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Congress questions SBI's for USD 1 billion loan to Adani - SteelGuru


Congress questions SBI's for USD 1 billion loan to Adani
SteelGuru
Times of India reported that the Congress has asked if the State Bank of India had done the due diligence before extending the massive loan to the Adani group for development of coal mine in Australia, questioning Prime Mr Minister Narendra Modi's ...

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Mr Asif says Thar coal will be country's main energy producer - SteelGuru


Mr Asif says Thar coal will be country's main energy producer
SteelGuru
Mr Khawaja Asif, Federal Minister for Water and Power, said that the government was committed to utilising all resources for power generation, adding that abundant coal reserves remain largely unexploited and the government was now focussing on tapping ...

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BMS decision not to join coal strike a positive sign by CIL employee - SteelGuru


BMS decision not to join coal strike a positive sign by CIL employee
SteelGuru
The Statesman reported tha the Bharatiya Mazdoor Sangh (BMS)'s decision not to join the proposed one-day strike by CIL employee unions on 24th November is a positive sign for the Mr Narendra Modi government which has decided to go ahead with a ...

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Mr Zyokov says Ukraine's coal reserves 'unprecedented' low, not enough for ... - SteelGuru


Mr Zyokov says Ukraine's coal reserves 'unprecedented' low, not enough for ...
SteelGuru
Mr Yury Zyukov, Ukraine's Deputy Energy Minister, said that two out of ten coal-fired power plants in Ukraine only have enough stock for a few days, as the key coal mines supplying the plants are located in Donbass where Kiev and self-defense forces ...

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Pencil Ingot price levels make faint rally across India - SteelGuru


Pencil Ingot price levels make faint rally across India
SteelGuru
For a change there was some cheer for in pencil ingot market with price rallying most locations. However sense of relief was marked with caution as price declined at some prominent locations, Ahmedabad, Ghaziabad and Hyderabad. Rally in prices which ...

JSW Steel on track to achieve sales target of 12.4 million tonne - SteelGuru


JSW Steel on track to achieve sales target of 12.4 million tonne
SteelGuru
Below is the verbatim transcript of Seshagiri Rao's interview with Ms Reema Tendulkar & Ms Nigel D'Souza on CNBC-TV18. Ms Nigel - There is lot of talk with regard to various restrictions that are going to be put on imports to protect our steel industry.

Modun Resources to divulge material details on Nuurst coal deposit in Mongolia - SteelGuru


Modun Resources to divulge material details on Nuurst coal deposit in Mongolia
SteelGuru
Modun Resources has been granted a trading halt by the Australian Stock Exchange pending a material announcement regarding the Nuurst Coal Deposit in central Mongolia. Modun's shares are currently in pre-open. During the September quarter 2014 the ...

AAP questions MoU between Adani group and SBI - SteelGuru


AAP questions MoU between Adani group and SBI
SteelGuru
Training its guns on the Adani group, the Aam Aadmi Party today demanded immediate intervention of banking sector regulator to scrutinise the MoU signed between ther Adani Group and the State Bank of India. The party said that the RBI should step in ...

Latin America finished steel imports from China grow - SteelGuru


Latin America finished steel imports from China grow
SteelGuru
In January to September 2014, China shipped 6 million tonnes of finished steel to Latin America, 54% more than the 3,9 tonnes registered during the same period of 2013. Highlights 1. Between January to September 2014, China exported a total of 58 ...

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Iron ore price slide continues with momentum in China - Party over for miners - SteelGuru


Iron ore price slide continues with momentum in China - Party over for miners
SteelGuru
There was more evidence of weakness in China's economy on Thursday as growth in its factory activity stalled in November, with output shrinking for the first time in six months, a private survey showed. Mills are unlikely to indulge in restocking ...

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