China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the ...
Tags: steel enterprises, steel industry
It is reported that Brazilian Vale and Brazil owned subsidiaries Cemig power company Cemig Geracao e Transmissao reached an agreement, that the two companies agreed a joint venture. The new joint venture company called Alianca Geracao de ...
Tags: power company
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has reached an agreement to sell its 5% interest and transportation rights in the Oleoducto Central S.A. ("OCENSA") oil pipeline in Colombia for a ...
Tags: pipeline
Irvan K.Hakim, the president director of state-owned steel producer PT Krakatau Steel, said yesterday that the newly inaugurated integrated steel plant Krakatau-Posco will launch production in the beginning of 2014. Krakatau-Posco, a ...
Tags: steel, metallurgy
Indonesia-based steelmaker PT Krakatau announced that the company president Susilo Bambang Yudhoyono has inaugurated PT Krakatau Posco on December 23, the joint venture between South Korean steel giant POSCO. This integrated steel mill is ...
Tags: steel, metallurgy
The Korean steel giant POSCO announced that it began operation of its first blast furnace in Indonesia in order to fulfill the surging steel demand in the Southeast Asian country. The blast furnace is a joint venture project with Krakatau ...
Tags: steel, metallurgy
It is said Foton Daimler will launch a new Auman GTL tractor equipped with Cummins engine produced by Foton at the end of 2013. The engine is a produced in Beijing by the joint venture of Foton and Cummins. It weight around 803kg and has ...
Tags: Auman, Foton Daimler, Auman GTL tractor, Cummins engine
Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Morocco, Tunisia, Colombia and the U.S.A. is pleased to announce that ...
German supplier ThyssenKrupp opened a factory in this southwest city to produce springs and stabilizers. The plant will produce up to 3 million springs and 1.5 million stabilizers annually.ThyssenKrupp formed a 60-40 joint venture with ...
Tags: Thyssenkrupp, new factory, China
Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that its partner, Red Leaf Resources Inc. ("Red Leaf"), reported that it has cleared a major regulatory hurdle and will soon launch the ...
Belarusia has proposed to Russian oil producer Rosneft to take part in the privatization of one of its two large oil refineries,Belarusian Deputy Prime Minister Pyotr Prokopovich said on Friday. Belarus has offered Rosneft an option to ...
Tags: Belarusia, Rosneft, oil refineries, privatization
Summit Midstream Partners, LLC ("Summit Investments"), the privately held company that owns and controls the general partner of Summit Midstream Partners, LP (NYSE: SMLP), announced today that it has executed a definitive agreement with ...
Santos today announced that the Moomba-194 vertical shale gas well in the Cooper Basin is flowing gas at an average rate of 3 million standard cubic feet per day (mmscf/d). Moomba-194 is a follow-up to the existing successful shale gas ...
U.S. Sens. Rob Portman and Sherrod Brown and Reps. Bob Latta and Jim Jordan sent a letter to Secretary of State John Kerry, Secretary of Commerce Penny Pritzker and U.S. Trade Representative Ambassador Mike Froman urging government ...
Tags: Auto Parts, Accessories
Russian mining and steel producing company Evraz has announced that it has completed the construction of and launched its rebar rolling mill in Kostanay, Kazakhstan. The investment project has been implemented by TOO Evraz Caspian Steel, a ...
Tags: Rebar Mill, mining