The global zinc supply is expected to reach 14.8 million tonnes by 2015, up from 13.2 million tonnes in 2012, according to miner MMG, which is majority owned by China Minmetals Corporation
MOSCOW, Aug 23, 2013 (BUSINESS WIRE) — MMC Norilsk Nickel announces the appointment of Vladimir Zhukov as Director of Investor Relations.
This appointment illustrates the commitment of Norilsk Nickel to build a world class investor relations team supported by new initiatives in corporate governance and increasing transparency of the company’s business.
Prospectors from various countries have spent over $1.7 billion developing plans to mine Greenland’s potential iron, copper, nickel, zinc, rare-earth minerals, rubies, oil and gas.
http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-307585/
Indonesia remains the top destination in the Southeast Asian region for corporate expansion, according to a survey released on Thursday, despite the many challenges companies cited in conducting business here.
The survey, carried out by the American Chamber of Commerce in Singapore (AmCham Singapore) and the US Chamber of Commerce, said corruption was “overwhelmingly” identified as the greatest drawback in Indonesia.
http://www.thejakartapost.com/news/2013/08/23/indonesia-still-top-investment.html
Mining giant Norilsk Nickel’s board of directors has approved a plan to promote palladium, an alternative to platinum, on the world market.
Norilsk Nickel, the world’s largest producer of nickel and palladium, intends to increase global interest in the metal by promoting its use in jewelry and automobiles, a source told Kommersant.
In diversifying its sources of profit, Norilsk Nickel is aiming to reduce the impact that variations in nickel prices currently wield over the company’s returns, Andrei Shenk, an analyst at Investcafe, told Kommersant.
Thirty tin smelters in Indonesia, the world’s largest exporter, agreed today to start trading the metal on a local exchange to comply with a government rule that comes into force this month.
The smelters will begin trading in early September with about 100 importers on the Jakarta Futures Exchange, which will introduce a dollar-denominated and electronically-traded contract on Aug. 28, said Tjahyono Mukmin, president director of the Serumpun Tin trading board. That will replace bilateral dealings between producers and importers.
The exploration rights owner of newly found world-class diamond, rare earth and strategic minerals deposits in the Southwestern African nation of Namibia is seeking support from China and partnership with Chinese companies for cooperative development of the resources.
Malaysian businessman Subramaniam Ragubathi, owner of Nambib Resources Pty Ltd, a diamond and minerals exploration company registered in Namibia, discovered the huge diamond and mineral resources.
http://usa.chinadaily.com.cn/world/2013-08/20/content_16909008.htm
Emerging-market stocks rebounded from a one-month low as an increase in Chinese (SHCOMP) exports lifted commodity producers from Vale SA to KGHM Polska Miedz SA.Brazil’s Ibovespa (IBOV) led gains among global equity indexes.
The MSCI Emerging Markets Index added 0.9 percent to 946.56 at 2:15 p.m. in New York. Vale, the world’s largest iron-ore maker, drove the Ibovespa to the biggest advance among 94 world stock gauges. Poland’s copper producer KGHM posted the biggest jump in a month, while Magyar Telekom Nyrt. surged to a three-week high in Budapest after profit at the telecommunication-service provider beat estimates. Brazil’s real rebounded from a four-year low to lead advances in developing-nation currencies.
Nickel pig iron prices have rebounded in China, after stainless steel mills pushed up their purchase prices on tight supply of the raw material.
Most stainless steel mills began to raise their NPI purchase prices from late last month, and have again increased their bids this month in order to secure more material for restocking. This week, major consumer Jiuquan Steel lifted its bid price by more than expected, giving the biggest boost yet to market sentiment.
The United States and Japan are still the leading buyers of China’s rare earths, even as other areas ramp up their production, a senior official said on Thursday.
For the first five months of this year, the US imported about 4,000 metric tons of rare earths from China, said Ma Rongzhang, secretary general of the China Rare Earth Industry Association, during the fifth China Baotou Rare Earth Industry Forum held in Baotou, Inner Mongolia autonomous region.
http://www.chinadaily.com.cn/business/2013-08/08/content_16881080.htm
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