Investments

Thursday, April 1st 2010 - 05:53 UTC
Falkland Islands: Investors lose fortunes as oil shares plummet

LOCAL investors – reputedly one in ten of the population – saw the value of their oil shares plummet this week as Desire Petroleum confirmed media speculation that the first oil found by the Ocean Guardian rig was of poor quality.
Wednesday, March 31st 2010 - 02:14 UTC
Main traders agree on quarterly contracts for iron ore, but no mention of China

Two of the world's biggest mining companies have agreed landmark deals with Asian steel mills to buy iron ore on quarterly contracts. The deals could mark the end of annual contracts that have formed the basis for pricing in the steel industry for decades.
Vale and BHP Billiton said the new system was fairer and more transparent.
Saturday, March 20th 2010 - 01:25 UTC
China and Rio Tinto will jointly develop massive iron ore deposits in Guinea

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.
Tuesday, March 16th 2010 - 04:58 UTC
Rio Tinto/Alcan presents project for 2.5bn aluminium smelter in Paraguay

Rio Tinto Alcan, a unit of global mining giant Rio Tinto formally presented on Monday plans to invest 2.5 billion US dollars in an aluminium smelter in Paraguay, according to corporation and Asuncion sources.
Monday, March 15th 2010 - 11:16 UTC
Chinese oil firm buying 50% stake in Argentine group

China National Offshore Oil Corporation (CNOOC) is paying $3.1bn (£2bn) for a 50% stake in Argentine oil and gas group Bridas Corporation. Cnooc Ltd.,
Friday, March 12th 2010 - 00:59 UTC
BP gets a hold of Brazil’s oil potential buying out US Devon Energy

British Petroleum has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for 7 billion US dollars, as the US producer refocuses on onshore US fields.
Tuesday, March 9th 2010 - 22:33 UTC
Russian company sets up sturgeon farm in Argentina to produce caviar

The Russian company Sturgeon & Caviar is set to begin in coming weeks the production of caviar in the Argentine northern province of La Rioja according to local government sources.
Friday, February 19th 2010 - 00:17 UTC
China investing heavily in long term supply resources projects in Latinamerica

China’s voracious appetite for Latinamerican commodities is turning into a great opportunity for companies in the region not only because of the huge market but also as a great financial source.
Monday, February 15th 2010 - 06:35 UTC
World’s largest cargo aircraft lands in Sao Paulo

The world’s largest cargo aircraft and the largest fixed-wing, Russia’s Antonov AN 225 landed over the weekend in one of Sao Paulo’s airports, Guarulhos loaded with equipment for Brazil’s oil and gas government managed corporation Petrobras.
Saturday, February 13th 2010 - 07:30 UTC
Chevron and Repsol will lead development of Orinoco tar sands

Chevron and Repsol YPF SA will lead development of two 15 billion US dollars projects to pump and refine Venezuelan crude after winning the country’s first oil auction since President Hugo Chavez took office 11 years ago.