Regency Energy Partners LP announced today a cash distribution of 44.5 cents per outstanding common unit for the third quarter ended September 30, 2009. The distribution will be paid on November 13, 2009, to unitholders of record at the close of business on November 6, 2009. This distribution is equivalent to $1.78 on an annual basis.
Regency will hold a quarterly conference call to discuss third-quarter 2009 results on Monday, November 9, 2009, at 10 a.m. Central Time (11 a.m. Eastern Time). Read more
press release:
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/10/09 — Alberta Star Development Corp. (the “Company”) (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD), reports that it has filed a “Notice of Appearance and Request for Special Notice” with the United States Bankruptcy Court for the District of Idaho regarding the Sterling Silver Mining Company and its corporate assets (OTCBB: SRLQE) situated in the Coeur d’Alene, Idaho mining district.
The Company maintains a strong balance sheet and has no long term debt. The Company continues to search for additional cost cutting measures, while maintaining seasoned and qualified management and fulfilling its stated mandate of acquiring a world class advanced stage exploration project. As a result of the severity of the global financial crisis, the Company expects there to be a serious shortage of available capital and exploration risk capital that is available to the resource industry in the foreseeable future. The Company intends to continue to conserve its working capital and review new business opportunities that are being presented to management. The Company’s working capital is invested in short term instruments and are not exposed to any repayment risks associated with short term commercial paper or asset-backed commercial paper. These instruments comply with the Company’s strict investment criteria and policy of utilizing only investment guaranteed instruments that are paid promptly on maturity and are redeemable on demand. Read more
HONG KONG – (AFP) – Most Asian stock markets slipped on Thursday amid more grim economic news from Japan and China, with the broad market index in Tokyo sinking to a 25-year low.
Japan’s Nikkei-225 fell 2.41 percent after the government said the economy logged its worst performance in nearly 35 years, contracting 3.2 percent in the three months to December, or 12.1 percent on an annualised basis.
“The figures are not good,” said Prime Minister Taro Aso. “The economy is worsening.”
China also announced that factory output and retail sales were slowing down, sparking fears that the global crisis is taking more of a toll on the world’s third-largest economy than first thought.
The news from China led Sydney to close down 0.3 percent, as mining shares suffered on the weak Chinese industrial output figures. Read more
JOHANNESBURG (Keith Campbell at miningweekly.com) – China’s Shougang group, the country’s fourth-largest steelmaker, has announced that it is going to invest $1-billion in its Peruvian iron-ore mining subsidiary, Shougang Hierro Peru.
This was announced by Shougang group President Wu Bin after a meeting with Peruvian President Alan Garcia.
This investment will boost Shougang Hierro’s production capacity to 10-million tons a year of iron-ore by late 2010. This will double the Peruvian operation’s production.
Shougang has been active in Peru since 1993 and Shougang Hierro is a wholly owned subsidiary of the Chinese group.
With its head office in Lima, Shougang Hierro is the largest iron-ore producer on the west coast of the Americas. It operates a mine with openpits, beneficiation plants and a port.
These are located on the Peruvian coast, some 525 km south of Lima. Read more
Arianne Resources Inc. previously announced on August 21, 2008, the filing of a preliminary prospectus in order to list its subsidiary Oroplata Exploration inc. (“Oroplata”) on the TSX Venture Exchange. The financial crisis happened shortly after and the Company could not complete the IPO for Oroplata. Arianne wishes to inform its shareholders that it is actively working on Oroplata’s financing and confirms that the Oroplata share distribution dividend will take place as soon as market conditions improve. Oroplata owns two mining properties in Mexico including El Rey that contains historical resources in gold and silver.
2008 exploration results from El Rey, Sinaloa, Mexico : Following an IP geophysical survey and recent field works, Oroplata is pleased to announce the presence of a highly anomalous zone located in the North-West sector of the survey grid. The anomalous sector covers an area of 100,000 square metres and shows a magnetic relief generally flat to moderate. It is constituted of many PP anomalies of moderate intensity that could be oriented NW-SE to W.SW-E.NE, that will require more definition. To this day, this zone remains open in the west part of the survey grid (www.arianne-inc.com/fichiers/oroplata_overview.pdf)
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HOUSTON, — /PRNewswire-FirstCall/ — Goodrich Petroleum Corporation (NYSE: GDP) announced that the Company’s President, Robert C. Turnham, Jr., will present at Pritchard Capital Partners Energize 2009 Conference at 2:50 pm pacific time on Wednesday, January 14, 2009, at The Westin San Francisco Market Street, located at 50 Third Street, San Francisco, CA 94103. A copy of the presentation will be available on the Company’s website beginning Tuesday, January 13, 2009 at www.goodrichpetroleum.com.
Certain statements in this news release regarding future expectations and plans for future activities may be regarded as “forward looking statements” within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as financial market conditions, operating hazards, drilling risks, and the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas, as well as other risks discussed in detail in the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Goodrich Petroleum is an independent exploration and production company listed on the New York Stock Exchange. The majority of its oil and gas properties are in Louisiana and Texas.
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SOURCE Goodrich Petroleum Corporation
Tight credit and falling metals prices due to the international financial crisis have caused a sharp slowdown in mining exploration along Argentina’s Andes.
Exploration in San Juan province this year fell 14% from 2007 to 175 million pesos ($51 million), according to a study from the provincial mining ministry cited by industry magazine Mining Press.
San Juan is heavily dependent on revenues from mining, and the province’s strong support of the industry has attracted a number of major projects. About 20% of all investment in
Argentine mining exploration was spent in San Juan this year, according to Mining Press.
Barrick Gold Corp. (ABX) operates the Veladero gold mine in the province, and development projects include Yamana Gold Inc.’s (AUY) Gualcamayo mine and Xstrata PLC’s (XTA.LN) $1.8 billion-to-$2 billion El Pachon copper mine project. Twenty-six companies are exploring in the province, provincial Mining Minister Felipe Saavedra said recently.
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