Sector movers: Evraz, Ferrexpo lead industrial miners higher on Ukraine hopes
3rd Sep 2014 16:00
Peace talks in Ukraine were giving the industrial metals and mining sector in London a big boost on Wednesday. Steel group Evraz and iron ore producer Ferrexpo, which both have assets eastern Europe, were among the best performers in the sector, up over 5% and 3% in afternoon trade, respectively.
Read moreInternational Ferro Metals receives more chrome concentrate than expected
1st Sep 2014 11:45
International Ferro Metals said on Monday that as part of its supply agreement with Anglo Platinum, it last month received 20,000 tonnes of upper group two (UG2) chrome concentrate, ahead of its expectations. It said it now expects to receive 15,000 tonnes per month on an ongoing basis, as well as
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreSector movers: Evraz lifts industrial metals higher
4th Jul 2014 15:48
A surge in the share price of steel group Evraz helped the industrial metal and mining sector to the top of the pile on an otherwise quiet trading session in London. While markets were subdued on the whole, with analysts citing low volumes due to a public holiday in the States, Evraz shares were 5.
Read moreInternational Ferro signs agreement with Chrometco
28th May 2014 13:45
Mining group International Ferro has signed an agreement with Johannesburg listed mining company Chrometco to conduct exploration drilling at Rooderand Mine. The mine produces chrome ore and is expected upon completion to supply the group 0.2m tonnes of chrome ore over a 12-month period. The grou
Read moreSector movers: Ukraine crisis, China data hits industrial miners
3rd Mar 2014 15:27
Every sector on the UK stock market was either flat or registering losses on Monday as investors scaled back risk appetite amid escalating tensions between Ukraine and Russia. The crisis in Ukraine stepped up a gear over the weekend as Moscow increased its military presence in the Crimea region of
Read moreIofina Chairman shows confidence after profit warning
17th Dec 2013 16:16
Proving his confidence in the business on the day it published a profit warning, Iofina Chairman Chris Fay splashed the cash in two separate share purchases. Fay first bought £50,000 worth at 101p in the morning after the shares plummeted from Monday's 132.25p closing price. Later in the day he f
Read moreInternational Ferro Metals gains on furnace repair
11th Jan 2013 12:46
International Ferro Metals advanced Friday after confirming that operations at its two furnaces had returned to normal following the replacement of the electrode paste in late December. The company announced in November that the furnaces were experiencing productivity issues due to recurring electr
Read moreMonday broker round-up UPDATE
3rd Dec 2012 07:16
ARM Holdings: Exane BNP Paribas upgrades from neutral to buy. Ashtead Group: Bank of America starts with a target price of 460p and a buy recommendation. AstraZaneca: Berenberg raises target price from 3080p to 3100p; hold recommendation kept. Balfour Beatty: Investec reduces target price from 21
Read moreResource round-up: International Ferro, Magnolia, Sefton
11th Sep 2012 09:13
International Ferro Metals, the AIM-listed miner of ferrochrome (an essential ingredient in stainless steel), rose strongly on Tuesday after saying that the ramp-up of its Sky Chrome project to a record 73,000 tonnes per month was achieved last month. The plant provides low-cost chrome ore for the s
Read moreResources round-up: Goldstone, Caza, Anglo Asian Mining...
7th Jun 2012 11:59
Exploration company Goldstone has confirmed the wide depth extension of its gold resource at Homase/Akrokerri in West and Central Africa after 46 holes were drilled, totalling 13,200 metres. Included in these, one hole intersected gold mineralisation of 15.7m at 1.4 g/t including 4.5m at 3.3 g/t, wh
Read moreResources round-up: International Ferro, Forum Energy, Regency Mines
25th Apr 2012 15:09
International Ferro Metals, the AIM-listed integrated ferrochrome producer, moved back into overall profitability on a monthly basis for March, with 37.5 per cent of targeted production cost savings achieved during the quarter ended March 31st. During the period net borrowings decreased from ZAR 4
Read moreInternational Ferro in electricity agreement with South African utility firm
1st Mar 2012 11:11
International Ferro Metals (IFL), the AIM-listed integrated ferrochrome producer, has reached an agreement with South African utility company Eskom to assist with the power utility's electricity supply requirements by participating in its electricity buy-back programme for an agreed period. IFL wi
Read moreInternational Ferro Metals rises on reduced losses
20th Feb 2012 11:15
International Ferro Metals has managed to stem losses at its operations in the North West Province of South Africa. The company has reported production of ferrochrome down 15% in the final six months of 2011 compared to the same period of 2010. Sales fell 3% over the prior year. Revenues came in
Read moreInternational Ferro Metals' shares jump on production rise
24th Jan 2012 09:27
International Ferro Metals, the South African ferrochrome producer, saw production rise 15% in the final three months of 2011 compared to the same period of 2010. Ferrochrome is an essential ingredient in the manufacture of stainless steel. International Ferro Metals made 54,142 tonnes of the subst
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