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Mining Companies and Mining Industry Make It Plans To Growth
Following QBR’s report on financiers being hit-hard by the economic crisis, IBISWorld reports that mining is yet another of its top-10 industries to feel the repercussions of a market collapse.
Australian Mining Future and New Investment : China’s Looking For To Buy Mining assets in Australia
Australia said no Chinese companies have been told to withdraw applications to buy into Australian resource firms, despite media reports Canberra was pressuring China to back away from such investment.
China’s miners and steelmakers are looking to buy mining assets in Australia to lock in supplies of raw materials such as coal and iron ore to [...]
Oil prices put business travelers over a barrel
Once upon a time air travel was a luxury reserved for the rich and famous. With sustained oil prices over $100 per barrel, we may be headed that way again, and the impact on business travel could be enormous, as cash-strapped airlines raise prices, cut capacity and try to squeeze alternative revenue sources out of [...]
BHP-Rio deal and China to spur metals, mining M&A
BHP’s (BHP.AX) proposed bid for rival Rio Tinto (RIO.AX) and the rise of emerging market players, particularly China, will force further consolidation in metals and mining, industry experts told a conference this week.
At least three more transactions worth over $50 billion are likely by June, Ernst & Young’s Partner in Charge for Global Mining and [...]
Charges to Income Lead to Pogo’s First Quarter Net Loss;
In the first quarter of 2007, Pogo Producing Company (Nachrichten) reported a net loss of ($21,195,000), or ($0.37) per share, on revenues of $351,406,000, compared to first quarter 2006 net income of $67,471,000, or $1.18 per share, on revenues of $373,538,000. Discretionary cash flow in the first quarter of 2007 was $163,574,000, down from $192,261,000 [...]
Oil & gas to fuel UMW earnings
UMW Holdings Bhd expects the oil and gas sector, into which it began a serious push five years ago, to contribute a quarter to its bottom line for 2007 compared with 20% last year.
UMW managing director Datuk Dr Abdul Halim Harun said the greater contribution would come from the pipes plants in China and Malaysia [...]
Cuban Oil and Ethanol Could Prosper in Havana’s Hunt for Energy Supplies
• The pace is now quickening for the Cuban oil industry, whose previous dependence on Moscow for its supplies and operations ended with the demise of the Soviet Union
• Havana is on track for securing energy independence through relationships with foreign investors, including China and Venezuela, among others
• Venezuela proudly flaunts its involvement in the [...]
ata wants to mine South Africa’s chrome, manganese, coal and iron-ore
A new Indian force is about to enter the South African mining industry.
Indian diversified industrial giant Tata has announced that its sub-sidiary, Tata Steel, is investigatingopportunities to mine chrome, manganese, coal and iron-ore in South Africa.
The announcement was made at the official inauguration of theconstruction of Tata Steel’s R670-million high-carbon ferrochrome plant in the port [...]
ICIS insight Asia Launches India Petrochemicals Report
ICIS insight Asia, a division of ICIS, today launches a new India report that will focus on key developments in the country’s petrochemical industry.
“With India projected to emerge as one of the top five economies in the world in 2025, interest in the country is at an all-time high. India’s rapid economic growth in the [...]
