Posts by Steel Guru:

Australia told to make use of brown coal reserves

It is reported that a mining company has told a parliamentary committee Victoria needs to make more productive use of its coal reserves. Exergen is lobbying the State Government for the right to mine one billion tonnes of coal in the Latrobe Valley. It...
Steel Guru | December 26, 2011 | 8:52 pm

Thermal coal miner Ambre plans Australian public offer

It is reported that thermal coal miner and exporter Ambre Energy is running a beauty parade of advisors for an initial public offering on the Australian Securities Exchange slated for May or June of 2012. Mr Edek Choros chief executive of Ambre said th...
Steel Guru | December 26, 2011 | 8:52 pm

Coal mine incident kills another labor in Baghlan province

According to reports, another Afghan coal mine labor was killed at northern Nahrin district of Baghlan province during the rescue efforts on Saturday evening. The latest casualty tolls up the number to 12 who have been killed in Nahrin coal mine collap...
Steel Guru | December 26, 2011 | 8:52 pm

Copper traders bullish in two months on demand outlook

Copper traders are the most bullish since October as global inventories at a two year low add to signs that demand is improving. Sixteen of 28 analysts surveyed by Bloomberg expect the metal to advance next week, the first positive outlook in three wee...
Steel Guru | December 25, 2011 | 11:51 am

Ukraine to produce 36 million tonnes of steel in 2012

The Ukrainian parliament has forecast 3.8% growth in domestic pig iron production in 2012 compared to the expected results for 2011, increasing to 30 million tonnes. Production of steel is predicted to increase by 3.4%YoY in 2012 to 36 million tonnes....
Steel Guru | December 25, 2011 | 10:19 am

Australia and Indian ministers discuss cooperation in mining

The Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, Government of Australia, Mr Bill Shorten called on the union minister for steel Mr Beni Prasad Verma here yesterday. They discussed cooperation in the Mineral and Mining sector.
Steel Guru | December 18, 2011 | 2:30 pm

Matsa inks deal with Haina to develop Dundas Iron Ore Project

Matsa Resources has announced an important development in its strategy to develop its Dundas Iron Ore Project following agreement with Haina Resources Pty Limited, a subsidiary of Haina International Trading HK Limited, a controlled entity of Shandong Shanshi International Trading Co Limited that paves the way for a formal agreement.
Steel Guru | December 15, 2011 | 7:43 am

Severstal to acquire 100pct of the Putu Iron Ore project in Liberia

Severstal announced that its indirect subsidiary Lybica Holdings BV has entered into a legally binding heads of terms agreement with Afferro Mining Inc and its wholly owned subsidiary Mano River Iron Ore Holdings Limited for the purchase of 38.5% interest in the Putu Iron Ore Project, Liberia.
Steel Guru | December 13, 2011 | 5:43 am