CNOOC announced that they have signed a PSC with PetroBroad Copower CNOOC Limited announced that the China National Offshore Oil Corporation (CNOOC), its parent company, has signed a PSC or a production sharing contract with PetroBroad Copower Limited (PetroBroad Copower) to do work for Block 28/03 in Pearl River Mouth Basin.
Industrials
Amarc Can Increase Controlling Interest in JV, Says JV Amendment
Accoriding to an ammendment, Amarc can increase controlling interest in the joint venture. An amendment to the ZNT and Galaxie joint venture was announced by Amarc Resources Ltd.
Fiat Agrees to Invest in Van Partnership with Peugeot
Fiat SpA and PSA Peugeot Citroen came to an agreement that would allow them to make new delivery vans in Italy.
Batista Halts Mine Operations to Save Empire
Billionaire Eike Batista halted operations in iron-ore mine Corumba to save his empire’s commodities.
Wits Gold Offers ZAR950 Million for South Africa Mine
Wits Gold offered Great Basin Gold Ltd. ZAR 950 million though a stockholder loan for its Southgold unit.
Latest News
Azimuth changed its board members prior to Troy Resources' takeover. Azimuth Resources Limited, a company involved in the exploration of gold and uranium in Guyana, announced that there would changes its board members prior to Troy Resources Limited's takeover of the company.
British Land announced its acquisition of a west London office complex over a deal priced at GBP470 million.
Panasonic Corp decided to close its Hungarian solar cell plant after the yen weakened and would transfer its equipment to other plants in Asia.
General Motors wanted to compete with Japanese auto-makers who dominate Indonesia by launching its no-frills Spin van.
After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.
ZMDC is considering getting listed at the Zimbabwe Stock Exchange, said the mines minister. (Photo : Reuters)These are flags of Zimbabwe. The government of Zimbabwe is considering listing its state controlled interest mining vehicle Zimbabwe Mining Development Corporation on the Zimbabwe Stock Exchange.
EBX Group's shares were considered worthless as the company officially breaks up today. (Photo : Reuters)This is Eike Batista. The exit of Brazilian billionaire Eike Batistsa from MPX Energia officially started the collapse of his former industrial conglomerate giant EBX Group.
The African Development Bank conducted feasibility studies on Northeast African projects. (Photo : Reuters)This is the Nile River in modern times. African Development Bank's energy sector official Khalid Al Askari said today that the bank have conducted studies on a planned electricity link investment project spanning three countries - Ethiopia, Sudan, and Egypt.
Sindh chief minister urged foreign and local investors to invest in the region's several industries.
