Chesapeake Energy Corporation Announces $2.25 Billion Barnett Shale Joint Venture with Total E&P USA, Inc.

Chesapeake Energy Corporation announced the execution of an agreement for a $2.25 billion joint venture with Total E&P USA, Inc., a wholly-owned subsidiary of Total S.A. (NYSE:TOT, FP:FP) (“Total”), whereby Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. Total will pay $800 million in cash at closing and will pay an additional $1.45 billion by funding 60%... 

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Wits Basin Completes Iron Ore Joint Venture in China

Wits Basin Precious Minerals Inc. announce that China Global Mining Resources (BVI) Limited (CGMR), its 50/50 joint venture company with London Mining Plc, has completed the acquisition of two companies, Maanshan Xiaonanshan Mining Co., Ltd and Nanjing Sudan Mining Co., Ltd, which own an iron ore mine and concentrator plant located in the Anhui and Jiangsu Provinces of the Peoples Republic of China.... 

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Waratah Coal’s Alternative Infrastructure Solution Declared a Significant Project

Waratah Coal Inc. announce that the Queensland Government has declared the Galilee Coal Project (Northern Export Facility) a ‘Significant Project’ for which an Environmental Impact Statement (EIS) is required. Waratah Coal President and CEO Peter Lynch today said, “This declaration reflects the effort and cooperation that has been achieved between Waratah Coal and the Queensland... 

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MATECH Corp. Completes Inspection for Union Pacific Railroad

MATECH Corp. announced that it has completed an inspection on one Union Pacific Railroad (UP) Bridge in Nebraska using its Electrochemical Fatigue Sensor (EFS) System. The EFS technology provides information about growing cracks in structural members in a single inspection. It can also be used to verify retrofit effectiveness at the time of retrofit, without using the “wait and see” method... 

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Los Andes Copper Announces Latest Drilling Results

Los Andes Copper Ltd. announces results from the latest four holes of the drilling program at the Vizcachitas Project in Chile. Highlights of the results include Hole LAV-121A that intersected 0.53% Cu and 0.011% Mo (0.61% Cu eq(i)) over 86 metres, including 0.60% Cu and 0.007% Mo over 42 metres. A summary of results from the four holes is given in the table below. Drill hole location maps and sections... 

Hatch Ltd. Honored with Project Management Institute’s 2008 Project of the Year Award

Hatch Ltd. has been awarded the Project Management Institute (PMI) Project of the Year Award for its expansion of Quebec Iron and Titanium’s (QIT) Upgraded Slag (UGS) plant in Sorel-Tracy, Quebec, Canada. Hatch’s project was selected from a host of successfully completed projects from around the world. This award, presented on 18 October at PMI® Global Congress 2008-North America in Denver,... 

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Gossan Retains Hatch to Provide Engineering Process Support for the Inwood Magnesium Project

Gossan Resources Limited has retained Hatch of Montreal, Canada, to provide engineering process support for the Inwood Magnesium Project The agreement covers a 5-phase work program culminating with the opening of a Certificate of Authorization file with the Manitoba government for construction and environmental approvals for a production facility at Inwood, located in south-central Manitoba. The initial... 

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Motorola Broadens Portfolio of Communications Solutions for the Mining Industry

Motorola Inc. unveiled the most recent enhancements to its portfolio of voice and data solutions for the mining industry – its enhanced MOTOMESH Solo wireless broadband network solution and its Mine Safety and Health Administration (MSHA)-approved HT750 portable two-way radio. “Motorola voice and data solutions deliver real-time, reliable, business-critical communications that help ensure... 

MicroMentis Launches Novel Non-Invasive Analysis Platform for Mining Applications in North America

MicroMentis, a Canadian-based leader in solids technology, today debuted the industry’s first non-invasive platform in North America for rapidly testing and finding geological structures within the Earth’s surface. Called SWIPS(TM) (Surface Wave Intelligent Profiling System), the platform enables users to analyze, model and visualize the physical and mechanical properties of solids in a... 

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89.3% Increase in Net Profit CNOOC Ltd. Announces its Record-breaking 1H Result

CNOOC Limited announced that benefiting from both of the favorable oil price environment and its solid operational performance, in the first half of 2008, the Company’s oil and gas sales increased 63.9% compared with the same period last year, reached 54.46 billion RMB, while its net profit recorded 27.54 billion RMB, representing a notable year on year (YOY) growth of 89.3%. For the first half...