Brazil's government-managed oil and gas corporation Petrobrás announced Friday its international 2009/2013 investment plan totalling 15.9 billion US dollars, of which 44% has been earmarked for allocation in United States and Argentina.
Kellog, Brown & Root, KBR, the engineering, construction, and services company, and its former parent, Halliburton, have agreed to pay a combined 579 million US dollars to settle US criminal and civil allegations that KBR bribed Nigerian government officials to obtain contracts.
Anglo-Australian miner Rio Tinto has announced that China's state-owned Chinalco is to invest a further 19.5 billion US dollars in the business. The move - China's largest investment in a foreign company - could see Chinalco increase its stake in Rio to 18% from the current level of 9%.
Four foreign companies are interested in mining lithium in Salar de Uyuni, the world's largest known deposit of that metal, with the aim of producing automobile batteries, a Bolivian government official said this week.
Brazil's government-managed oil and gas corporation Petrobras announced Wednesday its domestic Exploration and Production plan for 2009/2013 which involves 92 billion US dollars.
Brazil's Vale do Rio Doce may have paid too much for its purchase of iron-ore and potash assets from Rio Tinto Group, according to JPMorgan Chase & Co. and Banco Santander SA.
The Methanex group which operates in Magallanes region, next to Punta Arenas has decided to postpone the investment in a coal turbine, which would have helped re-route more natural gas to the actual methanol processing, according to the local press.
A shipwreck believed to contain more than a billion dollars of gold has been discovered at the bottom of the English Channel. HMS Victory, the legendary British warship which was the predecessor to Lord Nelson's Victory, sank during a storm in 1744, taking more than 1,000 sailors to their deaths
Anglo-Australian Rio Tinto Group is selling mining assets in Argentina, Brazil and Canada to Brazilian competitor Vale Doce for 1.6 billion US dollars in an attempt to reduce its 39 billion debt load y 10 billion. The group also admitted it was considering a big equity issue.
A pharmaceutical giant was created Monday after US drug maker Pfizer announced it would be acquiring Wyeth in a 68 billion US dollars merger deal that could spark hopes of further consolidation across the industry.