TIANJIN RELIANCE STEEL CO., LTD

Jinghai District Tianjin City, China

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Fayemi says he’s convinced that Nigeria can no longer afford not to process its own resources. “The idea that we must be taking our iron ore out, our gold out, every raw material, for others to add value, and then send back to us to pay probably 10 times what it’s worth when we send them out is unthinkable,” he said.

“This is an alternative to oil,” he said. “The complex can be up and running two years after the government makes the strategic decision on the direction it wants to take.”

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Yet the record of privatization in Nigeria is decidedly mixed. In the cement industry, it was largely a success: Investors succeeded in reviving production, making the country a net exporter of the material. One of the early buyers, Aliko Dangote, is now Africa’s richest man. By contrast, efforts to sell off power plants have failed to end blackouts, still a daily occurrence in much of Nigeria.

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Management has completed a thorough review of the project’s remaining construction schedule. Based on the progress of construction to date and the impact that abnormal rainfall has had on construction activities since late December 2018, the start of the summer season, the Company now plans to initiate ore stacking early in the fourth quarter of 2019 and is extending its guidance for achieving commercial production to the first quarter of 2020.  The project team has had to overcome a slow start and ramp-up of activities from two key contractors involved in the massive earth excavations for the leach pad and foundation excavations for the crushing site; two activities that affect the critical path of the project.  As of early February 2019, excavations for the leach pad and foundation excavations at the crushing site are 90 percent concluded and the activity has been de-risked. A slow build-up of camp availability has been another challenge for the project.  Current on-site head count stands at 900 workers with a peak projection of 1,100 workers expected in April 2019. The construction camp has the capacity to host a population of 1,200 workers, de-risking contractor mobilization.

* Midweek Missions, Wednesdays June 5-July 31 (except June 26 and July 3), Pre-K to post-5th grade, free. Bring a sack lunch. Will volunteer at local agencies and do random acts of kindness.

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, naphthalene, and other compounds; and iron ore concentrates. The companyÂ’s Steel segment produces and sells semi-finished steel products, carbon and specialty long products, and carbon and stainless flat products, as well as value-added downstream metal products, including forgings, stampings, hardware, rails, balks, and ferrosilicon. Its Power segment generates, distributes, and sells electricity and heat energy to third parties. The company was formerly known as Mechel OAO and changed its name to Mechel PAO in March 2016. Mechel PAO was founded in 2003 and is based in Moscow, Russia.

Just when you, the fan, thought you had it all figured out, the New York Jets viciously slam on the brakes (while you’re simultaneously taking a sip of piping-hot coffee).

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The CITT has ruled that Vietnam, Pakistan, Turkey and the Philippines have illegally dumped carbon steel welded pipe, more commonly known as standard pipe, in Canada, and "the dumping of the above-mentioned goods … has caused injury to the domestic industry."

University of Nebraska-Lincoln Glenn Korff School of Music Summer Camps. Register: arts.unl.edu/music/camps.

Indonesia, Singapore, and Thailand had suffered a lot from the 1997 Asian Financial Crisis. The least affected Asian nations include Brunei, China, Singapore, Taiwan, and Vietnam.


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