Compliance signs definitive agreements with West Fraser Mills Ltd. and with ITOCHU Corporation and LG International Corp.

Compliance Energy Corporation announce that it has signed definitive agreements with West Fraser Mills Ltd. (“WFM”) and with I-Comox Coal Inc,. a wholly owned subsidiary of ITOCHU Corporation and LG International Investments (Canada) Ltd. a wholly owned subsidiary of LG International Corp. (“the Parties”) to complete the purchase of approximately 29,000 hectares of WFM’s... 

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Quest Continues Plan for Production Upgrades

Quest Minerals & Mining Corp., a Kentucky-based operator of energy and mineral related properties, announced today that in addition to supplying their mine with various transportation components, the Company plans to split their beltline so that it is powered by two head drives instead of just one. Everett Hampton, President of Whitestar Mining, LLC, commented, “We have now moved our second... 

Quest Unveils Full Production Status

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, is very pleased to announce that it has reached the point in their operations where they can now move forward into full production mode. Everett Hampton, President of Whitestar Mining, LLC., commented, “We have turned the corner and have run the last three shifts with great success. Until yesterday,... 

Quest Initiates Infrastructure Upgrades for More Coal Production At Pond Creek

Quest Minerals & Mining Corp., a Kentucky based operator of energy and mineral related properties, announced today that it has purchased the necessary materials to replace and upgrade their existing 36“ beltline to a larger 42” beltline. Everett Hampton, President of Whitestar Mining, LLC. commented, “The larger conveyer system is a key improvement as it will essentially allow... 

Copper price promises better investment

Most investors have focus on mining sectors like oil, coal and steel price. Copper which is so far hasn’t been able to attract investors’ attention recently started to steal some investors’ attention with its better price in the market. copper prices have quietly hung in and held the breakout in the weekly chart. The persistent strength in copper is at odds with the relatively weak... 

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Halliburton Shares Jump After Expro Deal Ends

Halliburton Co. shares raced to a new record high as oil prices climbed and the oilfield service provider walked away from an offer to buy Expro International Group PLC. The stock rose more than 5 percent at one point in the session, touching a high of $52.84, before moving back to $52.50, up $2.45 in afternoon trading. The gains came amid a broad-based rally among energy stocks, which drove higher... 

Government Task Force Probing Oil and Commodity Markets

The federal government formed an interagency task force to assess developments in oil and other commodity markets. It is made up of staff from the Commodity Futures Trading Commission, the Federal Reserve, the Securities and Exchange Commission, and the departments of Treasury, Energy and Agriculture. The task force will examine oil supply and demand factors, investor practices and the role of new... 

Oil Heading for $130 a Barrel

Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply. U.S. light crude for June delivery reached $129.58 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 11 a.m. ET, the contract was up $2.09 at $129.14 on the New York Mercantile Exchange. One... 

Oil Crude Continues to Climb

Oil rose again, as traders kept buying on the belief that prices will just keep setting new records. Light, sweet crude for June delivery gained $2.17 to settle at $126.29 on the New York Mercantile Exchange. Crude shot up to $127.82 a barrel, a new record, earlier in the session. The market showed little reaction to the Energy Department’s announcement that it will cancel shipments into the... 

Platts Steel Markets Daily Is Now Reporting Prices Of Hot-Rolled Coil And Rebar Originating From Asia

Platts, one of the world’s foremost providers of energy and metals information, today announced it is expanding its suite of spot price assessments in global metals to include steel exported from China, specifically hot-rolled coil (HRC) and concrete reinforcing bar (rebar). “We’re pleased we can answer the steel industry’s call for a reliable source of timely, transparent and... 

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