Energy Daily: Mining equipment sales set for boost, Businesses wil...

 
 
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Friday December 20 2013
 
 
Energy
 
Mining equipment sales set for boost
 
After approval of nearly $700m in government-backed financing for an Australian iron ore mine, Caterpillar predicts a boost for companies whose sales have plummeted
 
 
 
Businesses will be paid to switch off
 
 
Reform could put Mexico in oil's big league
 
 
Green snub raises fears over power plant
 
 
Resources pessimism may offer opportunity
 
 
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Oil & Gas
 
Korean Air plans disposals to cut debts
 
Korean Air and its affiliate Hanjin Shipping announce plans to raise a total of Won5tn through asset sales to repay mounting debts
 
 
 
Ex-BP engineer guilty of obstruction
 
 
Ofgem appoints Irish energy regulator
 
Mining
 
Glencore raises African copper mine stake
 
The group exercises option to buy a stake in Mutanda, a mine in the Democratic Republic of Congo, raising its indirect interest to 69 per cent
 
 
 
Steinmetz launches damages claim
 
Nick Butler
 
Energy personality of the year: Mr Freeze
 

You don't have to believe that freezing consumer energy prices is good public policy to see that just three sentences in Ed Miliband's speech to the Labour party conference in September transformed the energy scene in the UK. The opposition leader's comments sent a chill through the market, reducing the value of utility stocks and has left the coalition government struggling to respond to a completely unexpected outbreak of populism. The consequences of the speech, intended and unintended, run on and could yet force a change in energy policy across the EU.

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