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Buffalo Gold and Sargold propose merger
Buffalo Gold Ltd. and Sargold Resource Corporation (”Sargold”) are pleased to announce they have signed a letter of intent (”LOI”) to enter into a friendly merger (”the Transaction”). Under the LOI, all outstanding securities of Sargold will be exchanged for common shares and common share purchase warrants and options of Buffalo.
Highlights of the [...]
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 [...]
U.S. Energy Corp. Announces a Stock Buy Back Program; Reviews Corporate Development Plans
U.S. Energy Corp. (Nachrichten), a diversified natural resource exploration company announced today that it will initiate a share buy back program. The Company is also pleased to provide its corporate development strategy along with several project updates as follows.
Share Buy Back Program
The Board of Directors of USEG has approved a share buy back program for [...]
Far East Energy Obtains Extended Exploration Periods and Expands Drilling Program
Far East Energy Corporation (Nachrichten) (BULLETIN BOARD: FEEC) announced that it has received the final approval by the Ministry of Commerce in China of three Modification Agreements that extend by two years the exploration periods of each of its three Production Sharing Contracts (”PSC”).
Two Modification Agreements with China United Coalbed Methane Corporation Ltd. (”CUCBM”) and [...]
Why Investors Should Be Interested in Shale Oil
Energy investment swings on the end of a clockwork pendulum. Oil prices high? All the alternative energy sources get funded. Oil prices low? It can wait.
With the continuing unrest in foreign oil producing countries and crude oil prices hanging around the $70/barrel mark, we’re on the investment part of the swing, and it looks like [...]
Reserve Mining cleanup done, cost state nearly $13 million
Three years and nearly $13 million later, workers have nearly finished cleaning up a Silver Bay, Minnesota dump once used by Reserve Mining Co. to discard drums filled with hazardous waste.
State officials say workers wearing protective clothes and breathing gear dug up 12,507 rusty, leaking 55-gallon drums along with tons of contaminated soil in the [...]
TPG Capital and Goldman Sachs Capital Partners will buy Alltel for about $27.5 billion deal
Alltel’s board of directors agreed over the weekend to be acquired by TPG Capital and Goldman Sachs Capital Partners for $71.50 per share, or about $24.8 billion. The firms also agreed to assume about $2.7 billion in Alltel’s long-term debt.
The deal will result in Alltel being taken private and raises some questions about its long-term [...]
To cash dig for the money coal
The PLANS to probe the true cost to reopen wells finally could convince of the ministers if his interesting to connect on the reservations of the coal of the North-East.
The experts of extraction as regards area examine now how much money cash would cost necessary to develop a deep mine to reach the massive unexploited [...]
South Africa: Eskom authorized to establish the new coal station
One granted the supplier of State Eskom of electricity a licence Monday to establish the first new power station with coal in addition to 20 years by the national regulator of energy of South Africa (NERSA).
The senior staff of NERSA Smunda Mokoena said than the first unit was projected to be commissioned from here the [...]
