Cypress to set up $50 million solar fab in India

Cypress to set up $50 million solar fab in India

Cypress Semiconductor is in talks with the government of Andhra Pradesh in southern India to set up a solar “fab center” that would produce solar cells and wafers.
Cypress has mentioned India as a possible location for manufacturing solar cells that are in growing demand. The Philippines, where SunPower maintains an office, has also been mentioned [...]

December 21st, 2006

Linn Energy is buying oil, natural gas properties

Linn Energy is buying oil, natural gas properties

Linn Energy, a Houston-based independent oil and gas company, announced this week it will acquire oil and natural gas properties in Texas and West Virginia in three separate transactions for $454 million.
Linn Energy, which recently relocated from Pittsburgh, did not identify the Texas company or Appalachian Basin properties it is acquiring. Chief Financial Officer Kolja [...]

December 21st, 2006

Flair Petroleum Corporation Completes Audit of Its Financial Statements for Fiscal 2006

Flair Petroleum Corporation Completes Audit of Its Financial Statements for Fiscal 2006

Flair Petroleum Corporation reports that the Company has completed its fiscal 2006 annual financial audit. The Company’s audited financial statements can be accessed via our website at: www.flairpetroleum.com. Although the Company is under no obligation as a non-reporting issuer to provide audited financial statements, we have nonetheless made them publicly available when completed to emphasize [...]

December 21st, 2006

Allis-Chalmers Energy Closes Acquisition of Assets of Oil & Gas Rental Services, Inc.

Allis-Chalmers Energy Closes Acquisition of Assets of Oil & Gas Rental Services, Inc.

Allis-Chalmers Energy Inc. announced the completion of its acquisition of substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana-based corporation that provides rental tools to both offshore and onshore exploration and production companies. The purchase price consisted of $291.0 million in cash and 3.2 million shares of Allis-Chalmers common stock. In [...]

December 21st, 2006

Petra granted Koffiefontein mining right

Petra granted Koffiefontein mining right

Petra Diamonds subsidiary Blue Diamond Mines has been granted the mining right for the Koffiefontein diamond mine by the South African Department of Minerals and Energy, the group said today.
Earlier this week, Petra conditionally agreed to buy the mining and associated capital assets previously used by De Beers in the operation of the Koffiefontein mine [...]

December 21st, 2006

FFMS consolidated issues of MMC Norilsk Nickel’s shares

FFMS consolidated issues of MMC Norilsk Nickel’s shares

The Federal Financial Markets Service (FFMS) has informed MMC Norilsk Nickel that it resolved on December 12, 2006 to consolidate issues No.1-04-40155-F and No. 1-05-40155-F of ordinary registered non-documentary shares of MMC Norilsk Nickel.
The Company requested that FFMS approve the consolidation of these issues of shares based on the Resolution by Federal Commission for Markets [...]

December 21st, 2006

First Nickel chasing down mineral potential

First Nickel chasing down mineral potential

In a year fraught with production lags, First Nickel is rebounding as positive drill results from its Sudbury’s Premiere Ridge Project and impending plans to develop new ore resources kick the company into high gear.
Standing out as a highlight for new president and CEO, William Anderson is one particular drill hole at the Premier site. [...]

December 21st, 2006

Falcon Oil & Gas Ltd. Receives Approval of Closing Report for Mining Plot and Provides Operations Update in Hungary

Falcon Oil & Gas Ltd. Receives Approval of Closing Report for Mining Plot and Provides Operations Update in Hungary

Falcon Oil&Gas Ltd. announced that it has received written approval from the Hungarian Mining Authority based on the Geological Closing Report covering the estimated resource underlying Falcon’s two exploration licenses. The Mining Bureau approval is based on the Hungarian Geological Survey recommendation.
Approval of Closing Report
On December 21, 2006, Falcon received written acceptance and approval of [...]

December 21st, 2006

Permit delay may hit Turkey nickel mine project

Permit delay may hit Turkey nickel mine project

Completion of European Nickel Plc.’s Turkish nickel project may be hit by delays in securing a forestry permit, the company said.
ENickel said it had yet to secure the licence needed to clear the site for its Caldag mine project in western Turkey ahead of construction work.
“The company currently believes that construction activity can be partly [...]

December 21st, 2006

Pinetree Capital Ltd. Acquires Common Shares of Independent Nickel Corp.

Pinetree Capital Ltd. Acquires Common Shares of Independent Nickel Corp.

Pinetree Capital Ltd. , announces that on December 18, 2006 it acquired ownership of 1,500,000 common shares (”Common Shares”) of Independent Nickel Corp. (”Independent Nickel”), which represents approximately 4.7% of the total issued and outstanding common shares of Independent Nickel as of December 18, 2006. Pinetree now holds 3,750,000 common shares in Independent Nickel, which [...]

December 21st, 2006