Russia to Partially Privatize Rosneft, Aiming to Raise US$11 Billion

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As part of the economic development plan for 2016, the Russian government is planning to partially privatize its flagship oil producer, Rosneft. Russia is hoping to get more than US$11 billion from the sale of a minority stake of Rosneft before the end of the year. This will help plug financial deficits in the Russian economy caused due to low crude prices. However, sanctions imposed on Moscow over its actions in Ukraine and the cautious approach of investors in investing money in Russia can prove to be detrimental for the Russian market. Added to this is the volatile nature of the commodity market. Rosneft is hoping to repeat the success it had a decade ago, when it managed to raise US$11 billion from its initial share offering.

Read more: http://www.researz.com/russia-partially-privatize-rosneft-aiming-raise-us11-billion

Ritchie Bros to Acquire Online Heavy Equipment Dealer IronPlanet for US$758.5 Million

RITCHIE BROS. AUCTIONEERS - Ritchie Bros. final auctions of 2013

Canadian-based Ritchie Bros Auctioneers Incorporated is acquiring IronPlanet for approximately US$758.5 million to accelerate its customer centric multi-channel diversification strategy. Ritchie Bros is world’s largest industrial auctioneer and a leading equipment distributor. IronPlanet is a leading online marketplace for used heavy equipment and other durable asset sales. IronPlanet will complement Ritchie Bros’ primarily end-user customer base as it focuses mainly on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. Its sales are mainly conducted through online-only platforms, with weekly online auctions and in other equipment marketplaces.

Read more: http://www.researz.com/ritchie-bros-acquire-online-heavy-equipment-dealer-ironplanet-us758-5-million

 

GCL-Poly Energy to Bid for SunEdison’s Solar Material Assets for US$150 Million

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The Hong Kong listed GCL-Poly Energy Holdings Ltd, has agreed to buy solar material assets of SunEdison, the bankrupt US renewable energy company, for US$150 million. This acquisition includes SunEdison’s subsidiaries, such as SunEdison Products Singapore Pte., MEMC Pasadena Inc. and Solaicx Inc., as well as SunEdison’s stake in a Korean joint venture, SMP Ltd. The acquisition excludes MEMC’s manufacturing facility in Pasadena, Texas. The sale of SunEdison’s solar materials business is the latest in a series of deals designed to raise money for creditors.

Read full news: http://www.researz.com/gcl-poly-energy-bid-sunedisons-solar-material-assets-us150-million

Drop in Stocks of Major Gold Mining Companies

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Gold prices dropped sharply against an exchange trade in New York, falling to $1327 per ounce. Gold is coming off a two-year high that it experiences earlier this month and this year to date it is still higher by more than 25% or nearly $270 an ounce.  The biggest drivers of the surge in gold prices for 2016 such as large scale gold futures and options speculators or investors such as hedge funds have been clearing back bullish bets and the frantic buying of the physically-backed gold exchange-traded funds (ETFs) have moderated.

Read Full News At: http://www.researz.com/drop-stocks-major-gold-mining-companies

Engro Investing $840 Million in Power Sector As Part of Its Expansion Plans

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Engro Corporation of Pakistan is planning to invest at least $840 million to serve the energy-starved country. This is part of its strategy to shift towards the power sector and construction at the $2 billion coal-based electricity plant at Tharpaker has already started. The plan is to construct a 450 MW Liquefied Natural Gas (LNG)-fuelled power generation plant and a second LNG terminal, respectively, at a cost of $700 million and $140 million. Engro is a Pakistani public multinational corporation based in Karachi with subsidiaries involved in production of fertilizers, foods, chemicals, energy and petrochemicals.

Read Full News At: http://www.researz.com/engro-investing-840-million-power-sector-expansion-plans

4D is the Next Big Thing in Printing Customizable Smart Materials

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Scientists at the Lawrence Livermore National Laboratory in California have used a `smart ink’ made from soybean oil, polymers and carbon nanofibers, which could be “programmed” into a temporary shape at an engineered temperature, determined by the chemical composition. With this, the researchers demonstrated that 3D print objects can change shape when heated using an electrical current or with ambient air temperature. They can even be folded and unfolded. This process of 3D objects being capable of changing shape is actually known as 4D printing in the additive manufacturing industry. This technology finds extensive use in healthcare industry, in aerospace for solar arrays or antennae that can unfold and also for flexible circuits and robotic devices.

Read Full News At: http://www.researz.com/4d-next-big-thing-printing-customizable-smart-materials

Manufacture of Plastics See Great Future due to Joint Research by ExxonMobil and Georgia Institute

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Scientists from ExxonMobil and the Georgia Institute of Technology have developed a new revolutionary technology that can significantly reduce the amount of energy and emissions associated with manufacturing plastics. At an industrial scale, this new technology can help reduce the global annual carbon dioxide emission of the plastics industry by at least 45 million tons. This is equivalent to the annual energy-related carbon emissions of about 5 million US homes. The breakthrough technology can help reduce the global energy costs used to make plastics by up to $2 Billion per annum. The new technology leading to the major cuts in chemical manufacturing energy use and emissions is a molecular-level filter. It is a filter with microscopic holes to do what an enormous amount of heat and energy currently do in a chemical process similar to that found in oil refining.

Read Full News At: http://www.researz.com/manufacture-plastics-see-great-future-due-joint-research-exxonmobil-georgia-institute