Industry

News tagged with Industry on Mining Top News

ArcelorMittal Announces Acquisition of Concept Group

July 21st, 2008
ArcelorMittal Announces Acquisition of Concept Group

ArcelorMittal, the world’s largest integrated metals and mining company, today announces that it has signed an agreement to acquire the Concept Group (“Concept”).
Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 million tons of metallurgical coking coal in 2007 and [...]

US oil and gas rigs rises by 6

July 21st, 2008
US oil and gas rigs rises by 6

The number of rigs actively exploring for oil and natural gas in the United States rose by six this week to 1,928. A year ago, the rig count stood at 1,790.
Of the major oil- and gas-producing states, Texas gained 14 rigs, Oklahoma added five and Alaska and California each gained one. Louisiana lost nine rigs, [...]

Precision Drilling Trust’s Cash distribution has been approved

July 21st, 2008
Precision Drilling Trust’s Cash distribution has been approved

Precision Drilling Trust’s released a report that its cash distribution has been approved by the board of trustees of $0.13 per trust unit of Precision. The distribution will be payable on August 15, 2008 to unitholders of record on July 31, 2008. The ex-distribution date is July 29, 2008. Holders of Class B limited partnership [...]

Atlas Pipeline Partners, L.P. and Atlas Pipeline Holdings, L.P to host earning conference call

July 19th, 2008
Atlas Pipeline Partners, L.P. and Atlas Pipeline Holdings, L.P to host earning conference call

Atlas Pipeline Partners, L.P and Atlas Pipeline Holdings, L.P the two mining companies that own the general partner interest and 5.5 million common units of Atlas Pipeline Partners, announced today that they will release their second quarter 2008 results after market hours on Thursday, July 31, 2008, and invites investors and other interested parties to [...]

Atlas Pipeline Partners, L.P on Termination of Certain Hedge Contracts

July 19th, 2008
Atlas Pipeline Partners, L.P on Termination of Certain Hedge Contracts

Atlas Pipeline Partners, L.P, has recently recently released a report saying that it anticipated increase in distributable cash flow per unit guidance after 1.3x coverage of $2.00 to $2.20 per unit for the second half of 2008. The mid point of the guidance range represents a 14% increase compared to cash distributions paid in the [...]

Samson Oil & Gas had ADR Trading investigated

July 18th, 2008
Samson Oil & Gas had ADR Trading investigated

Samson has requested that the American Stock Exchange (Amex) investigate trading in its ADRs to ensure that the trading is in compliance with Amex’s trading rules and that of the relevant legislation governing US capital markets. Amex has advised that in accordance with their standard practice they will refer the request to the Financial Industry [...]

Operational and Financial Guidance for 2009 and 2020 by Rock Energy

July 17th, 2008
Operational and Financial Guidance for 2009 and 2020 by Rock Energy

An update on Oil and Gas Projects, Strategic Growth Initiatives and Key Future Milestones is provided by the company for other companies to refer and consult to. In addition to that publication, Rock Energy Resources, Inc’s management is going to host conference call and webcast.
Chairman and CEO of Rock Energy Resources Inc, Rocky Emeryan independent [...]

Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

July 16th, 2008
Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]

ECP’s initial $30 million investment to help develop one of largest salt reserves in world

July 16th, 2008
ECP’s initial $30 million investment to help develop one of largest salt reserves in world

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

Offshore Rig Fleet Contarct Status of ENSCO International is updated

July 16th, 2008
Offshore Rig Fleet Contarct Status of ENSCO International is updated

Offshore Rig Fleet contract status of ENSCO International report can be accessed through their oficial website. In the report of contract status of ENSCO’s offshore rig fleet includes information on The company’s estimated rig availability, contract duration or future day rates, customers or contract status.
ENSCO, headquartered in Dallas, Texas, owns and operates a modern fleet [...]