A recently released study has revealed that Arizona’s copper mining industry contributed approximately $12.1 billion to the state’s economy and an estimated 73,100 jobs to Arizona residents in 2010.

According to the study prepared for the Arizona Mining Association (AMA), the $12.1 billion economic impact represented a 31 percent increase over 2009. Contributing to the overall performance of the copper mining industry was a rise in copper prices, partially offset by a slight decrease in production.

Sales of Mercedes-Benz reached record figures in 2011, Germany’s Daimler has announced.

Record sales in China and what the company termed “outstanding” development in the US contributed towards the figures reaching an all-time high. The brand also remains the strongest premium marque in Germany, the car maker said.

A total of 1,362,908 vehicles of the brands Mercedes-Benz, smart and Maybach were delivered to customers—around 77,000 units more than the previous record set in 2007 (1,285,900 units).

American DG Energy Inc. has been awarded a $27.4 million contract to supply clean energy to multiple residential buildings located in New York.

Under the terms of the 15-year agreement, the company will install 14 combined heat and power (CHP) systems at multiple residential buildings. The CHP systems, totaling 1050 kW, will be owned and operated by American DG Energy.

American DG Energy offers clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities.

Oil and gas exploration in the North Sea is continuing apace with the award of a new licence in the UK 26th Licensing Round to a Northern Petroleum subsidiary.

The new licence is located offshore adjacent to Northern's Isle of Wight onshore licence, PEDL 240, which was awarded in May 2008. The part blocks—98/13 and 98/14—cover the offshore extension from PEDL 240 of a prospect that was mapped prior to 2008.

Two mineral exploration licences have been granted to the Gold & Minerals JV (G&M) by Saudi Arabia’s Deputy Ministry for Mineral Resources, for a period of five years.

KEFI Minerals, an AIM-quoted gold and copper exploration company, is the operating partner of G&M, holding a 40 per cent interest. To date the company has a total of three granted exploration licences and a total of 15 exploration licence applications in the Middle Eastern country.

Global M&A activity for upstream oil and gas deals in 2011 totaled $170 billion in 726 deals, according to a new report.

The report from PLS, Inc. in conjunction with international partner Derrick Petroleum Services, includes all upstream oil and gas deals with values disclosed.

"Total deal value in 2011 dropped 19 percent from 2010 record levels, yet the number of deals increased 15 percent to a record of 726,” said Ronyld W Wise, president of Houston-based PLS, Inc.

French automotive components manufacturer Valeo has acquired 80 per cent of the China-based lighting specialist Ruby.

Chery Technology, a subsidiary of the Chinese automotive manufacturer Chery Automobile, will retain a 20 per cent stake in the company, to be renamed Wuhu Valeo Automotive Lighting Systems.

The new joint venture will design, manufacture and sell Valeo Lighting Systems products—predominantly for Chery Automobile in the Chinese market—and will be integrated within Valeo’s Visibility Systems Business Group.

For the second year in a row, Amazon's Kindle has become the biggest selling product of the year on Amazon.co.uk.

The e-reading device topped the annual bestseller list in a big year for the Brits with Adele, The Inbetweeners and The King's Speech all featuring in the top ten along with three entries from the boy wizard Harry Potter.

The Kingdom of Saudi Arabia is to purchase 84 new Boeing F-15 fighter aircraft from the US government and upgrade 70 of its existing F-15s.

Boeing chairman, president and CEO Jim McNerney welcomed the announcement. "For Boeing, this agreement represents the continuation of an enduring partnership between the company and the Kingdom that dates back to 1945 when President Franklin D. Roosevelt presented a DC-3 Dakota airplane to King Abdulaziz Al-Saud, the founder of the Kingdom of Saudi Arabia," he said.