#Jakarta. #Medco Energi Internasional, Indonesia’s largest listed #Oil and #Gas company, plans to acquire 76 percent of #Gold miner #Newmont Nusa Tenggara, a unit of #US mining giant Newmont, for an estimated $2.2 billion by next month.
Read more at: http://jakartaglobe.beritasatu.com/business/medco-eyes-2-2b-majority-stake-newmonts-indonesia-unit/
#Nickel makers in #China including #Jinchuan Group Co., the country’s largest supplier of refined metal, plan to gather on Friday to discuss measures to respond to the lowest prices in 12 years, including possible cuts to supply, according to people with knowledge of the event.
The meeting in #Shanghai will also include representatives from nickel pig iron makers including #Tsingshan Holding Group Co., according to the people, who declined to be identified because the planned gathering is private. There’s not any guarantee yet that action will be agreed, according to the people.
Read more at: http://www.bloomberg.com/news/articles/2015-11-25/china-nickel-makers-said-to-plan-meeting-to-weigh-cuts-amid-rout
#Nickel is the key metal mined in #Sudbury. While #Vale and #Glencore have not announced any layoffs locally, smaller mining companies in Sudbury — including #KGHM and First Nickel — have already cut back production and reduced their workforces.
Read more at: http://www.thesudburystar.com/2015/11/24/sudbury-watches-as-nickel-slides-even-further
The biggest thing that the #DOE does is #Nuclear #Defense, which makes up nearly two thirds of its total budget. This includes everything from managing our stockpile of nuclear weapons and providing the Navy with the reactors that power our submarines and aircraft carriers. It is also one of the key agencies involved with non-proliferation.
The next big line item is science programs, which takes up nearly a quarter of the total DOE budget, or just over $5 billion. This encompasses legendary laboratories like #Oakridge, #Argonne, #Fermilab and #SLAC, just to name a few. These are crucial for maintaining our national scientific excellence.
#Israel based start-up #Xjet plans to bring the world’s first direct-metal #3DPrinter based on jetting technology to market in 2016, according to the #TimesOfIsrael.
Read more at: http://www.fool.com/investing/general/2015/11/21/worlds-first-inkjet-metal-3d-printer-launch-2016.aspx
#Australian miner #Lynas Corporation said it is striving for price stability in the volatile #RareEarths market, moving to fixed contracts and other arrangements with a number of customers rather than continuing to “play at the rare earths price casino”.
Lynas chief executive #AmandaLacaze told shareholders at today’s annual general meeting the company was facing a new set of challengers in the 2016 financial year, after a tough slog of improving internal operations over the prior fiscal period.
Read more at: http://www.theaustralian.com.au/business/latest/lynas-to-avoid-rare-earths-price-casino/story-e6frg90f-1227619245297
Atomic-level imaging of catalysts by #Scientists at the Department of Energy’s Oak Ridge National Laboratory (#ORNL) could help manufacturers lower the cost and improve the performance of emission-free #FuelCell #Technologies.
Read more at: http://phys.org/news/2015-11-ornl-microscopy-captures-real-time-view.html#jCp
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