construction engineers have been deployed to the Keysbrook Mine Site to build a road and a heavy minerals concentrator. At this stage in the activities, all is running to schedule for completion in December 2015 when an expected 96,000tpa of mineral sands will come onstream.

  • BDI falls to historic lows

    19 February 2015

    Dry bulk shipping rates fell to all time lows last week and continued to fall this week, adding to bearish sentiment in the commodities trading sector.

  • Philippines dry bulk port construction starts

    19 February 2015

    Bataan port expected to handle silica sand, fertiliser and cement minerals from 2016 to help supply one of Asia's fastest growing economies.

  • Huntsman loses $38m in fourth quarter but posts strong full year adjusted EBITDA

    18 February 2015

    Huntsman lost $38m in the fourth quarter but is positive about future possibilities. It intends to deliver $130m of synergies as it integrates the Rockwood business.

  • Fluorspar Price Tracker: February 2015

    18 February 2015

    IM Data outlines the key acidspar price trends seen in H2 2014

  • CRP rules out legal challenge, looks to reapplying for marine consent

    18 February 2015

    A legal challenge is no longer being considered by Chatham Rock Phosphate, which is now looking to resubmit its request for marine consent. The company’s stock suffered heavy losses after the negative decision last week, and CRP said it will not pursue reapplication unless certain conditions are met by the EPA.

  • Vietnam’s Nui Phao fluorspar project: a success story?

    18 February 2015

    Despite developing a state-of-the art mining facility and sending out small samples of fluorspar, questions remain over whether Masan Resources will succeed as a major fluorspar supplier amid challenging market conditions in 2015.

  • Innophos phosphates revenue chips at full year results

    18 February 2015

    The declining PPA volumes in the US did have an effect on Innophos' sales of specialty phosphates. However the impact has not been huge and the group's overall results showed only 1% sales drop.

  • SME 2015: Time to move on from spherical proppants in fracking, says Imerys

    18 February 2015

    Global industrial minerals leader Imerys believes that current spherical proppant technology has reached its full potential and that research is now likely to start examining different shaped proppants in fracking to enhance conductivity.

  • Graphite Price Tracker: February 2015

    18 February 2015

    IM Data outlines the key flake graphite price trends seen in H2 2014

  • SME 2015: PANalytical pushes for cost-saving technologies in mining depression

    18 February 2015

    Mining companies facing lower mineral prices and rising costs are often inclined away from investing in new technologies, but European X-ray analysis specialists PANalytical say that taking advantage of cutting edge products can bring significant cost benefits in the long run.

  • Iluka posts $62.5m loss in troubled TiO2 market

    17 February 2015

    A weak performance by the Australian minsands miner was not unexpected given the strained conditions in the wider TiO2 industry, but Iluka insists that it is poised to benefit when the pigment market starts to recover.

  • Profits for IFGL and Orient Refractories drop in India

    17 February 2015

    Two of India’s major refractories producers – IFGL Refractories and Orient Refractories – struggled to report positive results for the quarter ending December 2014, bearing the brunt of lower industrial demand and sluggish growth in the global steel industry.

  • India opens tenders for barite mining in Mangampeta

    17 February 2015

    Legislation to provide Indian drilling grade baryte appears to have been successful as the Andhra Pradesh Mineral Development Corporation has issued tenders for Baryte mining concessions.

  • ICL strikers threaten to shutdown company's south Israel operations

    17 February 2015

    Striking workers at ICL have upped their game by threatening to shut down the Israeli company's southern operations entirely. ICL meanwhile has stuck to its line that it cannot keep an unprofitable plant open.

  • Kenmare: Compulsory redundancies expected at Moma TiO2 mine

    17 February 2015

    Continued weakness in titanium dioxide prices are eating into Kenmare’s margins. The mineral sands miner is now examining compulsory redundancies at its Moma mine to sustain its operations.

  • USG Corp. profits down 19% in 2014 as impairment and pension charges bite

    17 February 2015

    The long term outlook appears rosier for USG, despite a decline in 2014 profit, which was mostly caused by non-recurring balance sheet items.

  • Bintulu capex spend hits Q4 net profit but revenues remain strong

    17 February 2015

    Bintulu Port Holdings invested heavily in capex over the fourth quarter, hitting its net profits by around 30%. However the group's construction activities and ongoing cargo handling, which include alumina and fertilisers, has supported sales. The management expects this to continue into 2015.

  • Orbite receives $4.5m grant to transform red mud into feedstock

    17 February 2015

    Orbite is developing technology to transform alumina and coal by-products red mud and fly ash. A grant will give this initiative legs, and possibly lead to a roll-out of this environmentally-friendly processing technology in other industries.

  • Chinese TiO2 production leaps on greater competitiveness

    17 February 2015

    China’s efforts to concentrate its titanium pigment production into the hands of a few large companies has resulted in more upgrading of material and enhanced bargaining power on the global export market, leading to a jump in output and international sales despite a relatively flat worldwide demand.

  • SME 2015: Mining is broken, but data analysis can help fix it

    17 February 2015

    As ore grades drop, investment in resource development is harder to come by, communities lose faith and projects are put on hold. Data monitoring and automation can help turn the mining industry around.

  • Sika shareholders resilient over takeover resistance

    16 February 2015

    The fresh vote of organised support comes on top of last week’s court ruling in Zurich, which refused, to lift voting rights restrictions, which would have allowed the merger to proceed automatically under Swiss law and makes the takeover look increasingly unlikely.

  • Chinese drilling grade barite price falls by $5/tonne

    16 February 2015

    Drop linked to seasonal downturn, oil prices and alternative sources

  • IM Rare Earths News In Brief 10 – 16 February

    16 February 2015

    Alkane’s Dubbo project recommended for approval; Greenland Minerals and Energy upgrades Kvanefjeld resource; Commerce Resources operates pilot plant; illegal rare earths operator fined and imprisoned in China.

  • Limited demand continues to weigh on graphite price recovery

    16 February 2015

    Graphite price review: Limited demand for flake graphite fails to bring any uptick in prices despite seasonal closures before Chinese New Year; vein graphite prices remain steady, while the spherical market fails to create much demand

  • Mexichem opens new PVC plant in Guatemala

    16 February 2015

    The expansion is in line with Mexichem’s strategy to extend its PVC brand - Amanco’s - presence in the Latin American market

  • Thailand acidspar exports register three-digit growth

    16 February 2015

    Downloadable graph: Trade statistics reveal 184% y-o-y rise in acidspar exports from Thailand last year, making the country another significant contributor outside of China

  • Tri-Star resources nets $70m financing for Oman antimony trioxide project

    16 February 2015

    Tri-Star Resources has overcome the penultimate hurdle in the construction of its 20,000tpa roasting project in Oman. The joint venture consisting of Tri-Star, the Oman Investment Fund and Castell Investments has received $70m financing, $40m of which is from Bank Nizwa. Now the JV needs the permit from the Omani government, before it can crack on with its 18-24 month construction timeframe.

  • Imerys posts strong 2014 results, commit to pursuing growth in new areas

    13 February 2015

    As the world’s largest and most diverse industrial minerals producer, Imerys’s results are always a good litmus test for the industry. These are strong results, and indicate that demand is returning to traditional markets, but the company continues to innovate and expand into novel sectors despite several headwinds.

  • Price Briefing 6 – 13 February

    13 February 2015

    More gloom for TiO2 as rare earths remain unmoved and Mosaic reports good Q4 for fertiliser mineral prices

  • Fluorspar price rebound remains sluggish

    13 February 2015

    Fluorspar price review: New capacities add to existing stockpiles, putting downward pressure on prices

  • Port Metro Vancouver shifts record volumes of potash, salt deliveries delayed in New Jersey

    13 February 2015

    Potash exports from Port Metro Vancouver reached record volumes in 2014, reflecting record worldwide demand for the year. Meanwhile, salt logistics are under strain in the north east of the US, where Morton Salt is struggling to deliver its products fast enough owing to continued snow events.

  • IM Agriminerals News In Brief 6 January – 13 January 2015

    13 February 2015

    Yara International seeks equity partner for $740m potash project; Fertoz and Vast Resources enter JV to supply and distribute phosphate in Australia; K+S records equipment delivery for its Legacy potash project; Rajasthan aims to lower fertiliser overuse.

  • Mining Indaba ’15: There is no new China to come on stream

    13 February 2015

    Miners are coming to terms with the need to adjust to new supply-demand fundamentals as Chinese consumption slows and no other emerging economy looks in a position to fill the void. While headline demand indicators like iron prices ore are expected to suffer, some believe that speciality minerals such as graphite, lithium and rare earths may be cushioned by new and expanding pockets of growth, although access to funding remains tough across the board.

  • Mining Indaba '15: No recovery for TiO2 mineral prices anticipated in 2015

    13 February 2015

    Industry observers believe strong market fundamentals could see prices pick up early next year

  • IM Graphite News in Brief: 6-12 February

    12 February 2015

    Energizer Resources releases positive FS; Berkwood Resources announces helicopter-borne magnetic and time-domain electromagnetic survey results; Archer Exploration Ltd extends Wilco South graphite deposit by 1.1km.

  • Rio Tinto underlines optimistic outlook for minerals in 2014 results

    12 February 2015

    Rio Tinto has spent the last 12 months optimising its supply of TiO2 to match bearish market conditions, while slowly ramping up borates production. The company continues to operate with some optimism when looking to 2015, but cautions that it expects production remain flat in the medium term.

  • Huntsman to cut European TiO2 capacity by 100,000 tpa

    12 February 2015

    Last year the TiO2 producer said that it would look at capacity reductions in response to low market demand, after it cut 900 jobs as part of a cost saving programme. Today, Huntsman has confirmed it will cut 13% of total capacity by shutting down European operations for additional cost savings, indicating that it does not see market recovery on the horizon any time soon.

  • Sika permitted to enforce 5% voting right limit on Saint Gobain deal

    12 February 2015

    A Swiss court has ruled that all Sika shareholders are subject to a maximum 5% voting right limit. The decision means that Saint-Gobain will not be permitted to take a 16.1% stake in the company with 52.4% voting rights unless it overturns the court’s decision. The move is a victory for Sika in a case that has divided the shareholders of the Swiss chemical company, and may force Saint-Gobain to examine other ways of acquiring the business.

  • Tantalus CEO: rare earths projects should be assessed by magnet potential

    12 February 2015

    The idea that projects in the rare earths industry should be assessed based on their content of perceived high value, end use specific rare earths is not new. By drawing the line between magnetic and non-magnetic rare earths, Tantalus’ CEO, Thomas Hoyer is still dividing rare earths by their physical properties.

  • AkzoNobel revenue drops 2%; hit by currency fluctuations and divestments

    12 February 2015

    Paints and coatings producer AkzoNobel saw its revenue fall in 2014. However, this was mainly due to currency headwinds and divestments as it saw healthy growth in sales volumes – gains which should be passed on to producers of raw materials such as TiO2, ruile and ilmenite.

  • Mining Indaba '15: Bad management has deepened the mining crisis

    12 February 2015

    Poor planning and execution have added to the woes of mining companies and explorers already battling with low mineral prices and slack demand - a trend that is also hurting the services sector and eroding investor trust.

  • Hitachi Metals signs JV with Chinese producer to meet growing NdFeB demand

    12 February 2015

    EVs are predicted as a substantial source of future growth by Hitachi and its new Chinese JV partner BZKSH. With a start-up production of 2,000 tpa sintered NdFeB magnets, the companies hope that the agreement will allow them to meet this demand increase.

  • Mining Indaba '15: Redox batteries could be game changer for vanadium market - Bushveld

    11 February 2015

    South Africa-based Bushveld Minerals says that growth potential in the power storage market together with rising standards in the Chinese steel industry could lead to a boom in demand for the speciality mineral.

  • ICL posts strong results despite labour disputes, currency fluctuations

    11 February 2015

    ICL has been hitting the headlines for all the wrong reasons of late, as strikes and taxation stories have dominated public imagination. However, this set of results shows a company that has implemented cost savings programmes and is experiencing a rise in demand for its products.

  • OCI Resources posts strong results on increased demand, soda ash prices

    11 February 2015

    The US company has seen a strong year on the back of increased soda ash demand and is expecting to take this into 2015. This runs contrary to FMC’s statement last week, in which it said that soda ash prices were flattening.

  • EuroChem 2014 revenue down as phosphate sales volumes and demand falls

    11 February 2015

    Although the company’s distribution segment saw increased sales volumes, sales from its nitrogen and phosphate segments dropped y-o-y, contributing to lower revenue. However, an increase in phosphate prices at the end of 2014 and positive momentum from the industry is expected to continue into 2015.

  • Trian urges DuPont shareholders to vote its nominees onto DuPont board

    11 February 2015

    Following the nomination of two new members to its board of directors by DuPont last week – none of whom were Trian nominees – the fund management company has advised shareholders to participate in the improvement of DuPont by voting in its more impartial nominees.

  • Qinghai Salt Lake in talks to enter a JV African potash project

    11 February 2015

    One of the largest potash companies in the world, Qinghai Salt Lake’s apparent ambitions in Africa have global significance potential. The company has primarily operated in China until now, indicating that it may be willing to extend operations beyond its domestic roots.

  • Rising phosphate prices double Mosiac Q4 2014 earnings

    11 February 2015

    Opposing influences balanced the performance of Mosiac’s phosphate and potash segments in 2014. While higher phosphate prices were mitigated by a drop in volume, potash’s high volumes were offset by lower prices. The group showed steady growth year-on-year as a result.

  • Syrah Resources signs 80,000 tpa binding offtake agreement with Chalieco

    11 February 2015

    The binding agreement is significant as it shows that a Chinese entity is looking outside of China’s increasingly state-controlled graphite industry and also underlines that the company will be following market pricing quarterly, which demonstrates a move towards a more fluid era of pricing.

  • Yara outlines phosphate expansion plans in strong earnings release

    11 February 2015

    Norwegian fertiliser major Yara is benefiting from falling petroleum prices and plans to expand its SSP production threefold in the coming years with a new phosphate project as well as an expansion at an extant mine.

  • Alkane’s Dubbo zirconia project approval progresses

    11 February 2015

    The PAC-recommended approval for Alkane’s zirconia project in NSW in Australia, subject to certain conditions, is a major milestone for the company. The decision places it well on the way to its planned mine opening in 2017.

  • Fairmount expects positive 2014 revenue after frac sand sales volumes jump 27%

    11 February 2015

    Raw and coated frac sand supplier Fairmount Santrol expects to release a set of strong financial results for full year 2014 at the end of March, following a set of positive sales indicators despite logistical challenges. Though 2015 is likely to be a testing year for proppant suppliers, Fairmont expects to benefit by focusing on short term opportunities and unique technologies to the oil and gas industry.

  • CRP denied marine consent: “We’re not going away, we’re not giving up”

    11 February 2015

    Walking away from the proposition to mine phosphate nodules from the seabed of coastal New Zealand does not appear to be on the mind of Chris Castle, CRP’s CEO. With firm shareholder support, and over $22m already spent on the project, the company is looking into the possibility of an appeal.

  • Compass salt revenues still benefiting from cold 2013-2014 North American winter

    10 February 2015

    Demand for salt in the US has not slowed substantially this winter, despite it being much milder than the last. The company does not expect salt demand to fall substantially in 2015, and predicts that falling oil prices may aid operational expenditures.

  • Martin Marietta posts growth in FY2014 in magnesia, look to strong 2015

    10 February 2015

    Martin Marietta’s speciality materials business arm, which encompasses its magnesia business, only accounts for 9% of its revenue stream. However, the company is the largest producer of dolomitic lime in the country and of synthetic magnesia in North America.

  • Mining Indaba '15: Mining industry must adapt to Ebola

    10 February 2015

    As experts warn that the disease is here to stay, miners and explorers have been urged to adapt to and manage the risk of the disease in the same way they have with other illnesses like malaria.

  • Mining Indaba '15: African mining shifting from transactions to partnerships - Tony Blair

    10 February 2015

    Successful investing in African mining is becoming less of a buy-sell arrangement and more a story of close cooperation and wider reciprocal benefits, according to the former British PM.

  • Energy storage demand will be driven by EV growth – FMC Corp

    10 February 2015

    FMC is one of three global leaders in the lithium market and so any forecasts it makes regarding future demand in this space hold a lot of weight. Interestingly, although the producer believes that energy grid storage demand will grow, it is more cautious in its estimates and is instead looking at the electric vehicle market as being the real demand driver to 2020.

  • Vietnam’s Nui Phao fluorspar project: What next?

    10 February 2015

    Supply Update: Despite developing a state-of-the art mining facility and sending out small samples of fluorspar, questions remain over whether Masan Resources will succeed as a major fluorspar supplier amidst challenging market conditions in 2015

  • BPC potash exports soar by 66% in 2014

    10 February 2015

    The y-o-y increase in exports reported by the BPC is more than just a recovery from the year of 2013 which was tumultuous for potash — the company has exported over 50% more potash in 2014 than it did in 2012, when Uralkali also contributed to sales volumes alongside Belaruskali — now BPC’s sole supplier.

  • IM Mineral Sands News in Brief February 2015

    10 February 2015

    VV Titanium Pigments to invest $16m in Indian coated rutile plant to meet growing demand; Sheffield Resources drilling reveals high grade results at Thunderbirds mineral sands.

  • Heemskrik secures $40m financing for Moberly frac sand project

    10 February 2015

    Heemskrik has received $40m of debt financing for its C$26m Moberly frac sand project. The additional capital will be used to eventually ramp up the plant’s capacity to 600,000 tpa frac sand.

  • IM Rare Earths News In Brief 2 February – 9 Feburary

    10 February 2015

    Texas Rare Earths moves forward on hydrometallurgical testing; Search Minerals completes successful hydrometallurgical scale-up test; Peak Resources receives nearly A$30m in funding for bankable feasibility study.

  • Sika's Burkard family asks Swiss Takeover Board for support in Saint-Gobain takeover

    09 February 2015

    The Burkard family has asked the Swiss Takeover Board to wade into the row over Saint Gobain's hostile merger with Sika. On one side sit the Burkard family shareholders who wish to push through the sale to Saint-Gobain and monetise their shares. On the other side are Sika's management and minority investors, who are against Saint-Gobain assuming a controlling stake in the firm with only a 16.1% holding.

  • Mining Indaba '15: African mining is a long term investment

    09 February 2015

    Africa has lost out on resource funding in the past to rival emerging mining continents like Latin America owing to quick profit objectives by funding groups, but smart investors will recognise the long game potential of African mines, according to participants at this year's Mining Indaba.

  • Excessive rare earth magnets subsidies contributing to oversupply and poor efficiency

    09 February 2015

    Subsidies towards Baotou and Ganzhou rare earths suppliers are skewing the market according to producers based in other cities — they blame the industry’s oversupply and overcapacity difficulties on the turnover-based payments.

  • Low TiO2 prices and demand force Cristal to cut 70 jobs at UK plant

    09 February 2015

    The job cuts are part of a cost cutting programme implemented by Cristal, which, according to local reports, also intends to invest in new technology and improve processing efficiency at the plant as its manufacturing cost position is “unsustainable”.

  • MTI to supply European paper mill with technology that allows more PCC use

    09 February 2015

    Minerals Technologies’ speciality minerals segment did suffer a sales decrease in 2014, but its high-filler precipitated calcium carbonate technology continues to sell well worldwide.

  • Uralchem phosphate production falls 90% in 2014

    09 February 2015

    The temporary closure of the Voskresenek phosphate plant is unlikely to be forgotten in Uralchem for a while, with phosphate production substantially lower — a factor that will certainly feature in the company's full year 2014 financial results.

  • Mining Indaba ’15: South Africa’s failing power supply a “major issue”

    09 February 2015

    One month after South African mining firms lobbied government to resolve the power supply issue in South Africa, IM reports that these are ongoing and a hot topic at Mining Indaba. With the world watching this week during what is one of the largest events on the mining calendar, it is up to the government to deliver on promises to rectify the issue of South Africa’s flagging supply.

  • M-I SWACO’s barite mine proposals to go public

    09 February 2015

    Schlumberger’s subsidiary, M-I SWACO, is looking to replace existing production from its Foss mine with a new mine in Duntanlich, Scotland, which will potentially triple its existing capacity and fulfil projected barite demand from the UK for the next 50 years. However, with the recent opposition to fracking by Scotland and Wales, demand from the UK is becoming less certain.

  • Galaxy lease Mt Cattlin lithium mine to General Mining Corp for $1.95m pa

    09 February 2015

    Galaxy’s focus for now is on attaining financial stability. The company has already agreed to sell its Chinese plant to Tianqi, now it is giving General Mining the option to buy its spodumene source in Australia for $30m.

  • Uralkali removes equipment from Solikamsk-2 potash mine as flood worsens

    06 February 2015

    The outlook was never particularly rosy, but the signs are that Uralkali is increasingly close to abandoning the mine to the flood. The company’s potash capacity will have fallen by a fifth if this proves to be the result of the situation.

  • Orocobre says that lithium oversupply will not be an issue as it moves towards commercial production

    06 February 2015

    Orocobre is at the last stage of its qualifying process and it is hoping that within a few months it can begin commercial production and become a major global lithium supplier. It says that last year’s fears about lithium oversupply have not come to fruition because it is one of the few juniors to deliver results.

  • Tata post strong third quarter results on soda ash optimisation strategy

    06 February 2015

    Tata’s results are strong in the face of headwinds in the industry. Soda ash markets are starting to come back, so perhaps there is room for the company to bring Magadi back online – however there was no indication on Friday that this was on the cards.

  • DuPont nominates two new directors; rebuffs Trian nominees

    06 February 2015

    Although Trian, one of DuPont’s biggest shareholders, has nominated four new board members – including its CEO Nelson Peltz – DuPont has appointed two other directors to its board, indicating that attempts to cooperate between the two companies have been fruitless.

  • Chinese graphite prices tumble ahead of spring festival

    06 February 2015

    Graphite price review: Underselling of low grade graphite material continues for a quick cash flow

  • Chinese rare earths exports to Japan jump by 50% y-o-y

    06 February 2015

    The fall in export values for rare earths in China despite a 27.3% increase in export volumes highlights the price falls of rare earths observed in 2014. The 2014-opened Batou Exchange has traded over Rmb5bn during 2014, which should pave the way for greater industry and pricing transparency.

  • Slovmag to supply refractories linings to Serbian copper smelter

    06 February 2015

    This is the latest in a suite of agreements that Magnezit has signed which underline its commitment to expanding its reach outside of its operating countries.

  • Acidspar prices to be traded at new lows in Q1 2015

    06 February 2015

    Fluorspar price review: Excess capacities to linger over fluorspar prices throughout the year

  • Fangda Carbon eyes graphite mine in Heilongjiang

    06 February 2015

    The international graphite products supplier has earmarked the Jinduo mine as a potentially lucrative business opportunity, suggesting that the Chinese carbon industry believes in the long term future of the graphite industry, despite the today’s weak demand and prices.

  • Cuadrilla granted additional environmental permits for shale gas exploration in UK

    06 February 2015

    Cuadrilla has been exploring for natural gas in Lancashire for almost four years and this is the second environmental permit it has received for its Lancashire operations. However, despite receiving previous permits for its Preston New Road operation, Lancashire council already deferred its planning permission decision in January, so the company may still have a long wait before extraction takes place.

  • Obama administration ups USGS budget as demand returns

    06 February 2015

    The latest set of figures released from the USGS underpins the different trends in mining across the world, as well as in the US. Obama’s pledge to increase the budget for 2016 in an election year perhaps indicates that mining will form a bigger part of political manifestos going forward.

  • Eagle Materials increases revenues across gypsum board and cement businesses

    06 February 2015

    Rising prices and sales in each business are a positive boost for Eagle, though acquiring CRS Proppants just as the fracking industry began to slow following oil price falls may prove to be less profitable than the company had hoped.

  • China’s mineral cities

    06 February 2015

    Downloadable graph: As Jixi becomes China’s graphite centre, IM Data looks at the country’s mineral hubs

  • Price Briefing 30 January – 5 February

    05 February 2015

    Barite prices tipped to leap on shortages and Indian reforms; rare earths in for settled 2015

  • Wales pledges to fight fracking

    05 February 2015

    The statement by the Welsh government comes just a week after Scotland issued a moratorium on fracking. Although the UK government still supports the shale gas extraction technique, growing pressure from both environmental and health perspectives, lower energy prices, and on a larger scale, the downgrading of shale resources in various European countries mean that the anticipated European shale gas revolution is looking less likely.

  • DuPont meets Trian after push for board overhaul

    05 February 2015

    One of DuPont’s largest shareholders, Trian, has been pushing for a board overhaul and a separation of the company into two separate entities. Although DuPont has vigorously defended its position, the meeting between the two companies could signal a possible compromise.

  • Erin Ventures raises funds for Serbia exploration as demand for borates edges up

    05 February 2015

    While the Erin Ventures’ capital raising alone is not entirely market-significant news, it demonstrates that the borates space is growing and demand is expected to creep up.

  • FMC Corp. records higher minerals revenue and earnings in Q4 2014

    05 February 2015

    FMC has been a leading global producer of lithium and soda ash for several years. With the sale of its soda ash arm it has now concentrated its mineral focus onto lithium which it believes will enjoy an uptake in prices as interest in energy storage picks up.

  • RB Energy presses on with sale of iodine, lithium, facilities

    05 February 2015

    While there are no assurances that RB Energy will find a buyer for its facilities, the fact that it has received some expressions of interest could mean that a larger producer is looking to expand supply, or there could be a new lithium or iodine player on the market soon.

  • US limestone rail line progresses

    05 February 2015

    Texas Medina Line will connect limestone quarry to larger Union Pacific rail network

  • Magnezit Group signs cooperation agreement with Brazil’s Vamtec

    05 February 2015

    The distribution and research agreement forms part of the Russian magnesia and refractory producer’s strategy to build its global presence. By marketing its products in Brazil it is going up against Magnesita, so any impact is likely to be seen in end of year results 2015.

  • Simbol Materials cuts jobs and halts activity at demo lithium plant

    05 February 2015

    Simbol says that it is now seeking investors to help it commercialise its lithium production. However, EnergySource, the provider of its brines, says that it will take a different management team to realise the potential of Simbol’s lithium extraction process.

  • Slowing steel growth threatens fluorspar consumption

    05 February 2015

    End market review: 2015 steel outlook bears bad news for fluorspar suppliers amidst increasing production

  • Old Hickory to increase kaolin and ball clay prices from March 2015

    05 February 2015

    Announcement lags price hikes from rivals in US clay industry

  • Group DF maintains 2014 TiO2 production despite market difficulties

    05 February 2015

    Lower TiO2 demand and political instability hindered some of Group DF’s activities last year, however, its TiO2-producing subsidiary managed to maintain production and fulfil all its contracts. The company now plans to expand its market share by increasing production capacity and product range.

  • CRP anticipates positive permitting decision for offshore phosphate project

    05 February 2015

    CRP’s CEO, Chris Castle, has expressed his confidence in the company attaining marine consent for its New Zealand-based offshore phosphate project. A positive decision could see CRP producing by the end of 2017, which may result in the displacement of fertiliser imports to the country.

  • IM Graphite News in Brief 30 January – 5 February

    05 February 2015

    Graphite used to smuggle cocaine in US; Canadian and Australian juniors issue project updates and outline targets for 2015

  • Group DF restarts sodium nitrate production at Ukraine facility

    04 February 2015

    Central and Eastern European fertiliser and TiO2 mineral producer, Group DF, was hit by a number of difficulties last year owing to political instability in Ukraine and extended shutdowns at some of its facilities. The news that it has restarted a number of fertiliser lines and plans to continue to do so signals a more promising 2015 for the company.

  • Rare earths prices could firm slightly in coming weeks

    04 February 2015

    Market looks set for a more settled 2015 following recent policy upheavals

  • FMC to sell its soda ash business to Tronox for $1.64bn

    04 February 2015

    Alkali Chemicals, the world’s largest natural soda ash producing business, has been sold by FMC to Tronox. Tronox is hoping to become a leader in the inorganic chemicals market while FMC is using the sale to pay for its investments in agricultural supplies.

  • Sika send mail warning to Saint Gobain

    04 February 2015

    Sika is resolutely against the Saint Gobain takeover and the latest action shows that it is using all resources in its power to throw more obstacles in the way of the takeover. Saint Gobain has said its piece – it believes it can operate Sika as a satellite operation, but whether it will get the chance to is another matter.

  • Tests demonstrate Fairmont technology reduces shale oil production costs

    04 February 2015

    Recent field tests have demonstrated that Fairmont Santrol’s Propel SSP transport technology is able to increase fracking efficiency and decrease the cost per BOE – a particularly timely development in the industry at time when low energy prices are forcing oil and gas producers to curb spending and cancel less lucrative projects.

  • Chemtura hikes Asian bromine prices by a fifth

    04 February 2015

    Increase not expected to improve cash flow; demand conditions firming in China

  • China’s Jixi Mining Exchange offloads nine graphite mines to private interests

    04 February 2015

    The Heilongjiang government’s decision to relinquish state-owned mining rights into private hands is a significant step in China’s attempts to develop its graphite and other mineral sectors, while BTR Energy’s acquisition of a graphite processing plant in Jixi will accelerate spherical graphite production in the region.

  • Great Quest updates Mali phosphate project PEA

    04 February 2015

    A cost-streamlined and reconsidered PEA places Great Quest in firm stead for further development of its Tilemsi project, though the distance between the mine and the planned processing plant may pose a challenge to the company.

  • Victory Nickel announces 11m tonne frac sand resource

    03 February 2015

    Following work at the company’s Bear Coulee silica sand property, Victory is now able to put together an NI 43-101 report based on the 11m tonne estimate. However, the news comes in the same week that Wisconsin’s DNR has approved a review the effects of frac sand mining.

  • Wickbury invests in Zimbabwean vermiculite

    03 February 2015

    After struggling to penetrate export markets, Wickbury is planning to sell internally-expanded vermiculite to domestic customers. The company plans to sell the product in hardware stores throughout Zimbabwe.

  • South Boulder establishes technical review committee for Colluli potash PFS

    03 February 2015

    A review of some of the key elements of the prefeasibility study should result in a more rigorous analysis of the deposit and its exploitation potential, preparing the company more for its upcoming definitive feasibility study.

  • Hi-Crush “exceptional” 2014 results unaffected by low oil prices

    03 February 2015

    Although lower oil and gas prices are fast becoming a cause for concern for proppants producers, Hi-Crush's results show that demand for frac sand is still strong. With much of its sales agreed via long term contracts, it may be at least a year before any effect of the falling oil price is seen.

  • Vessel capacities to double after Jordanian fertiliser port expansion

    03 February 2015

    JPMC is continuing its outward-looking expansion programme, which, in partnership with the APC, will increase Jordanian exports of agriminerals. Sulphur imports meanwhile, could increase, according to JPMC’s chairman.

  • Owens Illinois point to currency headwinds in 2014, but glass markets still strong

    03 February 2015

    Trends displayed by the world’s largest glass container manufacturer are to be closely watched by the industrial minerals markets which service this market. It is interesting that O-I believe that demand is expected to remain strong, despite some headwinds, as this spells good news for soda ash, borates and silica sand producers.

  • Tronox rumoured to be near to closing $1.5bn deal for FMC’s soda ash business

    03 February 2015

    FMC is a major global supplier of soda ash, posting good results last year after positive optimisation and higher sales in this sector. However with soda ash pricing forecasts flat in the near-term, a divestment of its soda ash business will enable the company to cut debt after a previous acquisition.

  • MIIT ask refractories industry for its opinion on standard conditions

    03 February 2015

    The move by MIIT to solicit opinions from refractories companies in China comes after the governmental body already set a deadline for the implementation of its conditions, so it is difficult to gauge what impact the feedback will have on the final set of conditions. It is important to note that the body is pushing transparency however.

  • FLSmidth completes Cembrit divestment

    03 February 2015

    The divestment concludes FLSmidth’s divestment of building material companies and will allow the technology firm to focus on its core assets, particularly at a time when mining capex is expected to be low for at least the next year.

  • AlF3 overcapacities continue to stunt fluorspar demand

    03 February 2015

    End market review: New capacities see producers struggling to clear stockpiles; production likely to fall

  • IM Rare Earths News in Brief 26 January – 2 February

    02 February 2015

    Spectrum face up to market reality; Matamec confirm JV with Quebec government

  • Orocobre moves to commercial ramp-up of Argentina lithium plant

    02 February 2015

    Orocobre thinks it can become a major global lithium supplier just in time for an upsurge in demand for the mineral. But first, it must wait until customer feedback allows them to complete the necessary four-year qualification process.

  • Kenmare rumoured to be in final talks with Iluka

    02 February 2015

    Rumours regarding the takeover of the Irish miner have circulated for months. However, with reports that Kenmare is close to a refinancing deal to pay its debt, some sources are suggesting that a takeover of the company by Iluka is nearing completion.

  • Indian barite prices could jump to $230/tonne following mining reform

    02 February 2015

    Shortage of high grade material may prompt acceptance of lower grades to dodge higher costs

  • Chevron to pull out of shale gas exploration in Poland

    02 February 2015

    Disappointing shale gas discoveries together with low energy prices and poor financial results for the company have resulted in Chevron halting its activity in Poland, dashing hopes for the creation of a new energy hub in Eastern Europe.

  • PhosAgro phosphate sales lag y-o-y increase in 2014 production

    02 February 2015

    PhosAgro has forecast a positive 2015, having seen the highest demand growth in domestic, Indian and Brazilian markets in 2014.

  • Preferred Sands sells Hanson Lake frac sand facility

    02 February 2015

    The sale of Preferred’s Saskatoon facility underline its low cost of production from its Wisconsin plant, but also some nervousness within the frac sand community as projects are highlighted for their diversity in markets aside from hydraulic fracturing.

  • ICL completes divestment of paper chemical and water treatment business

    02 February 2015

    As the company works to strengthen its core business, news that striking workers have brought its bromine operations to a halt underline the fractious relationship between the company, its workers and the government.

  • Molycorp reports higher production from Mountain Pass, but share price continues to slip lower

    02 February 2015

    Despite the US miner underlining strong market demand for its light rare earths, shares continue to slip. Molycorp faces being removed from the NYSE unless it can turn its fortunes around in the next six months, but it remains to be seen what it can possibly do to boost its share price in light of the weak market conditions.

  • Galaxy agree to sell China-based lithium plant to Tianqi for lower price

    02 February 2015

    Galaxy has opted to sell its Jiangsu plant for a lower price after renegotiations with Tianqi. Galaxy is hoping that the deal can provide them some financial stability after several troubled years and the lower price exemplifies how much the company needs to make the sale of what was once their proudest asset.

  • Vein graphite industry underperforms amidst gloomy market conditions

    01 February 2015

    Supply update: Sri Lankan output falls as graphite industry tackles demand downturn and adverse production conditions