Rio Tinto says may work together with Chinalco

Thursday, Feb 14, 2008

Mining group Rio Tinto held out the possibility on Wednesday of working on projects with its new major shareholder, China’s state-owned aluminium giant Chinalco.
Aluminum Corp of China (Chinalco) said on Feb. 1 it had teamed up with U.S. Alcoa to buy a 9 percent stake in Rio for $14 billion.
“Since they took […]

Rio Tinto to sell Greens Creek interest

Thursday, Feb 14, 2008

Rio Tinto has reached agreement on the first sale under its planned program to divest at least US$15b of assets.
The Group has signed an agreement to sell Kennecott Greens Creek Mining Company and Kennecott Juneau Mining Company, the subsidiaries holding its interests in the Greens Creek Mine in Alaska, to an affiliate […]

Gerdau Ameristeel to pump US$120 million into iron ore ops

Thursday, Feb 14, 2008

Brazilian long steelmaking group Gerdau (NYSE: GGB) plans to pump US$120mn into its iron ore operations in southeast Brazil’s Minas Gerais state in the 2008-10 period, the company said in a statement.
Disbursements in the next three years will include a treatment plant and logistics infrastructure to transport the steelmaking output, which will […]

Eskom’s power rationing forces ArcelorMittal slowdown

Thursday, Feb 14, 2008

ESKOM’s power rationing programme is proving to be a significant constraint on steel making, with ArcelorMittal SA losing 1000 tons of liquid steel production daily as a result.
If rationing continues until the end of the year, as expected, Mittal’s production shortfall for the year would be about 360000 tons, CE Rick Reato […]

Andritz receives further major orders from international stainless steel producers

Thursday, Feb 14, 2008

During the last two months, international technology group Andritz received several major orders for stainless steel annealing and pickling lines, rolling mills, and acid regeneration systems from renowned international stainless steel producers. The total value of these orders is approximately EUR 250 million. With the receipt of these orders, Andritz once again […]

Alcatel-Lucent and Samsung debut industry’s first solution for seamless WiMAX-GSM/EDGE dual-mode services

Thursday, Feb 14, 2008

MOBILE WORLD CONGRESS, BARCELONA, February 13/PRNewswire-FirstCall/ — Today Alcatel-Lucent (Euronext Paris and NYSE: ALU) and Samsung unveiled at Mobile World Congress an optimized device-plus-infrastructure solution that will enable end-users to have seamless access to their voice and data services when switching between GSM/EDGE and WiMAX networks. On the exhibition show floor the […]

Ericsson launches new multimedia solution that gives consumers a new communication experience

Thursday, Feb 14, 2008

Ericsson (NASDAQ:ERIC) launched the Ericsson Multimedia Communication Suite (MCS) - bringing to consumers popular services they already enjoy on the Internet in a new and enhanced mobile way. The intuitive user interface will be integrated into selected new Sony Ericsson devices such as the W760. 
With the Ericsson MCS, mobile operators will be […]

ConocoPhillips bags $10 billion sour gas gig with ADNOC

Thursday, Feb 14, 2008

US supermajor ConocoPhillips has won the estimated $10 billion job to develop sour gas reserves at the Shah field, off the United Arab Emirates, according to reports.
“ConocoPhillips is the winner of the project,” a source at state-run Abu Dhabi National Oil Company (ADNOC), who declined to be identified, told Reuters.
“The official […]

Aker Kvaerner acquires 3D drilling simulation and visualisation company

Thursday, Feb 14, 2008

14 February 2008 - Aker Kvaerner has acquired a majority shareholding in the Norwegian company First Interactive AS. The agreement includes an option to buy the remaining shares.
“Aker Kvaerner is recognised for its development of innovative deepwater drilling technologies, satisfying the industry’s requirements for efficiency, safety and operability. Acquisition of this technology […]

Carbon capture and storage in North America enters new phase with Schlumberger Carbon Services

Thursday, Feb 14, 2008

The United States Department of Energy recently awarded the Midwest Geological Sequestration Consortium a contract to begin a large-scale carbon capture and storage (CCS) project in Decatur, Illinois—the first of its kind in North America wherein an unprecedented amount of “non oil- and gas-related” CO2 will be stored in a saline formation.
CCS […]