Pan American Silver Corp (PAAS: NASDAQ:PAA:TSX) discovered 29.3 million ounces of new Proven and Probable Silver mineral reserves which more than replaced the 24.7 million contained ounces of silver that were mined during 2011.
The Timken company(NYSE: TKR) announced that they will invest $225 million at the Faircrest Steel Plant in Stark County, Ohio, the alloy steel manufacturer which will improve its productivity, and expand its product range and increase capacity to serve growing demand for Timken speciality alloy steel bar.
Markray Corp (RVBR.PK), engaged in extracting precious metals from stockpiles of raw materials, announced that the company recorded 48% percent increase in its gold production in the last quarter.
Rajkumar Dhoot, Member of Parliament and Managing Director of Videocon Industries, took over as the President of TheAssociated Chambers of Commerce and Industry of India (ASSOCHAM).
