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1.Greased for Growth

t's an upward slide, to be sure. The world demand for lubricants, driven primarily by strong economic growth, is set to rise by over 2 per cent annually to 41 million metric tonne by 2015.

2.Distributing Support

GMMCO's recent appointment as authorised distributor of Terex Finlay's product line is a promising step for the company.

3.Servicing the Industry

Sany Heavy Industry was ranked 431st among the global top 500 companies by Financial Times in July 2011, with a market value of USD 21.584 billion.

4.Metso's new board

Metso's Board of Directors has made certain changes in its executive team. Matti Kähkönen, who is currently the Executive Vice President, Deputy CEO and President of Mining and Construction Technology, has been appointed as President and CEO.

5.SAIL to shortlist 4 cos for coal mine project

Four companies may be short-listed by Steel Authority of India (SAIL) for the development and operation of a 4mn tonne open-cast coking coal mine with inbuilt coal beneficiation plant at the Tasra block in Jharkhand.

6.Hike in royalty on coal blocks in the offing

In response to the request to revise royalty rates, the centre is considering a proposal to hike royalty rates on coal and lignite blocks. The proposal is under consideration of a study group that has collected views of the concerned stakeholders

7.Rio Tinto to foray into Indian coal market

Anglo Australian mining firm Rio Tinto plans to make a footprint in the Indian thermal coal market by selling coal to companies in the cement and power sectors. The company is currently in talks with players in the sectors for coal supply.

8.FIMI cheers SC ruling on iron ore auction

Federation of Indian Minerals and Industries (FIMI), the body that looks after the needs of the local mining industry in the country, welcomed the Supreme Court’s ruling that allowed the auction of 1.5 mn tonne of iron ore a month

9.Steel Veteran

Gopal Prasad Agrawal, Chairman & Managing Director, Vandana Global Ltd (VGL), has more than three decades of rich experience in the field of commerce and industry.

10.NMDC signs MoU with APMDC

National Mineral Development Corporation (NMDC) and Andhra Pradesh Mineral Development Corporation (APMDC) have signed an MoU to undertake exploration of low-grade iron ore and gold deposits in Andhra Pradesh.