Company Announce: Xstrata Preliminary Financial Results 2008 and Production Report 2008

Attached please find a press release on: Financial information is presented in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the European Union. The reporting currency of Xstrata plc is US dollars.

Norilsk appoints Grand Duke Romanov as advisor

Norilsk Nickel, the world's biggest producer of nickel and palladium, has appointed Russia's Grand Duke Georgy Romanov as advisor to the group's general director. Romanov, who claims to be a descendant of Russia's Imperial family, will represent...

Refined copper deficit was 54 000 t in Jan to July – study group

Global consumption of refined copper exceeded supply by 54 000 t between January and July this year, according to preliminary data from the International Copper Study Group (ICSG). This compares with a deficit of 89 000 t during the same period a...

Energy-efficient motor programme enters second year

State-owned power utility Eskom’s demand side management (DSM) programme, which encompasses the energy efficient motors (EEM) programme, is well underway, says Eskom EEM project manager Oren Prato, as the second year of the project begins.

Daily podcast – October 6, 2008

In today's podcast: Sasol expresses "profound regret" that its European paraffin wax subsidiary had violated European Union competition law, BHP Billiton says that power shortages in South Africa have caused a decline of 8,2% total production at...

Poland targets clean coal technologies to reduce carbon footprint

The Polish government is focusing its efforts on clean coal technology, with the aim to comply with reducing its carbon footprint by 20% by 2015, however, the lack of funding and investment is a challenge that is slowing down the process, says...

Clean coal technologies in South Africa

Eskom’s coal-fired power stations are the mainstay of the South African economy and 93% of the country’s electricity production needs are met by coal, reports Creamer Media’s Research Channel Africa.

Local coal market makes global impact

While South Africa is ranked as the fourth-largest exporter of hard coal in the world, Creamer Media’s Research Channel Africa reports that the price of coal is influenced by the economics of supply and demand.

Jan to May copper deficit narrowed - study group

Global refined copper demand outpaced supply by 155 000 t in the first five months of this year, compared with a production deficit of around 240 000 t in the same period of 2007, according to figures published by the International Copper Study...

Diamond market retains its glitter

Diamond production has increased about 9% in the past five years, according to the New York-based World Diamond Council, as mining companies have hurried to find new deposits to meet soaring demand, reports Creamer Media’s Research Channel Africa.

Digging for darkness

In 2006, global coal production was 5,37-billion tons, with the largest coal producing country in that year being China (2,48-billion tons), followed by the US (990-million tons), India (427-million tons), Australia (309-million tons), and South...

Eskom to subsidise energy-efficient motors

State-owned power utility Eskom says its subsidy on energy-efficient motors will change the face of power use in industry.