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 [...]
Geoinformatics Exploration Inc. announce that it has completed the private placement with Geologic Resource Partners LLC (”GRP”) raising gross proceeds of Cdn$29,328,000 by issuing 586,560,000 common shares at a price of $0.05 per common share. The proceeds from this financing are being used to (i) repay the convertible loan facility in the amount of US$20 [...]
Austral Pacific Energy Ltd. today announced that it has decided to initiate a strategic alternatives review of its business.
Austral CEO and President Thompson Jewell said, “In light of the low share price, Austral Pacific has initiated a strategic review to consider all options available to the company to maximise value for its shareholders”.
In conjunction with [...]
Sims Group Limited (Sims) announced today that SA Recycling – a joint venture between Sims and Adams Steel operating in Southern California, Arizona and Nevada – has acquired a 70% interest in Silver Dollar Recycling, Las Vegas, Nevada.
Silver Dollar Recycling operates a shredder and has a leading position in Las Vegas.
The financial terms of the [...]
Latin American Minerals Inc. announces that it has retained Hedenquist Consulting, Inc. and Smee & Associates Consulting Ltd. to provide advise in the Paso Yobai Gold Project in Paraguay.
Dr. Jeffrey W. Hedenquist, Ph.D., President of Hedenquist Consulting, Inc., provided advice on the exploration model, the nature of the epithermal system and the ongoing exploration and [...]
Austral Pacific Energy Ltd. announce that the Cheal A7 well commenced production on Saturday, August 30, 2008.
Austral CEO and President Thompson Jewell said, “I am pleased to see the well on stream this quickly and performing as expected. The incremental production and revenue is a welcome sight.”
A7 has now been successfully tied into the Cheal [...]
Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, [...]
Downer EDI Limited today announced that the company’s Mining Division, Downer EDI Mining, has signed long-term contracts with Peabody Pacific Pty Limited (Peabody) for its Millennium and Wambo open cut coal mining projects.
This follows the announcement on 21 December 2007 that Peabody had selected Downer EDI Mining as the preferred tenderer for these projects.
With a [...]
One week ago (Nov. 21), the drilling team passed the 1,000-meter mark in rock core pulled from beneath the sea floor in McMurdo Sound, and with a remarkable recovery rate of more than 98 percent. The end of drilling is scheduled for this weekend, and only a few tens of meters of core remain to [...]
The New Zealand Wind Energy Association said Contact Energy’s announcement that it intends to build a wind farm in the Waikato will help the Government reach its goal of 90% renewable electricity without building new gas-fired power plants. The farm is expected to generate up to 650 MW of electricity for Waikato and Auckland consumers.
Wind [...]
