Sesa Goa has acquired the remaining 49% of the outstanding common shares of Western Cluster Limited from Elenilto Minerals & Mining LLC, Delaware, for a cash consideration of USD 33.5 million. Post this transaction, Sesa's shareholding in ...
Tags: Minerals, Mining, iron ore business, iron ore
ArcelorMittal unveiled a new energy recovery and reuse boiler at its East Chicago facility on Monday which recycles waste gas generated through the ironmaking process and uses it to generate electricity to help power the plant. The US ...
Tags: Steam Boiler, Gas Boiler, Oil Fired Boiler, Energy Efficiency
Mr Ataollah Sadr head of Ports and Maritime Organization said that the cargo handling capacity of the main commercial ports of the country will double by the end of the current Iranian year. Mr Sadr said that USD 4 billion have been ...
Afferro Mining Inc announced that the receipt of USD 50,000,000 by Mano River Iron Ore Holdings Limited, Afferro's wholly owned subsidiary from Lybica Holding BV, an affiliate of Severstal.
Tags: Steel Pipe, Stainless Steel, Copper Scrap Price, Scrap Steel
Reuters reported that a new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past ...
Tags: Iron Ore Mining, Mining Jobs, Coal Mining News, Mining
Reuters quoted Malaysian builder Bina Puri Holdings said that its USD 282.72 million highway construction deal with the Pakistan highway authority has been scrapped. The initial deal signed earlier this year involved expanding a four lane ...
Tags: Bina Puri Holdings, highway construction, Pakistan, motorway
Reuters cited a source familiar with the situation as saying that BHP Billiton has selected mining venture B&A Mineração as the preferred bidder for its stake in Mount Nimba, one of the largest iron ore deposits in Guinea. ...
Tags: Guinea Iron Ore, BHP Billiton, B&A, steelmaker
RIA Novosti reported that Kyrgyzstan has offered Russian energy giant Gazprom the chance to buy 75% of the national gas company Kyrgyzgas for just USD 1, to help the beleaguered Kyrgyz firm settle its debt woes and cut the republic's ...
Tags: RIA Novosti, Kyrgyzstan, energy, national gas
Royal Resources has signed an agreement to sell its Fields Find iron and gold tenement package in Western Australia to Mount Gibson Iron for a cash payment of USD 500,000. In addition, Royal may receive two mutually exclusive milestone ...
Tags: Royal Resources, iron, gold, iron ore
Mount Gibson Iron Limited advises it has reached agreement with Royal Resources Ltd to acquire a substantial exploration landholding at Field's Find, 60 kilometer north of Mount Gibson's Extension Hill iron ore mine. The proposed ...
Tags: Mount Gibson Iron Limited, Royal Resources Ltd, acquisition
Fortescue Metals Group has kicked off the federal government approval process for an ambitious multi billion dollar magnetite iron ore operation south of Port Hedland that it says can produce 15 million tonnes of product a year for 45 ...
Tags: Fortescue Metals Group, iron ore, magnetite project, project
Vale informs that it has concluded the annual assessment of Onça Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of USD 4.2 billion, thus affecting our earnings in the fourth quarter of ...
Tags: Onça Puma, aluminum assets, aluminum price, aluminum
Xstrata Zinc announced plans to increase ore production by a further 33% to 1.6 million tonnes per annum at its high-grade Lady Loretta mine in north-west Queensland, Australia. The greenfield underground zinc-lead-silver Lady Loretta mine ...
Tags: Xstrata Zinc, ore production, mine, mining
INTERFAX-CHINA reported that Royal Dutch Shell plc remains committed to spending at least USD 1 billion per year in China’s upstream oil and gas sectors, as part of an aggressive move to expand its footprint in the Chinese energy ...
Tags: Royal Dutch Shell, China, oil, gas
Shanxi Province based Chinese steelmaker Changzhi Iron and Steel Co a subsidiary of Shougang Group, has started to carry out trial tests at its new high speed wire rod project, as announced by Shougang Group on December 20. Construction ...
Tags: Changzhi Iron and Steel Co, steel market, metal, energy