Russian gas monopoly Gazprom may buy a stake in Portugal’s Amorim Energia, the second-biggest shareholder of Galp Energia, Portugal’s leading energy firm, the head of Amorim Energia said in a newspaper interview.
“If we are talking about possibilities, it’s a possibility. But it doesn’t depend on me, it depends on the flexibility of (Angolan state oil [...]

Russia’s OAO Rusal dethroned Alcoa Inc. as the world’s biggest aluminum producer Monday after announcing a three-way merger that will create a US$30 billion (€23 billion) giant with 12 percent of global output.
The deal underscored the rise of Russia’s commodities-based industries, which have reaped the benefits of low costs and soaring world prices, as well [...]

The Russian aluminum company Rusal on Monday announced a three-way merger to create the world’s biggest aluminum producer, dethroning the U.S. aluminum maker Alcoa and underscoring the rise of Russia’s commodity-based industries against a backdrop of rising prices.
Under the terms of the agreement, Rusal, which is controlled by the Russian billionaire Oleg Deripaska, will issue [...]

Japanese trading house Mitsui and Co. says it plans to jointly develop one of the world’s largest uranium mines in Russia to supply Japanese nuclear power plants.
Mitsui and the Russian state-owned nuclear fuel firm Techsnabexport (Tenex) will together spend nearly 29 billion yen (245 million dollars) to develop the mine, with the aim of beginning [...]

Guinea’s government has granted exploration permits for bauxite and iron ore to two companies from Japan and Brazil as the West African state intensifies efforts to develop its mineral resources, officials said. “Mitsubishi and Compan-hia Vale do Rio Doce (CVDR) have obtained mining exploration permits in Guinea. Their representatives were here in the last week,” [...]