Tesco Plc., the world’s third-largest retailer, has applied to the Indian Government for developing a multi-brand retail business in India. The company has filed its application with the Department of Industrial Policy and ...
Tags: Multi-Brand Retail, UK's Tesco
Trafigura's Mining Group announced that it has entered into an agreement to sell its 98.68% stake in Compañia Minera Condestable SA ("CMC") to Southern Peaks Mining LP ("SPM"). Completion of the sale is subject to certain conditions ...
Sports apparel brand Nike Inc., Beaverton, Ore., has opened a water-free dyeing facility at its Taiwan-based contract manufacturer Far Eastern New Century Corp. (FENC). The new facility utilizes the Netherlands-based DyeCoo Textile Systems ...
According to South Africa-based Kumba Iron Ore, subsidiary of Anglo American, South Africa's constitutional court has ruled that only Kumba Iron Ore can apply for the remaining 21.4 percent mining right in Sishen iron ore mine. Kumba, ...
Tags: Iron Ore, Metallurgy, Mineral
Senegal hopes to find shale gas in its onshore Paleozoic Basin in the next two years having awarded exploration licenses to international companies, the head of state-owned Petrosen said Thursday. The west African nation, already a small ...
Tags: Shale Gas, Metallurgy
General Motors will sell its entire seven per cent stake in PSA Peugeot Citroen and scale back its collaborative efforts with the French car maker. GM vice chairman Steve Girsky says the US-based manufacturer plans to sell the 24,839,429 ...
Tags: Peugeot Citroen, GM
PSA Peugeot Citroen and General Motors today announced further steps in their strategic Alliance. The Alliance remains structured around the main pillars of joint programs - purchasing and logistics, focused on Europe, and extends into ...
French carmaker Renault has entered into an agreement with Chinese Dongfeng Motor (DFG) to create a new joint venture company, Dongfeng Renault Automotive Company (DRAC), with an investment of EUR870m for localized production in China. ...
State-owned PetroChina has signed a purchase contract with Datang International Power Generation for natural gas supply into Beijing, PetroChina said Thursday. Under the contract, Datang will supply 4 million cubic meters/day of natural ...
Tags: PetroChina, Datang, Gas Supply, Beijing
Bechtel has been selected by BHP Billiton to provide engineering, project management, and construction services for a system that will bring a sustainable water supply to the Escondida copper mine in the Atacama Desert of northern Chile. ...
Brewing giant Carlsberg Group has increased its stake in Chongqing Brewery (CBC) from 29.7% to 60% with the acquisition of 146.6 million shares for a purchase price of RMB2.9bn ($477.4m). This deal was announced in March 2013 and will ...
Tags: Carlsberg, Chongqing Brewery, stake, beer
This price drop came despite the printing equipment manufacturer's figures showing revenue for the year ended October 31, 2013 had increased by 8% to £335.7m – largely due to new product launches and considerable sales growth in ...
Reportedly, the Brazilian mining giant Vale is planning to reduce costs and decrease capital spending by selling its minority interest of a 26.9% stake in its business of steel, coal and fertilizer in CSA Plant. The Plant is majority-owned ...
Tags: steel, Metallurgy, Mineral
Kortrijk, Belgium-based Bekaert, one of the world's largest steel cord and wire manufacturers, has announced its expansion plans for Central and Latin America, including the startup of a steel fibre plant in Costa Rica, the acquisition of ...
Tags: Bekaert, Metallurgy
Xiong Xinhai, CEO of WISCO CAD (Hong Kong) Mining Company, Ltd (formerly known as China Union (Hong Kong) Mining Company, Ltd), has stated that, while the first phase of the Bong iron ore mine project in Liberia was successfully ...
Tags: iron, metallurgy