Swiss logistic group plans expansion in India

Swiss logistic group M+R Spedag, which took over the Chennai based PL Shipping and Logistic, plans to expand its services in two areas air freight and project cargo.

There is a growth potential in both these areas and the company would be strengthening its network to take advantage of it.

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Indian long product price index jump by 66 points

The Indian Long Product Price Index ILPPI went up by 66 points on March 28th 2011 whereas Indian Flat Product Price Index IFPPI went down by 48 points. The overall Indian Steel Price Index INDSPI went up by 11 points

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Resource super profit tax - Australian opposition backs right to hike royalties

AAP reported that the opposition is backing the right of state governments to increase the royalties they collect from mining companies, even if the hikes are injudicious.

It has also warned that lofty expectations of a revenue bonanza from the Gillard government's planned minerals

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Philippines resolves 50pct of pending and inactive mining applications

It is reported that at least half of the total pending and inactive mining applications have been eliminated or resolved as part of reforms in the country's mining sector.

In a report to the Department of Environment and Natural Resources Secretary Mr Ramon Paje, Mines and Geosciences

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Shenhua Energy 2010 earnings up by 20pct

It is reported that China Shenhua Energy Company posted a 20.3% rise in 2010 net profits to CNY 38.13 billion.

Sales revenues in 2010 rose 25.3% to CNY 152.06 billion and basic earnings per share hit CNY 1.92. The company plans to distribute cash dividends of CNY 0.75 for every share

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