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Jul 17, 2014

London Mining boosts iron ore output in Sierra Leone

July 17 (Reuters) – London Mining Plc raised
quarterly production at its iron ore mine in Sierra Leone after
upgrading a processing plant and said it expected to find a
strategic partner by the end of the year.

Iron ore production at the Marampa mine rose 21 percent in
the second quarter. London Mining stood by its full-year 2014
production target of 4.9 million to 5.4 million wet tonnes of
iron ore concentrate.

Oct 23, 2012
via India Insight

Slayer extends its ‘reign in blood’ to Bangalore

Photo

Bangalore houses what might be an outsize share of India’s metal heads, so it’s appropriate that this was the city that thrash metal band Slayer picked for their first show in India. The band played in one of the city’s outlying suburbs, and drew a crowd from all over, including Vietnam, as they played a set list that stretched back through albums such as “Reign in Blood,” to “Show No Mercy,” their debut album from 1983.

“The special part for me is we’ve never played India. So we can pretty much play anything we’ve ever played,” guitarist Kerry King said at a press conference for the event.

Apr 23, 2012

Baja Mining shares fall as Mexico project costs balloon

April 23 (Reuters) – Canadian miner Baja Mining Corp
said its copper-cobalt-zinc project in Mexico overshot
its budget by about 22 percent, mainly because of design changes
and higher steel and fuel costs.

The company’s shares fell as much as 38 percent to a near
three-year low of 56 Canadian cents on Monday on the Toronto
Stock Exchange. The stock was one of the biggest percentage
losers on the exchange.

Apr 18, 2012

Baytex to sell some Williston Basin assets to Magnum Hunter unit

April 18 (Reuters) – Baytex Energy Corp said its
U.S. subsidiary has agreed to sell its non-operated interests in
the Williston Basin in North Dakota to a unit of Magnum Hunter
Resources for $311 million.

The assets being sold to Bakken Hunter had proved reserves
of 12.4 million barrels of oil equivalent as of Dec. 31, and
produce about 950 boe/d of Bakken light oil.

Mar 28, 2012

BATS strips Ratterman of chairman role

By John McCrank and Abhiram Nandakumar

(Reuters) – BATS Global Markets Inc stripped Chief Executive Joe Ratterman of the chairman’s role on Tuesday, days after the No. 3 U.S. exchange operator’s botched initial public offering.

The board, however, said it unanimously supported Ratterman as president and CEO of the company and cited better corporate governance as the reason for splitting the CEO and chairman roles.

Feb 1, 2012

Seagate sees unit shipments up by nearly a third in Q3

Jan 31 (Reuters) – Hard drive maker Seagate Technology
(STX.O: Quote, Profile, Research) expects unit shipments to jump by nearly a third this
quarter, even though worldwide inventories remain squeezed as
its suppliers’ factories recover from last year’s floods in
Thailand.

The floods in Thailand, which is the world’s No. 2 exporter
of hard drives, disrupted production and pushed hard drive
inventories to historic lows worldwide.

Dec 14, 2011
via India Insight

Virtual crowd control

Sunday’s HP Touchpad fire sale on eBay proved one thing – you can shout about the Cloud and internet retailing all you want, but if you can’t handle the shopper militia who will besiege your site, you’re in trouble.

News surfaced last week that HP was selling off a final batch of its ill-fated Touchpads on eBay. The heavily-discounted sale was first held in August, and people swamped online and physical stores to buy as many as they could. The brick-and-mortar stores got away with fewer bruises than their online counterparts as websites nearly froze because of demand.

Nov 23, 2011
via India Insight

Stories of intuition and hope

Infosys’ head honcho S.D. Shibulal revealed he is an INTJ type.  It is hardly surprising then that Shibu, as he likes to be called, was one of the pioneers of the Global Delivery Model – corporate speak for outsourced IT services.

INTJ (short for Introvert, Intuition, Thinking and Judgment) is a rare personality type based on psychoanalyst Carl Jung’s works. INTJ personalities are self-starters, preferring to work alone without an authority looking over their shoulders and meticulously plan their activities to achieve success.

Nov 23, 2011
via India Insight

A garage, a beaker and a Bunsen burner

Kiran Mazumdar-Shaw, one of India’s most influential businesswomen and among the world’s most powerful women, says she’s an accidental entrepreneur.

Mazumdar-Shaw has shown that modest garage start-ups can extend beyond software and hardware companies. She set up what is now India’s largest listed biotechnology company in 1978 and she encourages others to follow suit.

    • About Abhiram

      "Abhiram is a journalist for the Bangalore bureau -- sending out headline alerts for Indian, U.S., Canadian and Australian companies. He is also the only metal-head in the bureau."
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