Energy Update

You are here

Home » Global Read

With lending tight, miners look to swap cash for royalties

SYDNEY, Nov 13 (Reuters) - A slump in mineral prices that's making it tough for miners to borrow is providing more opportunities for companies such as Anglo Pacific Group Ltd , whose business is exchanging cash for production royalties on commodities out of favour with lenders.

Hurting Canadian oil producers signal further cuts to come

CALGARY, Alberta, Nov 12 (Reuters) - Canadian energy companies, especially those at higher cost oil sands producers, are signalling they will cut capital spending for a second straight year in 2016 as they adjust to a painful new reality of oil near $40 a barrel.

UPDATE 1-Clinton proposes $30 bln plan to help coal-producing areas

WASHINGTON, Nov 12 (Reuters) - U.S. Democratic presidential candidate Hillary Clinton on Thursday proposed a $30 billion plan to help displaced workers in coal-producing areas find new jobs and continue receiving health benefits as the country shifts to using renewable energy and more natural gas.

Deadly clashes in north Iraq close main road to Baghdad - sources

BAGHDAD, Nov 12 (Reuters) - Clashes between Kurdish and Shi'ite Arab paramilitary forces turned a northern Iraqi district into a battlefield on Thursday and cut a strategic road linking Baghdad to the northern oil city of Kirkuk, security sources and local officials said.

UPDATE 1-Brazil levies initial fines of $66 million against mine for burst dams

MARIANA, Brazil, Nov 12 (Reuters) - President Dilma Rousseff on Thursday announced preliminary fines worth 250 million reais ($66.2 million) against a mine in southeastern Brazil where two dams burst, killing at least seven people and coating a two-state area with mud and mine waste.

UPDATE 1-Maduro defends record at UN rights forum, blasts US

* U.S. spokesman decries curbs on Venezuela freedoms (recasts after speech, adds U.S. spokesman remarks)

UPDATE 8-Kurds report advances in battle to retake Iraq's Sinjar town

* Rivalries among local forces had delayed long-expected strike

UPDATE 1-Paris climate talks not just hot air, France tells U.S.

PARIS, Nov 12 (Reuters) - Any global climate change agreement reached in Paris next month will be legally binding and have a concrete impact, France's president and foreign minister said on Thursday, reacting to U.S. comments that questioned the status of the accord.

Recent news paints global picture of doom and gloom for steel

The steel industry doesn’t have much to cheer about these days. Some recent news items tell the tale, says Tom Balcerek.

Finland approves underground nuclear waste storage plan

HELSINKI, Nov 12 (Reuters) - Finland has become the first country in the world to give a construction licence for a permanent underground nuclear waste repository, the centre-right government said on Thursday.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos