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Copper Climbs on Signs of Increased Demand Mine Result in China
Copper rose for a second day in London on speculation that demand for the metal will strengthen in China, the world’s largest user. Lead jumped 10 percent.
China’s copper imports rose 29 percent in September, the country’s customs office said yesterday. Merrill Lynch & Co. forecasts China’s copper demand will increase 9 percent next year from [...]
Two Biggest Mining Companies After Merge, An Ambition Becomes The Biggest Mine Company In World
Marius Kloppers is determined to win his $127bn battle to merge BHP Billiton and Rio Tinto, but must beat regulatory hurdles – and Rio’s opposition. Ruth Sunderland met a late starter who could become one of the globe’s most powerful men.
Marius Kloppers, chief executive of mining giant BHP Billiton, could be the patron saint of [...]
Company to show off uranium centrifuge
In a building far from public view in the tree-covered hills of southern Ohio, the company that recycles uranium from Russian warheads for fueling U.S. nuclear power plants is preparing to demonstrate an advance from Cold War technology.
USEC Inc., which last month began interior construction on its American Centrifuge Plant some 65 miles south of [...]
To cash dig for the money coal
The PLANS to probe the true cost to reopen wells finally could convince of the ministers if his interesting to connect on the reservations of the coal of the North-East.
The experts of extraction as regards area examine now how much money cash would cost necessary to develop a deep mine to reach the massive unexploited [...]
Canadian Stocks Fall as Crude Oil Prices Slide; Encana Retreats
Canadian stocks retreated for the first time in five days, as falling oil prices signaled that profits at energy companies such as EnCana Corp. may decline in the event that demand drops.
There’s hesitation on commodity prices — no one has a handle on where they are going, and they may be subject to further weakness,” [...]
Staffing Is Main Constraint to Oil Output, Schlumberger Says
The biggest constraint to expanding global oil and gas production is a lack of trained younger and mid-career workers in the oil industry, said the head of the world’s largest oil-field-services company, Schlumberger Ltd.
The U.S., Canada, Russia and the Middle East have the largest supply deficits in “petro-technical” staff while China, India and Indonesia have [...]
Germany’s Coal Industry Faces Closures and Job Losses
Germany’s coal mining industry — already facing the end of government subsidies — was hit by a further blow this weekend when it was revealed that financial discrepencies could lead to mine closures and job losses.
Once a cornerstone of German industry, the country’s depleted coal mining network’s bleak future became even more uncertain after a [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
EU Commission to Present Energy Plan
An energy crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the near future.
The 1970s oil crisis gave Western countries a glimpse of what life is like when the energy supply isn’t [...]
