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Company News
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Tokyo Steel Scrap Ferrous Scrap by JPY 500 to JPY 1,000 Per Tonne for The Whole Grades
Jan 6, 2013Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by JPY 500 to JPY 1,000 per tonne for the whole grades at all the company's facilities, effective with December ...
Tags: Japan, Tokyo Steel Mfg Co, ferrous scrap, JPY
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Talga Resources Has Welcomed Swedish Parliament's Decision to Carry out a Study
Jan 6, 2013Talga Resources has welcomed the Swedish Parliament’s decision to carry out a study on extending a rail line from Svappavaara to the Kaunisvaara iron ore project in northern Sweden. Besides building on the excellent infrastructure ...
Tags: Talga Resources, Swedish Parliament, decision, rail line
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Prosperity's Announced Details of a Conditional Master Restructuring Agreement
Jan 6, 2013On 22nd October, Prosperity's announced details of a conditional master restructuring agreement with members of the Zhong Cheng Group of companies. A key part of this proposal is to utilize part of the prepayment cash to buy an iron ore ...
Tags: Zhong Cheng Group, iron ore processing, iron ore, company news
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India's Largest Iron Ore Producer NMDC Is Sitting on a Big Cash Hoard
Jan 6, 2013Economic Times reported that just days after the state auditor faulted it for not having a specific strategy to acquire mines abroad, India's largest iron ore producer NMDC, which is sitting on a big cash hoard, it is not in any rush to buy ...
Tags: mining, India, NMDC, iron ore, foreign mineral assets
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NMDC Has Reduced The Price of Iron Ore Lumps by 5.9%
Jan 6, 2013moneycontrol.com reported that Indian iron ore miner NMDC has reduced the price of iron ore lumps by 5.9% or INR 320 Per tonne for the current month mainly to align rates with the landed cost of the imported raw material. At a Board ...
Tags: India, iron ore, NMDC, raw material
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ThyssenKrupp Has Completed The Combination of Its Stainless Steel Business Inoxum
Jan 6, 2013ThyssenKrupp has completed the combination of its stainless steel business Inoxum with the Finnish company Outokumpu. With closing of the deal ThyssenKrupp will receive EUR 1 billion in cash from Outokumpu for Inoxum. In addition ...
Tags: ThyssenKrupp, stainless steel, German, Finland, combination, Inoxum
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Echeng Steel and China Pingmei Shenma Group Set up a Joint Venture in Hubei Province
Jan 6, 2013Chinese steelmaker Echeng Steel and China Pingmei Shenma Group, a state owned coal producer based in Henan province, have reportedly set up a joint venture in Hubei province. Industry sources said that both sides have a 50% stake in ...
Tags: Echeng Steel, Pingmei Group, coal, coke
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Kalaari Invested INR 5 Crore Into Power2sme, a Small Businesses Purchase Aggregator
Jan 6, 2013PTI cited Venture Capital fund, Kalaari Capital, as saying that it has invested INR 5 crore into Power2sme, a small businesses purchase aggregator. Kalaari Capital in a statement said that the infusion will be used for expanding ...
Tags: Venture Capital fund, Kalaari Capital, India, company news
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Iron Ore Seems to Have Hit Steel Companies in The Small and Medium Segments The Hardes
Jan 6, 2013Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...
Tags: iron ore, India, non alloy, carbon steel segment
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Canada Based Iron Ore Mining JV Achieved an Annual Profit of RMB 350 Million in 2012.
Jan 6, 2013On December 31st, Hubei Province-based major Chinese steel producer Wuhan Iron and Steel Group announced that its Quebec, Canada based iron ore mining JV, Bloom Lake Mine, achieved an annual profit of RMB 350 million in 2012. The Bloom ...
Tags: Wuhan Iron and Steel Group, iron ore, mining, company news
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Elecon Engineering Company Ltd Has Been Awarded Letter of Intent of INR6,15,00,000
Jan 6, 2013Elecon Engineering Company Ltd has been awarded letter of intent of INR 6,15,00,000 by Madras Cements Ltd. The order is for supply of material handling equipments and other spares for grinding unit project. The Elecon Engineering ...
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Volkswagen Oman Have Appointed Mr Hemant Bhat as General Manager
Jan 6, 2013Wattayah Motors, the exclusive dealers for Volkswagen in Oman, have appointed Mr Hemant Bhat as general manager. As a part of his new role, Mr Bhat will be looking to grow Volkswagen's business in Oman by strengthening an already ...
Tags: Wattayah Motors, Volkswagen, Oman, Mr Hemant Bhat, general manager
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RUSAL Is Ranked Among The Top Five Businesses
Jan 6, 2013UC RUSAL the world’s largest aluminium producer, announced that the Company has been ranked among the top five businesses with one of the most transparent procurement system according to the National Procurement Transparency Rating ...
Tags: RUSAL, aluminium producer, transparent procurement system, 2012
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Hyundai Steel Company Issued a USD 17.2 Million Letter of Credit
Jan 6, 2013It is reported that Hyundai Steel Company issued a USD 17.2 million letter of credit to Australian iron ore company Pluton Resources against the purchase of four shipments commencing in August 2013. Mr Tony Schoer MD of Pluton Resources ...
Tags: Hyundai Steel Company, Australia, iron ore, Pluton Resources
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Toyota Motor Corp Said That It Expects to Sell 9.91 Million Vehicles Worldwide
Jan 6, 2013Toyota Motor Corp said that it expects to sell 9.91 million vehicles worldwide in 2013, up 2% from 2012, driven by overseas sales. The Japanese car maker plans to produce 9.94 million vehicles worldwide in 2013, nearly unchanged from 9.92 ...
Tags: Toyota, 2013, Global Group Sales, vehicles
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