South Korea’s antitrust watchdog said Thursday it will fine four local oil companies a total of 52.6 billion won (55.9 million dollars) for fixing prices.
The Fair Trade Commission said SK, Hyundai Oilbank, GS Caltex and S-Oil colluded to raise prices for petrol, diesel and kerosene from April 1 to June 10 in 2004.
It said it [...]
Oil prices slipped but remained above $59 a barrel Thursday ahead of a U.S. government report that is expected to show crude oil inventories rose last week.
Traders were also watching developments in the Middle East, with the stage being set for a fresh showdown between Iran and Western powers over the nation’s nuclear program.
Light, sweet [...]
Nuinsco Resources Limited and Victory Nickel Inc. announce their guidance regarding the computation of shareholders’ adjusted cost base for Canadian tax purposes in connection with the arrangement (the “Arrangement”) involving Nuinsco and Victory. Pursuant to the Arrangement, each shareholder of Nuinsco received one new common share (”New Nuinsco Common Share”) of Nuinsco and [...]
Pure Nickel Inc. (”Pure Nickel”) is pleased to announce that it has received unanimous shareholder approval in connection with the special resolution regarding the Reverse Take Over (”RTO”) transaction with Nevada Star Resource Corp. (”Nevada Star”) and the amalgamation of Pure Nickel and Nevada Star.
At the special meeting held in Toronto on February 20, 2007, [...]
Nickel and tin hit new highs amid supply-side concerns and continued thin trading conditions as Chinese players celebrate the lunar year.
China is expected to resume trading next week.
Tin hit a new contract high of 13,850 usd a tonne amid falling inventories and continued concerns over supply disruptions in Indonesia.
Meanwhile another drop in LME stocks sent [...]
The House of Delegates has passed a bill to renew a nickel-per-gallon portion of the state gas tax until 2013.
Highway officials say this component of the tax will bring 55 (m) million dollars annually for roads ineligible for federal funds.
Delegates voted 82-to-17 Tuesday to send the gas tax bill to the state Senate.
Nickel fell in London, erasing an earlier gain that took the metal to a record, on speculation growth in global demand for stainless steel will slow. Lead rose to its highest ever.
Stainless-steel production will expand 8 percent this year, from 13.2 percent in 2006, Michael Widmer, director of metals research at Calyon, said by phone [...]
TRAVERSE CITY - Kennecott Minerals Co. will have to obtain at least one federal permit before drilling a nickel and copper mine in Michigan’s Upper Peninsula, the U.S. Environmental Protection Agency says.
The company plans to install an underground infiltration system to dispose of treated wastewater, said Jo Lynn Traub, director of the water division in [...]
Cabo Drilling Corp. is pleased to announce that the common shares of International Millennium Mining Corp. (”IMMC”) the company to which Cabo sold its mineral properties for 10,000,000 units, of which no less than 75% are redistributed to Cabo shareholders, will begin trading on the facility of the TSX Venture Exchange commencing at the [...]
International Millennium Mining Corp. is pleased to announce that the common shares of IMMC will begin trading on the facility of the TSX Venture Exchange commencing at the opening February 27, 2007 under the trading symbol IMI (CUSIP No. 459970). IMMC has 30,122,944 shares issued and outstanding and 44,241,287 shares fully diluted.
IMMC is a [...]
