SCOTTSDALE, Ariz.—-International Minerals Corporation reports results for the fiscal first quarter ending September 30, 2009 of $1.2 million in consolidated net income , including net equity earnings of $5.0 million for the 40%-owned Pallancata Mine.
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Samson Restructures Hedging Arrangements (Business Wire)
DENVER & PERTH, Australia—-Samson previously entered into derivative positions with respect to its oil and natural gas production. Oil and natural gas prices have risen significantly since these hedges were entered into and thus the Board of Samson have determined that, following the recently completed rights offering in the United States and Australia capital raising, it was prudent to use some of the funds raised to close out all of these outstanding hedge positions.
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Gasoline prices remain near 2009 high (AP)
Gasoline prices remained near their highs for the year on Monday as a weaker dollar and rising global stock markets boosted oil prices.
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Westport Innovations shares rise after Volvo deal (AP)
Shares of Westport Innovations Inc., whose equipment enables cars to run on natural gas, rose Monday after it announced a long-term contract with Swedish car and truck maker Volvo.
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Stocks pare gains after Bernanke comments (Reuters)
U.S. stocks pared gains but were still at 2009 highs on Monday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank is attentive to changes in the dollar and the Fed’s mandate will help ensure the greenback remains strong.
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Nayarit Gold receives first Resource Estimate for Orion District from SRK Consulting (US), Inc. (Business Wire)
HALIFAX, Nova Scotia—-Nayarit Gold Inc is pleased to announce a Canadian Institute of Mining, Metallurgy and Petroleum compliant Canadian National Instrument 43-101 Mineral Resource estimate for the 100% owned Orion Gold-Silver Project, located in the state of Nayarit, Mexico.
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Research and Markets: The Global Market for Clean Coal Technology 2009 – The Greening of Coal-Fired Energy (Business Wire)
DUBLIN—-Research and Markets has announced the addition of the “The Global Market for Clean Coal Technology 2009 – The Greening of Coal-Fired Energy” report to their offering.