Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation

Parallel Petroleum Corporation (“Parallel”), PLLL Acquisition Co. and PLLL Holdings, LLC, entities formed for the purpose of acquiring Parallel Petroleum Corporation (NASDAQ: PLLL – News) and wholly owned subsidiaries of an affiliate of Apollo Global Management, LLC, today announced that the subsequent offering period of the tender offer for all of the outstanding shares of common stock of... 

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Amalgamation of Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp.

Orvana Minerals Corp. and Orvana Minerals Asturias Corp. announced that Kinbauri Gold Corp. and Orvana Minerals Acquisition Corp., each wholly-owned subsidiaries of Orvana Minerals Corp., were amalgamated effective October 1, 2009 to form Orvana Minerals Asturias Corp. Following Orvana’s acquisition of all of the issued and outstanding common shares of Kinbauri by way of a compulsory acquisition... 

Uranium One Enters into Definitive Agreement to Acquire Christensen Ranch and Irigaray in Wyoming

Uranium One Inc. announced that it has entered into a definitive agreement to acquire 100% of the MALCO Joint Venture (“MALCO”) from wholly-owned subsidiaries of AREVA and EDF for US$ 35 million in cash. The assets of MALCO include the licensed and permitted Irigaray ISR central processing plant, the Christensen Ranch satellite ISR facility and associated U(3)O(8) resources located in... 

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China Natural Resources Consummates Acquisition of Coal Mining Company in Guizhou Province, PRC

CHINA NATURAL RESOURCES, INC. announced that, on July 10, 2009, it consummated the acquisition of (a) all of the issued and outstanding capital stock of Pineboom Investments Limited and its wholly-owned subsidiaries (the “Coal Group”) and (b) the outstanding indebtedness owing by the Coal Group to the related-party seller on the closing date. Pineboom, through its operating subsidiary,... 

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ACU Payment to Bondholders and Natasa

ACU announce that, today it unconditionally paid to the account of the trustee of the holders of bonds issued by ACU’s wholly owned subsidiary Messina Copper (Botswana) (Proprietary) Limited (“Messina”), BWP 153,091,666.66 (approx. US$20.4 million at an exchange rate of US$1/BWP7.5), being the full principal amount owing under the bonds together with accrued but unpaid interest. The... 

SouthGobi Energy Resources and Glencore International AG Sign Marketing Agreement

Alexander Molyneux, President of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, announced today that an agreement has been signed with Glencore International AG to provide SouthGobi with coking coal marketing expertise and river barging/vessel loading logistical services for SouthGobi’s Mamahak coal project in East Kalimantan, Indonesia. “We have developed Mamahak... 

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Alcoa Inc. and Aluminum Corporation of China to Explore Strategic Ventures

Chinalco and Alcoa jointly announced today that the two companies intend to explore opportunities to expand their commercial relationship by identifying strategic ventures that will benefit from the companies’ complementary strengths in bauxite, alumina, aluminum and fabricated products. “Alcoa is a respected leader in our industry and a valuable friend. We intend to grow our friendship and... 

Gulf Resources Completes Acquisition of Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has completed the acquisition of manufacturing assets involved in bromine and crude salt production owned by three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen Zhang. On January 7, 2009, SCHC signed an agreement to acquire the buildings,... 

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Gallic announces final approval of Australia exploration rights

Gallic Energy Ltd. along with its wholly owned subsidiaries announce the award of exploration rights for Block L05-8 in the Canning Basin, Western Australia. Gallic has been engaged in the application process for these Canning Basin rights since 2006. The Canning Block comprises an area approximately 294,000 hectares (726,489 acres). Gallic has identified exploration potential that would be the focus... 

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

PetroHunter Energy Corporation announced it closed the sale of its 50% working interest in eight producing oil and gas wells to Robert L. Bayless, Producer LLC (“Bayless”), for $2.3 million, effective December 1, 2008. The eight wells are located in Garfield County, Colorado, and are operated by EnCana Oil & Gas (USA), Inc. PetroHunter stated that the sale of these non-operated properties...