If the #London listed commodities trader and miner, #Glencore, is to avoid the same fate as the infamous #WallStreet bank, it will require the unwavering support of its largest shareholder, #QatarHoldings.
Will #NASA’s first #MartianColony be built from ice?
The agency has awarded the first place prize in its 3-D Printed #Mars Habitat Contest to the visually stunning #MarsIceHouse, a sleek structure that aims to harness the Red Planet’s liquid water and low temperatures to build a “multi-layered pressurized radiation shell of ice.”
#SNCLavalin said on Wednesday it has exercised its option to sell its 5 percent stake and the balance of its loans in the #Ambatovy #Nickel project in #Madagascar to #Japan’s #SumitomoCorp for approximately C$600 million (US$451 million) in cash.
Read more at: http://www.reuters.com/article/2015/09/30/snc-lavalin-ambatovy-sumitomo-idUSL1N1203E520150930
#Alcoa announced on Monday it will break itself in two, separating a faster growing #Plane and #Car parts business from traditional #Alumina and #Aluminum production as shareholders seek higher returns amid a commodity slump.
#BHP used a similar rationale for ring-fencing select operations in #Australia, #SouthernAfrica and #SouthAmerica into what became South 32 last May to concentrate on its most profitable commodities.
Read more at: http://www.reuters.com/article/2015/09/29/alcoa-split-bhp-billiton-idUSL3N11Z2FS20150929
There is concern in New Caledonia over the slump in nickel prices and the sharp drop of the share value of Glencore, which is a key stakeholder in the Koniambo nickel plant.
Glencore has lost about 15 billion US dollars in recent weeks and it is uncertain if it will fund major repairs of a furnace at Koniambo.
Read more at: http://www.radionz.co.nz/international/pacific-news/285698/concerns-in-new-caledonia-over-nickel-price
HOT STUFF:
In North America, the most recognisable brand for EVs had been technology pioneer #Tesla, which aimed to introduce a vehicle with a banner price of less than $30 000. #Chevrolet had followed suit, developing a new #Volt model that it also sought to sell at under $30 000.
In tandem, the number of major companies involved in #Batteries and #EVs had been growing. #Google, #Apple, #Sony, as well as other significant vehicle manufacturers, such as #Audi and #Mercedes, had entered the space in earnest.
“And these guys are bringing in money and intelligent people. The hottest jobs in #SiliconValley [in #California] right now aren’t those at #Facebook or trying to get more clicks on a website. Today, it’s about getting a job in the energy-storage space,” Moores said.
Read more at: http://www.miningweekly.com/article/megafactory-trend-sparks-arms-race-in-battery-sector-2015-09-29
#CellaEnergy company which had developed a proprietary process that combines hydrogen-rich material with a polymer to create a solid form of #Hydrogen. For the hydrogen to be released from that #Polymer is only needs to be heated to 100ºF. It is #PlasticEnergy. Those pellets can be recycled to be reused again.
Cella is a hydrogen fuel cell company offering something very different in the market, a unique way of delivering fuel to hydrogen generators: pellets. Pellets you can hold safely in your hand but more importantly, transport safely.
Read more at: http://www.forbes.com/sites/billtucker/2015/09/29/hydrogen-goes-plastic-fantastic/
A plan for General Electric to move production of large, gas-powered engines to Canada has caught the eye of officials in Windsor who hope to see that business come to the border city.
#RakeshNaidu, the interim #CEO of the #WindsorEssex Economic Development Corporation, said Monday that the opportunity was on his organization’s radar ahead of the public announcement from #GE.
It must be tempting for #RioTinto Chief Executive #SamWalsh to contemplate whether he should buy #Glencore, almost a year after fending off an unwelcome approach from his now beleaguered rival.
When Glencore boss #IvanGlasenberg mooted a deal with Rio Tinto in July last year, the shares were trading around 344 pence ($5.19), while those of Rio Tinto were around 3,244 pence.
Read more at: http://uk.reuters.com/article/2015/09/29/column-russell-glencore-riotinto-idUKL3N11Z1KD20150929
#NASA is closing in on manufacturing a phenomenal, #3D-Printed #Rocket launch engine, and the lead engineer says it is bringing ever closer the manned journey to #Mars.
Read more at: http://www.forbes.com/sites/leoking/2015/09/29/nasas-3d-printing-manned-mars-mission/
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