Great Lakes Dredge & Dock Corporation Announces Secondary Equity Offering

Great Lakes Dredge & Dock Corporation announced a 12.5 million share secondary offering of its common stock by certain selling stockholders. The selling stockholders include Madison Dearborn Capital Partners IV, L.P. The offering is being conducted as a public offering pursuant to an effective shelf registration statement under the Securities Act of 1933. Great Lakes will not receive any proceeds... 

Agnico-Eagle increases credit lines to over US$900 million

Agnico-Eagle Mines Limited, a long established Canadian gold producer with operations located in Quebec and Finland and exploration and development activities in Canada, Finland, Mexico and the United States, announced that it has executed a new non-amortizing US$600 million revolving credit facility, maturing June 2012. The new facility replaces a pre-existing US$300 million tranche of the Company’s... 

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Dominion, Antero Resources Amend Marcellus Shale Rights Agreement to 114,000 Acres

Dominion announced that it is amending its agreement with Antero Resources, and will assign drilling rights to 114,259 acres in the Marcellus Shale prospect to Antero for about $347 million, or about $3,037 per acre, a higher value per acre than the prior agreement. Dominion expects to close the amended agreement on September 30. The amount assigned is reduced from $552 million for 205,000 acres because... 

Tag: dominion marcellus shale acreage, dominion gas anterro, antero production, dominion energy marcellus, marcellus acreage

Agnico-Eagle doubles credit lines to US$600 million

Agnico-Eagle Mines Limited announced that it has executed a new non-amortizing US$300 million revolving credit facility, maturing September 2010. Including its pre-existing credit facility, the Company now has US$600 million of credit lines. The pre-existing facility is also a non-amortizing US$300 million revolving credit line, maturing January 2013. Both credit facilities are unsecured. The new facility... 

Mirabela makes first drawing under financing package

Mirabela Nickel Limited is pleased to announce it has drawn down US$50m under the US$80m bridge financing facility recently announced with Barclays and Credit Suisse. With construction of the Santa Rita project more than 50% complete, ongoing funding of the project has moved from equity to debt. In addition to the bridge facility, Barclays and Credit Suisse have underwritten a US$280m term loan facility... 

Shares of several large aluminum producers rise on weak inventories, supply concerns

Shares of several U.S. aluminum producers moved higher Friday as low inventories and tight supply raised prospects for continued price hikes. Barclays Capital said in a research report that demand growth for aluminum, though slower this year than last, has remained robust. Also, consumer inventories of aluminum are at relatively low levels in both the U.S. and China. Barclays further cited such persistent... 

Shares of Aluminum Producers Mostly Gain As the Price of the Commodity Rises

Shares of most aluminum producers rose Monday as prices for the commodity rose, offsetting a warning from a Deutsche Bank analyst. FBR Capital Markets analyst Amir Arif said in a client note that he is “most concerned about (Pittsburgh-based Alcoa Inc.), not so much on the expected first quarter 2008 results, but on second quarter 2008 outlook being weaker than expected, given our views of weakening... 

Indonesian coal deal done, Tatas eye ships

The Tata Power Company Ltd is exploring to buying vessels and stakes in shipping companies to transport coal from Indonesia. On Wednesday Tata Power completed its acquisition of a 30 per cent stake in Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, along with related trading companies owned by PT Bumi Resources. The agreements to purchase the stakes were signed on... 

Albidon says gets $60 mln for Zambia nickel mine

Australia’s Africa-focused miner Albidon Ltd said on Monday it had secured $60 million of senior debt financing from two major European banks for its flagship nickel project in Zambia. “The European Investment Bank (EIB) and Barclays Capital have formally approved and signed a senior debt finance facility of up to US$60 million for the Munali Nickel Project,” Albidon said in a statement. Albidon... 

Copper Falls as Chinese Supply Increases; Lead, Nickel Gain

Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced. The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change in the dollar’s value makes copper, traded in dollars, more...