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Sumitomo to spend USD 1.9 billion in nickel mine

Friday, May 23rd, 2008

The Nikkei business daily reported that Japan’s Sumitomo Metal Mining Co plans to spend about JPY 200 billion (USD 1.9 billion) to develop a nickel mine in the Solomon Islands in the South Pacific.
 
 The Nikkei said that the firm plans to build a refinery in the island nation and start processing nickel ore into nickel metal with 55 % purity around 2013, to be shipped to its plant in Japan for further processing.

Import price of manganese ore at Chinese ports

Tuesday, May 20th, 2008

It is reported that import price of Mn ore at Chinese ports is under
 

?Grade Price Origin
 
Mn>45% lump 125-130 Gabon
 
Mn>43% lump 120-130 Australia
 
Mn:45% small grain 115 Australia
 
Mn:45%medium granularity 115 Brazil
 
Mn:46% lump 120-125 Brazil
 
Mn:47% small grain 110 South Africa
 
Mn:50% lump - Zambia
 
     

Price in CNY per MTU