Canada’s first industrial-scale wind power facility is being installed in two phases at Glencore Xstrata‘s Raglan nickel-copper mine near the tip of the Ungava Peninsula. The mine is well sited to take advantage of the wind because it sits on a plateau 600 metres high with few trees in the area.
The Energy and Mineral Resources Ministry and nickel miner PT Vale Indonesia are still hammering out issues relating to Vale’s contract renegotiation.
The ministry’s director general for minerals and coal, R. Sukhyar, recently said Vale had agreed to return around 83,000 hectares (ha) of its concession area to the government.
However, he said, both parties were still negotiating to accommodate requests by the local administration regarding the utilization of areas that had not been mined or explored. These areas have been left idle.
Read more at: http://www.thejakartapost.com/news/2014/06/10/non-mining-areas-key-issue-vale-s-contract-renegotiation.html
Russia’s Norilsk Nickel, the world’s largest producer of nickel and palladium, is paying dividends totaling 74 billion rubles ($2.15 billion) for 2013 — 17 percent higher than in 2012, Itar-Tass reported.
The company set its final dividend for 2013 at 39 billion rubles ($1.15 billion) at its annual shareholders’ meeting on Friday, having already paid interim dividends worth 35 billion rubles ($1 billion) in December.
Read more at: http://www.themoscowtimes.com/business/article/norilsk-nickels-dividend-payout-17-higher-for-2013/501700.html
Jakarta. Indonesia is seen as a high-priority growth market for Deutsche Bank and the election year would not distract the lender from staying on course with its objective to become the leading global universal bank in the country.
“Deutsche Bank wants to continue its focus on Indonesia, which has significant importance and potential for the Bank,” Kunardy Lie, the new chief country officer at the Indonesian branch of Deutsche Bank, Germany’s largest lender, told the Jakarta Globe on Thursday.
Read more at: http://www.thejakartaglobe.com/business/indonesia-high-priority-growth-market-deutsche-bank/
Chinese investors have expressed their intention to build an aluminum smelting plant in West Kalimantan and develop an industrial park in Bekasi, West Java, which would both absorb investments of up to US$1.6 billion, a minister has said.
Industry Minister MS Hidayat said on Friday that the Chinese firms were seeking local partners to jointly build and operate the smelter.
Read more at: http://www.thejakartapost.com/news/2014/06/07/chinese-firms-spend-16b-alumina-smelter-industrial-park.html
But before operations start again, the Brazilian mining giant has four months to comply with a list of safety measures.
Philippe Michel, the newly elected president of the Southern Province says the closure of the plant is not of the cards.
(Reuters) – The U.S. Department of Energy said on Wednesday it will study the environmental risk of importing spent nuclear fuel from Germany that contains highly enriched uranium, a move believed to be the first for the United States.
The department said it is considering a plan to ship the nuclear waste from Germany to the Savannah River Site, a federal facility in South Carolina.
The 310-acre site already holds millions of gallons of high-level nuclear waste in tanks. The waste came from reactors in South Carolina that produced plutonium for nuclear weapons from 1953 to 1989.
Read more at: http://uk.reuters.com/article/2014/06/04/usa-scarolina-nuclear-idUKL1N0OL27P20140604
Several Chinese firms plan to invest up to US$5 billion to develop an industrial park in Bantaeng regency, South Sulawesi, which is slated to become Indonesia’s first integrated iron-and-steel industrial park.
The park will be home to eight smelters that will produce nickel pig iron and ferronickel, ingredients in stainless steel production, according to the Industry Ministry’s director general for manufacturing-based industry Harjanto.
The investors in the smelting plants include China’s major nickel pig iron producer Xinhai Technology and Mex International, which will spend $1 billion and $300 million respectively. Miners such as Beijing 21st Century Resources Investment Co. and Asia Pacific Iron Corporation, will produce iron concentrate and nickel ore in the area.
The park would occupy a site of around 3,000 hectares, equal to 8 percent of the regency’s total area, Harjanto said.
“Economic activities in the park, which is expected to contribute 80 percent to the regency’s gross domestic product, will help raise the per capita income of the local population to around $2,000 from $1,500 at present,” he told reporters at his office.
Read more at: http://www.thejakartapost.com/news/2014/06/04/chinese-firms-build-5b-steel-industrial-park.html
JAKARTA, June 4 (Xinhua) — Indonesia’s Ministry of Energy and Mines and Brazil-based Vale corporation’s subsidiary PT Vale Indonesia have completed contract renegotiation and plan to sign MoU soon, a minister disclosed here on Wednesday.
Read more at: http://www.globalpost.com/dispatch/news/xinhua-news-agency/140604/indonesian-govt-vale-corp-reach-deals-contract-renegotiation
SYDNEY, June 2 (Reuters) – New Caledonia authorities said on Monday they have authorised a conditional restart of Brazil-based Vale’s nickel operations, which were suspended more than three weeks ago after acid-tainted effluent spilled into a river.
Read more at: http://www.reuters.com/article/2014/06/02/vale-sa-caledonia-spill-idUSL3N0OI0UH20140602
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