MULTIPLEX Group plans to use the $274 million from its sale of Goldfields House in Sydney to Valad Property Group yesterday to cut its debt.
Director of investor relations Peter Murphy said the proceeds will be used to ease the company’s senior debt and fund its Property Trust commercial mortgage backed securities (CMBS) program.
Mr Murphy said […]
Brownstone Ventures Inc. (”Brownstone”)(TSX VENTURE:BWN.V - News) announced today that it has entered into a binding letter of intent, subject to regulatory approval, with Dejour Energy (USA) Corp. (”Dejour”), a wholly-owned subsidiary of Dejour Enterprises Ltd. (”DJE”: TSXV), to participate with Dejour and Retamco Operating Inc. (”Retamco”), a private Texas corporation, in the ownership, exploration […]
PrimeWest Energy Trust (TSX:PWI.UN) is paying $300 million US, or about $330 million Cdn, for oil and gas assets in Montana, North Dakota and Wyoming.
With the deal expected to close by July 6, Calgary-based PrimeWest said Monday it will use existing credit lines plus a supplementary credit line of $250 million to finance the move.
“This […]
Gastar Exploration Ltd. has executed a Letter of Intent to acquire up to a 50% interest in rights attaching to brown coal discoveries within the area of Exploration License 4416. EL 4416 is located in the Latrobe Valley, Victoria, Australia. The Latrobe Valley is recognized as one of the world’s largest brown coal deposits. EL […]
Finnish engineering firm Metso Oyj (MX) Monday said it will supply crushing and grinding equipment to Boddington Gold Mine, or BGM, in Western Australia for around EUR50 million.
The company said the delivery is scheduled for the fourth quarter of 2007. The mine is a joint venture owned by Newmont Mining Corp. (NEM) and AngloGold Ashanti […]
A MINING equipment and earthmoving group will add to a gorge of big-dollar market floats when it releases a prospectus today.
It is understood that Perth-based Emeco, which has been expanding rapidly on the back of the resources boom, will seek almost $1 billion in the raising to be used for growth.
The float comes after the […]
Emeco Ltd., an Australian earthmoving equipment company, aims to raise as much as A$1.1 billion ($804 million) in a public share sale, capitalizing on the nation’s surge in minerals and energy exports.
The company will sell stock between A$2.10 and A$2.50, Perth, Western Australia-based Emeco said today. Local buyout firms Pacific Equity Partners and Archer Capital […]
Leading shares failed to maintain their early gains on Monday morning as weak utilities dragged on sentiment with even a bullish mining sector failing to offset the losses.
Cairn Energy was the worst performer with BP also dragging its heels on the back of reports that crude production in Iraq remains strong.
Otherwise utilities dragged on the […]
Phelps Dodge Corp. said Monday it is buying Canadian mining companies Inco Ltd. and Falconbridge Ltd. in a cash and stock deal worth about $40 billion that will create one of the world’s largest mining companies.
The new company, to be called Phelps Dodge Inco, would have operations in more than 40 countries and employ about […]
U.K. mining stocks rose, led by BHP Billiton and Anglo American Plc as metal prices increased.
Shares of Cadbury-Schweppes Plc dropped after the U.K. Food Standards Agency said it will probe why the company took six months to report traces of salmonella in some of its chocolate.
The FTSE 100 Index added 7.10, or 0.1 percent, to […]