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The UAE Produced 2.67 Million Barrels Per Day in October

Dec 13, 2012

Latest data from the Paris based International Energy Agency showed that the UAE, on average, produced 2.67 million barrels per day in October 0.74% lower than its output in September. IEA said that in the Q1 of 2013, increased ...

Tags: IEA, project expansions, oil production capacity

US and Omani Piping JV Secured USD 21 Million Worth of Contracts for Projects

Dec 13, 2012

A JV between United Pipeline Systems Inc and Special Technical Services of Oman has secured USD 21 million worth of contracts for projects across the MENA region. A Kuwaiti contract will see the pair supply and install a proprietary ...

Tags: contracts, projects, JV

Harsco Corporation Will Be Responsible for The Company's Liquidity Management

Dec 13, 2012

Global industrial company Harsco Corporation announced the promotion of Mr Robert G Yocum to Vice President and Treasurer, where he will be responsible for the Company's liquidity management, capital market activities, global treasury ...

Tags: promotion, financial partners, agency relationships

Metinvest Exported Finance Facility,Used for General Corporate Purposes

Dec 13, 2012

Ukraine-based vertically integrated mining and steel group Metinvest has announced that it has secured a USD 300 million 3 year pre export finance facility. The interest margin is 5.25% per annum over the LIBOR rate while there is a grace ...

Tags: iron ore price news, finance loan, steel construction, steel group

Prosecutors in The City of Taranto Issued a European Arrest Warrant for Mr Fabio Riva

Dec 13, 2012

ANSA reported that prosecutors in the city of Taranto on Monday issued a European arrest warrant for Mr Fabio Riva, an executive of the ILVA steel plant at the center of an environmental dispute between local prosecutors and the national ...

Tags: prosecutors, warrant, ILVA

GAZ Group and Mersa Otomotiv Have Announced Official Opening of an Assembly Facility

Dec 13, 2012

GAZ Group and Mersa Otomotiv have announced official opening of an assembly facility and market launch of GAZ light commercial vehicles in Turkey. The project includes SKD assembly of several models of GAZelle BUSINESS and Sobol BUSINESS ...

Tags: GAZ Group, Mersa Otomotiv, GAZ light commercial vehicles

MAN Truck Division Will Begin Reducing Its Production of Trucks

Dec 13, 2012

MENAFN reported that MAN truck division's director, Mr Anders Nielsen stated that starting January 14, the German company will begin reducing its production of trucks, reported Reuters citing daily Sueddeutsche Zeitung. Mr Nielsen said ...

Tags: trucks price, trucks sales, production process, production of trucks

We Expect Carpenter's Operating Results and End Markets

Dec 13, 2012

The rating on Wyomissing based Carpenter Technology Corp (Carpenter) reflects Standard & Poor's Ratings Services' assessment of the company's "satisfactory" business risk profile and "intermediate" financial risk profile. The company's ...

Tags: Metallurgy, Mineral

London and Shanghai Copper Prices Hit Their Highest in Nearly 7 Weeks

Dec 13, 2012

Reuters reported that London and Shanghai copper prices hit their highest in nearly 7 weeks cheered by news that China is seeking more effective policies to ensure stable economic growth. Concerns about the budget talks in Washington were ...

Tags: copper market, scrap metal price, copper scrap, copper price

German Steel Giant ThyssenKrupp While Announcing The Results Has Given Following Outlook

Dec 13, 2012

German steel giant ThyssenKrupp while announcing the results has given following outlook From today's perspective, the Group's performance in the 2012/2013 fiscal year will be characterized to a very large extent by the continued ...

Tags: outlook, ThyssenKrupp, operations, organic growth

Turkish Steel Pipe Exports Amounted to 1.7 Million Tonnes in The First 11 Months This Year

Dec 13, 2012

According to the statistics provided by the Turkish Steel Pipe Manufacturers Association, in the first 11 months of this year Turkey's total steel pipe exports amounted to 1.7 million tonnes increasing by 13.9% compared to the corresponding ...

Tags: steel pipe, steel scrap, steel beam, steel

It Is Reported That Analysts at Goldman Sachs Have Cut Coking Coal Prices

Dec 13, 2012

It is reported that analysts at Goldman Sachs have cut coking coal prices, saying that they see a slower, longer grind back to mid cycle. Goldman cut 2013 met coal prices by 8% to USD 178 per tonne Goldman cut 2014 met coal prices ...

Tags: coking coal prices, mid cycle, prices

The Term of This Agreement Is for 5 Years Commencing on 14th November 2012

Dec 13, 2012

Teknomining Plc announced that through its wholly owned subsidiary Teknomining Madencilik Insaat Turizm Ithalat Ihracat Sanayi Ve Ticaret Ltd Sti, it has signed a Mining Royalty Agreement with Teysel Insaat Nakliyat Taahhut Ticaret Ltd to ...

Tags: mining, iron ore price news, copper ore mining, royalty interests

Trans Caspian Project Should Be Viewed of Azerbaijan and Turkmenistan

Dec 13, 2012

Trans Caspian gas pipeline project should be viewed within sovereign rights of Azerbaijan and Turkmenistan. The negotiations on the legal status of the Caspian Sea are held in both bilateral and multilateral format within a special ...

Tags: gas pipeline project, negotiation, foreign minister

Quest Minerals Has Launched a Share Purchase Plan to Increase Funding

Dec 13, 2012

Quest Minerals has launched a share purchase plan to increase funding to develop its core projects the Perenjori Iron Ore project and Victory Bore. The plan is priced at USD 0.008 which is a 17% discount to the market, which ...

Tags: core projects, market, exploration target