Posted on 25 August 2010 by Sebastien Chu Ti
In August 2010 Ukraine announced another series of price increases for industrial gas users from US$6.5/MMBtu to US$9.6/MMBtu delivered ex-VAT. Despite the sizeable discount secured earlier in May on the DAF price from Russia bringing it down from US$350/1000m3 to US$250/1000m3 (US$10.9/MMBtu to US$7.76/MMBtu) the weakening finances of the national gas distributor Naftogaz required removal of subsidies on distribution of imported gas. At the same time the new government also made the decision to return 12 bcm of gas to the energy trading company RosUkrEnergo, from whom the Tymoshenko government seized all gas in storage belonging to the company at the start of 2009. It is not clear if Naftogaz will be able to comply with the latter in practice.
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Posted on 25 August 2010 by Sebastien Chu Ti
The pace of mergers and acquisitions is picking up again, and one of the top five listed fertilizer companies Potashcorp has found itself the target of the latest acquisition proposal. Acquisitions make sense for BHP, which has been keen to gain potash capacity, given the long lead times for greenfield mines and relative lack of unexploited reserves. There have
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Posted on 15 July 2010 by Anna Cairncross
At the last IFA conference held in Paris, Integer ran a competition where delegates were invited as part of a prize draw, to predict the winner of the World Cup. Brazil gained the highest number of votes with Spain second.
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Posted on 9 July 2010 by Sebastien Chu Ti
In Q1 2010 eight out of the top ten companies by operating profit and operating profit margin were potash producers and potash absolute operating profit (counting potash-only
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