Archive for February, 2010

Thai miner Banpu Q4 net profit down

On Thursday,Thailand’s top coal miner,Banpu, reported a smaller-than-expected 5.8 percent fall in its fourth-quarter earnings, mainly due to a drop in average selling prices.

SouthGobi Energy Resources update

SouthGobi Energy Resources Ltd. (TSX:SGQ)(SEHK:1878), reported that Citigroup Global Markets Canada Inc. and Macquarie Capital Markets Canada, representatives of the Canadian underwriters of its recently closed global equity offering, have partially exercised their over-allotment option and will purchase an additional 228,100 common shares of the Company at a price of C$17.00 per share for gross proceeds of C$3,877,700.

Fission Energy’s Operational Update

FISSION ENERGY CORP. (TSX VENTURE:FIS) and its joint venture partner, the KEPCO Consortium, reported that drill hole WAT10-066, located immediately south of the high-grade mineralization encountered in the WAT10-063A, intersected a 12.0m interval at the unconformity (202.0m-214.0m) grading 3.64% U308, including 1.50m at 27.38% U308.

Teck Media and Investor Webcast Advisory

Teck Resources reported that Mr. Ron Vance, Teck Resources Limited’s (TSX: TCK.A and TCK.B, NYSE: TCK),SVP Corporate Development, will be presenting at the Morgan Stanley Global Basic Materials Conference on Thursday, February 25, 2010 at 4:15pm Eastern/1:15pm Pacific time.

Walter Energy Corporate Update

Walter Energy (NYSE: WLT) reported today that Victor P. Patrick has informed the Board of Directors that he wishes to retire in order to spend more time with his family and attend to other priorities.