The union government on Thursday decided to call a meeting of country’s iron ore producers next week to discuss problems faced by the sector.
Speaking to reporters here, Commerce Secretary G.K. Pillai said: “We have called a meeting of the iron ore producers on 1st April. We will persuade them to reduce prices and any hike [...]

Ansonia Copper and Brass Co. will be laying off about half its workers at in the next few months, the copany president announced Thursday.
Company president Ray McGee said 84 employees would be laid off effective April 2. Around 160 people work at the factory.
McGee said rising utility costs, particularly natural gas and oil, forced the [...]

Nine out of almost 50 oil workers being held hostage at an oil production facility in Nigeria’s southern Niger Delta have escaped, a senior manager at the oil company Agip said on Thursday.
An Agip spokesman in Lagos said the Tebidaba flow station, located deep in the mangrove creeks of Bayelsa state, was still under occupation [...]

Works Superintendent of the Brass, Aluminium and Cast Iron Foundry Ltd (BACIF) Rondel Ally has told Stabroek Business that the local foundry can match the quality of the fabricated components being imported by Brazilian miners operating in Guyana and that the company is seeking to improve its share in that market.
“There is an increasing Brazilian [...]