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LONDON (Thomson Financial) - EMED Mining (News) Public Ltd., a European-based minerals exploration and development company, said Spain's largest mine, the Rio Tinto (News) (News/Aktienkurs) Mine, is advancing towards copper production restart. The AIM-listed company said in its mining quarterly report, for the three months to June that recruitment of a large workforce and mobilisation of a mining contractor is expected to proceed in the first half of 2009 and production six months later.

Murchison has sold its 9.2% stake in Midwest Corp to Sinosteel for $107 million following Sinosteel's takeover of Midwest. Posted: Thursday , 11 Sep 2008 SYDNEY (Reuters) - Australian iron ore prospector Murchison Metals Ltd has sold its 9.2 percent stake in fellow Australian firm Midwest Corp to China's Sinosteel for about A$135 million ($107 million). The move follows Sinosteel's $1.3 billion takeover of Midwest earlier this year, which defeated a plan by Murchison to merge with Midwest. The two Australian firms are neighbours in the as-yet undeveloped Yilgarn iron ore mining region of west Australia. Murchison said in a statement on Thursday the sale of the Midwest shares is in the best interests of the company, especially given significant changes in world financial markets over the past three months. "The cash raised through the sale gives Murchison greater flexibility in relation to both developing existing projects and in pursuing fresh opportunities," Murchison Executive Chairman Paul Kopejtka said in the statement.

DOE announced on September 8 that it will award $6.6 million in competitive grants for 15 state-level projects, nine of which focus on developing policy and regulations to support gigawatt-scale clean energy capacity, and six of which focus on developing advanced building codes. Of these awards, $4 million will go to the gigawatt-scale clean energy capacity projects, which will develop policy and regulatory frameworks that will enable gigawatt-scale clean energy, either through renewable energy or demand-side reductions. Although no cost share was mandated, state partners will contribute up to $1.8 million for these projects. The six advanced building codes projects will receive $2.6 million, which will assist states in developing and implementing residential, commercial, or overarching building codes. Along with its financial assistance, DOE will support these projects with ongoing technical assistance.

it is my professional responsibility - both to myself and to those I serve - to begin speculating how the current crisis may affect the realm of clean energy.

SYDNEY, Australia (AP) - Mining giant BHP Billiton announced plans Wednesday to slash 6,000 jobs, or about 6 percent of its global work force, as it rushes to cope with plummeting demand because of the global financial crisis.

German renewable energy companies and bankers will meet officials in Berlin on Monday to discuss ways of preventing the financial crisis from casting a storm cloud over a vital domestic growth industry. Up to 30 companies and organisations are expected to outline the problems facing the renewables sector, whose bullish projections have been overshadowed by concerns about project finance, falling prices and delayed orders.

Top Trends for 2009: On our GloboTrends wiki homepage, we will keep an updated list of global macro trends that we think are the most important to keep an eye on. Some of this list are statistically unlikely to occur, but if they did, it could cause global disruption. These unlikely events were dubbed Black Swan's in a book by Nassim Nicholas Taleb , or might be called the "fat tail" probability in statistics. Others trends we are watching in the GloboTrends wiki are currently ongoing right now (such as our coverage of the credit crisis, deleveraging, margin calls, etc), and we will talk about how they happened, and predict their likely outcome. The format of a wiki makes the document dynamic, so any of our community is welcome to help shape our views of these important developments. Please log in to our wiki, and feel free to comment... In no particular order, here are the global macro trends that we think will be most significant in the coming year (2009): 1. credit crisis of 2007/08 will continue on into 2009...this one is clear...but, how long will it last? how will it fundamentally change international finance? Add your comments to our wiki... 2. fiscal stimulus and crisis recovery 2009 3. deleveraging of Financial markets will continue. In my opinion, this is the most destructive of all the trends. 4. Risk of deflation in the US as Fed Funds target rate approaches zero (other analysts see the opposite risk of potential hyper inflation). Add your comments.. 5. more... add to this list.. Predictions-for-2009

Renewable energy needs to become a lot more renewable - a theme that emerged at the Financial Times Energy Conference in London this week.

There has been lots of talk lately of "deglobalization"...especially since Gordon Brown (Prime Minister of the UK) mentioned these words at Davos, a little over a week ago. But what does it mean? Are we really de-globalizing? In this article, I will argue that while the treats of protectionism are real...it's still a bit too soon to call "deglobalization" a trend (no matter how good this may sound in headlines).

for energy projects: a proposal for a Regulation to grant Community support to strategic energy projects. A total of € 3.5 billion is proposed for investment in carbon capture and storage (financial envelope: €1,250 million), offshore wind projects (€500 million), and gas and electricity interconnection projects (€1,750 million).

It is clear that the economic and financial downturn have begun to take a serious toll on new wind development.

The planned coal-fired project with two units of 660MW each would be set up with an estimated capital outlay of Rs 6,600 crore, sources said. The plant is expected to be operational within four years from the date of financial closure, a company official said.

MOSCOW, June 24 (RIA Novosti) - Metalloinvest and Interros financial holding are proposing that billionaire Viktor Vekselberg's Renova join forces to create a major mining and metals company, Metalloinvest's owner Alisher Usmanov said on Tuesday.

Metals are the new green on Wall Street, as mining has displaced financial services to become the biggest source of mergers and acquisitions.

The Financial Times is delighted to be running our 2008 seasonal appeal, launched this week in support of WaterAid, which helps some of the world's poorest people get access to safe water and sanitation.\n\nIn recent weeks, FT reporters and photographers have taken a close look at WaterAid's operations on the ground in some of the least developed parts of Africa and Asia. They will report on the many aspects of its work over the next month in both the Weekend FT and the weekday paper.

Norddeutsche Affinerie (NA) (NAFG.DE) expects a global copper shortage to keep business conditions good despite the financial crisis, Europe's biggest copper smelter said on Wednesday.

Survey of 24 major copper smelteries in China conducted by Ieforex shows that 90 percent of copper smelting enterprises in China are not optimistic about the future copper market, and are waiting for financial environment going stable.

Cuts and delays to investment in Europe's energy infrastructure caused by the financial crisis and the recession will weaken future energy security and undermine the fight against climate change, a leading consultancy has warned.

Goldman Sachs on Monday cut its India growth estimate to 6.7 per cent from 9 per cent in the year ending March 2009 due to the knock-on effects of the global financial crisis.