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“Kores also said Tuesday that a South Korean consortium has acquired a 90% stake in the 244 million-ton Kapuas coal mine in Indonesia for $84.15 million.”
“Environmental issues contributed a shortage of 17.8 million tons of the 30-million-ton shortfall from the original production target, while lawsuits over mining contracts at one unit and flooding at mines operated by another unit hit some production too, he said.”
“He said Reliance will build a 1.5-million-ton olefin cracker at its Jamnagar facility in the western state of Gujarat.”
“Earlier this month, the federal environment ministry gave its final clearance to Posco's proposal to build a 4.0-million-ton plant in the first stage of the project at Orissa's Jagatsinghpur district.”
“The company is building a 1-million-ton steel plant in the central state of Chhattisgarh, and has signed a memorandum of understanding with Russia's Severstal to build a steel plant in the southern state of Karnataka.”
“The government sets a fiscal-year quota every summer at the 1.2 million-ton minimum dictated by the World Trade Organization.”
“Mr. Verma said the company is keen on setting up a 3.0-million-ton steel plant in Afghanistan, provided it gets raw-material linkages, land and security assurances from the government there.”
“It also holds 61.65% of Numaligarh Refinery Ltd., which operates a 3.0-million-ton refinery at Numaligarh in Assam state.”
“The body raised its estimate for world cereal production in 2010 by eight million metric tons from its December estimate to 2.2 billion tons but said it expects that to be outpaced by an 18 million-ton increase in world consumption.”
“In addition, exports from Thailand, whose bumper 10 million-ton crop was responsible for pushing the front-month raw-sugar future contract to an eight-month low of 20.40 cents a pound, have been halted by a sunken barge in one of the country's main waterways.”
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