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Steelmaker ArcelorMittal Considering to Buy Coking Coal Mines in Siberia
ArcelorMittal, the world’s biggest steelmaker, is considering buying coal mines in Siberia from Evraz Group SA to increase self-sufficiency in the raw material, according to an official from ArcelorMittal’s local unit.
“We studied different mines in Siberia that could allow ArcelorMittal to expand in coking coal,” Ivan Shemyakin, a technical director at ArcelorMittal’s OAO Northern Kuzbass, [...]
Xstrata Convince Anglo American Shareholders To Join
Xstrata Group, the largest mining company, has made an offer to the mining company Anglo American to join. But this offer was rejected by Anglo American, though some observers mining and banking, providing a very profitable reason for the two companies, in terms of financing the company’s operational efficiency.
Read moreCISA Appointed Baosteel as Negotiator Iron Ore Price In 2010
Department of Industry and Information Technology of China and the China Iron and Steel Association give credence to the company’s factory in China Baosteel chief negotiator representing China in the negotiation process of iron ore pricing in 2010.
Read moreSEACOR and Nabors enter into letter of intent for offshore vessel fleet
SEACOR Holdings Inc. and Nabors Industries Ltd. have entered into a letter of intent to form a new company to own and operate a fleet of twenty (20) offshore support vessels currently owned by a Nabors affiliate.
A subsidiary of SEACOR will be the majority owner of the new company, Sea Mar Offshore LLC, and will [...]
Chavez divides Venezuela and world opinion
Few leaders on the world stage have polarized opinion as sharply as Venezuela’s President Hugo Chavez, who won a landslide re-election victory on Sunday.
Devotees see the charismatic leftist as an advocate of the developing world against the overweening might of the United States, praising him for pouring petrodollars into clinics and schools for Venezuela’s long-neglected [...]
