Localities affected by Samarco disaster to receive special fundingWed, 21 Feb 2018 12:35:00 GMT
A total of 39 Brazilian municipalities affected by the collapse of iron ore pellet maker Samarco's Fundo tailings dam in Minas ... BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or ...
Preliminary Results 2017Wed, 21 Feb 2018 00:00:00 GMT
RNS Number: 4435F Glencore PLC 21 February 2018 Glencore plc Baar, Switzerland 21 February, 2018 Preliminary Results 2017 Highlights Glencore's Chief Executive Officer, Ivan Glasenberg, commented: Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses. Marketing Adjusted EBIT exceeded $3 bi...
Gerdau to Divest Two Hydroelectric Plants to Kinross GoldFri, 16 Feb 2018 05:00:00 GMT
Brazilian steel producer Gerdau S.A. GGB ... Its fully-owned subsidiary Kinross Brasil Mineraao will be purchasing the twin hydroelectric power plants of Gerdau. In the last two days, the companys American Depository Receipts have gained ...
Kinross Gold to acquire two hydro power plants in Brazil for ...Fri, 16 Feb 2018 00:14:00 GMT
The acquisition will be completed by Kinross subsidiary Kinross Brasil Mineraao from Brazilian steel manufacturer Gerdau. Kinross expects to finance the acquisition by pursuing debt financing of about $200m, with the balance from existing liquidity ...
Gerdau to sell Brazilian power units to Kinross for $255 mlnThu, 15 Feb 2018 11:32:00 GMT
Gerdau has entered into a deal with Kinross Brasil Minerao to sell its two hydroelectric plants in Brazils mid-western Gois state for 835 million Reais ($255 million), as a further step in its strategy to focus on profitable steel assets ...
Gold mining company acquires two hydropower plants in BrazilThu, 15 Feb 2018 09:31:00 GMT
Kinross Brasil Mineracao has agreed to acquire two hydroelectric plants in Brazil for $257 million, with the intention of securing a long-term supply of power for the companys Paracatu mine. The two facilities, owned by a subsidiary of steel producer ...
Broker Forecast - Credit Suisse issues a broker note on Glencore ...Thu, 15 Feb 2018 00:00:00 GMT
Credit Suisse today reaffirms its outperform investment rating on Glencore PLC (LON:GLEN) and raised its price target t...
How Brazils Worst Environmental Disaster Is Still Affecting Thousands ...Wed, 14 Feb 2018 15:11:00 GMT
60 million cubic meters of iron ore tailings were leaked from the Samarco-operated mining complex and traveled 55 km from the Gualaxo do Norte River and another 22 km from the Carmo River to the Doce River. In total, the mud traveled 663 km to find the sea.
Mealie Brand capacity hits 80pcWed, 14 Feb 2018 14:30:00 GMT
Our major challenge is lack of the major raw material which is steel due to the closure of Zisco. We now have to import most of the steel that we need and foreign currency has been coming in dribs and drabs. Our business is seasonal and we are ...
Steel Workers Deserve Protection From Foreign Imports The Report: ...Wed, 14 Feb 2018 11:43:00 GMT
The entire U.S. steel industry faces an existential crisis as it struggles to respond to imports and global overcapacity driven by foreign government subsidization. A flood of imports from Vietnam, Turkey, Brazil and others has deflated prices globally to ...
Man plays steel-made Chinese violinWed, 14 Feb 2018 00:37:48 GMT
A coal worker plays a traditional Chinese violin made of steel and connected to an electric welder in northern Chinas Pingdingshan, Henan province. The footage, captured on January 26, shows sparks coming out of the instrument as the man rubs the violin ...
BHP Billiton takes 1.3bn tax hit in the USTue, 13 Feb 2018 22:17:00 GMT
BHP is awaiting the outcome of a case in Brazil to decide the final compensation due following the fatal accident at Samarco in 2015. A dam at the iron ore mine collapsed, killing 19 and flooding a river valley. Prosecutors had been looking for billions of ...
Andritz starts up tissue machine with the worlds largest steel ...Tue, 13 Feb 2018 12:25:00 GMT
International technology Group Andritz has successfully started up the PrimeLineST W22 tissue machine with steel yankee dryer and steam-heated hood delivered to Carta Fabril, for its mill in Anpolis, Brazil. Due to the outstanding and short commissioning ...
ArcelorMittal, Ruia-backed Numetal to be prime contenders for ...Mon, 12 Feb 2018 00:00:00 GMT
Tata Steel is the other potential contender but most expect it to be less aggressive than the other two. Vedanta and JSW are unlikely to submit binding offers.
Dalian iron ore edges down after 6-day romp ahead of Chinese ...Sun, 11 Feb 2018 18:55:00 GMT
But steel prices were marginally higher, supported by news that China's top steelmaking city of Tangshan will extend restrictions on production beyond the end of the winter heating season on March 15. The most-active iron ore contract for May delivery on ...
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