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Metals - Regional - Rio Tinto expects demand from emerging economies to outweigh volatility

Thu, 09/02/2012 - 18:46
Metals demand from emerging economies will remain resilient despite the volatile global macroeconomic outlook in the near term, multinational resource group Rio Tinto's (LSE: RIO) CEO Tom Albanese sai...

Privatization - Brazil - Minas Gerais opens public consultation for US$367mn water PPP

Thu, 09/02/2012 - 18:46
Southeastern Brazil's Minas Gerais state has opened up a public consultation for a 631mn-real (US$367mn) public-private partnership (PPP) aimed at expanding the Manso river water supply system near st...

Petrochemicals - Mexico - Mexichem agrees to buy Wavin for US$705mn

Thu, 09/02/2012 - 18:46
Mexican chemical and petrochemical firm Mexichem (BMV: MEXCHEM) has agreed to buy Dutch plastic pipe manufacturer Wavin in a deal valued at 531mn euros (US$705mn). Mexichem will make a cash offer o...

Electric Power - Mexico - Long-term vision, stable growth key drivers for local wind manufacturing - Amdee president

Thu, 09/02/2012 - 18:46
Mexico requires a clearly defined long-term vision for development of its wind sector and stable growth in order to lure manufacturers to set up facilities in Mexico, Leopoldo Rodríguez, the president...

Oil & Gas - Regional - Diamond sees opportunity in mid-water for years - CEO

Thu, 09/02/2012 - 18:46
Houston-based offshore drilling contractor Diamond Offshore (NYSE: DO) sees opportunity in Brazil's mid-water drilling segment for years to come, at least until locally built rigs are available, Diamo...

Infrastructure - Colombia - El Cóndor eyes US$180mn turnover this year

Thu, 09/02/2012 - 18:46
Colombian engineering firm Construcciones El Cóndor expects to see turnover of at least 320bn pesos (US$180mn) from its infrastructure construction operations this year, company president Luz María Co...

Water & Waste - Colombia - El Cóndor expects award of US$350mn Bello treatment plant by month-end

Thu, 09/02/2012 - 18:46
Colombian engineering company Construcciones El Cóndor expects Medellín multi-utility EPM to award the city's Bello wastewater treatment plant by the end of February, El Cóndor president Luz María Cor...

Mining - Mexico - Argonaut anticipates US$30mn investment in La Colorada

Thu, 09/02/2012 - 18:46
Canada's Argonaut Gold (TSX: AR) expects to invest approximately US$30mn in its La Colorada gold-silver project in Mexico over the 9-year minelife, CEO Pete Dougherty told BNamericas. "Some US$8mn...

Insurance - Colombia - Local industry to benefit from strong economy expansion in 2012 - Fitch

Thu, 09/02/2012 - 18:46
Colombia's insurance industry in 2012 will benefit from the positive performance of the local economy, which Fitch estimates will grow some 5%, the ratings agency's insurance director, Milena Carrizos...

Info. Technology - Chile - Sonda files new EIA for US$20mn data center

Thu, 09/02/2012 - 18:46
Chilean IT systems integrator Sonda has filed a new environmental impact assessment (EIA) for a tier III data center being built in capital Santiago with a US$20mn investment, according to a company f...

Banking - Regional - La Hipotecaria has modest goals for Colombia this year, big plans for 2013 onward

Thu, 09/02/2012 - 18:46
Panama-based mortgage lender La Hipotecaria has modest growth goals for its new Colombian operation this year, but big growth plans for 2013 onwards, CEO John Rauschkolb told BNamericas. The compan...

Telecommunications - Regional - No ideological differences holding back South American fiber optic ring - minister

Thu, 09/02/2012 - 18:46
Brazil's technical proposal for the South American fiber optic ring has been very well received by all of the countries looking to participate in the project, and no ideological disagreements have man...

Metals - Brazil - Novelis reports US$12mn loss in fiscal Q3 due to market pressures, destocking

Thu, 09/02/2012 - 16:46
US-based aluminum rolled products maker Novelis (NYSE: NVL) posted a US$12mn net loss attributable to common shareholders in fiscal Q3 ended December 31 due to market pressures and greater than expect...

Privatization - Brazil - Embasa plans US$36mn Ilhéus water, sanitation projects

Thu, 09/02/2012 - 16:46
Northeastern Brazil's Bahia state water and sewerage utility Embasa is preparing more than 62.5mn reais (US$36.4mn) in water projects for the Ilhéus metropolitan region, a company spokesperson told BN...

Mining - Peru - New territorial organization law fundamental for development, expert says

Thu, 09/02/2012 - 15:46
The implementation of a new territorial organization law in Peru is fundamental for the country's sustainable development, environmental engineer Jorge Sánchez told BNamericas. Legislators are curr...

Electric Power - Regional - Vestas Americas backlog hits 2.39GW

Thu, 09/02/2012 - 15:46
Wind power company Vestas' order backlog in the Americas at end-December reached 2.39GW compared with 1.68GW at end-2010, according to a presentation by CEO Ditlev Engel. Deliveries to the region i...

Oil & Gas - Colombia - Total, Sinochem to complete Tepma deal in coming weeks

Thu, 09/02/2012 - 15:46
France's Total (NYSE: TOT) hopes to complete the sale of its Colombian subsidiary Tepma to Chinese firm Sinochem within the coming weeks, a spokesperson for the former company told BNamericas. "As ...

Water & Waste - Mexico - More developed desal market could shore up shrinking water resources - Acciona

Thu, 09/02/2012 - 15:46
The Mexican government will need to develop the desalination market over the coming years to cope with decreasing water availability, Ignacio López, Acciona Agua's director of Latin American projects,...

Infrastructure - Brazil - Airport infrastructure to see US$1.17bn public investment - Infraero president

Thu, 09/02/2012 - 15:46
Brazil's national airport authority Infraero expects to see big improvements to the country's airports in 2012 through some 2bn reais (US$1.17bn) in public spending, Infraero president Gustavo do Vale...

Petrochemicals - Brazil - Basf inaugurates sodium methylate plant in Guaratinguetá

Thu, 09/02/2012 - 15:46
Germany's Basf (NYSE: BF), the world's largest chemical company, has officially inaugurated its 60,000t/y sodium methylate plant in Guaratinguetá, in Brazil's São Paulo state. Production, which sta...