We're big in the Metals Business
Our family of companies provide this aggregated collection of news and information for the convenience of our customers and our friends.
-
Anglo, Rio wary about commodities recovery – Guardian Unlimited
Posted on May 12th, 2009 No commentsLONDON, May 12 (Reuters) – Mining groups Anglo American Plc and Rio Tinto are wary about when hard-hit commodity markets might recover, but are confident about the long-term health …
compliments of steelwarehouse.com
-
Consolidated Thompson says work on Bloom Lake iron ore mine may need … – Canada East
Posted on May 12th, 2009 No commentsTORONTO – Consolidated Thompson Iron Mines Ltd. (TSX:CLM) said Tuesday it could be forced to postpone completion of the Bloom Lake iron ore project in northeastern Quebec if a financing deal with a Chinese company falls through, but the chances of …
compliments of steelwarehouse.com
-
Cliffs Natural to Cut Dividend, Salaries, Sell Shares (Update2) (Bloomberg)
Posted on May 12th, 2009 No commentsMay 12 (Bloomberg) — Cliffs Natural Resources Inc. , North America’s largest iron-ore producer, is slashing its dividend, cutting salaries and selling common stock to generate cash in case metals demand worsens.
-
Corus plant closure may cost 10k jobs – Times of India
Posted on May 12th, 2009 No commentsLONDON: Nearly 10,000 jobs are under threat as Tata Steelos;s European arm Corus is mulling closing of one of its mills in England after a group of buyers terminated a contract to buy the unitos;s 80% produce for 10 years. Not only did the consortiumos;s …
compliments of steelwarehouse.com
-
Tata Steel to put £200 m into Corus equity – Daily News and Analysis
Posted on May 12th, 2009 No commentsMumbai: Tata Steel said it will infuse £200 million into Corus, its UK subsidiary, for the prepayment of Europeos;s second-largest steelmakeros;s debt. A senior company official, who declined to be named, said the equity infusion will take place in the …
compliments of steelwarehouse.com
-
Tata Steel pays tribute to PN Bose – New Kerala
Posted on May 12th, 2009 No commentsJamshedpur, May 12 : In order to commemorate the priceless contributions to the Indian iron and steel industry and, in particular, to Tata Steel, the company Tuesday paid floral tribute to the legendary Pramatha Nath Bose (P N Bose). This tribute …
compliments of steelwarehouse.com
-
Tata Steel will pre-pay £200m to recast debt – Financial Express
Posted on May 12th, 2009 No commentsFont Size Mumbai: Tata Steel Ltd, the world’s sixth-largest steel producer, on Tuesday said its subsidiary, Tata Steel UK, has asked its lenders to reset the terms of the debt it took to buy Corus. As part of the deal, Tata Steel will …
compliments of steelwarehouse.com
-
Tokyo/New Delhi, May 12 – Tribune
Posted on May 12th, 2009 No commentsAs part of efforts to de-leverage debt incurred by the companyos;s European operations, Tata Steel will prepay more than £200 million (Rs 1,500 crore) of its non-recourse debt. The payment will be made by Tata Steel UK, a wholly-owned subsidiary of …
compliments of steelwarehouse.com
-
10,000 jobs may face Corus closure heat – Hindustan Times
Posted on May 12th, 2009 No commentsNearly 10,000 jobs are under threat as Tata Steel’s European arm Corus is mulling closing of one of its mills in England after a group of buyers terminated a contract to buy the unit’s 80 per cent produce for 10 years. “Not only did the …
compliments of steelwarehouse.com
-
Tata Steel plans Rs 3,000 crore non-convertible debenture issue
Posted on May 12th, 2009 No commentsTata Steel, the worlds sixth largest steel-maker, will raise Rs 3,000 crore through non-convertible debentures (NCDs) to prepay the debt of its UK subsidiary, Tata Steel UK. The issue is Rs 1,000 crore higher than originally planned.
compliments of steelwarehouse.com