Mining Weekly reported that according to Gabon's Mines Minister, BHP Billiton (ASX:BHP,LSE:BLT) will meet with the government of Gabon on April 16 to finalize a convention for the development of a manganese mine.
Markets prepare for possible supply shortfall as BHP Billiton announces suspension of its TEMCO manganese alloy smelter in Australia.
London South East reported that BHP Billiton (ASX:BHP) will close its Tasmanian manganese production facility.
Business Insider reported on BHP Billiton's (NYSE:BHP) recent price slashing on manganese imports to China.
The price of manganese, an essential ingredient in steel production, has been declining, down some 40 percent year-over-year. Upwards of 12 million tonnes of new supply is coming from South Africa, weight down prices. However due to issues with Chinese manganese production, the country will have to increase imports.
Fox Business reported that BHP Billiton (NYSE:BHP) sees increased demand for coal and manganese from China and India.
Reuters reported that output at the GEMCO manganese mine is expected to increase due to expansion.
Prices for March delivery of manganese in China have slipped due to fierce competition and excess inventory. The ramp up in manganese production in 2010 seems to have hit a ceiling in the short term. However, long term outlook shows increased demand for the metal going forward.
Toronto Morning Star reported on BHP Billiton`s (NYSE:BHP) record profits from its fiscal first half.
Reuters reported that BHP Billiton (NYSE:BHP) has suspended operations at the Wessels mine. The market news is quoted as saying: An employee was killed in an accident on site. To read the full market news, click here.
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