-
South32 Limited, the world’s leading manganese mining company, has entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile as part of its efforts to reshape its business portfolio, according to its press release on October 14.
-
Despite the heated discussion in the overseas market about the financial matter of Evergrande Group, China’s second largest property developer, and the concerns about the ripple effect on China’s property market and steel demand, China’s domestic steel market sources appeared rather calm, anticipating whatever adverse impact on this individual case will be contained and managed.
-
Since January 1 this year, Tianjin Port (Group) Co, the company managing the leading port in North China’s Tianjin municipality, has seen total cargo throughput exceed 300 million tonnes and its container handling volume reach 13.5 million TEUs as of August 24, both on-year record highs, according to a post on the group’s official Wechat account.
-
BHP, a leading ferrous and nonferrous mining company in the world, has signed a long-term nickel supply deal with the world’s largest electric car manufacturer Tesla for the latter’s battery production, BHP shared on July 22.
-
Note:
South32’s financial year runs from July to June.
Unless otherwise noted: percentage variance relates to performance
during the financial year ended June 2021 compared with the financial year
ended June 2020 (YoY) or the June 2021 quarter compared with the March 2021
quarter (QoQ); production and sales volumes are reported on an attributable
basis.
Source: South32,
-
Jingye Group (Jingye), a privately-owned rebar maker headquartered in North China’s Hebei province, is mulling acquiring part of the assets under UK-based Liberty Steel, or the second steel project in the European country after its takeover of British steel in March 2020 in order to enhance its presence in the European market, a UK-based source that is close to Jingye shared.
-
Note:
South32’s financial year
runs from July to June.
Unless otherwise noted:
percentage variance relates to performance during the nine months ended March
2021 compared with the nine months ended March 2020 (YoY) or the March 2021
quarter compared with the December 2020 quarter (QoQ); production and sales
volumes are reported on an attributable basis.
Source: South32, released
on
-
On April 25 2021, Shanghai Ganglian E-Commerce Co., Ltd. (Mysteel) completed the annual assurance review in accordance with the requirements of the International Organization of Securities Commission (IOSCO), or the third year in a row. Starting 2021, a series of coking coal and coke pricing indices have also joined Mysteel’s related steel and iron ore pricing indices, being IOSCO compliant.
-
Note:
South32’s
financial year runs from July to June.
Unless otherwise
noted: percentage variance relates to performance during the half year ended
December 2020 compared with the half year ended December 2019 (YoY) or the
December 2020 quarter compared with the September 2020 quarter (QoQ);
production and sales volumes are reported on an attributable basis.
Source: South32,
released
-
Note:
South32’s financial year
runs from July to June.
Unless otherwise noted:
percentage variance relates to performance during the September 2020 quarter
compared with the June 2020 quarter (QoQ); production and sales volumes are
reported on an attributable basis.
Source: South32, released
on October 19
-
Yunnan Chihong Zinc & Germanium Co (Chihong), China’s largest zinc and lead producer headquartered in Southwest China’s Yunnan province, saw its output of refined metal products, mainly zinc and lead ingots, surge by 14.5% on year to 269,500 tonnes in the first half of this year, Mysteel Global learned on September 4. The smelter says its operations were largely unaffected by the COVID-19 outbreak.
-
Indian gold investors are eyeing the Reserve Bank of India’s latest tranche of sovereign gold bond offering as an entry point for making fresh purchases in the precious metal, which has pulled back a bit after hitting a record high in the first week of this month.
-
The Mines Ministry has invited comments from the public on a series of structural reforms it proposes under Atmanirbhar Bharat to enhance private investments and generates employment in the mineral sector.
-
China Baowu Steel Group (Baowu), the country’s largest steelmaker by installed capacity, saw its first primary aluminum ingot emerge from its own aluminum production line on July 30, marking the steel giant’s first foray into aluminium smelting and making further progress in the group’s production of metals suitable for use in auto manufacturing.
-
Note:
South32’s
financial year runs from July to June.
Unless otherwise
noted, percentage variance relates to performance during the financial year
ended June 2020 compared with the financial year ended June 2019 (YoY) or the
June 2020 quarter compared with the March 2020 quarter (QoQ); production and
sales volumes are reported on an attributable basis.
Source: South32,
released on
-
The China Securities Regulatory Commission (CSRC), the country’s governing body of all futures exchanges, has granted its approval, allowing three commodity exchanges to launch options contracts for six industrial products over June-August for trading, according to its official post on June 12.
-
China’s major zinc smelters have started scheduling maintenance stoppages this month in response to a shortage of zinc concentrate supplies, according to Mymetal, Mysteel’s data collection arm for non-ferrous products. Some smelters have already idled their furnaces.
-
Note:South32’s
financial year runs from July to June.
Unless otherwise
noted: percentage variance relates to performance during the nine months ended
March 2020 compared with the nine months ended March 2019 (YoY) or the March
2020 quarter compared with the December 2019 quarter (QoQ); production and
sales volumes are reported on an attributable basis.
Source: South32,
released on
-
The fast spread of the COVID-19 in the past few weeks have forced some metallurgical mining companies to either slow down or to completely suspend their operations, as many countries where their mining sites are located have adopted the harsh measure of lockdowns to curtail the virus from infecting more citizens and to prevent their medical systems from collapses.
-
Metallurgical Corporation of China Ltd (MCC), China’s largest construction and engineering service provider, saw its business model further diversifying from the traditional metallurgical projects in 2019, as the revenue from the sector decreased to 22.5% of the total from the 25.1% for 2018, according to the company’s latest annual report released on April 1.
