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Government of China Agrees Takes Over OZ Australia Minerals
Planning agent of economics China, National development and Reform Commission ( NDRC) has agreed Government of China $12 Minmetals billion taking over mine OZ Australia Minerals.
Australian Mining Company, Gleneagle Gold Ltd. Plans Major Coal Mining Companies in South African
Australia’s Gleneagle Gold Ltd plans to become a major player in South African coal after acquiring interests in the Waterberg coal field that contains about 50 percent of the country’s known reserves.
Eskom Holdings Meets Coal Producers in Cape Town To Discuss Coal Mine Prices
Eskom Holdings Ltd., South Africa’s state power utility, is meeting coal producers in Cape Town today to discuss prices and establish a group to improve co- operation after low stocks of the fuel contributed to a national power shortage last year.
Copper Mine May Rise to Between $1.60 a pound and $1.70
Copper may not rebound past $2 a pound after an international credit crisis hammered speculators, according to Santiago Gonzalez, Chile’s mining minister.
European wind companies grow in U.S.
New worries about the environment, technology advances and tax break extensions are empowering European wind energy companies to try their luck in the United States.
The U.S. has led the world in installing new wind turbines for the past two years, but it still ranks behind Germany and slightly below Spain in wind power production, according [...]
Africa’s new colonialists?
When China signed trade deals worth $1.9bn with African countries last November, without any conditions on reforms and human rights, a German development official warned Africans they risked becoming Chinese subjects.
“Our African partners really have to watch out that they will not be facing a new process of colonisation,” Karin Kortmann, Parliamentary State Secretary at [...]
Venezuela, Oil Producers Buy Euro as Dollar, Oil Fall (Update1)
Venezuelan leader Hugo Chavez is directing a growing share of the country’s oil profits into euros as the dollar and crude prices fall.
The dollar, down 9.5 percent against the euro this year, may face more pressure in 2007 because Venezuela and oil producers from the United Arab Emirates to Indonesia plan to funnel more money [...]
Black gold dreaming
When Chad became an oil producer its needy people anticipated benefiting from the incredibly profitable industry. Instead, the World Bank has frozen the country’s wealth in London bank accounts. Edmund Sanders reports.
When Chad became an oil producer its needy people anticipated benefiting from the incredibly profitable industry. Instead, the World Bank has frozen the country’s [...]
