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Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
Erdene Announces Start of Resource Delineation Drilling on the Zuun Mod Molybdenum Project
Erdene Gold Inc. today announced that it is commencing its 2007 drilling program at its wholly owned Zuun Mod molybdenum project in Mongolia based on advice from Minarco Asia Pacific Pty Limited (”Minarco”), who have recommended a two-stage delineation drilling program. The company has signed contracts with drilling, surveying and logistical companies with two [...]
Headwaters Incorporated Completes Refined Coal Facility
HEADWATERS INCORPORATED today announced that its wholly owned subsidiary, Covol Engineered Fuels, LC (”CEF”), has completed the refined coal facility located in Adger, Alabama at the Jim Walter Resources Mine number 3, and has placed the facility into operation. The business was obtained in an acquisition Headwaters announced in May of 2006 and was shut [...]
Technology lifts productivity of old oil fields
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressure steam to pump out more oil. The field, whose production slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant Duri [...]
Oil Innovations Pump New Life Into Old Wells
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressured steam to pump out more oil. The field, whose production had slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant [...]
Big Oil Warns Biofuels Will Not Meet U.S. Energy Needs
Top executives in the U.S. oil and electricity industries warned U.S. lawmakers this week against relying solely on biofuels for energy security, calling instead for more domestic drilling, streamlined regulation, and access to foreign reserves.
The executives, meeting at a high-profile energy conference in Houston, voiced their concerns in the wake of a White House proposal [...]
