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[dosto]

Spot ferromolybdenum trade in Asia has been at a standstill with offer prices moving within a tight range of $61-62/kg on a CIF basis, Asian industry sources said this week. Asian traders said trade was expected to remain quiet ahead of the Chinese New Year holidays in mid-February.

One local trader said he was offering spot material to Europe at $61.50/kg CIF Rotterdam. "It's very difficult to find buyers now. Trade is quiet and most overseas buyers still have stocks available in the warehouses," he said. Another trader said offers from China are mostly quoted at $61-62/kg CIF Rotterdam. "Prices are stable but demand is still weak. [/b]There has been very little buying interest in the market," he said.

Local traders in China said domestic ferromoly prices in China were holding firm at around Yuan 260,000 ($33,500)/mt. "We are seeing more tenders among steel plants in China this week as they want to stock up the material before the long Chinese New Year holidays in mid-February," he said.

Meanwhile, one Tokyo-based trader heard spot offers from China at $62/kg CIF Japan. "No spot deals are done this week. There has been more Chinese suppliers buying ferromoly in the domestic market and prices may go up again," he said. Another trader, however, expected prices to hold steady at $61-62/kg CIF Japan in the short term. "The spot market hasn't been moving much this week as no one is buying," he said, adding that demand from Japan slowed closer to the end of the fiscal year as traders were busy with next year's contract talk.

[dosto]

5 February 2007

ISM steel buyers survey suggests declining inventories
Source: Platts



See also
Steel Board
Steel CatalogA sharply reduced number of steel buyers surveyed in January said they had enough tonnage on hand to cover current shipping levels in the near term, according to the National Steel Buyers Forum of the Institute for Supply Management (ISM) in a report released to Platts Steel Markets Daily on Friday.

Fewer than 38% of respondents said they had enough steel on hand to cover shipments for one to two months, down from nearly 53% in December.

In a reverse of that trend, however, more than 31% of participating buyers said they had tonnage available to cover current shipment levels for two to three months, up from approximately 16% in December, the report said.

About 56% of buyers surveyed said they had about the same stock levels on hand now as they did a year ago, up from approximately 37% in December. Approximately 31% said their stock levels are 10% higher than one year ago, down from nearly 37% in December. A total of 12.5% of respondents said their stock levels are 20% higher than one year ago, down from 15.8% in December.

At present production rates and with no new orders, 50% of January's respondents said their current order book would last two to four months, up from about 19% in December.

Regarding buyer expectations of incoming orders over the next three months, 37.5% of respondents said they would be up, down slightly from 42.1% in December, according to the ISM report.

[dosto]

5 February 2007

China's Panzhihua Iron & Steel 2006 core profit 900 mln yuan; 1 bln seen in 07
Source: AFX



See also
Steel Board
Steel CatalogPanzhihua Iron & Steel (Group) Co said it posted unaudited core operational profit of 900 mln yuan last year, down from 1.27 bln in 2005.

The steel maker, one of China's top 10 in terms of capacity, said it expects core operational profit to reach one bln yuan this year.

It said group revenue in 2006 totaled 33.6 bln yuan, up from 32.1 bln the year earlier.

The steel maker said it is projecting 34.0 bln in revenue this year.

The company, based in the southwestern Chinese province of Sichuan, has a listed unit – Panzhihua New Steel & Vanadium Co Ltd (SZA 000629).

[dosto]

Harmony ups copper-gold mineral resources at Golpu project, PNG
Source: Edited Press Release

Harmony Gold Tuesday announced an increase in its mineral resource at its Golpu copper gold project in the Morobe Province of Papua New Guinea.

The resource now stands at: 163 million of tons (Mt) at 1.1% Cu, 0.6g/t Au and 132ppm Mo containing 3.9 billion pounds of copper 2.96 million ounces of gold 47 million pounds of molybdenum.

This represents an increase of 10% copper metal, 11% gold and 17% molybdenum, the company said.

[dosto]

8 February 2007

South Africa: Lower vanadium prices weigh heavily on Highveld Steel
Source: Business Day

Highveld Steel and Vanadium took another hammering from falling vanadium prices in the year to December, reporting a drop in headline earnings of 40% to R10,49 a share.

Operating profit declined to R1,4bn from R2,7bn a year before, while revenue declined marginally to R6,9bn.

The performance was nonetheless the second best in the company's history, indicating the exponential growth Highveld had seen in recent years.

CE Andre de Nysschen was unfazed by the depressed vanadium price environment, saying the company had predicted the volatility. He ascribed the drop in the vanadium price to users in past years building up stocks to protect themselves against rising prices, while there was likely a holding back on buying stock as prices started coming down, which aggravated the situation.

But prices are on the increase again.

"In the past two to three weeks we've seen prices clawing back from lows of $29/kg to $33/kg," he said. Prices were likely to settle at $40/kg.
The group's weaker performance was offset somewhat by strong demand in the local market for steel, which contributes just more than 40% of Highveld's headline earnings, while robust international prices for export steel products, amid strong commodity prices, also helped lift the steel division. Highveld projects that rand weakness will benefit the group's exports.

Highveld increased rolled steel production 12%, compared with the previous year, and domestic dispatches rose 25%, largely led by increased demand from the mining and chemical industries, the group said.

Despite the drop in profits, shareholders will receive a dividend of 350c, though this is nowhere near last year's record distribution of R18,80. The sale of Ferroveld put an additional 100c in shareholders' pockets, the likely reason for a gain of 2,15%, or R1,65, in the share price yesterday. It closed at R78,30.

"The company has strong cash flow generating ability, despite the capital expansion. I think we have proved that, and it is our policy to pay out money to shareholders that we will not use going forward," De Nysschen said.

Highveld's R1,8bn capital expansion programme is on track.

During the year it completed the conversion of a second furnace at the iron making division to the open slag bath configuration, and other projects are on schedule. Highveld's gearing increased to 30% in the period, which De Nysschen said was a comfortable level.

Highveld's small Transalloys unit incurred losses of R43m, compared with an operating profit of R27m the year before, on depressed manganese alloy prices.

[dosto]

Antwort auf Beitrag Nr.: 27.518.181 von dosto am 08.02.07 17:50:03

8 February 2007

PNG: Marengo to fast-track '07 site operations
Source: The National

Marengo Mining plans to fast-track its work programme at its exclusively-owned Yandera copper-molybdenum project in the country.

This follows a highly successful December quarter when the company completed a major A$12.3 million capital raising and the commencement of pre-feasibility studies.

"The 2006 drilling programme has confirmed that Yandera is a potentially world-class porphyry copper-molybdenum," Les Emery, the company's managing director, said.

The company reported that two diamond drill rigs and helicopter-supported services were in place with drilling to recommence before the end of this month, alongside the ongoing Yandera pre-feasibility study.

Mr Emery said this year's programme would build on last year's successful resource evaluation programme when 19 holes were completed (7,030m) focusing on the main Omora and Imbruminda zones within the Yandera central Porphyry system.

Mr Emery said work was already well underway on incorporating the new assays and geological data into the preparation of a revised resource estimate, building on the initial resource of 371 million tonnes at 0.49% copper announced last October.

"We have already established a substantial inventory of copper and molybdenum metal, with the initial resource covering the central portion of the project totalling over four billion pounds of contained copper metal equivalent," Mr Emery said.

"Work to date has indicated that it is most feasible to locate the process plant near the coast in the Madang region, and to utilise deep-sea tailings placement, which is used by other PNG operations such Lihir Gold and has recently been permitted to the nearby Ramu Nickel project," Mr Emery said.

Mr Emery said the plan was to move crushed ore from the Yandera mine area to the Ramu Valley by way of a conveyor system and then load crushed ore on a purpose-built railway for transport approximately 100km to a suitable coastal plant site.

In other developments during the quarter, Marengo identified new gold targets both at Yandera, where sampling at the Yomi gold prospect (15km north-west of the main project) returned values up to 5g/t Au and at its Bolubolu project on Goodenough Island, where highly anomalous gold and silver values up to 27.2g /t Au and 17g /t Ag were returned.

The company gained a secondary listing on the Port Moresby Stock Exchange last Nov 10 providing local investors with an opportunity to easily trade Marengo securities.

[dosto]

Minmetals' mineral reserves on the rise
Source: Interfax



China Minmetals Corp.'s mineral reserves has seen rapid growth in 2006, the company announced Tuesday.

At the end of 2006, the company had 2.51 million tons of alumina reserves, 600 million tons of iron ore reserves, 385,000 tons of tungsten reserves, and 280 million tons of coke reserves.

Minmetals' sales revenue was $18.9 billion in 2006, which was the third consecutive year that the company to reaped a sales revenue over $1.5 billion.

For the first time, Minmetals, one of China's largest minerals and metals traders, had a domestic business revenue that outweighed its foreign business revenue in 2006.

The company is still planning to maintain its large reserves. Last February, the company signed a deal with the world's largest copper mine, Corporacion Nacional del Cobre de Chile, to obtain 836,250 tons of copper from Codelco over the next 15 years. In July 2006, Minmetals acquired an iron ore mine in Anhui with a reserve of 105 million tons for RMB 190 billion ($24.52 billion).

Minmetals also signed a long-term agreement with international iron ore suppliers, including the Brazilian CVRD and South African PMC.

Minmetals' various mining projects at home and abroad saw the company enter into a joint venture agreement with NASDAQ-listed aluminium producer Century Aluminium in May 2006. The joint venture will explore a bauxite mine and set up an alumina refinery in Jamaica. Minmetals also signed a memorandum of understanding with Bolivia in March 2006 for nonferrous metals resource development, which include copper, antimony, and tin.

Minmetals' prospecting projects include the silver-lead-zinc mine in Guansu, a tungsten-molybdenum mine in Guangxi, and other mines in Mauritania, Vietnam, and Australia.

By the end of 2006, Minmetals boasted 20 mining, smelting and processing units, with a production value of RMB 20 billion ($2.58 billion) and cooperated with provinces and cities, including Qinghai, Hunan, Liaoning, Tianjin, Anhui.

Minmetals' acquisition of Hunan-based Ershisanyejian Construction Group Co. last August has opened the company to a new area of mining construction projects.

[dosto]

07.02.2007 - 13:53 Uhr
Minmetals sichert sich weltweit Versorgung mit Rohstoffen
SCHANGHAI (Dow Jones)--Der chinesische Metall- und Mineralienproduzent sowie -händler China Minmetals Corp verstärkt seine Bemühungen, sich international mit Rohmaterialien einzudecken und so dem wachsenden Bedarf der boomenden inländischen Wirtschaft gerecht zu werden. Wie die staatliche Assets Supervision and Administration Commission erklärte, konnten die Assets des Unternehmens durch Abschluss langfristiger Verträge mit international tätigen Bergbauunternehmen und durch den Erwerb ausländischer Minen rapide ausgebaut werden. Inzwischen besitze Minmetals Reserven von fast 600 Mio t Eisenerz, 385.000 t Wolfram sowie 280 Mio t Kokskohle und könne auf jährlich 2,51 Mio t Tonerde zugreifen. Durch das im vergangenen Jahr mit Chiles Codelco geschlossene Abkommen verspreche sich Minmetals eine Belieferung von insgesamt 850.000 t Elektrolytkupfer im Verlauf von 15 Jahren. DJN/DJG/bdz/7.2.2007


Hier taucht noch Wolfram auf,

insofern von Interesse das es ja durchaus mit Moly als
Austauschmix (je nach dem) in Betracht kommen kann.

[dosto]

sorry

letzte Post war Blödsinn

Wolfram ist als Tungsten schon im engl. Text enthalten.

Dann hat Übersetzung für Leute mit mangelenden Eng-Kentnissen.

sorry

[dosto]

Auszug

aus 4 Quartal Grupo Mexico

Produktion Moly -plus 11,6 % gegenüber Vorjahresquartal,
das sind 389 tons.

Zinc : 33.430 tons versus 34.831 tons
Silber: 139.685 versus 1491.35 Kilogramm (angegebener Grund: Streik
und weniger Gehalt im Gestein)

kein: Hedge-Programm

[dosto]

13.02.2007 - 13:13 Uhr
Chinas Rostfreiproduktion 2006 um 68% gestiegen
SCHANGHAI (Dow Jones)--Chinas Produktion von rostbeständigem Stahl hat sich 2006 um 68% auf 5,3 Mio t erhöht. Wie die amtliche Nachrichtenagentur Xinhua weiter meldet, sanken dagegen die Einfuhren in dem Sektor um 20% auf 2,5 Mio t, während sich die Ausfuhren auf 904.000 t mehr als verdoppelt haben. Xinhua bezieht sich auf Angaben der Chinese Special Steel Association, wonach das inländische Angebot den chinesischen Rostfreiverbrauch im vergangenen Jahr zu 60% decken konnte. Li Cheng, der Präsident der Organisation, wies auf die enorme inländische Nachfrage hin, welche das heimische Rostfreiangebot leicht absorbieren könne. Deshalb werde China auf kurze Sicht kein Nettoexporteur werden können. DJN/DJG/bdz/13.2.2007


In % sieht das gewaltig aus:

in Tonnen sind 1,57 Mill, zum Vorjahr + 25 %
ist dann dann ganz ordentlich, aber nicht gewaltig.

[dosto]

13 February 2007

Teck Cominco announces Highland Valley mine life extension to 2019
Source: Press Release



See also
Teck Cominco Limited (TSX – TCK.A; TCK.B; NYSE – TCK) announced Monday that it will proceed with a further six year extension of the life of the Highland Valley copper mine near Kamloops, British Columbia from 2013 to 2019.

The revised mine plan contemplates that from 2013 to 2019 an additional 247 million tonnes of ore from an expanded Valley pit and continued mining of the Highmont pit will produce 1.5 billion pounds of copper and 21 million pounds of molybdenum in concentrate. The capital cost associated with the extension is approximately $300 million (in 2007 dollars), consisting of $167 million in incremental waste stripping and the balance for mobile equipment. Approximately $50 million of mobile mining equipment will be ordered in 2007 to permit waste stripping to commence in 2009.

Copper production during the extension period from 2013 to 2019 is expected to average approximately 295 million pounds per annum. Life of mine copper and molybdenum grades are expected to decline by approximately 10% as a result of the inclusion of lower grade ore in the mine plan.

Teck Cominco President and Chief Executive Officer, Don Lindsay, said: "This is good news for the workforce at Highland Valley, local communities, the Province of B.C. and for Teck Cominco shareholders. Highland Valley is one of the most efficient mining operations in the copper industry, and this extension significantly adds to its potential for the future."

[dosto]

21 February 2007

Global crude steel production up 13.5% on January 2006: IISI
Source: Platts

The International Iron and Steel Institute Monday published its crude steel production figures for January 2007 which showed an overall increase across the 64 reporting countries, up 13.5% to 107.886 million mt against 95.037 million mt during the same month in 2006.

Figures for the European Union, including an estimate for new member state Bulgaria, were up 9.7% to 18.066 million mt against January 2006, and up 7.83% against December 2006.

Non-EU European countries including Norway and Turkey recorded a 13.4% rise against January 2006, while production between December 2006 and January 2007 grew less than 1%. Turkey led the way with increased produciton with a rise of 246,000 against the previous January.

The CIS region was 11.0% up to 10.7 million mt against the same period last year, 2% up against last December.

In North America production fell 0.5% to 10.875 million mt against January 2006, with a sharp decline of 12.2% (89,000 mt) from December 2006 figures in Canada.
South American production was up 2.2% to 3.817 million mt against the previous January, with a barely noticeable growth of 0.3% against December 2006.

Asian figures grew 20.1% to 58.446 million mt with each of the five countries recording an increase, and China leading the way at 27.3% growth against January 2006.

Oceania was the only other area to record a January drop against the previous year at 4.3% to 722,000 mt, led by a dip in Australian production.

Rises of 7.5% and 3.2% were recorded in the Middle East and Africa respectively.

[dosto]

ROCA Arranges MAX Molybdenum Project Expansion Financing - Kitco News, Feb 27 2007


was solls man haut mal so 7 Mille Shares als Kapitalerhöhung
auf den Markt, sind ja nur 10 % der Shares mehr.
Und Warrants gibt natürlich auch.

[dosto]

China caps tungsten production for 2007
Source: Resource Investor



Apr 2007 – According to Interfax-China, China has released guidelines to cap tungsten production volumes in 2007, in order to restrict excessive tungsten and rare earth mining.

According to the Ministry of Land and Resources (MLR), China aims to maintain output of tungsten concentrate (65% grade tungsten oxide) at under 59,270 tonnes, a 210-tonne increase from last year. The MLR will conduct regular inspections in order to control the production of tungsten concentrate, and mining capacity contracts will also be set up.

New policies on license conditions for China's tungsten smelters only came into effect on Jan. 1, 2007. All new tungsten smelting projects are required to have an annual capacity of 5,000 tonnes of ammonium paratungstate (APT), 2,000 tonnes of tungsten powder or 2,000 tonnes of carbon tungsten. Doped tungsten bar output should be no less than 100 tonnes per year and hard alloy output, no less than 200 tonnes per year.

Existing tungsten smelting and processing plants should gradually improve performance to meet the new license conditions, according to the NDRC.