A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Mineweb reported that Merafe Resources Ltd. (OTC Pink:MRAFY), a ferrochrome producer, and Xstrata plc (LSE:XTA) will close five of their joint venture’s 20 furnaces between January and March 2013 to help South African power utility Eskom deal with an electricity supply shortage.
Bloomberg reported that Zimbabwe will probably leave its chrome export ban in place in order to force local producers to process the metal within the country. The country has three smelters that together have an annual processing capacity of 1.5 million metric tons of chrome.
Bloomberg reported that Finland’s largest power user, stainless-steel maker Outokumpu (HEL:OUT1V), will increase its annual power consumption by 40 percent over the next two years, during which time it plans to double its ferrochrome output capacity to 540,000 metric tons per year.
Sama Resources Inc. (TSXV:SME) announced that drilling in the Bounta North sector of its West African Samapleu project intercepted massive chromite layers at depth.
Reuters reported that South Africa’s Merafe Resources Ltd. (OTC Pink:MERFF) saw a 70 percent increase in profit for the first half of 2012 even though its production dropped significantly.
Reuters reported that according to Merafe Resources, during the first half of 2012 China replaced South Africa as the world’s biggest producer of steel feedstock ferrochrome by accounting for 33 percent of global production.
Platts reported that Eurasian Natural Resources Corp. (LSE:ENRC) indicated that a decrease in output of high-carbon ferrochrome brought its production of ferroalloys down 1.3 percent from a year ago to 377,000 mt.
Mining Weekly reported that Northern Ontario’s Ring of Fire chromite deposit could be worth up to CA$50 billion and, with 30,000 claims currently established in the region, is likely to become one of Canada’s biggest mining hubs.
