Stingray Receives Acid Plant Cost Estimates for Feasibility Study at El Pilar Copper Project, Mexico

Peter Mordaunt, Chairman and CEO of Stingray Copper Inc. reports that the Corporation has received independent cost estimate proposals for the construction of a commercial acid plant capable of producing sulfuric acid, a necessary operating requirement at the El Pilar oxide copper project located in Sonora, Mexico. In the metallurgical process being studied for the El Pilar project, sulfuric acid is... 

Tag: steady for sulphuric acid project, h2so4 cost estimate, cost analysis for sxew plants, sulfuric acid power production, sulphuric acid plant cost estimate

Severstal Resources Announces results of Take Over bid

Through its mining division Severstal Resources, OAO Severstal announced that the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation)(TSX: PBS) expired at 11:59 p.m. on October 24, 2008. In order to resolve outstanding matters between PBS Coals Limited and the Offeror, the principal... 

Tag: pbs coal severstal november 2008, severstal gold output, canada business corporations act takeover bid, severstal african operations, russia and pbs coal

North West Upgrading Selects Praxair to Supply Oxygen in Alberta

Praxair, Inc. announced that North West Upgrading Inc. (NWU), has selected Praxair Canada Inc., the largest industrial gas supplier in Canada, to provide the industrial gases needed for its heavy oil Upgrader in Sturgeon County, Alberta, Canada. North West’s process eliminates production of coke, uses gasification to make hydrogen from the heaviest components of bitumen, and enables the capture... 

Sasol to Explore for Hydrocarbons in Papua New Guinea

Sasol Petroleum International (SPI) has obtained a 51% working interest in four hydrocarbon prospecting licenses covering a land area of 37 000 square kilometers, close to established gas fields in the “foreland” area of Papua New Guinea. Seismic surveying is scheduled to commence in October 2008. The exploration work will be carried out by newly formed Sasol Petroleum Papua New Guinea... 

Tag: coal mines in papua new guinea, director of finance atlas energy

Severstal Resources Reaches Agreement to Acquire PBS Coals

Through its mining division Severstal Resources, OAO Severstal announced that it intends to acquire the business of PBS Coals Corporation by way of an acquisition of Penfold Capital Acquisition Corporation following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying an enterprise value of US$1.3 billion. PBS is engaged in the mining, processing and... 

Tag: severstal expansion afrika, pbs coal sverstal, severstal pbs coals, pbs coals inc, sverstal acquires pbs coal

Pimentel suspects coal deals for campaign kitty

Speculations are rife that an impending power supply crisis is stage-managed to justify the jacking up of expenses in the acquisition of coal supply, enabling the government to come up with additional funds for its candidates’ campaign kitty. Senate Minority Leader Aquilino Pimentel Jr.’s latest allegation came in the light of reports on expected series of power interruptions, or ”brownouts,”... 

Calyon hikes 2007 price forecasts for lead, nickel on continued high demand

Calyon CMR has made sizeable upgrades to its 2007 forecast prices for lead and nickel on expectations for continued high demand at a time inventories are slumping, it said. The investment bank has hiked its price outlook on nickel by 12.3 pct to 34,250 usd per tonne and on lead by 26.4 pct to 1,580 usd, citing continued tightness in a market that has seen both metals hitting record highs this year...