Archive for October, 2008
Business briefs October 31
* The State Securities Commission (SSC) recently approved Dinh Vu Steel Joint Stock Co to offer 112,705,484 ordinary shares at 10,000 dong par to the existing shareholders to [...]
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Stock market marks 3rd consecutive increase to 347.05 pts
Ending the last trading session of a week as well as of this month, the Vietnam’s stock market today October 31 continued increasing after many gloomy sessions, marking [...]
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Stocks calm on Fed rate cut, mild American GDP report
Wall Street showed some welcome signs of stability Thursday Oct 30, taking a downbeat gross domestic product report in stride and driving the Dow Jones industrial average up [...]
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Total to keep up investment despite credit crisis
Total SA chief executive Christophe de Margerie said Wednesday the French oil company will continue to invest in oil projects over the medium to long-term despite the global [...]
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Two Mindanao provinces review mining applications
Compostela Valley and Davao Oriental, where most of the region’s active mining operations are located, are reviewing mining exploration applications in a bid to [...]
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Otto Energy announces first crude oil sale from Galoc field
Otto Energy Limited (ASX: OEL.AX)(PINK:OTTEF) is pleased to provide an update by Galoc Production Co (GPC), operator of the Galoc Field located offshore Palawan, regarding [...]
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KGHM to seek copper in Laos, eyes Chile and Peru
Poland’s state-controlled copper miner KGHM wants to explore for copper in Laos and is looking for partners to jointly buy an open-pit mine in Chile and Peru, its [...]
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PetroVietnam may cut crude output target this year
State-owned PetroVietnam wants to lower its crude oil production target this year due to problems with exploitation, especially regarding overseas oil fields, state media [...]
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Newmont profit drops as copper sales from Indonesian mine slump
Newmont Mining Corp., the largest US gold producer, said third-quarter profit fell 51% after copper sales from its Batu Hijau mine in Indonesia slumped. Net income dropped to [...]
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Ashmore to raise Petron stake to 90%
UK investment manager Ashmore Group will exercise its right to raise its stake to 90% in oil refiner Petron Corp., but it may turn around and sell a portion to San Miguel [...]
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Carnarvon tests positive at Na Sanun well onshore Thailand
Carnarvon reported that the NSE-D1 well has tested at 710 BOPD in the Pan Orient-operated Na Sanun East oil field development programme onshore Thailand. NSE-D1 is a vertical [...]
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AGL agrees US$800m sale of PNG oil, gas assets
AGL Energy Ltd, Australia’s biggest power and gas retailer, said it agreed to sell its oil and gas interests in Papua New Guinea, including a 3.6% stake in a planned [...]
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Philippines Petrochemicals Report Q3 2008
The key development facing the Philippines’ petrochemical industry in H208 is the privatisation of a 40% stake in the national oil producer Petron, which according to [...]
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PTT expects similar Q3 profits to 2007
The energy giant PTT Plc expects nine-month earnings to be in line with last year, even with the recent sharp declines in global crude oil prices. PTT president Prasert [...]
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Philippines province approves exploration plan by Itogon-Suyoc Resources
The municipal government has approved a proposal of the Itogon-Suyoc Resources Inc. to conduct mining exploration in Barangay Ampucao, this town. The exploration is intended [...]
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