Print2online CMS 4.0 http://www.internationalresourcejournal.com/ ©2007 CBJ http://www.internationalresourcejournal.com/files.php?file= http://www.internationalresourcejournal.com/ http://www.internationalresourcejournal.com/resource_news/3821.html Resource News Wed, 08 Feb 2012 01:19:00 -0600 IRJ – February 8 – Solar technology and equipment provider Novatec Solar has teamed up with ABB, the power and automation technologies leader, to enter South Africa’s burgeoning concentrated solar power (“CSP”) market, Wednesday. The companies have penned an agreement with South African independent power developer FG Emvelo, geared towards developing ‘high-efficiency concentrating solar power (CSP) plants at Karoshoek Solar Valley in Northern Cape http://www.internationalresourcejournal.com/resource_news/3820.html Resource News Tue, 07 Feb 2012 06:16:00 -0600 IRJ – February 7 – Discoveries of light sweet crude oil have been made at Sudan’s Block 6 project, majority held by China National Petroleum Corporation (“CNPC”) said Petroleum Minister Awad Ahmed Al-Jazz, Tuesday. Block 6, situated on the border of south Darfur and Southern Kordofan, has good commercial potential and will “help us get over the difficulties we’ve been through,” the Minister said http://www.internationalresourcejournal.com/resource_news/3819.html Resource News Mon, 06 Feb 2012 07:03:00 -0600 IRJ – February 7 – London-listed, Swiss-headquartered mining giant Xstrata Plc. (“Xstrata”) and commodities trading leader Glencore International Plc. (“Glencore”) have moved on a US$90 billion merger set to create a combined group ranking in at the number four spot of the world’s largest mining houses. The landmark deal, deemed a “merger of equals” by both parties, will see Xstrata shareholders receive 2.8 Glencore http://www.internationalresourcejournal.com/resource_news/3818.html Resource News Mon, 06 Feb 2012 07:12:00 -0600 IRJ – February 6 – Colombia has announced that it will extend its ban on receiving new mining license proposals in a bid to tackle a backlog of applications, according to Cesar Diaz, head of the Colombian Mining Chamber, Monday. Diaz says that the decision is, “negative because we're still being restricted, but on the positive side the government is strengthening institutions”. Originally, the http://www.internationalresourcejournal.com/resource_news/3817.html Resource News Mon, 06 Feb 2012 06:59:00 -0600 IRJ – February 6 – Australian explorer-developer Cape Lambert Resources Ltd. (ASX: CFE) (“Cape Lambert”) plans to list its wholly-owned Sierra Leone subsidiary Marampa Iron Ore Ltd. on London’s AIM by June, said director Joe Ariti at the Mining INDABA conference in Cape Town, Monday. Ariti said that the capital markets are open for business and Cape Lambert plans to raise A$500 million through http://www.internationalresourcejournal.com/resource_news/3816.html Resource News Sun, 05 Feb 2012 22:59:00 -0600 IRJ – February 6 – The proposed “merger of equals” between London listed Swiss groups, mining multinational Xstrata Plc. (“Xstrata”) and commodities trading giant Glencore Plc. (“Glencore”), hit headlines again, Monday, when it transpired that Glencore is set to make an offer for the miner at an eight per cent premium in order to secure a deal. Rumour has it that the $88 billion http://www.internationalresourcejournal.com/resource_news/3815.html Resource News Fri, 03 Feb 2012 07:06:00 -0600 IRJ – February 3– It looks like tumultuous discussions ahead for London listed coal producer Bumi Plc. (“Bumi”), as India’s Bakrie family and the Bumi shareholder company piloted by Indonesian businessman Samin Tan, Borneo Lumbung Energi & Metal (“Borneo”), have formally asked for U.K. financier Nat Rothschild (Bumi co-Chairman), co-founder James Campbell and Chief Executive Officer Ari Hudaya to be removed from the board. http://www.internationalresourcejournal.com/resource_news/3814.html Resource News Thu, 02 Feb 2012 22:45:00 -0600 IRJ – February 3 – London-listed oil and gas growth story Tullow Oil Plc. (LSE: TLW) (“Tullow”) saw its shares shoot up by more than three per cent upon announcements that the company has inked two new production licences, marking the end to a long-abated US$2.9 billion asset sale. The agreements, which see Tullow take two-thirds of its Ugandan assets towards a farm-down completion http://www.internationalresourcejournal.com/resource_news/3813.html Resource News Wed, 01 Feb 2012 23:01:00 -0600 IRJ – February 3 – IRJ COMMENT: The potential £50 billion (US$82 billion) merger-of-equals between Swiss commodities and mining neighbours Glencore International Plc (“Glencore”) and Xstrata Plc (“Xstrata”) is quite literally yesterday’s news now that early market indications have thrown mining multinational Anglo American (“Anglo”) into the mix. Rumours abound on whether Anglo may prove to be a future takeover target should the http://www.internationalresourcejournal.com/resource_news/3812.html Resource News Thu, 02 Feb 2012 03:29:00 -0600 IRJ – February 2 – South African miner Exxaro Resources Limited (EXX) announced Thursday that the A$0.51 per share takeover offer tabled by its subsidiary, Exxaro Australia Iron Investments Pty Ltd (Exxaro), for Africa Iron Limited is officially final. The offer terms state that the A$0.51 per share offer for Africa Iron will increase to A$0.57, providing Exxaro acquires at least 75 per cent The International Resource Journal