Karnataka to re-open eight iron ore mines soon
July 5th, 2012 - 5:44 am ICT by IANS
Bangalore, July 4 (IANS) The Karnataka government will permit re-opening of eight iron mines in Bellary and Chitradurga districts to augment the raw material supply for steel plants in the ... Read more...
Posted in Business |
Man held for duping 4,000 investors
October 3rd, 2011 - 11:16 pm ICT by IANS
New Delhi, Oct 3 (IANS) A 58-year-old man was arrested here for cheating around 4,000 people across India by inducing them to make investments in his company, police said ... Read more...
Posted in Uncategorized |
Arcelor, partner in virtual takeover of iron-ore giant
February 19th, 2011 - 2:34 pm ICT by IANS
By Gurmukh Singh
Toronto, Feb 19 (IANS) With their final offer of buying the remaining common shares expiring Thursday, ArcelorMittal and Nunavut Iron Ore Acquisition have almost acquired total control of Toronto-based ... Read more...
Posted in Business |
Forest clearance for SAIL Chiria iron mines in Jharkhand
February 9th, 2011 - 11:11 pm ICT by IANS
New Delhi, Feb 9 (IANS) The environment ministry Wednesday permitted the diversion of forest land for the Steel Authority of India's Chiria iron ore mines in Jharkhand after imposing 13 conditions.The ... Read more...
Posted in Environment |
ArcelorMittal, partner nearing absolute control of Baffinland
February 8th, 2011 - 1:01 pm ICT by IANS
By Gurmukh Singh
Toronto, Feb 8 (IANS) ArcelorMittal and Nunavut Iron Ore Acquisition Inc., which jointly acquired Canada's iron ore-rich Baffinland Iron Mines Corporation last month, Monday announced further consolidation of their ... Read more...
Posted in Business |
ArcelorMittal, partner buy more Baffinland stock
February 2nd, 2011 - 3:02 pm ICT by IANS
By Gurmukh Singh
Toronto, Feb 2 (IANS) ArcelorMittal and Nunavut Iron Ore Acquisition Inc., which are now the joint owners of Canada's iron ore-rich Baffinland Iron Mines Corporation, Tuesday announced taking up ... Read more...
Posted in Business |
Now ArcelorMittal joins rival in joint bid for Canadian ore co.
January 15th, 2011 - 2:36 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 15 (IANS) In a strange twist to its fierce battle to acquire Toronto-based Baffinland Iron Mines Corporation, ArcelorMittal Friday joined hands with rival Nunavut Iron Ore Acquisition ... Read more...
Posted in Business |
ArcelorMittal again extends bid for Canadian ore company
January 11th, 2011 - 1:31 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 11 (IANS) Global steel giant ArcelorMittal and rival bidder Nunavat Iron Core extended their competing bid deadlines for Toronto-based Baffinland Iron Mines Tuesday.While Nunavut extended its offer ... Read more...
Posted in Business |
ArcelorMittal again gets nod from Canadian company for takeover
January 5th, 2011 - 12:42 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 5 (IANS) Backing ArcelorMittal once again, Toronto-based Baffinland Iron Mines Corporation has asked its shareholders to reject the higher offer by rival Nunavat Iron Ore Acquisition Inc ... Read more...
Posted in Business |
Rival betters ArcelorMittal’s offer for Toronto mining company
January 3rd, 2011 - 2:02 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 3 (IANS) The fight between ArcelorMittal and Nunavut Iron Ore Acquisition Inc. for control of Baffinland Iron Mines Corp is heating up as the latter has now ... Read more...
Posted in Business |
ArcelorMittal hikes bid for Canadian iron ore giant
January 1st, 2011 - 3:40 pm ICT by IANS
By Gurmukh Singh
Toronto, Jan 1 (IANS) Toronto-based Baffinland Iron Mines Corp Friday asked its shareholders to accept ArcelorMittal's higher offer of $1.40 a share or $550.7 million. The world's biggest steel ... Read more...
Posted in Business |
ArcelorMittal sticks to offer deadline as rival raises bid
December 30th, 2010 - 3:38 pm ICT by IANS
By Gurmukh Singh
Toronto, Dec 30 (ANS) Even as ArcelorMittal stuck to its Thursday night deadline of friendly takeover offer of $492 million to Canada's Baffinland Iron Mines Corporation, rival Nunavut Iron ... Read more...
Posted in Business |
ArcelorMittal says it won’t extend Canadian takeover offer
December 23rd, 2010 - 12:37 pm ICT by IANS
By Gurmukh Singh
Toronto, Dec 23 (IANS) ArcelorMittal said Wednesday it is not interested in extending its Dec 29 deadline for friendly takeover of Canadian iron ore company Baffinland Iron Mines after ... Read more...
Posted in Business |
ArcelorMittal bid goes before Canadian regulators
December 22nd, 2010 - 12:37 pm ICT by IANS
By Gurmukh Singh
Toronto, Dec 22 (IANS) Canadian regulators will hear Wednesday a challenge to ArcelorMittal's bid for Canadian mining company Baffinland Iron Mines Corp. for $492 million.The hostile bidder Nunavat Iron ... Read more...
Posted in Business |
ArcelorMittal forced to up bid for Canadian iron-ore giant
December 20th, 2010 - 2:44 pm ICT by IANS
By Gurmukh Singh
Toronto, Dec 20 (IANS) ArcelorMittal's battle to take over Canada's Baffinland Iron Mines took an interesting turn Sunday after it was forced to raise its friendly bid by 14 ... Read more...
Posted in Business |
ArcelorMittal set to buy Canadian iron ore company for $433 million
December 16th, 2010 - 2:01 pm ICT by IANS
By Gurmukh Singh
Toronto, Dec 16 (IANS) Unless a rival bidder emerges possibly from China by Monday, ArcelorMittal is set to take over Canada's Baffinland Iron Mines for $433 million.ArcelorMittal has already ... Read more...
Posted in Business |
One killed in Jharkhand train blast, bus and mine targeted (Lead)
November 20th, 2009 - 1:48 pm ICT by IANS
Ranchi, Nov 19 (IANS) One passenger was killed when a train was blown up while those on a bus miraculously escaped a gun attack and a 20 kg bomb was defused at ... Read more...
Posted in Uncategorized |
Mexican steelmaker to cut 12,000 jobs
December 3rd, 2008 - 3:38 pm ICT by IANS
Mexico City, Dec 3 (IANS) Mexican steel giant Altos Hornos has said it would cut 12,000 jobs as part of "austerity measures" in the wake of the global recession, EFE reported Wednesday.The ... Read more...
Posted in Uncategorized |
Chiria iron ore mines dispute will be solved by October: Paswan
September 25th, 2008 - 12:27 am ICT by IANS
Ranchi, Sep 24 (IANS) Union Steel Minister Ram Vilas Paswan Wednesday said that the dispute over the Chiria iron ore mines in Jharkhand will be solved by October. "The dispute over the ... Read more...
Posted in Business |
Reddy brothers turn Bellary into BJP minefield for Congress
May 15th, 2008 - 5:25 pm ICT by admin
By Fakir Balaji
Bellary, May 15 (IANS) Bellary, India's richest mining town, has turned into a war zone. Mining tycoons Gali Somashekar Reddy of the Bharatiya Janata Party (BJP) and Anil Lad of ... Read more...
Posted in Politics |
China’s Olympic co-host city promises clear skies
February 29th, 2008 - 8:39 pm ICT by admin
Xinhua
Shijiazhuang, Feb 29 (Xinhua) Qinhuangdao, a port city in north China's Hebei Province, is going all out to help ensure blue skies as a co-host of this summer's Olympic Games, the local ... Read more...
Posted in World |
POSCO steel plant survey work begins
February 7th, 2008 - 5:13 pm ICT by admin
Jagatsinghpur (Orissa) Feb 7 (ANI): The much-awaited socio - economic survey began in the proposed 12 billion dollar steel plant planned by South Korean steel maker POSCO in Jagatsinghpur district on Thursday. ... Read more...
Posted in National |
3 South Koreans among 4 Posco officials taken hostage in Orissa
November 14th, 2007 - 2:11 am ICT by admin
Read more...
Posted in National |