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China July steel profit may hit $2.9 bln -paper – Reuters UK
Posted on August 2nd, 2009 No commentsSHANGHAI, Aug 3 (Reuters) – The Chinese steel industryos;s profit in July may have exceeded 20 billion yuan ($2.93 billion), its largest monthly gain in eight years, as domestic prices rose, the official Shanghai Securities News said on Monday, citing …
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Port authority eyes Alma expansion – Australian Broadcasting Corp.
Posted on August 2nd, 2009 No commentsThe Gladstone Port Authority says it has big plans to expand Port Alma, south of Rockhampton in central Queensland. Chief executive Leo Zussino says he hopes a deal with mining company Xstrata will see Port Alma become a major coal export facility …
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Essar may close Shree Precoated buy soon – Daily News and Analysis
Posted on August 2nd, 2009 No commentsMumbai: The Ruia-controlled Essar Steel may sign on the dotted line to buy Shree Precoated Steels in a week, a company official told DNA on condition of anonymity. The deal will make Essar Steel Indiaos;s largest cold-rolled steel producer. The …
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Coal fires up Indiaapos;s farmers against new power plants – Taiwan News
Posted on August 2nd, 2009 No commentsThey want electricity but electricity can be provided by wind or other renewables. But India – the worldos;s third-biggest producer of electricity from fossil fuel – appears set on coal, which at present provides just under 55 percent of the country …
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Uptick in steel – Economic Times
Posted on August 2nd, 2009 No commentsThe reports that ArcelorMittal, the world’s largest steel producer, is considering spinning-off its stainless steel business into a separate joint venture suggest a pause in the consolidation phase of the global industry. The economic downturn has …
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Travel by A-I only, govt tells its employees
Posted on August 2nd, 2009 No commentsIn a move that could give some comfort to the cash-strapped national carrier, the government has directed its employees to use only Air India (A-I) during their official domestic and foreign tours.
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Govt bilateral policy marginalising air carriers: Unions
Posted on August 2nd, 2009 No commentsThe government’s liberal aviation policy allowing foreign carriers to operate out of the country in lucrative routes has marginalised Indian airlines, both public and private, say Air India unions.
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Mittal doesn’t regret global acquisitions – Hindustan Times
Posted on August 2nd, 2009 No commentsUnlike business icon Ratan Tata, steel tycoon LN Mittal has no regrets about his global acquisition spree that earned him the “biggest steel maker” title and, with it, lots of problems. “We are the merger of the two best companies… the merged …
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Glass bottles to have production date embossed
Posted on August 2nd, 2009 No commentsYou may soon be able to know the age of glass bottles placed on your kitchen shelf. The All India Glass Manufacturers Association plans to emboss the manufacturing period on the outer surface of such bottles from this month to educate the public.
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Brown coal ally in reducing gas – The Australian
Posted on August 2nd, 2009 No commentsYOU would not normally expect to find the owner of a major brown coal resource sitting in the high chair at an environmental forum. But Dr John White, chief executive of Ignite Energy, would like to turn the image of brown coal upside down …
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