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INR 10,000 Crore Has Been Earmarked for Expansion and Modernization of SAIL Mines

Jan 7, 2013

Steel Authority of India Limited has undertaken expansion and modernization of its integrated steel plants at Bhilai, Bokaro, Rourkela, Durgapur, Burnpur and Salem. In the current phase, the crude steel capacity is being enhanced from ...

Tags: Steel Authority, PSUs, India, expansion, modernization, steel plants

CSR Has Been Identified as an Important Parameter in The MoU

Jan 7, 2013

CSR has been identified as an important parameter in the MoU drawn up by all the PSUs with the Ministry. CSR activities focusing on environmental care, education, health care, cultural efflorescence, peripheral development, family welfare, ...

Tags: CSR, PSUs, steel, MoU

Fortescue Deferred The Kings Iron Ore Project in September 2012

Jan 7, 2013

Fortescue deferred the Kings iron ore project in September 2012 in response to volatile market conditions but with a recent marked improvement in iron ore prices and market outlook, along with a number of measures undertaken by Fortescue ...

Tags: iron ore, iron ore project, iron ore prices, Fortescue

Funding Assistance Is Expected to Come From All Four GCC Member States

Jan 7, 2013

Mr Darwish bin Ismaeel al Balushi minister Responsible for Financial Affairs said that Oman's ambitious National Railway System will be implemented with funding support pledged by fellow members of the Gulf Cooperation Council. Mr Al ...

Tags: Oman, National Railway System, GCC, rail project

Bangladesh Has Moved Forward to Increase Shipment to Iran

Jan 7, 2013

The Financial Express reported that amid continuous downtrend of the export volume Bangladesh has moved forward to increase shipment to Iran. Officials said that Bangladesh mainly exports raw jute and jute goods to the Muslim nation and ...

Tags: Bangladesh, shipment, Iran, raw jute, jute goods

Capacity for Crude Steel Production Expanded to 89.29 Million Tonnes Per Annum in 2011-12

Jan 7, 2013

Capacity for crude steel production expanded from 51.17 million tonnes per annum in 2005-06 to 89.29 million tonnes per annum in 2011-12. Crude steel production grew at 8% annually (CAGR) from 46.46 million tonnes in 2005-06 to 73.79 ...

Tags: crude steel, Crude steel production, finished steel

The Volume of Overall Investment Is Expected to Top USD 45 Billion Over 5 Years in Bahrain

Jan 7, 2013

A top businessman said that the volume of overall investment is expected to top USD 45 billion over 5 years in Bahrain. Dr Essam Fakhro chairman of Bahrain Chamber of Commerce and Industry said that public sector investments are expected ...

Tags: overall investment, Bahrain, Dr Essam Fakhro, public sector investments

Taranto Prosecutor's Office Filed a Challenge Against The Italian Government in High Court

Jan 7, 2013

The Taranto prosecutor's office filed a challenge against the Italian government for its so called "ILVA decree" in the Constitutional Court on Monday, according to court sources. The prosecutor's office of the southern Italian port city ...

Tags: Taranto prosecutor, challenge, ILVA decree, italian government

By Results of January to November,Oil and Oil Products Made 90.53% of Azerbaijan's Export

Jan 7, 2013

By results of January to November 2012, oil and oil products made 90.53% of Azerbaijan's export. According to the State Customs Committee, in the reporting period, crude oil made 85.03% of Azerbaijan's export and oil products made 5.5%. ...

Tags: oil, oil products, Azerbaijan, export

Cathay Fortune Investments Received The Green Signal

Jan 7, 2013

Discovery Metals unsolicited bidder Cathay Fortune Investments has received the green signal from the Botswana competition authority. The Botswana Competition Authority earlier this month authorised the proposed acquisition on the grounds ...

Tags: Discovery Metals, copper industry, silver industry, mining industry

South Korea's New Car Registrations Rose 3.8% Month on Month

Jan 7, 2013

According to the data released by the Korea Automobile Importers and Distributors Association, South Korea's new car registrations rose 3.8% month on month and were up 35.1% year on year to 12,470 units in November 2012. Meanwhile, in the ...

Tags: South Korea, Automobile, Importers, car registrations

Port of Rotterdam,Saw Cargo Throughput Grow 1.7% in 2012 to a Record 442 Million Tonnes

Jan 7, 2013

The Port of Rotterdam, Europe’s largest port, saw cargo throughput grow 1.7% in 2012 to a record 442 million tonnes. Mr Hans Smits president and CEO Port of Rotterdam said that “Although the growth is limited, it is another ...

Tags: Dutch, steel imports, Port of Rotterdam, container volumes

Bharat Heavy Electricals Were up 3% After The Government Imposed a 35% Safeguard Duty

Jan 7, 2013

Reuter reported that Bharat Heavy Electricals were up 3% after the government imposed a 35% safeguard duty on electrical insulators imported from China, in a bid to protect domestic manufacturers from cheaper shipments. BHEL, India's ...

Tags: insulators, electrical insulators, power equipment, power

Reliance Power Has Synchronized The Second of Its Two 300 MW Units

Jan 7, 2013

Business Line reported that Reliance Power has synchronized the second of its two 300 MW units at its Butibori thermal power project near Nagpur in Maharashtra. Power generated will be distributed to industrial and distribution utilities ...

Tags: Reliance Power, Power generated, power plant, power

Import Permit Tonnage for Finished Steel,Down 18 Percent

Jan 7, 2013

Based on the US Department of Commerce's most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported Thursday that steel import permit applications for the month of December totaled ...

Tags: US Department, SIMA, AISI, finished steel, imports

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