Investments

• Thursday, February 17th 2011 - 22:54 UTC

  Gold, silver, platinum soar on fears of growing inflation

  

  Gold rose Thursday to a one-month high as rising consumer prices in United States and the UK boosted investor demand for an inflation hedge. Silver touched a 30-year high.

• Wednesday, February 16th 2011 - 14:17 UTC

  Leading oil companies turn up at Uruguay Round II pre-bidding process

  

  Some of the world’s leading oil companies turned up at the Uruguay Round II informative session for operators interested in participating in the biding process for offshore exploration in Uruguay’s South Atlantic.

• Monday, February 14th 2011 - 21:10 UTC

  Indian company to begin Bolivian iron-ore exports; a million tons the first year

  

  India’s Jindal Steel & Power plans this year to export 1 million tons of iron ore concentrate from Bolivia’s El Mutun mine, the firm said. Following on some problems that have been overcome, exports will begin in March reported Jindal Bolivia’s communications manager, Eduardo Prudencio.

• Monday, February 14th 2011 - 14:48 UTC

  Rail alternative to the Panama Canal proposed by China to Colombia

  

  A rail alternative to the Panama Canal built by China is being considered by Colombia in a move that would boost trade between Asia and South America. The 220 kilometers 'dry canal' would link Colombia’s Atlantic and Pacific coasts by rail, according to Juan Manuel Santos, the president of Colombia.

• Saturday, February 12th 2011 - 05:17 UTC

  Brazilian shipyard wins Petrobras 4.6 billion contract for seven ultra-deep rigs

  

  Brazil's government managed oil and gas giant Petrobras said on Friday that local shipyard Estaleiro Atlantico Sul (EAS) had won the tender to build seven drilling rigs in Brazil.

• Friday, February 11th 2011 - 20:06 UTC

  Falklands’ Rockhopper latest well strikes quality reservoir and samples of live oil

  

  A well drilled by Rockhopper Exploration off the Falkland Islands struck a good quality reservoir that bodes well for further development in the area announced the UK explorer in a release.

• Friday, February 11th 2011 - 06:29 UTC

  Colombian oil and coal reserves attract Latam’s tycoons

  

  Carlos Slim considered by Forbes Magazine the richest man in the world said he’s seeking to boost his investments in Colombia because of the country’s open policy on oil exploration, its mineral assets and growing middle class.

• Thursday, February 10th 2011 - 01:11 UTC

  US plans 53 billion USD high-speed rail and intercity network investment

  

  United States unveiled a strategy to spend 53 billion US dollars on high-speed rail and intercity network over the next six years. It's a plan that will, according to Vice-president Joe Biden, bring the US closer to giving 80% of Americans access to high-speed rail in the next 25 years.

• Tuesday, February 8th 2011 - 21:17 UTC

  Ensco becomes the world’s second largest off-shore drilling company

  

  UK based oil drilling services company Ensco PLC said Monday it has agreed to buy US rival Pride International Inc. in a 7.3 billion US dollars cash and stock deal that will create the world's second largest off-shore drilling company.

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

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

  

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