Belgium’s rough diamond trade totaled $1.69 billion in February. Gross rough diamond exports leaped 162.2 percent to $904 million, delivering 10.79 million carats of industrial and gem-quality diamonds.
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on Thursday that BP has also agreed to sell Devon a 50 per cent stake in its Kirby oil sands interests in Alberta, Canada, for $500 million. The deal gives BP the entry into Brazil which Chief Executive Tony Hayward has long eyed. However, Devon’s assets
BP has also agreed to sell Devon a 50 per cent stake in its Kirby oil sands interests in Alberta, Canada, for $500 million, it said. The parties will form a 50-50 joint venture, to develop Kirby, to be operated by Devon. (Reporting by Tom Bergin
Published by the government of Zimbabwe Harare INDUSTRIAL Development Corporation South Africa is reportedly exploring for coal mining opportunities in Zimbabwe as offshore firms jostle for space ahead of the announcement of fresh mining legislation
[miningmx.com] — The Competition Tribunal on Wednesday unconditionally approved the merger between Optimum Coal Holdings, Optimum Koornfontein Investments and Main Street 431. Optimum/OKI intend to purchase from Siyanda Resources, Twin Cities and
MANILA, Philippines – Top Philippine electricity producer National Power Corp. (Napocor) said on Thursday it will hold a tender on April 7 to import 50,000 tons of steam coal for its Naga-Cebu plant.
ArcelorMittal, the world’s largest steelmaker, aims to boost iron ore production from its own mines by over 50% in the next five years, the company’s head of mining says. Current Font Size: Photograph by: Anonymous Credit: AP Related
MELBOURNE, March 11 (Reuters) – Australian stocks slipped into the red on Thursday afternoon, pulled down by the top miners after China’s consumer inflation spike stoked fears its government would move soon to further curb bank lending. At 0404 GMT, the
(PRWeb.com via COMTEX) — Company: Solar Power Inc (SOPW) Arosa Solar, a NJ solar (http://www.arosaenergy.com/commercial.html) power company, hosted a solar energy exhibition at Lakewood Cheder, a local private school. The company educated students and
March 11 (Bloomberg) — Asian stocks rose, sending the MSCI Asia Pacific Index toward a seven-week high, as speculation Japan’s economy is recovering outweighed concern China will pare back measures that boosted growth. Mizuho Financial Group Inc.,
SINGAPORE – Gold regained some strength on Thursday after falling to its lowest in nearly two weeks the previous day, although poor technicals and failure to sustain recent gains may spur selling, traders said. Bullion has seen a series of corrections
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Bonanza commenting on the commodity for bullion and energy segment said the following:
The All Ordinaries index edged down 4 points, to 4,826 and the ASX 200 slipped 6 points to end at 4,814. Top miner BHP Billiton dropped 0.5 per cent to $43.01, and shares in Rio Tinto lost 0.3 per cent to $75.55. However, shares in Atlas Iron finished
Princeton, New Jersey-based NRG Energy has been selected by the US Department of Energy (DOE) to receive up to $154m (£103m) to build a post-combustion carbon-capture demonstration unit at its WA Parish coal-fired power plant south west of Houston in
From Business24-7.ae: Most commodities have now enjoyed a long period of sustained increased prices, recovering well in advance of the global economic recovery. Indeed, many commodities did not suffer any significant contraction in prices even in the
From Agrimoney.com: Glencore warned of “continued volatility” in commodities markets as it unveiled a 43% slump in annual earnings, in a statement which again raised the possibility of a stockmarket flotation. The commodities trading giant said that,
Tokyo commodity exchange: modifications related to introduction of new trading system (1) Precious metals prices rise on bargain buying (1) India may resume trade in four commodities futures (1) Precious metals, energy prices fall (1) Db
From Marketwatch.com: It is the emotion that a diamond purchase is laced with and not its investment prospects that is the right reason to buy jewels. “There are many places where you can put your money where your returns are more immediate and much
From Investorschronicle.co.uk: European investors will now be able to get exposure to Chinese A-shares, via a db x-tracker exchange-traded fund (ETF) that tracks the performance of the CSI 300, an index that replicates the performance of the 300 most
From Reuters: Swiss bank UBS has launched a series of 69 exchange-traded notes on the London Stock Exchange track the performance of the UBS Bloomberg Constant Maturity Commodity Index (CMCI) and its sub-indices. The notes will reflect underlying price