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Steel Producer JFE Steel Corp To Invest 50 Billion Yen at Coal Mines In Queensland, Australia
JFE Steel Corp. Is the largest steel manufacturer in Japan is planning investments worth 50 billion yen in the coal mines owned Qcoal Pty.. Coal mines located in Queensland, Australia. JFE Steel Investment in this coal mine will provide the right shares by 20 percent.
Read morePhelps Dodge Unveils Deal To Buy 2 Canadian Rivals
Phelps Dodge Corp. announced an agreement to acquire Canadian mining companies Inco Ltd. and Falconbridge Ltd. in a roughly $40 billion deal that would thrust the combined company into the ranks of the industry’s giants.
All three companies’ boards have approved the transaction.
If completed, the deal would create the largest mining company based in North America, [...]
Copper extraction left a toxic pool in Butte, but some see a source of tourism and cures
This land was once “the Richest Hill on Earth.” Home to vast mineral wealth, Butte was one of the most storied mining towns, providing one-third of the nation’s copper for the dawning electric age more than a century ago.
Today that hill has a hole, a toxic abyss framed by a gash where the land [...]
Storm Cyclone Gonu make drop oil price in trading
Though Cyclone Gonu was headed toward Oman’s east coast, the country’s major oil installations are not directly in the storm’s projected path. They continued to operate but took precautionary measures as Gonu approached.
Saudi Arabia’s government issued a statement saying the cyclone would have no “direct effect on the central and eastern parts of the kingdom.”
Light, [...]
Brazil’s Petrobras, Partners Buying Ipiranga for Nearly $4 Billion
Brazil’s state-run oil company Petrobras and two partners announced a deal Monday to buy Ipiranga, the No. 2 fuel distributor and refiner in Latin America’s largest nation, for nearly $4 billion (3 billion euros) in cash and stock.
Petroleo Brasileiro SA and chemical company Braskem SA will pay about $2.4 billion (1.8 billion euros) in cash, [...]
