On November 29th Jiangxi Province based Chinese steelmaker Fangda Special Steel Technology Co announced that it has increased its stake in Jiangxi based steel producer Pingxiang Steel in cooperation with its parent company Liaoning ...
Visakhapatnam Steel Plant, an Indian market leader for bar and rod products in the steel market, is looking at entering the Sri Lankan steel market. RINL, which is backed by the Government of India, has a 35% market share in bar and rods ...
Tags: steel scrap buyers, sri lanka vs india, steel market prices
Mining giant Xstrata has revealed that its Antapcaccay mine in southern Peru started producing commercial grade copper at the start of the month and has already delivered its first shipment to customers. The company said that its ...
BS reported that taking positive cues from the global markets and a pick up in domestic demand copper prices rose by 0.26% to INR 446.85 per kilogram in futures trade. At the Multi Commodity Exchange, the February copper traded higher by ...
Tags: iron ore price news, copper market, scrap metal price, copper price
Blackthorn Resources has hit more high grade copper from the Phase 6 Kitumba drilling program at its Mumbwa project in Zambia. Assay results from drill show that mineralization started from 55 meters with best copper intersections ...
Tags: oil&gas drilling, mining gold, copper market, iron ore price news
Catalyst Copper Corporation saw its shares move higher after announcing results from a preliminary economic assessment of its La Verde project in Mexico. The NI 43-101 report, done by AMC Mining Consultants, projected pre tax net present ...
Tags: mining gold, copper recycling, iron ore price news, selling scrap gold
Bloomberg reported that Aluminium Corporation of China Limited is seeking to tap bauxite resources and build processing plants abroad after Indonesia the largest supplier to China, curbed exports. Mr Luo Jianchuan president of Chalca said ...
Tags: iron ore price news, aluminium frames, mining, alumina
SMM reported that China's manufacturing PMI rose to a 7 month high in November. Risk appetite grew during the European session pushing commodity prices up. The US November manufacturing PMI declined more than expected, increasing ...
Tags: scrap metal price, iron ore price news, aluminum, steel scrap buyers
PTI reported that India and Japan recently signed a currency swap agreement for up to USD 15 billion to address short term liquidity problems. The bilateral swap arrangement between the Reserve Bank of India and the Bank of Japan enables ...
Tags: swap agreement, Reserve Bank of India, Bank of Japan, PTI
PTI reported that at least a couple of Indian steel makers have raised the price of flat products by up to INR 1,500 per tonne since December 1st to align the domestic price with landed import costs, now hovering between INR 35,000 tonne to ...
Tags: steel, hot rolled coil, flat product, metal
Business Line reported that TATA Motors is looking to source more auto components from Korea that are both good in quality and more cost effective than those imported from the US, Europe and Japan. Mr SB Borwankar executive director of ...
Tags: Business Line, TATA Motors, auto components, auto parts
Times of Oman reported that Dubai Gulf Oil set the interest rate it will pay on USD 785 million of loans it's seeking to back its acquisition of Houghton International Inc. A USD 535 million first lien term loan will pay 4.5 % points ...
Tags: acquisition, Dubai Gulf Oil, interest rate
AFP reported that Sudan and Saudi Arabia are targeting 2014 start for deep water mining of a Red Sea basin believed rich in gold and copper. Mr Ali al Naimi Saudi Minister of Petroleum and Mineral Resources said that Manafa ...
Tags: deep water mining, gold exploration, copper exploration
RIO Tinto has warned it may cut more jobs from its aluminium and coal businesses as it seeks to rein in unsustainable cost increases. In an investor update, the mining giant also says it expects growth in China's steel demand to peak ...
Tags: aluminium business, Rio Tinto, global mining operation
URB Group, Europe's biggest manufacturer and producers of bearings marked its India entry with the announcement of the launch of its first ever manufacturing factory in India. URB group, the world leaders who have 60 years of experience, ...
Tags: india railway map, URB Group, import export india, steel manufacturer