South America Economy news, Markets and Business Trends - Made-in-China.com

WEMPCO Began The Trial-Run of Its New Multi-Billion Naira Integrated Steel Mill

Dec 13, 2012

Western Metal Products Company Limited on Friday began the trial-run of its new multi-billion naira integrated steel mill. This came amid promises of support from the Federal Government that it would be more careful in future in the choice ...

Tags: steel mill, Western Metal Products Company Limited

Company Expects The Global Copper Market to Swing Into a Slight Surplus in 2013

Dec 13, 2012

Reuters cited Mr Thomas Keller CEO of Codelco as saying that company expects the global copper market to swing into a slight surplus in 2013 after several years of deficit but the small excess will have little impact on prices. ...

Tags: copper market, copper price, global economy

5 International Engineering Firms Bid to Build 50,000 Tonnes Per Year Polyacetal Plant

Dec 13, 2012

Reuters reported that 5 international engineering firms have bid to build 50,000 tonnes per year polyacetal plant at Ibn Sina an affiliate of Saudi Basic Industries Corporation. SABIC said in 2010 the project, producing a plastic which is ...

Tags: polyacetal plant, plastic waste, steel construction, car industry

Minera Gold Has Received High Grade Results of up to 238 Grams Per Tonne

Dec 12, 2012

Minera Gold has received high grade results of up to 238 grams per tonne from its Torrecillas Gold Project in Peru pointing to a significant new gold discovery. The latest exploration results from the Retorno 1 Exploration Target, ...

Tags: gold discovery, mine exploration, Peru mining

The Agreement Was Signed Here

Dec 12, 2012

Cam Iron the Cameroon subsidiary of the Australian based Sundance Resources Limited that carried out exploration of iron ore deposits in the country's east region has been awarded a mining agreement prior to the final stage in the mining of ...

Tags: iron ore, Cam Iron, deep water iron ore export terminal

Launch of a Heavy Duty Tipper for Use in Mining, Construction and Infrastructure Sectors

Dec 12, 2012

AMW Motors Ltd announced that the launch of a new heavy duty tipper for use in the mining, construction and infrastructure sectors. AMW Motors said that the tipper can encounter high gradients, especially in deep mining applications. AMW ...

Tags: heavy duty tipper, AMW Motors Ltd, mining

Jindal Steel and Power Will Invest to Build a Power Plant

Dec 12, 2012

Business Standard reported that Jindal Steel and Power will invest around USD 500 million in Cameroon to build a power plant, a railway line and an iron ore processing plant. The 500 MW thermal power station will be built in the ...

Tags: Jindal Steel and Power, ore, Cameroon, power plant

Rosneft & ExxonMobil Signed an Agreement to Explore The Commercial Potential of Oil Fields

Dec 12, 2012

RIA Novosti reported that Russian and US oil majors Rosneft and ExxonMobil signed an agreement to jointly explore the commercial potential of oil fields in Western Siberia. The two companies will create JV in which Rosneft will hold 51 ...

Tags: commercial potential of oil fields, ExxonMobil, energy exploration

ArcelorMittal Vowed on Friday to Kick Start a EUR 180 Million,Five Year Investment Program

Dec 12, 2012

Reuters reported that ArcelorMittal vowed on Friday to kick start a EUR 180 million, five year investment program at its Florange site in eastern France in the first quarter of 2013, seeking to allay union concerns over job cuts. ...

Tags: ArcelorMittal, steelmaking, blast furnaces

Vale SA Is in No Rush to Sell Its Stake in Norwegian Aluminum Group Norsk Hydro ASA

Dec 12, 2012

Reuters reported that Brazil's Vale SA is in no rush to sell its stake in Norwegian aluminum group Norsk Hydro ASA. Mr Murilo Ferreira CEO of Vale said that the company which is scaling back investments and focusing more on core iron ore ...

Tags: core iron ore operations, oil and gas exploration, stake

London Copper Inched up After a Prominent US Lawmaker Expressed Confidence

Dec 12, 2012

Reuters reported that London copper inched up after a prominent US lawmaker expressed confidence the world's top economy would avert a looming fiscal crisis but worries China's return to growth will be sluggish weighed on sentiment. ...

Tags: copper price, economy situation, copper stock

West African Resources Extended The Shallow Copper and Gold Mineralization in Burkina Faso

Dec 12, 2012

West African Resources has extended the shallow copper and gold mineralization at its Sartenga Prospect in Burkina Faso through its latest drilling. Aircore drilling has confirmed the mineralization now extends more than 500 meters in ...

Tags: shallow copper, gold mineralization, drilling, aircore drilling

Antapaccay Has Delivered Its First Shipment to Matarani Port for Delivery to Customers

Dec 12, 2012

Xstrata Copper’s Antapaccay copper mine in southern Peru commenced production of commercial grade copper in concentrates at the beginning of November and has delivered its first shipment to Matarani Port for delivery to customers ...

Tags: copper mine, copper in concentrates, copper exploration

Selection of an EPC Contractor Would Be Done Through a Global Tendering Process

Dec 12, 2012

Business Line reported that MSTC Ltd is setting up INR 120 crore automotive and white goods steel scrap shredding unit at Dahej in Gujarat. For installing the unit, to be built on a 20 acre plot, selection of an EPC contractor would be ...

Tags: inferior steel making, white goods steel, auto grade steel

Different Companies Have Set up Their Projects

Dec 12, 2012

As per a PTI report, Odisha has already achieved steel production capacity of 12.66 million tonne per annum and may reach 77.16 million tonne per annum after commissioning of projects for which 49 MoUs have been signed with corporates. Mr ...

Tags: steel production capacity, Odisha Steel and Mines, integrated steel

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