A new rivalry at the top of the Organization of the Petroleum Exporting Countries oil group has emerged, pitting up and coming Iraq against undisputed cartel heavyweight Saudi Arabia. Having overtaken Iran as OPEC's second biggest producer, ...
Tags: oil, Petroleum Exporting, Petroleum, oil prices
The West Australian reported that Aquila Resources will have to wait until at least March to resolve its funding dispute with West Pilbara iron ore partner AMCI, saying that an arbitration hearing will not be held until February 2013. The ...
Tags: iron ore, Aquila Resources, iron ore partner, iron, ore
Gulf News reported that Abu Dhabi based Emirates Aluminium Company expects the AED 16.52 billion Phase II of its smelter to be complete by the Q1 of 2014 when it will raise production up to the capacity levels of 1.3 million tonnes. Mr ...
Reuters reported that prominent UAE group Al Ghurair had no intention yet of selling its half ownership of Ras Lanuf, Libya's biggest refinery but also had not decided whether to go ahead with investing another USD 2 billion. Mr Essa Al ...
Tags: refinery, oil refining capacity, oil, Oil Company
The Singapore Exchange plans to introduce an iron ore futures contract next month in a bid to retain and attract more US clients faced with tougher rules in trading over the counter derivatives The plan by SGX, which clears the bulk of ...
Tags: iron ore, iron ore futures, iron, ore
According to the State Statistics Committee of Russia, in the January to October period of the current year Russia's exports of iron ore decreased by 4.1% compared to the same period of last year to 21.022 million tonne, worth a total of ...
Tags: iron ore exports, iron ore, coal, semi coke
We are pleased to inform you that Schouw & Co., parent company of Martin Professional, has entered into an agreement with the global infotainment and audio company HARMAN International Industries to sell Martin to HARMAN. The transaction is ...
Tags: Audio Giant Harman International Industries, LED, Lighting
Rio Tinto Alcan announced it expects to spend USD 528 million over the next 3 years developing is new South of Embley bauxite mine located near Weipa in Queensland’s Far North. The project’s developers have commenced meetings ...
Tags: Embley bauxite mine, mine, Embley bauxite
Reuters reported that Shanghai rebar futures climbing on Friday to levels last seen in August after data showed China's factory activity picked up pace in December. The most active rebar contract for May delivery on the Shanghai Futures ...
Tags: Steel rebar, Steel, rebar futures, rebar
Iron ore producer BC Iron said that its USD 190 million deal with Fortescue Metals to boost output to 6 million tonnes will not be affected by any sale of Fortescue's infrastructure assets. Fortescue Metals Group said that it was in ...
Tags: iron ore, BC Iron, Fortescue Metals, infrastructure assets
Closely held International Base Metals Limited has secured AUD 30 million cornerstone investment from China as it looks to develop a copper mine in southern Africa. IBML, advised by Azure Capital also hopes to use some of the funds raised ...
Tags: Chinese miner, copper mine, mining assets, Metals
Chinese mining group MMG Ltd estimated total capital costs of its Dugald River zinc-lead-silver mining project in Australia will hit AUD 1.49 billion(USD 1.57 billion)with production starting a year later than expected. The company said ...
Tags: MMG, Dugald River project, zinc lead silver mining, Chinese mining group
Dana Gas has announced the detailed terms, conditions and implementation information for the refinancing transaction in relation to its USD 1 billion 7.5% Sukuk al Mudarabah due on October 31. The lock up and standstill agreement has been ...
Tags: Dana Gas, Gas, debt refinancing
Railway Gazette The Inter-American Development Bank announced on December 5 that it had approved a USD 200 million loan to fund construction of Quito's first metro line,due to be completed in 2016. The mass transit system is expected to ...
Tags: loan, Metro, Inter-American Development Bank
Saudi Arabia began aluminium production at its first smelter built through JV between the Saudi Arabian Mining Company and US giant Alcoa. Mr Khalid al Mudaifer president & CEO of Maaden said that "Today we see the first aluminium ...
Tags: aluminium production, aluminium, giant Alcoa, alumina