News

Cobalt: Chinese producer GEM acquires 60% stake in Shu Powders

Roskill view: Jingmen GEM, a subsidiary of GEM, acquired a 60% stake in Shu Powders Ltd for US$3.8M earlier this month after purchasing private investor Robert Martin’s stake. Specialty Metals Resources retains a 40% share in Shu. Shu Powders in Durban, South Africa, was founded in 2004 and has capacity… Read more

Cobalt: Lundin granted another extension on TFM sale

Roskill view: Lundin Mining now has until November 15th to decide on the Tenke Fungurume stake. Lundin has right of first refusal on Freeport McMoRan’s 70% indirect interest in TF Holdings, which holds 80% of the Tenke Fungurume copper/cobalt mine in the DRC. Freeport-McMoRan announced the sale of its DRC… Read more

Antimony: China’s State Reserve Bureau adds to stockpile

Roskill view: China’s SRB has decided to stockpile 7kt of antimony. The three bidders were China Minmetals (3kt), Chenzhou Mining (2.5kt) and Jiefu Group (1.5kt) and the bidding price was RMB50,400 (US$7,478/t). The extent of China’s antimony stockpiles is unknown, although they are thought to be considerable. Roskill understands that… Read more

Lithium: Tianqi’s Q3 earnings jump

Roskill view: Sichuan Tianqi’s revenue jumped 93% year-on-year to RMB1.064Bn (USD157M) in Q3 2016. Net profit was RMB456.7M (US$67.5M), up 2,150% on Q3 2015. Quarter-on-quarter, revenue was up 12% but net profit down 1%. Year-to-date, Tianqi’s revenues have climbed 112% on 2015 to RMB2.770Bn (USD409M) and profit 1,864% to RMB1,204Bn… Read more

Tungsten: Wolf Minerals secures £20M bridge facility from RCF

Roskill view: The Drakelands, UK mine developer has put in place a number of measures to allow it to better withstand a lower price period in the tungsten market and enable it to work through difficulties processing the near-surface fine ore. Wolf has obtained an agreement from its senior lenders… Read more

Plastics market extends bright outlook for filler minerals

As the plastics and rubbers world gathers in Dusseldorf this week for the K 2016 trade fair, Roskill highlights some key minerals used in the sector and their trends A wide variety of minerals are used in the production of plastics and rubbers in the role of fillers and extenders.… Read more

Steel: India, a potential giant in steel, still slumbering

Roskill view: In India, the Essar Group announced the sale of its oil refining business and a port in Gujarat in a US$13Bn deal with a Russian consortium, in a move designed to reduce the group’s debt and consolidate its remaining business, including a focus on steel. Meanwhile in India,… Read more

Salt: Shipping rates Europe – East Coast USA of less than $13/t

Roskill view: As shipping rates hit historical lows, long distance markets for salt (such as the multimillion-tonne North American de-icing market) are becoming more accessible and salt producers and consumers need an international forum to meet and discuss business. Roskill’s Salt 2017 conference will be held next year to discuss… Read more