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Rio Tinto chief warns of more job cuts

07-May-2013 Intellasia | AFP | 6:00 AM

Rio Tinto chief Sam Walsh on Sunday warned of more job cuts as the mining giant works to make $5 billion in savings by the end of 2014, but he was upbeat about demand for [...]
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China says illegal rare earth production, smuggling still rife

04-May-2013 Intellasia | Reuters | 6:00 AM

Illegal production and smuggling still dog China’s rare earth industry despite a long campaign to clean up the sector, contributing to a supply glut that has depressed [...]
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Mongolia seeks bids to mine part of huge Tavan Tolgoi coal mine

04-May-2013 Intellasia | Reuters | 6:00 AM

Mongolia’s Erdenes Tavan Tolgoi has launched a tender for a contract to mine the west Tsankhi portion of the giant Tavan Tolgoi coal field, a top executive at the [...]
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UPDATE 1-Brent falls below $100 as China PMI disappoints

24-Apr-2013 Intellasia | Reuters | 6:00 AM

Brent crude fell below $100 a barrel on Tuesday after manufacturing data from China pointed to a lukewarm recovery in the second quarter, denting the outlook for fuel demand [...]
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Indonesia warns multinationals not to be greedy over resources

24-Apr-2013 Intellasia | Reuters | 6:00 AM

Indonesia’s president told major investors in his country’s natural resources not to be greedy, comments that suggest he is in no mood to row back on policies [...]
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Analysis: BP’s legal gamble may trim spill bill by billions

23-Apr-2013 Intellasia | Reuters | 6:00 AM

BP Plc’s attempt to get a US federal court to pin at least a sizeable amount of the blame for the Deepwater Horizon disaster on other companies may have saved it [...]
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Oil moves rise above $88 per barrel

23-Apr-2013 Intellasia | AP | 6:00 AM

The price of oil rose Monday as traders returned to commodities after big sell-offs last week. Benchmark crude for May rose 41 cents to $88.42 at midday Bangkok time in [...]
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Oil prices up in Asia on bargain hunting

23-Apr-2013 Intellasia | The Economic Times | 6:00 AM

Oil prices rose in Asian trade Monday as bargain-hunters moved in following a price plunge last week as investors waited for fresh economic data from China, analysts said. [...]
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China’s regulator approves Glencore-Xstrata merger

18-Apr-2013 Intellasia | AFP | 6:00 AM

A long-awaited merger between Swiss commodities trader Glencore with mining giant Xstrata has won a green light from China’s regulator, clearing a key final hurdle, [...]
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Hyundai Heavy to build FPSO for Chevron’s Rosebank oil, gas project

12-Apr-2013 Intellasia | Platts | 10:27 AM

South Korea’s Hyundai Heavy Industries has clinched a Won 2.16 trillion ($1.91 billion) deal to build a floating production storage & offloading unit for [...]
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Australia’s Woodside shelves $40b Browse LNG project

12-Apr-2013 Intellasia | Reuters | 10:26 AM

Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant after [...]
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Matamec Receives $774000 from Toyotsu

12-Apr-2013 Intellasia | Marketwire (press release) | 10:22 AM

Matamec Explorations Inc. (“Matamec” or the “Company”)(TSX VENTURE:MAT)(OTCQX:MHREF) is pleased to announce that the Company has received $774,000 CDN [...]
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Tepco boosts coal capacity to cut need for costly oil

12-Apr-2013 Intellasia | The Japan Times | 6:00 AM

Tokyo Electric Power Co. may cut its oil purchases by more than one-third as it boosts its reliance on coal plants to reduce an energy bill that’s ballooned since the [...]
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Malaysia to host Asian mining forum

12-Apr-2013 Intellasia | Bernama | malaysia-chronicle.com | 6:00 AM

Malaysia will host a two-day Asian Mining and Investment (AMEI) Forum and Exhibition in August to discuss funding opportunities and strategic partnerships in the Asian [...]
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Iron ore’s $250b glut pressures Rio to Vale

12-Apr-2013 Intellasia | Bloomberg | 6:00 AM

The world’s biggest iron-ore producers are planning $250 billion of new mines, threatening to deepen a price slump for the commodity already forecast to drop for at [...]
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