Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations.
ITALY Mining News
ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy.
ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe.
Italy's new government has postponed its handover of the heavily polluting Ilva steel plant to ArcelorMittal by two and a half months to Sept.
The Italian election could affect the gold market via two channels.
A study of Roman coins has shown how the defeat of Hannibal and the Carthaginian empire led to coinage spreading across the Roman Empire from silver mines in Spain.
In 1517, Michelangelo climbed Mount Altissimo in Tuscany and found the marble of his dreams.
The industry body said that instead of fighting fossil fuels, industrialized nations should try to make them cleaner.
U.S., Canada, Germany, France, the UK, Japan, and Italy agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century.
Four of them were sold before the typo was noticed. They are likely to fetch rocket figures if ever sold.
The strategy would be a more remedial answer for countries facing financial challenges than outright gold reserve sales, says the organization.
Archaeologists have discovered the presence of iron oxides in medicinal treatments retrieved from an ancient Roman shipwreck located off the coast of Tuscany
Gold confiscation is more widespread than remembered
The ongoing battle over renewable energy between China and the European Union got a lot worse Monday, after Beijing filed a complaint to the World Trade Organization charging the EU with violating rules governing subsidies to its solar-components industry.
Custom seizures of gold are up 50% with one of the latest cases a father and daughter arrested trying to squirrel out 50kg of the metal in unmarked ingots.
49-year old Sardinian miner Stefano Meletti slashed his wrists in front of television cameras on Wednesday to protest the planned closure of Italy's last coal pit.
The World Diamond Council (WDC) today announced that its eighth Annual Meeting will take place in Vicenza, Italy from May 13-14, 2012. The event is being hosted by Fiera di Vicenza, one of Italy's leading trade fair operators.
Gold for December delivery only briefly broke the psychologically important $1,800/oz level on Wednesday and in after hours trade pulled back sharply to trade at $1,770.50. Gold failed to take advantage of its traditional role as a hedge against inflation and a safe haven in troubled economic times, despite European Union finance ministers failing to make progress on ways to shore up the zone's sagging banks and Italy's deepening credit crisis. Bullion's failure to build on a three-day rally also comes after data out this week showed a quickening in demand from China's consumers who bought a record 56.9 tonnes in September, a sixfold increase year-on-year.
During the conference held recently by SteelOrbis in Rezzato, Mr Giuseppe Pasini chairman of Italian steelmakers association Federacciai illustrated the structural problems that characterize the Italian steel industry, starting from the condition of...
Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. Three-month copper on the London Metal Exchange traded at $9, 581 a tonne in official rings , down from the $9,661 close on Friday.
The London Metal Exchange has approved Ravenna as the latest point of good delivery for non domestic LME Steel Billet, with effect from September 16th 2011. The addition of the Italian port will enhance the contract’s warehousing network in Europe, encouraging the steel industry to further utilise the contract. LME Steel Billet is now listed in 12 locations in seven countries.
Energia Minerals Limited (ASX: EMX) notes that a referendum was held in Italy on the 12th and 13th of June 2011 to decide whether to remove laws passed last year to restart a domestic nuclear energy program in the country. The result of the referendum was that Italian citizens have voted to remove the laws and, accordingly, remove the framework to potentially develop nuclear energy production facilities in Italian territory.
As relief courses through the Eurozone government bond markets at the success of Portugal’s, Spain’s and Italy’s government bond auction, the sharp edge of the crisis appears to go away, for now at least.
The relentless upward movement in EU prices continues. Customers are obliged to accept the new higher third quarter values demanded by local producers. Prices of imported strip into Europe are still increasing this month, although […]
US transaction prices continue to shoot up as the substantial hikes, planned by the mills for June deliveries, are implemented. Further sharp increases have been announced by a number of producers for third quarter business. […]