KAP officially taken over by Cyprus-based Company

The largest Montenegrin company, the Aluminum Plant Podgorica (KAP), has officially become the ownership of the company “Salamon Enterprises” from Cyprus. The new president of KAP’s Board of Directors, Jakov ... More

Serbian-Belgian factory of parts "Meteh" in Smederevo put into operation

The commencement of operations in newly opened Belgium-Serbian company “Meteh Group” and the opening of the factory that will deal with the metal-processing activity have been officially celebrated in Smederevo. The ... More

Australian View Resources Limited seeks to acquire Majdanpek copper mine

Australian nickel and gold mining company View Resources Limited (VRL) has expressed interest in the takeover of copper mine Majdanpek, specifying that the company currently owns two nickel and gold mines in Australia. A thorough ... More

Greek SIDMA buys real estate in Bulgaria

Greek iron and steel company Macedonia Sidiremporiki (SIDMA) bought a real estate property in Bulgaria, and another one in Romania, as part of its investment program for expansion in the Balkans, the company was quoted. The ... More

Stomana industry invested eur 40m in new production facility

Stomana Industry has invested EUR 40 million in a modern production facility for long products-merchant bars, metallurgical enterprise, beefing up its share of the Bulgarian market to 60%. The installation of the necessary ... More

Keeping pollution under control

Cepromin Deva has announced the completion of a research project for the closing and cleansing of five polluting metal mines located in the counties of Alba (Baia de Aries and Zlatna), Cluj (Baisoara), Harghita (Santimbru), and ... More

Company Feronikl to be sold off

One of Kosovo biggest companies, ore processor Feronikl, is to be sold to the Alferon company, members of the Kosovo Trust Agency's (KTA) board of directors announced. They said that the launching of the new company would have a ... More

Laminorul Braila of Romania re-launched for privatisation

The Authority for State Assets Resolution (AVAS) launched for the fourth time this year the privatisation process at Laminorul Braila, after it has rejected the only offer submitted in the last attempt by the Danish company ... More

Russian businessman fires workers of the Ironworks of Skopje

450 workers in the company of Skopska legura, part of the former Zelezara (Ironworks) have lost their jobs. Instead of returning them to the work, as was originally promised, Russian businessman Pavel Malinovski has dismissed ... More

Aluminium firm expands in Bulgaria

Alumil-Mylonas plans to further expand its production and distribution network in Bulgaria in the period 2006-2008, George Mylonas, chairman and chief executive of the Greek-listed group told said. Mylonas said his company was ... More

USD 26.6 million investment in Bor copper mine would return USD 66.9 million profit, study shows

A short-term investment of USD 26.6 million in the 2006-2011 period would boost the Bor copper mine’s output to over 1.09 million tons of concentrate, university professor Slavko Torbica said presenting a study this ... More

Alumil among top 500

Five hundred of the fastest developing medium-sized firms in Europe have created about 130,000 jobs in all sectors over the past three years. These firms have increased both employment and their turnover in the region of 14 ... More

Romanian state wins Noble Ventures lawsuit

The Romanian state has won the lawsuit filed against it by Noble Ventures with the Washington International Centre for Settlement of Investment Disputes, ICSID. The complaint was filed under the bilateral investment treaty ... More

Aluminum announces electric energy tender

Aluminum of Greece called for an international tender to purchase electric energy. Aluminum of Greece requested suppliers to express their interest in providing up to a total of 300MW of energy for the calendar year 2006 and to ... More

Record monthly production in Copper Mill Sevojno

Copper Mill Sevojno (www.coppersev.com) produced 3,017 tons of semi-finished products of copper and its alloys in September, which is the biggest production realized in this company since Spring 1992, i.e. introduction of embargo ... More

300 million for metals plant

In the next four years, the new owner of metallurgical plant Kremikovtsi, Global Steel Holding Ltd (GSHL) would invest a total of more than $300 million in the development of the company, newly-appointed CEO Alok Gupta told a ... More

Tender for "Erdemir" on October 4

A privatization tender for Turkey's iron-steel monopoly, Erdemir, the 13th biggest in the world, will be held on October 4. A total of six firms and consortiums will compete for the bloc sale of 46.12 percent of Erdemir at ... More

Greek Sidma SA Opens Steel Unit in Bulgaria

Greek Sidma SA started operating a steel company in Bulgaria with Packer Plada Ltd, a market leader in Israel's steel market. Sidma owns 75% of SID-PAC Bulgaria SA, with the remainder owned by PackerPlada. The stake was ... More

Mittal Steel plant sees hike in orders

Iasi-based pipe manufacturer Mittal Steel said it had recorded orders with a total value exceeding 13 million USD in August. The steel market faced a decline in demand in the first six months, but the trend changed and currently ... More

U.S. Steel's move in East Europe pays off

When U.S. Steel paid $475 million to buy teetering Slovak steel maker VSZ five years ago, many thought the normally cautious, penny-pinching powers at 600 Grant St. had taken temporary leave of their senses. The same doubts ... More