American Midstream buys Southcross assets

American Midstream Partners LP has agreed to acquire certain assets of Southcross Holdings LP and merge Southcross Energy Partners LP into a wholly owned subsidiary in two separate deals valued at $815 million, including the repayment of net debt. The moves create a South Texas-focused partnership with an enterprise value of $3 billion, Oil&Gas Journal reported on Wednesday. American Midstream said the deals accelerate its transformation into an integrated natural gas gathering, processing and transmission partnership while building full value chain participation in gathering, treating, processing, fractionation and natural gas liquids and gas marketing. announced it was looking for a strategic partner to help exploit lithium reserves at the Maricunga and Pedernales salt fields in Atacama in north Chile’s desert region. Codelco President Oscar Landerretche said at least 10 foreign companies have expressed interest in partnering with the state firm. The two salt fields “are in the very early stages of exploration and development,” he said. Lithium is a basic component in electric car batteries, a sector expected to boom in the coming years, and Chile’s reserves are estimated to be the world’s largest, holding some 14.3 million metric tons of the mineral and the deposits are also easily accessible. unchanged amid speculation about President Donald Trump’s appointment of the next Fed chair. The US labor market “has continued to strengthen” and economic activity “has been rising at a solid rate” despite hurricane-related disruptions, the Fed’s policy-making committee said in a statement released after its two-day meeting. Citing past experiences, the central bank said the hurricanes, which hit the Gulf Coast in late August and September, are “unlikely to materially alter the course of the national economy over the medium term.” The US economy grew at an annual rate of 3 percent in the third quarter of the year, slightly lower than the 3.1 percent in the previous quarter, the Commerce Department reported last week. rise to A$1.2 billion in September. Exports grew 3 percent month-onmonth while imports remained almost unchanged. The higher export values were largely due to a 10 percent month-on-month rise in iron ore exports, “as a rise in volumes more than offset a price fall,” Paul Dales, Chief Australia and New Zealand economist at economic research consultancy Capital Economics, said in a note.