IMPOL SEVAL announces New Investment Cycle

14.6 million euro were invested in the Impol Seval aluminium factory in Sevojno, owned by the Slovenian company Impol, in 2005. Company director Ninko Tesic said the factory's investment program had been exceeded by 20%, while a ... More


U.S. Steel Serbia produces 1.21 million tons of iron in 2005

Smederevo-based U.S. Steel Serbia (USSS) said it produced 1.21 million tons of iron in 2005. In December 2005 alone, USSS’s two blast furnaces churned out a total of 125,900 tons of iron. Thanks to the July 2005 ... More


Aluminum mill Impol-Seval earns USD 60 million from exports in 2005

Sevojno-based aluminum rolling mill Impol-Seval exported 92% of the 43,500 tons of goods it made in 2005, earning a total of USD 60 million, general manager Ninko Tesic said. By the end of May 2006, the company should ... More


Mittal Steel controls 94.4 percent of Romportmet shares

Mittal Steel Holdings bought almost half of the 10-percent stake of the capital of the harbour operator Romportmet, for which it paid 7.5 million (1 euro = 3.68 lei). The above-mentioned company bought 1.1 million shares, that ... More


Kosovo: IMR/Alferon to soon carry out investments in Ferronikeli .

- The Company IMR/Alferon should carry out its contractual obligations concerning the privatisation of Ferronikeli and also begin investment and employment process, Kosovar media report. Based on the agreement signed between ... More


Cambridge Mineral says results encouraging from Rosini permit

Cambridge Mineral Resources, a mining exploration and production company, was quoted as saying by Dow Jones the results of its initial exploration diamond drilling program at Tashlaka Hill South on its Rosino Permit located in ... More


Belgium's Cumerio to decide on new plant in Bulgaria within next month

Belgian copper maker Cumerio will decide by February whether to build a new production facility in the town of Pirdop, Western Bulgaria, or acquire one in the same region. The more likely option is to build new production ... More


Kitchenware Metalac top local brand, GFK survey shows

Kitchenware manufacturer Metalac from Gornji Milanovac is the top local brand according to 56.4% of those polled as part of the Best Brands of Serbia survey, RTS reported. The rankings, compiled by the GFK research agency, were ... More


Metalac expects 2005 kitchenware exports to Russia to hit EUR 3.25 million

Kitchenware manufacturer Metalac's exports to Russia this year are expected to reach EUR 3.25 million, a 38% increase from 2004, according to Petrasin Jakovljevic, the general manager of the Gornji Milanovac factory. In 2006, ... More


Aluminum of Greece in search of alternative electricity provider

Aluminum of Greece’s effort to commit capacity that will allow the company to import electricity from Greece’s northern borders was unsuccessful. Specifically, Aluminum of Greece was outbid in the tender launched ... More


Mine permit

Mediterranean Minerals Bulgaria, a unit of Cyprus-based based mining company East Mediterranean Resources, received a three-year metal and gold deposits exploration permit for the Lehovo site in south-western Bulgaria. The ... More


USD 300 mln loan from Japan to modernize Erdemir

A 300 million USD loan was allocated from Japan to finance modernization of the Turkish Eregli Iron and Steel Factories Corporation (ERDEMIR). The loan came from BNP Paribas Tokyo and the Bank of Tokyo-Mitsubishi Ltd and it will ... More


USD 300 mln loan from Japan to modernize Erdemir

A 300 million USD loan was allocated from Japan to finance modernization of the Turkish Eregli Iron and Steel Factories Corporation (ERDEMIR). The loan came from BNP Paribas Tokyo and the Bank of Tokyo-Mitsubishi Ltd and it will ... More


Mining firm Kaolin abandons bid for Bulgarian river shipping company

Mining firm Kaolin abandons bid for Bulgarian river shipping company Mining and processing company Kaolin, tapped to acquire a 70% stake in the Bulgarian River Shipping Corporation (BRSC), said it is backing out of the deal. ... More


Montenegro: government takes over Niksic steel mill

The Montenegrin government has taken over the management of the Niksic-based steel mill. The move follows the departure of the Russia-British company Midland after a year and a half of its management. The government has set up a ... More


Kosovo: German Government donates to energy and mines sector

The German government shall invest €18 million in the energy and mining sector in Kosovo, through the KfW, the German Bank for Reconstruction. This money is foreseen to be invested in a power station in Peja and for ... More


ALPOS moving Production to Bosnia

Alpos, a producer of steel pipes, has opened a new production facility in Prnjavor, Bosnia-Herzegovina. A part of the production from its central production facility in Slovenia's Sentjur will be relocated to the new location, ... More


Mittal ups stake of Bosnia Steel company

Steel giant Mittal Steel Co. NV said that it increased its stake in Mittal Steel Zenica to 92 percent, with its purchase of a 41 percent interest from the Kuwaiti Investment Agency for $98 million. The latest investment ... More


SIEPA: US steel Serbia – exporter of the year

The Serbian Investment and Export Promotion Agency (SIEPA) has awarded national prizes to the best Serbian exporters in 2005; the company “U.S. Steel Serbia” was awarded as the exporter of the year. The company ... More


“Phelps dodge” explores copper deposits in Kosovo

American company ''Phelps Dodge'', the largest producer of copper in the world, has received a licence for the exploration of copper deposits in Kosovo. They got the licence from the United Nations civil mission (UNMIK), which ... More