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Chinese Steel Demand To Peak In 2024; Ebb Slowly -Analysts

Chinese Steel Demand To Peak In 2024; Ebb Slowly -Analysts

Τετ, 14 Ιουλίου 2010 - 18:58

Chinese steel demand will peak in 2024 in a range of 700-800 kilograms per person, doubling the per capita level of use in 2008 of 375 kg, and then decline only slowly in following years, according to an analysis on China's metal intensity use presented Wednesday by Westpac Banking Corp. (WBC.AU) senior economist Huw McKay.

Rio Tinto: 2Q Iron Ore Output 43.6M Metric Tons, Down 2% On Year

Rio Tinto: 2Q Iron Ore Output 43.6M Metric Tons, Down 2% On Year

Τετ, 14 Ιουλίου 2010 - 18:58

Iron ore production by Rio Tinto Ltd. (RIO.AU) fell 2% in the second quarter of 2010 compared with the same period last year, but improved 1% from the first three months of the year, to 43.6 million metric tons, the company said Wednesday.

EU-US to Collaborate on Rare Earths

EU-US to Collaborate on Rare Earths

Τετ, 14 Ιουλίου 2010 - 13:41

The US Congress and the European Parliament could hold parallel hearings and produce a joint communiqué on crucial raw materials as part of efforts to cooperate on areas of strategic interest, according to a senior Washington policymaker.

Exxon Offshore Projects Could Benefit From Oil Spill -Analyst

Exxon Offshore Projects Could Benefit From Oil Spill -Analyst

Τρι, 13 Ιουλίου 2010 - 18:53

The tragic Deepwater Horizon oil spill in the Gulf of Mexico could give Exxon Mobil Corp. (XOM) the opportunity to become the operator on many of its offshore joint venture projects on advantageous terms that will add value to the company through larger equity stakes in exchange for handling operations, says Fadel Gheit, analyst at Oppenheimer & Co.

BP Starts Test To Determine Success Of New Cap

BP Starts Test To Determine Success Of New Cap

Τρι, 13 Ιουλίου 2010 - 18:53

BP PLC (BP, BP.LN) will perform tests Tuesday to see if the recently placed sealing cap has the ability to shut in the well that is gushing oil into the Gulf of Mexico, a company vice president said.

Kazakhstan Slaps Chevron, Eni Projects With Duty

Kazakhstan Slaps Chevron, Eni Projects With Duty

Τρι, 13 Ιουλίου 2010 - 18:53

Kazakhstan Tuesday revived export duties on oil and confirmed the Karachaganak project and the Tengizchevroil project involving Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) will be required to pay.

Abu Dhabi Crown Prince Says Mulling BP Investment

Abu Dhabi Crown Prince Says Mulling BP Investment

Τρι, 13 Ιουλίου 2010 - 18:52

Abu Dhabi is considering making an investment in BP PLC, the oil-rich emirate's Crown Prince Sheik Mohammed bin Zayed Al Nahyan said, Bloomberg News reports Tuesday.

Bulgaria Faces EU Anger over Wind Energy Restrictions

Bulgaria Faces EU Anger over Wind Energy Restrictions

Τρι, 13 Ιουλίου 2010 - 13:30

The European Commission may launch an infringement procedure over limitations on projects for producing energy from wind-energy sources, the Bulgarian wind-energy association has warned, Sofia News Agency wrote.

Enel Opens Worlds 1st 16MW Hydrogen-Run Plant

Enel Opens World's 1st 16MW Hydrogen-Run Plant

Δευ, 12 Ιουλίου 2010 - 18:45

Enel SpA (ENEL.MI) Monday said it opened the world's first hydrogen-run power plant as the Italian utility beefs up its green credentials ahead of the planned multibillion-euro sale of its renewables unit set for the fall.