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By: Martin Creamer Updated 1 hour 33 minutes ago Diversified major Glencore has managed to scale the low commodity price hurdle with significant help from its marketing arm. The London- Hong Kong- and Johannesburg-listed company, which produces and markets 93 commodities, went against the grain with its surging agricultural business yielding... →
By: Reuters Updated 2 hours 18 minutes ago Zambia's kwacha weakened nearly two percent against the dollar on Tuesday in a technical correction as traders remained wary of a row between the government and mining firms over royalties. By 1000 GMT, the kwacha was trading 1.74% weaker against the dollar at 7.0050. →
By: Reuters Updated 4 hours ago Mongolia has been ordered to pay about $100-million to Canada-based Khan Resources Inc as compensation for cancelling its uranium licences in a long-awaited decision from an international tribunal. Khan Resources took Mongolia to international arbitration four years ago after the government... →
By: Ajoy K Das Updated 4 hours ago India is likely to shift to a new oil and gas exploration and production licensing regime as the auction process adopted fails to live up to expectations. The New Exploration and Licensing Policy’s (NELP's) tenth round would be the last under which the government had already earmarked 42 blocks... →
By: Esmarie Swanepoel Updated 4 hours ago The Minerals Council of Australia (MCA) has criticised the Australian Workers Union’s (AWU’s) resolution demanding a Parliamentary inquiry into majors BHP Billiton and Rio Tinto’s iron-ore practices in the Pilbara. At its conference in the Gold Coast, the AWU passed a resolution condemning the... →
By: Esmarie Swanepoel Updated 4 hours ago Coal developer Cokal has received an unsolicited nonbinding and incomplete offmarket takeover offer from Indonesia’s PT Cakra Mineral Tbk (CKRA). Cokal said on Tuesday that CKRA was offering to acquire all the issued securities in the company for either cash or its own shares. →
By: Esmarie Swanepoel Updated 4 hours ago An upsurge in Australian liquefied natural gas (LNG) exports by the end of 2015 was expected to exert downward pressure on Asian spot prices, advisory firm Wood Mackenzie (Woodmac) said this week. In its new quarterly analysis of global LNG fundamentals, Woodmac said that the softening in Asian... →
By: Esmarie Swanepoel Updated 4 hours ago Declining commodity prices could dump Queensland’s engineering construction sector into the doldrums, with the Queensland Major Contractors Association warning that the current downturn in the sector was only the tip of the iceberg. In its 2015 Major Projects Report, the association forecast... →