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 Nov 21, 2009  
 
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Boom in construction to raise demand for metals
Global construction market is set to surge to $12.7 trillion by 2020 as against prevailing $7.5 trillion today. This growth will be led by infrastructure investments in emerging markets of China and I....
 
World's largest carbon monoxide unit set up
The carbon monoxide unit designed and built by the Engineering and Construction teams of Air Liquide, will have a production capacity of 335,000 tonnes per year. The production of carbon monoxide call....
 
Turkmenistan completes gas pipeline to Iran
Central Asian republic, Turkmenistan said Wednesday it has completed the construction of a gas pipeline to Iran that will help ease its dependence on Russia-owned export routes.....
 
Dubai Aluminium celebrates 30th anniversary
Abdulla J M Kalban (President & CEO) reports that the company’s roots stem back to May 22, 1975, when the late Sheikh Rashid bin Saeed Al Maktoum (then Ruler of Dubai) signed a decree establ....
 
India’s SAIL to cut steel prices
Flat steel products are largely used by automobile and consumer durable sectors. According to reports, a small correction of Rs 400-500 per tonne may happen in the flat steel products category. Howeve....
 
Vedanta to invest more to dig aluminium, zinc in India
Following the end of recession, the company has decided to begin construction of its power project in Punjab, which was on hold after the financial downturn. The first of its major projects completed ....
 
UAE imports cast iron worth $6.77 bln last year
Amidst a construction boom, the United Arab Emirates (UAE) imported cast iron rods worth $6.77 billion in 2008, a 237 percent increase over last year.....
 
30% rise in sales for Indian steel firms in Oct
Demand for steel is coming mainly from auto, rural construction and infrastructure sectors. The demand for construction grade steel, which slumped in August due to the monsoon, picked up again during ....
 
Investing in housing related sector? Wise decision
Barring an outright depression, housing construction must go up over the long run to meet basic demand from new families and to replace old ones. And the timber demand will rebound right along with it....
 
WER gets 3 hydro-electric projects in Guatemala
World Energy Research has secured construction contracts and purchase power agreements for three new hydro electric projects in Guatemala. The impoverished nation has rich sources of renewable and non....
 
Banro Corp reports progress at Twangiza Gold site

Banro Corporation has reported progress in all aspects of planning and preparation for the construction of Phase I of the Twangiza Gold Project in Democratic Republic of Congo. It has also reported....

 
Steel prices fall in India, Vietnam
India and Vietnam reported a slide in steel prices in the past few weeks. Vietnam’s domestic steel makers recently have raced to lower the steel prices although the peak construction season star....
 
Ritchie Bros sells $330m equipment
Ritchie Bros will conduct one more auction at its Edmonton auction site before the end of 2009. Local, national and international buyers purchased more than 4,540 lots during last week’s un....
 
Valin Steel to start seamless steel production
One of China’s top ranked steel makers, Valin Steel on Monday said its subsidiary, Hengyang Valin MPM Co plans to invest $246.1 million in a seamless steel pipe project, with construction period....
 
Gayatri Projects buoyed by infra push
Buoyed by the increased infrastructure activity, Hyderabad-based construction company, Gayatri Projects Ltd (BOM: 532767) posted over 30% rise in the half yearly turnover.....
 
Daiwa Can hunts site for aluminium plant
The Japanese company is considering several Russian regions for the construction of an aluminium packaging plant. The Sverdlovsk Oblast authorities have suggested the use of the JSC Ural Foil site. Th....
 
Gazprom to invest in Serbia gas project
Russian gas giant Gazprom said Wednesday it will invest over 25 million euros in the construction of the Banatski Dvor underground gas storage in Serbia.....
 
POSCO opens Vietnam steel mill
The 26-month construction of the plant with an annual production capacity of 1.2 million tonnes cost a total of $528 million. It is the largest-ever foreign investment in Vietnam. It will produce 700,....
 
Tri-nation black sea crude pipeline deal signed
In a significant development on Monday, Russia, Italy and Turkey signed an agreement for the construction of a pipeline that will carry crude oil from the Black Sea to Turkey's Mediterranean port of C....
 
Eco friendly geothermal for electricity mining
To develop it successfully, you need to move it through early stage exploration, advanced exploration, feasibility, permitting, financing, construction, and then operation. You deal in the same geolog....
 
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