EARNINGS: Hansard Global profit down; Flowtech cuts outlook
26th Sep 2024 19:33
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Ferro-Alloy Resources Ltd on Friday said it processed more concentrate in 2023, compared to a year earlier, and expects to maintain production levels in the first half of 2024. Read More
Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Says revenue and profitability in the fourth quarter of 2023 have been lower than previously expected due to falling metal prices and production shortfalls. Market prices for all of recovered metals have deteriorated significantly during the quarter, largely due to decreased demand, Ferro-Alloy explains. Vanadium pentoxide, for example, fell to a low of USD40.00 per pound from USD54.50 on September 1. "Looking ahead to 2024, the company will continue to work to maintain profitability in the current low-price environment by renegotiating concentrate costs and other contractual terms. The company is also experimenting with new types of concentrate which, whilst producing the same quality of product, could be potentially more profitable," Ferro-Alloy adds. Chief Executive Officer says: "The longer term outlook for vanadium, regarded as a critical metal by the UK, EU and the US remains highly encouraging." Read More
Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Notes the sale of all bonds issued under the USD5 million second tranche of the Kazakhstan exempt offer bond programme. The nominal value of the second tranche was USD5 million, with a nominal coupon rate of 10%, payable quarterly, and a three year maturity. Ferro-Alloy had listed the second trance of bonds in September, to accelerate the development of the Balasausqandiq project including front-end engineering. Read More
Ferro-Alloy Resources Ltd - vanadium producer in Kazakhstan - Reports year-on-year and monthly fall in production in the third quarter of 2023, citing delays and defaults by suppliers. Tonnes of concentrate processed falls to 314.0 from 538.4 a year ago and from 1,016.6 a quarter ago. Tonnes of vanadium pentoxide produced falls to 47.3 from 69.9 a year ago and from 141.4 a month ago. Tonnes of molybdenum produced declines to 6.4 from 11.0 a year ago and from 14.1 a month ago. Tonnes of nickel produced falls to 15.7 from 26.9 a year ago and from 50.8 a month ago. Chief Executive Officer Nick Bridgen highlights that the second quarter of 2023 had the "best production quarter to date" which explains the large output figures for that period. He adds: "Output has been restricted by defaults by our suppliers in addition to logistics delays. That being said, with the steps that we've taken to increase the quality and number of concentrate suppliers we deal with, the deliveries that have been made to site in the last few days and the pipeline of deliveries already in transit, we are confident that production will not be affected by any foreseeable supply shortages this year and beyond." Read More
(Alliance News) - Ferro-Alloy Resources Ltd on Monday said that its output was impacted by a lack of raw materials in the first half of 2023 due to defaults of some of its suppliers. Read More
(Alliance News) - Ferro-Alloy Resources Ltd on Monday warned of a "material impact" on third-quarter results from concentrate supply delays and low vanadium prices. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Kazakhstan unrest threatens Caspian Sunrise and Ferro-Alloy operations Read More
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IN BRIEF: Ferro-Alloy Resources rejigs production plans Read More
IN BRIEF: Ferro-Alloy gets Kazahstan patent for vanadium technology Read More