Asia

Tenders for work in the Asia

Global furnace group boasts numerous projects

Local furnace supplier Tenova Pyromet is undertaking the design and supply of components for two ferrochrome furnaces for use at the Xstrata-Merafe Lion ferrochrome complex, in Limpopo.

Private-sector participation in rail, port capacity expansion vital – TFR

The participation of industry in State-owned Transnet Freight Rail’s (TFR’s) seven-year, R300-billion rail and port capacity expansion programme will be a critical determinant of its success, TFR commodities and key accounts GM Divyesh Kalan...

Novelis posts loss; sees demand rising

Novelis, the US unit of India's largest aluminum producer Hindalco Industries, posted a quarterly loss, hurt by lower average aluminum prices and sales. However, the company expects a rise in demand for aluminum rolled products in Asia, driven...

Company Announcement:LontohCoal Media Statement on OTC Share Trading Platform Launch

On behalf of the Board of Directors of LontohCoal Limited, it gives me great pleasure to announce the launch of trading of LontohCoal Limited’s shares on an OTC basis from 01 June 2012

Gold slumps on scepticism of EU meeting

Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...

Vale says iron-ore sales brisk despite slower China

Brazilian miner Vale is selling iron-ore about as fast as it can mine it despite a slowdown in the economy of China, its top customer, the company's head of investor relations said on Monday. A string of economic indicators show China, the...

Anglo American to open London, Singapore sales hubs

Global miner Anglo American is opening a new commercial hub in Singapore on July 1 and also in London, a move that reflects the shift in the company's sales focus to Asia. Tom Bell, who has been with Anglo's London-based thermal coal marketing...

India, China, Taiwan lead SA April coal imports

Asia absorbed most of South Africa's 5.2-million tons of coal exports in April, led by India, China and Taiwan, exporters said. Almost all of South Africa's thermal coal is exported from the private Richards Bay Coal Terminal (RBCT) in Kwazulu...

India discovers new platinum reserves

The Geological Survey of India (GSI) has recently established the presence of platinum-group elements (PGE) across India, through the discovery of 19.08-million tons of platinum ore equivalent. The platinum ore reserves have been established in...

NSL becomes first foreign iron-ore producer in India

Bulk commodities company NSL Consolidated has sold its first iron-ore into the Indian domestic market, as the company transitioned from developer to producer. NSL was the only foreign company to own and operate iron-ore mines in India.

Indian trade unions stall legislative reforms

In the face of stiff opposition from trade unions, the Indian government would not be pushing ahead with amending the Coal Mines (Nationalisation) Act, enabling all private and public Indian companies to mine coal in the country. The Coal Mines...