Oceania Economy news, Markets and Business Trends - Made-in-China.com

Steel Minister to Discuss Issues Related to Greater Cooperation in Mining and Steel Sector

Dec 13, 2012

Mr Beni Prasad Verma the union minister of Steel met with Mr Martin Ferguson the minister for Resources, Energy and Tourism, Government of Australia, when the latter called upon the Steel Minister to discuss issues related to greater ...

Tags: tourism australia, steel supplies, mining gold, calls to india

Steel Imports Declined in October by 2.5% Compared to September

Dec 13, 2012

According to preliminary government data, steel imports declined in October by 2.5% compared to September. Mr David Phelps president of AIIS said that "Steel imports declined again in October as demand softened across most product lines. ...

Tags: structural steel, steel scrap price, iron ore price news

WEMPCO Began The Trial-Run of Its New Multi-Billion Naira Integrated Steel Mill

Dec 13, 2012

Western Metal Products Company Limited on Friday began the trial-run of its new multi-billion naira integrated steel mill. This came amid promises of support from the Federal Government that it would be more careful in future in the choice ...

Tags: steel mill, Western Metal Products Company Limited

Company Expects The Global Copper Market to Swing Into a Slight Surplus in 2013

Dec 13, 2012

Reuters cited Mr Thomas Keller CEO of Codelco as saying that company expects the global copper market to swing into a slight surplus in 2013 after several years of deficit but the small excess will have little impact on prices. ...

Tags: copper market, copper price, global economy

5 International Engineering Firms Bid to Build 50,000 Tonnes Per Year Polyacetal Plant

Dec 13, 2012

Reuters reported that 5 international engineering firms have bid to build 50,000 tonnes per year polyacetal plant at Ibn Sina an affiliate of Saudi Basic Industries Corporation. SABIC said in 2010 the project, producing a plastic which is ...

Tags: polyacetal plant, plastic waste, steel construction, car industry

The Agreement Was Signed Here

Dec 12, 2012

Cam Iron the Cameroon subsidiary of the Australian based Sundance Resources Limited that carried out exploration of iron ore deposits in the country's east region has been awarded a mining agreement prior to the final stage in the mining of ...

Tags: iron ore, Cam Iron, deep water iron ore export terminal

Launch of a Heavy Duty Tipper for Use in Mining, Construction and Infrastructure Sectors

Dec 12, 2012

AMW Motors Ltd announced that the launch of a new heavy duty tipper for use in the mining, construction and infrastructure sectors. AMW Motors said that the tipper can encounter high gradients, especially in deep mining applications. AMW ...

Tags: heavy duty tipper, AMW Motors Ltd, mining

Jindal Steel and Power Will Invest to Build a Power Plant

Dec 12, 2012

Business Standard reported that Jindal Steel and Power will invest around USD 500 million in Cameroon to build a power plant, a railway line and an iron ore processing plant. The 500 MW thermal power station will be built in the ...

Tags: Jindal Steel and Power, ore, Cameroon, power plant

Rosneft & ExxonMobil Signed an Agreement to Explore The Commercial Potential of Oil Fields

Dec 12, 2012

RIA Novosti reported that Russian and US oil majors Rosneft and ExxonMobil signed an agreement to jointly explore the commercial potential of oil fields in Western Siberia. The two companies will create JV in which Rosneft will hold 51 ...

Tags: commercial potential of oil fields, ExxonMobil, energy exploration

ArcelorMittal Vowed on Friday to Kick Start a EUR 180 Million,Five Year Investment Program

Dec 12, 2012

Reuters reported that ArcelorMittal vowed on Friday to kick start a EUR 180 million, five year investment program at its Florange site in eastern France in the first quarter of 2013, seeking to allay union concerns over job cuts. ...

Tags: ArcelorMittal, steelmaking, blast furnaces

London Copper Inched up After a Prominent US Lawmaker Expressed Confidence

Dec 12, 2012

Reuters reported that London copper inched up after a prominent US lawmaker expressed confidence the world's top economy would avert a looming fiscal crisis but worries China's return to growth will be sluggish weighed on sentiment. ...

Tags: copper price, economy situation, copper stock

West African Resources Extended The Shallow Copper and Gold Mineralization in Burkina Faso

Dec 12, 2012

West African Resources has extended the shallow copper and gold mineralization at its Sartenga Prospect in Burkina Faso through its latest drilling. Aircore drilling has confirmed the mineralization now extends more than 500 meters in ...

Tags: shallow copper, gold mineralization, drilling, aircore drilling

Selection of an EPC Contractor Would Be Done Through a Global Tendering Process

Dec 12, 2012

Business Line reported that MSTC Ltd is setting up INR 120 crore automotive and white goods steel scrap shredding unit at Dahej in Gujarat. For installing the unit, to be built on a 20 acre plot, selection of an EPC contractor would be ...

Tags: inferior steel making, white goods steel, auto grade steel

Different Companies Have Set up Their Projects

Dec 12, 2012

As per a PTI report, Odisha has already achieved steel production capacity of 12.66 million tonne per annum and may reach 77.16 million tonne per annum after commissioning of projects for which 49 MoUs have been signed with corporates. Mr ...

Tags: steel production capacity, Odisha Steel and Mines, integrated steel

Australia's Current Account Deficit Widened in The 3 Months Through September

Dec 12, 2012

Australia's current account deficit widened in the 3 months through September as exports of coal and iron ore plunged amid falling commodity prices. The Australian Bureau of Statistics said that the shortfall in goods, services and ...

Tags: iron ore price news, mining australia, australia economy, iron

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