Uranium One Announces Agreement to Acquire 50% Interest in Karatau Uranium Mine
Uranium One Inc. announced the signing of a definitive purchase agreement to acquire a 50% interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto (“ARMZ”), the Russian state-owned uranium mining company. The purchase price will be paid by way of the issuance of 117 million common shares of Uranium One and a cash payment of US$ 90 million (or equivalent promissory note)....
Mechel Announces Signing a Coking Coal Supply Contract
Mechel OAO, one of the leading Russian mining and metals companies, announces that its Mechel Trading AG subsidiary has signed a long-term coking coal supply contract with South Korean Hyundai Steel. In February 2009, visiting South Korea as a member of the Russian delegation headed by the Russian Federation Deputy Prime Minister Igor Sechin, Mechel OAO Chief Executive Officer Igor Zyuzin signed the...
Platts Top 250: The World’s Top Performing Energy Companies
Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a...
Alcoa Board Elects Kurt Waldo Vice President and General Counsel
Alcoa announced today that the Alcoa Board of Directors has elected Kurt Waldo, 53, as Vice President and General Counsel, responsible for leading Alcoa’s global legal team. He had been Deputy General Counsel with responsibility for the antitrust, merger, acquisition and divestiture practice areas. Alcoa also announced that Jake Siewert, 44, has been named Vice President, Business Development and...
Mechel OAO Announces the Commissioning of Its New Mining and Processing Plant at the Voskhod Chrome Ore Deposit
Today, the President of the Russian Federation, Dmitry Medvedev, and the President of the Republic of Kazakhstan, Nursultan Nazarbayev, officially opened Mechel’s mining and processing plant at the Voskhod chrome ore deposit in the Aktyubinsk Region, Kazakhstan. The official opening ceremony took place during the exhibition held as part of a Forum for the leaders of the border regions of Russia...
Key Energy Services Expands to Eastern Hemisphere
Key Energy Services, Inc. announced that it has agreed to invest approximately $35 million in Geostream Services Group (“Geostream”) in exchange for a fifty percent (50%) equity interest in the company. Geostream, which is headquartered in Moscow, provides drilling and workover services and sub-surface engineering and modeling in the Russian Federation. Key also has the right to purchase...
First Consignment Of Russian Uranium Fuel Reaches India
The first consignment of uranium fuel from Russia for unit-1 of 1000 MW Kudankulam Nuclear power project-KKNPP in the southern Indian state of Tamil Nadu has reached here on Monday. Nuclear Power Corporation of India limited-NPCIL spokesperson A I Siddiqui said KKNPP, comprising of two units of 1000 MW (e) each, are at an advanced stage of completion in technical collaboration with the Russian Federation...
Norilsk Nickel Offer for LionOre Receives Norwegian Approval; Norilsk Extends its Cdn$27.50 All-Cash Offer
OJSC MMC Norilsk Nickel announced that Norilsk Nickel’s proposed acquisition of control of LionOre Mining International Ltd. (Nachrichten) (“LionOre”) (Toronto Stock Exchange symbol: “LIM”; London Stock Exchange symbol: “LOR”; Botswana Stock Exchange symbol: “LIONORE”), which was notified in Norway on May 21, 2007, has been approved under the Norwegian...
Sumitomo, Sojitz May Join Project to Develop Siberia Coal Field
Sumitomo Corp., Japan’s third-largest trading company, is considering teaming up with a Russian partner to develop a coal field in Siberia that could help to meet growing demand for the fuel from Japanese steelmakers. Russian companies will take the lead in developing the Elga deposit in Russia’s Republic of Sakha (Yakutia), Sumitomo Managing Executive Officer Michihisa Shinagawa said on...
Tearlach Announces the Creation of Petroleum Advisory Board
earlach Resources Ltd. (TSX.V: TEA) Following the acquisition of a 60% interest in the Kern Front Oil Field near Bakersfield, California, the company has created an Oil and Gas Exploration and Development advisory board, and is pleased to announce the following appointees: DR. H. M. HELMIG Dr. Helmig is a geologist who has extensive experience in industry-government relations having to do with...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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