Mechel Signs Debt Restructuring Deal with Sberbank
Russian coal and steel producer Mechel said on Monday it had agreed a debt restructuring deal with the country's biggest bank Sberbank totalling 30 billion roubles ($446 million) and $427 million. The mining company, controlled by businessman Igor Zyuzin…
BHP Billiton: No Short Term Coal Price Rise
Global miner BHP Billiton expects coal prices to stay weak in the near term, but sees the fuel remaining an important part of the world's energy mix for decades, even amid a push to cut carbon emissions, its coal chief said on Friday.
Coal Miner Alpha Natural Files for Bankruptcy Protection
Coal miner Alpha Natural Resources Inc became the latest company to file for Chapter 11 bankruptcy due to a steep fall in coal prices. Walter Energy Inc and Patriot Coal Corp filed for bankruptcy protection earlier this year.
ArcelorMittal Selling Sole Russian Asset
ArcelorMittal, the world's largest steel producer, is selling its sole asset in Russia, a Siberian coal-mining operation, documents from the federal anti-monopoly service (FAS) showed. The steel giant is selling Severny Kuzbass (North Kuzbass)…
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…
ArcelorMittal Looks to Make Up Lost Time
ArcelorMittal SA , the world's largest steel producer, is looking at ways to make up for lost time in the expansion of its Liberia iron ore project after the Ebola outbreak in the region, the company's head of iron ore said on Monday.
Britain Awards Firms Cash to Turn the Power off This Winter
British companies operating at 431 sites in Britain have won contracts under a scheme that will pay them not to use electricity during some hours on week days in November to February, National Grid said on Tuesday. Britain…
New Dawn for Mexican Steel Puts Brazil in the Shade
Mexico is emerging as the preferred choice for investors in Latin American steel making as a landmark energy reform and exposure to a U.S. recovery help outshine regional rival Brazil, where the gloom of recession has taken hold.
Russian Officials at Odds over Mechel Bailout
The head of Russia's state development bank has ruled out taking part in a rescue of ailing miner Mechel, possibly making a rival government-promoted debt-for-equity deal involving creditors a more likely option to save the company.
Guangdong Carbon Scheme Sparks China Green Vs Growth Dispute
China's campaign against pollution and greenhouse gases is hitting early resistance in Guangdong province, where more than 60 manufacturers are holding back from a carbon market launched last year, saying the scheme is unfair and too costly.
Report Predicts Growth for US Onshore Pipelines Industry
Demand for onshore pipelines will increase in the United States, providing a positive outlook for the North American oil and gas industry, according to a new report conducted by Europe’s second largest steel producer, Tata Steel.
Study: Outlook Strong for Offshore Pipe Industry
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel, a supplier of innovative deep-water pipe line solutions. The study, conducted by Europe’s second largest steel producer…
