China’s non-ferrous metal output rose by 4 per cent in 2009 to hit 26.05 million tonnes, according to figures from the China Nonferrous Metals Industry Association.
Refined copper output was 4.11 million tons while virgin aluminium production stood at 12.85 million tons; in addition there was output of 3.71 million tons for lead, 4.36 million tons of zinc, 164,800 tons of nickel, 134,500 tons of tin, 165,800 tons of antimony, 500,800 tons of magnesium and 61,500 tons of titanium sponge.
However, the trade in non-ferrous metals fell in 2009 as a result of the crash in global commodities prices. Trade stood at US$83.2 billion, down 11.27% year on year.
Between them, ten regions of China, including Henan Province, Inner Mongolia Autonomous Region and Anhui Province, each produced more than one million tonnes of non-ferrous metals. Total output for these ten regions amounted to 18.78 million tonnes, 72.1% of the national total. Zhejiang Province plans to have five nonferrous metal producers with annual sales revenue exceeding RMB 10 billion each in the next three years.
Showing posts with label titanium. Show all posts
Showing posts with label titanium. Show all posts
Thursday, February 25, 2010
Saturday, October 10, 2009
Indo-Russia Titanium Project Under Threat
The Indo-Russian initiative for a Rs 2000-crore titanium project in Orissa has been pushed into deeper uncertainty as two sparring partners of the project, the Kolkata-based Saraf Agencies and the Russian promoters, have failed to reach any settlement on land allotment and share holding
The impasse continues despite a tripartite meeting involving the Orissa government, Saraf Agencies and the Russian promoters held on Tuesday and subsequent two rounds of meeting between the joint venture partners to sort out the differences.
“There has been no breakthrough in our talks and we could not arrive at any settlement despite two rounds of bipartite meetings. At present, there seems to be no way as to how we can convince the Russian promoters”, a top official of Saraf Agencies told Business Standard.
The project was to come up near Chhatrapur in Ganjam district under the banner of Titanium Products Pvt Ltd (TPPL). It is not clear whether the joint venture partners of, who are at loggerheads on the issues of land allotment and shareholding, would have a fresh round of talks.
Saurabh Garg, the state industries secretary said, “We have not received any communication from either of the parties on the progress of their talks. The state government is open to talks with the promoters of the titanium project but first they need to communicate to us.”
On Monday, the state government had directed the two partners of the project to iron out their differences. It may be noted that the proposed titanium project had run into rough weather after the Russian promoters had threatened to pull out of the project due to disputes with Saraf Agencies.
At the heart of the dispute was the controversial manner of land allotment for the project by the Orissa State Industrial Infrastructure Development Corporation (Idco).
Saraf Agencies had entered into a land lease agreement with Idco for around 200 acres of land near Chhatrapur in February this year. The Kolkata-based realty player intended to sub-lease the land to TPPL which had drawn flak from the Russian promoters, who wanted the land directly allotted to the JV company.
While Saraf Agencies held 45 per cent stake in the project, the Russian government held 51 per cent with the remaining four per cent belonging to JSC Technochim Holding, a Russian firm.
TPPL has proposed to invest around Rs 2,000 crore in two phases. This included Rs 1,150 crore in the first phase and Rs 850 crore in the second phase. The first phase of the project was scheduled to be completed by October 2010.
In the second phase, the company needed about 350 acres of land to develop the Special Economic Zone (SEZ). The proposed titanium plant will produce 1,08,000 tonnes of titanium slag, 68,000 tonnes of high purity pig iron, 40,000 tonnes of di-oxide pigment and 10,000 tonnes of titanium sponge per annum
Source: Business Standard
The impasse continues despite a tripartite meeting involving the Orissa government, Saraf Agencies and the Russian promoters held on Tuesday and subsequent two rounds of meeting between the joint venture partners to sort out the differences.
“There has been no breakthrough in our talks and we could not arrive at any settlement despite two rounds of bipartite meetings. At present, there seems to be no way as to how we can convince the Russian promoters”, a top official of Saraf Agencies told Business Standard.
The project was to come up near Chhatrapur in Ganjam district under the banner of Titanium Products Pvt Ltd (TPPL). It is not clear whether the joint venture partners of, who are at loggerheads on the issues of land allotment and shareholding, would have a fresh round of talks.
Saurabh Garg, the state industries secretary said, “We have not received any communication from either of the parties on the progress of their talks. The state government is open to talks with the promoters of the titanium project but first they need to communicate to us.”
On Monday, the state government had directed the two partners of the project to iron out their differences. It may be noted that the proposed titanium project had run into rough weather after the Russian promoters had threatened to pull out of the project due to disputes with Saraf Agencies.
At the heart of the dispute was the controversial manner of land allotment for the project by the Orissa State Industrial Infrastructure Development Corporation (Idco).
Saraf Agencies had entered into a land lease agreement with Idco for around 200 acres of land near Chhatrapur in February this year. The Kolkata-based realty player intended to sub-lease the land to TPPL which had drawn flak from the Russian promoters, who wanted the land directly allotted to the JV company.
While Saraf Agencies held 45 per cent stake in the project, the Russian government held 51 per cent with the remaining four per cent belonging to JSC Technochim Holding, a Russian firm.
TPPL has proposed to invest around Rs 2,000 crore in two phases. This included Rs 1,150 crore in the first phase and Rs 850 crore in the second phase. The first phase of the project was scheduled to be completed by October 2010.
In the second phase, the company needed about 350 acres of land to develop the Special Economic Zone (SEZ). The proposed titanium plant will produce 1,08,000 tonnes of titanium slag, 68,000 tonnes of high purity pig iron, 40,000 tonnes of di-oxide pigment and 10,000 tonnes of titanium sponge per annum
Source: Business Standard
Friday, October 2, 2009
Baobab To Launch Mozambique Exploration Project
A new exploration programme will be undertaken by Baobab Resources PLC on the Tete iron-vanadium and titanium project in Mozambique to expand on the established resource of 47.7 million tonnes of magnetite.
The resource statement and a statement from global consultant Coffey Mining on potential for between 400 to 700 million tonnes of magnetite-ilmenite mineralisation injected some life in share trading in Baobab on the London AIM board.
Technical director Ben James told Mineweb that Baobab had been a relatively lifeless stock on AIM until details of progress on the project were detailed last month - a factor that has also seen an appreciation in the share price.
The project is immediately north of the provincial capital of Tete and takes in five known vanadiferous-titano-magnetite deposits in what is known as the Massamba Group where there was the assessment for a major system by the mining consultant.
James said that drilling over about 500 metres of an established strike length of 8 kilometres at Tete has shown magnetite resource grades of 25% iron and can be upgraded to 64% Fe and 0.7% vanadium pentoxide.
Conceptual studies show that with a growth of resources, Baobab may have a resource that could produce a ferrovanadium product grading up to 68-69% Fe and 0.8% vanadium pentoxide, as well as a ferro titanium product.
The exploration progress detailed last month has seen several companies knocking on Baobab's door, including Chinese groups, but James said the company wants to undertake more work to prove scope for a major deposit - the first magnetite-iron mining project in Mozambique - before getting into serious discussions.
Baobab has a strategic partnership with International Finance Corporation which has taken a 15% direct stake in Tete.
In logistical terms, the company is well placed. The licences adjoin the substantial coal deposits being developed at Moatize and Benga by Vale and Riversdale. There is also a railway at the regional capital of Tete linking to the port of Beira, while hydro-power is available from the Cahora Bassa dam.
There is a strong Australasian influence in Baobab as Ben James is a product of what was New Zealand's Otago School of Mines, managing director Brett Townsend is a Western Australian, and so is the company's founding director and now marketing consultant Jon Crowe, a familiar face in southern Africa.
Source: Mineweb
The resource statement and a statement from global consultant Coffey Mining on potential for between 400 to 700 million tonnes of magnetite-ilmenite mineralisation injected some life in share trading in Baobab on the London AIM board.
Technical director Ben James told Mineweb that Baobab had been a relatively lifeless stock on AIM until details of progress on the project were detailed last month - a factor that has also seen an appreciation in the share price.
The project is immediately north of the provincial capital of Tete and takes in five known vanadiferous-titano-magnetite deposits in what is known as the Massamba Group where there was the assessment for a major system by the mining consultant.
James said that drilling over about 500 metres of an established strike length of 8 kilometres at Tete has shown magnetite resource grades of 25% iron and can be upgraded to 64% Fe and 0.7% vanadium pentoxide.
Conceptual studies show that with a growth of resources, Baobab may have a resource that could produce a ferrovanadium product grading up to 68-69% Fe and 0.8% vanadium pentoxide, as well as a ferro titanium product.
The exploration progress detailed last month has seen several companies knocking on Baobab's door, including Chinese groups, but James said the company wants to undertake more work to prove scope for a major deposit - the first magnetite-iron mining project in Mozambique - before getting into serious discussions.
Baobab has a strategic partnership with International Finance Corporation which has taken a 15% direct stake in Tete.
In logistical terms, the company is well placed. The licences adjoin the substantial coal deposits being developed at Moatize and Benga by Vale and Riversdale. There is also a railway at the regional capital of Tete linking to the port of Beira, while hydro-power is available from the Cahora Bassa dam.
There is a strong Australasian influence in Baobab as Ben James is a product of what was New Zealand's Otago School of Mines, managing director Brett Townsend is a Western Australian, and so is the company's founding director and now marketing consultant Jon Crowe, a familiar face in southern Africa.
Source: Mineweb
Thursday, October 1, 2009
India Tries To Salvage Titanium JV
While uncertainty looms large over the Rs 1,150-crore titanium project, an Indo-Russian joint venture, after the Russian partners threatened to quit the project, the Government is making all-out efforts to bring the warring factions to a negotiating table.
The proposed titanium project came under cloud when the Russian partners - the Russian Federation and the JSC Technochem Holding - objecting to certain decisions of the Indian partners wanted to pull out of the project.
Sharaf Agencies Private Limited (SAPL) and Titanium Mineral Products Limited (TMPL), the two Indian promoters, floated a joint venture company called Titanium Products Private Limited (TPPL) in association with the Russian promoters for establishment of a titanium project at Chattrapur in Ganjam district. The promoters of TPPL signed a memorandum of understanding with the State Government on October 15, 2008.
The Russian promoters, having 55 per cent stake in the project, complained to the Government that their Indian partners had taken certain decisions in their favour at the cost of the joint venture. Besides being minor partner in the company, the Indian promoters have not consulted the major partners on certain issues having financial implications.
As per the MoU, land to be provided by the Government for the project should be leased out to TPPL while the lease deed had been executed in favour of TMPL, the Russian promoters said. Incidentally, chairman of SAPLSM Shroff is the father of TMPL director Rahul Shroff.
The Russian promoters have also taken objection to certain investments by their Indian partners in the area of research on sea beach deposits, preparation of feasibility report on the setting up of synthetic rutile plant saying such investments are not part of the project cost.
After hearing the Russian partners on September 17, Minister of Industries Raghunath Mohanty today discussed the matter with SAPL chairman SM Shroff.
On the land dispute, Shroff told the Minister that once the project comes under the special economic zone (SEZ), there is no need to worry about the status of the land provided by the Government for the project. He also claimed that the investment so far made on the project is as per the agreement.
The Minister said that both the Russian and Indian promoters have agreed to come to a common negotiating table here on October 5.
The titanium project will have the capacity to produce 1.08 lakh tonnes of titanium slag per day, pig iron of 68,000 tonnes per day (tpa), 40,00 tpa of titanium dioxide pigment and 10,000 tpa of titanium sponge.
Source: Express Buzz
The proposed titanium project came under cloud when the Russian partners - the Russian Federation and the JSC Technochem Holding - objecting to certain decisions of the Indian partners wanted to pull out of the project.
Sharaf Agencies Private Limited (SAPL) and Titanium Mineral Products Limited (TMPL), the two Indian promoters, floated a joint venture company called Titanium Products Private Limited (TPPL) in association with the Russian promoters for establishment of a titanium project at Chattrapur in Ganjam district. The promoters of TPPL signed a memorandum of understanding with the State Government on October 15, 2008.
The Russian promoters, having 55 per cent stake in the project, complained to the Government that their Indian partners had taken certain decisions in their favour at the cost of the joint venture. Besides being minor partner in the company, the Indian promoters have not consulted the major partners on certain issues having financial implications.
As per the MoU, land to be provided by the Government for the project should be leased out to TPPL while the lease deed had been executed in favour of TMPL, the Russian promoters said. Incidentally, chairman of SAPLSM Shroff is the father of TMPL director Rahul Shroff.
The Russian promoters have also taken objection to certain investments by their Indian partners in the area of research on sea beach deposits, preparation of feasibility report on the setting up of synthetic rutile plant saying such investments are not part of the project cost.
After hearing the Russian partners on September 17, Minister of Industries Raghunath Mohanty today discussed the matter with SAPL chairman SM Shroff.
On the land dispute, Shroff told the Minister that once the project comes under the special economic zone (SEZ), there is no need to worry about the status of the land provided by the Government for the project. He also claimed that the investment so far made on the project is as per the agreement.
The Minister said that both the Russian and Indian promoters have agreed to come to a common negotiating table here on October 5.
The titanium project will have the capacity to produce 1.08 lakh tonnes of titanium slag per day, pig iron of 68,000 tonnes per day (tpa), 40,00 tpa of titanium dioxide pigment and 10,000 tpa of titanium sponge.
Source: Express Buzz
Wednesday, September 30, 2009
Posco Signs Kazakh Titanium JV
South Korean steelmaker Posco said yesterday it has signed a deal with the Ust-Kamenogorsk Titanium and Magnesium Plant, a Kazakh titanium sponge producer, to build a titanium slab plant in the eastern Kazakhstan.
With the joint venture, Korea will become the fourth country in the world to have a titanium slab production system behind the U.S., Russia and Japan.
Titanium is a high-end non-steel metal with a value that is 10 times that of steel products. It is traded at between 40 million won and 50 million won ($34,000 and $42,400) per ton. It is resistant to erosion and salt water but is lightweight. It is used for ships, airplane engines and nuclear power plants.
The two companies will each invest half of the approximately $50 million cost of the plant, to be completed in 2012. The titanium slabs manufactured in Kazakhstan will be made into titanium plates at Posco’s steel plant in Pohang.
Posco, which was once entirely reliant on titanium imports, hopes that the titanium produced at the plant in Kazakhstan will help reduce its imports of titanium to Korea as well as stabilize titanium prices. Domestic consumption of titanium is estimated at around 5,000 tons a year.
“There is a great deal of value in developing the rich resources in Kazakhstan,” said Chung Joon-yang, Posco’s president. “Starting with the titanium business Posco and Kazakhstan will continue to cooperate to develop infrastructure and natural resources.”
Karim Massimov, prime minister of Kazakhstan, said that the Korean steelmaker will have the full support of the Kazakh government.
Source: Joongang Daily
With the joint venture, Korea will become the fourth country in the world to have a titanium slab production system behind the U.S., Russia and Japan.
Titanium is a high-end non-steel metal with a value that is 10 times that of steel products. It is traded at between 40 million won and 50 million won ($34,000 and $42,400) per ton. It is resistant to erosion and salt water but is lightweight. It is used for ships, airplane engines and nuclear power plants.
The two companies will each invest half of the approximately $50 million cost of the plant, to be completed in 2012. The titanium slabs manufactured in Kazakhstan will be made into titanium plates at Posco’s steel plant in Pohang.
Posco, which was once entirely reliant on titanium imports, hopes that the titanium produced at the plant in Kazakhstan will help reduce its imports of titanium to Korea as well as stabilize titanium prices. Domestic consumption of titanium is estimated at around 5,000 tons a year.
“There is a great deal of value in developing the rich resources in Kazakhstan,” said Chung Joon-yang, Posco’s president. “Starting with the titanium business Posco and Kazakhstan will continue to cooperate to develop infrastructure and natural resources.”
Karim Massimov, prime minister of Kazakhstan, said that the Korean steelmaker will have the full support of the Kazakh government.
Source: Joongang Daily
Tuesday, September 15, 2009
Titanium Project To Feature In Russia-India Talks
A high-level Russian delegation, including government officials, is scheduled to arrive in Bhubaneswar on September 17 to hold talks with the state government on the proposed titanium project in Ganjam district.
The Rs 1150-crore project has run into controversy in the wake of differences between the Indian and Russian promoters of the company, Titanium Products Private Limited (TPPL), which had last year signed an MoU with the government to establish the unit. The Indo-Russian project had drawn much attention as it envisaged utilization of beach sand minerals to produce titanium sponge, a virgin metal highly in demand all over the world.
Sources said that an 11-member Russian team, including the country's deputy minister for industry I S Materov and top government official U M Medvedev, would be coming with a view to remove the obstacles in execution of the project. TPPLs Russian partners, namely, Government of Russia and JSC Technochim Holding, have taken strong exception to the controversial manner in which the state-owned Industrial Infrastructure Development Corporation of Orissa Limited (Idco) has allotted land for the FDI project.
Idco had executed a lease deed with Kolkata-based Saraf Agencies Private Limited (SAPL), the Indian stakeholder in TPPL, on February 2, 2009, for around 199 acres in Chhattrapur area of Ganjam. The Russians have objected to this on grounds that the land ought to have been given to TPPL instead of SAPL, which in turn has offered to sub-lease the land to TPPL.
Native site as the Russian government is keen on the project and has the wherewithal to go alone if necessary. The Saraf group, it may be noted, has also drawn up plans to establish a titanium plant on its own, sources said.
A senior state industries department official, on his part, said the government is open to all possibilities and, if required, provide land for two titanium projects.
Source: Times Of India
The Rs 1150-crore project has run into controversy in the wake of differences between the Indian and Russian promoters of the company, Titanium Products Private Limited (TPPL), which had last year signed an MoU with the government to establish the unit. The Indo-Russian project had drawn much attention as it envisaged utilization of beach sand minerals to produce titanium sponge, a virgin metal highly in demand all over the world.
Sources said that an 11-member Russian team, including the country's deputy minister for industry I S Materov and top government official U M Medvedev, would be coming with a view to remove the obstacles in execution of the project. TPPLs Russian partners, namely, Government of Russia and JSC Technochim Holding, have taken strong exception to the controversial manner in which the state-owned Industrial Infrastructure Development Corporation of Orissa Limited (Idco) has allotted land for the FDI project.
Idco had executed a lease deed with Kolkata-based Saraf Agencies Private Limited (SAPL), the Indian stakeholder in TPPL, on February 2, 2009, for around 199 acres in Chhattrapur area of Ganjam. The Russians have objected to this on grounds that the land ought to have been given to TPPL instead of SAPL, which in turn has offered to sub-lease the land to TPPL.
Native site as the Russian government is keen on the project and has the wherewithal to go alone if necessary. The Saraf group, it may be noted, has also drawn up plans to establish a titanium plant on its own, sources said.
A senior state industries department official, on his part, said the government is open to all possibilities and, if required, provide land for two titanium projects.
Source: Times Of India
Thursday, August 20, 2009
Orissa Titanium Plant To Resume Production In Next Two Years
The Rs 2000-crore integrated titanium plant proposed to be set up near Chhatrapur in south Orissa's Ganjam district is expected to resume production in the next two years.
The plant is being set up by the Titanium Products Private Limited (TPPL), a joint venture (JV) company between Kolkata-based Saraf Agencies and the Russian government.
Earlier, the company had announced to start construction work in October 2010.
“The work on the titanium plant was delayed because of the elections”, said SL Modi, general manager, TPPL.
The construction of the plant would commence within a couple of months, he added.
The JV company had announced an investment of Rs 2,000 crore on the plant in two phases. The estimates also include the cost of establishing a Special Economic Zone (SEZ). While Rs 1,150 crore would be invested in the first phase, the second phase would cost another Rs 850 crore. The plant aimed to produce 1,08,000 tonnes of titanium slag, 68,000 tonnes of high purity pig iron, 40,000 tonnes of dioxide pigment and 10,000 tonnes of titanium sponge per annum. The company has already acquired around 300 acres of land as against the requirement of around 600 acres for the plant and the proposed SEZ.
While the integrated titanium project will be set up in 250 acres, around 350 acres were needed for the proposed SEZ. The land acquisition process is underway, said Modi.
“The company has got all the necessary clearances for the project including the environment clearance from the Union ministry of environment and forest (MoEF). The Centre has also approved the proposed SEZ project of the company”, he claimed.
TTPL has already invested around Rs 125 crore on the project.
The company will procure the raw material Ilmenite from the Orissa Sands Complex (OSCOM), a unit of Indian Rare Earths Limited (IREL), located near the proposed site of the integrated titanium project.
Source: Business Standard
The plant is being set up by the Titanium Products Private Limited (TPPL), a joint venture (JV) company between Kolkata-based Saraf Agencies and the Russian government.
Earlier, the company had announced to start construction work in October 2010.
“The work on the titanium plant was delayed because of the elections”, said SL Modi, general manager, TPPL.
The construction of the plant would commence within a couple of months, he added.
The JV company had announced an investment of Rs 2,000 crore on the plant in two phases. The estimates also include the cost of establishing a Special Economic Zone (SEZ). While Rs 1,150 crore would be invested in the first phase, the second phase would cost another Rs 850 crore. The plant aimed to produce 1,08,000 tonnes of titanium slag, 68,000 tonnes of high purity pig iron, 40,000 tonnes of dioxide pigment and 10,000 tonnes of titanium sponge per annum. The company has already acquired around 300 acres of land as against the requirement of around 600 acres for the plant and the proposed SEZ.
While the integrated titanium project will be set up in 250 acres, around 350 acres were needed for the proposed SEZ. The land acquisition process is underway, said Modi.
“The company has got all the necessary clearances for the project including the environment clearance from the Union ministry of environment and forest (MoEF). The Centre has also approved the proposed SEZ project of the company”, he claimed.
TTPL has already invested around Rs 125 crore on the project.
The company will procure the raw material Ilmenite from the Orissa Sands Complex (OSCOM), a unit of Indian Rare Earths Limited (IREL), located near the proposed site of the integrated titanium project.
Source: Business Standard
Wednesday, January 14, 2009
Panzhihua On Track With Titanium Concentrate Expansion
The Panzhihua Steel Group is looking to complete a CNY 290 million project titanium concentrate capacity expansion project by the end of August.
The project, which began last September will enhance Pangang’s titanium ore output from 300,000 tonnes per year to 470,000 tonnes per year to become the largest domestic Titanium raw material base.
Recent projects have included a titanium sponge project and a 180,000 tonnes per year titanium-rich slag project, further raising Panzhihua's profile in the domestic Ti-industry.
Meanwhile Pangang, the largest iron and steel group in the south-east of China, is currently engaged in a titanium ore expansion project which began last September and is scheduled to be completed by August.
Source: Steel Guru
The project, which began last September will enhance Pangang’s titanium ore output from 300,000 tonnes per year to 470,000 tonnes per year to become the largest domestic Titanium raw material base.
Recent projects have included a titanium sponge project and a 180,000 tonnes per year titanium-rich slag project, further raising Panzhihua's profile in the domestic Ti-industry.
Meanwhile Pangang, the largest iron and steel group in the south-east of China, is currently engaged in a titanium ore expansion project which began last September and is scheduled to be completed by August.
Source: Steel Guru
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