#Jakarta. Despite #Indonesia already having several plants and government plans to develop the #Geothermal industry, progress has been stalled by legal protocols and a lack of funding, the #WorldBank says.
Read more at: http://jakartaglobe.beritasatu.com/business/legal-protocols-lack-funding-stall-geothermal-development-indonesia/
Commodities trading firm #Glencore Plc on Monday said it is set to announce fresh plans to cut its $30 billion in net debt, as it called a trading halt on its #HongKong shares.
Read more at: http://www.reuters.com/article/2015/09/07/glencore-debt-idUSL4N11D0QN20150907
#BHP iron ore boss #JimmyWilson pledged in October last year that the miner could beat Rio on costs over the “medium term” and claim its coveted mantle as the cheapest exporter of #IronOre to China, as he outlined a three-year plan for the business. Mr Wilson said “with annual sustaining capex of approximately $US5 a tonne over the next five years, we aim to be the lowest-cost supplier to #China on an all-in cash basis”.
#Graphene could soon be protecting airliners from lightning strikes, with #British company #Haydale winning a contract to investigate practical uses for the “wonder material”.
Metals company #Alcoa Inc said on Thursday it will invest $60 million to expand its research and development center in #Pennsylvania to explore ways to make #3DPrinting viable on an industrial scale to produce parts for the #Aerospace, #Automotive and construction sectors.
Read more at: http://www.reuters.com/article/2015/09/03/metals-alcoa-idUSL1N1181N620150903
After “rigorous analysis,” #RioTinto, the world’s second-biggest miner,reaffirmed Chinese crude-steel output will reach about 1 billion metric tons by 2030. #BHP now forecasts production to peak in the mid-2020s at between 935 million tons and 985 million tons, down from as much as 1.1 billion tons.
Read more at: http://www.bloomberg.com/news/articles/2015-09-03/rio-keeps-1-billion-ton-china-steel-output-after-bhp-cuts-view
The largest exporter of unwrought nickel to the country was #Russia. The imports from Russia totaled 36,408.3 mt, accounting for more than 75% of the total imports by the country during the month. In second place was #Canada with 2,484.6 mt, followed by #Australia with 1,483.0 mt. The #UnwroughtNickel imports during the initial seven month period of the year totaled 150,087.1 mt.
Read more at: http://www.metal.com/newscontent/77123_chinese-customs-releases-nickel-import-statistics-for-july-2015
He said construction of a #NickelSmelter would need huge investment and long process of planning and preparations.
“Investors, therefore, would need legal certainty and consistency in government policy in ban on exports of #NickelOre,” he said.
Relaxation in the policy would discourage investment to build smelter and badly dent the confidence of investors, he said.
Read more at: http://www.antaranews.com/en/news/100259/government-asked-to-be-consistent-in-mineral-export-ban
#Jakarta, Sept 1 (Reuters) – #Indonesia will keep its export ban on #Nickel ore, contrary to recent media reports suggesting the country may relax curbs to prop up its slowing economy, senior government officials said.
Read more at: https://uk.finance.yahoo.com/news/indonesia-keep-ban-nickel-ore-120730595.html
Rare earth companies in #China and #Japan are reportedly interested in buying some of bankrupt #Molycorp Inc.’s assets.
Read more at: http://www.bizjournals.com/denver/news/2015/09/01/chinese-japanese-buyers-reportedly-interested-in.html
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