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Steel company Nucor Corp. says it expects to begin production within the next few weeks at its direct-reduced iron plant in Louisiana. The Charlotte, N.C., company says the $750 million Convent plant is in the final stages of testing as a unit.
The Supreme Court on Monday allowed CBI to lodge criminal cases without taking consent of Karnataka government in connection with illegal export of iron and ore, the investigation into which was carried out under the direction of the apex court. Act
The anti-corruption vigilance sleuths today arrested two officials of steel and mines department on charge of showing undue favour to a Kolkata based industry by recommending and issuing permits for transportation of Iron Ore without valid license,
The company took shutdown of one of its Corex furnaces for relining and capacity enhancement and the same is expected to recommence production during September.
Commodity demand in China, the world's largest user of iron ore, copper and tin, will rebound through the end of the year as infrastructure projects gather pace and users restock, according to Goldman Sachs Group . The key demand driver is
The ghosts of a long-running corruption scandal have returned to haunt Pilbara junior Brockman Mining, with its chief executive having charges laid against him in Hong Kong over the past 24 hours. Luk Kin Peter Joseph has confirmed that charges have
Despite its poor second quarter 2013 result Bancolombia's fundamentals remain strong. Net loans for that period were up by 22% year-over-year and impaired loans remained at an acceptable 2.8% of total loans. Capital adequacy is also high, with the
The Western Australia Economic Regulation Authority said today Fortescue could charge between $84.7 million and $316.9 million a year for access to its rail, the Pilbara Infrastructure (TPI), the only iron ore rail line in Western Australia that is
Investors are lapping up Sesa Goa shares after its London Stock Exchange-listed parent Vedanta Resources consolidated its metals-to-crude exploration business under one roof. The shares of Sesa Goa, which will now house zinc, aluminium, power, crude
Demand for steel Iron ore and coal miner BHP Billiton is projecting steel demand to continue increasing through 2030 because of the population shift in emerging economies from rural areas to cities. That's been a big theme in China, where steel