GVM to Look at Mooiplaats Coal Project’s Feasibility

Coal and base metals company GVM Metals [JSE:NVM; AIM:GVM], which is quoted on London’s AIM and listed in Australia and Johannesburg, planned to start a feasibility study on its latest acquisition, the Mooiplaats coal project, during the current quarter, it said on Monday.
Camden is one of the mothballed power stations that Eskom has recommissioned to [...]

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Fortescue Metals Postpone Plans $ 15bn Investment to Develop Mining Projects in Australian

Plan gains tax increase that will apply to mining companies in Australia to have a fairly hard resistance from a mining company. Fortescue Metals, is one of the mining company will suspend mining investments amounting to $ 15bn. Analysts say the delay will be waiting for the certainty of profit tax law to be applied [...]

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Experts cautious on Malaysian oil pipeline

Oil industry players have given only cautious approval to Malaysia’s multi-billion-dollar northern pipeline project, citing slowing oil demand in the Asian region and cost concerns.
The owner of the project has said it will cost seven billion dollars over seven years to build, with the aim of transporting Middle East oil to East Asia by diverting [...]

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Norsk Hydro: Aasheim Leaves Corporate Management Board to Lead Integration Planning

Hilde Merete Aasheim leaves Hydro’s Corporate Management Board to concentrate on leading the planning of the integration of the company’s oil and gas activities with Statoil.
Aasheim, who has been in charge of Leadership and Culture in Hydro since 2005, will lead the merger integration planning team appointed today.
Following the completion of the merger, which is [...]

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Chinese Steel Companies Won’t Different Iron Ore Prices For Brazilian and Australian

China won’t accept different prices for Brazilian and Australian iron ore as it did last year based on freight rates, a top China Iron & Steel Association official said Tuesday.

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