David Reading

Position: President & CEO of Aureus Mining Inc Main activity of company: Gold developers Date and place of birth: November 23, 1955, Oldchurch

State capitalism: Is it a rival to market capitalism?

Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal...

Is it a rival to market capitalism? And how does it affect the natural resources industries?

Since the start of the current global economic crisis in 2008, there has been renewed interest on the concept of “state capitalism” as distinct from “market capitalism”.

Creamer Media releases Liquid Fuels report

This report gives an overview of the global liquid fuels market, which includes a review of consumption and supply trends, prospects for global synthetic fuels and biofuels development, and has a particular focus on South Africa's liquid fuels...

A$2.5bn North West shelf expansion approved

The participants in the North West Shelf project on Thursday gave the go-ahead for the A$2.5-billion first phase of the Greater Western Flank (GWF) project, off the north-west coast of Australia. The GWF Phase 1 project would develop the Goodwyn...

Russia’s Renova mulling uplift of South African manganese business

The Russian Renova group is considering enhancement of its South African manganese operations, involving the possible integration of its Transalloys manganese smelter in Mpumalanga and its partly owned manganese mine in the Kalahari. It is...

Company Announcement: Jacka reaches agreement to acquire interest in offshore West Africa oil field

Jacka Resources Ltd is pleased to announce that it has entered into a Heads of Agreement with Providence Resources Plc whereby Jacka has agreed to acquire a direct equity interest in the Aje Oil and Gas field located in the petroleum licence OML...

BHP Billiton starts oil production in Gulf of Mexico

As the first company to bring a newly drilled well into production in the Gulf of Mexico, since a moratorium was enacted in May 2010, BHP Billiton Petroleum said on Tuesday it was producing about 17 000 bbl/d of oil in the Shenzi field....

Higher oil prices lift Husky's Q1 earnings

Husky Energy, one of Canada’s biggest oil sands producers, on Wednesday reported first-quarter earnings of C$626-million, a 70% rise compared with a year ago, after benefiting from non-core asset sales and slightly higher production. Output...

FROM POLLUTING THE GULF TO RISKING THE ARCTIC

Many in the world may be holding thumbs that British petroleum company BP does immensely less polluting of the pristine Arctic Circle than it did last year in the US Gulf of Mexico. With its share price still depressed from its Gulf misadventures,...

Castrol unveils fluid and lubrication management systems

International energy group BP reports that it’s lubricants specialist Castrol brand has introduced two new industry-tailored offerings, which aim to increase profitability and deliver specific fluid management needs.

Santos appoints VP for strategy, corporate development

Oil and gas producer Santos has appointed Peter Cleary as its vice-president (VP) for strategy and corporate development. Clearly was previously employed by petroleum giant BP, and was most recently the president of North West Shelf Australia...