An independent domestic oil and natural gas company, Rock Energy Resources Inc, told the press that an audio replay of the conference call hosted by management yesterday afternoon has been posted to its web site. During the call, the Company’s founder, Chairman and CEO, Rocky Emery, and Vice Chairman Mark Harrington discussed topics primarily outlined [...]
Nabors Industries Ltd, An Oil and gas driller, announced that one of its subsidiaries has priced a $750 million, 10-year offering. The company said that Nabors Industries Inc.’s offering of senior notes, due 2018, will have a 6.15 percent interest rate. The offering is an additional issuance of the same notes that were issued in [...]
Hecla Mining company has just completed the transaction. The company sold its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro Mining Ltd. (Rusoro) for $25 million, consisting of $20 million in cash and 4,273,504 shares of Rusoro common stock. A 117-year-old company, Hecla has long been well known in the mining [...]
Petroleum companies are facing the hardest time with its biggest two-day drop in 17 years. Crude oil fell over $4 a barrel on Wednesday. A surprise increase as the government announced and showed the data, especially in The U.S. James Williams, an economist at energy research firm WTRG Economics, said that If there is [...]
Mogul Energy International, Inc was notified about Sea Dragon Energy Inc Initial public offering of common shares on the TSX Venture Exchange, on July 15, 2008, raising gross proceeds of CAD $35,000,000 at $0.60 per share closing.
4 million common shares of Sea Dragon is owned by Mogul through its April 24th, 2008 Agreement of [...]
Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant [...]
ArcelorMittal announces is has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. (“Rolanfer”) which now gives it 100% control over the company.
Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap [...]
Oriental Paninsula Resourses Group Inc or known is about to be investigated by the Philippine Stock Exchange. The investigation is done on request by Nickel mining firm Platinum Group Metal Corp Inc. PGMC requested that the PSE investigate and suspend the trading of its shares for persisting to conduct mining operations in Palawan despite [...]
Ben Bernake, Federal Reserve Chairman, stated that the U.S. economy is facing “significant” risks to growth, while the Organization of Petroleum Exporting Countries lowered its forecast for world oil-demand growth for 2008 and 2009. in apart chances John Kilduff, an analyst at futures brokerage MF Global, said “Signs of economic contraction and financial-market malaise are [...]
After the Federal Reserve chairman sounded bleak notes on the U.S. economy, and world supplies loosened a bit, Crude-oil futures sank more than $6 a barrel Tuesday. After the U.S. opened its Strategic Petroleum Reserve at the onset of the first Gulf War.Light, sweet crude for August delivery settled down $6.44, or 4.4%, at $138.74 [...]
