Vale’s CFO, Luciano Siani, said in a meeting this week that his company is planning to reduce its 50% share of the undergoing steel plant project Companhia Siderurgica do Pecem (CSP). He said his company is excited about the new ...
Volkswagen Australia Group (VAG) is targeting mining companies Rio Tinto and BHP in 2013, with the hope of securing lucrative sales contracts for its commercial vehicle range. Speaking at a media conference in Sydney, VAG managing ...
Tags: Volkswagen, Extra Sales, 2013
The sharemarket climbed again yesterday, closing the week on a high on good news from home and abroad and supported by investors seeking stocks with high dividend yields. The benchmark S&P/ASX 200 closed up 0.5 per cent at 4835.2 points, ...
Tags: stocks, sharemarket, financial stocks
Stocks advanced to a new 21-month high yesterday, led by the banking and telecommunications sectors, as investors continued to chase higher-yielding investments. The market, which began the day sluggishly following a disappointing report ...
Tags: Stocks, banking sectors, telecommunications sectors, China
Queensland-based mining companies including coal producers are expecting to shed nearly 500 jobs from their operations in the Australian state in the next 12 months, and this is on top of a net loss of 3,370 jobs in the mining industry in ...
The Australian sharemarket had its strongest day in almost two weeks yesterday, outstripping minor gains on Wall Street as strength in healthcare stocks, banks, telecommunications and consumer discretionary companies offset a drop among ...
Tags: Australia, sharemarket, Wall Street
According to the data released by China’s National Development and Reform Commission, in the January to October period of this year the aggregate gross profit of the Chinese iron and steel industry amounted to CNY 113.1 billion (USD ...
Tags: iron, steel industry, China, statistics
Traditionally, the copper price is as good a guide as any to the progress of the mining sector. It’s a relationship that has worked in the past and did again this year as well, with copper adding 5% over 12 months while the general UK ...
Tags: copper price, mining, UK mining sector, UK
According to statistics released by China’s National Development and Reform Commission (NDRC), the country’s iron and steel industry realized gross profits of RMB113.1 billion in the first 10 months of this year, slumping by ...
Tags: China, NDRC, iron, steel, gross profits
The outlook for the Latin American metals and mining sector in 2013 is mostly stable,although ratings agency Standard&Poor's is expecting metals prices to continue to drop. According to the agency,the prospects for slower global economic ...
Tags: Latin American, Metals and Mining Sector, Standard and Poor
In the January-October period of this year the aggregate gross profit of the Chinese iron and steel industry amounted to RMB 113.1 billion($18.1 billion),decreasing by 48.3 percent year on year,according to the data released by China's ...
Tags: NDRC, Chinese steel industry, steel smelting, processing sector
The mining and minerals industry has made major advances towards sustainability, but the sector faces new challenges as governments reassert control over their natural resources, but lack capacity to ensure mining can contribute to ...
Tags: Africa, Asia, Australia, China, Coal, Consultants News, Copper, Diamond
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with. China will ...
Tags: China, Coal, Copper, Finance, Iron Ore, Lead, Nickel, Potash, Rare Earth, Zinc
Economic Times reported that AIA Engineering's growth will boost with it gradually gaining traction in the mining and power industry. The company is in a very niche business of manufacturing of impact abrasion and wear resistant high ...
Tags: AIA Engineering, mining, power, cement companies
Labor problems and low prices have platinum mines closing up shop in South Africa, and the potential for acquisitions is ripening. Senior Mining Analyst and Managing Director at Stifel Nicolaus in Toronto, George Topping believes that ...
Tags: Finance, Rare Earth, Metallurgy