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Sergio Ferreira

Ener1: (Lithium-ion) Batteries in Think Vehicles by End of '08 - 0 views

  • "We have already announced a commercial contract with Think Electric Vehicle in Norway," Charles Gassenheimer, chairman of Ener1, Inc. (OTCBB: ENEI) added, referring to a $70 million development and supply agreement signed in October. "It's the largest electric vehicle company in Europe. You will see our batteries in their cars by the end of 2008.
Glycon Garcia

Mexico clears way for private sector investment in renewables | reegle Blog - 0 views

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    Until November it was virtually impossible for a private developer of renewable energy power plants to become an independent power producer (IPP) in Mexico. Article 27 of the Mexican Constitution precluded private investment stating that electricity generation for public use is an activity to be undertaken exclusively by the Government. Mexico's enactment of a new law for the use of Renewable Energy and the Financing of the Energy Transition ( Ley para el Aprovechamiento de Energías Renovables y el Financiamiento de la Transición Energética ) substantially improves the legal framework for private investment in renewable energy projects. The law regulates renewable energy electricity generation for purposes other than providing public electricity services. The law states that the use of renewable energy for electricity generation is possible for private use and any excess energy can be sold, but only based on regulations and approvals by Mexico's energy regulatory body, CRE .
Colin Bennett

Zambia 2010 Copper Output Seen At 700,000 Tons - Fin Ministry - 0 views

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    Zambia's copper output in 2010 is projected to rise to 700,000 metric tons due to increasing production at various mines, the country's Finance Ministry has said.
Panos Kotseras

Sweden - Elektrokoppar reduces copper wirerod production due to high copper prices - 0 views

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    Elektrokoppar said that payment terms with end-users need to be shortened due to record high copper prices. The Swedish copper wirerod producer commented that fabricators cannot act as bankers and have to shorten payment terms by nearly 50% compared to last year. The company decided to reduce production of copper wirerod by 20% from 2010 in order to cut the stock level needed to be financed. The main wirerod mill operations have gone down from four shifts to three. At the current copper price levels, Elektrokoppar decided to cover the north European market than selling to other markets with high freight rates and high financing costs.
James Wright

USA - Hussey Copper Ltd believed to be for sale - 0 views

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    Hussey Copper Ltd, the Philadelphia-based copper semis fabricator, is rumoured to be up for sale and industry sources said that a deal is likely to be struck imminently. The company has recently been struggling to finance elevated input costs, attributed to high copper prices. In a bid to alleviate cash-flow issues stemming from the higher cost of financing, Hussey firstly reduced its payment terms in January from a 45-day to a 30-day basis. Two months later, the company asked customers to pay for freight charges on orders, which mills' traditionally absorbed into their own costs. Hussey manufactures copper and copper alloy rolled products, rods and electrical bar at two operations located in Leetsdale, PA and Eminence, KY.
Glycon Garcia

IEA members 'not on track' on energy efficiency - 0 views

  • IEA members ‘not on track’ on energy efficiency Environmental Finance, 22 October 2009 - “More action is needed” by International Energy Agency (IEA) member countries on energy efficiency, according to a new report from the agency. “IEA member countries are implementing a full range of energy efficiency activities,” the report finds. “However, more action is needed … IEA member countries need to urgently extend their efforts in energy efficiency policy,” especially in transportation.
Colin Bennett

BHP approves $554 mln Chile Escondida project - 0 views

  • BHP has a 57.5 percent stake in Escondida, while Rio Tinto (RIO.L) owns 30 percent. JECO Corp, a consortium formed by Mitsubishi Corp (8058.T), owns 10 percent and JECO 2 Ltd owns 2.5 percent.
Colin Bennett

China to Restart Copper Recycling Tax Rebate, Metals Group Says - 1 views

  • A 40 percent rebate on the 17 percent value-added tax has been approved by the finance ministry and will be announced in the first half, said Li Shilong, Vice President of the China Nonferrous Metals Industry Association’s recycling metal branch, citing talks with the government.
Colin Bennett

Trillions needed for World Energy Infrastructure Buildout to 2030 - 1 views

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    "Globally, Bloomberg New Energy Finance expects $7.7 trillion to be invested in new generating capacity by 2030, with 66% of that going on renewable technologies including hydro. Out of the $5.1 trillion to be spent on renewables, Asia-Pacific will account for $2.5 trillion, the Americas $816bn, Europe $967bn and the rest of the world including Middle East and Africa $818bn. Fossil fuels will retain the biggest share of power generation by 2030 at 44%, albeit down from 64% in 2013. Some 1,073GW of new coal, gas and oil capacity worldwide will be added over the next 16 years, excluding replacement plant."
Colin Bennett

The economics of solar photovoltaic systems - 0 views

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    "Their main finding was that companies using low-cost financing to buy PV systems, and households taking out solar-specific loans, can achieve savings of up to 30% compared to leasing a PV system through a conventional third-party owner."
Colin Bennett

Pakistan infrastructure - 0 views

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    "The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday"
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Solar industry fights utility's big solar project - 1 views

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    When Southern California Edison unveiled plans to install 250 megawatts' worth of solar panels on warehouse roofs back in March, it was hailed as a ground-breaking move. In one fell swoop, the giant utility would cut the cost of photovoltaic power, expand the solar market and kick-start efforts to transform untold acres of sun-baked commercial roof space into mini-power plants. There's just one problem: the solar industry is fighting the billion-dollar plan. In briefs filed with the California Public Utilities Commission, solar companies, industry trade groups and consumer advocates argue that allowing a utility to own and operate such massive green megawattage will crowd out competitors who can't hope to compete with a project financed by Edison's ratepayers. (In California, shareholders of investor-owned utilities are guaranteed a rate of return for approved projects, while utility customers bear a portion of the costs in the form of higher rates.) The five-year plan "would establish SCE as the monopoly developer of commercial-scale distributed solar in its service territory," wrote Arno Harris, CEO of Recurrent Energy, a San Francisco company that sells solar electricity to commercial customers. "This would irreparably impair the development of a competitive solar industry."
Colin Bennett

Rio Tinto to start shipping Oyu Tolgoi copper - 0 views

  • Global miner Rio Tinto plans to start exporting copper from the $6.2-billion Oyu Tolgoi mine in Mongolia on Friday, according to an invitation received by Reuters, marking the opening of a mine that will eventually make up one-third of the country's economy
Matthew Wonnacott

Southwire and Encore continue their opposition to JP Morgan copper ETF - 0 views

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    In an effort to overturn a decision by the US SEC to approve JP Morgan's plan for a physically-backed copper ETF, US-based wire and cable makers Southwire Co. and Encore Wire have taken their case to the Federal Appeals Court. The two companies argue that the ETF will cause "an investor-financed squeeze" in the copper market and would lead to a shortage of material for immediate delivery. The JP Morgan ETF will be indicative of the fortunes of another, larger, ETF which Blackrock hope to launch. A ruling by the SEC on this ETF was delayed in late December and is now due on 22nd February.
Colin Bennett

China credit squeeze puts brakes on factory growth - 0 views

  • Premier Li Keqiang has diverged from the policy of his predecessor by refraining from injecting fresh liquidity into the mainland economy to ease a credit crunch on the interbank market.
Colin Bennett

IMF Videos - Frontier Asia on the Rise - 0 views

  • Asia’s developing economies represent the region’s economic frontier, emerging as a new source of economic dynamism. These countries aspire to climb the development ladder by addressing the challenges of infrastructure, technology and financing.
Piotr Ortonowski

China - Copper imports defy waning consumption, high stocks and negative arbitrage - 1 views

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    Despite the small drop in March copper imports, overall imports of copper to China remain at a high level. This may seem somewhat surprising in the light of the deeply unfavourable arbitrage, a deteriorating short-term consumption outlook and high inventory levels. CRU suggests that much of the material is imported by traders into bonded warehouses, who may be using copper as a financing mechanism to take advantage of arbitrage opportunities in other markets, such as in the RMB and interest rates. Bonded warehouses allow traders to easily re-export material out of China without incurring major costs, such as VAT. This allows them to take swift aversive action in case the outlook on Chinese consumption weakens further, while benefitting from the export-friendly arbitrage window. The slower growth in scrap imports is more reflective of the negative arbitrage and the temporary easing of the concentrates market following outages at PASAR's Leyte smelter and PPC's Saganoseki smelter.
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