The Tokyo Commodity Exchange (TOCOM) and Shanghai Futures Exchange (SHFE), two leading futures exchanges in Asia for metals, energy and rubber signed a Memorandum of Understanding (MoU) in Shanghai on May 26, 2006 to share information and establish a future cooperative framework. This occurred just before the 3rd Shanghai Derivatives Market Forum hosted by SHFE. -source
Eramet to invest $1.5 bln in Indonesian project
AKARTA, May 30 (Reuters) - French nickel miner Eramet said on Tuesday it plans to invest around $1.5 billion to develop the Weda Bay nickel project in eastern Indonesia.
Earlier this month, Eramet acquired nearly all shares of Toronto-listed Weda Bay Minerals Inc. The main investor in Indonesia's PT Weda Bay Nickel. Indonesian nickel producer PT Antam owns 10 percent of the Weda Bay project. -source
No comments:
Post a Comment