Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
Toledo Mining has put the final piece in place in a deal to develop the Berong nickel venture in the Philippines. Toledo has sold its 31% stake in Nickeline Resources and bought 18.7% of Berong Nickel Corporation of which Nickeline ...
Tags: Toledo Mining, mining, Berong nickel, nickle, metal industry
Great Western Minerals Group Ltd said that it will announce the results of its preliminary economic assessment in January 2013. The company said that while it had targeted the fourth quarter of 2012 to announce the results of its PEA, the ...
Tags: Great Western Minerals Group, preliminary economic assessment, mining
According to report, South Korea’s Posco and Taiwan’s China Steel Corp (CSC) said they will purchase a 15% stake in Canadian iron ore and pellet producer owned by ArcelorMittal by US$ 1.1 billion. It is joint venture with ...
Tags: South Korea, Posco, Taiwan, CSC, iron ore, ArcelorMittal
Grab the bear bottle of honey off the Walmart shelf and have a look.By appearance,the honey looks golden and wholesome.The beehive the honey came from may contain 60,000 honey bees;and those same bees probably tapped over a million flowers ...
Tags: honey, import, tariff, tainted food
AAP reported that failed former Pilbara iron ore miner Murchison Metals has asked investors to support its buy back of shares before the company is wound up, but its largest shareholder won't be involved. Mercantile Investment, the ...
Tags: iron ore, Murchison Metals, mining, company news
METALLOINVEST has announced its shareholders' restructuring on December 29th 2012. It said “Following a series of transactions among the companies of METALLOINVEST and its shareholders, including VTB Group, Metalloinvest Ltd, a ...
Tags: Metalloinvest, restructuring, METALLOINVEST Holding Company OJSC
Business Line reported that the Competition Commission of India has given its approval to the acquisition of Future group's Pantaloon brand business by Aditya Birla Nuvo. Aditya Birla Nuvo Ltd, through a subsidiary, had proposed to acquire ...
Tags: Competition Commission of India, Future group, Pantaloon, retail
Economic 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
ThyssenKrupp 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
Chinese 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
On 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
Business Standard reported that the state owned Odisha Mining Corporation, a minority shareholder in the MMTC managed Neelachal Ispat Nigam Ltd, proposes to buyout shares of another state company, Industrial Promotion and Investment ...
Tags: Odisha Mining Corporation, mining, iron ore mines, steel plants
China's Inner Mongolia Baotou Steel Rare-Earth Group one of the largest producers of rare earth minerals in the world, announced that it has signed agreements with 12 Inner Mongolia based upstream rare earth enterprises and their ...
Indonesian state steelmaker Krakatau Steel on Wednesday signed a joint venture agreement with Japanese company Nippon Steel & Sumitomo Metal Corporation to build a steel plant that will supply the domestic automotive industry. The joint ...
Tags: Krakatau Steel, Auto Industry