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Russia: Metalloinvest to invest 12 billion rubles in Mikhailovsky plant

Russian metals holding Metalloinvest plans to invest more than 12 billion rubles in a second stage of ore concentrate quality improvement at Mikhailovsky GOK mining and processing plant, the company said in a statement. The company invested 1.2 billion rubles in the first stage of improvement, under which Metalloinvest launched fine screening equipment from Derrick…

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China’s iron ore jumps to two-week high

China's iron ore futures jumped 6% on Monday to a two-week high, logging a third straight session of gain, fuelled by robust short-term demand after Beijing vowed to provide more support for the country's economy. China's cabinet, the State Council, on Saturday pledged to beef up investment in infrastructure projects and regional development to support…

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NMDC Restores BHEL Contract for Raw Material Handing System at Nagarnar Steel Plant

Bharat Heavy Electrical Ltd announced that NMDC has revoked the termination of the contract to construct a Raw Material Handling System at NMDC’’s under construction Integrated Steel Plant at Nagarnar in Bastar district of Chhattisgarh, being executed by BHEL-ISG Bengaluru division, has restored the original contract on 27th August 2019. BHEL had received on 15th…

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