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Iron ore shortage in Telangana may hit SAIL's plans
Tue, 02 Sep 2014 18:17:00 +0100
iron oreThe Steel Authority of India Limited (SAIL), had previously, agreed to the state government's proposal to set up a steel plant. However, its requirement of at least 200 million tonnes (MT) of iron ore has become a hurdle for the government as it explores ...

The SmartDitch Surface Water Run-off System
Tue, 02 Sep 2014 12:49:00 +0100
environmentalStormwater run-off from mining and industrial operations is a big threat to land and water quality in both urban and rural areas. Download the free brochure to read how SmartDitch could help your business protect its assets and the environment.

Germany: ThyssenKrupp announces more job cuts - World Socialist Web ...
Tue, 02 Sep 2014 06:08:27 +0100
ThyssenKrupp will realize additional savings and income through the sale of corporate assets, including its remaining shipyards and the high-grade-steel plant in the Italian city of Terni, as well as VDM in Germany. At both plants, ThyssenKrupp has ...

Rinehart tips early shipments for Roy Hill iron ore mine - The Australian
Tue, 02 Sep 2014 03:58:59 +0100
Once complete, the mine will produce 55 million tonnes a year of iron ore. This is a project that will employ thousands of Australians for decades and earn much needed export revenue for Australia, Mrs Rinehart said. Roy Hill is currently the ...

Iron ore price touches fresh two-year low - The Australian
Tue, 02 Sep 2014 00:26:42 +0100
china flagAs a result benchmark iron ore for immediate delivery to the port of Tianjin in China is currently trading at $US87.10 a tonne, down almost one per cent from its $US87.90 closing mark in the previous session and below the year's previous low point of ...

Australian Government to scrap 30% mining tax on profits
Tue, 02 Sep 2014 00:00:00 +0100
coalThe Australian Government is set to scrap its 30% tax on coal and iron-ore profits made by mining firms, after it successfully repealed the Minerals Resource Rent Tax (MRRT) in the upper-house senate, with support from six crossbenchers, including Pa

Daily iron ore market update (absolutely smashed) - MacroBusiness ...
Mon, 01 Sep 2014 22:19:25 +0100
pricesEquity markets continue to trade as if this is just another stocking price cycle in iron ore. The evidence points in another direction. It's a structural adjustment to lower steel growth; lower steel prices, lower iron ore prices and iron ore ...

International Trade Commission Vote Could Impact PA Steelworkers ...
Mon, 01 Sep 2014 21:07:49 +0100
steel tubeA recent decision by the International Trade Commission regarding South Korean steel tubes may have an effect here in southwestern Pennsylvania. The ITC voted recently to impose duties on steel pipes and tubes from South Korea and five other countries, ...

NMDC Buys 30% More Stake In Australian Unit Legacy Iron Ore - Hindu ...
Mon, 01 Sep 2014 17:44:58 +0100
NMDC last month raised its stake in its Australian subsidiary Legacy Iron Ore Ltd to 78.56 per cent from 48.82 per cent at a cost of A$12.3 million (about 69 crore). It acquired additional shares through exercise of its entitlement (in a right issue ...

Coalgate: India urges supreme court not to close coal mines
Mon, 01 Sep 2014 15:45:33 +0100
coal minerNarendra Modis government pleads to exempt 46 illegal licences arguing total shutdown will cripple the power sector The Indian government has urged the countrys supreme court to allow 46 illegally granted coal licenses to continue to operate. The court is considering what action to take in the Coalgate corruption scandal. Last week, it found that every coal mining license the government ...

Hargreaves Services flogs Imperial Tankers
Mon, 01 Sep 2014 15:07:03 +0100
A challenging coal market has forced Hargreaves Services (HSP) to refocus its strategy, with the disposal of Imperial Tankers its first move. But with risks still clouding coal's outlook for the foreseeable future, will this strategy change be enough

India govt asks court to halt scrapping of some coal mines
Mon, 01 Sep 2014 14:01:05 +0100
File photo shows a labourer shifting coal being loaded onto a truck at the Kankaria Railway Yard in Ahmedabad, western India on September 5, 2012

July infrastructure output growth slows to 3-month low of 2.7 pct
Mon, 01 Sep 2014 12:47:24 +0100
NEW DELHI (Reuters) - India's annual infrastructure output growth slowed to a three-month low of 2.7 percent in July, government data showed on Monday, dragged down by a contraction in production of natural ...

United States Steel Given "Neutral" Rating at Zacks (X) ...
Mon, 01 Sep 2014 12:43:53 +0100
Shares of United States Steel (NYSE:X) opened at 38.65 on Thursday. United States Steel has a one year low of $18.02 and a one year high of $39.58. The stock's 50-day moving average is $33.02 and its 200-day moving average is $27.52. The company's ...

Central European PMIs point to slowdown as sanctions hit sentiment
Mon, 01 Sep 2014 12:03:24 +0100
Polish manufacturing activity shrank for a second straight month in August and Czech expansion slowed more than expected, adding to signs weaker euro zone economies and crisis in Ukraine are cooling growth in the EU's east. Economies in central Europe have rebounded strongly from a sharp slowdown or even contraction in the past year but are starting to slow, and analysts expect that to continue ...

German manufacturing grows at slowest rate in 11 months in Aug -PMI ...
Mon, 01 Sep 2014 11:55:51 +0100
Reuters UK - The coking plant and blast furnace of ThyssenKrupp Steel Europe AG are seen in Duisburg in this January 14, 2014 file picture.s. Credit: Reuters/Ina Fassbender/Files. Related Topics. Business ยป. BERLIN (Reuters) - Germany's manufacturing sector ...

In pictures: India's coal miners
Sun, 31 Aug 2014 21:52:21 +0100
Coal miners a work in eastern India

Indian power station coal stocks lowest since 2012 blackouts
Fri, 29 Aug 2014 11:21:18 +0100
Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world's worst blackouts. There was a sharp fall in power output on Thursday from a plant in Gujarat that left India more than 9,000 megawatts short of peak demand, according to two officials ...

Friday newspaper round-up: AA, Iron ore prices, Ocado...
Fri, 29 Aug 2014 07:15:10 +0100
Friday newspaper round-up: AA, Iron ore prices, Ocado... Shareholder groups last night warned of a corporate governance breakdown at the AA after chief executive Chris Jansen resigned two months after its stock market float.

Miners face $30bn revenue hit from falling iron ore price
Thu, 28 Aug 2014 20:29:15 +0100
Global mining giants face a slump in revenue during the next 12 months as the iron ore price by falls by 36pc this year

Questor share tip: Miners downgraded on iron ore slump
Thu, 28 Aug 2014 20:25:39 +0100
FTSE 100 miners are feeling the pain from a slump in the iron ore price, says Questor

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