#Newmont Mining Corp’s Indonesian #Copper export permit will not be renewed beyond Friday unless the U.S. miner submits a progress update to the government on its plans to develop a domestic smelter, a mine ministry official said.
Read more at: http://www.reuters.com/article/2015/09/18/indonesia-newmont-exports-idUSL4N11O2X420150918
The Global #Scandium Market is currently at a nascent stage. It is believed that with a reliable supply, demand could increase exponentially. Scandium, being an alloy, allows #Aluminum to be welded. Imagine #Airplanes without rivets, weighing 15-20% less.
Driven by the explosion of residential #SolarPower, the market for #HomeEnergy storage—which attracted little interest until earlier this year, when #Tesla announced its #PowerWallBattery —is suddenly looking crowded.
Read more at: http://www.technologyreview.com/news/541336/home-energy-storage-enters-a-new-era/
#SHANGHAI – #Chinese #RareEarth demand is likely to soar by more than 50% in the next five years, putting pressure on authorities to relax tough production quotas that have spurred illegal mining and rampant smuggling.
“Vale sees the opportunity to do something similar to what #Belllabs, #Xerox’s #PARC, and the #GEResearchLab did, only from a 21st century perspective.”
Read more at: http://www.forbes.com/sites/jonathansalembaskin/2015/09/14/vale-researches-the-context-for-its-innovation/
#MUMBAI: An improvement in ease of doing business coupled with gains from higher education levels and convergence in technology is expected to put #India on a higher growth trajectory, according to American financial services major #GoldmanSachs.
Russian indebted coal and steel producer Mechel reported on Friday a $34 million net profit for the second quarter after a $273 million net loss in the previous quarter, booking its first quarterly profit since 2012.
Read more at: http://www.reuters.com/article/2015/09/11/russia-mechel-results-idUSR4N11002120150911
The latest gadget from #Samsung, Galaxy Note 5, was assembled in #Indonesia using both local and imported components. “We are proud to say that the Galaxy Note 5 is made in Indonesia,” said #Samsung Electrics Indonesia IT and mobile business marketing director Vebbyna Kaunang on Friday as quoted by #Antara news agency.
See more at: http://www.thejakartapost.com/news/2015/09/11/samsung-assembled-galaxy-note-5-indonesia.html#sthash.g2jepusu.dpuf
#Jinchuan Group Co. Ltd, China’s top #Nickel producer and third-biggest #Copper producer by capacity, has cut production of the two metals since Tuesday because of problems in a sulphur facility, the company said on Friday.
Read more at: http://www.reuters.com/article/2015/09/11/jinchuan-china-idUSL4N11H2T320150911
#BankOfMontreal has agreed to buy #GE Capital’s transportation finance unit, boosting the Canadian lender’s U.S. commercial banking business and adding one more Canadian name to the list of buyers for GE Capital’s assets.
“Given our strong capital position, we had the flexibility to take advantage of this unique opportunity to grow our commercial customer base,” said Bill Downe, BMO’s chief executive officer.
Read more at: http://www.theglobeandmail.com/report-on-business/bmo-to-acquire-ge-transport-finance-unit/article26316588/
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