NAI Breaking News

Indonesia Holding Firm on Ore Ban Amid $18 Billion Investments
Posted 2014-08-13 03:49NAI Editing
Indonesia’s ban on ore exports will remain in place under the next government as the curbs spur as much as $18 billion in investment in processing plants by 2017, said the Energy and Mineral Res

Glencore's Copper Production Gains 2.5% on Mutanda Mine
Posted 2014-08-13 03:43NAI Editing
Glencore Plc (GLEN), the world’s third-biggest mining company by market value, said copper production increased 2.5 percent in the second quarter as output rose from its Mutanda mine in the Democratic

Canadian Miners Performance Beats Global Indexes in Q2
Posted 2014-08-12 04:43NAI Editing
Canadian mining equities continued to show strong signs of improvement during the second quarter of the year, driven mainly by a recovery in metal prices, the latest EY’s

Weakest Oil Demand Growth Since 2012 Allays Supply Risk, IEA Says
Posted 2014-08-12 04:11NAI Editing
Global oil demand growth eased to its weakest since 2012 last quarter, calming world markets amid threats to supplies in the Middle East and North Africa, according to the International Energy Agency.

Commodity Price Gains Ease Urgency of Mining Disposals, E&Y Says
Posted 2014-08-12 04:04NAI Editing
Rising commodity prices in the second quarter of the year strengthened mining companies’ balance sheets, reducing the urgency of their plans to sell unwanted assets, Ernst & Young LLP said.

Base Metals Climb on Optimism Geopolitical Tensions Ease
Posted 2014-08-12 03:41NAI Editing
Zinc and nickel led gains by industrial metals in London amid optimism that geopolitical risks are receding, aiding investment sentiment for commodities.

Kinder Morgan Merges Assets in $70-Billion Deal
Posted 2014-08-11 04:17NAI Editing
Kinder Morgan (NYSE:KMI), the biggest pipeline company in North America, said Sunday it is consolidating its vast oil-and-gas pipeline empire into a single company, in a $70 billion deal amid investor

BG's Former CEO to Help InterOil Build LNG Plant as Chairman
Posted 2014-08-11 03:54NAI Editing
InterOil Corp.

BC Iron to Add Pilbara Iron Ore Mines in A$229 Million Deal
Posted 2014-08-11 03:47NAI Editing
BC Iron Ltd. (BCI) agreed to pay about A$229 million ($212 million) in cash and shares for Iron Ore Holdings Ltd. (IOH) to add mine and port development projects in Australia’s Pilbara region.

OPEC Trims Oil Demand Forecast, Citing uneven Global Recovery
Posted 2014-08-11 03:42NAI Editing
OPEC trimmed its 2014 global oil demand growth forecast for a second consecutive month and said the group managed to increase output in July despite violence in Iraq and Libya, pointing to more comfor