February 2016

ANGLO DIVESTMENT: The story so far on the sell-off programme

Anglo American will be divesting some of its portfolio as part of a radical restructuring programme to focus on its “priority 1 assets”. Here, view Metal Bulletin's coverage of the move and what it will mean for the metals market.

Eramet will take out 300,000 tonnes of manganese output at Moanda

French miner Eramet will halt mining and production at its Moanda manganese mine in Gabon for four weeks in the first quarter of 2016 in response to low prices.

Vale’s manganese ore production falls 10% in Q4

Vale’s manganese ore production declined 10% year-on-year in the fourth quarter of 2015, the diversified miner said on Thursday February 18.

Glencore shares jump 7% on move to refinance $8.45bn credit line

Glencore’s shares jumped 7.7% in London on Monday after the trader-producer signed a new revolving credit facility as part of an early replacement of an existing $8.45 billion credit line.

South32 would buy out Anglo for Samancor Manganese 'at right price'

South32 would buy out Anglo American to take full ownership of their Samancor Manganese joint venture, a spokesperson for South32 told Metal Bulletin on Tuesday February 17.

INDIAN SiMn SNAPSHOT: Prices continue to gain on supply restraints

Key data from the February 16 pricing session in London.

Asset writedowns drag Anglo American to $5.6bn loss; core earnings slump 55%

Anglo American incurred a $5.6 billion net loss in 2015 as a 24% year-on-year drop in a basket of key commodity prices prompted major writedowns to its mining portfolio.

Anglo has discussed exit from Samancor Manganese jv - Cutifani

Anglo American has held early-stage discussions with fellow miner South32 over its intention to exit the Samancor Manganese joint venture, Anglo ceo Mark Cutifani confirmed on Tuesday February 16.

Manganese market waits for update on Anglo's stake in Samancor

Manganese market participants will be keen to hear what Anglo American might say on Tuesday February 16 about the future of its 40% stake in Samancor Manganese, amid steep price drops in global ore markets.

MONDAY BRIEF: Infographic for February 15

The infographic for Monday February 15.