Green Energy Resources to Buy Stake in New England Pellet Mill

Green Energy Resources looks to purchase a fully operational New England wood pellet mill. Terms of the purchase were not disclosed and are subject to financing. The mill has capacity to produce upwards of 10,000 tons monthly and could generate approximately $24 million dollars annually in gross revenues for the company. Green Energy Resources is a supplier of the mill with wood biomass. The pellet... 

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Gold Demand Surges as Investors Turn to Wealth Preservation

Fears of future inflation and ongoing financial uncertainty led investors to continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities. Total demand for gold in Q1’09 rose 38% year on year to 1,016 tonnes, representing a 36% rise in value terms to US$29.7bn. According to figures published today by World Gold Council (WGC) in its Q1’09 Gold Demand... 

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Interest in Gold Surges as Investors Seek Diversification

Ongoing risk aversion, growing uncertainty over where consumer prices are headed and a renewed vigor in the search for effective portfolio diversifiers all supported gold investment demand throughout the first quarter of 2009, according to World Gold Council’s latest Gold Investment Digest. “One reason the financial crisis has been so devastating for investors is that many alternative assets did... 

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Treasury Metals Submits Proposal for the Acquisition of Sierra Minerals

Treasury Metals Inc., confirmed that it has submitted a non-binding proposal for the acquisition of all of the issued and outstanding common shares of Sierra Minerals Inc. pursuant to a takeover bid or other business combination transaction. Treasury proposes that Sierra shareholders would receive 0.8 common shares of Treasury for each 1.0 outstanding common share of Sierra. This exchange ratio implies... 

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Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

Aegean Marine Petroleum Network Inc. announced that Horizon Tangiers Terminal S.A. (HTTSA), a special purpose consortium, has named Aegean as the exclusive bunkering company for the new port in Tangiers, Morocco. The agreement, which is scheduled to become effective in January 2009 upon completion of final documentation, will further expand Aegean’s global presence. The appointment of Aegean... 

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Delek US Holdings, Inc. Confirms One Fatality from Tyler Refinery Fire

Delek US Holdings, Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, today confirmed that there has been one fatality resulting from a fire which occurred at the Company’s 60,000-barrel-per-day Tyler, Texas refinery on Nov. 20. “We are deeply saddened by the loss of our friend and colleague. Our thoughts and prayers remain with the family,”... 

Further Supplementary Information Memorandum Lodged for Waratah’s ASX Listing

Waratah Coal Inc. advises that a further (fifth) Supplementary Information Memorandum dated November 7, 2008 has been lodged as part of its Listing Application to the Australian Stock Exchange Limited (“ASX”) and can be viewed on the Company’s website www.waratahcoal.com or on www.sedar.com. The additional disclosure summarises the Company’s announcement of an Exploration Target... 

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Natural Gas Summit Keynote Speaker Says Marcellus Find May Be Larger than Earlier Estimate

Terry Engelder, professor of geosciences in Penn State’s College of Earth and Mineral Sciences, who recently announced that the Marcellus natural gas find is potentially larger than his earlier estimates, will be a keynote speaker at the upcoming Pennsylvania Natural Gas Summit, an outreach program of Penn State. The summit will be held at the Ramada Conference Center in State College on Dec.... 

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VIPR Industries Signs Termsheet for Acquisition of Revenue Producing Zereko Inc. and Its IVAC Industrial Unit. Client List Includes General Motors and Inco Among Others

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 several potential companies... 

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InterOil Announces Direct Participation in Elk/Antelope Field by PNG Government Entity, Petromin

InterOil Corporation, announced that it has agreed with Petromin PNG Holdings Limited, a government entity mandated to invest in resource projects on behalf of the Independent State of Papua New Guinea, for Petromin to take a direct interest in the Elk/Antelope field. Petromin will contribute an initial deposit and will fund 20.5% of the costs of developing the field. The agreement remains subject... 

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