Rajant Corporation Announces Agreement with Caterpillar Dealer, MacAllister Machinery

Rajant Corporation, a leading provider of wireless mining solutions, announced today that it has entered into a reseller agreement with Indiana-based MacAllister Machinery Co. Inc., (MacAllister ) to market, sell and support its BreadCrumb® wireless mesh communications product line. “We look forward to working with MacAllister within the Caterpillar dealer network. With this new dealer agreement,... 

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Vortex Resources Corp. to Acquire Barnett Shale Properties

Vortex Resources Corp. announced today that it has signed a Memorandum of Understanding (the “MOU”) to enter into a definitive asset purchase agreement with Blackhawk Investments Limited (“Blackhawk”), based in London, England. Blackhawk will exercise its exclusive option to acquire all of the issued and allotted share capital in Sandhaven Securities Limited (“SSL”), and its underlying... 

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Homeland Energy Group’s Kendal Mine Produces First Coal

Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant on site should begin this week. Following additional pre-stripping... 

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Mining sector sees stronger year ahead on brisk investments

THE mining industry expects to make a strong comeback this year driven by brisk investments, keen interest from major global players, higher commodity prices and more stable investment policies in place, a top industry official said. “We’re off to a good start this year,” said Benjamin Philip Romualdez, president of the Chamber of Mines of the Philippines. The industry had suffered... 

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Franklin Electric sale of Bluffton plant, 2nd ethanol project top stories of 2006

From major economic development announcements and projects in terms of two ethanol plants to the nearly completed expansion of the Wells County Library and state accolades to Norwell students, Wells County experienced good times in 2006. From the untimely and tragic deaths of several Wells County residents to the closing of an Ossian manufacturing plant that idled workers, Wells County also has experienced... 

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Essar bets big on drilling

The Essar group may invest $400-600 million over the next few years to gain a sizeable presence in both land and offshore drilling services. Essar Oilfields Services Ltd, the unlisted subsidiary of Essar Shipping and Logistics, will oversee the group’s efforts in this direction. Sources said Essar Oilfields is planning to have a ”diversified and strong fleet” of around 25 rigs... 

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US ethanol boom changes landscape for corn producers

A boom in ethanol use in gasoline in the United States has led to a surge in corn prices and changed the landscape for farmers now producing for both food and energy markets. Corn is the main crop used for ethanol, which is used as an additive in most US gasoline (petrol) and in the “E85″ fuels that some vehicles use, which have 85 percent ethanol and 15 percent gasoline. The Renewable... 

Standard Drilling Inks LOI with UMW Petropipe

Standard Drilling has entered into a Letter of Intent (“LOI”) with a wholly-owned subsidiary of the UMW Group, UMW Petropipe (L) Ltd regarding ownership, marketing and operation of two jackup rigs. The parties expect to conclude the agreements (share sale and purchase Agreement in respect of the ownership companies, a Joint Venture Agreement, Shareholder Agreement and Management Agreements... 

Colombian Indians protest oil drilling

Hundreds of Bari Indians, most clad in loincloths and carrying bows and arrows, came down from the hills in their first march ever Thursday to demand that the state-owned oil company stop drilling on sacred land abutting their reservation. The 700 protesters rallied in one of Colombia’s most war-ravaged regions on Columbus Day ”” commemorated as “Dia de la Raza” or “Indigenous... 

BP, ONGC, Cairn bid for oil, gas blocks in India

Global energy giants BP, BG and Italy’s ENI are among the bidders for oil and gas exploration rights in India’s latest and largest yet licensing round. Government officials said that India had closed the sixth round of its New Exploration Licensing Policy, launched in the late 1990s to introduce a more transparent, open bidding process. It drew bids from 62 Indian and overseas companies...