World Business News

No oil leakage found in Mariner Energy’s platform

TABJ Sep 6 - Government inspectors on Friday did not find any oil leakage from Mariner Energy’s platform that caused an explosion and burning in the Gulf of Mexico, according to the U.S. Interior Department. The department's Bureau of Ocean Energy Management, Regulation ...
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World’s number one copper producer to cut 3000 jobs

TABJ Sep 6 - The world’s number one copper producer, Codelco, will cut 3000 jobs by the end of the year. The Chilean company will offer 15 per cent of its workers early retirement in order to boost efficiency. CEO Diego Hernandez said to ...
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Goldcorp acquires Andean Resources

TABJ Sep 3 - Goldcorp and Andean Resources today announced an agreement whereby Goldcorp will acquire, through a scheme of arrangement under Australian law, all of the outstanding shares of Andean.  The total consideration for the purchase of 100% of the fully ...
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Rig blast causes spreading oil sheen

TABJ Sep 3 - An oil sheen has started spreading from an explosion from an offshore petroleum platform in the Gulf of Mexico. The rig blast, operated by Mariner Energy Inc. took place just west of BP’s oil spill and has caused ...
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Obama administration denied dismissal of drilling lawsuit

TABJ Sep 2 - The Obama administration has been denied their motion to dismiss a lawsuit that stops a government-imposed halt on deep-water drilling in the Gulf of Mexico, by a federal judge this Wednesday 1 September. The moratorium ...
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Uranium discovery in Indonesia

TABJ Sep 2 - Indonesia’s International Nuclear Energy Agency says that they have a basis for building nuclear power plants with their 53,000 ton reserve of uranium. There is an estimated 24,000 tons of uranium in Bangka Belitung ...
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Rio Tinto and Hope Down’s billion dollar venture

TABJ Sep 1 - Rio Tinto, one of the world’s leading mining companies has joined forces with Hope Downs Iron Ore Pty to build a new mine in Australia. Rio will work with Hope Downs to create the Hope Downs 4 iron ...
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Greenpeace Protestors board oil drilling ship

TABJ Sep 1 - A UK oil exporter which is trying drill into a space near Disko Island in West Greenland, has been halted by Greenpeace protesters. Four protesters have mounted a drilling oil rig owned by Cairn Energy by rigging themselves from ...
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Doctors warn against alcohol for trapped Chilean miners

TABJ Sep 1 - Chilean miners, who have been trapped for 26 days, have been told by NASA doctors that they must forgo cigarettes and alcohol. The 33 miners are undergoing rescue efforts that may take two to four months. Though miners added ...
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Foreign, domestic priorities to highlight White House speech

TABJ Aug 31 - President Barack Obama will walk a fine line when pressing Middle East foreign policy priorities, while simultaneously focusing on domestic issues that could determine the Democrats fate in November's Congressional elections. On Tuesday, Obama ...
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