APLNG secures $8.5bn in finance

ASX-listed Origin Energy and its joint venture (JV) partners ConocoPhillips and Sinopec have secured an $8.5-billion project financing facility for the Australia Pacific liquefied natural gas (APLNG) project. The project finance facility was...

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”.

China’s Sinopec ups stake in Australian LNG project

The joint venture (JV) partners in the Australia Pacific liquefied natural gas (APLNG) project would rake in some $1.1-billion as China Petrochemical Corporation (Sinopec) upped its stake in the project. ASX-listed Origin Energy and its JV...

Gabon to review China's Belinga deal, Vale hovers

Gabon is ready to review a 2006 deal it signed with a Chinese firm to develop the Belinga iron-ore project in the central African country, a government official said late on Monday. The move came soon after a delegation from Brazilian mining...

China should buy gold to hedge dollar fall - researcher

China should buy more gold because the dollar is poised for a fall and the metal is needed to support the greater international role envisaged for the yuan, a senior researcher with the ruling Communist Party said on Thursday. Li Lianzhong, who...