Midway Gold Corp. reports the two vacancies on the board of directors have been filled by the appointment of Daniel Wolfus and Frank Yu as directors. It is with regret that we report that Brian Bayley has resigned as a director, and the board and management of the Company sincerely thank him for his guidance, [...]
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 [...]
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 [...]
Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]
U.S. Energy Corp. , a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that in light of current economic conditions it intends to suspend finalizing its application for a listing on the Toronto Stock Exchange.
“In light of the turbulent market conditions in the last quarter, [...]
Pure Nickel Inc. announce that it has entered into an exploration and option agreement with ITOCHU Corporation, a multi-billion dollar Japanese conglomerate. The agreement provides ITOCHU with the right to earn up to a 75% interest in Pure Nickel’s 720-square-kilometre MAN Alaska property by investing up to $40 million in further exploration and development of [...]
Claude Resources Inc. announces that it has entered into a Purchase and Sale Agreement with a private Canadian corporation, pursuant to which the Purchaser has agreed to purchase a majority of the oil and natural gas assets owned by Claude. If all of the assets subject to the Purchase and Sale Agreement are ultimately sold [...]
Waratah Coal Inc announce a coal exploration target of 205 - 415 Billion tonnes in its Galilee Basin tenements and tenement applications.
The exploration target has been declared following a broader tenement study using current and historical data. This data includes exploration drilling from the known resources previously declared by Waratah and others. Additionally it draws [...]
VIPR Industries Inc. announces that it has executed a term-sheet for the acquisition of revenue producing Vancouver B.C. based Zereko Inc. and its highly touted proprietary IVAC Industrial unit. Some of Zereko’s current clients include notable companies such as General Motors, Inco, and Falconbridge among several others.
VIPR Industries has been in the process of reviewing [...]
Marathon Oil Corporation announced the completion of the sale of its non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. Centrica plc, the parent company of British Gas, acquired the interests for a total value of $416 million, which includes a $375 million purchase price and $41 million in [...]
