Steelmaking Capex News

Orissa to inspect iron ore mines for violations (Reuters via Yahoo! India News)
Sat 7 Nov 2009 6:00am
The Orissa government will inspect several iron ore mines, a government official said, in a crackdown on firms involved in illegal mining or violating environment rules....


Finally, Tata Steel gets land in Vietnam for $5-bn project (Business Standard India)
Fri 6 Nov 2009 7:31pm
Decision to allocate 725 hectares comes after a long delay. After two years of waiting, Tata Steel will get alternative land in Vietnam for building a 4.5 million tonne a year steel ......


Centrex shares soar as Oz govt approves Wugang investment (People's Daily)
Fri 6 Nov 2009 5:19am
Shares of Centrex Metals Ltd jumped to a record in Sydney trading yesterday after the Australian government approved Chinese miner Wuhan Iron & Steel Group's (Wugang) A$271 million (......


Gerdau boosts 2010-14 capex budget to US$5.2bn - Brazil (Business News Americas)
Thu 5 Nov 2009 8:44pm
Brazilian steelmaker Gerdau (NYSE: GGB) has set a capex budget of 9.5bn reais (US$5.2bn) for the 2010-14 period, CEO André Gerdau Johannpeter said Thursday during a conference call....


Australia approves Wisco's investment in Centrex (Market Watch)
Thu 5 Nov 2009 12:30pm
Chinas Wuhan Iron & Steel wins approval from Australian regulators to proceed with an investment in Centrex Metals Ltd....


Chinese steel maker gets nod for Centrex stake (Brisbane Times)
Thu 5 Nov 2009 8:54am
The Australian government has approved a $271 million investment by Chinas third largest steel maker in iron ore explorer Centrex Metals....


BJP to raise Orissa mining scam in Parliament (Press Trust of India)
Wed 4 Nov 2009 5:22pm
Bhubaneswar, Nov 4 (PTI) A five-member MP delegation of BJP today arrived here to make an on-the spot inquiry into the alleged multi-crore mining scam in Orissa and announced that it......


ArcelorMittal May Look at Alternative Sites for India Factory (Bloomberg)
Wed 4 Nov 2009 8:36am
Nov. 4 (Bloomberg) -- ArcelorMittal, the worlds largest steelmaker, may look at other locations for its proposed factories in India after facing delays for more than four years in s......


Iron-ore worth Rs seven crore seized (Press Trust of India)
Fri 30 Oct 2009 11:37am
Rourkela, Oct 30 (PTI) About 80,000 tonnes of iron ore worth more than Rs seven crore has been seized by Orissa's mining authorities from Koida mines in Sundargarh district, official......


Land trouble 'trips' mega-steel projects (rediff.com)
Thu 8 Oct 2009 11:11pm
In the past four years, there has been some progress in allocation of iron ore and coal mine--the two key raw materials for steelmaking. The memoranda of understanding for the minera......