Manganese ore: Where is the recovery?
|
|
- Amberlynn Hancock
- 6 years ago
- Views:
Transcription
1 Manganese ore: Where is the recovery? Kevin Fowkes Ferroalloy Industry Consultant 29 th March, 2012
2 What is manganese? Manganese is the world s fourth most heavily consumed metal Global mine output of 15 million tonnes in 2011 over 90% goes into steel All steels contain manganese Manganese is used to remove sulphur from liquid steel (sulphur causes steel to crack) There is no viable substitute for manganese as a de-sulphiriser Manganese is also used to improve the strength of certain steels (structural steels, high strength flat steels) Non-steel consumption of manganese includes de-polarisation of dry-cell batteries, and as an additive in certain aluminium and copper alloys
3 Manganese demand a success story: (1) Global demand has doubled in the past decade Global demand for manganese ore (million tonnes contained Mn) Rest of world China % 53%
4 Manganese demand a success story: (2) Average Mn content per tonne of steel is rising 0.80% Average Mn content of global steel output 7.0% Global average annual growth rate, % 6.5% +6.6% 0.76% 6.0% 0.74% 5.5% +5.5% 0.72% 5.0% 0.70% 4.5% 0.68% 4.0% Crude steel production Manganese demand
5 Manganese demand a success story: (3) Expect demand growth of 33% (5Mt) by Global demand for manganese ore (million tonnes contained Mn) Rest of world China 5 53% 0 24%
6 Yet, Mn ore prices have become particularly depressed Mn ore benchmark price (US$ per dmtu CIF China)* *Benchmark price for Australian 44/45% lumpy ore on a CIF China basis, as reported in various sources
7 Mn ore prices have not yet showed the signs of price recovery that are visible in Mn alloy markets US$ per dmtu US$ per tonne Mn ore (left axis)* SiMn (right axis)** *Benchmark price for Australian 44/45% lumpy ore on a CIF China basis, as reported in various sources **US spot price for silicomanganese, delivered to warehouse
8 Mn ore production is relatively concentrated, both geographically and in terms of number of producers Global Mn ore production by country, 2011 Global Mn ore production by company, 2011 Ghana Kazakhstan Others South Africa BHP Billiton Ukraine India Others Brazil Eramet Australia Gabon Assmang China Vale Privat Total: 15 million tonnes Data shown on a contained Mn basis
9 The tremendous growth in Chinese Mn ore consumption is being fuelled by imports 100% Chinese consumption of manganese ore 90% 80% 70% Imported 60% 50% 40% 30% 20% 10% Domestic 0%
10 Chinese Mn ore imports reached 5.5Mt in Australia, S.Africa and Gabon account for 77% 6 Chinese Mn ore imports (million tonnes contained Mn) Other 4 12% Ghana 3 37% Brazil Gabon % 22% % Australia South Africa 0
11 Around 85% of Mn ore supply to China breaks even below current benchmark price levels on a cash basis 6 Estimated Mn ore cash production costs, CIF China* (US$ per dmtu) Current benchmark price ~$4.60/dmtu Cumulative sales to Chinese market * Does not include interest payments or depreciation (Mt contained Mn)
12 Rising underlying Mn ore mining costs are being hidden by abnormally low shipping rates 6 Average Mn ore cash production costs, CIF China* (US$ per dmtu) Shipping to China 4 Transport to port 2 Mine cost * Does not include royalties, commissions, interest payments or depreciation
13 Shipping rates fell drastically in 2009 following the global financial crisis, and have continued to decline 8000 Baltic dry index, annual average Q1-2012
14 Mn ore demand will rise by 33% by where will this be supplied from? 20 Global demand for manganese ore (million tonnes contained Mn) Rest of world China 5 53% 0 24%
15 Mn ore demand will rise by 33% by where will this be supplied from? Most extra demand in the past decade has been met by brownfield expansion, but for demand growth on this scale, new greenfield capacity will be essential South Africa will need to be the focal point of large-scale greenfield projects World Mn ore reserves World Mn ore resources 19% South Africa South Africa Other countries 75% Other countries Source: USGS
16 Most Mn ore in S.Africa is in the Kalahari basin. New operations will be based on lower grade carbonate ore High-grade ore, up to 48% Mn. Mostly controlled by established producers (Assmang and BHP Billiton) Lower-grade carbonate ores, avg % Mn Vast undeveloped resources Kalahari manganese basin SOUTH AFRICA Map of Kalahari manganese basin courtesy of Assmang
17 Mn ore exports from S.Africa will be constrained by rail and port capacity bottlenecks for the next decade Manganese ore for export from the Kalahari mines is subject to severe logistical bottlenecks in terms of rail and port capacity This has already leading to rationing of rail paths between producers, with increasing pressure from the new mines coming on-stream Current plans propose a new rail link and port terminal by earliest This makes it challenging for new entrants to ramp up as planned from Trucking of Mn ore from the Kalahari has risen substantially, but comes with its own constraints in terms of cost, road/truck capacity and environmental/safety pressures. Trucking not viable at current prices Current low Mn prices reduce business case for infrastructure investment Sintering is a potential solution, but expensive
18 Trucking carbonate ore from the Kalahari is not a viable option at current price levels 8 Estimated Mn ore cash production costs, CIF China* (US$ per dmtu) 6 Shipping to China 4 Current spot price level** Transport to port 2 Mine cost 0 Railed Trucked * Based on 37% Kalahari ore with no sinter plant; assumes oil prices as of March 2012 ** Assumes 20% quality discount to published benchmark Mn ore spot prices
19 Incorporating payback of investment, trucked Kalahari carbonate ore will require a price of $7/dmtu CIF China 8 Estimated Mn ore cash production costs, CIF China* (US$ per dmtu) 6 Depreciation & amortisation*** 4 2 Current spot price level** Shipping to China Transport to port Mine cost 0 Railed Trucked * Based on 37% Kalahari ore with no sinter plant; assumes oil prices as of March 2012 ** Assumes 20% quality discount to published benchmark Mn ore spot prices *** Incorporates estimates for both construction and sustaining capital
20 In conclusion Manganese demand has experienced strong growth in the past decade, and these positive trends are expected to continue through the next 5-10 years Expect demand to grow by one third by 2020 Currently, rising demand is being satisfied by piecemeal brownfield expansion of low-cost existing mines Consequently, prices can persist at relatively low levels and still yield adequate returns for the major producers Rising demand will eventually require large-scale greenfield South African capacity to come on-line, much of it initially based on trucking product to port There will need to be a step change of prices to >$7/dmtu to attract this production, in order to generate an adequate return for new producers However prices unlikely to improve from $ /dmtu range in 2012/13
Feeding the growth of Asia: Emerging sources of manganese ore
Feeding the growth of Asia: Emerging sources of manganese ore Kevin Fowkes Ferroalloy Industry Consultant 29 th March, 2011 Global demand for Mn ore has doubled in the last 10 years; Chinese share of demand
More informationWhat is manganese? Manganese is the world s fourth most heavily consumed metal (after iron, aluminium and copper)
What is manganese? Manganese is the world s fourth most heavily consumed metal (after iron, aluminium and copper) Global mine output of 17 million tonnes (contained metal) in 2014 over 90% goes into steel
More informationTimetric. Publisher Sample
Timetric http://www.marketresearch.com/timetric-v3917/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST Fridays: 5:30am
More informationRising power prices and their impact on the competitiveness of the ferroalloy smelting industry in South Africa
Rising power prices and their impact on the competitiveness of the ferroalloy smelting industry in South Africa Kevin Fowkes Managing Consultant Metal Bulletin African Ferroalloys & Chromite Conference
More informationD sc s l c ai a me m r Disclaimer:
The Manganese and Chrome Macquarie Connections China Day in South Africa 2012 Cape Town 3 February 2012 Alastair D. Stalker Managing Director Ore & Metal Company Limited Director-Assmang Ltd Past Chairman
More informationMANGANESE THE NEED FOR A SUSTAINABLE FUTURE
MANGANESE THE NEED FOR A SUSTAINABLE FUTURE GRAHAM KERR CHIEF EXECUTIVE OFFICER FEBRUARY 2016 IMPORTANT NOTICES The purpose of this presentation is to provide general information about South32 Limited.
More informationDevelopments in production costs and competitiveness in ferrochrome
Developments in production costs and competitiveness in ferrochrome Kevin Fowkes Managing Consultant Metal Bulletin 29 th International Ferroalloys Conference Barcelona, 12 h November 2013 Structure 1.
More informationOverview of the EMM and EMD Markets with special emphasis on China
Overview of the EMM and EMD Markets with special emphasis on China Aloys d Harambure Market Research Manager International Manganese Institute (IMnI) EPD Conference March 19, 2016 China 1 Introduction
More informationBHP Billiton. Affival Nordic Cored Wire & Alloy Market Seminar. 7 September 2006
BHP Billiton Affival Nordic Cored Wire & Alloy Market Seminar 7 September 2006 Manganese Industry Overview Manganese Value System Overview Manganese End Use Markets Crude Steel Manganese Alloy Industry
More informationSouth African Ferro Alloys Conference
South African Ferro Alloys Conference Manganese Mine to market: do we have the power? André Wilkens, ARM CEO 8 July 28 Port Elizabeth Disclaimer This presentation contains "forward-looking statements"
More informationChina and its impact on the global ferrosilicon market
China and its impact on the global ferrosilicon market Kevin Fowkes Managing Consultant Metal Bulletin 28 th International Ferroalloys Conference Berlin, 13 th November 2012 What is ferrosilicon? A ferroalloy
More informationOpportunities and challenges in manganese industry
Opportunities and challenges in manganese industry - Metal Bulletin 14 th Asian Ferro-alloys Conference ALLOYS, ORES & PEOPLE. DISCLAIMER Disclaimer: This presentation expresses views based on available
More informationSales in third-quarter 2017 at 877 million, up by 23% compared with third-quarter 2016.
Paris, 24 October 2017, 8:30 am PRESS RELEASE ERAMET group: sales up in third-quarter 2017 Sales in third-quarter 2017 at 877 million, up by 23% compared with third-quarter 2016. Stability in manganese
More informationRio Tinto Iron Ore. Alan Smith President Rio Tinto Iron Ore Asia
Rio Tinto Iron Ore Alan Smith President Rio Tinto Iron Ore Asia Cautionary statement 2 This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited ( Rio Tinto ) and consisting of the slides
More informationNot dead yet? The future of FeSi consumption and production in Europe
Not dead yet? The future of FeSi consumption and production in Europe Kevin Fowkes Ferroalloy Industry Consultant 15 th November, 2011 What is ferrosilicon? A ferroalloy of iron and silicon (FeSi), normally
More informationGlobal Coal Services. Prepared by: Dan Watkins 1 February Copyright 2002 Global Insight, Inc.
Global Coal Services Prepared by: Dan Watkins 1 February 2005 1 Build a Better Strategic Plan Copyright 2002 Global Insight, Inc. Understand Coal Prices, Risks, and Competition Plan Future Freight Requirements
More informationOverview of the Manganese Market
Overview of the Manganese Market Aloys d Harambure IMnI Executive Director adharambure@manganese.org IMnI Annual Conference June 18-20, 2018 Kuala Lumpur, Malaysia Photo: Pertama Ferroalloys, Malaysia
More informationRaw Material Demand and Availability Seaborne market perspective. Kees Gerretse, Group Director Supplies and Transport Tata Steel Group
Raw Material Demand and Availability Seaborne market perspective Kees Gerretse, Group Director Supplies and Transport Tata Steel Group Tata Steel Procurement Vision Tata Steel Group Vision We aspire to
More informationNew Generation of Manganese Producers. Dmitriy Nadtochiy, General Manager Commerce Asia Minerals Limited
New Generation of Manganese Producers Dmitriy Nadtochiy, General Manager Commerce Asia Minerals Limited 11 November 2013 Target: To review manganese market evolution since 2000, changes of market environment.
More informationCUU. Ansongo Manganese. Our First Development. Callabonna Resources Ltd (CUU:ASX) Investor update February 2015 Jeff Williams Director
Ansongo Manganese Our First Development Callabonna Resources Ltd (:ASX) Investor update February 2015 Jeff Williams Director 1 Disclaimer This document has been prepared by Callabonna Resources Limited
More informationRobert Davis Hickman, Williams & Company. Steel Founders Society of America March 23, 2011
Robert Davis Hickman, Williams & Company Steel Founders Society of America March 23, 2011 Three area s of interest World Production of Ferroalloys High Carbon Ferro Chromium Ferro Molybdenum Globally,
More informationObservations on the global and Asian ferrosilicon markets
Observations on the global and Asian ferrosilicon markets Kevin Fowkes Ferroalloy Industry Consultant 28 th March, 2012 What is ferrosilicon? A ferroalloy of iron and silicon (FeSi), normally ~75% Si Used
More informationTABLE OF CONTENTS 6 MEDIUM-TERM COAL MARKET REPORT 2016
TABLE OF CONTENTS Foreword... 3 Acknowledgements... 5 Executive Summary... 12 Is the glass half full or half empty?... 12 The world is splitting apart... 12 A relieved industry... 13 Coal is still a Chinese
More informationA Quick Look on the Steel Industry in the Arab World ============================================
Arab Iron and Steel Union The Seventieth Session of the Steel Industry Committee in the Organization for Economic Cooperation and Development (OECD) 12 13 May 2011 / Paris France A Quick Look on the Steel
More informationSilicon metal: Are the good times coming back?
Silicon metal: Are the good times coming back? Kevin Fowkes Managing Consultant Metal Bulletin 30 th International Ferroalloys Conference Barcelona, 11 th November 2014 For discussion Silicon metal supply,
More informationWA s MT THIRSTY COBALT-NICKEL PROJECT POTENTIALLY WORLD S FOURTH LARGEST COBALT PRODUCER
WA s MT THIRSTY COBALT-NICKEL PROJECT POTENTIALLY WORLD S FOURTH LARGEST COBALT PRODUCER Highlights Project has potential to deliver 3,700 tonnes of cobalt, 10,300 tonnes of nickel and 27,000 tonnes of
More informationMARKETING UPDATE 31 OCTOBER 2016
MARKETING UPDATE 31 OCTOBER 2016 IMPORTANT NOTICES THIS PRESENTATION SHOULD BE READ IN CONJUNCTION WITH THE FINANCIAL RESULTS AND OUTLOOK YEAR ENDED 30 JUNE 2016 ANNOUNCEMENT RELEASED ON 25 AUGUST 2016,
More informationOM HOLDINGS LIMITED (ARBN )
OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 7 30 October ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam SEPTEMBER QUARTERLY PRODUCTION AND
More informationFor personal use only
OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 7 30 October ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam SEPTEMBER QUARTERLY PRODUCTION AND
More informationFor personal use only
OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 9 30 October ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam SEPTEMBER QUARTERLY PRODUCTION AND
More informationSteelmaking raw materials: Market and Policy Developments
Steelmaking raw materials: Market and Policy Developments DSTI/SU/SC(2010)16 69 th Steel Committee Meeting Paris 3-4 December 2010 Summary Recovery in world output of steel has raised the demand for raw
More informationDevelopments in the Metallics Market and Its Effects on the Global Steel Industry
Jan-97 Jul-97 Jan-98 Jul-98 Jan-99 Jul-99 Jan- Jul- Jan-1 Jul-1 Jan-2 Jul-2 Jan-3 Jul-3 Jan-4 Jul-4 Jan-5 Jul-5 Jan-6 Jul-6 Jan-7 Jul-7 Jan-8 Jul-8 Jan-9 Jul-9 67th SESSION OF THE OECD STEEL COMMITTEE
More informationResults presentation. 30 & 31 August for the year ended 30 June 2017* * Preliminary reviewed results released on SENS on 30 August 2017
Results presentation for the year ended 30 June 2017* 30 & 31 August 2017 * Preliminary reviewed results released on SENS on 30 August 2017 EXECUTIVE MANAGEMENT TEAM 2 Charles Walters Ross Davies Tiaan
More information2008 Chinese manganese ore and alloy market annual report
2008 Chinese manganese ore and alloy market annual report Preface 2008 world economy went deeper and deeper in the US subprime mortgage crisis, which gradually becomes a global financial storm and even
More informationA new opportunity? 58%-Fe iron ore derivatives primer
28 October 2014 A new opportunity? 58%-Fe iron ore derivatives primer Executive summary Increased iron ore supply driven by Australian producers has increased the proportion of low-grade production to
More informationIndian Steel Industry: Present Scenario & Future Outlook. Aruna Sundararajan Former Secretary, Ministry of Steel
Indian Steel Industry: Present Scenario & Future Outlook Aruna Sundararajan Former Secretary, Ministry of Steel 3 rd Largest Producer of Steel Globally On track to become 2 nd largest Producer after China
More informationMitsui s Participation in Coal, Railway & Port Business in Mozambique
Mitsui s Participation in Coal, Railway & Port Business in Mozambique Dec 2014 December 9, 2014 Mitsui & Co., Ltd. Main Points of the Project 1. Promotion of an integrated business model of mineral resources
More informationFor personal use only
6 th July 2011 The Manager, Company Announcements Office ASX Limited Exchange Centre, 20 Bridge Street, Sydney NSW 2000 ASX Code: SEG SEGUE TO ACQUIRE 51% INTEREST IN THE EMANG MANGANESE PROJECT, SOUTH
More informationFor personal use only
OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 6 27 January 2017 ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam DECEMBER 2016 QUARTERLY PRODUCTION
More informationCase No COMP/M ERAMET / TINFOS. REGULATION (EC) No 139/2004 MERGER PROCEDURE. Article 6(1)(b) NON-OPPOSITION Date: 03/07/2008
EN Case No COMP/M.5179 - ERAMET / TINFOS Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 03/07/2008 In electronic form
More informationChina Trends and forecasts Iron ore International dry bulk trade. Dry Bulk Shipping Steel products. Coking coal. Iron ore resources
Market Outlook Dry Bulk Commodities Dry Bulk Shipping Steel products Coking coal Crude steel production Global economic growth Outlook dry bulk China Trends and forecasts Iron ore International dry bulk
More information2007 Annual Report on Chinese Chrome Market
2007 Annual Report on Chinese Chrome Market In 2007 ferrochrome and chrome ore markets keep at high price levels and Chinese government publishes many policies to regulate chrome market. Many Chinese smelters
More informationDR Grade Material & Beyond
Iranian Iron and Steel Conference 14-16 September 2015 Kish Island- Iran DR Grade Material & Beyond By: Keyvan Jafari Tehrani Member of the Board & Head of Int l Affairs 1 Contents Introduction Iron Ore
More informationBuilding a new supplier of raw materials for the steel industry
Jupiter Mines Limited (JML) Building a new supplier of raw materials for the steel industry Shareholder update and conference call 14 October 2010 Not a Jupiter Mines Limited asset Who is Pallinghurst?
More informationIntroduction to the silicon stream: Recent developments in the silicon and ferrosilicon markets
Introduction to the silicon stream: Recent developments in the silicon and ferrosilicon markets Kevin Fowkes Managing Consultant Metal Bulletin 31 st International Ferroalloys Conference Prague, 9 th November
More informationIntroduction to the silicon stream: Recent developments in the silicon and ferrosilicon markets
Introduction to the silicon stream: Recent developments in the silicon and ferrosilicon markets Kevin Fowkes Managing Consultant Metal Bulletin 31 st International Ferroalloys Conference Prague, 9 th November
More informationMolybdenum and Vanadium Market Fundamentals
Molybdenum and Vanadium Market Fundamentals International Titanium Association Titanium 2012 Conference Terry Perles MoTiV Metals LLC October 7 10, 2012 Atlanta GA Terry.perles@motivmetals.com 1.0 Molybdenum
More informationMetal Bulletin India Ferroalloy Conference Hyderabad 8-10 February Alloy Market: Present Situation & Trends
Metal Bulletin India Ferroalloy Conference Hyderabad 8-1 February 24 Alloy Market: Present Situation & Trends Introduction 1. BHP Billiton s position in the carbon steel materials and ferroalloy industry
More informationOverview of the global chrome market Philippe Richard
Overview of the global chrome market Philippe Richard Secretary General 1st INDINOX Stainless Steel Conference, January 25-26, 2015 - Ahmedabad, India ICDA: Competition / Antitrust Policy Statement and
More informationDry Bulk Freight Market
Jan-1 Jun-1 Nov-1 Apr-2 Sep-2 Feb-3 Jul-3 Dec-3 May-4 Oct-4 Mar-5 Aug-5 Jan-6 Jun-6 Nov-6 Apr-7 Sep-7 Feb-8 Jul-8 Dec-8 May-9 Oct-9 Mar-1 Aug-1 Jan-11 Jun-11 US$/t Dry Bulk Freight Market Has the Market
More informationA UNIQUE INVESTMENT OPPORTUNITY UNCOVERED
DISCLAIMER Certain statements in this presentation are forward-looking statements which may include, but are not limited to, statements with respect to the future financial or operating performance of
More informationInvestor Conference Presentation. November 2007
Investor Conference Presentation November 2007 Disclaimer This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E of
More informationAMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices
AMM 9 th Steel Scrap Conference Economic Fundamentals of Scrap and Iron Ore Prices 11-12 September, Chicago, IL, USA Atilla Widnell Senior Metals Analyst 2015 Metal Bulletin Research www.metalbulletinresearch.com1
More informationBHP Billiton Carbon Steel Materials Group
BHP Billiton Carbon Steel Materials Group A diversified resource base for China s Steel Industry Julius Matthys Vice President Marketing Iron Ore and Boodarie Iron BHP Billiton Marketing Asia, Pty, Ltd,
More informationEnhancing Market Transparency and Cooperation Between Countries Trading Minerals and Metals
OECD Conference on Trade in Raw Materials Paris, France, 3 November, 2014 Enhancing Market Transparency and Cooperation Between Countries Trading Minerals and Metals Don Smale, Secretary-General International
More informationOM HOLDINGS LIMITED (ARBN )
OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 9 30 April 2015 ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam MARCH 2015 QUARTERLY PRODUCTION
More informationIRON ORE. Indian Iron ore Industry FY18 vs FY17. Apr 2018
IRON ORE INSIGHT Indian Iron ore Industry FY18 vs FY17 Apr 2018 Indian Iron ore Industry - FY18 vs FY17 Financial Year 2018 has observed lot of significance events with regards to Indian iron ore and pellet
More informationIron Ore at a Crossroads
Iron Ore at a Crossroads Q308 Dry Cargo Market Review & Outlook Prepared by Howe Robinson Research A Market in Freefall... Baltic Dry Index from 1985 12,000 9,000 Index Va alue 6,000 3,000 Historic trading
More informationEurasian Resources Group. Dmitry Pastour November 2015
Eurasian Resources Group Dmitry Pastour November 2015 1 Eurasian Resources Group Market Overview 2 Charge/HC FeCr Demand Source: Heinz H. Pariser Production, in '000 t 12,000 10,000 8,000 6,000 4,000 2,000
More informationOM HOLDINGS LIMITED (ARBN )
OM HOLDINGS LIMITED (ARBN 081 028 337) No. of Pages Lodged: 8 30 April ASX Market Announcements ASX Limited 4 th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam MARCH QUARTERLY PRODUCTION AND MARKET
More informationMt Ida Magnetite Project Scoping Study Presentation March 2011
Jupiter Mines Limited (JML) Mt Ida Magnetite Project Scoping Study Presentation March 2011 Building a new supplier of raw materials for the steel industry Not a Jupiter Mines Limited asset Pallinghurst
More informationRio Tinto is on a journey, and let me share with you just how we are travelling.
Slide 1 - Slide 2 - Slide 3 - Good morning everyone and thank you for that kind introduction. Rio Tinto is on a journey, and let me share with you just how we are travelling. At the beginning of last year,
More informationIron Ore: looking better supported after disruptions
Economic and Financial Analysis Commodities Article Iron Ore: looking better supported after disruptions It s been the commodity most commonly associated with oversupply and bearish price calls, but now
More informationCommodity markets. Vivek Tulpule. April Chief Economist
Commodity markets April 2008 Vivek Tulpule Chief Economist Cautionary statement Cautionary Statement This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited ( Rio Tinto ) and comprises
More informationCoal Struggles May Persist in 2015 Even as Positive Signs Emerge Analysts: Andrew Cosgrove & William Foiles Dec 15, 2014
Overview > Global Coal Primer - 2015 Outlook >> Exhibit 1 of 20 Coal Struggles May Persist in 2015 Even as Positive Signs Emerge Analysts: Andrew Cosgrove & William Foiles Dec 15, 2014 Risks to market
More informationMontezuma is now Element 25 Limited
Montezuma is now Element 25 Limited Same company, different name... The Company s ASX ticker is now E25. 1 Element 25 Limited Investor Update Transitioning from a diversified explorer to the developer
More information32nd International Ferro-alloys Conference Prague, 6-8 November Markets, prices and trends
32nd International Ferro-alloys Conference Prague, 6-8 November 2016 Markets, prices and trends Agenda 1. Role of a Price Reporting Agency (PRA) in ferro-alloy price discovery 2. Pricing trends of ores
More informationQUARTERLY REPORT DECEMBER 2017
QUARTERLY REPORT DECEMBER 2017 South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX, LSE, JSE Share Code: S32 ADR: SOUHY ISIN: AU000000S320 Maintained
More informationCHINA S ECONOMIC GROWTH AND ITS IMPACT ON MINERALS MARKET. Pierre Alla CEO Goro Nickel New-Caledonia
CHINA S ECONOMIC GROWTH AND ITS IMPACT ON MINERALS MARKET Pierre Alla CEO Goro Nickel New-Caledonia Standing committee Beijing April 2004 CHINA Growing Role in Mineral Market Raw material prices particularly
More informationZINC REACHING NEW HEIGHTS FUNDAMENTAL OUTLOOK ON ZINC
ZINC REACHING NEW HEIGHTS FUNDAMENTAL OUTLOOK ON ZINC Disclaimer The report contains the opinions of the author, which are not to be construed as investment advices. The author, directors and other employees
More informationBauxite & Alumina industry dynamics
Bauxite & Alumina industry dynamics Executive Vice President Alberto Fabrini 24 September 2014 (1) Hydro - an integrated aluminium company MRN Bauxite Mine Hydro Paragominas Bauxite Mine Aluminium smelters
More informationBob Adam, AMC Bauxite Koumbia Bauxite Project, Guinea. Guinea Bauxite resources to supply the world?
Bob Adam, AMC Bauxite Koumbia Bauxite Project, Guinea Guinea Bauxite resources to supply the world? Disclaimer The presentation (in this projected form and as verbally presented) (Presentation) is provided
More informationHow does the investment community view the manganese industry? IMnI Annual Conference 2010 June 2010
How does the investment community view the manganese industry? IMnI Annual Conference 21 June 21 Jim Lennon / Duncan Hobbs +44 2 337 4271/ +44 2 337 4497 jim.lennon@macquarie.com / duncan.hobbs@macquarie.com
More informationConcluding the Review. Precious Metals Markets, Prices and Interest
Concluding the Review Precious Metals ------------- Markets, Prices and Interest Comparison: Vosey s Bay Estimated proven and probable reserves of 32 million tonnes grading 2.75% nickel, 1.59% copper and
More informationAPPOINTMENT OF JOINT COMPANY SECRETARY
APPOINTMENT OF JOINT COMPANY SECRETARY 1 November 2 The Directors of Grange Resources Limited ( Grange ) are pleased to announce the appointment of Ms Anastasia (Stacey) Apostolou as Joint Company Secretary
More informationMANGANESE ORE, CHROME ORE, FERRO ALLOYS
MANGANESE ORE, CHROME ORE, FERRO ALLOYS GLOBAL STEEL PRODUCTION In 2011 World Crude Steel Production reached 1527 million tonnes and showed a growth of 6.8% over 2010 and China remained the World s largest
More information17 October 2017 EVRAZ plc (LSE: EVR; EVRAZ or the Group ) today released its operational results for the third quarter of 2017.
EVRAZ PRODUCTION REPORT 17 October EVRAZ plc (LSE: EVR; EVRAZ or the Group ) today released its operational results for the third quarter of. vs OPERATIONAL HIGHLIGHTS: Consolidated crude steel output
More informationRaw Material & Supplementary Material Report
China Aluminum Raw Material & Supplementary Material Report 2012-2013 What s different? A Comprehensive Report with Concise Conclusion +69 Key Graphs & Charts in Data Pack with Chinese Analysts Exclusive
More informationIron ore market outlook
Frontier s Strategy Note: 01/16/2015 Iron ore market outlook A rapid increase in the global supply pool of iron ore, combined with moderating demand growth in China, resulted in the price falling nearly
More informationDry Bulk Freight Market: Prospects For Recovery
Dry Bulk Freight Market: Prospects For Recovery Platts 9 th Steel Markets Europe Conference London 24 Whilst care and attention has been taken to ensure that the information contained is accurate, it is
More informationOutlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics. bree.gov.au
Outlook for Bulk Commodities John Barber Bureau of Resources and Energy Economics bree.gov.au Overview Outlook for China Steel and iron ore markets Electricity and thermal coal China s economy is still
More informationAlumina Refining Under Review Analysis of Global Supply and Demand
Alumina Refining Under Review Analysis of Global Supply and Demand 2015 Metal Bulletin International Aluminium Conference Simon Storesund, SVP Commercial, B&A 23 September 2015 (1) Cautionary note Certain
More informationMalaysia the next production center of manganese in Asia? Dmitriy Nadtochiy, General Manager Commerce Asia Minerals Limited
Malaysia the next production center of manganese in Asia? Dmitriy Nadtochiy, General Manager Commerce Asia Minerals Limited Target: To review Mn-alloys investment background. To go through the opportunities
More informationCOMBINED GENERAL SHAREHOLDERS' MEETING. 27 May 2016
COMBINED GENERAL SHAREHOLDERS' MEETING 27 May 2016 CONTENTS COMBINED GENERAL SHAREHOLDERS' MEETING 27 MAI 2016 Introduction 2015 financial results Strengthening of cash preservation measures Operational
More informationAndrew Wood, Group Executive Strategy & Development. The market after January 2014 assessing the challenges and opportunities for bauxite and alumina
Andrew Wood, Group Executive Strategy & Development Alumina Limited andrew.wood@aluminalimited.com The market after January 2014 assessing the challenges and opportunities for bauxite and alumina Disclaimer
More informationMohit Pawnday Head Commercial
www.seml.co.in Mohit Pawnday Head Commercial Synergy in Energy M I N I N G P O W E R F E R R O-A L L O Y S S T E E L 2016 Asian Pacific Ferro-Alloys & Steel International Conference Venue:- Hanoi Sofitel
More informationThird-quarter sales in 2016 at 714 million euros, steadily increasing since the start of 2016.
Paris, 09 November 2016 PRESS RELEASE ERAMET Group: 3 rd quarter 2016 sales Third-quarter sales in 2016 at 714 million euros, steadily increasing since the start of 2016. Significant rise in manganese
More informationA Look at the Surge of Chinese Billets On The World Markets. Are They Here to Stay?
9 th Steel Scrap Conference American Metal Market Events 11 12 November 2015 A Look at the Surge of Chinese Billets On The World Markets Are They Here to Stay? John D. Heffernan, Partner Introduction Impact
More informationAnalysis of Chinese chromium market in 2008
Analysis of Chinese chromium market in 2008 In 2008 ferrochrome market experiences sharp price increase and quick price decrease influenced by all kinds of factors. With the deepening global financial
More informationLondon New York. June 7 & 8, 2010
Celfin Capital Andean Investor Day London New York June 7 & 8, 2010 Speakers Jaime Charles President and Chief Executive Officer Raul Gamonal Senior Executive Vice President CFO 2 Company overview Global
More informationGlobal Lead Mining to 2020
Report Code: MMGL001MR www.timetric.com Report Price: US$2,495 (Single Copy) Summary Timetric s "" offers detailed information on market dynamics in the Global Lead mining industry, providing essential
More informationSUPPLY OUTLOOK & COMPETITION TO ESTABLISHED BRANDS. Alina Wills Senior Commodities Research Analyst MVS
SUPPLY OUTLOOK & COMPETITION TO ESTABLISHED BRANDS Alina Wills Senior Commodities Research Analyst MVS DISCLAIMER Whilst every effort has been made to ensure the accuracy of the information in this document,
More informationAnalytical techniques for modelling ship demand
Analytical techniques for modelling ship demand L E N H O C K L E Y I M S F C O N F E R E N C E L O N D O N, 1 7 A P R I L 2 1 3 The real world NEW MIGHTY - 179,851 dwt Cape built 211 Arrived Port Hedland
More informationKogi Iron- Nigerian Steel Project
Kogi Iron- Nigerian Steel Project November 19, 2015 www.kogiiron.com ASX: KFE 1 DISCLAIMER Forward Looking Statements This announcement may contain some references to forecasts, estimates, assumptions
More informationAFARAK/METAL BULLETIN SINGAPORE ALISTAIR RUITERS March 2016
AFARAK/METAL BULLETIN SINGAPORE-2016 ALISTAIR RUITERS March 2016 Basis of preparation and disclaimer This presentation contains forward-looking statements. Often, but not always, forward-looking statements
More informationQMASTOR Coal and Mineral Supply Chain Management
TRIPLE POINT BROCHURE QMASTOR Coal and Mineral Supply Chain Management OPTIMIZATION / PLANNING / EXECUTION TRIPLE POINT TECHNOLOGY, INC. TPT.COM QMASTOR Overview THE COAL AND MINERAL MINING SUPPLY CHAIN
More informationSTEAM AND COKING COAL PRICES
ENERGY PRICES AND TAXES, 3rd Quarter 2004 - xi STEAM AND COKING COAL PRICES Larry Metzroth, Principal Administrator Energy Statistics Division SUMMARY This article provides analyses of customs unit values
More informationDry processing: boosting mining operations
2 AGENDA About New Steel Fines dry processing technology Tailings the fourth wave of mining Dry processing: boosting mining operations 3 ABOUT NEW STEEL 4 About us New Steel is an iron ore processing company
More informationNickel Laterite v Sulfide: The Hard Sustainability Challenge Remains
Dr Gavin M Mudd Environmental Engineering, Monash University, Australia Nickel Laterite v Sulfide: The Hard Sustainability Challenge Remains nd eng.monash.edu.au/enveng March 1 nd Euro Nickel Conference,
More informationEnergy applications offer growth potential for tin
Energy applications offer growth potential for tin Technical Session: Specialty minerals and metals for energy storage Tuesday 8 March 2016 Peter Kettle, Jeremy Pearce & Tom Mulqueen - ITRI Ltd Presentation
More information