The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital intensive and competitive nature of the steel industry. Steel margins are relatively weak and in our ...
Tags: OAO Severstal, steel industry, Russia, steel
According to City broker Investec, Afferro Mining remains well funded to pursue its exploration activities in Cameroon. In a note following the release of the explorer's Q3 financials analyst Mr Hunter Hillcoat said that the period was in ...
Tags: Afferro Mining, exploration activities, buy recommendation
Reuters reported that Brazil's Vale, the world's top iron ore producer, has blamed a Guinean government U turn on rail and port links and shifting, unclear regulation for its decision to shelve the giant Simandou iron ore project. Vale ...
Tags: Brazil's Vale, iron ore, Guinean government U, shareholders
SHARES in Wuhan Iron and Steel Co surged after the major Chinese steel mill announced a CNY 15 billion (USD 2.41 billion) private placement to acquire mining assets from its parent. According to a filing to the Shanghai Stock Exchange, ...
Cement results 1Q12 Dangote Cement has released its financial results for 1Q12. The results reveal an 8.9% y/y increase in profit before tax, rising from N27.4 billion in 2011 to N31.6 billion in 2012. Operating profits grew 13.7% y/y to ...
Tags: market view, cement
A SOLAR-POWERED LIGHT created by a Melbourne-based company is being used to light up the night for flood victims in Pakistan. Made entirely from environmentally responsible and recyclable materials, the Mandarin Ultra is an ...
Tags: solar lamp
A technology to process bamboo into wood has been introduced in the country. Mr Samuel Nyantakyi Agyepong, an Assistant District Manager at the Western Regional Office of the Forestry Services Division announced at weekend during a ...
Tags: market view, bamboo, wood