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International Iron Metallics Association
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A Unified Voice For The Ore-Based Metallics Industry.
A Unified Voice For The Ore-Based Metallics Industry.

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The Australian mining industry is currently facing a series of job cuts driven by the fading mining boom, a slowing demand from China, weak prices of coal and extensive use of shale gas.

Read more: http://www.mining-technology.com/news/newsaustralian-mining-industry-faces-large-scale-job-cuts-4280206 

#mining   #jobCuts   #shaleGas  

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The Obama administration has released strong new rules targeting coal-burning power plants in an effort to curb global warming.

The Environmental Protection Agency's (EPA) Clean Power Plan seeks to cut carbon emissions by 30% by 2030.

US States have until 2017 to comply with the new rules.

Read more: #coal   #powerPlants   #globalwarming   #EPA  

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Shanghai-based Baosteel is the biggest steel company in China. But that does not insulate it from the industry's problems. Baosteel faces the dual pressure of rising raw material costs and slowing demand from downstream clients. What's also looming over the company is the threat of industry overcapacity; according to some projections, it could be as much as 300 million tons annually. 

Baosteel Chairman Xu Le Jiang is aware of the issues. The 54-year-old Xu has spent nearly two decades at the public sector company. He knows the solution, too. The way out, he tells China Knowledge@Wharton in this interview, is to go beyond being an ordinary manufacturer and integrate in every possible way with customers.

#baosteel   #overCapacity   #rawMaterialCosts   #XuLeJiang

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Mitsubishi purchases majority stake in Siemens VAI - Mitsubishi Heavy Industries (MHI) has taken a majority stake in the Siemens metal technologies subsidiary VAI, based in Linz in Austria, Austrian public broadcaster ORF reported.

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Manufactured metal transformed into the breathtaking incredible – these giant horses heads gracing the Scottish skyline are a majestic example of Tata Steel’s creative solutions with over 3,000m of steel tubes at their core. #tatasteel   #SteelTube   #manufacturing  

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