Thyssenkrupp’s green steel plant, worth $3.3 billion, could become more expensive
Thyssenkrupp’s steel division said on Thursday that a direct reduction plant planned to produce carbon-free, steel could cost more than originally thought. The site is expected to cost approximately 3 billion euros ($3.3billion).
ArcelorMittal Invests $47 mln to Overhaul Bosnia Plant, Curb Pollution
ArcelorMittal, the world's largest steelmaker, said on Friday it was investing 75 million Bosnian marka ($47 million) to overhaul a blast furnace at its steel plant in Bosnia to extend its lifespan and improve environmental standards.
Swedish Steel Plant to Run on Hydrogen
Steelmaker SSAB plans to build the world's first fossil fuel-free steel plant powered by hydrogen, backed by utility Vattenfall and miner Luossavaara Kiirunavaara, the Swedish firms said on Thursday. The pilot venture will…
Essar Wins Indian Oil Pipeline Replacement Contract
Essar Projects, a leading Engineering Procurement & Construction (EPC) company, today announced that it has bagged the contract for replacing 141 km of pipeline of 18-inch diametre in the Koyali-Viramgam section of Indian Oil Corporation’s (IOCL) Koyali-Sanganer pipeline.
Italy Energy Watchdog Extends Gas Supply to Ilva
Italy's energy watchdog has extended to Jan. 31 an emergency gas supply scheme that had been due to end on Monday which allows troubled steel producer Ilva to keep its doors open. Oil major Eni said earlier this month the…
Mali Eyes Rail Projects to Unlock Iron Ore, Bauxite Deposits
Landlocked Mali aims to diversify its mining sector away from gold with Chinese-built rail projects worth $9.5 billion that would link it to the Atlantic coast, even as slowing Chinese growth and falling commodity prices cool investment.
Indian Consortium Undecided on Afghan Iron Ore
An Indian consortium led by the Steel Authority of India (SAIL) has yet to decide how much it will commit to an iron ore project in Afghanistan that was originally supposed to be a $10.8 billion investment, SAIL's chairman said on Monday.
India: Greenpeace Endangers Economic Security
India's domestic spy service has accused Greenpeace and other lobby groups of hurting economic progress by campaigning against power projects, mining and genetically modified food, the most serious charge yet against foreign-funded organizations.
Trafigura Seeks Investors for Texas Shale Storage Terminal
Global trader Trafigura AG is seeking potential investors to buy a stake in its oil terminal and storage facility in Corpus Christi, Texas, a once-quiet port that has become a bustling hub for shipping Eagle Ford shale crude.
More Than 3,000 Chinese Evacuated From Vietnam After Violence
More than 3,000 Chinese nationals have been evacuated from Vietnam, state news agency Xinhua said on Sunday, following deadly rioting that stemmed from an outpouring of rage over Chinese oil drilling in a disputed area of the South China Sea.
