Villagers confront the country’s biggest minerals project
Last week we reported on the resistance by hundreds of villagers, seeking to prevent seizure of their land and betel nut groves in Orissa. They are literally lying …
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Resisting India’s Great Iron Ore Heist
India: Police poise to forcibly evict villagers for POSCO’s project
Late last week, thousands of villagers lay down (literally) on land coveted by POSCO for India’s biggest planned industrial project in Orissa, in an attempt to prevent hundreds of armed police from evicting them. As …
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Bound to Iron: China’s next five years
China’s dependency on iron ore is going to grow – that much is sure. Steel output is the rock on which its rapid industrialisation project is based.
But from where, and at what price, will …
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Sesa Goa plans Rs 30,000 cr foray into steel
Vedanta Group firm Sesa Goa is planning an investment of over Rs 30,000 crore (300 billion Rupees, around 4.2 billion pounds sterling) in the steel space in Orissa and Jharkhand and may rope in a …
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Severstal may go nuclear with Berkeley bid
Russian companies and Russian entrepreneurs continue to increase their presence among mining companies listed on the London Stock Exchange.
Now Severstal, the largest steelmaker in Russia, has made a bid approach for its first uranium …
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Rio Tinto approves $1.6 bln for new iron ore mine
Rio Tinto on Monday signalled it was pushing ahead with its expansion plans in iron ore while it awaits competition authority clearance to form a partnership with rival BHP Billiton in Australia. The world no. …
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Thailand’s SSI Proposes to Buy Tata’s Teesside Unit for About $500 Million
As Tata finally reneges on its earlier undertaking to guarantee jobs for workers at the Corus steel plant in the northern UK, a Thai company steps in to bale the operations out.
See http://www.bloomberg.com/news/2010-08-27/thailand-s-ssi-proposes-to-buy-tata-s-teesside-unit-for-about-500-million.html.…
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