New Zealand opened areas totaling more than one and a half times its land size for oil and gas exploration, saying the potential for petroleum production in the South Pacific nation has barely been tapped.
Eramet SA’s Societe Le Nickel unit suspended nickel mining on New Caledonia before an approaching cyclone expected to hit the island tomorrow, Reuters said , citing an unidentified spokeswoman for the company.
Eramet SA’s Societe Le Nickel unit, which on Jan. 14 suspended nickel mining on New Caledonia because of a cyclone, is resuming operations, Reuters reported , citing an unidentified spokeswoman for the company.
Restrictions on nickel-ore exports by Indonesia may force Japan, the world’s third-largest producer of refined metal, to source raw material from other suppliers or reduce output, Sumitomo Metal Mining Co. said.
Stocks in Switzerland were little changed, with the benchmark Swiss Market Index falling for a fourth consecutive week, as investors weighed U.S. economic data amid concern that central banks may pare stimulus measures.