Company News

Afghanistan Another Target for India’s Raw Material Hunt

by TC Malhotra on May 17, 2012

Style:    Category: Commodities, Company News, Ferrous Metals

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In Part One, we explored India’s interest in Mongolia’s natural resources. Media reports suggest that a consortium of four state-owned Indian companies comprising SAIL, Nalco, Hindustan Copper and Mineral Exploration Corp. has been shortlisted last month to invest in new gold and copper deposits in Afghanistan. Two private players — Monnet Ispat & Energy and [...]

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Steel Authority of India Sets Sights on Mongolia

by TC Malhotra on May 16, 2012

Style:    Category: Commodities, Company News, Ferrous Metals

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Not surprisingly, Indian steelmakers are looking towards mineral-rich Mongolia to get in on the action of the huge mineral wealth in that country. According to an Economic Times report, the state-owned Steel Authority of India Ltd. (SAIL) is considering replicating its successful public-private approach in both Mongolia and Afghanistan. SAIL has signed a Memorandum of Understanding [...]

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Post-Jakarta Crash, Russia’s Sukhoi SuperJet 100 Sales Should Dip

by Stuart Burns on May 15, 2012

Style:    Category: Company News, Product Developments

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Embraer and Bombardier were probably not overly worried by the competition posed by the Sukhoi SuperJet 100 short-haul jet  prior to last week’s crash near Jakarta, Indonesia — but the tragedy will certainly hinder competition in the short to medium term from the jet that Russia had hoped would mark their return to civilian aviation. [...]

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Mining Mogul Plans to Rebuild the RSS Titanic

by Brianna Tonner on May 11, 2012

Style:    Category: Company News, Ferrous Metals, Humor

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It never ceases to amaze me what people do with their extra pocket change. I couldn’t help but laugh at the announcement that a collective group of millionaires is investing in a project to mine on asteroids—including go-getter and film director, James Cameron. While I’m sure they are acting with the best intentions, I’m curious [...]

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JSW Steel Weighs In On India’s 2012 Demand for the Metal

by TC Malhotra on May 8, 2012

Style:    Category: Company News, Ferrous Metals, Supply & Demand

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Continued from Part One.  JSW Steel, the flagship company of the JSW Group, is also among the biggest steel manufacturers in India. JSW Steel is the largest private-sector steel manufacturer in terms of installed capacity. According to a statement issued by the company, JSW Steel Limited reported 26 percent growth in crude steel production in [...]

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India’s SAIL, Tata Steel Forecast Demand Growth of 9% This Year

by TC Malhotra on May 7, 2012

Style:    Category: Company News, Ferrous Metals, Supply & Demand

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Indian steel companies expect that the country’s domestic consumption is likely to grow by at least by 8 to 9 percent in 2012-13, reports Business Line. The government-owned Steel Authority of India Ltd (SAIL) and private sector Tata Steel Limited have expressed similar views regarding domestic steel consumption. The newspaper report quoted SAIL Chairman C.S. [...]

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India’s Sesa Goa to Begin Exploring Liberian Mines Soon

by TC Malhotra on May 2, 2012

Style:    Category: Commodities, Company News, Ferrous Metals

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Sesa Goa, India’s largest private-sector producer and exporter of iron ore, has plans to begin exploration work sometime later this week in the Liberia’s mines for an iron ore project, reports Business Line. According to the report, in August 2011, Sesa had acquired a 51-percent stake in Western Cluster Limited, Liberia (WCL), which has mining [...]

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Two Wheels Beat Four: Piaggio’s Plan for Vespa Sales

by Stuart Burns on May 1, 2012

Style:    Category: Company News, Manufacturing

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Continued from Part One. While Vespa’s modified LX version will sell in India for the knockdown price of Rs 66,000 ($1,270), it will still be pricey compared to domestic rivals who are churning out popular models like the TVS Scoot Streak at just under Rs 40,000, according to the FT. Nevertheless, Piaggio is confident it will [...]

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