A new arrangement in the mining bill which limits land for mining use may not spook potential mining investors, as long as the government provides legal certainty for the future of operations, an association says.
Indonesian Mining Association (IMA) executive director Priyo Pribadi Soemarno told The Jakarta Post on Monday that investors should not see the […]
Competition in the carbon and graphite products market is intense, particularly with regard to price, quality and service. Producers of graphite have regained their pricing power on account of global consolidation by numerous graphite electrode producers. Carbon products find application in areas including steel and aluminum production, glass making, aerospace industry, nuclear power, and electronics […]
Crude futures rolled past $115 a barrel, hitting a new record on concerns about how much gas will be available during the peak summer months. The weekly inventories report from the Energy Department’s Energy Information Administration (EIA) showed a much bigger decline in gasoline supplies than forecast by analysts surveyed by Dow Jones Newswires.
The report […]
OPEC’s forecast for a rise in global oil demand is unchanged this month from the March outlook: up 1.2 million barrels per day this year to an average 87 million barrels per day.
That compares with last week’s outlook from the International Energy Agency for a sharp drop in global demand.
The Organization of Petroleum Exporting Countries […]
Gasoline pump prices rose last week, but so did demand, according to a weekly survey by MasterCard SpendingPulse.
Demand increased 0.9 percent in the week ending April 11, compared with the week before. But looking at the comparable week from last year, demand was flat and remains near the bottom of the expected range.
“It’s not unusual […]
You could say Deutsche Bank analyst Mike Urban was swimming against the tide, after he downgraded several offshore drillers and said investors may be too focused on deepwater rigs and ignoring the risks in the shallow-water rigs those companies also operate.
Urban changed his ratings on Ensco International and Transocean to “Sell” from “Hold” and also […]
The 9th International Mining and Machinery Exhibition, organised by Confederation of Indian Industry (CII) In association with Ministry of Mines, Ministry of Coal, Government of India, focuses on the opportunities, both international and national, provided by the shift of mining companies towards customer satisfaction and expectations. It examines till the elements that make up The […]
Shares of most aluminum producers rose Monday as prices for the commodity rose, offsetting a warning from a Deutsche Bank analyst.
FBR Capital Markets analyst Amir Arif said in a client note that he is “most concerned about (Pittsburgh-based Alcoa Inc.), not so much on the expected first quarter 2008 results, but on second quarter 2008 […]
Cambrian Mining Plc. confirmed it is in talks with the independent executive directors of Coal International Plc. regarding a potential offer to acquire the issued share capital of Coal International not already owned by Cambrian.
The company said current discussions are focused on a share-for-share exchange, with the proposed ratio still under negotiation.
Japan’s Mitsui Mining and Smelting Co plans to produce 123,300 tonnes of zinc in the first half of the year ending in March 2009, up 10.9 percent from a year earlier.
The plan reflects an expected boost from Hachinohe Smelting Co, an affiliated zinc and lead smelter that had been under maintenance over the past year, […]