Asia
Asia
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8 Demonstrators Arrested for Peacefully Protesting Against a Mining Project Were on Bail
Dec 14, 2012The Associated Press reported that 8 demonstrators arrested for peacefully protesting in Myanmar's largest city against a mining project have been freed on bail. Mr Aung Thein the lawyer for two of the activists arrested in the last ...
Tags: copper, copper mine, demonstrators
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A Consortium of Chinese and South African Entities Purchased 74.5% Interest in Rio Tinto
Dec 14, 2012A consortium of Chinese and South African entities has agreed to purchase the 74.5% interest in South African copper producer Palabora Mining currently held by major miners Rio Tinto and Anglo American. The transaction in which Rio Tinto ...
Tags: copper stake, copper, copper producer, refined copper
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Suezmax Tankers and Capesize Bulkers Beached
Dec 14, 2012After a decent run that has seen several VLCCs, suezmax tankers and capesize bulkers beached, Pakistan endured an overall quieter week with no market sales to speak of. Despite the 100 plus vessels that have beached recentlv in India, ...
Tags: ship breaking industry, VLCCs, tankers, vessels
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It's Subsidiary Northland Resources AB Signed a Term Sheet for a USD 20 Million Bond Loan
Dec 14, 2012Northland Resources SA announced that it’s wholly owned subsidiary Northland Resources AB has signed a term sheet for a USD 20 million bond loan. The bond has a 12.25% interest coupon and matures February 26th 2016. The present ...
Tags: bond loan, Northland Resources, bond agreement, bond
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Banks Have Begun Restructuring The Loans Worth Around INR 1,300 Crore
Dec 14, 2012Following the go ahead by the Reserve Bank, banks have begun restructuring the loans worth around INR 1,300 crore given to iron ore miners and other stakeholders such as truckers and shipping lines. The Goa Chamber of Commerce and ...
Tags: mining sector, iron ore miners, Loan servicing, Mining
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Uncanny Slump on Poor Buying by Turkish Mills Has Made Dent in The Billet Prices off Late
Dec 14, 2012Uncanny slump in scrap levels on poor buying by Turkish mills has made dent in the billet prices off late. It is reported that some medium size mills in Ukraine are yet open for January booking. They have revised their offers by at least ...
Tags: billet price, billet, scrap levels, scrap
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Baosteel Automobile Laboratory Passes Expert Review and Acceptance Organized
Dec 14, 2012On December 4, Baosteel Automobile Steel Development and Application Technology State Key Laboratory passes expert review and acceptance organized by the Ministry of Science and Technology. The expert group agrees that the laboratory relies ...
Tags: Baosteel Automobile, Automobile Steel, automobile industry
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Per-Lamp Price Alone Is Inadequate to Reflect The Real Cost of a Retrofit Project.
Dec 14, 2012When making purchasing decision on energy efficient lighting, it is not uncommon for people to choose LED tubes lights on price alone. With conventional lamps where all things are equal, per-lamp price is a reasonable yardstick. However, ...
Tags: LED tubes lights, price, LED
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China Produced 24.635 Million Tonnes of Crude Iron Ore in November,Rising 14.1% YoY
Dec 14, 2012According to National Bureau of Statistics, China produced 24.635 million tonnes of crude iron ore in November this year, rising 14.1% YoY but falling slightly from 124.853 million tonnes in October. Total crude ore output in the first 11 ...
Tags: crude iron ore, iron ore, China, iron industry
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LLC Inaugurated Its New Manufacturing Facility for Engineered Precast Concrete Products
Dec 14, 2012Amiantit Oman Concrete Products LLC has inaugurated its new manufacturing facility for engineered precast concrete products at Rusayl Industrial Estate in Muscat. The facility will manufacture prestressed steel cylinder pipes for high ...
Tags: Amiantit Oman Concrete Products LLC, concrete products
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Japan Product Orders Booked by Domestic Steel Consuming Sectors in October This Year
Dec 14, 2012According to the data released by the Japan Iron and Steel Association steel product orders, including specialty steels, booked by domestic steel consuming sectors in Japan in October this year
Tags: steel product, Japan, specialty steels, steel consuming
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Turkey Plans to Build Gas Holders for 7 Billion to 8 Billion Cubic Meters
Dec 14, 2012Turkey plans to build gas holders for 7 billion to 8 billion cubic meters. Turkish Minister for Energy and Natural Resources Taner Yildiz invited Russian companies for the project. The minister noted that up to 15% of gas consumed by the ...
Tags: Turkey, gas holder, energy, natural resource
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China Offshore Iron Ore Equities Will Rise From Currently 60 Million Tonnes
Dec 14, 2012Sina Finance quoted Mr Zhu Jimin chairman of China Iron & Steel Association as saying that China offshore iron ore equities will rise to 150 million tonnes in 2015 from currently 60 million tonnes, reported on December 8th. According ...
Tags: iron, steel, offshore iron ore equity, China
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China May Maintain Its Annual Economic Growth Target at 7.5% Next Year
Dec 14, 2012Bloomberg reported that China may maintain its annual economic growth target at 7.5% next year in a sign the new leadership headed by Xi Jinping won't tolerate a bigger slowdown from the lowest goal since 2004. Nine of 16 analysts ...
Tags: annual economic growth target, lowest goal, evidence growth
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Hong Kong's Gold Shipments to Mainland China Slid More Than 30% on The Month
Dec 14, 2012Hong Kong's gold shipments to mainland China slid more than 30% on the month to 47.478 tonnes in October the lowest since February. Data from the Hong Kong Census and Statistics Department showed the net gold flow in the first ten ...
Tags: Hong Kong, gold shipments, gold market, gold industry
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