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A Report Has Called for a Clear Policy Framework to Promote Such Investments in The Sector

Dec 12, 2012

Pitching for a greater share of private and foreign capital in the Railways, especially in the freight segment, a report has called for a clear policy framework to promote such investments in the sector. ASSOCHAM said that "The government ...

Tags: Railway modernization, PPPs, passenger services

Following The AIA Commission's Provisions, ILVA's Blast Furnace 1 Was Shut Down

Dec 12, 2012

AGI reported that following the AIA commission's provisions, ILVA's blast furnace 1 was shut down on Saturday at 5:50 AM. The company said that the revamping procedures will take 18 months and the blast furnace will be restarted in the ...

Tags: blast furnace, oven batteries, coke oven

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

TATA Steel Has Invested Almost GBP 1.5 Million in New Technology

Dec 12, 2012

TATA Steel has invested almost GBP 1.5 million in new technology to improve the quality of the steel bar and wire rod output at its Rotherham and Scunthorpe works in the UK. New quality control technology has been installed to improve ...

Tags: Steel, Tata Steel, steel rod

ArcelorMittal's Wire Solutions Division Supplys 11,000 Tonnes of Steel Fibres to Europe

Dec 12, 2012

ArcelorMittal's wire solutions division is supplying 11,000 tonnes of steel fibres to Europe's largest infrastructure project. Our company has been chosen as the largest steel fibres supplier to the Crossrail project a new railway line ...

Tags: steel beams, structural steel, steel building, steel supplies

OAO Mechel Won a Tender for 55% of OAO Vanino Commercial Sea Port

Dec 12, 2012

OAO Mechel of Russia's largest coking coal producer won a tender for 55% of OAO Vanino Commercial Sea Port on the Pacific coast outbidding investor Mr Oleg Deripaska's En+ Group. VTB Capital the sale organizer said that Mechel offered RUB ...

Tags: coking coal, Mechel, VTB Capital the sale organizer

Turkey's Crude Oil Imports From Iran Fell More Than 30%

Dec 12, 2012

Turkey's crude oil imports from Iran fell more than 30% to 75,281 barrels per day in October from September as substitute oil from other suppliers including Iraq and Saudi Arabia rose more. Iraq was Turkey's biggest crude supplier in ...

Tags: crude oil futures, oil heating prices, oil gas industries, oil suppliers

Zaporizhstal Completed The Project and Started The Industrial Tests of Basic Coal Store

Dec 12, 2012

Integrated Iron and Steel Works Zaporizhstal completed the project and started the industrial tests of basic coal store of pulverized coal injection complex in blast furnace production. The full volume of investments into the PCI project ...

Tags: Iron and Steel, power saving, PCI project

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 Parties Discussed The Issues of Cooperation

Dec 12, 2012

The parties discussed the issues of cooperation within the framework of the Gazprom Informatization Strategy implementation. The meeting focused on creation of technical systems infrastructure of the Gazprom data centers and the main trends ...

Tags: steel systems, steel scrap buyers, stainless steel, buy steel pipe

Shareholders of OJSC Rosneft Elected a New Board of Directors Now Consisting of 9 Members

Dec 12, 2012

At their EGM held on November 30th 2012, the shareholders of OJSC Rosneft elected a new Board of Directors now consisting of 9 members. The new Board of Directors is as follows: Mr Matthias Warnig MD of Nord Stream AG; Mr Mikhail V ...

Tags: OJSC Rosneft, oil company, IFRS

Mr Sechin Who Has Led Rosneft Since 2004

Dec 12, 2012

RIA Novosti reported that Mr Igor Sechin CEO of Russia's largest oil company Rosneft was elected to its board of directors at a shareholders meeting. Mr Sechin who has led Rosneft since 2004 while being a deputy prime minister in charge ...

Tags: russian, company directors, board of directors, oil gas industries

Rosneft Could Sign a Final Binding Agreement

Dec 12, 2012

RIA Novosti reported that Rosneft, Russia's largest state owned oil company, could sign a final binding agreement with the AAR consortium to buy its 50% stake in Russo British oil venture TNK BP as soon as December. Mr Igor SechinCEO of ...

Tags: bp oil, bp refinery, bp gas stations, bp solar

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

Revenue of The European Division Declined by 22% to USD 75 Million

Dec 12, 2012

In the Q3, revenue of the European division declined by 22% to USD 75 million compared to the prior quarter due to lower sales and pricing of seamless pipe as a result of challenging macroeconomic conditions that persist in the European ...

Tags: steel scrap buyers, stainless steel, buy steel pipe, iron ore price news