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Metals

Egyptian Steel plans two new factories by mid-2016

steel-wagaboodlemum-flickrEgyptian Steel is planning to open two new factories by mid-2016, and raise its capacity to 3.5mn tonnes per year, states chairman Ahmed Abou Hashima

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Work on Algeria’s steel complex to begin in 2015

steelrebar-chrismcsorley-flickrConstruction of Algeria’s Bellara Steel Complex is expected to begin in Q1 2015, as the project is aimed at meeting the country’s immediate iron and steel requirements

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Hyundai International to source scrap metal from UAE’s Atlantis Global Enterprises

scrapmetal-ChuckTinsley-flickrSouth Korea’s Hyundai International has signed an MoU with UAE’s Atlantis Global Enterprises to source precious metals, scrap metal and iron ore

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South African mining company opens office in Oman

mineralmining-SLMPics-flickrSouth African mining infrastructure company DRA has opened an office in Oman, shortly after the sultanate established a Public Authority for Mining to regulate the sector

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South Korean firm wins US$400mn contract to build steel plant in Oman

steelrebar-chrismcsorley-flickrSouth Korean firm Posco Engineering and Contracting (Posco E&C) has been awarded a US$400mn contract to develop a steel mill in Sur, Oman

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