A senior procurement official said that the Turkish Navy is scheduled to purchase two locally built logistical support ships, over the weekend. The ships will be deployed to the southeastern Mediterranean and to the eastern Black Sea, two ...
Khaleejimes.com reported that remittances from the UAE are on track to record 15% growth in 2012 to USD 12.87 billion, surpassing the overall GCC growth rate in outflows at 12.57%. Mr Y Sudhir Kumar Shetty COO of Global Operations, UAE ...
Tags: UAE, Metallurgy, Mineral, remittances
Fitch Ratings forecasts that copper consumption will grow about 4% annually through 2014, based on a soft landing in China and a slow recovery in developed nations. European copper consumption is expected to remain depressed through this ...
Tags: Copper, Fitch Ratings, copper consumption
Eurasian Natural Resources Corporation PLC announced the completion of the private acquisition by its wholly owned subsidiary, ENRC Congo BV, of the remaining 49.5% of the share capital of Camrose Resources Limited as well as the ...
Tags: ENRC, private acquisition, company news, Metallurgy
A report by the Economist Intelligence Unit revealed that the GCC population will soar by 30% to 53.5 million people who will form an increasing strain on the region’s supplies of electricity, food and water. The report said that ...
Tags: GCC Population, Economist Intelligence Unit, 53.5 million
Mr Ümit Karaarsalan chairman of the Hyundai Assan said that South Korean Hyundai is set to produce 50,000 units of its new i10 and sedan models in addition to plans of building a research and development facility and launching motor ...
Tags: Hyundai, New Model, Turkey, automobile
The West Australian cited Mr Richard Mehan MD of Grange as saying that the combination of market speculation over a future acquisition and the recent iron ore price rally has provided Grange Resources with an overdue market revaluation. ...
Tags: Metallurgy, Mineral, iron ore, market conditions
Ms Tatiana Prazeres, the interim minister of development, industry and foreign trade said that the 5.3% decrease in Brazilian exports in 2012 occurred primarily due to declines in international commodity prices, a shrinking European market ...
Within a couple of days first Fortescue Metals' Nev Power and then Rio Tinto's Sam Walsh have warned that the remarkable rebound in iron ore prices won't last. Others are not as sure. Earlier this week, Power attributed the sharp rise in ...
Tags: Iron Ore, Fortescue Metals'Nev Power, Rio Tinto's Sam Walsh, Metallurgy
The CIS export market is on the NY and Christmas break now (the Orthodox Christmas is on Jan. 7th). So, there is almost no movement here. However steel billet price lost some points and market got closer to USD 515 per tonne to USD 520 ...
Tags: Black Sea, Steel Export Market, Holiday Mood, Metallurgy
There are 7 copper projects delayed, expansion of Phase III Collahuasi, Hypogene Quebrada Blanca, Relincho, Inca de Oro, San Antonio oxides, Santo Domingo and Phase II Andina. The 4 gold projects are Barrick’s Pascua Lama and Cerro ...
Tags: Chilean Copper Mining, Metallurgy, Mineral
Bloomberg reported that the Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought charters to export iron ore or coal from Australia. ...
Tags: Baltic Dry Index, iron ore, coal, Iron ore miners
Reuters quoted Concord Energy saying that an oil storage terminal being built in the UAE port of Fujairah by Singapore based Concord Energy and a subsidiary of China's Sinopec is expected to start operations by late next year. Asia's ...
Tags: Oil Storage, Oil, Energy, oil products
ONGC, which had hired Citigroup, RBS and Standard Chartered to rate the bond issue, will use proceeds to fund the acquisition of stakes it bought in the Azerbaijan oilfields late last year. The company had bought US energy company Hess ...
Tags: ONGC, hydrocarbons, gas, oil
Global steel production will fall over the next 12 months because of current overcapacity and the slowdown in the Chinese economy says Coface. The experts in assessing business sector credit risks have published a report on the challenges ...
Tags: steel sector, steel, steel production, steel industry