According Malaysian Perwaja Holdings'consolidated financial results for July to September quarter 2012,the group reported a higher revenue of MRY 372.0 million,an increase of 4.4%from the same quarter the previous year,mainly driven by ...
Tags: Malaysian Perwaja Holdings, financial results, loss, ETP projects
Operations at New Zim Steel are expected to resume next month after Cabinet guaranteed the investor that the initial deal signed between the Government and Essar Group stands. This brings relief to over 3 000 workers who have gone for ...
Tags: New Zim Steel, Essar Group, resume, pay the workers, mining
Economic Times reported that condition for Indian steel players is worse when compared to their global peers. At a time when global steel prices are rising, prices domestically have remained flattish due to subdued demand and continuing ...
Tags: steel, steel prices, flat steel, scrap
Guines mines minister Mohamed Lamine Fofana said that more than 75%of mining permits granted by Guinea before 2011 are currently inactive and should be cancelled. The mineral rich,but impoverished West African nation launched an audit of ...
Tags: authorisations, Guinea, mining permits, mineral
Beyond the short time,demands for steel will maintain lower than supply and the marginal cost for raw materials are heading for decline,and thus the cross year increase for steel prices will perform reasonably. Investments in Real Estate ...
Tags: demands for steel, steel prices, railway infrastructure construction
The rating on Steel Authority of India Ltd reflects the company's good market position and diverse customers in India and its favorable cost position due to its captive sources of iron ore. SAIL's good access to funding as a government ...
Tags: Steel, iron ore, steel producer, steelmaking capacity
AFP reported that perched on a hill by the iron ore mine it was once built around, the sleepy northerly Swedish town of Kiruna is in the process of reinventing itself. It has to: in 4 years, it will have moved somewhere else. At the turn ...
Tags: Kiruna, iron ore mine, iron, ore mine
Visa Steel Ltd will sell new shares to fund INR 17 billion expansion and cut debt,as it tries to end six straight quarters of losses. Mr Vishambhar Saran chairman of Visa Steel Ltd said that the sale at the right price will reduce the ...
Tags: Visa Steel, shares, cut debt, six straight quarters of losses
Even as the resumption of regular mining is getting delayed in Karnataka,there is some good news for the ore starved steel industry as one of the Category A mining company has got approval to put on auction some of its low grade iron ore. ...
Reuters reported that African Minerals Ltd will expand its existing rail and port infrastructure rather than build a new port to serve its flagship iron ore mine in Sierra Leone,a move,will save it about USD 1 billion. African ...
Tags: rail, port infrastructure, expansion, iron ore mine
Iron ore stocks on the ASX have been buoyed by the recent increase in the price of the commodity,which reached its highest level since July.The broader Australian market made small gains across the day as investor sentiment rose on ongoing ...
It is reported that a new mine will be built in Tasmania's Tarkine wilderness,after Mr Tony Burke federal Environment minister gave final approval for Shree Minerals to go ahead with its Nelson Bay iron ore project. Despite a long fight ...
Vale SA,the world's largest iron ore producer,climbed to a seven month high as prices for the steelmaking material rebound. Vale,based in Rio de Janeiro,climbed for an eighth day,gaining 1.7%to BRL 41 at the close in Sao Paulo,the highest ...
Tags: Vale SA, Iron, Prices, steelmaking material
Northland Resources SA announced that the first concentrate has been transported by rail on the Malmbanan railway from Pitkäjärvi to the Port of Narvik. Northland Resources started ramping up production of high grade,high ...
Monrovia announced that the transaction between its indirect subsidiary Lybica Holding BV and Mano River Iron Ore Holdings Limited,a wholly owned subsidiary of Afferro Mining Inc,on purchasing a 38.5%minority interest in Severstal Liberia ...
Tags: Monrovia, Transaction, Afferro Mining