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Oil & Gas

Fossil Fuels

Fossil Fuels

Australia provides $87.4 Million bailout to Trafigura Lead, Zinc Smelters

The Australian government announced on Tuesday that it would provide A$135 (US$87.4M) in financial assistance to two smelters in Australia's southern region owned by Nyrstar. Nyrstar is a subsidiary of commodity trader Trafigura. Trafigura placed its Port Pirie lead-smelting operations, in South Australia, and its zinc processing operation in Hobart in Tasmania under strategic review in early this year after high energy costs and lower processing fees rendered the businesses unprofitable. Nyrstar, as part of its review, assessed the potential of producing antimony, a critical mineral, at its Port Pirie facility, but it would require government assistance to do so....

Fossil Fuels

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. TRUMP/TARIFFS - President Donald Trump's "reciprocal tariffs" on dozens countries went into effect on Wednesday. These included massive 104% tariffs on Chinese goods. This deepened his global trade conflict even as he was preparing for negotiations with certain nations. France/Economy: The French economy performed marginally better than anticipated in the first three months of the year, but the business environment in the industrial sector will ease due to new U.S. Tariffs. This was stated by the central bank in its...

Fossil Fuels

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. EXMAR: Exmar reported on Thursday a decline in FY IFRS revenues to $348.9 millions but an increase in IFRS EBITDA at $204.7 million. It will not be proposing a dividend in 2024. FLUXYS: Fluxys announced on Thursday that FY revenues and EBIT had increased to 608.8 millions euros ($657.0) and 133.9million euros, respectively. It proposes to pay a EUR 1.4 dividend per share. HAL TRUST HAL Trust reported that its NAV will increase by 2,20 billion euros in 2024 to...

Fossil Fuels

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. EUROPEAN CAR SALE/RENAULT: According to industry data released on Tuesday, new car sales in Europe fell by 2.1% during January. This was due to a decline in petrol and diesel sales and a rise in the number of fully electric and hybrid-electric cars registered in Europe's main markets. CLARIANE expects organic revenue growth of around +5% in 2025. FRANCE/MACRON/TRUMP/UKRAINE U.S. President Donald Trump and French President Emmanuel Macron displayed stark differences on Monday in their approach to Ukraine, exposing a...

Fossil Fuels

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BOUYGUES: Amazon announced Bouygues Group & AWS have signed a strategic alliance to accelerate digitalization across Bouygues Group operations. Credit AGRICOle The second largest listed bank in France announced a 27% increase in profits, exceeding quarterly earnings expectations. THALES: Thales Alenia Space - a joint venture between Thales & Leonardo - announced that it had signed a contract for the development of an airlock module by Mohammed Bin Rashid Space Centre in the Emirates. TOTALENERGIES: Lebanon's President expressed his hope...

Oil & Gas Equipment

French and Benelux stocks-Factors to view

Below are companyrelated news and stories from France and Benelux which might have an effect on the region's markets or private stocks. LISI: LISI got in settlements to sell its French division LISI Automotive Nomel to ZeroBaseInvest. The deal should be finished by the end of February 2025. Viridien: French oil and gas services group Viridien revealed a. short-lived marriage of its Chairman and CEO roles. Sophie. Zurquiyah is to presume combined functions up until 2026, while Philippe. Salle will assume roles of Vice-Chairman and Lead Director. Waga Energy: Waga Energy signed a 20-year arrangement with Seccra to. produce RNG...

Oil & Gas Equipment

French and Benelux stocks-Factors to view

Below are companyrelated news and stories from France and Benelux which could have an effect on the area's markets or private stocks. ALSTOM: French train maker Alstom on Wednesday reported outcomes for the first half of the year, beating cash outflow expectations at 138 million euros ($ 146 million). EIFFAGE: French building group and motorway operator Eiffage reported a 4.6% like-for-like increase in its third-quarter revenue on Wednesday. ENGIE: Engie and Carmeuse announced, on Wednesday, the termination of their Columbus job for financial and regulatory factors. LVMH: Named Cecile Cabanis as CFO. MONTEA: Montea launched a share buy-back program, on...

Fossil Fuels

French and Benelux stocks-Factors to watch

Below are companyrelated news and stories from France and Benelux which could have an influence on the region's markets or private stocks. AIRPLANE: Airbus reported Q3 net income at EUR 983 million, and stated it would propose a third therm for CEO Guillaume Faury. AXA: Axa reported 9-month revenues up 7% at EUR 84.0 billion, in line with expectations. BNP PARIBAS France's most significant bank increased trading activity at its investment banking department helped it fulfill profit projections in the third quarter, after its customer finance and car-leasing organizations disappointed. ELIS: Elis revealed an earnings for Q3 at EUR 1.18...

Fossil Fuels

French and Benelux stocks-Factors to view

Below are companyrelated news and stories from France and Benelux which could have an effect on the region's markets or individual stocks. LVMH: French luxury group LVMH revealed it will become a Global Partner of Solution 1 from 2025 in a brand-new 10-year arrangement. As part of the deal, several of the group's brands will be included in the collaboration, consisting of Louis Vuitton, Moët Hennessy and TAG Heuer. TOTALENERGIES: France-based oil and gas company Totalenergies held its capital markets day on Wednesday, with CEO Patrick Pouyanné saying he would meet Mozambique president to talk about the group's upcoming task...

Fossil Fuels

French and Benelux stocks-Factors to see

Below are companyrelated news and stories from France and Benelux which might have an impact on the area's markets or individual stocks. TRADE French President Emmanuel Macron on Thursday stated he was persuaded that the CETA free-trade arrangement in between the European Union and Canada would become officially validated by all members. French senators earlier this year hit the brakes on ratifying the deal in reaction to substantial farmer protests. JET Deliveries are closing September at a slower pace than a. year back, raising increased concerns over the European. planemaker's capability to hit a revised yearly target, analysts. and market...

Oil & Gas Transportation

French and Benelux stocks-Factors to watch

Below are companyrelated news and stories from France and Benelux which could have an impact on the region's markets or private stocks. EXOR: The Dutch investment holding company published results for the first half of the year with a net possession value of 38.34 billion euros. FRANCE/IRAN: French President Emmanuel Macron informed his Iranian counterpart that an enhancement in bilateral relations might just happen if there was an instant release of 3 French nationals kept in Iran. GAZTRANSPORT ET TECHNIGAZ: The French engineering company got an order from HD Hyundai Samho Co. for tank style of four brand-new LNG carriers....

Oil Exploration

Petrobras' quote for Galp's Namibia prospect to consist of a minimum of one partner, sources say

Brazil's Petrobras will include a minimum of one partner in its quote for a. 40% stake in Galp Energia's Mopane oil prospect in. Namibia, 2 sources with knowledge of the matter told Reuters. Recently, Petrobras' director of exploration and. production, Sylvia dos Anjos, informed Reuters that the state-run. company had actually made a non-binding offer for a stake that would make it. operator of the Mopane block off Namibia's coast. She did not. detail just how much of the 40% Petrobras was looking for. The firm will not seek the complete 40% stake alone, the sources. said on condition of...

Environment

Environment

After a long delay due to rain, the Belgian Grand Prix begins.

After a delay of almost an hour and half caused by rain and poor visibility on the Spa-Francorchamps track, the Belgian Formula One Grand Prix began after four laps. The starting procedure was stopped after the first formation lap, which took place behind the safety vehicle. Lando Norris of McLaren, who sits nine points behind his championship-leading teammate Oscar Piastri on the podium, told the team's radio, "I don't know what's going on behind the safety vehicle." The FIA finally cleared the race for start after a long wait. The safety car led the field to evaluate visibility, before deciding...

Environment

Kenyan court fines 4 men for trafficking thousands queen ants

Kenyan courts fined four men each $7,700 for attempting to traffic thousands of valuable ants to the country's eco-system. Experts say that this case shows a shift from biopiracy towards lesser known species, such as elephant ivory. On April 5, authorities arrested two Belgian teens, a Vietnamese and a Kenyan man in separate cases for allegedly trying to smuggle about 5,440 giant African harvester ants. Magistrate Njeri Thuku stated that the ants could fetch more than 800,000 Euros or $900,000. This is in Europe, Asia and some parts of North America where antkeepers maintain colonies in large, transparent vessels called...

Environment

Firefighters in Europe want more money and staff

Firefighters claim they are understaffed Wildfires and house fires are on the increase EU launches Preparedness Strategy By Beatrice Tridimas Fire services are under pressure across Europe due to wildfires fueled by hotter and drier conditions, as well as household fires that are, according to unions, sometimes caused by non-certified solar installations. The firefighters want to see more funding and incentives for the many millions of volunteers that support the system. Pablo Sanchez, the policy lead of the European Federation of Public Service Unions' Firefighter's Network EPSU (EPSU), said: "We have over 1,000 volunteer hours per year." "They treat volunteers...

Mining

Mineral Resources

Mineral Resources

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Airbus Airbus, the European planemaker, posted a second-quarter profit that was higher than expected, thanks to its helicopter and defence units. It also maintained its full-year predictions as it strives to catch up with delayed jetliner delivery. BIC French stationery BIC reported Q2 revenues of 598 millions euros, and is expecting a full-year growth of 0-3%. The company's H1 adjusted EBIT for 2025 was 147 millions euros with a 13.7% margin. BIC's adjusted EBIT margin is expected to be 15.0%...

Mineral Resources

India's finished steel imports from April to June fell by nearly 30% due to slow shipments from China and Japan

According to preliminary government data reviewed on Tuesday, India's finished-steel imports fell nearly 30% during the first three month of the fiscal year that began in April due to a consistent fall in shipments out of China and Japan. Data showed that the world's second largest crude steel producer imported 1,4 million metric tonnes of finished steel between April and June, a decrease of 28.8% compared to a year ago. The data shows that China's exports fell by 45.8% and those of Japan by 65.2%. The data shows that China exported 0.3 million tonnes of finished steel to India in...

Mineral Resources

South32, Australia's South32, will pay $130 million for the sale of Colombian nickel assets

South32, an Australian diversified mining company, announced on Monday that it would incur a $130 million impairment charge related to the sale to CoreX Holding B.V. of its Cerro Matoso Ferronickel operations located in northern Colombia. South32 anticipates receiving up to $100,000,000 in cash from CoreX. CoreX is a diversified industrial company with operations spanning the metals and mining sector, green energy and other sectors. In January 2024 the miner began a strategic review at Cerro Matoso, citing an important decline in nickel prices. Nickel producers are struggling with a price collapse fueled by a surge in production from Indonesia....

Mineral Resources

How Trump's metals tariffs affect the packaging on shelves

Andy Russick sells cans of fruit and tomatoes to major U.S. supermarkets, such as Kroger, and hospitals and schools. He shares the stated goal behind U.S. president Donald Trump's war on trade - combating cheap Chinese imports. When U.S. tariffs were doubled on steel and aluminum imports to 50%, on June 4, Andy Russick's company, Pacific Coast Producers, was collateral damage. Since 2017, Chinese fruit cocktail, vegetables, and other canned food imports from Southeast Asia and Europe are flooding U.S. grocery shelves, undercutting comparable products made in the United States. Russick stated that this trend will accelerate due to the...

Mineral Resources

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ArcelorMittal ArcelorMittal, a German steelmaker, has dropped plans to convert its two plants to carbon-neutral production due to the high energy targets set by Germany. Eutelsat After a capital increase of 1.35 billion euros, the French state will be Eutelsat's largest shareholder. The aim is to make it more competitive with Elon Musk and Starlink. LightOn LightOn has been selected by Ariane Group’s Sodern on Thursday to industrialise AI generative within a safe framework. PostNL Dutch parcel delivery company PostNL...

Mineral Resources

French and Benelux stocks: Factors to watch

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ARCELORMITTAL Bloomberg News, citing an individual familiar with the deal, reported that Aditya Mittal is the CEO of the steelmaker and will invest $1 billion into a group buyout of the Boston Celtics. EURONEXT It announced on Thursday that the stock exchange operator had placed convertible bonds until 2032, totaling 425 million euro ($481.14million), at a fixed coupon of 1.5% annually. The group of real estate investors announced Thursday that it had completed an bond buyback totaling 265 million euro....

Mineral Resources

South African rand reaches 18-month low and stocks recover after plunge

South Africa's currency, the rand, fell to its lowest level in 18 months Monday. Local stocks also plunged and then recovered as financial markets were shaken by fears of a global recession due to President Donald Trump’s tariffs. The rand was trading at 19.31 per dollar, down 1% since Friday's closing, and its lowest level since October 2023. Trump did not show any signs of rescinding his tariff plans Sunday and on Monday, investors flocked to safe-haven currencies such as the Swiss franc and yen. The emerging market index is heading for the biggest one-day drop since 2008's global financial...

Mineral Resources

Zinc at a 7-week high due to Nyrstar's production cut; metals are down on concerns about tariffs

London metals were mostly lower on Thursday, despite aggressive Trump tariffs. Zinc surged to more than a seven-week high after Nyrstar cut production in Australia. The U.S. president Donald Trump slammed Canada on Tuesday for its retaliation to his previous tariffs. He doubled the import duty for Canadian steel and aluminium, and kept rates at 25% for all other nations, and removed prior exemptions, exclusions, and quotas. As of 0341 GMT, the price for three-month zinc at the London Metal Exchange increased by 0.3% to $2932 per metric ton. The price of zinc reached a seven-week high earlier in the...

Mineral Resources

India's April to January finished steel imports from S. Korea, China and Japan reached record high

According to preliminary government data, seen on Tuesday, India's finished-steel imports from China and South Korea, as well as Japan, reached a record in the first ten months of this financial year. India, which is the second largest crude steel producer in the world, reported that it was a net steel importer and shipped record amounts of finished steel between April and January. The data revealed that South Korea imported 2.4 million tons of finished steel, an increase of 11.7% over the previous year. South Korea was India's largest exporter of this alloy during that period. The total amount of...

Mineral Resources

Document shows that the Paris prosecutor has dropped his case against Apple regarding Congo minerals.

According to a document seen on Thursday, French prosecutors closed the case brought by Democratic Republic of Congo against Apple subsidiaries for using conflict minerals in their supply chain. In December, Apple's lawyers confirmed that the Congo had filed criminal complaints in France and Belgium against Apple subsidiaries. Apple strongly denied the allegations at the time and told its suppliers not to use minerals sourced from Congo or Rwanda. The Paris prosecutor's Office, in a document dated February 18 and seen by us, said that allegations of money laundering and deceptive practices were "not well-founded". It closed the case and...

Mineral Resources

Titan America shares soar 1.25% on NYSE debut, valued at $3 billion.

Titan America's shares rose by 1.25% on their debut at the New York Stock Exchange. The Belgian cement manufacturer now has a $2.99 billion market capitalization. The company shares opened at 16.2 cents per share, compared to the IPO price. In its initial public offering of 24 million shares, the cement producer and its parent company Titan Cement International raised $384 millions, which was within its target range. Titan America CEO Bill Zarkalis said, "The IPO allows us to use the money that we receive from the primary sales in a more effective way. We also have access to the...

Mineral Resources

Cement producer Titan America targets approximately $3.3 bln valuation in US IPO

Belgiumbased Titan America is looking for an appraisal of up to $3.32 billion in its New York listing, as the initial public offering market gets steam on hopes of a more businessfriendly environment under President Donald Trump. European companies are significantly aiming to note their U.S. systems in New york city looking for deeper capital markets, a. wider investor base, and greater appraisals. Titan Cement International, parent of Titan. America, last year revealed its intent to list the system in. New York in early 2025. The unit is providing 9 million shares, while parent Titan. Cement is offering 15 million...