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...

Company Announcement: South American Silver Corp. Announces Final Closing of $16 Million Financing with Asian based High Technology Groups

South American Silver Corp. is pleased to announce that it has closed the final tranche of $9.6 million, of its $16 million private placement Offering of 10 million Units of the Company announced 16 April 2012.

Australia swings to trade deficit as iron, coal exports fall

The Australian Bureau of Statistics (ABS) on Friday reported the first monthly trade deficit in one year, on the back of falling iron-ore and coal exports. ABS reported a trade deficit of A$673-million in January, compared with a revised surplus...

Vale’s foreign focus is on Africa, Asia a key market – CEO

The CEO of Brazilian major diversified mining group Vale, Murilo Ferreira, has reconfirmed the importance of Africa to his company. “It’s a new frontier,” he told the Brazilian journal Brasil Econômico last week. “Not only from the point...

Company Announcement: The Market for Smelting Works and Rolling Mills is picking up International Demand for German Tube System Technology

At an international level, the machinery and plant manufacturing sector was amongst those branches of industry affected most by the financial and economic crisis 2009. After overcoming the crisis, partial areas of the sector proved to be driving...

Inpex, Total ink sales deals for Ichthys LNG project

Japan’s Inpex and its joint venture (JV) partner Total have signed further sales agreements for the Ichthys liquefied natural gas (LNG) project with the CPC Corporation of Taiwan, Chubu Electric Power Company, and Toho Gas Company. Under the...

China Steel, Vale agree 23% iron-ore price cut-source

Taiwan's China Steel has agreed a 23% cut in iron-ore prices for October-December versus June-August with Brazilian miner Vale, a source with direct knowledge of the deal said on Tuesday. The steep price cut follows a 31% slump in spot iron-ore...

South Africa urged not to devote time to ‘unsuccessful concepts’ like nationalisation

South Africa does not have time to try unsuccessful concepts, said South African independent policy research and education organisation the Free Market Foundation (FMF) economist Vivian Atud at the FMF nationalisation discussion on November 3.

BMW unveils new 3 Series, to release hybrd version in 2012

German car manufacturer BMW has lifted the veil on its new 3 Series sedan, which will go on sale in February next year.

Royal Nickel eyes ferronickel production to boost recoveries

Royal Nickel Corp, the Canadian junior hoping to build a nickel mine in Quebec, on Monday said it had produced high-grade ferronickel using a lab scale sample of concentrate from its Dumont project. The results of the tests showed the company had...

Company Announcement: Stainless production rises in the first half of 2011 but results are mixed

Preliminary figures released by the International Stainless Steel Forum (ISSF) show that stainless steel crude steel production increased in the first half of 2011 by 3.8% compared to the same period of 2010.

Parties collaborate in precious metals extraction

Global supplier of direct current plasma waste-recovery plants for the treatment of hazardous waste and metals recovery, Tetronics, has formed a partnership with Taiwanese precious metal and rare materials refining company Solar Applied Materials...