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Metallurgical Industries Holding Company Decided to Offer an International Tender

Dec 12, 2012

The Metallurgical Industries Holding Company decided to offer an international tender among specialized consulting firms for the development of factories of the Iron and Steel Company in Helwan. Mr Mohamed Saad Negeda chairman of Iron and ...

Tags: Iron and Steel Company, Metallurgical Industries Holding Company

Gas and Mining Sectors Around The World Held 2 Day Conference

Dec 12, 2012

Revenue Watch, a capacity building and technical assistance organization that focuses on building capacity for good governance in the oil, gas and mining sectors around the world held 2 day conference at the Al Waddan Hotel in Tripoli. The ...

Tags: oil, gas, mining sectors

The Situation for Mining and Steel Companies in Karnataka Continues to Be Grim

Dec 12, 2012

It is reported that the situation for mining and steel companies in Karnataka continues to be grim despite the Supreme Court order allowing some of the mines to resume operations. Delays in getting clearances from government bodies and in ...

Tags: mines, mining plans, mining and steel industries

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

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

ArcelorMittal Steel Products Play a Significant Role in The Infrastructure Program

Dec 12, 2012

ArcelorMittal South Africa's steel products are continuing to play a significant role in the country's USD 90 billion infrastructure program. With electricity prices having increased an average of 25% per year over the last four years, and ...

Tags: steel products, electricity, steel

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

Egypt's Ministry and Foreign Trade Announced Protective Tariffs on Rebar Imports

Dec 12, 2012

Egypt's ministry of industry and foreign trade announced that protective tariffs on imported steel rebars would temporarily be applied at a rate of 6.8% at a minimum of EGP 299 per tonne for roughly 7 months. The decision came as a ...

Tags: steel scrap buyers, iron ore price news, one steel, steel industry

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

Libya's Refinery Resumed Operations Yesterday After Protesters Shut It Down for a Day

Dec 12, 2012

Western Libya's main refinery resumed operations yesterday after protesters shut it down for a day. Mr Essam Al Muntasir of the Zawiya Oil Refining Company said that employees were able to resume work and fuel trucks were able to leave ...

Tags: fuel oil plus, libya oil company, oil gas industries, oil refinery jobs

CIS Steel Export Price Dynamics for Longs and Flats Is Moving Into Opposite Directions

Dec 12, 2012

As per the latest information from our sources at Black Sea, CIS steel export price dynamics for longs and flats is moving into opposite directions. Billet price is rather stable amid weak demand and offers of semis are not going below ...

Tags: CIS steel export, billet price, finished flat

Holdgrove Limited Acquired The Right to Own 3.2% of Severstal Shares

Dec 12, 2012

In particular, Severstal CYBB Limited, Lybica Holding BV withdrew from Severstal's authorized capital after divestment of their stakes. Holdgrove Limited acquired the right to own 3.2% of Severstal shares Holdgrove Limited increased its ...

Tags: Severstal CYBB Limited, mining enterprises, gold mining assets

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