It’s been quite some time since I last blogged over the goings on in the resource sectors. That’s why today, I attempt to make it up to you by looking at a few key announcements which, lest you spot the clues, may offer a thinly veiled nod to what is coming up in our September issue next week.

Firstly, to BP’s Macondo Oil Spill. Have they plugged the leak? Yes? No? Yes again? Well, apparently not permanently just yet. The operation to beat the leak once and for all over at the Deepwater Horizon rig has succumbed to a few setbacks. It seems that equipment needs to be replaced before BP can pump cement into the well for the finale. Whilst the slick has been staved since July 15, it looks like we will have to wait until some point in September to see this story closed shut. That gives certain activists in the U.K. at least another fortnight to douse people with molasses.

On a happier note, just the other week Australia’s third largest iron ore miner and all-round pioneer Fortescue Metals Group announced that it has signed a six-year long provision of mining services deal with Downer EDI for $3 billion. The week before, Downer struck a $2 billion deal with BHP/Mitsubishi for a project in Queensland’s Bowen Basin. It’s uplifting to see such exciting deals and development potential coming about amidst the whirling uncertainty over Australia’s federal election and, irritatingly, the potential for the MRRT to stick around, taking place right now. If comments made at Diggers and Dealers over in Kalgoorlie are anything to go by, these next few hours could prove absolutely crucial for the nation’s mining industry. IRJ wishes all the best to our friends over in AUS as they approach the voting booths.

Over here in London, there are words of enthusiasm from our friends at RenewableUK following announcements on the Deputy Prime Minister’s plans for a Green Deal. The deal, in essence, will try to make the most of business and employment potential spurred in unison with the U.K.’s increasing commitment to a renewable/clean energy future.

The other breaking stories we’re watching closely this coming week include that astounding International Power/GDF Suez deal, Vedanta’s pursuit of Cairn Energy India, the flurry of solar companies suddenly offering free panels, Rio’s continued efforts to rebuild its jolted relationship with China —you get the idea.

Have a great weekend all,
Nuala Gallagher
Editor