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Last updated: 19:24:54 Wednesday Jul 2, 2008


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  • Rio Tinto spins iron ore deal into bid defense
    SYDNEY (Reuters) - Shares in global miner Rio Tinto (RIO.L)(RIO.AX) gained over 1 percent on Tuesday after it won a huge price rise for iron ore shipped to China, giving it a chance to trumpet its defense against a $163 billion takeover bid.   Nations:China Australia   Source:(Reuters)   2008-06-23

    Mining companies are paying more bucks for their bang
    NEW YORK (Reuters) - These are boom times for mining companies but the big profits are being eaten into not only by spiraling energy costs but suddenly rising prices for the explosives used to blast into the rocks.   Nations:Indonesia Australia Canada   Source:(Reuters)   2008-06-23

    Iraq nears first major oil service deals
    BAGHDAD - Iraq is close to signing oil service deals with several major Western oil companies in an effort to boost its output capacity, the country's oil ministry said Thursday -- the first major Iraqi contracts with big Western companies since the 2003 U.S.-led invasion.   Nations:Iraq United Arab Emirates   Activities:2007-8 Oil Crisis Iraqi Oil Industry   Source:(AP)   2008-06-19

    Drilling caused Indonesian mud volcano
    WASHINGTON (Reuters) - Drilling of a gas exploration well, and not an earthquake, set off a volcano that has been spewing boiling mud for two years and has displaced more than 50,000 people on the Indonesian island of Java, experts said on Monday.   Nations:Indonesia   Source:(Reuters)   2008-06-10

    Stocks, oil fall as Asia raises fuel prices
    Oil prices fell below $122 a barrel on Thursday, down for a third day as the U.S. dollar climbed and fears over demand grew after India and Malaysia raised fuel prices, weighing on resource-related shares.   Nations:Malaysia Sri Lanka India Indonesia Hong Kong Taiwan   People:Ben Bernanke   Activities:2007-8 Global Inflation 2007-8 Oil Crisis Asian Markets   2008-06-05

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