Russian mining and steel group Mechel has announced its financial results for 2012. In 2012, Mechel saw a net loss of $1.66 billion compared to a net profit of $727.9 million in the previous year. In 2012, the company's operating income ...
The online virtual currency Bitcoin has generated some serious buzz lately, with its value soaring past US$200 for the first time this week. Now a smaller player hopes to emerge as a rival by processing transactions faster and giving its ...
The bottoming process in gold and gold mining shares continues to be an extended and frustrating affair. Nevertheless, the fundamental rationale for positioning physical bullion and gold mining shares seems more compelling than ever. ... ...
Tags: Gold Bullion, accelerated decline
Russian steelmaking and mining company Mechel has reported the launch of operation at the Uvatsk quartzite deposit and delivery of the first batch of raw materials from the deposit to its Bratsk Ferroalloy Plant. Approximately 680 mt ...
Tags: Mechel, Uvatsk Deposit, Mineral
Sichuan Province-based Xichang Mining Co., a subsidiary of Chongqing-based Chinese steelmaker Chongqing Iron and Steel (Group) Co., has announced that it has decided to issue short-term bonds on April 17 worth a total of RMB 150 million ...
Tags: Xichang Mining, Short-Term Bonds
Russian steelmaker Severstal's mining subsidiary Vorkutaugol has announced that it will build an inclined shaft at its Vorgashorskaya mine, with construction to be completed by the end of 2013. This new shaft will expand the range of ...
Industrial pump purchases in China will rise from $7.4 billion this year to over $8 billion in 2014 for an increase of eight percent. This is the latest forecast in Pumps World Markets published by the McIlvaine Company. Municipal water ...
Tags: Pump, Processing Machinery
It is reported that Cassona, German investment company, has agreed to sign a memorandum of understanding (MOU) with Kazakhstan’s national mining company Tau-Ken Samruk for developing new iron ore mining and steelmaking projects in the ...
Tags: Iron and Steel Project, Mineral
Izhora Pipe Plant (IPP), a producer of large diameter pipes using strips supplied by the Cherepovets Steel Mill, both business units within the Russian Steel Division of Severstal, one of the world's leading steel and steel-related mining ...
Tags: Metallurgy, Mineral, Energy, steel
Russia-based steelmaking and mining giant Evraz has announced its preliminary audited results for the year ended 31 December 2012. In the given year, Evraz registered sales revenues of about $14.726 billion, decreasing 10.2 percent ...
Tags: Metallurgy, Mineral, Energy, steel
EU-listed and large private oil, gas and mining companies will be forced to reveal more about their payments to governments under new EU rules agreed informally late Tuesday by EU negotiators. Some big oil companies, including Shell, had ...
Swiss-headquartered resources company Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced that in the first quarter of 2013 its overall iron ore pellet production increased by 10.2 percent year on year to 2.55 ...
Tags: Ferrexpo, Pellet Output
THE sharemarket enjoyed a bumper day, closing almost 1.5 per cent higher on positive overseas leads. the close today, the benchmark S&P/ASX200 index was up 71.3 points, or 1.45 per cent, at 4976.8 points. The broader All Ordinaries ...
Tags: economy
Mexico-based steelmaker Altos Hornos de Mexico (AHMSA) has announced that it has signed a framework agreement with the Chinese company Xingxing Hanfang Mining Investment Co. Limited regarding supplies of iron ore concentrate. Under the ...
Rio Tinto, leading international mining group, is facing a difficult time. The group’s aluminum subsidiary and by far the world’s 4th largest aluminum producer, previously known as Rio Tinto Aluminum, had suffered a write down ...