Monday, February 18, 2008

Iron Ore for 65%more

Due to potentially inferior Steel product from China and China's high demand for more iron ore;- Japan's Nippon Steel & JFE and Sout Korea's Posco have agreed to pay Brazilian company Vale (VALE5.SA) 65% more for their Iron Ore in fiscal year 2008-2009 .
http://www.forbes.com/markets/equities/2008/02/18/japan-iron-ore-markets-equity-cx_vk_0218markets04.html
The Nikkei Japanese stock exchange reached its 2 week high. And, this lead to the pinnacle of Brazilian stock market in its most recent month, as Vale is heavily traded on the Bovespa index .BVSP of the Sao Paulo Stock Exchange. Brazilian currency also gained on the U.S. dollar.

"Japanese stocks climbed to a two-week high on Tuesday as trading houses such as
Itochu Corp rose on strong metals prices and big-name exporters were snapped up
by individual investors."

From website: http://www.reuters.com/article/hotStocksNews/idUSTKU00304120080219


Nippon Steel: - 2nd in the world for steel manufacturing
JFE Steel:- 3rd in the in the world for steel manufacturing
Takenaka Corporation:- One of Japan's top 5 contracting/ building firms

Sunday, February 17, 2008

New: Africa Energy Comission- as Raw a field as it gets

Most of us know that this was bound to happen. It was just a question of when.
Everyone in the Japan, U.S., Germany, etc. scrambling to set up functional infrastructure, transportation systems, and working on African development in numerous African countires knows that energy is important.

What is more important is that it is in the hands of African people. Like the troubled oil industry in African regions;- an alternative energy dictatorship could become potentially beyond heinous to the people in Africa who already have expensive health care costs just to stay alive. There is an enourmous amount of physical labor involved in setting up solar collector fields, alge ponds for bio-fuels, as well as other inexpensive solar collector and energy sources to put lights in African schools for children to learn.

Today: AFREC is the newly formed African Energy Comission
About 30 energy ministers from African Union countries are in Algiers for the meeting. They have been joined by representatives from other regional and international energy groups, as well as international financial institutions.

From: website- http://afp.google.com/article/ALeqM5h3WnzdNpBOVhMGGhFpBfnHcGkErQ

AFREC is formed just in time for discussion at the Third International Solar Conference.