Category «News»

R3.9bn Sale of ArcelorMittal’s 50% Interest in Kalagadi Manganese to Mrs Daphne Mashile-Nkosi or her nominee

Luxembourg, 15 November 2012 – JOINT ANNOUNCEMENT BETWEEN ARCELORMITTAL AND MRS DAPHNE MASHILE-NKOSI IN RESPECT OF THE AGREED SALE AND PURCHASE OF ARCELORMITTAL’S 50% STAKE IN KALAGADI MANGANESE (PTY) LIMITED (“KALAGADI MANGANESE”) ArcelorMittal and Mrs Daphne Mashile-Nkosi are pleased to announce that a definitive agreement has been reached whereby Mrs Mashile-Nkosi, or her nominee (which may be a consortium …

Q3 2012: Technical Consumer Goods market remains positive Results of the GfK TEMAX® Germany for the third quarter of 2012

Nuremberg, November 15th 2012 – The German Technical Consumer Goods (TCG) market closed the third quarter of 2012 with a sales volume of €12.2 billion. Sales growth generated from June to September amounted to 1.2 percent. This is the result of GfK TEMAX® Germany for the third quarter of 2012. Nearly all markets observed in …

Help those who are helping the helpless!

Dear Readers, Wishing you and the Family a very Happy Diwali and a prosperous year ahead. Since last 6 years, we are working on rural women and youth empowerment programs in the villages.Our next such project – Craft Ashram at BELDA, near Kharagpur (a training cum resource centre for the artisans) has been selected by …

Chinese steel producer Bayi Iron & Steel to use Corex plants to expand production

Bayi Iron & Steel Co., Ltd., a steelmaker belonging to the Chinese Baosteel Group, plans to more than double its current steel production capacity of seven million tons per annum in the northwestern province of Xinjiang by 2015. Hot metal production is to be increased on the basis of the Corex process, which proved its …

Teligistics Surpasses $7 Billion in Sourced Telecom Contracts

Houston, TX, November 14, 2012 – Teligistics announced it has surpassed the $7 billion mark in total contract value procured on behalf of client companies since its founding in 1997. Referring to this significant milestone, Dave Roberts, CEO and founder of Teligistics, says “We are undoubtedly the leading source for large enterprise procurement of complex …

Global Shapers Launch Dubai Hub with Pledge for Positive Action

A World Economic Forum initiative, the Global Shapers community is a worldwide network of more than 190 city-based hubs led by young leaders working on grassroots initiatives in their communities. Launched at the Summit on Global Agenda, the Dubai Hub will focus on education and will be led by Yasar Jarrar, Partner at Bain & …

New Report: Hispanic Institute Calls for Digital Tax Fairness

WASHINGTON (November 14) — A new report — “Taxes and Fees: Barriers to Hispanic Connectivity” — released today by The Hispanic Institute calls for Congress to pass bi-partisan legislation that would require uniform tax rules for online purchases of digital goods and wireless phone services. The report supports passage of the Digital Goods and Services …

DMCC lauds Zimbabwe Diamond Conference organizers, supports WDC president’s efforts to lift sanctions on Zim diamonds

Victoria Falls, Zimbabwe — November 14, 2012: Following the conclusion of a successful Zimbabwe Diamond Conference 2012, Ahmed Bin Sulayim, Executive Chairman of the Dubai Multi Commodities Centre (DMCC), expressed his gratitude and admiration to the conference organizers for a meaningful and significant event that yielded tangible results. “We congratulate the Zimbabwean Ministry of Mines …

Austerity strike action hits European ports – Inchcape Shipping Services summary report

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is advising of the following strike action today across a number of European ports according to local office reports. Portugal Strikes are being held by the Union CGTP, but not officially by UGT. Lisbon: Stevedores are on strike. Container terminals and depots have stopped. Authorities …

IMF Managing Director Christine Lagarde Calls for Greater Regional Economic Cooperation in Asia

Christine Lagarde, Managing Director of the International Monetary Fund, highlighted today the increasing leadership role that Asia plays in the global economy—and in the IMF. “During the dark days of the global financial crisis, it was Asia that kept the flame alive, accounting for about two-thirds of global growth, she said in a speech on …