BHP has launched an integrated remote operations centre (IROC) in Brisbane for its coal business.
The miner aims to replicate the success it had with its IROC in Perth, which controls operations right across the Pilbara, covering more than 1500 kilometres of rail, stockyards, and two separate port facilities.
Ronald-Peter Stoeferle and Mark J. Valek work at fund manager Incrementum, based in the small German-speaking principality wedged between Austria and Switzerland. The big event (for we gold watchers) is Incrementum’s annual In Gold We Trust report, the latest one coming out this week.
The government is optimistic that the country will be able to reach next year’s oil production target despite it being set slightly higher than the initially proposed figures.
NEW DELHI/JAKARTA: For many coal miners in Indonesia's resource-dependent economy, a surprise shift in India's coal industry — from big importer to potential exporter — could not have come at a worse time.
Energy and Mineral Resources Minister Sudirman Said said he warmly welcomed oil and gas company PT Medco Energi Internasional Tbk’s (MedcoEnergi) move to acquire a majority stake in copper mining firm PT Newmont Nusa Tenggara, which operates the Batu Hijau copper and gold mine in West Nusa Tenggara.
The Tembang gold mine, in Indonesia, delivered higher gold production in the June quarter, owner Sumatra Copper & Gold reported on Tuesday. Gold production increased to 6,387 oz, from 5,406 in the December quarter, while silver production decreased to 91,012 oz, from 121,569 oz in the previous quarter.
Crude oil is the world’s most actively traded commodity, and oil-related trades are a staple for traders, hedgers, investors around the globe.
The below infographic, put together by Aspect, covers the history of crude oil trading, while also highlighting the major events that have shaped the landscape of the oil market as we know it today.