AFP reported that OPEC will likely cut its oil production next year as prices risk falling in reaction to higher output from top crude consumer the United States and amid a slowing of energy demand growth. The Organization of Petroleum ...
Tags: OPEC, oil production, top crude consumer, oil output
As the Steel Authority of India concluded its 50th Safety Week on December 15th,iron ore mining workers were urged to follow safety measures to achieve zero mishap. Mr Anup Srivastav deputy director of Mines Safety,Dhanbad at Meghahatu ...
Tags: zero mishap, Iron Ore Mines, safety measures
France is considering nationalizing an aluminium plant owned by Anglo Australian mining group Rio Tinto. The potential move is being studied by officials working for Arnaud Montebourg, the Industrial Recovery minister, just 10 days after ...
Tags: aluminium plant, Rio Tinto, Industrial Recovery minister, Mineral
IMX Resources has marked another milestone for the Cairn Hill Mining Operation with the loading of its 3 million tonne of ore from Port Adelaide. The ship, with 76,400 tonnes of cargo, is scheduled to set sail for China on 20th December ...
Tags: ore, positive cash flow, rotating container system, capital estimate
Carnegie Wave Energy has secured environmental and maritime safety approvals for its Perth Wave Energy Project(PWEP).The commercial-scale project,which uses Carnegie's CETO wave system,will power Australia's largest naval base,HMAS ...
Tags: Carnegie Wave Energy, environmental and maritime safety approvals, PWEP
Trend magazine reported that Austria's group Voestalpine is considering a plan to build a USD 1 billion plant in the United States that would convert iron ore into concentrate used in steelmaking. Trend said the plant was envisioned for a ...
Tags: iron ore, concentrate, steelmaking, coastal city, steel sector
The Gazprom headquarters hosted today a working meeting between Mr Alexey Miller chairman of the Company's Management Committee and Mr Yury Boiko Ukrainian Energy and Coal Industry Minister. The meeting addressed the prospects for long ...
Tags: Russian gas transit, Ukraine, European consumers, account gas inventory
Business Line reported that the government of Odisha has asked the state's iron ore merchant miners to supply half of their mined lumps and fine to local standalone units. Early, it had directed merchant miners to allocate 50% of the ore to ...
Equity Bulls reported that GPT Infra projects Ltd has secured orders valued INR 77 crores from Eastern Railway. The company has won an order worth INR 52.42 crore for earthwork in filling on railway embankment and approaches of level ...
Tags: stone dust, blanketing materials, composite steel girders
The Corporate Social Responsibility and Health Safety and Environment teams of ESSAR Steel Complex at Paradeep in jagatsinghpur district jointly organized National Energy Conservation Day which is observed nationally on 14th December each ...
Tags: wasteful use of energy, available energy efficiently, conserving energy
Tenaris announced on December 10th 2012 the construction of a new threading facility for OCTG products in the town of Machachi, Ecuador. In its first phase, the investment will have a value of approximately USD 15 million. This initiative ...
Tags: threading facility, industrial integration, national market
Texas based oilfield services company Baker Hughes Incorporated said that the number of rigs actively exploring for oil and natural gas in the US fell this week by one to 1,799. Baker Hughes said Friday that 1,381 were exploring for oil ...
Tags: gas, Texas, Oklahoma, cushing pipeline hub
Vale SA has initiated paying USD 674 million to the Brazilian government for violating an agreement over mining royalties. Vale as decided to settle a10 year old dispute with Brazil's federal government, agreeing to pay 3 installments of ...
Tags: mining royalties, planned level, earnings, iron ore prices, ore exports
According to the data from Peruvian customs agency Sunat, the imported rebar rose more than three times from previous month to 21,052 metric tonnes in November. The country imported 253,056 tonnes of long products from January to ...
Tags: imported rebar, long products, steel long product, imported drill pipes
Progress Rail Services announced the purchase of RibbonWeld's mobile rail welding assets on December 12. Progress Rail will acquire RibbonWeld's mobile flash butt welding equipment and a continuous welded rail train, which will become ...
Tags: mobile rail welding assets, welding equipment, welded rail train