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
Rizhao Steel has closed down its section steel production line on December 24th 2012 for maintenance for 18 days and the H section steel output will be cut by 70,000 tonnes.
Tags: Rizhao Steel, section steel production, steel market, company news
Yalian Steel said that its chairman Xin Duo Yu has offered to buy all of the company’s outstanding common shares that he does not already own, this according to a company news release. Yu currently holds 14.74% of the issued and ...
Tags: Yalian Steel, common shares, steel market, company news
Quantum Rare Earth Developments Corp has closed a private placement financing raising almost USD 0.4 million. The placement was made up of 2.98 million units at a price of 12.5 cents each, for total proceeds of USD 373,020. Each unit ...
Tags: Quantum Rare Earth Developments Corp, placement, placement financing
BNamericas reported that unionized workers at the BHP Billiton-controlled Escondida copper mine in northern Chile's region II have rejected the offer from management as part of the ongoing early collective contract negotiations. No 1 ...
Tags: Escondida copper mine, contract negotiation, mining, company news
Outokumpu Oyj has received a notification based on Chapter 2, Section 9 of the Finnish Securities Market Act from Solidium Oy (business identity code: 2245475-9). Such notification by Solidium contains the following information: On ...
Tags: Outokumpu Oyj, Inoxum transaction, share, company news
Ridge Resources has raised over AUD 4 million through an underwritten rights issue, paving the way for the completion of the acquisition of Cardinal Resources. As part of the non-renounceable rights issue, Ridge offered three new ...
Tags: Ridge Resources, acquisition, Cardinal Resources, company news
On 22nd October, Prosperity's announced details of a conditional master restructuring agreement with members of the Zhong Cheng Group of companies. A key part of this proposal is to utilize part of the prepayment cash to buy an iron ore ...
Tags: Zhong Cheng Group, iron ore processing, iron ore, company news
PTI cited Venture Capital fund, Kalaari Capital, as saying that it has invested INR 5 crore into Power2sme, a small businesses purchase aggregator. Kalaari Capital in a statement said that the infusion will be used for expanding ...
Tags: Venture Capital fund, Kalaari Capital, India, company news
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
UC RUSAL the world’s largest aluminium producer, announced the signing of the Annex to the Agreement with the Republic of Guinea specifying details of the development of Dian-Dian, the world’s largest bauxite deposit, with the ...
Tags: aluminium, Annex, Republic of Guinea, company news
Business Line reported that the promoters of the ailing Hinduja Foundries will not let the company slip into sickness. Just last week, the company decided to report its status to the Board for Industrial and Financial Reconstruction on ...
Tags: Hinduja Foundries, India, ailing, company news
Business Line reported that Ambuja Cements Ltd plans to invest INR 2,000 crore for capacity expansion in Rajasthan and northern regions. The proposed project at Rajasthan would add 5 million tonne capacity to the company’s total ...
Tags: Ambuja Cements Ltd, capacity expansion, Cements, company news
Saudi Electricity Company has signed 5 contracts for about 755 kilometer of high voltage 380 KV power transmission lines in various regions of the kingdom. The report said that the contracts, which come within the company's program to ...
Tags: power transmission lines, Saudi Electricity Company, power Line Deals
Express News Service reported that Bhusan Power and Steel Limited at Thelkuli suffered yet another jolt with the regional office of Odisha State Pollution Control Board directing it to suspend work on the proposed ash pond till further ...
Tags: Bhusan Power, Steel Limited, consutruction, company news