Mechel OAO, one of the leading Russian mining and metals companies, attended the 14th annual Metal Expo’ 2008 international specialized exhibition held at the Crocus Expo International Exhibition Center in Moscow, Russia on November 11-14, 2008.
The Metal Expo’ 2008 exhibition featured the products and achievements of more than 700 companies from 30 countries worldwide in [...]
Through its mining division Severstal Resources, OAO Severstal announced that it intends to acquire the business of PBS Coals Corporation by way of an acquisition of Penfold Capital Acquisition Corporation following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying an enterprise value of US$1.3 [...]
The export of metals and minerals is expected to grow in the coming financial year as mining projects expand or start production to capture demand from the urbanisation and industrialisation of emerging economies.
The federal government said in its 2007/08 budget papers that “non-rural commodity exports are expected to grow” as new projects and expansions come [...]
Russian steel maker Mechel said on Wednesday it has agreed to pay $1.5 billion (750 million pounds) in cash to acquire ferro-chrome producer Oriel Resources as it expands its ferro-alloy business.
Mechel, Russia’s largest coking coal producer, said it would pay 219.86 U.S. cents per share in Oriel, a Britain-based company that operates a ferro-chrome [...]
Thursday, the media reported that Jindal Steel and Power is likely to ship iron ore from EI Mutun mines in Eastern Bolivia through the Paraguay river using port facilities at Corumba. Brazilian mining majors like MMX, Vale and Rio Tinto are using the port facility of Corumba for shipping iron ore and pig iron.
The Managing [...]
CHINA continues to chip away at the Australian iron ore duopoly, with two Chinese steel producers signing separate offtake contracts with the BHP Billiton offshoot and steel manufacturer, OneSteel.
Taking advantage of high steel prices and a reconfigured mill at Whyalla, OneSteel has signed 10-year hematite supply deals with Shanzi Haixin Iron & Steel Group for [...]
Resources giant BHP Billiton Friday said it will invest 1.85 billion US dollars to expand capacity at its western Australian iron ore operations amid increasing demand from China.
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The investment will allow the company, the world’s largest diversified miner, to increase production to 155 million tonnes per annum from 2010.
The group has already completed two [...]
BHP Billiton, the world’s biggest mining company, said Thursday that second-quarter iron ore and manganese output rose to records to meet rising demand from steelmakers in China and Japan.
Iron ore production rose 11 percent to 25.4 million tons in the three months ended Dec. 31, from 22.9 million tons a year earlier, BHP said in [...]
The Centre says it has reached a consensus with the Jharkhand government on renewing the lease of SAIL for half of the iron-ore deposits, or 1 billion tonnes, in Chiria. An understanding has also been reached on Jharkhand renewing the lease on Gua mines.
Mining lease for the other 1 billion tonnes in Chiria will be [...]
Investor bids have already more than covered the book for the initial public offering of shares by Raspadskaya, the first coal company to float on the Russian stock market, a banking source said on Thursday.
Raspadskaya, part-owned by steel maker Evraz Group , said on Monday it would offer 18 percent of its capital, or 140.8 [...]
