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Petrol And Coal Offset Iron Decline In Strong June Result
BHP Billiton has delivered stronger than expected June quarter results, with higher petroleum output, aided by a resurgence of Bass Strait oil production, and coking coal offsetting a fall in iron ore production.
China Oil Company, PetroChina Co. Reported First Time Drop Profit Since 2001
PetroChina Co., the world’s second- largest company by market value, posted its first drop in full- year profit since 2001 after refining losses widened fourfold and crude oil prices slumped.
Chinese Mining Exploration and Industry Future
Chinese industrial companies are being hit hard by the cooling economy and plunging commodities prices, with profit growth slowing sharply this year and more declines expected in 2009.
African Mining Project, China Firm to Invest $2.6 bln on Liberia Iron Ore Mine Exploration Project
A Chinese firm will make the biggest ever investment in Liberia when it signs a $2.6 billion iron ore deal in January, the West African nation says.
Subsidiary of Rio Tinto Cancel Aluminum Mine Exploration Investment in Saudi Arabia
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy.
Three Mining Companies Plans Cut Mining Exploration Job Amid Resources Downturn
Xstrata, Macarthur Coal and OZ Minerals – moved to cut jobs, as the resources downturn starts to threaten the broader economy.
One of the three, Macarthur Coal (mcc.ASX:Quote,News), also slashed its profit guidance and suspended dividends, sending its shares tumbling a record 22 per cent.
Land of endless potential
Thai investors need not look far for a big market and lucrative gains. The red carpet is about to roll out.
Indonesia, the most populous of the 10 Asean nations, continues to entice Thai companies to invest, offering a vast array of incentives that could help local companies build a foundation for future success.
