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India's Tata Steel to spend $1.2 billion annually to create 1-2 million mt new capacity each year
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India's Tata Steel Limited will invest an estimated $1.2 billion every year to increase its steelmaking capacity by 1-2 million mt per year to maintain its market share |
Australia's Strike Resources to divest Paulsens East iron ore mine, advance iron ore project in Peru
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Strike Resources plans to use a part of proceeds of the sale to fully repay its US$7.2 million loan owed to Australia-based Good Importing International |
Administrators suspend Savannah nickel operations
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The administrators of Panoramic Resources has announced the suspension of operations at the Savannah nickel project, in Western Australia. |
Simandou build expected to start in 2024 after almost 30 years of setbacks
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Rio Tinto expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year following almost three decades of setbacks and scandals. |
Ferrosilicon Futures close at 6712 on January 8, down 0.44%
The total trading volume of 2403 contract on the exchange was 120759 lots, with a turnover of about 4078.4104 million yuan. |
Canada's Algoma Steel Foresees a Drop in Steel Shipments
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Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24. |
Steelmaker ArcelorMittal denies bid for power supplier
European steelmaker ArcelorMittal has not bought Polish power producer Tauron Polska Energia's stake in the two firms' joint venture, Tameh Holding, despite claims by the latter, ArcelorMittal told Argus. |
China steel demand sectors facing different outlooks
China's infrastructure sector investment likely grew by 6-9pc in 2023, Chinese securities analysts have forecast. |
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