Western Troy Sets Drilling Program at its MacLeod Lake Molybdenum/Copper Project to Begin March 20, 2007

Western Troy Capital Resources Inc. (the “Company” or “Western Troy”) is pleased to announce that Western Troy and Bradley Bros., Ltd. of Rouyn-Noranda, Quebec, have executed a drilling contract that calls for approximately 2,000 meters of diamond core drilling at MacLeod Lake to commence March 20, 2007. In addition to drilling, an Induced Polarization (IP) [...]

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Jaguar Nickel announces acquisition of additional equity interest in Century II Holdings

Jaguar Nickel Inc. (“Jaguar” or the “Company”) announced its acquisition today of an additional 500,000 common shares of Century II Holdings Inc. (“Century”) (TSX:CH – News) representing approximately 4.4% of the total issued common shares of Century. The Century shares were acquired on the Toronto Stock Exchange for investment purposes. Combined with the Century common [...]

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Rio Tinto Rejects Benchmark Iron Ore Prices Below Spot Price

Rio Tinto sees a benchmark iron ore settlement for this year below the current spot price as “unacceptable” as it sees market outlook improving, a spokesman said on Friday.

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Drilling Rigs: Strong Demand: Helmerich & Payne logs record quarter

Tulsa-based Helmerich & Payne Inc. reported record profits Thursday for its first fiscal quarter, driven by strong demand for its drilling rigs and substantial investment income.
The company had net income of $110.79 million, or $1.06 per diluted share, from operating revenue of $386.4 million for the quarter that ended Dec. 31.
That compares with net income [...]

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Russia could let Europeans produce and export oil, gas – Khristenko

Russia is prepared to let EU countries produce and transport their oil in return for appropriate economic concessions, Russian Industry and Energy Minister Viktor Khristenko told Germany’s Die Welt.
“Russia is prepared to grant Europeans access to Russian energy resources [in the form of oil and gas extraction and transportation] and to honor the Charter but [...]

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