ITFMF International Ferro Metals Ltd featured news, full reports, and detailed charts
International Ferro Metals Ltd (ITFMF/ITFMF.PK) Wrap Up:
International Ferro Metals Limited engages in the processing of chromite in South Africa; and production and sale of ferrochrome used in the stainless steel industry internationally. It owns Lesedi chromite mines and integrated ferrochrome processing and beneficiation facility situated at Buffelsfontein, 100 kilometers north-west of Johannesburg, South Africa; and 80% interest in the Sky Chrome project, a ferrochrome resource located adjacent to the Buffelsfontein mine. The company is headquartered in Sydney, Australia.International Ferro Metals Ltd (ITFMF:Pink OTC Markets Inc)
Snapshot of International Ferro Metals Ltd (ITFMF)
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OPEN
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PREVIOUS CLOSE
$0.88
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/15/09 - $0.90
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52 WEEK LOW
01/6/09 - $0.28
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MARKET CAP
487.5M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
554.0M
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ITFMF Does Not Pay Dividends
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P/E TTM
NM
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ITFMF Top Compensated Officers
Executives, Board Directors
Key developments for International Ferro Metals Ltd (ITFMF)
International Ferro Metals Limited announced that Mr. Ian Watson will not be seeking re-election at the forth coming Annual General Meeting of the company on November 12, 2009. Accordingly Mr. Watson will retire as a director at the conclusion of the Meeting and the resolution for his re-election will not be put to the Meeting. The board of IFL has begun the search process for an independent non executive director who will satisfy the criteria for independence as set out in the Combined Code on Corporate Governance.
International Ferro Metals Limited announced that annual general meeting to be held on November 12, 2009, to consider the clause 3.7 of the company's Constitution be amended by reducing the period in which a pre-emption offer may be accepted by shareholders from 21 days to 14 days.
International Ferro Metals Limited, Annual General Meeting, Nov 12, 2009, at 10:00 EAST-East Australian Standard GST. Location: Level 27, AMP Centre, 50 Bridge Street, Sydney, NSW, 2000,Australia. Agenda: To receive the financial statements and the reports of the directors and independent auditor for the year ended June 30, 2009; to consider remuneration report contained in the financial statements for the year 2009; to re-elect Stephen Turner, Stephen Oke and Ian Watson who retire by rotation; to consider the amendment to Constitution, that clause 3.7 of the company's Constitution be amended by reducing the period in which a pre-emption offer may be accepted by Shareholders from 21 days to 14 days .
ITFMF Competitors
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Industry Analysis
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ITFMF transactions
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Private Placement
August 3, 2009 |
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More Recent News About International Ferro Metals Ltd
More news for ITFMF
Preliminary 2008 INTERNATIONAL FERRO METALS LTD Earnings Release - Before Market Open
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Xstrata Dulls Steel Outlook
Monday's decision by Xstrata to cut back on the production of ferrochrome--a key material used in the making of stainless steel--indicates that the year ahead will be troublesome for the global stainless steel industry and those who supply it. Shares across the European mining sector dropped on Monday after Xstrata and its ferrochrome joint-venture partner Merafe Resources said they had suspended production on five furnaces, just three weeks after halting six others, due to "short-term weakness in demand." The move nearly halves their total annual ferrochrome production capacity, taking it down to 906,000 tons, from 1.8 million tons before the first cut, and 1.3 million before the second. "The move shows how bad stainless steel demand is," said Evolution Securities analyst Charles Cooper. He added that more cuts could be expected not only from other ferrochrome producers, but also from other suppliers to the stainless steel industry, such as coking coal and nickel producers. With 70.0% of global ferrochrome production directed towards stainless steel making, it is also an indicator of the devastating impact that the slump in the global economy is having on that industry. "We have seen big slowdowns in the United States and Europe, but even in China, the level of housing sales around Beijing has slowed dramatically and construction is tanking," said Cooper, adding that stainless steel makers in China were reportedly sitting on large stocks of goods and consumers of ferrochrome were cancelling orders. Shares of Zug, Switzerland-based (other-otc: XSRAY - news - people ) slid 7.1%, or 1.20 Swiss fran...Click here to read the whole Article (external link)