Volatility in global oil markets and the potential long-tail effects on shipping and energy pricing could have far-reaching consequences for commodity markets and South Africa’s mineral export sector, United Manganese of Kalahari (UMK) chief executive Malcolm Curror said on Wednesday. Oil prices have surged sharply in recent weeks amid supply […]
United Manganese of Kalahari (UMK) announced today its choice to exclusively use rail transport for manganese exports. Chief Executive Malcolm Curror mentioned that the company is responding to softer market conditions and the current dynamics of supply and demand. Curror has reported that the manganese ore inventories at Chinese ports […]
Johannesburg: United Manganese of Kalahari (UMK) announced today that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and […]
