Northwest Pipe Reports Record Results

July 23, 2008 Filed Under: Mining Equipment  

Northwest Pipe Company reported record sales, earnings and backlog for the second quarter of 2008. Sales in the second quarter ended June 30, 2008 were $112.1 million compared to $101.9 million in the same quarter of 2007. Net income in the quarter was $8.4 million, compared to $5.7 million in the second quarter of 2007. Per share earnings were $0.90 in the second quarter of 2008 compared to $0.61... 

Alcoa Sends Letter to Alcan Board Outlining Commitments to Quebec; Will Meet Requirements of Agreement between Alcan and Quebec Government

May 18, 2007 Filed Under: Bauxite Mining, Lead Mining  

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 which its offer to acquire... 

Universal Energy Corp.’s Rapid Growth Initiative Continues With Another Significant Oil and Gas Project

May 13, 2007 Filed Under: Mining Services, Oil and Gas  

Universal Energy Corp., following its business plan for the rapid expansion of its oil and gas business, has entered into a participation agreement for another significant oil and gas prospect in Southeastern Louisiana. Known as Lake Campo, this 3-D prospect has proven but undeveloped reserves that are located in the prolific Middle Miocene Trend, which stretches across most of Southeast Louisiana.... 

Universal Energy Corp.’s Rapid Growth Initiative Continues With Another Significant Oil and Gas ProjectUniversal Energy Corp. (OTC Bulletin Board: UVSE – News), following its business plan for the rapid expansion of its oil and gas business, has entered into a participation agreement for another significant oil and gas prospect in Southeastern Louisiana.

May 11, 2007 Filed Under: Oil and Gas  

Universal Energy Corp., following its business plan for the rapid expansion of its oil and gas business, has entered into a participation agreement for another significant oil and gas prospect in Southeastern Louisiana. Known as Lake Campo, this 3-D prospect has proven but undeveloped reserves that are located in the prolific Middle Miocene Trend, which stretches across most of Southeast Louisiana.... 

Parallel Petroleum Announces 1Q 2007 Earnings & Operations Conference Call & Webcast

April 20, 2007 Filed Under: Oil and Gas  

Parallel Petroleum Corporation will host a conference call to discuss the Company’s financial and operational results for the first quarter ended March 31, 2007, on Thursday, May 10, 2007, at 2:00 p.m. Eastern time (1:00 p.m. Central time). This call will be webcast by Thomson/CCBN and will be accessible at Parallel’s web site at www.plll.com. The webcast will also be distributed through... 

Universal Energy Corp. Expands Oil and Gas Business

April 16, 2007 Filed Under: Oil and Gas  

Billy Raley, CEO of Universal Energy Corp. announced that it has signed a participation agreement to expand the oil and gas exploration and production segment of the company into Southeastern Louisiana. “The signing of this agreement with YUMA Exploration and Production Company, Inc. on their Caviar prospect continues our growth strategy to acquire low risk in-field oil and gas rights that offset... 

Uranium Resources, Inc. Files for Extension of Form 10-K Filing Deadline

March 13, 2007 Filed Under: Uranium Mining  

Uranium Resources, Inc. announced it has requested a 15-day extension from the Securities and Exchange Commission relating to the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2006. The Company requested the extension because it does not expect to complete the preparation of management’s assessment of internal controls over financial reporting as required by... 

Barrick Gold’s Profit Surges on Higher Prices, Output

February 22, 2007 Filed Under: Mining Stocks, Precious Metal  

Barrick Gold Corp., the world’s largest gold producer, said fourth-quarter profit more than doubled as prices climbed, and acquisitions and new mines boosted production. Net income surged to $418 million, or 48 cents a share, from $175 million, or 32 cents, a year earlier, the Toronto-based company said today in a statement. Sales gained 74 percent to $1.35 billion. Barrick overtook Newmont Mining... 

Universal Energy Corp. Second Acquisition Strengthens Diversification

February 6, 2007 Filed Under: Mining Services, Oil and Gas  

Universal Energy Corp. announced the acquisition of Williston Crane LLC, a Florida-based energy services provider. The letter of intent to purchase Williston Crane is the second in a series of recent agreements targeted in Universal Energy’s aggressive growth and diversification strategy to continue strengthening its corporate structure. Universal’s intent to purchase PowerTown Line Construction... 

Most Asian Markets Rally as Nikkei Hits 10-Month High and India, Australia Reach Records

February 2, 2007 Filed Under: Mining Services, Mining Stocks  

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high. Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 index climbed 27.61 points, or 0.16 percent, to wrap up the...