Sarin Technologies, the developer, manufacturer and retailer of precision technology products for the evaluation of diamonds and gems, says Bhavani Gems, the leading Indian diamond manufacturer, exporter and sightholder of both DeBeers DTC and BHP Billiton, has taken delivery of the first Quazer II.
Posts Tagged ‘bhp billiton’
Bhavani Gems takes delivery of Sarin’s first Quazer II laser system
May 27th, 2010 |
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Let bygones be bygones?
March 19th, 2010 |
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A big African deal signals a partial thaw in Rio Tinto’s relations with China
IN ONE respect Rio Tinto’s relationship with China is clear. That country accounted for a quarter of the mining giant’s revenues in 2009, mainly because of China’s voracious appetite for iron ore. In other respects their relationship is harder to fathom. China was said to be furious last year when Rio first accepted and then spurned its offer to make a $19.5 billion investment in the Anglo-Australian firm. Four Rio employees were subsequently arrested in China for alleged bribery and commercial spying, and this week a date was set for their trial. But on March 19th, just three days before the courts were to begin hearing the cases, Rio announced it had signed a huge joint venture in Africa with none other than Chinalco, the Chinese state-backed metals firm which it had wooed and then jilted last year.
If the deal, to develop a huge iron-ore mine at Simandou in Guinea, suggests a warming in relations between Rio and the Chinese authorities, the signals from the continuing judicial proceedings against Rio’s four employees imply quite the opposite. The arrests of the four men—three are Chinese and one, Stern Hu, is an Australian of Chinese descent—were related to the annual negotiations that set the price China’s steelmakers must pay for iron ore from the world’s three big suppliers: Rio, BHP Billiton and Vale. It was widely assumed outside China that the arrests were motivated by the Chinese authorities’ pique at the way Rio had treated Chinalco. …
BHP Billiton adopts Sarin’s Galaxy 1000 diamond mapping system
March 2nd, 2010 |
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Sarin Technologies, the manufacturing of precision technology for the processing, evaluation and measurement of diamonds and gems, says BHP Billiton has adopted the group’s Galaxy 1000 automated internal diamond mapping equipment to help in the sale of rough diamonds to customers.
AusGroup awarded $127m BHP Billiton Iron Ore contract
November 23rd, 2009 |
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AusGroup says its unit AGC Industries won a A$100 million ($127 million) contract by BHP Billiton Iron Ore.
Under the deal, Australian subsidiary AGC Industries will construct an ore handling plant and the stockpile and conveyor systems.
China urges ‘respect’ in Rio case
August 3rd, 2009 |
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Beijing has called on Australia to "respect" its legal system, as it probes allegations of bribery by employees at mining firm Rio Tinto.
China’s vice foreign minister Liu Jieyu urged Canberra not to interfere after the arrest of Australian national Stern Hu and three Chinese colleagues at Rio.
They are accused of using bribery to obtain state secrets – souring relations between the two countries.
Rio denies the allegations and no charges have yet been laid.
The facts of the case would constitute a violation of Australian laws if they were to happen in Australia, said Liu Jieyu.
"The Chinese government respects the independent judiciary of the Australian judicial system. I think we would expect that the same from other countries," he added.
"By dealing with this case, we are really establishing or we are really trying to establish a good environment for all companies in China – foreign companies operating in China and local Chinese companies."
Trading partner
Last month, the Australian trade minister, Simon Crean, warned that business relations with China could be damaged if the case of the detained Rio Tinto workers was not handled appropriately.
Australian opposition politicians have complained that the arrest may be in retaliation for the collapse in June of Rio’s proposed deal with Chinese state-owned firm Chinalco.
Rio scrapped a $19.5bn (£11.8bn) investment by Chinalco in favour of a tie-up with fellow Anglo-Australian miner BHP Billiton. Rio Tinto is now finalising a deal with BHP to merge their iron ore operations in Western Australia.
However, Mr Crean did not believe that the two incidents were related
China is Australia’s biggest trade partner, worth $53bn in 2008. Of this, $14bn came from iron ore exports, powered by Rio Tinto and BHP Billiton.
The world’s fastest-growing economy, China consumes more than half the globally-traded iron ore. China needs Australia’s resources and Australia needs Chinese demand.
It has been thanks to the robust Chinese demand for its natural resources that Australia has so far managed to avoid falling into a recession.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Rio Tinto ‘concerned’ about staff
July 17th, 2009 |
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Rio Tinto has said it is "very concerned" about its four employees detained in Shanghai amid accusations of bribery and spying.
The company said the allegations are "wholly without foundation".
Stern Hu, an Australian, and three of the firm’s other employees were detained in China last week.
The detentions come amid negotiations about iron ore prices between Australia and China and has cast a shadow on relations between the two countries.
"Rio Tinto believes that the allegations in recent media reports that employees were involved in bribery of officials at Chinese steel mills are wholly without foundation," Sam Walsh, chief executive of Rio Tinto’s Iron Ore division, said.
"We remain fully supportive of our detained employees, and believe that they acted at all times with integrity and in accordance with Rio Tinto’s strict and publicly stated code of ethical behaviour," he added.
Scrapped merger
The company said it continued to operate in China and is maintaining iron ore shipments from Australia.
Earlier this week, China extended its investigations into alleged spying and bribery by Rio Tinto employees to executives at five Chinese steelmakers.
Officials at Baosteel Group, Anshan Iron & Steel Group, Laigang Group and Jigang Group are being questioned.
Analysts say the allegations have cast a shadow over resource-rich Australia’s trading relationship with China.
In June, Rio scrapped a $19.5bn (£12.1bn) deal with China’s state-owned Chinalco in favour of a tie-up with rival giant BHP Billiton, which angered some in Beijing.</p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.