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SAIL's disinvestment may not go through this fiscal

Mr S.K. Roongta Kolkata, Feb. 4, 2010 - Steel Authority of India Ltd's proposed disinvestment may not be through this fiscal as it is not clear yet if the Union Cabinet will approve the proposal shortly. "We're not sure," Mr S.K. Roongta, Chairman of SAIL, told newspersons here ...

Eti Krom has no plan to cannel any of its supply contracts

After Eti Krom announced force majeure on Jan 26, 2010, Eti Krom once again declared that the company would have to delay the delivery of some chrome ore and ferrochrome, but so far has no plan to cannel any of its supply contracts. Eti Krom promises that the company will deliver ...

Uley graphite mine to begin operation

Jan. 3, 2010 THE Uley graphite mine could start operating again in the near future, with exploration company Strategic Energy Resources looking at prospective partners. A recent resource upgrade from an inferred resource to an indicated resource has boosted the mine's positive ...

ACC rises on higher shipments in January 2010

Feb. 2, 2010 The company announced the monthly sales numbers after market hours on Monday 1 February 2010. Meanwhile, the BSE Sensex was up 59.49 points, or 0.36% to 16,415.52. On BSE, 50,994 shares were traded in the counter as against an average daily volume of 1.08 lakh shares ...

Simcoa to increase silicon production by 50%

Feb. 3, 2010 Simcoa Operations will increase production to 48,000 tpy when a third arc furnace is commissioned in August next year, the company said.

Largest chrome ore deposit of Europe in Albania

Jan. 3, 2010 In Albania there are large deposits of chrome ore, bauxite, copper, nickel, quartz, magnesium and cobalt. In the last two years huge explorations have taken place in Northern Albania, especially Tropoje and Kukes. According to Albanian Minerals & Bytyci Shpk engineer ...

Rio Tinto Alcan sells majority stake in Ghana Bauxite

Feb. 4, 2010 MONTREAL The aluminum division of Anglo-Australian mining giant Rio Tinto has sold its 80 per cent stake in Ghana Bauxite Company Ltd. to private a Chinese firm. Financial details of the sale to Bosai Minerals Group were not disclosed. The remaining 20 per cent of ...

Diatreme zooms in on zircon

Feb. 3, 2010 Mineral sands explorers in the Eucla basin are finding a few surprises in their mineralisation, and in some cases it could mean a doubling in size of deposits. The overburden, or rock that is closer to the surface, usually isn't worth anything, but zircon explorer ...

Kenmare six months off growth decision on zircon

Feb. 1, 2010 KENMARE Resources, which has an ilmenite mine and plant in Mozambique, says it will iron out the remaining bugs in its processing side of the operation soon and is studying an expansion project to meet a widening gap in supply and demand. London- and Ireland-listed ...

Flourspar to reopen for business

Feb.1, 2010 Plans are underway for the re-opening of Fluorspar Mining Company, whose closure has adversely affected the economic status of many residents of Kerio Valley in Keiyo South District. The company is likely to re-open in June this year when the price of fluorspar in the ...

State's industrial units to be classified on pollution levels

PANAJI: Jan. 27, 2010 - The Goa State Pollution Control Board is in the process of classifying all the industrial units micro, small, medium and large in the state into Red, Orange and Green categories as per their pollution load, after which the same will be forwarded to the ...

Graphite to set up power plant in Durgapur

Jan. 30, 2010 K K Bangur group company Graphite India is planning to invest Rs.214 crore for setting up a coal-based 50 MW thermal power plant as part of its plans to optimise costs. The company, which has units in Durgapur, Bangalore, Nasik and Germany, is now operating at a 60 ...

NACCIMA wants FG to set up minerals development bank

Jan 31 The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture asked the Federal Government to create to funding agencies for the development of the solid minerals sub-sector of the economy in the country. According to the President of NACCIMA, Dr. Simon ...

Uganda vermiculite mine to start

Jan. 29, 2010 East African Vermiculite's (EAV's) operation in Uganda is moving towards recommissioning its pilot project and production is expected in the first quarter of this year, the company says. EAV is a subsidiary of Australian mining junior Gulf Resources. The manufacture ...

China extends anti-dumping measures on phenol

Jan. 31, 2010 The Chinese mainland announced Sunday it would extend anti-dumping measures by five years on imports of phenol from Japan, the Republic of Korea, the United States and Taiwan. The Ministry of Commerce (MOC) said in a statement posted on its website that it decided ...

NALCO sells alumina at USD 336 per tonne

Feb. 1, 2010 It is reported that India's state run National Aluminum Company Limited has sold 30,000 tonnes of alumina at USD 336.36 per tonne free on board. The source said that the alumina, to be shipped in February was purchased by Swiss trader Glencore. He said that NALCO ...

Dyson may only operate with fiber in future

Jan. 27, 2010 HIGH TECH materials firm Dyson is believed to be on the verge of a debt-for-equity swap with its banks, after reporting "significant progress" on debt talks. The Sheffield-based company, which has struggled with a heavy debt burden and its exposure to the automotive ...

Zimbabwe: U.S.$20 Million for Zimglass Furnace Revamp

Jan. 27, 2010 Harare THE G2 furnace at the country's sole glass manufacturer, Zimglass, is due for rebuilding this year at a cost of between US$14 million and US$20 million. Zimglass managing director Mr Jacob Dube said the actual cost and timing of the exercise would, however, ...

KaMin LLC Changes to North American Distribution

Jan. 27, 2010 KaMin LLC consolidated its North American distribution network for industrial specialties markets including coatings, inks, plastics, adhesives and sealants, and agricultural market segments. According to company officials, the change represents expanded territories ...

Graphite India net soars 2 times in Q3 2009

Feb. 8, 2010 Graphite India disclosed a phenomenal rise in standalone net profit for the quarter ended December 2009. During the quarter, the profit of the company rose 2.15 times to INR 629.80 million from INR 293.10 million in the same quarter previous year. Net sales for the ...
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