Investments

Thursday, April 8th 2010 - 23:20 UTC
Indian-UK company develops multi-billion iron ore project in Brazil

Dow Jones reported that Indian-owned UK based Zamin Resources has one major iron ore project under way in Brazil and is keen on developing others in the country and neighboring Uruguay.
Thursday, April 8th 2010 - 22:24 UTC
Surface drilling company confirms magnetite project in Uruguay

Cougar Metals NL announced it has entered into a memorandum of understanding with Indian owned UK based Zamin Ferrous Resources to provide 75,000 metres of surface drilling at the resource company’s magnetite project in Uruguay.
Thursday, April 8th 2010 - 18:13 UTC
British Airways and Iberia en route to Europe’s second largest airline group

British Airways and Spanish carrier Iberia have taken a further step towards creating Europe's second-largest airline group after signing their long-awaited merger deal. The merger, which they expect to complete in late 2010, will yield an airline with 408 aircraft and carrying more than 58 million passengers a year.
Wednesday, April 7th 2010 - 01:09 UTC
Falklands’ Desire describes Liz well as “promising”; confirms drilling campaign

Following the announcement of a gas discovery in the North Falklands Basin, Desire's Chairman Stephen Phipps describes the ‘The Liz’ well as, “complex and highly encouraging” and sufficiently promising to continue with the drilling campaign in Falklands’ waters.
Friday, April 2nd 2010 - 00:04 UTC
Desire Petroleum plc - Drilling Update

Desire Petroleum Plc (AIM:DES) the oil and gas exploration company, wholly focused on the North Falkland Basin, wishes to provide a further drilling update on the Liz 14/19-1 Exploration well, where wireline operations are continuing.
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.,