Russian president Mr Vladimir Putin on Thursday called for the billionaire owners of the Alfa-Access-Renova consortium to invest the USD 28 billion cash they will get from selling their 50% stake in TNK-BP locally. Mr Putin told reporters ...
Tags: Russian president, AAR, oil
According to RBC Capital's Robin Kozar, the recent strength in iron ore prices is sustainable into the Q1 of 2013 as light supplies from India, declining inventories in China, healthy margins in China and seasonal weakness in the Chinese ...
Tags: RBC Capital, Robin Kozar, iron ore, prices
Business Line reported that Reliance Industries, which acquired BP Plc’s Malaysian petrochemical oil and gas processing plant in Kuantan for USD 230 million in September, is bullish about its prospects in the South East Asian nation. ...
Tags: Reliance Industries, BP Plc, Malaysian, oil, gas
Pittsburgh Business Times reported that AK Steel Holding is No. 7 on CNNMoney's list of the Fortune 500's "Worst-performing stocks of 2012" for what it said was a 50%t drop in its stock performance in 2012. The Cincinnati Business ...
Business Inquirer Net reported that diversified conglomerate San Miguel Corporation will reopen the Nonoc nickel mine with a new USD 2.5 billion refinery, in a deal that is only awaiting the approval of President Aquino. Mayor Ernesto ...
Tags: San Miguel, Nonoc nickel mine, nickel, mine
Egypt has announced that it has changed from a gas exporting to a gas importing country based on a decision issued by the Petroleum Minister that went into effect on 17th December. According to the ministerial order, the Egyptian Natural ...
Tags: Egypt, gas exporting, gas importing, gas
Metallurgical Corporation of China has decided to shelve an AUD 3 billion iron ore project in Western Australia as well as shut its Perth headquarters and withdraw all but five of its staff. The Australian said that that the state owned ...
Tags: Metallurgical Corporation, iron ore project, iron ore mine, iron ore
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
ALJ Regional Holdings, Inc announced that the ALJ stockholders approved the previously announced sale of KES Acquisition Company, ALJ’s majority owned subsidiary to Optima Specialty Steel, Inc for USD 112.5 million in cash pursuant to ...
Tags: ALJ, Regional Holdings, KES Acquisition Company, Steel
African Minerals Limited recently disclosed in a regulation filing that it now prefers to expand its existing rail and port infrastructure in Pepel, rather than develop a new port at Tagrin Point. This revised expansion is expected to ...
Tags: AML, African Minerals Limited, regulation, rail, port infrastructure
China Vanadium Titano-Magnetite Mining Co the largest non-state owned iron ore producer in Sichuan province said that its parent made a buyout offer of as much as HKD 2.06 billion (USD 266 million). According to a Hong Kong stock ...
Tags: China, Vanadium, iron ore producer, parent
Oil prices in the global markets have risen amid news of a decline in US petroleum inventories, with Brent North Sea crude for February climbing USD 1.52 to end at USD 110.36 per barrel in London trade. AFP reported said that oil prices ...
Tags: Oil, prices, global markets, US petroleum inventories
(China Glass Network) According to statistics issued by National Development and Reform Committee, output of flat glass during January to September this year is 546 million standard cases, with year-on-year drop of 6.9%; Exporting amount of ...
Tags: Glass Price, Glass, flat glass, glass products
ValeGift aims to shift the Brazilian gifting culture from traditional products to personal experiences. BELO HORIZONTE, BRAZIL, December 05, 2012 /24-7PressRelease/ -- If you live in Brazil, your gift options are usually limited to ...
Tags: Shoes, clothing, gifts, ValeGift, gift certificates, e-commerce
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