SINGAPORE — Japan’s Nippon Steel & Sumitomo Metal Corp. and China’s Baoshan Iron & Steel Co. Ltd. (Baosteel) will invest 1.1 billion yuan ($178 million) to build a fourth hot-dipped galvanizing line for their joint venture in Shanghai.
“This is a major investment for capacity increase following the third hot-dip galvanizing line, which was put into operation in 2010,” the Japanese steelmaker said Sept. 5.
Indonesia remains the top destination in the Southeast Asian region for corporate expansion, according to a survey released on Thursday, despite the many challenges companies cited in conducting business here.
The survey, carried out by the American Chamber of Commerce in Singapore (AmCham Singapore) and the US Chamber of Commerce, said corruption was “overwhelmingly” identified as the greatest drawback in Indonesia.
http://www.thejakartapost.com/news/2013/08/23/indonesia-still-top-investment.html
NEW DELHI, Aug. 22 (UPI) — In a relentless search for coal to bolster domestic supplies, Coal India Ltd. is investigating sites in Australia. State owned CIL is also interested in possible coal assets in Indonesia and Colombia.
Emerging-market stocks rebounded from a one-month low as an increase in Chinese (SHCOMP) exports lifted commodity producers from Vale SA to KGHM Polska Miedz SA.Brazil’s Ibovespa (IBOV) led gains among global equity indexes.
The MSCI Emerging Markets Index added 0.9 percent to 946.56 at 2:15 p.m. in New York. Vale, the world’s largest iron-ore maker, drove the Ibovespa to the biggest advance among 94 world stock gauges. Poland’s copper producer KGHM posted the biggest jump in a month, while Magyar Telekom Nyrt. surged to a three-week high in Budapest after profit at the telecommunication-service provider beat estimates. Brazil’s real rebounded from a four-year low to lead advances in developing-nation currencies.
London (Platts)–7Aug2013/1108 am EDT/1508 GMT
Demand for South African coal exports is expected to remain strong past 2040, with continued strong interest from India and Asia for coal for power stations currently under construction, according to the South African Coal Roadmap (SACRM), which was officially released Tuesday.
TORONTO (miningweekly.com) – Regional energy infrastructure developer and operator TransCanada on Thursday announced that it would proceed with its proposed 1.1-million-barrel-a-day Energy East pipeline that would transport crude oil from Western Canada to Eastern Canadian refineries and export terminals.
http://www.miningweekly.com/article/transcanadas-12bn-energy-east-pipeline-to-proceed-2013-08-01
DOHA (Reuters) – OPEC member Qatar will ask firms to tender for a 1,800 megawatt (MW) solar energy plant in 2014 costing between $10-20 billion as the world’s highest per capita greenhouse gas emitter seeks to increase its renewable energy production.
The U.S. Department of Energy’s National Energy Technology Laboratory issued the following news
Technology Holds Promise for Helping Reduce CO2 Emissions and Meet Climate Change Challenge
http://www.fossil.energy.gov/news/techlines/2012/12036-Novel_Sorbent_Meets_Goal.html
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