Category «News»

IMG on Coal Review 66 Coal Block

The Inter Ministerial Group (IMG) on coal has reviewed 66 coal blocks so far in its 17 meetings. With respect to the allocations made to the Private Companies, after hearing the allocatees the IMG has recommended de-allocation of 13 coal blocks allocated to 29 companies, deduction of Bank Guarantee in the cases of 14 blocks …

Price pooling of Coal

Ministry of Power (MoP) and Central Electricity Authority (CEA) had mooted a proposal that Coal India Limited (CIL) import coal to fulfill its Fuel Supply Agreement (FSA) obligations towards power stations, for supplies at Gross Calorific Value (GCV) parity price of domestic coal. Supply of such coal would be decided on the basis of the …

Siemens modernizes billet caster at Feralpi Calvisano New machine head improves product quality and extends product portfolio

Acciaierie di Calvisano, belonging to the Feralpi Group of Italy, commissioned Siemens Metals Technologies with the modernization of the billet caster in the Calvisano works in Italy. The aim of the project is to further improve the internal and surface quality of the billets and to be able to cast round (in addition to square) …

Embedded Consumer Electronics Device Revenue to Double in the Next Two Years Reaching $6.4bn in 2014 – Juniper Research

Rapid development cycles in Consumer Electronics drive new embedded & M2M applications Hampshire, UK – 27th November 2012: Leading Hi-Tech analyst house Juniper Research has predicted that revenues from products and services delivered over embedded consumer electronics devices will reach $6.4 billion in 2014, as the sector emerges as a key anchor for the M2M …

Pragmatism, not pushiness—China adopts low-key approach to secure economic interests in the Arctic, says SIPRI

(Stockholm, 27 November 2012) Aware of the suspicions some countries have about its intentions in the Arctic, China is adopting a deliberately low-key public stance that avoids talk about minerals, oil and gas and focuses on climate change and shipping routes. Nevertheless, China is determined not to be sidelined in decisions that it believes will …

TMK ANNOUNCES 3Q 2012 AND 9M 2012 IFRS RESULTS

OAO TMK (“TMK” or “the Company”), one of the world’s leading producers of tubular products for the oil and gas industry, announces today its interim consolidated IFRS financial results for the nine months ending September 30, 2012.   Summary 3Q 2012 and 9M 2012 Results (In millions of $, unless stated otherwise)   3Q 2012 …

Antapaccay dispatches first copper in concentrate production

Brisbane, 27 November 2012 Xstrata Copper’s Antapaccay copper mine in southern Peru commenced production of commercial grade copper in concentrates at the beginning of November and has delivered its first shipment to Matarani Port for delivery to customers worldwide. Plant commissioning activities continue as Antapaccay progressively ramps up to the nameplate processing capacity of 70,000 …

Cancellation of Coal Blocks

The Government has de-allocated 15 coal blocks based on the recommendations of Review Committee which monitors the development of the coal block by the allocatee companies during the last two years i.e. 2010 & 2011 on account of lack of progress in the development of the block. In addition to above 3 blocks have been …