News archive for April, 2008

Results 81 - 90 of about 125 news for the month of April, 2008.

Mass. gas prices rise another nickel a gallon

April 16th, 2008

Gasoline prices are up an average of a nickel a gallon this week in Massachusetts, and are close to a record high.
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A statewide survey on Monday by AAA Southern New England found an average price of $3.19 per gallon of self-serve, regular unleaded, compared with $3.14 a week ago.

Nickelore Limited Raises Capital and Sells Nickel Rights To Minara Resources

April 16th, 2008

Emerging nickel producer Nickelore Ltd is pleased to announce that it has raised a total of A$1.02 million from a sale of the nickel rights in the Bardoc Nickel Project (BNP) to Minara Resources Limited (ASX: MRE.AX), and a small capital raising book build. The purchase agreement signed today is expected to complete on 4 [...]

Breakaway Resources Announces 8,300t of Nickel for the Horn Deposit

April 16th, 2008

Breakaway Resources announced a maiden Inferred Resource estimate for the Horn Nickel Sulphide Deposit in WA based on the results of recent successful diamond drilling. The Company reported initial Inferred Resource of 600,000t @ 1.39% Ni and 0.30% Cu for 8,300t of contained Ni and 1,800t of contained Cu; resource remains open along strike to [...]

China’s Zhengzhou Coal to buy parent’s assets

April 16th, 2008

The price and the deal are still subject to regulatory approval, the company said. (Reporting by Langi Chiang; Editing by Lucy Hornby and Edmund Klamann) - BEIJING, April 16 - China’s Zhengzhou Coal Industry & Electric Power Co will issue up to 400 million shares to its parent to buy coal mines and other assets [...]

Foundation Coal Sr. Vice President Michael R. Peelish exercises options for 9,300 shares

April 16th, 2008

The senior vice president for safety and human resources at coal producer Foundation Coal Holdings Inc. exercised options for 9,300 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Monday.
In a Form 4 filed with the SEC, Michael R. Peelish reported he exercised options for the shares [...]

Sunflower decision spurs $789,000 in lobbyist spending for Kansas coal-fired plants

April 16th, 2008

Lobbyists have reported spending more than $789,000 during the ongoing debate over two proposed coal-fired power plants in southwest Kansas, most of it on efforts to sway public opinion.
Opponents of the plants initially reported putting far more money into their public relations campaign. But since the year began, supporters have reported six times as much [...]

Chevron denies 16.5-billion-dollar pollution damage in Ecuador

April 15th, 2008

US oil giant Chevron on Monday rejected a court report holding it liable for 16.5 billion dollars in alleged environmental damage in Ecuador between 1964-1990, saying it owes the Ecuadoran government exactly “nothing.”
“What we’ll do is challenge it point by point … and insist that the report is absurd and illegal,” Chevron’s Ecuador representative Rodrigo [...]

Oil Search sells Middle East assets

April 15th, 2008

Oil Search Ltd has sold a package of its Middle Eastern assets for $US200 million ($A216.01 million) to focus on the development of a liquefied natural gas project in Papua New Guinea.
The oil and gas producer, PNG’s largest, has sold eight assets across Egypt and Yemen to private outfit, Kuwait Energy Company KSC.
“The sale of [...]

Asia Coal-Prices rebound after 6 weeks of decline

April 15th, 2008

Benchmark energy coal prices at Australia’s Newcastle port rose after six straight weeks of decline following contract settlement between Xstrata XTA.L and Japan’s Chubu Electric 9502.T.
Thermal coal prices rose $5.83 from a week earlier to $125.42 a tonne, the globalCOAL’s NEWC weekly index showed in the week ended April 12, based on prices at Australia’s [...]

Resources gains lead market higher

April 15th, 2008

The Australian share market has surged by 1 per cent after energy stocks were boosted by higher oil prices.
The All Ordinaries Index added 55 points to 5,465 and the ASX 200 picked up 58 points to 5,400.
Resource company Woodside Petroleum closed 2.7 per cent higher on rising oil prices.
Supply concerns sent the price of oil [...]