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Drill Contracts Have Been Signed for Follow up Drilling of The NC12-34 Area

Dec 13, 2012

Nevada Copper Corporation announced that drill contracts have been signed for follow up drilling of the NC12-34 area from its 100% owned Pumpkin Hollow Property located near Yerington Nevada. It is expected that drill mobilization will ...

Tags: NC12-34 area, mineralization, copper resource

Vale SA Plans to Invest The Least in 3 Years in 2013

Dec 13, 2012

Bloomberg reported that Vale SA plans to invest the least in 3 years in 2013 as lower prices and slowing demand erode profit. Shares fell for the first time in three days. The Rio de Janeiro based company in a regulatory filing said that ...

Tags: iron ore price news, oil investment, sell scrap metal, iron

Stemcor Signed Agreement with Logistics Partner Katoen Natie in Antwerp, Belgium

Dec 13, 2012

Stemcor, the world's largest independent steel trader, has signed a long-term handling and storage agreement with logistics partner Katoen Natie in Antwerp, Belgium. The intention is to consolidate stocks of steel plate into a purpose-built ...

Tags: Stemcor, steel trader, plate stocks

Tubing Will Be Locating Operations in Brownstown, Creating up to 56 New Jobs by 2015

Dec 13, 2012

The maker of mechanical and structural tubing has announced it will be locating its operations in Brownstown, creating up to 56 new jobs by 2015. According to a company press release, E&H Tubing, who recently acquired the assets of ...

Tags: maker of mechanical and structural tubing, Indiana Steel and Tube

Timken Is Costing Shareholders The Chance to Recoup USD 1.3 Billion in Market Value Lost

Dec 13, 2012

Timken Co the bearings maker that trades at the lowest earnings multiple among its peers, is costing shareholders the chance to recoup USD 1.3 billion in market value lost this year by not spinning off its steel unit. Ralph Whitworth's ...

Tags: business owners, gas bearing, stock market news, steel scrap buyers

Vale SA Expects Iron Ore Prices to Range Between USD 110 and USD 140 Per Tonne Next Year

Dec 13, 2012

Reuters cited Mr Murilo Ferreira CEO of Brazil's Vale SA as saying that he expects iron ore prices to range between USD 110 per tonne and USD 140 per tonne next year. Spot iron ore prices were at USD 116.90 per tonne last week. That was ...

Tags: iron ore price news, steel scrap price, iron, mining

The 240 Kilometers Long Pipeline Will Deliver 25 Million Cubic Meter

Dec 13, 2012

According to Oman Gas Company which will supervise and manage the pipeline project, a contract for the construction of a major gas pipeline from the Saih Nihayda gas field in central Oman to the Duqm industrial area will be awarded by the ...

Tags: gas pipeline, Oman Gas Company, pipeline project

The State News Agency AVN Said That BBVA Will Lend Venezuela EUR 162mn for a Steel Plant

Dec 13, 2012

Venezuelan lawmakers approved the conditions of USD 417 million of loans from Banco Bilbao Vizcaya Argentaria SA and Japan Bank for International Cooperation to finance transportation projects and a steel plant. The state news agency AVN ...

Tags: loans, steel plant, Caracas-Cua train line

Chile Made Little Progress in Talks to Avoid Automatic Tax Increases and Spending Cuts

Dec 13, 2012

Chile’s peso weakened as copper declined on concern US authorities have made little progress in talks to avoid automatic tax increases and spending cuts. The currency depreciated 0.1% to 481 per US dollar at the close in ...

Tags: copper market, Chilean peso, fiscal cliff

Reuters Reported That Unionized Workers at Chile's Escondida Have Early Labor Talks

Dec 13, 2012

Reuters reported that unionized workers at Chile's Escondida have voted in favor of early labor talks with the mine's controller, global miner BHP Billiton. A union leader said that Escondida's union stunned the copper market last ...

Tags: labor talks, copper market, mine union

WFE Spending Is Estimated at US$31.4 Billion in 2012

Dec 13, 2012

Taipei,Oct.17,2012(CENS)--Worldwide wafer fab equipment(WFE)spending is estimated at US$31.4 billion in 2012,for a decline of 13.3%from 2011's US$36.2 billion,according to market consulting firm Gartner,Inc. The global WFE spending is ...

Tags: WFE, drop, market

Xstrata Has Revealed That Its Antapcaccay Mine Producing Commercial Grade Copper

Dec 13, 2012

Mining giant Xstrata has revealed that its Antapcaccay mine in southern Peru started producing commercial grade copper at the start of the month and has already delivered its first shipment to customers. The company said that its ...

Tags: copper production, mining exploration, Xstrata

Dubai's Ship Building Unit Drydocks World Has Won a Multi Million Contract

Dec 13, 2012

Trade Arabia reported that Dubai's ship building unit Drydocks World has won a multi million contract from leading oil exploration and production company Premier Oil to build a subsea facility for Solan oil field located on the UK ...

Tags: Drydocks, oil exploration and production, oil and gas discovery

Steel Imports Declined in October by 2.5% Compared to September

Dec 13, 2012

According to preliminary government data, steel imports declined in October by 2.5% compared to September. Mr David Phelps president of AIIS said that "Steel imports declined again in October as demand softened across most product lines. ...

Tags: structural steel, steel scrap price, iron ore price news

Brazil's Third Largest Steelmaker Offered About USD 3 Billion to Buy The Two AG's Plants

Dec 13, 2012

Bloomberg reported that Brazil’s third largest steelmaker by output Cia Siderurgica Nacional SA offered about USD 3 billion to buy the two ThyssenKrupp AG’s plants in the Americas. According to two people familiar with the ...

Tags: CSN, steelmaker, acquisition, Ternium SA

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