Hints and tips:
...Even as global temperatures smash through record highs, the oil industry is claiming the world can’t afford the rapid transition from fossil fuels to cleaner energy....
...Deep sea mining has been promoted as an alternative to land-based mining for minerals needed for electric vehicle batteries such as cobalt and nickel....
...sold to Qualtrics founder Ryan Smith for $1.66bn (WSJ) Nomura profits from M&A boom propelled by Covid-19 (FT) Deutsche Bank returns to profit as bond trading surges (FT + Lex) Top shareholders in Kaz Minerals...
...Khama is a policy adviser on the mineral, oil and gas industries at the World Bank and Sangudi is a managing director for The Carlyle Group....
...Shares in Galaxy Resources and Avz Minerals sank by 10 per cent and 10.8 per cent, respectively, while Pilbara Minerals and Argosy Minerals each saw declines of greater than 6 per cent....
...He claimed the success of that strategy has been demonstrated by the MCA’s recently revised energy policy, which acknowledged the important of renewable energy....
...Argosy Minerals added 5.3 per cent and Pilbara Minerals was up 1.6 per cent after shares in those companies fell by more than 6 per cent on Thursday....
...The statement from Galaxy comes after Chinese carmaker Great Wall Motor said in September it will take a 3.5 per cent stake in Australian lithium producer Pibara Minerals for around A$28m ($21.9m)....
...The miner has set up an internal unit tasked with identifying and investing in the minerals and resources the world we need in 10 to 15 years....
...Oz Minerals jumped as much as 8.2 per cent, while Sandfire Resources rose as much as 8 per cent....
...Westfield Corp and Origin Energy....
...Mitsui said yesterday it expected to book impairments of Y260bn ($2.3bn) after tax, caused by “long-term price outlooks revised in light of recent trends in minerals and energy markets and their supply and...
...Lithium-based batteries typically store three times more energy, and have a higher energy density to weight ratio, than any existing alternative....
...First Quantum Minerals outperformed a falling market on Friday amid a revival of bid speculation....
...Even in New York, landowners hold mineral rights. This may explain why the landlord of the apartment where this columnist roosts is digging in the cellar....
...In happier times, the Indian banks may well have been willing to lend to the cash-strapped energy company but no longer....
...Many energy companies recognise the importance of trading. BP, Royal Dutch Shell and Total have trading arms....
...Carlyle Group has built a team focused on energy investments in Africa, and other firms including Warburg Pincus are active in the region....
...Shell says that its North American onshore gas portfolio now includes about 3.5m acres of mineral rights, with the potential to yield 40tn cubic feet of gas – the energy equivalent of nearly 7bn barrels...
...All of them have talked about diversifying away from their core energy and minerals units. But if they do not also talk up earnings expectations, it is hard to see prices moving higher....
...Like other Japanese traders, Marubeni has been trying to diversify earnings away from core energy and minerals areas, which have seen extreme price swings in recent years....
...Lord Ponsonby is chairman of Yakut Energy Limited, a private equity investor in Taas-Yuryakh Neftegazodobycha LLC (TAAS)....
...He is also investing in energy exploration in central Europe, Brunei and Latin America and hunting for iron and coal in the Republic of Congo....
...The trading houses have accelerated investments in energy, metals and minerals businesses, buoyed by a strong yen and seemingly robust demand in emerging economies....
...Increased copper trading volume helped lift metals and minerals trading ebit 9 per cent from a year ago....
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