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IRON AND STEEL
Shareholders ask questions of AMSA CEO's pay hike
Wednesday , 16 May 2012Shareholders raised concerns at ArcelorMittal South Africa's AGM Wednesday particularly as to the remuneration paid to CEO, Nonkululeko Nyembezi-Heita
Vale not retaliating against mega ship ban
Wednesday , 16 May 2012Industry officials say the Brazilian iron ore miner has not stopped hiring vessels from some Chinese firms in retaliation for Beijing's ban on its huge Valemaxes.
ThyssenKrupp considers selling Brazil, Alabama steel mills
Tuesday , 15 May 2012The management board had decided to examine all strategic options including a partnership or a sale for the two mills, in which it has invested a total of 12 billion euros.
JSW Steel Q4 net profit beats expectations
Monday , 14 May 2012Analysts expected JSW Steel to report a quarterly net profit of 7.07 billion rupees on sales of 87.4 billion, but the steelmaker achieved net profit of 7.52 billion rupees.
Large-scale batteries may be a major kicker for vanadium-Ecclestone
Monday , 14 May 2012While vanadium is "not the word on everyone's lips", Hallgarten's Christopher Ecclestone suggests new uses for and increased usage of the base metal in Chinese steel could make it "more sexy."
Kumba's Sishen saga heads for Appeal Court
Friday , 11 May 2012South Africa's high court granted ICT and the department of mineral resources leave to appeal a ruling on the ownership of lucrative iron mineral rights
China's ban on Vale's iron ore carriers costs Chinese firms
Thursday , 10 May 2012Traders and industry sources say Brazil's Vale had stopped using Chinese iron ore carriers to get even with the Chinese government which has banned its huge ships.
Mechel's mining unit lifts 2011 net profit
Thursday , 10 May 2012The Russian steel and coking coal miner said Thursday its 2011 net profit of $727.9 million was largely boosted by its mining division.
Northern Iron shares surge on Indian bid report
Thursday , 10 May 2012Citing people with direct knowledge of the matter, the Economic Times reported Thursday that Aditya Birla had submitted a non-binding bid for the miner, sending its shares up 19% to a six month high.
Rio Tinto backs iron ore despite volatile global environment
Thursday , 10 May 2012Management is eyeing the thriving iron ore mining environment in Australia and says it will seek board approval for the Pilbara expansion to 353 million t/y capacity around the middle of this year.
ArcelorMittal eyes higher Q2 profits after strong start
Thursday , 10 May 2012The Luxembourg-based company is hoping to reel in even stronger profits in the second quarter after it beat expectations in the first three months of the year.
Europe must improve for Kloeckner & Co to reach 2012 profit
Wednesday , 09 May 2012The metals trader says it will only reach its 2012 profit target if Europe's economy improved in the second half of the year.
Sierra Leone presidential candidate to renegotiate iron ore mining contracts
Tuesday , 08 May 2012Former junta leader and now presidential candidate, Julius Maada Bio, says the current contracts are not in the interest of the country and only benefit the mining companies.
ArcelorMittal sees 2012 steel use growing 4% to 4.5%
Tuesday , 08 May 2012The world's largest steelmaker sees global steel consumption growing by between 4% and 4.5% this year, estimating a decline in use in Europe and a surge in North America.
India's big Bolivian iron ore project reaches flashpoint
Tuesday , 08 May 2012Jindal Steel's ambitious $2.1 billion investment plans for iron ore mining in Bolivia faces an uncertain future, with the Bolivian government encashing the Indian company's $18 million bank guarantee citing breach of contract.
TOP STORIES
Extorre looks to high-grade open pits to fund Cerro Moro development
Wednesday , 16 May 2012Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.
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