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Southern Hemisphere Mining Has Added The Experienced Mr Paul McRae

Dec 12, 2012

Southern Hemisphere Mining has added the experienced Mr Paul McRae to the board as a non executive director. Mr McRae is serving as nominee director for Lundin Mining Corporation where he currently holds the position of senior VP, ...

Tags: Southern Hemisphere Mining, mining industrial projects

Vale SA Plans to Accelerate Growth in Iron Ore Output

Dec 12, 2012

Bloomberg reported that Vale SA plans to accelerate growth in iron ore output to recover market share it has lost to competitors including BHP Billiton Ltd and Rio Tinto Group. Mr Jose Carlos Martins head of ferrous and strategy at an ...

Tags: iron ore, Vale SA, BHP Billiton Ltd, Rio Tinto Group

Turkey's Iron and Steel Imports Totaled USD 1.7 Billion Decreasing by 4% YOY

Dec 12, 2012

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute and the Turkish Undersecretariat of Customs, in October this year Turkey's iron and steel imports totaled USD 1.7 billion decreasing by 4% ...

Tags: buy steel pipe, stainless steel, chrome steel, steel construction

Insteel Industries's Board of Directors Declared a Cash Dividend of USD 0.25 Per Share

Dec 12, 2012

Insteel Industries, Inc announced that its board of directors declared a special cash dividend of USD 0.25 per share on the Company's common stock payable on December 28th 2012 to shareholders of record as of December 19th 2012 The ...

Tags: Insteel Industries, cash dividend, special dividend

Business Line Has Immense Investment Potential in The Country

Dec 12, 2012

Business Line cited Mr Y Sivasagara Rao former CMD of the Visakhaptnam Steel Plant as saying that hydrated lime industry has immense investment potential in the country as the steel industry is set for a boom and it is one of the key raw ...

Tags: buy steel pipe, iron ore demand, recycling steel, one steel

The Drop in The Iron Ore Price Impacted The Business But That Prices Have Now Rebounded

Dec 12, 2012

Mr Bill Hooley CEO of Anglesey Mining explains that the drop in the iron ore price impacted the business but that prices have now rebounded from the August September lows and things are now much improved at the Canadian operations. Mr ...

Tags: Zinc Markets, Mining, iron ore

Gazprom Has Identified Gazprom Gazomotornoye Toplivo

Dec 12, 2012

Gazprom has identified Gazprom Gazomotornoye Toplivo as the company that will consolidate the Group's assets related to the NGV fuel production and sales. The main business lines of the new company include devising and implementing the ...

Tags: Gazprom Gazomotornoye Toplivo, NGV, fuel production

TDK Introduced 105 Degree Celsius Snap-in Series of EPCOS Aluminum Electrolytic Capacitors

Dec 12, 2012

TDK Corporation, a provider of passive components and magnetic application products has introduced two new 105 degree Celsius snap-in series of EPCOS aluminum electrolytic capacitors with a very high ripple current capability and a longer ...

Tags: electrolytic capacitors, aluminum electrolytic capacitors, capacitors

RHI 2012 Operating Margin Would Still Rise to Around 9.5%

Dec 12, 2012

Reuters reported that Austrian fireproof materials maker RHI expects its fourth quarter results to weaken somewhat from the really fantastic levels it generated in the first three quarters as a steel sector slump hits home. Chief ...

Tags: steel houses, steel building, steel frame window, steel metal

Oman Gas Company Studys a Number of Initiatives Designed to Add Value to Gas Resources

Dec 12, 2012

Oman Daily Observers reported that Oman Gas Company is studying a number of initiatives designed to add value to the country's gas resources. Mr Maktoom al Matani GM of Engineering and Technical Services OGC said that the proposed ...

Tags: Oman Gas Company, gas resources, natural gas liquids

London Mining Hired Mr Michael Miles to Be Its Chairman

Dec 12, 2012

Reuters reported that iron ore miner London Mining has hired Mr Michael Miles to be its chairman, appointing the former chairman of fund manager Schroders to its board with immediate effect. The miner, which produces iron ore in Sierra ...

Tags: iron ore miner London Mining, iron ore, fund manager Schroders

Friedman Industries Declared Special Cash Dividend of USD 0.50 Per Share

Dec 12, 2012

The Board of Directors of Friedman Industries, Incorporated a Texas based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 7, 2012, a special cash dividend of USD 0.50 per share ...

Tags: pipe manufacturing, steel processing, steel and pipe distribution

BP Will Outline Growth Plans for Its Oil and Gas Production Arm

Dec 12, 2012

Reuters reported that oil major BP will outline growth plans for its oil and gas production arm on Monday in its first strategy update since striking a series of deals aimed at getting its Russian and US operations back on track. Like all ...

Tags: oil&gas drilling, oil rig jobs, jobs in oil and gas, oil heating prices

CEO Has Had His Hands Full Cleaning up Some Thorny Problems Left

Dec 12, 2012

Reuters reported that fresh from axing half of his management board this week, ThyssenKrupp chief executive Mr Heinrich Hiesinger is expected to ring in a new era at Germany's top steelmaker when he presents results on Tuesday. The CEO ...

Tags: steelmaker, steel companies, car parts, dependence on steel

Estonia Denied Nord Stream's Request to Study Areas of The Baltic Sea Bed

Dec 12, 2012

RIA Novosti reported that Estonia denied Nord Stream’s request to study areas of the Baltic Sea bed falling within the nation’s commercial waters. In August, the pipeline’s operator requested official permission from the ...

Tags: integrated twin pipeline system, gas, pipeline's operator