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Hunan Valin Iron & Steel Group To Invest in Fortescue Metals Group
Hunan Valin Iron & Steel Group executives said China’s sovereign-wealth fund may help finance expansion at Fortescue Metals Group Ltd. through debt rather than stock purchases, as the Chinese steel group became the Australian iron-ore miner’s second-biggest shareholder.
Oil and Gas Exploration Project Fall in Prices
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
Range iron ore projects future; Falls steel prices
Falling steel prices and a softening market weaved their way through an Iron Range Resources Board discussion about a project on Monday, Oct. 27.
Citizen Board Member Jack Ryan briefly questioned the potential impact of falling steel prices upon Iron Range iron ore concentrates production, planned by Magnetation, Inc.
Bolivia Mine Exploration To Expanded Control Mining Exploration
Bolivian President Evo Morales nationalized Bolivia’s main gas pipeline company, expanding his control over the Andean country’s natural resources one day after losing two regional referendums on his rule.
Morales issued a decree seizing the majority stake in Transredes Transporte de Hidrocarburos SA owned by Europe’s Royal Dutch Shell Plc and Ashmore Energy International. Bolivia’s state [...]
Russian Aluminum Tycoon Buys 25% of Nickel Giant
The aluminum tycoon Oleg V. Deripaska said Thursday that he had bought 25 percent of the Arctic mining company Norilsk Nickel, a deal that furthers Mr. Deripaska’s quest to consolidate the Russian metals and mining industry.
The transaction continues a pattern in Russia of uniting companies separated in the breakup of the Soviet Union and the [...]
Sunflower Electric Power Corp. Proposed Coal Plant
Kansas leaders say they’re in talks to avoid a standoff between the Legislature and the governor’s administration over a rejected coal plant, but a compromise remains elusive.
That’s because both Sunflower Electric Power Corp. and critics of its proposed plant refuse to budge. Gov. Kathleen Sebelius shows no signs of backing down, and neither do her [...]
Clean Coal Technologies To Become China’s ”Pollution Solution.
Two companies have signed a historic agreement that will apply leading edge American technology to solving China’s number one challenge – the pollution from coal-fired power plants, factories and household use. Clean Coal Technologies, Inc. (CCTI) of Florida, USA will join with Shanxi Poar Group, headed by CEO and General Manager Mrs. Guo Lihua, to [...]
Energy Industry Policy from APEC submit : Carbon Emissions Pricing System
Business Executives Plan to Push Pacific Rim Leaders to Create Carbon Emissions Pricing System.
Pacific Rim business leaders say governments must make polluting more costly to businesses and make investing in expensive energy-efficient technologies more attractive if they want to reduce global warming.
The business leaders are planning to suggest that the politicians gathered here for a [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
