Egypt: Sinai Cement to self-finance coal conversion
Egypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows. The company added in a bourse sta...
Coal
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Siwertell order for new Myanmar cement facility
Cargotec's Siwertell has received an order from CITIC Heavy Industries Co Ltd (CITIC) for a rail-travelling ship unloader. The ST-640 M-type unloader has been ordered to support...
Nigeria: Ashaka trebles profit in 1H14
Nigerian Lafarge subsidiary Ashaka Cement has reported a 1H14 profit after tax of NGN3.51bn (US$21.5m), a 201 per cent increase than its 1H13 figure of NGN1.15bn. Pretax profits...
Lucky Cement plans Karachi coal-based power plant
Lucky Cement plans to invest in a coal-based power plant in Karachi, Pakistan, through its subsidiary Lucky Holdings Limited (LHL).
India: local tax on coal mines to hit cement firms
India's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a ne...
Maximising AF usage Premium
While the use of alternative fuels (AF) continues to increase, the desired targets always pose challenges as the price and properties of waste-derived fuels vary. Therefore, a b...
Waiting for the light Premium
With cement demand growth slipping below six per cent in 2012, India appears to have fallen short of expectations, in spite of remaining a high-growth market by global standards...
Pakistan: cut in discount rate should benefit cement sector
Pakistan's cement sector remained the major beneficiary in the reducing interest rates scenario being one of the major leverage sectors thanks to massive allocation of Public Se...
Emerging markets continue to play key role in global energy prices
With a sluggish US economy where the fiscal cliff remains a major concern in 1H13 and a recession-hit Eurozone burdened by unaffordable energy import costs, it is clear that mos...
Pakistan invites Expressions of Interest for new coal terminal
The Karachi Port Trust (KPT), which operates under Pakistan’s Ministry of Ports and Shipping, is inviting expressions of interest (EOI) to develop a dedicated coal terminal on a...