Search Results for: Pakistan

ETHIOPIA’S potential as a source of industrial minerals is beginning to be realised, with a growing number of exploration and mining projects underway, and rapidly increasing foreign investment.
To date, its Ministry of Mines has granted 72 industrial minerals exploration licenses – 61 to foreign companies, eight to Ethiopian/foreign joint ventures, and three to local companies; and 52 mining licenses – 28 to foreign companies, 17 to Ethiopian/foreign joint ventures, and seven to local companies.…

Pakistan’s shipbreaking industry has started talks with the Pakistani government over how it can comply with the International Maritime Organisation’s (IMO) Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships, whose rules come into force in 2015. The chairman of the Pakistan Ship Breakers Association has told Steel First that he has met with officials to discuss measures for implementing the treaty: “We are ready to take steps to protect and promote the ship breaking industry,” declared Deewan Rizwan Farooqui.…

BY MJ DESCHAMPS

WINNERS

Bangladesh

Despite its well-trailed labour and environmental problems, analysts still backed Bangladesh as having the potential to become a long term apparel sourcing hotspot. Indeed, ready-made garment exports could triple within a decade, as buyers move sourcing away from China, according to research by McKinsey & Company.…

BY KEITH NUTHALL

A FEDERAL American grand jury has indicted two Pakistanis on charges alleging they operated Internet sites that illegally shipped pharmaceuticals from Britain and Pakistan to customers worldwide, including the USA. The charges allege that since 2005 Sheikh Waseem Ul Haq, 39, and Tahir Saeed, 50, illegally shipped USD2 million of pharmaceuticals, selling nearly USD780,000 in the USA.…

BY CARMEN PAUN IN BRUSSELS

THE EUROPEAN Commission is hoping that the recent overhaul of the European Union’s (EU) Generalised Scheme of Preferences (GSP) will increase the flow of rare earth metals and aluminium oxide into the EU. Concerns persist about supplies of these important industrial minerals.…

BY POORNA RODRIGO

Bangladesh has scrapped 203 ships so far this year, making it the largest number ever in the history of its thriving ship breaking industry, the Bangladesh Ship Breaker’s Association (BSBA) secretary Nazmul Islam has told Steel First.

In 2010 Bangladesh scrapped only 75 ships, and the number improved to 145 in 2011 before it shot up to 203 in this year so far.…

BY MICHAEL STEIN, IN PRAGUE; AND RAHIMULLAH YUSUFZAI, IN PESHAWAR

Senior government officials in the Pakistan province of Sindh have told Steel First they are keenly awaiting the promised launch of a Czecho-Pakistani project to build a CZK6.1 billion (USD320 million) private steelworks facility in Pakistan.…

BY RAHIMULLAH YUSUFZAI, IN PESHAWAR

The chief executive officer of Pakistan Steel Mills (PSM) has told Steel First his company is seeking an advance on agreed Pakistan government bailout funds agreed this July. Retired Major General Muhammad Javed stressed the company was not seeking fresh subsidies, but needed a second Pakistan Rupees PKR5.40 billion (USD56.2 million), tranche of the PKR14.6 billion (USD151 million) approved by the cabinet’s economic coordination committee.…

BY RAGHAVENDRA VERMA, IN NEW DELHI

GYPSUM producers and users have been key beneficiaries of the slow liberalisation of trade controls between India and Pakistan, Industrial Minerals can report. The Wagah border post linking the Indian state and Pakistani province of Punjab – a region divided in 1947 when Indian and Pakistan became independent, now processes a roaring trade in Pakistani gypsum.…

BY PACIFICA GODDARD

10 SEPTEMBER 2012

MOROCCO, Tunisia, and Egypt – respectively the sixth, seventh and sixteenth largest exporters of knitwear to the European Union’s 27 member states, as measured by sales value – have traditionally been competitive knitwear producers and exporters.…