North Atlantic to Commence Trading on TSX Venture Exchange
North Atlantic Resources Ltd. announces that, further to its news release of December 1, 2009 the common shares of the Company will commence trading on the TSX Venture Exchange effective at the opening of trading on Friday, December 18, 2009. The Company is classified as a Tier 2 Mineral Exploration/Development Company on the TSX Venture Exchange. The common shares of the Company will cease trading...
Etruscan converts ownership interest in Samira to a royalty interest
Etruscan Resources Inc. reported today that it has concluded the sale of its interest in the Samira Hill Gold Mine located in Niger, West Africa to SEMAFO Inc. for US$3 million together with a 1.5% net smelter return royalty on additional ounces produced from the Samira Project in excess of 750,000 ounces as from July 1, 2009. SEMAFO has been the operator of the Samira Hill Gold Mine since 2004 during...
Homeland Energy Finalizing Extension of Agreement Deadline for Appolo Mines and Diversified Energy
Homeland Energy Group Ltd. is finalizing an extension of the agreement deadline with the vendors of Appolo Mines and Diversified Energy of Middlesboro, Tennessee and Knoxville, Kentucky respectively as the current agreement expires today. Homeland Energy Group Ltd. is a coal producer with operations the Witbank area of South Africa. The company also has a large-scale development property in South...
ExxonMobil Enters Black Sea with Exploration Agreement in Turkey
Exxon Mobil Corporation announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Türkiye Petrolleri Anonim Ortakl??? (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration. ExxonMobil will become operator during the initial exploration phase and earn...
Energem – US$3.6 Million Bridging Loan to Westhouse International Tobacco Holdings Limited
Energem Resources Inc announces that on 22 October 2008 it advanced a short term bridging loan of US$3.6 million to Westhouse International Tobacco Holdings Limited. The Bridge is repayable on demand and accrues interest at US$ LIBOR plus 3%. The parties intend to renegotiate the terms of the Bridge in due course to put in place a convertible loan with a six month term secured over certain of Westhouse’s...
Energem completion of Nigerian facility disposition
Further to the announcement on November 6, 2008, Energem Resources Inc. announce that, following approval from over 99% of votes cast at the Company’s recent shareholders’ meeting in respect of the Company’s proposed disposal of the remaining 30 percent interest in the refined fuel product tank farm and distribution facility at Apapa Port, Lagos, Nigeria for a gross cash consideration...
Homeland Energy to Reacquire Full Ownership of South African Subsidiary
Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million. With this repurchase, Homeland Energy Group Ltd. retains 100%...
Sasol and Shenhua Ningxia Coal Industry Contract Engineering Companies to Advance 80 000b/d CTL Study
The Shenhua Ningxia Coal Industry Group and its partner Sasol, today signed a contract with Foster Wheeler International Corporation and Wuhuan Engineering Company to carry out the Feasibility Study for an 80 000 bbl/d coal to liquids (CTL) plant at the Ningdong Chemicals Base in the Ningxia Hui Autonomous Region of China. The Ningdong base is already well advanced with a number of operating plants...
Calvalley Signs First Production Sharing Contract in Ethiopia
Calvalley Petroleum Inc. announce that it has entered into its first Production Sharing Contract with the Ethiopian Government for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks under a single contract covering a total area of over 46,470 square kilometers (11.5 million acres). Both blocks are located in the western part of the country, adjacent to...
Homeland Energy Holds Official Ceremonies for Kendal Mine Opening, South Africa
Homeland Energy Group Ltd., in conjunction with Homeland Energy & Mining, SA, held grand opening ceremonies for the Kendal Colliery yesterday at the Kendal site, approximately 90km east of Johannesburg earlier this week. Following a tour of the mine and plant sites, as well as the new housing community Homeland has built for local residents, Deputy Minister of Minerals & Energy, Ms. Futhi...
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Gentor Resources Inc. closes acquisition of APM Mining Limited
GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing...
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