UNITED Kingdom-based Consolidated Mining and Investments Ltd has bought the troubled Munali Nickel Mine under a lease agreement.
Munali Nickel Mine, which is located in Mazabuka, will start operations soon since the company was closed since 2011.
Read more at: http://www.daily-mail.co.zm/index.php/component/k2/item/4973-uk-firm-buys-munali-nickel-mine
In what will be a world’s first, Local Motors, Cincinnati Inc., and the U.S. Energy Department’s Oak Ridge National Laboratory are teaming to produce a 3-D printed electric vehicle in September at the International Manufacturing Technology Show in Chicago.
While it’s well known that 3-D printing is making increased inroads into automotive applications, this project takes the disruptive technology to an entirely different level. It pioneers the use of large-scale 3-D printing technology to print a substantial part of a full-size, functional EV.
Read more at: http://www.fool.com/investing/general/2014/06/16/strati-is-soon-to-be-the-worlds-first-3-d-printed.aspx
State-owned aluminium maker PT Indonesia Asahan Aluminium (Inalum) will spend around US$750 million on a steam-fueled power plant, which would double its production capacity, starting from mid-next year in anticipation of higher energy demand.
Inalum president director Winardi Sunoto said Friday that the firm expected to cover 35 percent of the 600-megawatt power plant project from internal cash. It was now seeking to generate the rest from external sources.
“The construction of the power plant will take up to 40 months, which is very long compared to a smelter or seaport, so it is the priority,” he told reporters after a meeting with Industry Minister MS Hidayat.
The new power plant project is part of $1.9 billion that Inalum will spend on a wide array of development projects over the next few years, including a new aluminium smelter and seaport.
Read more at: http://www.thejakartapost.com/news/2014/06/14/inalum-begins-19-billion-expansion-with-new-power-plant.html
The standoff in France over General Electric’s $17 billion deal with Alstom SA isn’t just about jobs. It is also about nukes.
Nuclear-technology exports are a robust business in France, and Alstom is a significant player, supplying its Arabelle turbines to projects by engineering firm Areva SA and utility Électricité de France SA .
The concern among French officials is that future projects could become subject to a veto by Washington if GE owns Alstom’s energy assets.
SYDNEY, June 12 (Reuters) – A court ruling in the Solomon Islands may finally unlock a large nickel deposit that geologists have known about for half a century but have been unable to exploit because of ownership changes and legal wrangling.
Japanese giant Sumitomo Metal Mining and tiny Australian explorer Axiom Mining are fighting over the Isabel nickel laterite discovery and will submit final arguments to the Solomon Islands High Court on June 23, following a court case that has already run for 88 days.
Read more at: http://in.reuters.com/article/2014/06/12/australia-nickel-solomonislands-idINL4N0OR1S020140612
An environmental non government organisation in New Caledonia says the conditions given to the Vale nickel processing plant on its re-opening are not enough to protect the environment.
Read more at: http://www.radionz.co.nz/international/pacific-news/247048/call-for-more-limits-on-ncal-nickel-plant
CA-NEWS (KZ) – President Nursultan Nazarbayev met with the CEO of the Glencore Xstrata company Ivan Glasenberg on the sidelines of the Foreign Investors Council, the press service of the President said June 11.
During the meeting, the sides discussed questions of development of cooperation in energy, mining, and metal production sectors.
The Glencore Xstrata is of the world’s leading integrated producers of commodities that operates in the sphere of automotive, metallurgy, food and energy industries.
– See more at: http://en.ca-news.org/news:542978/#sthash.3SY2zOAD.dpuf
Good news from Congo. And perhaps even more unexpectedly, it has come about with the help of users of mobile phones, legislators in Washington and corporate giants such as Apple and Intel. That is the finding of an investigation by the Enough Project, an anti-genocide campaign group, which says Congolese warlords have lost their grip on most of the country’s mines and lucrative conflict minerals.
Read more at: http://www.theguardian.com/world/2014/jun/11/congo-mines-no-longer-grip-warlords-militias-report-enough-project
Siemens AG (SIE) is in talks with Mitsubishi Heavy Industries Ltd. (7011) about a joint bid to buy Alstom SA’s energy business and counter a $17 billion offer by General Electric Co. (GE:US)
Japan’s Mitsubishi Heavy and Munich-based Siemens will decide whether to submit a joint proposal to Alstom’s board of directors by June 16, the two companies said in a statement today, confirming an earlier report by Bloomberg News. The companies didn’t give further details.
Read more at: http://www.businessweek.com/news/2014-06-11/siemens-said-in-talks-with-mitsubishi-on-joint-alstom-bid
While operations are slowly resuming at the treatment plant following last month’s spill, local communities are rallying to express their concerns about the risk of ongoing environmental damage associated with the chemical treatment process. 2,500 people have already signed a petition demanding the closure of the Vale nickel plant.
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