Financial Times FT.com

Resources

Principal content

Arrow backs improved takeover offer

Royal Dutch Shell and PetroChina have won a board recommendation after lifting their joint bid for the Australian energy producer from A$4.45 to A$4.70 a share in cash

China begins trial of Rio Tinto employees

The trial in Shanghai of four Rio Tinto employees who were charged with receiving bribes and infringing commercial secrets is being closely watched by anxious investors

Tentative deal to replace iron ore price system

Global miners and Japanese steelmakers have reached a tentative deal to replace the 40-year-old iron ore pricing system based on annual contracts and lengthy negotiations with short-term contracts linked to the spot market

India wins funding for solar power drive

The International Finance Corporation is investing in India’s first commercially viable solar power project, giving a vote of confidence to the country’s ambitions to develop the technology

Petrobras to invest $220bn in new fields

The Brazilian national oil company will spend between $200bn and $220bn over the next five years as it ramps up capital expenditure to develop potentially enormous new oil fields discovered off Brazil’s coast since 2007, says its financial director

Shell in Mexican Gulf oil find

Royal Dutch Shell has announced a ‘significant new oil discovery’ in the deepwater Gulf of Mexico that could have the potential to be a hub

Gulfsands rejects £400m offer by IOC

Gulfsands Petroleum, the Syria-focused oil explorer, says the unsolicited takeover approach from Indian Oil Corporation is ‘wholly inadequate’

Rio and Chinalco to share Guinea project

Rio Tinto and Chinalco confirmed plans to form a partnership that will develop a rich iron ore deposit in Guinea in what is expected to be the first of a number of joint ventures

Gulfsands set to reject takeover approach

The Syria-focused oil explorer is poised to rebuff an unsolicited offer – understood to be from a large Indian oil company – that would value the company at more than £400m

African Barrick priced at low end of range

The London spin-off of Barrick Gold successfully raises about £575m and will start trading with a market capitalisation of £2.3bn, making it a potential FTSE 100 entrant

Related content and features

LEX

Opec: the shifting sands of energy pricing

Lex

Unconventional sources such as oil sands or biofuels now provide a safety valve for the market as the cartel loses its clout

Shell

Shell

The oil major’s strategy remains unchanged. The company is still a case of investor jam tomorrow, although now it is promising more than it did before

MANAGEMENT

Heading in opposite directions

Vale

The acquisition of Inco turned Vale, whose core business is iron ore, into the world’s second-biggest mining group by market capitalisation

Track this Topic

News alerts

Email - create a keyword alert on the subject of this topic

Email summaries

Email - start your day with daily email briefing on this topic

RSS feeds

RSS - Track this news topic using our feeds