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Blue Pearl to Prepay Second Lien Credit Facility


Blue Pearl Mining Ltd., the world’s largest publicly traded, pure molybdenum producer, today announced that this week it will prepay the US$62 million Second Lien Credit Facility it entered into last October as part of the debt financing to purchase Thompson Creek Metals Company (TCMC). At the request of Blue Pearl, First Lien Credit Facility [...]

Chicago Bridge & Iron upgraded to “buy”


Analysts at DA Davidson upgrade Chicago Bridge & Iron (CBI.NYS) from “neutral” to “buy,” while raising their estimates for the company. The target price has been raised from $32 to $35.
In a research note published this morning, the analysts mention that with the management changes of 2005 and early 2006 now over, there is upside [...]

Ten of the Sivy 70 returned at least 30 percent last year. Here’s how those stocks shape up for 2007.


Despite all the worries, last year turned out to be quite good for blue-chip stocks. Although prices were flat early in 2006, stocks rallied strongly in the second half.
For the year as a whole, the S&P 500 index rose 14 percent. Add in dividends, and the total return was more than 15 percent. That’s considerably [...]

County Should Challenge State’s Mining Permit: Our View: Portland Cement’s Lease Diminishes Value of Land Nearby That Pima Bought As Part of Desert Conservation Plan


Mining activities generally make a mess of the landscape. It doesn’t matter whether the target of the mining is copper, limestone or calcium carbonate. The end result is like a wound that won’t heal and continues to affect everything around it.
Most of us enjoy the end result of mining — cars that run, roads that [...]

Gold Rush Plunges Undersea as Miners Scour Pacific (Correct)


(Corrects company in 10th paragraph whose shares declined.)
David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300.
Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks [...]