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Biggest mining equity rally in years built on shaky foundations

LONDON, March 18 (Reuters) - The biggest rally for mining company shares since 2009 risks fizzling out as gains have largely been driven by funds reversing bets on lower prices rather than long-term investors looking for value.

Statoil says Algeria gas plant has been attacked

OSLO, March 18 (Reuters) - An Algerian gas plant owned by Norway's Statoil, BP and state firm Sonatrach was attacked on Friday, the company said.

EXCLUSIVE-U.S. sees new Chinese activity around South China Sea shoal

WASHINGTON, March 18 (Reuters) - The United States has seen Chinese activity around a reef China seized from the Philippines nearly four years ago that could be a precursor to more land reclamation in the disputed South China Sea, the U.S.

China to build nuclear plant in polluted Hebei province

BEIJING, March 18 (Reuters) - China aims to build a nuclear reactor in the heavily polluted province of Hebei, which surrounds the capital Beijing, in a bid to cut smog and promote cleaner energy, the head of the country's nuclear agency said on Friday.

Go easy on deals, investors tell new Rio Tinto boss

EXCLUSIVE-U.S. sees new Chinese activity around South China Sea shoal

WASHINGTON, March 18 (Reuters) - The United States has seen Chinese activity around a reef China seized from the Philippines nearly four years ago that could be a precursor to more land reclamation in the disputed South China Sea, the U.S. Navy chief said on Thursday.

Spain's Abengoa seeks 7-month debt standstill to restructure

MADRID, March 18 (Reuters) - Spanish energy and engineering firm Abengoa SA said late on Thursday it will ask its creditors for seven months' breathing space through a debt standstill to execute a restructuring plan if it manages to avoid bankruptcy.

UPDATE 3-Oil hits 2016 high on output-freeze hopes, set for longest winning streak for a year

* Some urge caution over market outlook (Adds comment, updates prices)

China property developer Kaisa's bonds rally on new debt-recast plan

HONG KONG, March 18 (Reuters) - Bonds of property developer Kaisa Group, which last year became the first Chinese developer to default on offshore debt, rallied on Friday after it sweetened a debt-restructuring proposal, boosting hopes it would be implemented after months of wrangling.

Times a-changing for China’s thermal coal market on increased hydro flow

The thermal coal market for China now has to contend with a rival: a low-cost source of power generation that is growing each year.

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