The Japanese firm has completed its $3.7bn takeover of the Milwaukee-based equipment maker.
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The Japanese firm has completed its $3.7bn takeover of the Milwaukee-based equipment maker.
"The close of the $3.7bn transaction adds about 10,000 people to the Komatsu team, bringing the company’s global total to more than 57,000 employees."
In a bid to raise its gas exports, Qatar is lifting a self-imposed moratorium on the development of its part of the world’s largest natural gas field
"Since 2005, Qatar has chosen to continue a self-imposed moratorium on the development of its North Field, including constructing new LNG export facilities."
Os temas que fazem a actualidade Moçambicana e Internacional em várias áreas de interesse. Os destaques do dia.
"O grupo brasileiro Vale concluiu a venda de participações em activos em Moçambique ao grupo japonês Mitsui, devendo receber um pagamento inicial de 733 milhões de dólares, anunciou o grupo mineiro em comunicado divulgado esta semana na sua página de internet."
Three big oil majors have arrived in the shale patch with loaded balance sheets and big plans, a development that spells trouble for OPEC down the line
"OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale."
"Superyacht Azzam is now the world’s largest yacht and she is believed to be 180 metres, however we are unable to confirm her exact length. Not only will she be the world’s largest yacht, but she will also be one of the faster yachts around. "
We’ve compiled a list of the 10 most expensive cars available today. Visit The Drive for the latest automotive news, vehicle tech and new car reviews.
"rom the Lamborghini Veneno Roadster to the McLaren P1 to the Aston Martin Valkyrie, expensive, high-ticket rarities are crowding the top of the market."
Expectations of a lasting low oil price have left some of Norway’s oil plays struggling, with national oil extraction forecast to fall after a 10 percent growth since 2013
"The Norwegian Petroleum Directorate’s (NPD) recent forecast expects crude oil extracted from the Norwegian Continental Shelf (NCS) to fall to 1.60 Mb/d in 2017."
Russia is budgeting its federal spending to expectations that oil prices will hover around $40 a barrel for the next several years
“The Finance Ministry, the cabinet and the central bank are leaning on the cautious side in terms of their expectations regarding growth, driven still to a large degree by oil,”
"Which raises the question: Why spend $20,000 more on the RWD version, especially since it's more squirrely to drive?"
Central Rand Gold (CRG) has raised £300 000 through the issue of 60-million new ordinary shares at an issue price of 0.5p apiece. The proceeds will be used for working capital and building a 60 000 t/m concentrator circuit aimed at upgrading the gold grade of mine waste dumps materials before further metallurgical processing and civil construction.
"Under the terms of the placing agreement, CRG has agreed to grant warrants to its broker Brandon Hill over 3.6-million new ordinary shares, or 6%."
"We take a look at the 10 largest superyachts in the world, which since today, is topped by a brand new number one, Azzam. Superyacht Azzam is now the world’s largest yacht and she is believed to be 180 metres, however we are unable to confirm her exact length."
Prices for the raw material have dropped below $90 a tonne as doubts gather about the strength of demand in China at stockpiles hit record highs.
"Iron ore prices now sit at their lowest level since February 9."
It’s a stark reminder that big changes in energy policy are on the way.
'Gone is the Obama White House’s page on climate change, which is now archived here for posterity (along with virtually everything else from the Obama-era website). That page had talked about how global warming was a serious threat to future generations, optimistically touted America’s ability to tackle the problem, and listed dozens of actions the Obama administration has taken to reduce carbon dioxide emissions:'
Years of underinvestment in top producer South Africa affecting supply.
'On Friday, the palladium price continued its strong run with Nymex contracts jumping 5% to $794 an ounce, bringing gains for the precious metal so far in January to 18% or more than some $120 an ounce. Sister metal platinum has also gained year-to-date, exchanging hands for $980 an ounce on Friday.'
WACO — Four people were injured while trying to weld a drill shaft at a location east of Russellville in the Waco community, officials said.
'Authorities said there was a four-man crew working to drill the well and three of them had to be flown to a hospital. Medical personnel at the scene said the three men were suffering from burns to their face but none appeared to be life-threatening.'
ELKO – A common bumper sticker seen in Elko states, “If it isn’t grown, it has to be mined.” This phrase, most commonly seen on the back of a vehicle,
'A common bumper sticker seen in Elko states, “If it isn’t grown, it has to be mined.” This phrase, most commonly seen on the back of a vehicle, is quite true, according to the mining industry.'
Representative Ryan Zinke of Montana, President-elect Donald Trump's nominee for secretary of Interior, on Tuesday said he would consider an expansion of energy drilling and mining on federal lands but would ensure sensitive areas remain protected.
'The former Navy SEAL sought to outline a measured approach to the job of managing America’s national parks, forests and tribal lands during a four-hour Senate confirmation hearing that was mostly cordial, lacking some of the hot-tempered grilling that has marked other sessions to vet Trump’s cabinet nominees.'
To hear Catherine McLeod-Seltzer describe it, you would think she was destined at an early age to become a successful mining company executive.
'McLeod-Seltzer is now the chair of Bear Creek Mining, an international company based in Peru, and was in Sudbury, Ont. in January to give a talk at Laurentian University's Goodman School of Mines along with Eira Thomas, the founder and Director of Lucara Diamond Corporation.'
Drillers will have to begin pouring cash back into oil fields around the world by the end of the year to prevent a global oil-production shortage in coming years, the CEO of Schlumberger said Frida…
'That’s why the world’s top oil field services company is gearing up for a global recovery in oil and gas drilling. In a bid for higher service prices, the company recently began renegotiating contracts for hydraulic fracturing and directional drilling technology in the United States, one of the first signs of a new investment cycle in the oil industry.'
Met coal prices are already down 23% in 2017 as US producers plan to add 9m tonnes to export market.
'At $172.60 on Friday the steelmaking raw material is now $136 below its multi-year high of $308.80 per tonne (Australia free-on-board premium hard coking coal tracked by the Steel Index) hit in November.'
In its final days in the White House, the Obama administration made it easier for the Cuban government to drill for oil in Gulf waters just beyond the country's maritime border with the United States.
'It's the result of a treaty signed Wednesday that defines who controls a 7,700-square-mile area that begins just over 200 miles off the coast of Tampa Bay and Florida, long known as the Eastern Gap.'
New China-Mongolia agreement doubles the rate shifts much of China’s coal production to Mongolia .
'Mongolia recently reached a new deal to sell coal to China, helping it boost its faltering economy and start repaying billions of dollars it owes Wall Street lenders.'
Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to reignite.
'There’s just one catch. No one really knows how much oil actually lies beneath the refuge, or how much producers like Exxon Mobil Corp. and ConocoPhillips care about it in a world awash in cheap oil, from Texas shale to offshore Africa. While the government estimates the area could hold 12 billion barrels of crude, making it one of the biggest untapped reserves in the U.S., no one’s sunk a well there since the 1980s.'
HOUSTON -- Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell’s Majnoon oil field in Southern Iraq.
'Under the contract, Halliburton will mobilize three rigs to drill development wells and carry out workover activities over the next two years.'
With more than 300 proposed mines facing the prospect of becoming non-starters due to their inability to secure environmental clearances before a January 11, 2017, deadline to register mining leases,
'However, miners have been prohibited from initiating operations at such mines till the time they secure the requisite green clearances, as per an order notified by the Mines Ministry.'