Crippling 2-week port strike in Finland ends after mediation A port strike that shut down most of Finland's foreign trade has ended, National Conciliator Esa Lonka said Friday. "It's over," Lonka said. "Dock workers will go back to work as soon as ...
Anglo-Australian mining giant Rio Tinto and China's state-owned Chinalco have signed a non-binding agreement to jointly develop Guinea's massive Simandou iron ore project, Rio said on Friday. Chinalco will pay 1.35 billion US dollars for an initial 47 percent stake in the ...
2 freight trains crash near Pittsburgh; 1 dead, some diesel fuel leaked into creek Two freight trains owned by a U.S. Steel subsidiary crashed near a Pittsburgh-area plant early Tuesday, killing one person and causing cars on one train to derail. The ...
The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen. ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen ...
China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks. "As the world's largest iron ore consumer, the interests ...
Rio Tinto is in talks with China's Chinalco on a massive mining project in Guinea, reports said Tuesday, raising hopes of a rapprochement that could unlock one of the world's biggest iron ore fields. The mining giant is in "advanced" discussions with ...
Anglo-Australian miner Rio Tinto is in talks with China's Chinalco on jointly developing the Simandou iron-ore field in the West African nation of Guinea, the Sydney Morning Herald reported Tuesday. Negotiations on developing the 12 billion US dollar (8.75 billion euro) mine ...
South Korea's largest steelmaker POSCO said it broke ground Monday on a plant in western India that will produce galvanised steel sheets for automobiles and electronic goods. The world's fourth largest steelmaker said it would spend about 240 million dollars to build ...
Australia on Monday urged China stay out of difficult iron ore price negotiations with global mining giants after steel mills lobbied Beijing to intervene. Trade Minister Simon Crean gave assurances Australia would also keep away from the fraught process in which steelmakers ...
China said market forces were behind the failure of what would have been its biggest foreign investment deal, an Australian newspaper said Monday. Chinalco's 19.5 billion US dollar cash injection into Anglo-Australian miner Rio Tinto collapsed last June, with Rio choosing instead ...
