Ritchie Bros. Auctioneers, the world’s largest auctioneer of industrial equipment, attracted thousands of bidders to seven unreserved public auctions in four countries last week - including its first ever auction in Poland. The successful multi-million dollar equipment auction in Katowice, Poland on November 14, 2008 attracted hundreds of on-site and online bidders from 26 countries. [...]
More than 5,700 people from 19 countries registered to bid on-site and online at the most recent Ritchie Bros. Auctioneers auction in Edmonton, Alberta (on October 29 - 31, 2008). Ritchie Bros., the world’s largest industrial auctioneer, sold almost 4,200 used and unused equipment items over three days, generating gross auction proceeds in excess of [...]
WGI Heavy Minerals, Incorporated announced that its board of directors has approved a special cash distribution to shareholders in the amount of US$0.80 per share. This special distribution represents a return to the shareholders of up to US$19.5 million (including distributions on shares anticipated to be issued upon the exercise of restricted stock units or [...]
Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million.
“We are very pleased to [...]
Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc., announce that a 2000-meter drill program on the Abcourt-Barvue properties starts today. On Abcourt-Barvue, one 175-meter hole is drilled to increase the indicated resources and on the Aldermac property, several holes will be drilled to extend the mineralized zone where excellent copper-zinc values were intersected [...]
Alhambra Resources Ltd. announces that on October 3, 2008 it was served with a legal claim filed in Kazakhstan that seeks to invalidate the original Partnership Unit Purchase and Exchange Agreement dated March 21, 2002 whereby Alhambra purchased Saga Creek Gold Company LLP. Alhambra disagrees with the claim, believes that the 2002 agreement is valid, [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces the acquisition of a 100% stake in HBL Holding GmbH by its Mechel Service OOO service and sales subsidiary.
The acquisition is consistent with Mechel Service OOO’s continued implementation of its program of expanding its sales network, enhancing and extending range of its services, [...]
Alhambra Resources Ltd. provide an update on a recently completed total field magnetometer survey. The magnetic survey covered an area of approximately 132 square kilometres surrounding Alhambra’s 100% owned Uzboy gold deposit located in north central Kazakhstan.
The magnetic survey has identified three large exploration targets within close proximity to the Uzboy gold deposit where the [...]
WGI Heavy Minerals, Incorporated announced that it has completed the sale of its investment in Transworld Garnet India (Pvt) Limited (TGI). The sale consists of WGI’s 74% equity interest in TGI and the repayment of debt financing.
WGI has repatriated from India US $4.85 million in cash for its 74% equity interest in TGI. In addition, [...]
Technip and its subsidiary Angoflex Ltda. have been awarded two new major frame agreements by BP Exploration Ltd. for oilfield developments in Angola, covering:
* engineering, procurement and manufacture of flexible pipe,
* engineering, procurement and manufacture of umbilicals(1) and associated equipment.
These frame agreements are part of BP’s [...]
