India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi.
Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over […]
March 24th, 2008 Tags: Africa, China, Coal, coal mine, Company, Delhi, electricity, electricity generation, electricity shortage, Energy, Export, Exports, fuel, High Commission, Hydro, India, Indian Government, International Monetary Fund, Kenneth, Kong, Market, markets, mine, mining, New Delhi, Nova, Ovations, Petroleum, Power, Resources, SHOULD CONSIDER, Solar, Trade, Trade and Industry, Water, Zambia
Aluminum Corp. of China, the country’s biggest aluminum maker, said Tuesday that its net profit fell 13.7 percent in 2007 due to lower product prices.
The company, also known as Chinalco, said its 2007 net profit fell to 10.2 billion yuan ($1.4 billion) compared with net profit of 11.8 billion yuan in 2006, it said in […]
March 19th, 2008 Tags: Alcoa, Alcoa Inc., Aluminum, China, Company, Earnings, Energy, Exchange, Hong Kong, Kong, Million Tons, mining, Price, Prices, Rio Tinto, Rio Tinto PLC, Shanghai, Shares, Trade, yuan
Asia faces the threat of higher inflation, slower growth and tougher times for exporters after oil prices hit new highs and the dollar plunged last week.
Farmers, miners and oil companies could benefit from high commodity prices. But most of Asia is dependent on imported energy and raw materials, and even some oil-exporting countries such as […]
March 18th, 2008 Tags: airline, America, Asia, Asian, bank, Beijing, China, Citigroup, Coal, Company, Crude Oil, crude oil price, crude oil prices, Deutsche Bank, Energy, energy costs, energy prices, Europe, Even oil, Exchange, Export, Exports, food, fuel, Gas, Gasoline, Gold, higher energy costs, higher oil prices, Hong Kong, HSBC, Indonesia, Iron Ore, Japan, Kong, Korea, Malaysia, Market, Marshall, mine, Miner, Miners, Mitsubishi, Oil, oil boom, Oil price, Oil prices, oil producer, oil producers, Palm oil, Price, Prices, PTT PCL, retail, retail price, retail prices, sands, Singapore, South Korea, Sri Lanka, state-owned oil, technology, Thailand, Tokyo, Toyota, Toyota Motor Corp., Treasury, United States, Vietnam, yuan
The miner based in Hong Kong, Citic Pacific, announced an increase of 30 per cent in the capital necessary to finance the development of its iron ore mine Pilbara. Citic Pacific Mining is developing a 5.2 billion dollar iron ore project 100 kilometres south-west of Karratha.
It is the largest operation planned magnetite mining and processing in […]
March 18th, 2008 Tags: America, Australia, Chairman, finance, Hong Kong, Iron Ore, Kong, Larry, mine, Miner, Mines, mining
World markets saw another day of turmoil and investor jitters Monday as Asian shares plunged, oil hit a fresh high and the dollar fell to a new bottom after the near-collapse of US bank Bear Stearns.
Dealers said an emergency cut by the US Federal Reserve to its discount rate and a weekend deal for JPMorgan […]
March 17th, 2008 Tags: Asia, Asian, bank, BP, central bank, Crude Oil, crude oil futures, crude oil price, crude oil prices, Daiwa Securities, Dow Jones, Export, Gold, Hong Kong, Investment Bank, Jones, JPMorgan, Kong, London, Market, markets, New York, Oil, oil futures, Oil price, Oil prices, Price, Prices, Seoul, Shanghai, Shares, Singapore, SUN, Sydney, Tokyo, Trade, US Federal Reserve, Wall Street
We are a diversified industrial group with interest in Mining and Financial Service, headquartered in Indonesia, with offices in Hong Kong and the Netherlands.Viewed: 15 timesLength: 05:22
March 5th, 2008 Tags: Hong Kong, Indonesia, Kong, mining, Netherland, The Netherlands
Singapore-listed Noble Group increased its stake in Australian coal miner Gloucester Coal Ltd. to 10.4 percent, the Australian company said Wednesday.
Noble Group announced late Tuesday in an announcement to the Singapore Exchange it had purchased a further 4.3 million shares of the Sydney-based company to raise its holding. Noble Group said it now holds 8.2 […]
June 28th, 2007 Tags: Australia, Coal, coal mine, coal miner, Company, Exchange, Gloucester, Hong Kong, Kong, Market, markets, mine, Miner, mining, Noble, Noble Group, Price, Prices, Shares, Singapore, Sydney, Xstrata, Xstrata PLC
Jiangxi Copper Co., China’s second- biggest producer of the metal, may say full-year profit more than doubled to a record as demand from power and construction industries boosted prices.
Net income may be 4.76 billion yuan ($616 million) in the 12 months to Dec. 31, from 1.87 billion yuan a year ago, based on the median […]
April 19th, 2007 Tags: bank, Beijing, Bloomberg, China, Company, Copper, Earnings, Eastern, electricity, electricity generation, Exchange, Hong Kong, Inco, Investment Bank, Jiangxi Copper Co., Kong, London, May Rise, metal, mine, Mines, Power, Price, Prices, Shanghai, Shares, Shenzhen, Trade, yuan
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history.
Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring […]
April 17th, 2007 Tags: Africa, ANZ, Asia, Asian, Australia, Australian Bureau of Agricultural and Resource Economic, bank, Beijing, BHP, BHP Billiton, BHP Billiton Ltd., Billiton, Bloomberg, Bumi, Bumi Resources, Chairman, Chen Biting, China, China Coal Information Institute, China’s coast, Coal, coal mine, coal miner, coal mining, coal producer, coal product, Company, Deutsche Bank, Deutsche Bank AG, Eastern, electricity, Energy, Europe, Exchange, Export, Exports, fuel, Germany, Gold, Goldman, Goldman Sachs, Goldman Sachs Group Inc., Gross domestic product, Group Inc., Henderson, Hong Kong, Hong Kong Stock Exchange, India, Indonesia, Investment Bank, Jakarta, Kong, Lee, Li Yizhong, London, Market, May Rise, Melbourne, Million Tons, mine, Miner, Mines, mining, New York, Newcastle, Oil, Peter Richardson, Pike, Power, power producer, Price, Prices, Purchases, Resources, Richard Price, Richardson, Rio Tinto, Rio Tinto Group, Russia, Shanxi, Shares, Shenhua, Shire, Singapore, South Africa, St. Louis, State Administration of Work Safety, Switzerland, Sydney, telephone, Tokyo, Tokyo Electric Power Co, Trade, Vietnam, Westminster Securities, Xstrata, Xstrata PLC, Yanzhou Coal Mining, Zug
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said first-half profit may rise more than 50 percent on increased sales of fuels and chemicals.
The forecast from Sinopec, as the Beijing-based company is known, came as it said first-quarter profit more than doubled from a year earlier. Net income climbed to 19.4 billion yuan ($2.5 […]
April 16th, 2007 Tags: Asia, Beijing, Bloomberg, chemical, chemical products, chemicals, China, CNOOC, CNOOC Ltd, Company, Crude Oil, crude oil price, crude oil prices, Earnings, Energy, energy prices, Environment, Exchange, fuel, Gas, gas exploration, gas price, gas prices, gas production, Gasoline, Hong Kong, Inco, Kong, Market, May Rise, Mexico, Million Tons, Natural Gas, natural gas production, New Mexico, New York, Oil, Oil and Gas, oil and gas exploration, oil costs, oil output, Oil price, Oil prices, oil refiner, OPEC, PetroChina, PetroChina Co., Petroleum, plastics, Price, Prices, Shanghai, Shares, Sinopec, Thomas, Upstream, yuan
The Aluminum Corp. of China said Monday it expects to sign a final agreement on a US$2.2 billion bauxite mine and alumina refinery project in northeastern Australia’s Queensland by the end of March. The company, the world’s second-biggest aluminum producer after U.S.-based Alcoa Inc., already had acquired “preferred developer” status for the Aurukun bauxite deposit.
Plans call […]
March 14th, 2007 Tags: Alcoa, Alcoa Inc., Aluminum, aluminum producer, Australia, Bauxite mine, China, Coal, Company, Eastern, Exchange, Guinea, Halco, Hong Kong, Hong Kong Stock Exchange, Kong, metal, mine, mining, National Coal Corp., Price, Prices, Queensland, Queensland Government, sands, Shares, Trade, Vietnam
East Asia Minerals Corporation reports drill confirmation of a laterally extensive in-situ leach uranium environment at its 100% owned Ooshin Govi Property in southeast Mongolia. The drilling intercepted a thick sequence of uranium bearing sands and has validated the continuation of the same radiometric anomaly that extends south from the adjacent Compagnie Generale des […]
March 13th, 2007 Tags: Amec, AREVA, Asia, Asian, CAMEC, Cameco, Clay, Company, CONSOL, Copper, corporate communications, Environment, Exchange, Exploration Company, Gold, Hawkins, Hong Kong, Indonesia, Kazakhstan, Kong, Mali, Mike, mine, Miner, Mineral, mining, Mongolia, sands, Shares, The TSX Venture, Toronto, Trade, Uranium, uranium miner, Vancouver, Water