It’s reported that Indian steel giant Tata Steel is interested in iron ore assets of one UK’s largest steel trading company, Stemcor. The company asks for banks’ rescue of more than US$1 billion loans as it was ...
Tags: Tata steel, Iron Ore
Indian state-run miner NMDC is currently not in negotiation for acquisition of coal and iron ore mines, in Brazil or in any other country, according to the Press Information Bureau of India. During a speech in the Indian parliament, Dr. D ...
Tags: Steel Industry, Steel, Raw Material
The government of Algeria has decided to increase its control of local steel producer ArcelorMittal Annaba which was purchased by ArcelorMittal in 2001, according to domestic media reports. The Algerian government will pay $200 million ...
Tags: Algeria, Arcelormittal Annaba, Mineral
London-listed resources company Astra Resources has announced that it is negotiating the acquisition of up to three iron ore mines in the Keonjhar district of the Indian state of Orissa. Three iron ore mines have been identified to meet ...
Tags: Astra Resources, iron ore mines, iron ore
The Australian dollar was little changed yesterday in Asian trading, in a muted response to remarks from US Federal Reserve chairman Ben Bernanke that the world's largest economy still had quite a way to go towards recovery, despite recent ...
Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
Asaplus Resources continues to trade at a 5% premium to its IPO entry price one month on from listing. The company listed on November 16th 2012 following a a successful IPO which offered 10 million shares at USD 0.20 to raise USD 2 million. ...
Tags: Resources, Silverstone Project, iron ore, ore resources
Anshan Iron and Steel Group has received approval from the National Development and Reform Commission for its largest ever expansion project. The project covers the developing of three new iron ore mines, expanding the current seven iron ...
Tags: Anshan Steel, Iron, Steel, expansion project
Business Standard reported that the state owned Odisha Mining Corporation, a minority shareholder in the MMTC managed Neelachal Ispat Nigam Ltd, proposes to buyout shares of another state company, Industrial Promotion and Investment ...
Tags: Odisha Mining Corporation, mining, iron ore mines, steel plants
Private company Sichuan Hanlong Company, after the approval of Anshan Steel s biggest ever expansion plan on iron ore mines, is in view of a partnership with state owned enterprises to build up a major iron ore mine in western Africa. ...
Tags: Sichuan Hanlong Company, Anshan Steel, iron ore, mining
PTI quoted government auditor CAG as saying that state owned iron ore producer NMDC needs to come up with a specific strategy to acquire mines overseas. CAG in a recent report said that "Company has been making efforts to acquire mines ...
Bloomberg reported that POSCO agreed to buy a stake in ArcelorMittal Mines Canada Inc. Mr Chung Jae Woong spokesman of POSCO said that POSCO hasn’t decided on the amount of stake it will purchase or for how much The Maeil Business ...
Tags: POSCO, ArcelorMittal Mines Canada, iron ore, company news
Fitch Ratings forecasts that after a period of severe destocking in 2012,raw steel production in China will grow 3%to 4%in 2013.But the ratings agency also believes that Chinese steel demand has likely peaked and should grow at less than ...
PTI cited a senior official of Steel Ministry as saying that the proposal to set up a steel plant jointly by state owned NMDC and Russia's Severstal has been put in cold storage as both the companies are not willing to lose management ...
Tags: PTI, NDMC, POSCO, JV company, Management Issue, steel maker, Severstal
The international credit ratings agency Standard and Poor's has announced that the France based seamless steel tube producer Vallourec will maintain its strong market positions in premium steel pipes and connections for the oil and gas ...
Tags: Standard and Poor, seamless steel tube, Vallourec, market positions