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DIVERSIFIED MINERS

Glencore Xstrata Q1 results show solid performance from metals division Restricted

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The newly merged Glencore Xstrata group on Monday posted combined first-quarter 2013 production results, which saw the metals and minerals division delivering solid results, despite some softening in prices towards the end of the quarter. The...
13th May 2013
 
 
Mozambique

Natural resources continue to drive Mozambican economy and attract foreign interest Restricted

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Foreign direct investment (FDI) in Mozambique hit a record level last year, with most of it directed at the natural resources sector, the Bank of Mozambique has revealed. The FDI figure for 2012 was $5.218-billion, more than double the amount of...
10th May 2013
 
 
OIL & GAS

CNOOC acquires additional 40% QCLNG interest Restricted

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Liquefied natural gas (LNG) major BG Group this week signed a binding agreement with China National Offshore Oil Corporation (CNOOC) for the sale of a A$2-billion stake in the Queensland Curtis LNG (QCLNG) project, as well as the supply of an...
9th May 2013
 
 
OIL & GAS

CME welcomes Canning Basin Bill Restricted

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The Western Australian Chamber of Minerals and Energy (CME) this week welcomed the state government’s introduction of the Natural Gas (Canning Basin Joint Venture (JV)) Agreement Bill. The Bill ratified the Canning Basin JV signed by the state...
9th May 2013
 
 
OIL & GAS

Santos calls for regulatory stability Restricted

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The chairperson of oil and gas major Santos has called on the Australian government to maintain regulatory stability in the country, ensuring future investments. Speaking at the annual general meeting, chairperson Peter Coates noted that...
9th May 2013
 
 
OIL & GAS

Carbon Energy signs UCG deal in China Restricted

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ASX-listed Carbon Energy has signed a memorandum of understanding (MoU) and definitive technology services agreement to become the exclusive underground coal gasification (UCG) technology partner for a government-approved project in China. Under...
8th May 2013
 
 
MINING FINANCE

Po Valley signs new financing agreement Restricted

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Emerging oil and gas explorer Po Valley Energy has completed a €20-million lending facility with the London branch of South Africa’s Nedbank Group. The new five-year term facility replaced Po Valley’s current facility with Lloyds Bank,...
6th May 2013
 
 
M&A

Shareholders asked to wait on Cauldron decision Restricted

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The directors of takeover target Energia Minerals have told shareholders to hold off on taking action on a takeover offer from fellow listed Cauldron Energy. Cauldron was offering Energia one of its own shares for every eight Energia shares held,...
6th May 2013
 
 
 
 
 
 
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