Iron Ore Prices To Remain Below $50/tonne
The iron ore marketing remains in oversupply. The combination of a weak steel demand, the commissioning of new low cost capacity and the reservations among high-cost producers to shut down operations continues to plague the market. Producers did try and cut costs at the beginning for the year and attempt to destock, but unless demand […]
Rare Earth Stockpiling by SRB Ends In Stalemate
The main topics in this feature include: Potential for new round of stockpiling SuperLig®-One plant successful India to develop rare earth to further defence industry The last round of stockpiling ended in a stalemate. The SRB were unable to procure material at their target price owing to artificially inflated offer prices. The expectations are that […]
Mining In Mozambique The End Of A Chapter
Until very recently, Mozambique was the star performer in SSA (sub Saharan Africa), with growth averaging above 7% per annum for almost 10 years. A phenomenal growth story driven by mining and oil and gas exploration. The diverse commodity asset base (coal and natural gas, heavy sands, gold, phosphates and rare earths, and a range […]
Ferrochrome Benchmark Prices Settled up 16c/lb
The European ferrochrome benchmark price for the third quarter was settled at 98c/lb compared to 82c/lb in the second quarter. The main reason for the increase is that South Africa appears to be short on material available for the spot market, which has resulted in higher spot market transactions in recent months. That being said, […]
Two Pennies On The EU Referendum: An analyst’s Opinion On Brexit
Denny Sabah has an Honors in International Relations and Diplomacy and Economics and is a long-standing friend of Core Consultants, even authoring an issue of Core Consultants’ Ferrochrome Quarterly Report back in 2014. Prior to Denny entering the commodity world, he interned at the European Commission. From time to time, Denny posts analysis on Facebook and is […]
Manganese Market Falters On Higher Stocks
Ore stocks at Chinese ports reached 2.17m tonnes, compared to 1.8m tonnes in May. Furthermore, it has been confirmed that a further 16 vessels carrying a minimum of 500,000 tonnes of manganese is destined for Tianjin port, but there has been no confirmation that this material has been sold. Whilst there appears to be a […]
China Reforms Its Resource Taxes-Rare Earth Summary-
Core Consultants has now released its June Rare Earth Monthly Report. The main topics in this feature looks at China’s new resource tax structure, new investments into rare earth smelting and changes to incentive schemes in the electric vehicle market. Market Summary From 1 July, China will expand its reform of resource taxes across the […]
David Creamer
Tenke, China Moly and African Taxes
Tenke Fungurume was acquired by China Molybdenum on has just been taken acquired by China Molybdenum. In the last 12 months, there appears to have been a notable pick-up in interest in mining assets across Africa. Of specific interest are those transactions where the underlying asset resides in Africa, though the listed entity, payments, change […]
Valuation of Iron Ore Investment
Overview Our client invested in an iron ore mine in Sierra Leone in return for a 2% royalty payment. As a listed investment holdings company, the client needs to provide an annual independent valuation to the stock market. Methodology Each year, Core Consultants develops a Net Present Value (NPV) model of the mine. In order […]