Industrial profits across China rose 32 per cent in the first three months of 2011 from a year ago to 1.06 trillion yuan ($162 billion), the National Bureau of Statistics said on Wednesday.
US Steel Corp posted a third consecutive quarterly loss on Tuesday, but higher steel prices and shipments helped it trim the red ink from the previous year.
A cable manufacturing plant of Middle East Specialized Cables (MESC) was inaugurated at the Al Ghail Industrial Park in Ras Al Khaimah, WAM has reported.
Rio Tinto Group signed an agreement with the government of Guinea to secure its mining rights in the country, opening the way for the first shipments of iron ore by mid-2015, Rio said today in a state
Latin American precious metal producer Hochschild Mining said production had been halted at its core San Jose mine in Argentina because of industrial action by workers.
Japan steel maker Sumitomo Metal Industries Ltd restarted all facilities at the Kashima plant today after last month’s earthquake and tsunami damaged its largest factory.
JX Nippon Oil and Energy Corp, Japan's top refiner, said on Monday that it expects to resume refining operations at its quake-hit Kashima refinery by the end of June.
Taiwan’s industrial production increased 13.82 per cent in March from a year earlier, the Ministry of Economic Affairs said in Taipei today.
ArcelorMittal said a wholly owned unit extended the conversion date of a $750 million convertible bond issued on December 28, 2009. The company commented in a statement today.
Reliance Industries Ltd, owner of the world’s largest refining complex, sold 55,000 metric tonnes of naphtha each to Itochu Corp and Koch Industries Inc for loading from its Jamnagar facility in wes
