R/€ = 16.12 Change: -0.11
R/$ = 13.66 Change: -0.09
Au 1279.61 $/oz Change: -8.14
Pt 919.00 $/oz Change: -4.50


Japan govt wants to get actively involved in Kobe Steel issue – trade minister

By: Reuters     Updated 1 hour 28 minutes ago The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday, as the company's widespread misconduct has sent a chill along global supply chains. Kobe Steel, Japan's third-biggest... 

Japan transport ministry considering checks of cars, trains using Kobe Steel products – Kyodo

By: Reuters     19th October 2017 Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel, Kyodo reported on Thursday. With the data falsification scandal at Japan's No. 3 steelmaker affecting a wide range of manufacturers, the... 

Europe aviation agency advises suspending use of Kobe Steel products

By: Reuters     18th October 2017 Europe's aviation regulator has advised aircraft manufacturers to suspend using parts from Kobe Steel until their legitimacy can be proved, following revelations about data cheating at the Japanese company. The European Aviation Safety Agency (EASA) said the concern was not serious enough at this... 

Citing data scandal, local govt delays Kobe Steel coal plant assessment

By: Reuters     17th October 2017 Japan's Kobe Steel, embroiled in a data falsification scandal in its metals business, was dealt a fresh blow as a local government suspended an environmental assessment of its plans to build a large coal-fired plant on the site of an old steelworks. The government of Hyogo in western Japan, where... 

Airbus says has not found any suppliers affected by Kobe scandal

By: Reuters     13th October 2017 Airbus does not buy products directly from Japan's Kobe Steel but is investigating whether any of its suppliers are affected by a cheating scandal, an Airbus spokesman said. "So far we have not identified any suppliers that procure materials from Kobe Steel for parts fitted on our aircraft," he... 

Boeing passenger jets have falsely-certified Kobe Steel products-source

By: Reuters     13th October 2017 Boeing Co, the world's biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters. Boeing does not as yet consider the issue a safety problem, the source stressed, but the... 

Kobe Steel shares plunge as data fabrication concerns deepen

By: Reuters     11th October 2017 Kobe Steel shares tumbled a further 16% on Wednesday after it admitted it may have fabricated data on iron powder products and media reported the possible sale of its real estate business. The latest disclosure comes after Japan’s No.3 steelmaker said on the weekend it had falsified data to show... 

Coal contract prices set to surge as China reduces capacity

By: Bloomberg     6th September 2016 Metallurgical coal contracts are set for the longest run of gains since quarterly deals were introduced in 2010 as China cuts output and raises steel production. Spot prices for hard coking coal have gained more than 80% since the start of June to more than $150 a metric ton, surging above the... 

Low commodity prices changing traditional M&A deal making, as value, volume drop

By: Henry Lazenby     21st March 2016 Low commodity prices are having a big impact on merger and acquisition (M&A) activity, owing to playing such a critical role in determining deal values, professional services firm KPMG partner Jamie Samograd, who focuses on mining in the deal advisory practice, tells Mining Weekly Online.... 

India’s SAIL secures approvals to start Gua mine expansion

By: Ajoy K Das     28th January 2014 The Steel Authority of India Limited (SAIL), the country’s largest steel producer, would start construction of a $748-million iron-ore project in the eastern Indian province of Jharkhand, after securing the forest and environmental approvals from the concerned ministry. The Forest and... 

Gas-fired power plant project, Japan

By: Sheila Barradas     12th April 2013 Kobe Steel aims to construct a gas-fired power station in Moka, Tochigi prefecture, Japan. 


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