Poland's KGHM bids $3.5 billion for Quadra - 0 views
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The Canadian base metals producer with offices in Toronto and Vancouver said it has agreed to have all its outstanding shares and warrants acquired by KGHM Polska Miedź S.A. (KGHM) for $3.5 billion. Quadra FNX has operating mines in Ontario, Arizona, Nevada and Chile, where the company is also developing the Sierra Gorda copper-molybdenum mine.
China - Jiangsu Zhongchao Cable to procure a 51% stake in three of its competitors - 0 views
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Power cable producer Jiangsu Zhongchao Cable plans to acquire three industry peers through a private placement, reports claim. Zhongchao Cable plans to issue a maximum of 68 million shares at not less than RMB13.43 (US$2.10) per share in order to raise a maximum of RMB900M (US$142.M) to acquire 51% stakes in Yufang Cable, Mingzhu Cable and Xizhou Magnet Wires, and to set up an operations centre in Shanghai. According to the filing, controlling shareholder, Jiangsu Zhongchao Group, plans to spend between RMB100M and RMB300M (US$15.9M and US$47.6M) for the private placement.
China Continuing to Lead the Global Switchgear Market by 2020 - 0 views
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Holding the largest share in the world, the Chinese switchgear market is expected to increase at a Compound Annual Growth Rate (CAGR) of 10.8% between 2013 and 2020, reaching a share of 19.2% by 2020, forecasts research and consulting firm GlobalData.
Aluminium set to steal copper market share - 0 views
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Aluminium is set to potentially steal market share from copper in a number of areas, the corporate purchasing director for non-ferrous metals at Nexans said.
Sterlite Technologies Enters Into a Joint Venture With VISCAS to Manufacture Extra High... - 0 views
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"This partnership has the potential to attain leadership in the HV/EHV cables market in India in the next 2-3 years. The country is implementing HV/EHV solutions in transmission and distribution segment of power to enhance efficiency and will require specialised technologies to address this need. Both companies share a common vision and bring together complementary strengths for this venture," said Mr. Pravin Agarwal, Whole-Time Director, Sterlite Technologies Limited.
Global ad spend predicted to grow 5%, more in digital - 2 views
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In terms of media type, digital outperforms previous predictions for 2014 with year-on-year growth forecast at 16.1%. Digital will also increase its total share of spend, reaching 20.5% in 2014 and 22.6% next year, when it will out-pace the combined magazines and newspaper global share for the first time.
Japan's Furukawa Electric expects auto sector to boost copper demand - 0 views
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""There have been sharp technological advances in the auto sector, which requires highly functional copper," Keiichi Kobayashi, corporate senior vp, automotive and electronics material field, copper and high performance material products division, told Metal Bulletin sister title Copper Price Briefing. The growth in the auto market increases demand for the company's highly functional copper products, he said, adding that demand from the electronic devices markets such as mobile phones was good but can fluctuate a lot. The company's product share is comprised of 40% automotive, 40% electronics and 20% infrastructure."
Global solid state transformer market 2015-2020 - 1 views
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"The market is expected to be driven by the adoption of solid state transformers and demand for alternative power generation, traction locomotives, and power distribution in addition to the electrical vehicle charging stations till 2020. The European market is expected to account for the largest market share, followed by Asia-Pacific and the North America in 2017."
Hindustan Copper share sale likely n November - 0 views
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He also said India's copper output was seen at 12 million tonnes in five to seven years.
Prysmian/Ravin JV to target 10% market share in India's cables sector - 0 views
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Our commitment is to establish a credible and sustainable full range cables supplier in the Indian market, targeting a 10% market share – said Mr. Fabio Romeo, the Prysmian Group’s Chief Commercial Officer, at a meeting with Indian journalists in Mumbai.
Solar Power From Saharan Sun Could Provide Europe's Electricity, Says EU - CommonDreams... - 0 views
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Dwarfed by any of the north African nations, it represents an area slightly smaller than Wales but scientists claimed yesterday it could one day generate enough solar energy to supply all of Europe with clean electricity. Speaking at the Euroscience Open Forum in Barcelona, Arnulf Jaeger-Walden of the European commission's Institute for Energy, said it would require the capture of just 0.3% The scientists are calling for the creation of a series of huge solar farms - producing electricity either through photovoltaic cells, or by concentrating the sun's heat to boil water and drive turbines - as part of a plan to share Europe's renewable energy resources across the continent. A new supergrid, transmitting electricity along high voltage direct current cables would allow countries such as the UK and Denmark ultimately to export wind energy at times of surplus supply, as well as import from other green sources such as geothermal power in Iceland. Energy losses on DC lines are far lower than on the traditional AC ones, which make transmission of energy over long distances uneconomic. The grid proposal, which has won political support from both Nicholas Sarkozy and Gordon Brown, answers the perennial criticism that renewable power will never be economic because the weather is not sufficiently predictable. Its supporters argue that even if the wind is not blowing hard enough in the North Sea, it will be blowing somewhere else in Europe, or the sun will be shining on a solar farm somewhere.
GE, Abu Dhabi firm in $8 billion joint venture - 0 views
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BOSTON (Reuters) - U.S. conglomerate General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) and Abu Dhabi investment agency Mubadala Development Co said on Tuesday they have entered into an $8 billion joint venture with an initial focus on providing commercial finance in the Middle East and Africa.The two companies also plan to work together in the clean energy and water, aviation, and oil and gas sectors, they said."This partnership is consistent with our global growth initiatives and builds on our long-term relationships in a high-growth region like the Middle East," said Jeff Immelt, chief executive of GE, the second-largest U.S. company by market value.The companies said Mubadala "plans over time" to become one of the Fairfield, Connecticut-based company's ten largest shareholders, by acquiring shares in the open market.They also aim to establish a clean energy technology center in Masdar City, a new city in Abu Dhabi that aims to be carbon neutral. GE plans to commit up to $50 million for Masdar's second clean-tech fund.Growth in the Middle East has been a major thrust for GE in recent years. Last year the company generated $5 billion in revenue in the region, up 50 percent from the prior year.
Copper Mountain to revive British Columbia mine - 0 views
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TORONTO, July 28 (Reuters) - Copper Mountain Mining Corp (CUM.V: Quote, Profile, Research, Stock Buzz) plans to spend C$402 million ($394 million) to revive a copper mine in British Columbia that it expects will produce nearly 100 million pounds of the metal per year, the company said on Monday. The company said production at its Copper Mountain open pit mine should begin at the end of 2010 with a 35,000 tonne-per-day mill. The project would have an an initial mine life of 15 years, according to a feasibility study. The news drove the junior miner's shares up by nearly 6 percent. The construction decision has not formally been approved by the company's board of directors, but the company has already ordered equipment, said Don Graham, director of Copper Mountain's investor relations.
Tribunal approves Duferco's acquisition of Highveld vanadium assets - 0 views
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The Competition Tribunal on Friday announced that it had approved the sale of vertically integrated assets by South African steel producer Highveld Steel & Vanadium to Swiss firm Duferco Investment Partners. The deal formed part of the European competition regulatory body's conditions of the 2007 Highveld Steel acquisition by Evraz. Duferco's subsidiary, Vanchem Vanadium Products, would acquire Highveld Steel's Vanchem operations, as well as its 50% stake in South Africa Japan Vanadium and 350 ordinary shares in the Mapochs mine, which produced titaniferous magnetitic ore for Highveld Steel, and ore fines for Vanchem.
Schneider acquires Xantrex - 0 views
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RUEIL-MALMAISON, FRANCE, August 15, 2008. Schneider Electric has signed a CAD 498 million definitive arrangement agreement with Xantrex Technology Inc for the acquisition of all common shares of Xantrex. Xantrex is said to be a top three global player in the solar and wind inverter market with strong growth potential. It also has a leadership position in the North America. Awaiting approval from Xantrex shareholders, the deal is expected to be closed by October 2008. Schneider Electric says it expects to realise significant synergies in acquiring Xantrex, leveraging the strengths of both companies. Xantrex provides experience in advanced power electronic technology for renewable energy, and dedicated solar and wind channel access. Schneider Electric boasts a wide international footprint with solution centres and leverage with APC in purchasing, technology and operations. Xantrex Chairman Mosaadiq Umedaly comments: "We think it is the best way to develop our business, taking advantage of our leading technology, products, market knowledge, and distribution channels together with Schneider Electric's global sales, service, supply chain, and solutions capabilities."
Sanyo To Increase Solar Output Tenfold - 0 views
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Japanese electronics company Sanyo Electric Co Ltd (6764.T) announced today that it intents to raise its solar cell output to 4 gigawatts (GW) a year by 2020--a tenfold incrase from current production levels, according to a Reuters report. If achieved, the increase would account for roughy 10% of the global market. The company had a 4.4% share of the market in 2007.
US Government Investing up to US $24M To Bring Solar Energy Online - 0 views
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The U.S. Department of Energy (DOE) Principal Deputy Assistant Secretary for Energy Efficiency and Renewable Energy John Mizroch announced recently that the DOE will invest up to US $24 million -- subject to the availability of funds -- to develop solar energy products that will hopefully accelerate the penetration of solar photovoltaic (PV) systems in the United States. \n\nWhen the projects are combined with the overall industry cost share of up to US $16 million, more than US $40 million in total could be invested in these SEGIS projects, with future federal funding subject to appropriations from Congress.\n\nThe Solar Energy Grid Integration Systems (SEGIS) projects will provide critical research and development (R&D) funding to develop less expensive, higher performing products to enhance the value of solar PV systems to homeowners and business owners. These projects are integral to the Solar America Initiative, which aims to make solar energy cost-competitive with conventional forms of electricity by 2015. \n
Energy, Electricity and Nuclear Power Estimates for the Period to 2030 « RFF ... - 0 views
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The IAEA has revised upwards its nuclear power generation projections to 2030, while at the same time it reported that nuclear´s share of global electricity generation dropped another percentage point in 2007 to 14%. This compares to the nearly steady share of 16% to 17% that nuclear power maintained for almost two decades, from 1986 through 2005.
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