VIPR Industries Inc. announces that it has signed an agreement for a purchase of a possible third gold property in the rich Geita Region of Tanzania. The third property is located next to 2 properties previously disclosed in a prior press release by VIPR. This region of Tanzania is known for possessing significant mines and [...]
Lakeside Steel Inc. announced that it reached a tentative agreement with the Canadian Auto Workers, Local 523 (”CAW Local Union”) representing about 400 employees of Lakeside Steel Corporation (”Lakeside”), the wholly-owned subsidiary of Lakeside Steel, for a three year term ending October 31, 2011.
The agreement is subject to approval by members of the CAW Local [...]
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 [...]
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 [...]
Marathon Oil Corporation announced the completion of the sale of its non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. Centrica plc, the parent company of British Gas, acquired the interests for a total value of $416 million, which includes a $375 million purchase price and $41 million in [...]
Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis.
“We are pleased [...]
Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development.
“As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add [...]
Advanced Explorations Inc. announce that it intends to strengthen its Roche Bay Project in Nunavut with the addition of an iron nugget plant. Following the lead of Steel Dynamics Inc. (”SDI”) and others, AEI plans to utilize the MIDREX/Kobe Steel ITmk3® Process to produce “pig iron” nuggets which are higher in grade (~98% Fe) and [...]
Mechel OAO, one of the leading Russian mining and metals companies, announces that it has signed a contract with Minmetals, one of China’s largest state-owned industrial corporations, to construct a rail and structural steel mill at its Chelyabinsk Metallurgical Plant OAO subsidiary.
The commercial agreement, signed today, is the first in accordance with the Memorandum of [...]
KaMin LLC announced today that it will be restructuring its kaolin facilities in Georgia over the next several months. The net impact will be a reduction of its hydrous production capacity and elimination of select paper grades at its Sandersville operation. The restructuring will include a reduction in the KaMin workforce.
“Significant increases in operating and [...]
