Anglo-Australian mining company Rio Tinto announced it has signed a deal with China to develop a massive iron ore mine in West Africa. China's state-backed metals group Chinalco will pay 1.3 billion US dollars for 47% of the Simandou project in Guinea.
With less than a week for the election of a new Organization of American States Secretary General, OAS, international analysts consider as “almost certain” the re-election of Chile’s Jose Miguel Insulza, although they do not discard a last minute “artificial” or protest candidate.
A Falkland Islands delegation is on its way to Brussels for the annual Forum for Overseas Countries & Territories of the European Union, which will be attended by representatives of all 21 EU Overseas Countries & Territories, reports the Falklands Legislative Assembly
Speculation was mounting this week on news of a potential oil strike as a promised announcement from hydrocarbons exploration company Desire Petroleum grew closer.
Marking a break from established policy, the Chilean government is considering the opposition’s proposal to increase the mining royalty tax. Government ministers are currently studying the implications of a tax increase, the money from which would be used to aid in earthquake reconstruction.
Argentine Foreign Affairs minister Jorge Taiana said on Thursday that there has been progress in creating the “political and diplomatic conditions” for the United Kingdom to understand the need for negotiations on the Falkland Islands sovereignty.
Petrol prices could reach an eye-watering 120 pennies per litre later this year, the AA is warning. The organisation is claiming that unleaded fuel could even top the price, equivalent to £5.41 a gallon, and Alistair Darling is being urged to delay the introduction of a planned 3p increase in petrol duty due to come in on April 1.
A small percentage of King Penguins in a variety of locations around the South Georgia Island are suffering from disease, possibly avian pox, reports the latest edition of the South Georgia Newsletter.
Haiti will need 11.5 billion US dollars to rebuild after the devastating earthquake in January, the country's government estimates. The amount is a rough estimate of money required for a complete overhaul of the impoverished country, officials say.
The president of the European Parliament has sharply condemned Cuba for arresting a group of women, all of them relatives of political prisoners, who were demonstrating in Havana on Wednesday.