Baffinland Iron Mines Corp Bidding Involves China FirmA Chinese company is involved in the takeover battle for Baffinland Iron Mines Corp., the Toronto-based iron-ore mining company that ArcelorMittal is trying to acquire, a Chinese official said.
ArcelorMittal, the world’s largest steelmaker, and Nunavut Iron Ore Acquisition Inc., backed by Houston-based private equity-firm Energy & Minerals Group, are vying for Baffinland’s Mary River project. [...]
Cnooc Reports 90% Jump in Nine-Month Profit Before Planned Sale of BondsCnooc Ltd., China’s biggest offshore oil producer, said profit rose 90 percent in the first nine months of last year as it ramped up production to meet demand in China, reported Friday’s Bloomberg.
Consolidated net income increased to 38.9 billion yuan ($5.9 billion) from 20.5 billion yuan a year earlier, the Beijing-based energy explorer said in [...]
China’s BYD Buys 18 Pct Stake in Lithium MinerChinese car and battery maker BYD said it had acquired an 18 percent stake in Zhabuye Lithium for 201 million yuan ($29.89 million), reported Thursday’s Reuters.
Zhabuye Lithium owns 20-year exclusive mining rights for the Zhabuye salt lake, the biggest lithium mine in China. Lithium is a key raw material in some rechargeable battery types.
The price [...]
A heavy duty truck is a particular kind of truck that has an average Gross Vehicle Weight (GVW) of at least 26,000 pounds. These are the largest kinds of trucks that you would see on the road. They are mostly used for long-haul trips.
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