Investments

Investments
Thursday, February 3rd 2011 - 23:39 UTC

World leading plywood company to double exports from Uruguay’s mill

The mill close to the Uruguayan town of Tacuarembo

Shipments of Weyerhaeuser’s Lumin plywood to Europe will double in 2011 following a large investment at the company’s mill in Uruguay.

Thursday, February 3rd 2011 - 23:02 UTC

Falklands’ “Ocean Guardian” oil rig operational capabilities upgraded

Drills and other equipment in Stanley’s oil companies’ storage

Oilfield equipment specialist Titan Torque Services has secured a six-figure contract to provide support services for exploration work off the Falkland Islands in the South Atlantic. The company signed a one-year deal with well management company AGR Petroleum Services to provide torquing facilities in support drilling rig “Ocean Guardian” operations.

Tuesday, February 1st 2011 - 17:53 UTC

Falklands’ Desire with sufficient funds for oil drilling round and 3D surveying

Ninky prospect waiting for “Ocean Guardian”

Falkland Islands Desire Petroleum announced Tuesday it has sufficient funds to complete the programmed round of six well drillings, additional 3D seismic surveying and demobilization costs at the end of the campaign.

Tuesday, February 1st 2011 - 13:37 UTC

World’s richest man says it is the right moment to invest in Latin America

Carlos Slim downplayed the negative impact of Mexico’s drug violence on business

Mexican telecommunications tycoon Carlos Slim announced plans to invest 8.3 billion US dollars this year in 19 countries where his companies have interests and underlined that given the international scenario, it is the right moment to invest in Latin America: “whoever doesn’t will be left behind”.

Sunday, January 30th 2011 - 21:16 UTC

Work Gets Underway on Amazonian Hydro Project

A license to build the world’s third largest dam in Brazil was approved by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA), despite 30 years of public opposition

Building will now begin on what will be the world's third-largest hydroelectric dam after Ibama, Brazil's environment agency, gave the go-ahead for the controversial $17 billion (£10.6 billion) project.

Sunday, January 30th 2011 - 21:02 UTC

Chinese Mega City For 42 Million People

The plan has been dubbed ‘Turn the Pearl River Delta Into One’

Chinese city planners have announced a plan to merge cities surrounding the Pearl River Delta to create the world’s largest metropolis with 42 million people

Thursday, January 27th 2011 - 12:28 UTC

Rockhopper executives in the Falkland Islands

Director of Mineral Resources  Mrs Phy Rendell

Representatives from Rockhopper Exploration are visiting the Falkland Islands this week. The company took over the rig Ocean Guardian from Desire on completion of their well, and Rockhopper’s well 14/10-3 (Sea Lion North) was spudded on January 13.

Wednesday, January 26th 2011 - 23:46 UTC

Brazil to Restrict Foreign Mining

Brazil’s recently sworn in government, is concerned about increasing foreign interests in its mining assets and is looking in to the possibility of restricting foreign purchases of mines, Folha de Sao Paulo reported.

Monday, January 24th 2011 - 20:41 UTC

Argentina to Begin Oil Exploration off Coast of Tierra del Fuego

The Normand Baltic  which is on route to southern Argentina

Argentine daily newspaper El Cronista on Monday reported that YPF will begin oil exploration in the Malvinas basin in February. The newspaper reports that exploration will begin 289 kilometres off the coast of Tierra del Fuego and cost U$ 150 million.

Monday, January 24th 2011 - 19:02 UTC

Merger Takes Place

Airline workers fear the merger will cost jobs

British Airways and Iberia have registered their merger, forming a holding company International Airlines Group SA.

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