ArcelorMittal LU1598757687

Nieuws en info hier plaatsen (deel 4)

1. voda 9 november 2015 16:48

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   Kumba Iron Ore seeks talk with South Africa over mining-right terms
   
   Kumba Iron Ore Ltd. said that it will seek talks with South Africa’s Department of Mineral Resources over conditions that the country attached to granting the Anglo American Plc unit a 21.4 percent right for the continent’s biggest mine for the steelmaking ingredient.
   
   The company said that Kumba, which already holds a 78.6 percent title over the Sishen mine in the Northern Cape province, received consent for the entire claim subject to certain “proposals.”
   
   The partial right was the subject of legal disputes until 2013, when South Africa’s highest court said Kumba was the only party capable of applying for the minority stake.
   
   The company is “currently considering the terms of the consent and the legal and practical implications of the proposed conditions,” Kumba said in its statement. Once the producer has “had an opportunity to engage fully with the Department of Mineral Resources in this regard and to consider the precise meaning and scope of the proposed conditions, shareholders will be updated.”
   
   Ms Nikki Wetzlar, a Kumba spokeswoman, declined to comment when contacted by phone on whether the conditions were additional to the usual terms set by the ministry for the granting of a right. Ayanda Shezi, a spokeswoman for the department, couldn’t immediately comment when contacted by phone.
   
   Source : Bloomberg
   
2. voda 9 november 2015 19:19

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   Arcelor Mittal: Kopen
   
   Geplaatst op vrijdag 6 november 2015 om 10:26
   
   Arcelor Mittal: realiseerde een EBITDA resultaat wat overeenkwam met de (lage) verwachtingen. De schuldpositie kwam uit op $16,8 miljard wat fractioneel beter is dan verwacht. Management stelt (zoals verwacht) de voorspelling voor geheel 2015 wederom naar beneden bij, maar analisten anticipeerden hier al op. Management neemt een aantal maatregelen waaronder het annuleren van het dividend om minimaal $1 miljard te besparen. Lezend naar wat management zegt over 2016 (EBITDA $5,4 – 6,2 miljard) zullen schattingen van analisten fractioneel verlaagd moeten worden, maar dit zou geen noemenswaardige invloed op de koers meer moeten hebben: Kopen.
   
   Bron: email van Beursgenoten
   
   
3. voda 9 november 2015 21:10

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   
   ArcelorMittal's (MT) CEO Lakshmi Mittal on Q3 2015 Results - Earnings Call Transcript
   
   Nov. 8, 2015 5:08 PM ET | About: ArcelorMittal (MT)
   
   Operator
   
   Daniel, you may go ahead.
   Daniel Fairclough - Vice President, Investor Relations
   Thank you. Good afternoon and good morning, everybody. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you very much for joining us today on our conference call to discuss the third quarter 2015 results.
   
   First, I’d like to remind you that this call is being recorded. We’re going to have a brief presentation from Mr. Mittal and Aditya, followed by a Q&A session. The idea is that the whole call should last about one hour. [Operator Instructions]
   
   With that, I will hand over the call to Mr. Mittal.
   Lakshmi Mittal - Chairman and Chief Executive Officer
   Thank you, Daniel. Good day to everyone. [Technical Difficulty] Thank you, Daniel. Good day to everyone and welcome to ArcelorMittal’s third quarter 2015 results call. I’m joined on this call today by Aditya Mittal, Lou Schorsch, Davinder Chugh, and Simon Wandke. Before I start the presentation today, I would like to make a couple of opening remarks.
   
   Firstly, that we have reported $1.4 billion of EBITDA this quarter against a very challenging backdrop. I believe this positively reflects the improvements we have made to our business in recent years. It is fair to say that the operating environment has continued to deteriorate through the third quarter. Very aggressive export and unsustainably low prices have muddied the waters.
   
   Domestic prices in our core markets are falling in response to low price imports and customers are destocking as the way for prices to find a bottom.
   
   So whilst EBITDA this year is falling short of our initial expectations, I’m very encouraged that we remain on track to hit our objectives of positive free cash flow and debt reduction. As we move forward, I do not believe this challenging environment to be sustainable; nevertheless, we are making the necessary changes to the business to further improve our competitiveness. These actions together with some positive market developments are expected to support EBITDA in 2016 and ensure that our deleveraging process continues.
   
   I will begin today’s presentations with a brief overview of our third quarter 2015 results, followed by an update of our recent developments. I will then spend some time on the outlook for our markets, before I turn the call over to Aditya. He will go through the results in greater detail and provide an update on our guidance and targets for 2015.
   
   As usual, I will start with safety, the lost time injury frequency rate in third quarter 2015 was 0.78 times compared with 0.68 times in second quarter 2015, stable as compared to 0.78 times in Q3 2014.
   
   The left hand side, you can see the clear progress we have made in recent years, reflecting our continued focus on this priority. As a company, we remain committed to this journey towards zero harm.
   
   Turning to the financial and operating highlights of third quarter as shown on Slide #4, we have reported EBITDA of $1.4 billion for the third quarter. This is stable relative to the first and second quarters of 2015 despite lower shipments. Our steel performance remained relatively resilient against the backdrop of the seasonally lower volumes in Europe, as well as lower steel prices across all divisions.
   
   Supporting the group results for the third quarter was important in mining EBITDA. Given stable prices, this reflects the further cost out. Mining segment cost improvement has exceeded our targets set at the beginning of 2015; more will be achieved in 2016. Post-tax exceptional charges of $500 million and $200 million non-cash foreign exchange losses explain the headline net loss of $700 million.
   
   The positive, our liquidity position remains strong at $9.6 billion and our net debt of $16.8 billion is $1 billion lower than the 12 month ago level. Moving on to the segment results in a little more detail. Beginning firstly with Mining segment performance on Slide 5.
   
4. [verwijderd] 9 november 2015 23:01

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Bedankt Voda voor de nieuwsberichten, AB.
   
   Het zal nog wel even heen en weer gaan met de koersen.
   
   Groeten vanuit een zonovergoten Mexico Stad.
   
   Ozzy
   
   
5. [verwijderd] 9 november 2015 23:29

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   ArcelorMittal SA clings on
   
   A year ago, ArcelorMittal SA (Amsa) CEO Paul O’Flaherty gave the country’s major steel mill in Vanderbijlpark nine months to go unless something improved radically.
   
   The Vanderbijlpark works are still there and may even survive until the flood of cheap, subsidised Chinese steel dries up – somewhere within the next three to five years.
   
   On Friday, O’Flaherty announced the basic elements of a rescue plan that had seemed impossible a year ago.
   
   The ministers of economic development and trade and industry, Ebrahim Patel and Rob Davies, respectively, have committed to getting a 10% tariff levied on all steel entering South Africa by January.
   
   By March 2016, there will be additional anti-dumping duties, adding between 30% and 60% to the price of major imported steel products.
   
   This is by far the most crucial state intervention to save the local steel industry, but the process for instituting duties like these usually takes up to two years.
   
   These massively expedited trade protections represent a radical about-turn in the long history of animosity between the state and the formerly state-owned steel monopoly related to its alleged practice of import-parity pricing.
   
   On Friday, Amsa announced another key part of its survival plan: an enormous R4.5 billion rights issue that will be completely underwritten by the controlling shareholder, the Luxembourg-based ArcelorMittal group.
   
   Most of this money, R3 billion, will be used to pay debts owed to ArcelorMittal companies and the rest to buoy Amsa. This might increase ArcelorMittal’s shareholding even further if other shareholders baulk at paying the group’s debts to itself, but the full sum is guaranteed.
   
   In another coup, Amsa this week struck a new iron ore deal with Kumba Iron Ore. For the past two years, Amsa has been suffering the consequences of a cost-plus-20% ore contract that has turned out to be possibly the worst deal imaginable.
   
   The cost of ore in terms of this contract has far outstripped the cost of simply importing the stuff, due to a collapse in international iron ore prices. Amsa has paid R450 million more for ore than it would have if it had been importing instead.
   
   As of this week, the two companies announced, Amsa would be paying Kumba export-parity prices.
   
   In another show of support very pointedly denied to Amsa earlier, government will shortly be scrapping the strange exclusion of steel in its local-content rules for infrastructure projects.
   
   While Amsa’s Vereeniging steel works were being shuttered, costing another 223 jobs, unions had agreed to a plan to try to place all of those workers elsewhere, saidO’Flaherty.
   
   Though the state appears to have come to Amsa’s rescue, O’Flaherty is well aware that a debt is being incurred.
   
   “Government is being very supportive and will ensure we compete on a level playing field,” he said.
   
   “But how will we ensure that steel producers do not revert to charging whatever they want when conditions return to normal?
   
   “We have progressed well with discussions about this,” he added. “There has to be a pricing model that forces us to be competitive. We have progressed well with reducing our costs.”
   
   Despite all these interventions, there was only bad news in the quarterly report Amsa released on Friday.
   
   The company’s headline loss this year is expected to be R6 per share – 1 100% worse than a year earlier.
   
   Impairments of R1.5 billion will be notched up due to the closing of the Vereeniging facility and the Thabazimbi iron ore mine.
   www.fin24.com/Companies/Mining/Arcelo...
   
6. voda 10 november 2015 16:30

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   Steel rebar prices fall to lowest levels in UAE
   
   AME Info reported that steel prices declined to their lowest level in the UAE local market. The price per tonne ranges between AED 1,400 and AED 1,600, down by a large margin compared with the real estate boom. In mid-2008 a tonne of steel went for roughly AED 6,200.
   
   Building materials traders and contractors say the steel prices in the local market have never witnessed such a decline. Even after the global financial crisis, prices fell from AED 6,000 to AED 1,800 at most.
   
   Steel prices recorded a decrease of 30 per cent during the last quarter of this year, compared with the same period last year, with prices ranging between AED2,100 and AED2,200 per tonne during 2014.
   
   It is noteworthy that the steel prices fell from AED2,100 per tonne at the beginning of this year to less than AED1,600 currently. Those levels are the lowest levels since 2005.
   
   Source : AME Info
   

   Bijlage:
7. voda 10 november 2015 16:31

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   Metalloinvest doubles bridge construction steel shipments
   
   Metalloinvest strengthened its market position in the bridge construction segment in spite of the challenging economic conditions in Russia. The Company’s customers for rolled steel used in bridge construction include Tyumenstalmost, Voronezhstalmost, and Kurganstalmost.In the first nine months of 2015, Metalloinvest doubled shipments of rolled steel used in bridge construction to 146,000 tonnes.
   
   Source : Strategic Research Institute

   Bijlage:
8. voda 10 november 2015 16:32

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   US steel imports in October surge MoM
   
   Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today steel import permit applications for the month of October total 3,386,000 net tons (NT)*. This was a 15% increase from the 2,936,000 permit tons recorded in September and a 22% increase from the September preliminary imports total of 2,773,000 NT.
   
   Source : Strategic Research Institute
   
9. voda 10 november 2015 16:33

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 02 mei 2024

   • Aanbevelingen

     Ontvangen: 82258

     Gegeven: 20937

   •    Aantal posts: 364.932

   Industry and Unions jointly call for action on steel industry crisis in EU
   
   The European Steel Association (EUROFER) and industriAll European Trade Union today issued a joint call for action by policy makers to ward off further job losses in the sector.
   
   The call comes as ministers meet today for an extraordinary Competitiveness Council, held in reaction to a slew of announcements from industry of job losses and redundancies. Across Europe – with the UK particularly affected, around 5,000 jobs have been lost in the past month alone. There is a real and present threat to the 330,000 workers in the steel sector, a headcount down 85,000 since 2008.
   
   Speaking on the eve of the Council meeting, Bart Samyn, Deputy Secretary General of industriAll said, “Ministers need to understand that job losses are happening now. These layoffs are the direct consequence of the regulatory burden at EU and member state levels, and in particular due to the dumping of Chinese steel on the EU market.”
   
   Axel Eggert, Director General of EUROFER, said, “The EU needs to adapt trade, climate and energy policies, in particular the review of the EU Emission Trading Scheme, to keep our sector competitive. Best performers in carbon leakage sectors like steel must not be penalised by additional direct or indirect carbon costs against extra-EU competitors. Our goal is for policy makers to do whatever it takes to keep this innovative, strategic industry in Europe.”
   
   In the face of Chinese exports, which have exploded to 110 million tonnes this year and doubled over the past two years, the EU needs to do more to speed up the deployment of its trade defence instruments, and to safeguard steel industry jobs.
   
   Importantly, industriAll Europe and EUROFER call on member states to pay particular attention to the fact that granting Market Economy Status to China when it does not meet the technical criteria to be considered a market economy would be devastating for a number of manufacturing sectors in the EU as the possibility to impose anti-dumping measures on cheap Chinese imports would then largely disappear.
   
   Mr Eggert and Samyn concluded, “Once these jobs have disappeared, they are gone forever. We hope that the meeting can help to build a consensus around practical, swiftly implementable policies, including full and proper impact assessment, designed to support innovation, lower energy costs, restrain the regulatory burden and – vitally – to ensure that European steel producers face a level playing field in international trade.”
   
   Source : Strategic Research Institute
10. voda 10 november 2015 16:34

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    Essar Steel Algoma pursues financial restructuring
    
    Essar Steel Algoma Inc announced that it has sought protection under the Companies' Creditors Arrangement Act (CCAA) before the Ontario Superior Court of Justice in order to strengthen its financial health and solidify its long-term business prospects. The Company has initiated a corresponding filing in the United States under Chapter 15 to recognize and give effect to the Canadian filing. The Company fully expects to continue normal operations during its restructuring.
    
    Mr Kalyan Ghosh president and chief executive officer of Essar Steel Algoma said "We have taken aggressive measures that succeeded in curtailing costs and significantly enhancing productivity, ranking Essar Steel Algoma among the top quartile for low cost producers in North America. Despite these efforts we have been forced to take action today to ensure the continued success of our business given the record low steel markets, a barrage of imports, and the untimely and wrongful termination of our long-term iron ore supply contract. I want to assure our customers, vendors and employees that we fully expect this restructuring not to disrupt daily operations.”
    
    Mr Ghosh further added, "This process will provide the company with the time and stability to restructure our finances. We expect that Essar Steel Algoma will emerge stronger and better able to compete as an advanced manufacturer."
    
    Essar Steel Algoma also announced today it has secured a USD $200 million debtor-in-possession financing facility from a syndicate of lenders by Deutsche Bank AG to provide adequate liquidity to operate while it restructures its debt.
    
    The Court has appointed Ernst & Young Inc. to act as Monitor. Evercore Group L.L.C., Weil Gotshal & Manges LLP and Stikeman Elliott LLP represent the company as financial advisor and outside US and Canadian legal counsel, respectively.
    
    Source : Strategic Research Institute
11. voda 10 november 2015 16:36

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    POSCO to Use 3DEXPERIENCE Platform
    
    Dassault Systèmes, the 3DEXPERIENCE company, world leader in 3D design software, 3D digital mock up and product lifecycle management (PLM) solutions, announced that POSCO, one of the world’s largest steel producers, is using Dassault Systèmes’ 3DEXPERIENCE platform for POSCO’s virtual commissioning system and virtual training system to digitize and simulate its manufacturing operations, processes and equipment. This will help POSCO standardize and improve performance at its facilities, reinforce its competitiveness and accelerate its growth in the world’s second largest industry.
    
    Source : Strategic Research Institute
    
12. voda 10 november 2015 16:37

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    JSW Steel production in October declines 2% YoY
    
    JSW Steel announced that its crude steel production fell 2 percent to 1.022 million tonnes in October this year as against 1.046 million tonnes during the same month in 2014. The production of flat-rolled products declined 11 per cent at 0.734 million tonne last month from a year ago whereas that of long-rolled products increased by 34 per cent at 0.206 million tonnes during the same period
    
    JSW said "Crude steel production was lower due to planned shutdown of blast furnace at Dolvi works for capacity enhancement and shutdown of one of the blast furnaces for relining at Vijayanagar works. These furnaces are expected to resume operations by December.”
    
    JSWs crude steel production was lower at 3.25 million tonnes for the July-September quarter of 2015-16 compared with 3.30 million tonnes in the same quarter of 2014-15. Flat-rolled products production fell 2 per cent at 2.57 million tonnes while production of long-rolled products increased by 15 per cent at 0.64 million tonnes in the September quarter of this fiscal.
    
    Source : Strategic Research Institute
13. voda 10 november 2015 16:39

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    EU fails to take action to stop cheap Chinese steel imports
    
    Reuters reported that European Union ministers failed to agree on Monday on urgent measures that steelmakers are demanding to stem a flood of cheap imports from China after the loss of some 5,000 jobs in the sector in Europe in the past three months.
    
    Luxembourg economy minister Etienne Schneider, whose country holds the six-month rotating presidency of the bloc, told a news conference that they agreed on the gravity of the situation and the need to take concrete actions. Luxembourg has called for a conference later this year to consider a response.
    
    British steelworkers union Community said the ministers had failed to grasp the urgency of the situation, with the promise of another conference only delaying action.
    
    Economy and industry ministers had gathered in Brussels at the request of Mr Sajid Javid, business minister for Britain, where the majority of jobs have been lost.
    
    Source : Reuters
    
14. voda 10 november 2015 16:43

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    Siam Commercial Bank suggests ways to counter cheap steel pipe imports from China
    
    The Nation reported that according to Siam Commercial Bank's Economics Intelligence Centre, the global steel oversupply, especially from China's overproduction, has slammed Thailand's steel pipe industry. The rapid hike in imports from China is hurting local producers by cutting prices and taking market share. This has led to a request for antidumping protection.
    
    It said “Local makers will not be able to compete with their Chinese counterparts on price, while AD protection will only provide short-term protection. Welded stainless steel pipe imports would rise even further as traders make speculative purchases before AD measures are implemented. Consumers will not be able to enjoy low prices for steel pipes even with an AD policy.”
    
    It said “In the short term, Thai producers should try to preserve their customer base through service and credibility. In the long term, they need to find a strategy to meet price competition since China will always enjoy economies of scale. They can compete by enhancing efficiency and reducing costs as well as adding more value and diversifying products. They can develop marketing and branding strategies to build brand awareness.”
    
    It added “Last year, steel pipe imports grew 22 per cent, with 66 per cent of that coming from China, while other countries contracted by 8 per cent. China's import share expanded to 55 per cent from 40 per cent in the previous year. Chinese steel pipes this year continued to grow by 16 per cent in number in the first six months. Imports of welded and seamless steel pipe in 2014 increased by 7 per cent and 4 per cent. “
    
    On September 17, Thailand announced an AD investigation in both hot-rolled and cold-rolled stainless steel pipe products coming from China and other countries. Chinese products under the probe grew 177 per cent on year in the first half of this year. Highest growth was seen in welded round steel pipes and rectangular welded steel pipe, usually used in manufacturing, heat exchangers and furniture.
    
    Source : The Nation
    
    
15. voda 10 november 2015 17:03

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    Former Essar Steel Algoma CEO proposing USD 3.77 billion open pit project
    
    Soo Today reported that Sioux Lookout could get a huge economic jumpstart if a proposed USD 3.77 billion open-pit iron mine and mill operation in northwestern Ontario comes to fruition.
    
    While North American steel demand has been sluggish and iron ore prices have reached historic lows, Armando Plastino, CEO of Rockex Mining, insists his company is better able to ride the troughs of the cyclical steel industry with its hot briquetted iron (HBI) operation.
    
    He said that “Every iron ore product is tied to steel pricing. We think HBI will be a lot more insulated and we’ll be able to market it to electric steelmakers. They do better through the cycle than the integrated producers.”
    
    Thunder Bay-based Rockex recently updated its plans for a proposed USD 3.77 billion mine and mill project, centred on its Lake St. Joseph project and the Eagle Island iron deposit, located 100 kilometres northeast of Sioux Lookout.
    
    The company has unveiled a new preliminary economic assessment (PEA) with an updated resource estimate identifying almost 1.3 billion tonnes of indicated ore at a grade of 28.38 per cent, enough for a 30-year mine life.
    
    Other satellite deposits nearby could potentially offer up 400,000 to 500,000 more tonnes.
    
    Algoma Steel (now Essar Steel Algoma) in Sault Ste. Marie, Plastino’s former employer of 39 years, staked all the claims and once had plans to advance it in the early 1960s in partnership with Dofasco.
    
    Plastino, with a three to four-year investment payback of 19.5 to 22.5 per cent, said that “This PEA suggests we have a very financially viable project.”
    
    Source : Soo Today
    
16. voda 10 november 2015 17:05

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    Brazil suspends operations of Samarco over dams burst
    
    Brazilian mining company Samarco has had its mining licence suspended after two dams it used to hold waste water from iron ore collapsed. The collapse caused rivers of red mud to descend on the south-eastern village of Bento Rodrigues on Thursday. Two people died and another 25 are missing presumed dead. The company will only be allowed to operate in the region again once the authorities are satisfied it is meeting the required safety standards.
    
    Minas Gerais state deputy environment secretary Geraldo Abreu said "The company will need to make a number of changes before we allow them to begin mining again. The mining licence was suspended on last Friday but the measure has only now been announced.”
    
    Samarco has also been ordered to pay temporary compensation to the families of the victims. The families of those confirmed dead or missing will be entitled to a monthly minimum wage.
    
    The mine is owned by Vale and BHP Billiton and is operated by Samarco. It is located in Mariana, an 18th Century colonial town popular with tourists. More than 500 people lived in Bento Rodrigues, which lies about 7km (four miles) south of the burst dams. But the floodwaters and mud have reached towns up to 70km away.
    
    Source : BBC
    

    Bijlage:
17. [verwijderd] 10 november 2015 18:51

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    voda schreef op 10 november 2015 17:05:

    Brazil suspends operations of Samarco over dams burst
    
    The company will only be allowed to operate in the region again once the authorities are satisfied it is meeting the required safety standards.
    

    Dat betekend dat er wat geld onder de tafel geschoven dient te worden en de vergunningen zijn weer geldig.
    
    Hier kan men gewoon doorbouwen en werken wanneer de werkzaamheden geschorst worden en sites afgezegeld worden; kwestie van wat geld naar de juiste persoon toeschuiven en voila.
    
    De koers wordt angstvallig boven de vier gehouden.
    
    Success,
    
    Ozzy
    
    
18. voda 10 november 2015 20:07

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    Ozzy, nog bedankt voor je waardering van het nieuws hier. Wordt op prijs gesteld.
    
    Gunstig voor Arcelor?
    
    Auto sector's move to aluminum slower than expected - Novalis
    
    Reuters reported that Novelis Inc, the world's largest rolled aluminum producer, warned on Monday that plans to shift rolling mill capacity to automotive body sheet are progressing slower than anticipated as carmakers prove slow to follow Ford's lead in widespread use of the metal.
    
    Novelis Chief Executive Mr Steve Fisher said the industry is going through a digestion period after Ford Motor Co said it would use an aluminum body in its top-selling F-150 model. Other automobile manufacturers have not followed with similar major commitments for leading models.
    
    He said "While Ford has gone very aluminum-intensive and been very successful with the F-150 more recently, everyone's going to look at their portfolios of vehicles and take their own views on how quickly they need to move to aluminum.”
    
    The US aluminum industry, including producers like Alcoa Inc, are bullish on rising demand from the auto industry as carmakers seek to move away from steel, which is heavier, in order to comply with new emissions standards.
    
    That comes as aluminum beverage can sheet demand, Novelis' largest end-use market, is shrinking as consumers move away from fizzy drinks due to health concerns. Fisher said that market is contracting around 1 percent annually. Downstream fabricators like Novelis have responded by shifting rolling mill capacity away from beverage sheet production and toward auto body sheet production.
    
    Atlanta-based Novelis has said overcapacity in the North American can sheet market would fall as rolled aluminum products makers shift more capacity toward automotive products.
    
    The company previously has said it would consider shifting capacity at its Logan, Kentucky mill, which supplies more than one-third of the total U.S. can sheet market, toward supplying the auto industry.
    
    Source : Reuters
    
19. Yabbedabbedoe 11 november 2015 10:23

    auteur info

    • Yabbedabbedoe

      Lid sinds: 06 jan 2012

      Laatste bezoek: 30 apr 2024

    • Aanbevelingen

      Ontvangen: 9

      Gegeven: 138

    •    Aantal posts: 139

    quote:

    voda schreef op 10 november 2015 16:39:

    EU fails to take action to stop cheap Chinese steel imports
    
    Reuters reported that European Union ministers failed to agree on Monday on urgent measures that steelmakers are demanding to stem a flood of cheap imports from China after the loss of some 5,000 jobs in the sector in Europe in the past three months.
    
    Luxembourg economy minister Etienne Schneider, whose country holds the six-month rotating presidency of the bloc, told a news conference that they agreed on the gravity of the situation and the need to take concrete actions. Luxembourg has called for a conference later this year to consider a response.
    
    British steelworkers union Community said the ministers had failed to grasp the urgency of the situation, with the promise of another conference only delaying action.
    
    Economy and industry ministers had gathered in Brussels at the request of Mr Sajid Javid, business minister for Britain, where the majority of jobs have been lost.
    
    Source : Reuters
    
    

    Blijkt maar weer dat polititie niet capable zijn en worden afgekocht. De Chinese overhead zal wel een hele sterke lobby 'omkopers' hebben bij de European Union Ministers. het is een schandaal dat die mensen er altijd mee wegkomen en een puinhoop achterlaten.
20. voda 12 november 2015 16:23

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 02 mei 2024

    • Aanbevelingen

      Ontvangen: 82258

      Gegeven: 20937

    •    Aantal posts: 364.932

    Salzgitter verbetert resultaat
    
    Gepubliceerd op 12 nov 2015 om 11:58 | Views: 1.648
    
    SALZGITTER (AFN) - Het Duitse staal- en industrieconcern Salzgitter heeft in de eerste negen maanden van dit jaar zijn winst voor belastingen duidelijk verbeterd, geholpen door het herstructureringsprogramma bij de tweede staalproducent van Duitsland.
    
    De winst voor belastingen bedroeg 24 miljoen euro, tegen 5,5 miljoen euro een jaar eerder. De omzet ging licht omlaag naar 6,7 miljard euro. De omzet stond onder druk door de grote import van staal uit China en de felle concurrentie op de staalmarkt.
    
    Vanwege de slechte staalmarkt stelde Salzgitter vorige week zijn winstprognose voor het gehele jaar naar beneden bij. De verwachting komt nu weer overeen met de voorspelling die begin dit jaar werd uitgesproken.