Investments

• Friday, July 2nd 2010 - 03:32 UTC

  BP Argentine assets on sale to pay for Gulf of Mexico spill; China interested

  

  China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.

• Thursday, July 1st 2010 - 07:26 UTC

  Lula da Silva signs bill for the capitalization of Petrobras

  

  The bill governing the capitalization of Brazilian energy giant Petrobras was approved Wednesday by President Lula da Silva. It is the first step to establish the new regulatory framework for exploiting crude oil under the pre-salt layer of the continental seabed of Brazil.

• Thursday, July 1st 2010 - 07:08 UTC

  Argentina prepares to begin drilling in Malvinas basin in second half of 2010

  

  Towards the end of the year Argentina’s YPF in association with Pan American Energy and Petrobras will begin exploring for oil in the Malvinas basin, following the contract for an oil rig which has been signed, according to oil industry sources in Buenos Aires.

• Thursday, July 1st 2010 - 07:03 UTC

  Japanese group secures iron-ore supply with stake in Brazilian steel foundry

  

  Usinas Siderurgicas de Minas Gerais SA, Brazil’s second-largest steelmaker, agreed to sell a stake in its mining and railroad businesses to Sumitomo Corp. for 1.93 billion US dollars before a possible share offering in the unit.

• Monday, June 28th 2010 - 05:35 UTC

  NZ Farming needs 60 million USD to complete dairy investment in Uruguay

  

  New Zealand Farming Systems Uruguay needs to raise about 60 million US dollars to complete the development of the company, says Chairman John Parker. The company was set up to develop dairy-farm operations in Uruguay and floated on the NZX in 2007.

• Saturday, June 26th 2010 - 07:41 UTC

  Investing in Panama: An exclusive Report from Alternative Latin Investor

  

  Alternative Latin Investor (ALI), the first and only online news source to provide information on alternative investments in Latin America, has just released an in-depth report on the Panamanian investment environment.

• Saturday, June 19th 2010 - 02:46 UTC

  Brazil opens steel mill, largest private sector investment in 15 years

  

  Brazilian President Lula da Silva, mining giant Vale Doce CEO Roger Agnelli and ThyssenKrupp CEO Ekkehard Schulz inaugurated on Friday Brazil's newest steel mill, Cia Siderurgica do Atlantico (CSA).

• Monday, June 14th 2010 - 04:21 UTC

  India’s giant iron ore project in Bolivia stalled; China also interested

  

  Bolivia and India’s Jindal Steel & Power one of the world’s leading steel manufacturers are scheduled to sign an addendum to the contract for the exploitation of the Mutún iron ore reserves with the purpose of unlocking the “lack of investments” according to Mines minister Jose Pimentel.

• Tuesday, June 8th 2010 - 16:23 UTC

  Falklands’ Rockhopper raises £48.5 million to fund more offshore drilling operations

  

  Rockhopper Exploration announced on Tuesday it had raised £48.5m from the stock market to fund its drilling operations off the Falklands Islands. Last week Rockhopper revealed that its first well in the North Falkland Basin, called Sea Lion, had found much more oil than expected.

• Saturday, June 5th 2010 - 08:25 UTC

  Exclusive premium farms’ project in Uruguay wins British Architects award

  

  KallosTurin Architects have won an international award from the Royal Institute of British Architects, RIBA, for the design and construction of two farm houses in an environmental friendly residential development in one of Uruguay’s most fashionable resorts.