GE Transportation Helps Mine Efficiency Through Wheel Modernizations

GE Transportation’s Mining division announced the successful upgrade of more than 40 haul trucks since July for various mines to lower life cycle costs and improve availability and productivity of assets during the current economic downturn. The trucks have been outfitted with GE’s GDY106 AC electric drive wheel motor as GE was awarded several contracts to supply the aftermarket wheel motors to... 

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Universal Holdings Closes Acquisition and Enters Domestic North American Oil and Gas Market

Universal Holdings announced that on September 21, 2009, the company purchased 100% of the outstanding membership units of Coronado Acquisitions, LLC. In connection with this acquisition, Universal has satisfied a promissory note issued by Coronado Acquisitions, LLC in the principal amount of $3,250,000 by issuing 2,100,000 restricted shares of its common stock to the Noteholders. Coronado is a development... 

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Caterpillar Moves Forward with New Large Mining Trucks

Caterpillar is moving rapidly forward with the new large mining trucks showcased at MINExpo last year and representing the company’s largest investment ever in new mining technology. The Cat® 793F and 797F mechanical drive trucks and the 795F AC electric drive truck are all achieving milestones. The 793F and the 797F have accumulated more than 75, 000 hours of field testing and have proven their... 

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FEI Company Expands Presence in Automated Mineralogy Market

FEI Company, a leading provider of high-resolution imaging and analysis systems, today announced that it had acquired substantially all of the assets of Intellection Holdings Pty. Ltd. of Brisbane, Australia. Intellection’s primary product is the QEMSCAN automated mineralogy system. The purchase increases FEI’s presence in the automated mineralogy market for global mining companies and continues... 

Chevron Announces First Oil Production From Indonesias North Duri Field

Chevron Corporation announced that its wholly owned subsidiary, PT. Chevron Pacific Indonesia, has started producing crude oil from the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil. First oil was achieved on Nov. 14, 2008, and production is projected to increase to 34,000 barrels of crude oil per day by 2012. Initial production from North Duri Area... 

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American Titanium Works Selects Laurens County for First Titanium Mini-Mill Facility in North America and Greenville County/CU-ICAR for a R&D Tech Center

Gov. Mark Sanford and Thomas Sax, CEO of American Titanium Works (ATW), announced that ATW will build a world-class titanium mini-mill facility in Laurens County, South Carolina. American Titanium Works LLC, headquartered in Chicago, Illinois, will invest an estimated $422 million and plans to employ 320 people at its new facility in Laurens County. Under one roof, uniquely efficient manufacturing... 

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Oil Purification Systems Establishes New Oil and Gas Business Unit

Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry. Carroll joins OPS as president of the Oil and Gas Business... 

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PEMEX Deploys Energy Solutions’ PipelineManager Software

Energy Solutions International, Inc., a world-leading supplier of software solutions that optimize operational and commercial performance of oil and gas pipelines, announced that PEMEX Gas y Petroquimica Basica (PGPB) selected PipelineManager® software for comprehensive management of its 12,000 kilometers of natural gas, liquid petroleum gas and petrochemical pipelines. PGPB is one of four divisions... 

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Silver/Precious Metals: A Sleeping Giant, Poised to Run

For private investors large and small, as well as institutions, precious metals are, and continue to be the safe haven for investors in turbulent financial and uncertain national and geo-political times. “Nationally and globally speaking, the markets have never been more ripe or primed for investors seeking a safe place for their money that supports a historical track record of steady and significant... 

Elray Resources: GPX Aeroscience to Execute Aeromagnetic & Radiometric Survey on Heavily Mineralized Cambodian Property

Elray Resources, Inc., a technically-driven gold and precious metal mineral exploration company, announced today that it has hired GPX Aeroscience Pty Ltd, a highly respected Australian aeromagnetic and radiometric survey company, to survey 90km sq of its Porphyry Creek prospect in Northern Cambodia. “The awarding of this contract marks the commencement of exploration activities in what the Company... 

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