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				| BP has made its ninth discovery in its 
				deep water block off Angola and should yield about 6,000 barrels 
				of oil a day. 
 Royal Dutch/Shell has been granted 
				permits to explore for oil and gas in the Espirito Santo basin 
				off the Brazilian coast.
 
 Magnesium International, an Australian 
				company, has appointed Peter Sydney-Smith as finance director. 
				Mr Sydney-Smith held the same position at Vedanta Resources, the 
				Indian metals group, until August.
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