Canadian mining giant Goldcorp has agreed to buy Andean Resources Limited for C$3.6 billion, thereby adding the Cerro Negro gold deposit in Argentina to its assets.

The Cerro Negro gold project is an advanced-stage, high-grade vein system in the Santa Cruz province of Argentina, with indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver. Inferred resources total 523,000 ounces of gold and 3.12 million ounces of silver.

The government of Liberia has embarked upon a $1.6 billion palm oil project with Golden Agri-Resources (GAR), the subsidiary of Singapore palm oil producer Golden VerOleum.

The 25-year concession granted by the government, which is believed to be one of the biggest investments in Liberian agriculture, will create some 35,000 jobs in the south-eastern regions of the country.

Retailers from Europe and Asia are in an auction battle for the south-east Asian assets of the French supermarket chain Carrefour.

The French company put the stores on the market after a strategic decision to withdraw from Asian countries where it stood no chance of becoming market leader.

The portfolio consists of 40 supermarkets in Thailand, 19 in Malaysia and two in Singapore; and is expected to fetch around €780 million.

Automaker Nissan has announced a partnership with the state of Hawaii to promote electric vehicles (EVs) and their supporting charging network across the state.

The partnership was announced at the Asia Pacific Clean Energy Summit and Expo in Honolulu, and is Nissan’s first definitive agreement in the United States. The zero emission all-electric Nissan Leaf will be available in Hawaii beginning in January 2011.

Africa-focused oil company Afren has announced strong interim results on the back of higher oil prices, and looks set to double production this year.

The London-based company recorded pre-tax profits for the six months to 30 June of $75.4 million (approximately €59.2 million).

Egypt’s retail scene has barely changed in decades; but that hasn’t stopped Procter & Gamble from trying to help modernise from within, as Alan Swaby learns.

In recent times Ghana has emerged as a potential major new oil player in West Africa’s resource-rich region. Tullow Oil Ghana’s Stuart Wheaton tells Andrew Pelis of the challenges at the forefront of discovery.

Andy Haslam, managing director of iron ore producer Territory Resources, is delighted to be mirroring the growth of Asia’s resurgent economies. Jayne Flannery reports.

As governments around the world invest in power infrastructure, competition has become rife within this specialist construction sector. Mr V. Balasubramanian talks to Andrew Pelis about the strategy that has helped KEC International Ltd to make the most of the opportunity.

Strategic clarity is the key to unlocking the treasures of South Africa’s shallow gold resources for the country’s most dynamic recent market entrant. Neal Froneman, CEO of Gold One International (Africa), talks to Jayne Flannery.