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professional steel exporter in China.
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A consortium led by China's Chalco, the listed arm of state-owned aluminium giant Chinalco, has finalised its joint venture with global miner Rio Tinto to operate the Simandou iron ore project in Guinea, making a $1.35 billion earn-in payment. Rio said...
Vale’s iron ore production reached 70.0 Mt in 1Q12, slightly below 1Q11 and a decrease of 15.6% quarter-over-quarter, basically due to the intense rainy season in Brazil. The production of Carajás and the Southeastern System fell in relation to 1Q11,...
Reuters reported that a limited global supply of copper concentrate should keep the market in a production deficit in 2012 supporting prices above current levels even though Chinese demand growth is expected to moderate further this year. This structural...
Nedbank Capital said that ArcelorMittal SA's steel prices for SA could be 33% higher than its benchmark, yet the company has been unable to generate margins superior to its local peers. This raises questions about the productivity and profitability of...
Business Recorder reported that Tajikistan's state owned aluminium smelter the largest in Central Asia, reduced output by 14.2% YoY in the Q1 of 2012 to 73,362 tonnes. A source said that Tajikistan Aluminium Company known as TALCO, plans to produce 332,500...
Trade Arabia reported that Emirates Aluminium will host the Gulf Aluminium Council exclusive second annual dinner on April 29th 2012 at the Emirates Palace hotel. GAC said that the event will provide a networking platform for the world’s top aluminium...
Shanta Gold revealed plans to raise USD 35 million to help fund the completion of the New Luika gold mine in Tanzania. It is raising US$25 million through the issue of convertible loan notes while equity investors will be offered USD 10 million worth...
The Associated Press reported that Peru's government appealed to mining companies for heavy equipment and experts to help free 9 miners trapped for 4 days in an informal copper mine. Several dozen rescue workers have been using pickaxes and shovels to...
The Moscow Times reported that SUAL Partners is suing Mr Oleg Deripaska's En+ Group and Glencore International fellow shareholders in the world's biggest aluminum producer United Company RusAl, to overturn trading contracts. SUAL, controlled by Mr Viktor...
BS reported that Vedanta Aluminium Limited has sought the intervention of the Orissa government for securing long term coal linkage for its captive power plant at Jharsuguda. The aluminium major required the coal linkage for its unit-6 and unit-9 of 135...
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