As previously announced, on July 3, 2008 USR Technology, Inc. entered into a letter of intent with the private French company Euroslot S.A.S. concerning the granting by Euroslot of a US$1,000,000 credit against the future supply of certain assets, called Snake Screen(TM), and an exclusive 20 year worldwide license, excluding France, Iran and Russia, to [...]

USR Technology, Inc., is pleased to announce that it has entered into a Letter of Intent, dated July 3, 2008, with Euroslot SA, a private French company which specializes in the production of metallic filtration separation media for the oil and gas drilling industry.
The letter of intent with Euroslot addresses two principal areas. The first [...]

ALBA is seeking more than $1 billion (BD378 million) in damages from a US corporation it has accused of corruption, it has emerged.
Court documents obtained by the GDN allege the company paid exorbitant prices for alumina, amounting to hundreds of millions of dollars and which continue to accumulate today.
They state the ‘outrageous’ 15-year fraud [...]

Kuwait News Agency (KUNA)) Kuwait will host on Monday the World Energy and Chemicals Exhibition and Conference held under the auspices of His Highness the Crown Prince Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah with participation of 70 local and international companies.
The four-day conference and exhibition will be inaugurated by the Minister of Electricity and Water and [...]

State-owned smelter Dubai Aluminium (Dubal) will not be able to start a $3.6 billion bauxite alumina project in the Indian state of Orissa in 2009 due to bureaucratic issues, a Dubal official said yesterday.
“Due to the bureaucratic shape in Orissa and negotiations and papers we have to go through, there will be a delay on [...]

Gulf Petroleum Ltd., a consortium of Qatari and Bahrain companies, will invest US$6 million in a coal-fired power plant in Indragiri Hulu, Riau province.
The company would cooperate with PT Ridlatama Energi Group of Indonesia in building the power plant with a capacity of 2X300 megawatts, Abdul Aziz Addulaimi, the director of Gulf Petroleum Ltd., said [...]

Arab Petroleum Investments Corporation (APICORP) is pleased to announce that it signed on Thursday 17th May 2007 a new USD 400,000,000/- five years Syndicated Term Loan Facility in the Kingdom of Bahrain. The Mandated Lead Arrangers for this facility were as follows: Arab Bank plc, Arab Banking Corporation (B.S.C.), Bank of Tokyo Mitsubishi UFJ, Ltd., [...]

Finding enough bauxite sources to feed the upcoming aluminium smelters in the Gulf will be a challenge as the region begins to emerge as a major producer of the metal. Availability of cheaper energy has encouraged new investment in aluminium production in the region.
Power is responsible for roughly one-fourth of a smelter’s operating costs, while [...]

Cleveland-Cliffs Inc., which makes iron ore pellets used to produce steel, said Monday it has completed the purchase of a Brazil-based company for $133 million in cash and gained a 30 percent stake in an ore-rich mine.
The company purchased 100 percent of the shares of Centennial Asset Mining Fund LLC, which is an affiliate of [...]

Brazilian mega-iron ore miner CVRD Thursday predicted that global iron ore and nickel markets will remain tight, and copper inventories will continue to be critically low.
During a conference call to discuss third-quarter results, CVRD Finance Director Fabio Barbosa said the CEIC Data, which specializes in Asian economic research, forecasts a 13% average annual growth rate [...]