Nido Petroleum Philippines Ltd. plans to undertake an initial public offering (IPO) in the medium term to fund capital expenditures for future oil exploration in the Philippines, a top company official said.
David Whitby, managing director of Australia-based Nido Petroleum Ltd., told reporters on Friday that they are eyeing to eventually list their shares at the [...]
Arab Petroleum Investments Corporation (APICORP) is pleased to announce that it signed on Thursday 17th May 2007 a new USD 400,000,000/- five years Syndicated Term Loan Facility in the Kingdom of Bahrain. The Mandated Lead Arrangers for this facility were as follows: Arab Bank plc, Arab Banking Corporation (B.S.C.), Bank of Tokyo Mitsubishi UFJ, Ltd., [...]
As part of Microsoft’s initiative for education and development, the company recently held an IT awareness session at the King Fahd University for Petroleum and Minerals. The session was prepared and presented by Ahmad Alafaliq, the desktop product manager at Microsoft in Saudi Arabia who shared with students how Windows Vista and Office 2007 [...]
SXR Uranium One Inc. said on Friday that it expects uranium processing, production and market delivery to start within two months from its Dominion Reefs mine in South Africa.
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The company on Friday announced the mine’s first production of ammonium diuranate, a slurry that contains uranium and is processed for the final U3O8 product, also known [...]
South Australian Premier Mike Rann says he wants to work closely with the mining sector to ensure benefits flow from Labor’s new policy on uranium mining.
Mr Rann said the decision to dump the no new mines policy at the ALP convention at the weekend was a victory for common sense.
“The ALP conference decision on uranium [...]
BP Plc and Rio Tinto Plc formed a joint venture, Hydrogen Energy, to develop technology for producing power from coal, oil and natural gas without emitting the gases blamed for global warming.
Rio will pay $32 million to BP to form the equally owned venture, which includes two planned BP hydrogen-fuel projects in Scotland and California [...]
Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]
Saudi Arabia’s Western Way For Industrial Development yesterday said it had signed three agreements with Gerald Metals of the US to help it develop an estimated $4bn aluminum complex on the country’s Red Sea coast.
Under the agreements, Connecticut-based Gerald and its affiliates will supply bauxite to Western Way’s aluminum refinery and offtake all aluminium produced [...]
Australian iron ore prospector Fortescue Metals Group Ltd. said on Thursday it had revamped a supply agreement with Chinese steelmaker Tangshan Iron and Steel Group that increases volumes.
Tangshan, which had already agreed to take up to 5 million tonnes of ore a year from Fortescue’s western Australian mines, has committed to purchase up to a [...]
Saudi’s Western Way for Industrial Development has signed agreements with the US’ Gerald Metals relating to a proposed aluminium plant at Jazan Economic City. Gerald will supply bauxite to the plant and buy all the aluminium produced. Gerald has also agreed to fund 20% of the $4bn project, according to the promoters of JEC.
