Russia's state-owned Rosneft has signed two loan agreements with a group of international banks for a total of $16.8 billion to finance acquisition of BP's 50% stake in Anglo-Russian TNK-BP, the company said Monday. "Pursuant to these ...
Maplecroft principal Latin America analyst James Lockhart-Smith told BNamericas that Anglo American is unlikely to seek compensation from the Venezuelan government following the expiration of the concessions and permits for its Loma de ...
Tags: Stainless Steel, Mining Gold, Bank of America, Nickel
Reuters reported that South Africa is drawing up laws to force platinum and iron ore miners to sell "small amounts" of production to local processors at a discount to diversify its economy. Mr Lionel October director general of the ...
Tags: platinum, iron ore miners, domestic metal, South Africa
Bloomberg cited LLX Logistica SA, the Brazilian port operator headed by billionaire Mr Eike Batista saying that the most in a week after agreeing to lease space at its Acu complex to the local unit of French steel pipe maker Vallourec SA. ...
Tags: LLX Logistica SA, steel pipe, steel market, steel
Reuters quoted Anglo American Plc as saying that an injunction blocking installation of an electricity transmission line at its Minas-Rio iron ore project in Brazil has been lifted, clearing the final hurdle for the project. A ...
Tags: Anglo American Plc, iron ore, mine
America may be the largest consumer of diamonds today but the focus is now being shifted to Asia which could overtake the US by the end of this decade. Rapid growth of consumers in China and India is helping now to drive a rebound from the ...
Tags: consumer of diamonds, consumers in China, economic downturn, America
Anglo Asian will sell 2,500 wet metric tonnes and 550 dry metric tonnes of copper concentrate when available to Glencore. Azerbaijan miner Anglo Asian Mining has unveiled a deal to sell copper concentrate to commodities giant Glencore. ...
Tags: Anglo Asian, wet metric tonnes, dry metric tonnes, copper concentrate
France is considering nationalizing an aluminium plant owned by Anglo Australian mining group Rio Tinto. The potential move is being studied by officials working for Arnaud Montebourg, the Industrial Recovery minister, just 10 days after ...
Tags: aluminium plant, Rio Tinto, Industrial Recovery minister, Mineral
French cement maker Lafarge is looking to sell its controlling stake in its South Korean subsidiary Lafarge Halla Cement Co, according to South Korean online media Edaily. The French company, which controls about 90% of its Seoul-based ...
Tags: Lafarge, controlling stake, cement market, company news
A consortium of Chinese and South African entities has agreed to purchase the 74.5% interest in South African copper producer Palabora Mining currently held by major miners Rio Tinto and Anglo American. The transaction in which Rio Tinto ...
Tags: copper stake, copper, copper producer, refined copper
Bloomberg reported that Hebei Iron & Steel Group led a group including Industrial Development Corp of South Africa Ltd in agreeing to buy Rio Tinto Group's Palabora Mining Co Rio will sell the companies a 57.7% stake for USD 373 million. ...
New Zealand's largest electricity producer,Meridian Energy has resumed talks with Rio Tinto Alcan,the majority owner of the Tiwai Point aluminium smelter over Rio's request for changes to 18 year contracts for power supply that kick in on ...
Tags: electricity, Meridian Energy, Rio Tinto Alcan, power supply
Robust, single-minded and colourful were three words that sprung to mind asCarrefour CEO Georges Plassat discussed his plans for the French retail giant yesterday (30 August). However, some investors would like a little less gloss and a lot ...
Bloomberg reported that South Africa’s Cabinet endorsed measures that seek to cut local steel prices including the possibility of new export taxes on steel and iron ore. A group set up by the Department of Trade and Industry in 2010 ...
Tags: South Africa, steel price, steel, iron
Anglo American Platinum said the results of its business review, which is widely expected to lead to shaft closures and job cuts would be published early in the New Year. Amplats, a unit of global mining giant Anglo American lost at least ...
Tags: Anglo American Platinum, business review, job cuts, mines