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, [...]
The Fort Hills Energy L. P. announced that it will defer the final investment decision on the mining portion of the Project until a cost estimate consistent with the current market environment can be established. The Partnership now anticipates making a final investment decision in 2009. The Sturgeon Upgrader portion of the Project will be [...]
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 [...]
Franklin Mining, Inc. Chairman and CEO William Petty has confirmed that the company’s Bolivian joint-venture mining project anticipates accepting delivery of the first of several trucks during the week of November 24, 2008. Additional units will be received in following weeks. Manufactured by Volvo, fifteen ton trucks will be used to transport the Escala’s stockpiled [...]
Oil Purification Systems, the leader in fluid cleaning technology, today announced the formation of a new Oil and Gas Business Unit, and the appointment of Steve Carroll as president of the group. The newly formed business unit was established to provide additional support for OPS’ current and prospective customers in the oil and gas industry.
Carroll [...]
AVEVA, the leading supplier of engineering IT systems for the plant and marine industries, today announced further expansion into Latin America with the opening of AVEVA do Brasil in Rio de Janeiro. This office, the latest in AVEVA’s expanding global platform, will provide premium product solutions and support for its growing customer base in Brazil, [...]
Gray Creek Mining Inc. announces that effective November 10, 2008, it has acquired from Budget Waste Inc., a Nevada corporation its wholly owned subsidiary, Budget Waste Inc., an Alberta corporation, which holds and controls 100% of BWI’s assets and business operations, for approximately 52% of the outstanding shares of common stock of Gray Creek in [...]
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 [...]
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 [...]
