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

Antofagasta Has Submitted Its USD 600 Million Oxidos Encuentro Copper Project

Dec 12, 2012

Reuters reported that Chilean miner Antofagasta Minerals has submitted its USD 600 million Oxidos Encuentro copper project for environmental approval in Chile. The London listed miner hopes the project, in the Centinela Mining District in ...

Tags: environmental approval, miner, copper cathodes, ore grades

The Goa Government Plans to Export Decades-Old Accumulated Iron Ore Dumps

Dec 12, 2012

Business Line reported that the Goa Government plans to export decades-old accumulated iron ore dumps. Mr Manohar Parrikar CM of Goa said that the state plans to clean up huge dumps at various mine sites. He said that "We have huge ore ...

Tags: iron ore dumps, mine sites, ore fines

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

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

Vale Will Invest USD 16.3 Billion in 2013

Dec 12, 2012

Reuters reported that Brazil's Vale, the world's second largest mining company, cut estimated 2013 capital spending by 24% after a global slowdown and a drop in iron ore prices led the company to rethink its outlook for expansion. Vale ...

Tags: iron ore price news, job mining, pipeline job, copper mining news

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

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

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

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

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