ArcelorMittal makes changes to its board of direct
Francois Pinault will step down from his position as a member of the board of directors as approved at ArcelorMittal's Extraordinary General Meeting of Shareholders.
MacDougall retires from Continental Nickel
Craig S. MacDougall has advised the board of directors at Continental Nickel Limited that he will resign from his position as the president, CEO and director. MacDougall was instrumental in the founding of Continental Nickel in 2006; he completed the initial public offering and listing in 2007, and led the Company from that time.
Usiminas achieves record iron ore in 2010
On 20 January 2011, Mineração Usiminas (Usiminas) announced that the company's joint venture with Sumitomo resulted in a record production year for Usiminas.
POSCO, IMFA establish ferro company
POSCO has entered into an agreement with Indian Metals & Ferro Alloys Ltd (IMFA) to establish a joint venture (JV) ferrochrome producing company. This will allow POSCO steady and economic access to main materials for its stainless steel production.
ABB receives wind power orders in Brazil
ABB has received orders worth USD 32 million to supply five new transformer substations and construct overhead transmission lines. This order will serve 14 wind farms with a generation capacity of 300MW.