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BEIJING - African Minerals Ltd is in talks with several Chinese companies to raise $5 billion in funding to explore the Tonkolli iron ore project in the West African nation of Sierra Leone, a top company official said on Thursday. The London-listed explorer plans to ship the entire 10.5 billion ton iron ore deposits from the project to China. "The i...
China joins America as the most attractive location in which to invest in renewable energy after spending $34.6 billion on clean-fuel projects last year, almost double the investments by the US, Ernst & Young LLP said. The world's third-largest economy climbed two points in Ernst & Young's Renewable Energy Country Attractive Indices while the ...
SAN FRANCISCO - While hiring in Silicon Valley is projected to surge for the remainder of the year, companies are finding competition for talent from across the Pacific in China. As the Chinese tech industry continues to grow in areas such as Internet communications and content sharing, increasing numbers of industry professionals are considering a move eas...
BUSAN, South Korea: Finance officials from leading advanced and emerging countries began talks Thursday aimed at hammering out reforms to the global economic system to prevent debilitating crises such as the one that dragged the world to the verge of a depression in 2008. Founded in 1999, the Group of 20 shot into the limelight in late 2008 as the key i...
BEIJING - Chinese steel mills have expressed their reluctance to accept iron ore prices of potentially $160 per ton proposed by Vale and BHP in the third quarter, saying that the price hike will create carnage in the nation's steel industry. "BHP has recently informed us that they will raise third quarter iron ore prices, including freight, to $160 a...
BEIJING - Shougang Steel Group is likely to acquire a majority stake in Jilin-based steelmaker Tonghua Iron & Steel Group (Tonggang) this month, according to a Tonggang official. The restructuring deal will bolster cash-strapped Tonggang, the official said. "Shougang President Zhu Jinmin recently visited some of our subsidiaries including a cold...
SHANGHAI - Brazilian mining giant Vale SA, a producer of iron ore, said ore prices for the third quarter would rise according to the average market price over the previous quarter. "The second quarter price (that Vale has signed with Chinese steel mills) is much lower than the spot market price, and the contract price in the third quarter will move up b...
BEIJING - African Minerals Ltd is in talks with several Chinese companies to raise $5 billion in funding to explore the Tonkolli iron ore project in the West African nation of Sierra Leone, a top company official said on Thursday. The London-listed explorer plans to ship the entire 10.5 billion ton iron ore deposits from the project to China. "The i...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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