Word: copper
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
These were expensive lessons, but Beijing has decided that Going Out is still a better economic strategy than staying home. Despite China's slowing economy, officials see the global recession as a prime opportunity to cheaply acquire strategically important raw materials such as iron ore, copper, oil and gas--commodities China will need in vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies...
China's huge appetite is making some foreign governments nervous. Australia blocked the Minmetals deal with Oz, citing national security, forcing the Chinese firm to revise the offer to exclude a valuable gold and copper mine. And Libya exercised its option to buy Venerex Energy, a producer based in Calgary, Canada, whose biggest asset is an oil and gas field 100 miles (160 km) southwest of Tripoli. That thwarted a $390 million bid that China National Petroleum Corp. had made to acquire Venerex. Beijing hasn't done itself any favors either. It blocked--on antitrust grounds that analysts considered flimsy...
...cleverly converted a former cashiers' hall into a light and airy ballroom that features the original 19th century glazed roof. Underground, they created a luxurious spa by transforming the bank's jewel vault into a spectacularly lit 66-ft. (20 m) swimming pool and recasting a massive steel-and-copper money vault as a manicure parlor. (See 10 things to do in Rome...
...home to the single finest collection of Mesopotamian antiquities the world has ever seen: The Vase of Warka, the first naturalist depiction of human life in stone; The Mask of Warka, the first naturalist depiction of the human face; The Bassetki statue, the first known lost-wax method of copper casting. On and on and on. Every step you take in the Iraq museum, you get to say "the first." If there were truly a cradle of civilization, you can't get closer to it than the Iraq museum. Its opening proclaims to the world that Iraq is more than...
...Considering how far mineral prices have fallen, some analysts believe Chinalco might actually be paying a premium for Rio Tinto assets. But BOC International's Xu says "the price is much, much lower for the assets - particularly iron ore and copper - than it would have been just six months ago. This seems like a pretty good deal." As long as commodity prices are depressed, Chinese companies - having learned the pitfalls of "Going Out" - are likely to be ravenous buyers...