Mittal pullout: Jharkhand says it has no informationOctober 5th, 2009 RANCHI - A day after a noted British paper said steel giant ArcelorMittal was close to pulling out of its proposed steel projects in Jharkhand and Orissa, the Jharkhand government Monday said it had not received any communication from the steel maker in this regard. "We have no information that ArcelorMittal is planning to wind up its greenfield steel project in the state," Jharkhand Industries Secretary N.N.
Uttam Galva makes open offer on ArcelorMittal's behalfSeptember 9th, 2009 MUMBAI - Indian steel producer Uttam Galva Wednesday made an open public offer to acquire 29.4 percent of its shares on behalf of global steel giant ArcelorMittal at Rs.120 per share amounting to Rs.422.71 crore ($87.26 million). Earlier this month, ArcelorMittal had inked a deal with Uttam Galva to become co-promoters of Uttam Galva and picked up a 5.6 percent stake.
Australian iron ore mines worry Goa exportersSeptember 1st, 2009 PANAJI - Iron ore exporters in Goa say Australia's Yandi mines have emerged as a tough competition. According to Goa Mineral Ore Exporters Association (GMOEA) executive director S.
Malay Mukherjee steps down from ArcelorMittal boardSeptember 1st, 2009 LONDON - Malay Mukherjee, a leading expert in steelmaking, has stepped down from the board of directors of ArcelorMittal, the company announced Tuesday. Mukherjee, a former executive at the public sector Steel Authority of India Limited (SAIL), quit to pursue other interests, the company said.
ArcelorMittal posts loss of $800 mn in second quarterJuly 29th, 2009 LONDON - Global steel giant ArcelorMittal, founded by Indian born L.N. Mittal, Wednesday reported a net loss of $800 million for the second quarter of this year but hoped for a much better performance in the ensuing months.
ArcelorMittal faces labour trouble in CanadaJuly 13th, 2009 TORONTO - Labour trouble is brewing at ArcelorMittal Dofasco, the Canadian subsidiary of the global steel giant, with its slag-recycling workers on the warpath over contract terms. The steelworkers at the company's plant at Hamilton near Toronto are employed by MultiServ, a Pennsylvania-based US company, which has a slag-recycling contract with ArcelorMittal Dofasco.
Russian regional governor said ArcelorMittal could lose coal minesJuly 10th, 2009 Governor says ArcelorMittal could lose minesMOSCOW — ArcelorMittal, the world's largest steelmaker, could lose ownership of two West Siberian coal mines if it fails to bolster production, a Russian regional governor warned. Aman Tuleyev, who heads the Kemerovo region where the two mines are located, made the warning to ArcelorMittal chief executive Lakshmi Mittal in a letter posted on the government Web site Thursday.
EU approves acquisition of Dutch company by ArcelorMittalJuly 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.
EU approves acquisition of Dutch company by ArcelorMittalJuly 8th, 2009 BRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg.
Kazakhstan resolves issues with Lakshmi Mittal, ONGC VideshJuly 5th, 2009 ASTANA - Kazakhstan has resolved its issues with steel magnate Lakshmi N. Mittal and with India's largest oil explorer ONGC Videsh and the "situation is coming to a successful end", a top diplomat has said, adding that the country supported India's aspirations for a greater role in an expanded UN Security Council.
ArcelorMittal laying off nearly 1,000 at US plantMay 14th, 2009 WASHINGTON - Citing an 'extraordinary economic environment,' ArcelorMittal, the world's largest steel maker, has announced plans to indefinitely lay off 978 workers at its Indiana Harbour West mill plant in July. Although the mill's iron-producing operations will also be suspended indefinitely, another blast furnace at the East Chicago mill in northwestern Indiana will remain in operation, the Luxembourg-based company owned by Indian steel czar Lakshmi Mittal said Wednesday.
ArcelorMittal plans to cut nearly 1,000 jobs at northwestern Indiana steel millMay 13th, 2009 ArcelorMittal laying off nearly 1,000 at Ind. millEAST CHICAGO, Ind.
Protest against Jindal Steel, Hindalco projects in JharkhandMarch 3rd, 2009 RANCHI - Hundreds of farmers staged a protest here Monday against the acquisition of land for projects envisaged by aluminium major Hindalco, and steel manufacturer Jindal Steel and Power. 'We will lay down our lives but will not give an inch of land to Jindal Steel and Hindalco,' the protesters shouted as they marched to the governor's residence to lodge their protest.
15 killed in Russian apartment fireFebruary 14th, 2009 Rostov-on-DON - At least 15 people have died in an apartment fire in southern Russia, regional emergency officials said Sunday. The fire that broke out Saturday in a three-storey wooden residential building in Molodezhny village in Astrakhan region forced the authorities to evacuate all tenants from the building.
ArcelorMittal to get government land for steel projectFebruary 12th, 2009 RANCHI - Steel major ArcelorMittal will be given government land to set up its proposed Rs.400-billion (Rs.40,000-crore) steel project in Jharkhand, state Industries Director Rahul Sharma said Friday. 'We have asked ArcelorMittal representatives to deposit Rs.12.5 crore (Rs.125 million) to Gumla district to get 1,000 acres of government land.
Loading ...