Mechel Obtains Credit Lines From VTB Bank

Mechel OAO, one of the leading Russian mining and metals companies, announces that VTB Bank has provided the Company with credit lines in the amount of 15 billion rubles (approximately US$560 million). VTB Bank has opened one-year credit lines totaling 15 billion rubles for Yakutugol OJSHC, Southern Kuzbass Coal Company OAO and CMK OAO, subsidiaries of Mechel. The credit facilities will be used to... 

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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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EnerJex Resources Reports Operating Income for the First Quarter and Increased Production

EnerJex Resources, Inc. announce financial results from its first quarter ended June 30, fiscal 2009. The Company, which first began acquiring oil leases in April 2007, has delivered its first positive income from operations of $24,710. For the three months ended June 30, 2008, oil and natural gas revenues were $1.69 million. Oil sales volumes on a net revenue basis were 17,875 barrels compared to... 

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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... 

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Simbol Mining Secures Series A Investment From MDV and Firelake

Simbol Mining, a company focused on the production of lithium and other commodity metals using clean, zero waste production processes from brines and effluent streams, today announced completion of its Series A round of investment. The $6.7 million financing was led by MDV-Mohr Davidow Ventures and Firelake Capital. The funds will be used to complete development of processes for lithium extraction. Lithium... 

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EnerJex Resources, Inc Appoints Chief Financial Officer

EnerJex Resources, Inc has announced to the press that Dierdre “Dede” P. Jones, Director of Finance and Accounting, has been promoted to Chief Financial Officer for the oil and natural gas company. ones has been the Company’s Director of Finance and Accounting since August 2007. From May 2007 through August 2007, she provided independent consulting services to the Company, primarily in the testing... 

Oil and gas exporation company, Rock Energy Resources, Inc on Modelling Assumptions

An independent domestic oil and natural gas company, Rock Energy Resources Inc, told the press that an audio replay of the conference call hosted by management yesterday afternoon has been posted to its web site. During the call, the Company’s founder, Chairman and CEO, Rocky Emery, and Vice Chairman Mark Harrington discussed topics primarily outlined in a news announcement released shortly before... 

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

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... 

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Gary A. Adams Named U.S. Oil and Gas Leader for Energy & Resources Industry Group of Deloitte & Touche USA LLP

Deloitte & Touche USA LLP (Deloitte) announced that Gary A. Adams, Deloitte Consulting LLP, has been named U.S. oil and gas leader for the organization’s Energy & Resources industry group. In this role, Adams will be responsible for strategic oversight of the major investments Deloitte is making to continue to grow its robust oil and gas practice. Based in Houston, Adams will coordinate... 

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BioProgress plc and FMC Corporation Complete NRobe(TM) Oral Dose System Restructuring Agreement

BioProgress plc, the speciality pharma and healthcare company, and Magenta Oral Dose Design, a business unit of FMC Corporation, are pleased to confirm the finalization of the restructuring agreements regarding the licensing of NRobe technology. BioProgress and FMC have agreed to restructure their licensing partnership to more accurately reflect the intended market strategy for the NRobe technology...