IFC, a member of the World Bank Group, has disbursed a $15 million loan to BPZ Exploración y Producción SRL, supporting a growing Latin American oil and gas company in making use of Peru’s natural resources during a time of tight credit markets.
BPZ Exploración y Producción is a Peruvian subsidiary of BPZ Resources, Inc. As [...]
Orbit Garant Drilling Inc. announced that it has entered into a major contract with Newmont Mining Corporation to provide diamond core drilling services at their Boston project in Nunavut.
Under terms of the contract, Orbit Garant expects to complete specialized core drilling over a three-year period at the Hope Bay Project. The Company will utilize [...]
Through its mining division Severstal Resources, OAO Severstal announced that the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation)(TSX: PBS) expired at 11:59 p.m. on October 24, 2008.
In order to resolve outstanding matters between PBS Coals Limited and the [...]
Western Canadian Coal Corp. announces that mining at the Willow Creek Mine has commenced as planned. Commercial production of low-volatile PCI coal should be available for sale early in 2009.
Coal markets continue to be strong, with all hard coking coal production from the Wolverine operations currently sold at approximately US$ 300 per tonne and all [...]
International Minerals Corporation reports Total Cash Costs of US$5.89 per ounce of silver produced, net of gold by-product credits (US$3.30 per ounce for Direct Site Costs) at the Pallancata Mine for the fiscal fourth quarter ended June 30, 2008 (see Table below for details). The Pallancata Mine, located in southern Peru, is jointly owned by [...]
Compliance Energy Corporation announce that it has signed definitive agreements with West Fraser Mills Ltd. (”WFM”) and with I-Comox Coal Inc,. a wholly owned subsidiary of ITOCHU Corporation and LG International Investments (Canada) Ltd. a wholly owned subsidiary of LG International Corp. (”the Parties”) to complete the purchase of approximately 29,000 hectares of WFM’s freehold [...]
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 [...]
Delta Mining and Exploration announce it has extended its land lease agreement with the option to purchase mineral rights for the 7,325 acre Ranch property which encompasses the Homestead site for an additional three years. The lease which was set to expire on December 7th will now run through December 2011.
Delta’s Chief Executive Officer, Mr. [...]
Bullion Monarch Mining, Inc., a natural resource company owning gold, silver and oil shale mining interests in Utah and Nevada, announced the Company has elected to self-fund its 80% owned oil shale technology demonstration project. The decision was made to not dilute the Company’s shares to fund this project while maintaining profitability and remaining debt [...]
Inergy, L.P. announced today that its wholly owned subsidiary, Inergy Midstream, LLC, has executed a definitive agreement to purchase 100% of the membership interests in US Salt, LLC (“US Salt”), an industry-leading solution mining and salt production company located in Schuyler County, New York, between Inergy’s Stagecoach and Steuben County natural gas storage facilities. [...]
