Category: ResourceAsia
Rio Tinto chief warns of more job cuts
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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