February 22, 2012 -- Updated August 24, 2011 05:14 HKT
Mining
Oil Exploration in Greece
The Greek government approved Thursday plans for Crude Oil exploration and drilling in western Greece that could raise up to 25-B Euros (US$33.57-B) in revenues in the next 20 yrs. The project is promoted in the context of efforts to reduce the country’s heavy dependency on energy imports and solve a severe Greek debt crisis [...]
ASX Listed New Hope Corp ASX:NHC a Winner
ASX Listed New Hope Corp ASX:NHC was upgraded by HCM back on June 5, 2011, today the company reported that profits had almost tripled full-year profit as coal exports rose to a record and the miner sold stakes in Arrow Energy and the Lenton project. Net profit rose to $503.1 million for the 12 months [...]
Anglo-American exits Macarthur Coal bid
9 Sept. 2011 (LTN)- Anglo American PLC (L:AAL), (PK:AAUKY) exited a potential counter bid for Australian coal miner Macarthur Coal Ltd. (AU:MCC), deciding the price was altogether too high, familiar people said. Macarthur recently backed a sweetened bid from Peabody Energy Corp. (NYSE:BTU) and ArcelorMittal (NYSE:MT), which values the coal miner at AU$4.83-B(US$5.09-B). Anglo American [...]
Yanzhou Coal Mining Co. HKG:1171 Upgraded
HCM has upgraded Yanzhou Coal Mining Co. HKG:1171 to a strong buy with a 2012 price target of $34 issued today by Shayne Heffernan. Yanzhou Coal Mining Company Limited is principally engaged in coal mining, washing, processing, distribution and coal railway transportation. The Company operates its businesses through coal business, railway transportation, coal coking, electric [...]
Sinopec NYSE:SHI Beats Despite Government Controls
Net income rose 12 percent to 41.17 billion yuan ($6.5 billion), the company known as Sinopec said yesterday. That surpassed the 36.02 billion-yuan median estimate in a survey of six analysts and PetroChina Co.’s 1 percent gain. Refining and marketing accounted for 62 percent of Sinopec’s operating income last year, compared with 19 percent for [...]
Gold output in Australia climbed 9.8%, NYSE:ABX, NYSE:NEM, ASX:NCM
The Super Pit in Western Australia, jointly owned by Barrick Gold Corp. (NYSE:ABX) and Newmont Mining Corp. (NYSE:NEM), was the highest-output mine in the Country in the last year, producing 788,000 ozs, data showed. Newmont’s Boddington mine produced 757,000 ozs and Newcrest Mining Corp.’s (ASX:NCM) Telfer produced 621,290 ozs. Gold output in Australia climbed 9.8% [...]
Undervalued Oil: Royal Quantum Group, Inc. OTC:RYQG
Royal Quantum Group, Inc. OTC:RYQG is a buy as Oil prices rise. Royal Quantum Group, Inc. OTC:RYQG (the “Company”) is pleased to update its shareholders on the company’s progress over the past months. The company’s first three wells drilled in Oklahoma continue their successful production rates as follows: The Bond #1 is producing at rates [...]
Glencore International Plc, LON:GLEN Profit up 50%
Glencore International plc, formerly Glencore International Limited, is a holding company operating through Glencore International AG and its subsidiaries. The Company has three segments. The Metals and Minerals segment focuses on commodity departments, such as zinc/copper/lead, alumina/aluminum and ferroalloys/nickel/cobalt/iron ore, supported by ownership interests in controlled and non-controlled industrial assets, such as mining, smelting, refining [...]
Worleyparsons Limited, ASX:WOR Research Report
Worleyparsons Limited, ASX:WOR has been upgraded to a strong buy with a 2012 price target of $34 issued today by Shayne Heffernan. Worleyparsons Limited announced a final dividend of AUD 0.50 per share for the year ended June 30, 2011. The record date is September 2, 2011 and the dividend will be paid on September [...]
Anadarko Petroleum Corp. (NYSE:APC) Strikes Ghana Oil
Anadarko announces Light Crude Oil discovery off Ghana Anadarko Petroleum Corp. (NYSE:APC) said Tuesday it has discovered light Light Crude Oil in a well offshore of Ghana, increasing the resource potential of an area in which the Company has made other large discoveries. Anadarko has a 30.875% working interest in the West Cape Three Points [...]
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American Estates Management Company PINK:AEMC is a firm that specializes in the purchase and sale of royalties and mineral rights from estates and individuals. AEMC buy royalty …
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Guest: Internet volume and sales will double if they make online wagering legal. People will be more adjust to making online currency transactions.
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