Investments

Monday, June 18th 2012 - 07:32 UTC
Peru announces 28bn dollars in mining projects despite growing social unrest

The Peruvian government has approved private mining projects worth 28 billion dollars out of 52 billion dollars of projects planned over the next five years, Peru's Energy and Mines Minister Jorge Merino said.
Monday, June 18th 2012 - 00:56 UTC
Chile’s ENAP recovers oil concession revoked when Argentina seized YPF from Repsol

Chile's state-owned oil and gas company ENAP, Empresa Nacional del Petroleo, recovered the Southern Argentine concession revoked in March by Chubut province, when the dispute over YPF, ENAP said in a statement Friday.
Friday, June 15th 2012 - 03:26 UTC
Mexican billionaire Slim holds 8.4% of re-nationalized YPF shares

The family of Mexican billionaire Carlos Slim owns 8.4% of YPF shares, Argentina's recently re-nationalized oil and gas company said in a filing with the US Securities and Exchange Commission on Thursday.
Thursday, June 14th 2012 - 18:35 UTC
Falkland Islands Holdings sees “significant opportunities” with hydrocarbons industry

London’ AIM quoted international services group Falkland Islands Holdings has raised eight million pounds following a subscription for shares by Blackfish Capital, an investment fund, reported the company in a release.
Thursday, June 14th 2012 - 13:31 UTC
JBS meat giant planning to expand in the cattle-rich state of Mato Grosso

Brazilian beef processor JBS SA is reportedly planning to lease four slaughterhouses in Brazil, three of which may be in the cattle-rich state of Mato Grosso, according to Brazilian news outlets Wednesday citing anonymous sources.
Monday, June 11th 2012 - 05:34 UTC
Major Indian steel company readies plans to scrap huge mining project in Bolivia

India's Jindal Steel & Power said on Saturday it was making plans to scrap a 2.1 billion dollars steel project in Bolivia, saying the Bolivian government had not met contract terms that include supply of natural gas for the project.
Friday, June 8th 2012 - 21:06 UTC
Fitch downgrades Repsol rating to BBB- on fears of YPF seizure impact

Repsol, the Spanish oil producer whose Argentine unit YPF was nationalized in April, was cut to the lowest investment grade by Fitch Ratings, the first downgrade since reducing dividends to shore up its finances.
Friday, June 8th 2012 - 20:35 UTC
Artefacts from controversial 1804 wreck stored in Gibraltar returned to Spain

Archaeological artefacts recovered from a controversial wreck and stored in a warehouse in Gibraltar were handed to Spanish authorities this week. The items were recovered by Odyssey Marine Exploration in 2007 from the wreck of “Nuestra Señora de las Mercedes”, a Spanish galleon that sank off Portugal in 1804.
Friday, June 8th 2012 - 01:35 UTC
China interested in a trade agreement with Mercosur reveals Uruguay

China has offered Mercosur to consider the possibility of negotiating a free trade agreement revealed Uruguay, when the South American block is going through one of its worst moments ever so distant from the integration process pledges of 1991.
Wednesday, June 6th 2012 - 04:28 UTC
YPF unveils plan to invest 35bn dollars in five years with he help from partners

Argentina's state-controlled energy company YPF will need to invest 35 billion dollars to boost falling natural gas and oil output by more than a quarter by 2017, the new chief executive said on Tuesday in Buenos Aires.