Marketwire - Coal

Two Power Plants Forced Offline After Wednesday's Blackout in Trinidad and Tobago, an Industrial Info News Alert

Fri, 09 May 2008 05:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 9, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On Wednesday, a fault at one of Trinidad and Tobago's transmission lines caused a blackout, which affected the northwestern part of the country. The areas that were affected are Chaguaramas, Carenage, Diego Martin, PetitValley, Diamond Vale and Westmoorings.

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Fuselier Meets and Proposes Settlement Terms With All Creditors of West Hawk

Thu, 08 May 2008 23:10:00 EDT

DENVER, COLORADO--(Marketwire - May 8, 2008) - West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce that Fuselier Holdings, LLC ("Fuselier") announced today that it has now met with all creditors of West Hawk, including at a global meeting with 29 creditors present who had filed lawsuits or made liens against West Hawk. Fuselier reports formal agreements have now been made to all creditors and that responses are expected on or before May 14th, 2008. The aggregate amount of debt addressed in these proposals to creditors total US$8.5 million; the majority of that debt has been assigned to Fuselier. The proposed agreements include terms of release by lien holders of current encumbrances against West Hawk assets.

Woodchips for Energy; Green Energy Resources Targets 15% Market Share of Growing Northeast US Biomass Markets and Looks to Develop a Green BioEnergy Port in New York City Area

Thu, 08 May 2008 09:57:00 EDT

NEW YORK, NY--(Marketwire - May 8, 2008) - Green Energy Resources (PINKSHEETS: GRGR) has targeted the Northeast US for supply contracts. The current market is approximately 1.5 million tons valued under $40 million dollars and is expected to quadruple within the next 3 years to over $500 million dollars with the addition of several new well publicized biomass, ethanol and wood pellet plants. Green Energy Resources has set a goal of 15% market share over the next 5 years.

El Paso Corporation Reports 83 Percent Increase in First Quarter Adjusted EPS

Thu, 08 May 2008 07:30:00 EDT

HOUSTON, TX--(Marketwire - May 8, 2008) - El Paso Corporation (NYSE: EP) is reporting today first quarter 2008 financial and operational results for the company.

Highlights:

--  $0.29 earnings per diluted share from continuing operations versus a
    loss of $0.08 in 2007
--  Pipeline earnings before interest expense and taxes (EBIT) and
    throughput up 5 percent and 7 percent, respectively, from first quarter
    2007
--  Exploration & Production (E&P) EBIT up 35 percent versus first quarter
    2007
--  Production, including unconsolidated affiliate volumes, totaled 886
    million cubic feet equivalent per day (MMcfe/d) -- an 8 percent increase
    over first quarter 2007
--  Expanded hedge position for 2008 and 2009. Oil hedges for 2009 ensure
    approximately $105 million of incremental revenues versus 2008.

China's First-Quarter Decline in New Power Capacity Attributed to Severe Snowstorms, an Industrial Info News Alert

Thu, 08 May 2008 06:00:00 EDT

BEIJING--(Marketwire - May 8, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- In the first quarter of 2008, China installed 12.64 gigawatts (GW) of power, a decrease of about 600 megawatts (MW) compared with the same period last year, according to a China Electricity Council report released at the end of April. The decrease is attributed to the severe snowstorms that impacted southern China during the quarter.

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Homeland Energy's Eloff Project Increases Coal Resources by 30%

Thu, 08 May 2008 02:00:00 EDT

- GEMECS reports a Measured & Indicated Mineral Resource of 452 million tonnes and an Inferred Resource of 58 million tonnes - Thickness in the prominent coal seam - the Number 2 Seam - ranges up to 14 metres and to a maximum depth below surface of 123 metres

Connecticut Inventor and Entrepreneur, Eric Knight, Publishes Paper on "Free" Biofuel Energy Source for the Production of Ethanol

Wed, 07 May 2008 10:05:00 EDT

Unlike Corn Ethanol Production, the Utilization of Tree Leaves as a Biofuel Source for Cellulosic Ethanol Production Would Not Increase the Levels of Carbon Dioxide in the Atmosphere

Tombstone Exploration Corporation Files National Instrument 43-101 Technical Report -- Strong Drilling to Commence

Wed, 07 May 2008 09:00:00 EDT

PHOENIX, AZ--(Marketwire - May 7, 2008) - Tombstone Exploration Corporation (OTCBB: TMBXF) today announced it has filed its initial National Instrument 43-101 Technical Report.

SRK Consulting of Tucson, Arizona has completed the NI 43-101 technical report. SRK is an independent, international consulting group, employing leading specialists in environmental science and mineral engineering. Its seamless integration of services, and global base, has made the company a significant international practice in due diligence, feasibility studies and confidential internal reviews. SRK's global experience and reputation for excellence is widely recognized among the major financial institutions and are repeatedly called upon to advise on and evaluate projects for all types of market transactions. Formed in 1974, SRK employs more than 600 professionals internationally in 31 permanent offices on 6 continents.

E.ON Benelux Halts Construction of 1,070-Megawatt Plant in Netherlands, an Industrial Info News Alert

Wed, 07 May 2008 07:00:00 EDT

CORDOBA, ARGENTINA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- E.ON Benelux, a part of E.ON AG (PINKSHEETS:EONGY), was forced to temporarily halt the construction of a coal-and-biomass-fired power plant on the Maasvlakte harbor in Rotterdam, Netherlands. E.ON had begun groundwork, assuming that only a license was required for the operation stage. Construction work will be halted to prevent interference with neighboring company Lyondell.

Heavy Electrical Giants in India Set to Grow in the Global Arena, an Industrial Info News Alert

Wed, 07 May 2008 06:00:00 EDT

BANGALORE, INDIA--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Bharat Heavy Electricals Limited (BHEL) (New Delhi) has bagged a $137.5 million export contract to supply two 135-megawatt, environment-friendly circulating fluidized bed combustion (CFBC) boilers and auxiliaries to Koniambo Nickel SAS (New Caledonia).

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=132482, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Power Producers Play Vital Role in Supplying Energy Needs for Process and Manufacturing Industries, an Industrial Info News Alert

Wed, 07 May 2008 05:00:00 EDT

SUGAR LAND, TX--(Marketwire - May 7, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Many of North America's processing and manufacturing plants rely on on-site power generation to supply their energy needs. These plants are referred to as Industrial Energy Producers (IEPs) and are home to on-site power generation, back-up generators or cogeneration facilities. In short, IEPs are power plants in facilities outside the Power Industry. Industrial Info maintains key information on IEPs as part of our Power Industry Database. Currently, the amount of electrical capacity exceeds 29,000 megawatts in 2,418 operational units.

Tenaris anuncia los resultados del primer trimestre de 2008

Tue, 06 May 2008 17:41:00 EDT

La informaci�n financiera y operativa incluida en este comunicado de prensa est� basada en estados contables intermedios consolidados condensados no auditados preparados de acuerdo con las Normas Internacionales de Informaci�n Financiera (NIIF) y presentados en d�lares estadounidenses (US$).

Tenaris Announces 2008 First Quarter Results

Tue, 06 May 2008 16:43:00 EDT

The Financial and Operational Information Contained in This Press Release Is Based on Unaudited Consolidated Condensed Interim Financial Statements Prepared in Accordance With International Financial Reporting Standards (IFRS) and Presented in U.S. Dollars

ONA Energy Announces Increase of Private Placement

Tue, 06 May 2008 13:29:00 EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2008) - ONA Energy Inc. ("the Company") (CNQ:OEIX)(FRANKFURT:O3X) is pleased to announce that further to the April 15, 2008 private placement news release, the size of the private placement has been increased from $ 3.5 million to $ 6.0 million with an initial closing of $3,184,800 on May 7, and a second closing on or around May 12, 2008. The Company is offering up to 10,000,000 units on a private placement basis, at a price of $0.60 per unit. Each unit consists of one common share and one warrant. Each warrant may be exercised at a price of $0.75 to purchase one common share for a period of one year from the closing date of the offering. The Company may require the warrants to be exercised if, at any time after four months from the closing date of the offering, the weighted average trading price of the common shares is at or above $1.00 for a period of 20 consecutive days.

Brigham Moore Attains Highest Jury Award for Eminent Domain Valuation in Florida Circuit Court

Tue, 06 May 2008 10:28:00 EDT

Jury Awards Keystone Coal $67 Million in Case With Jaxport

Lu'An Makes Another Investment in the West Hawk Energy, Colorado Gas Project

Tue, 06 May 2008 10:24:00 EDT

DENVER, COLORADO--(Marketwire - May 6, 2008) - West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce the managing board of West Hawk Energy, USA, LLC ("WHE") has secured financial arrangements with Lu'An Mining Group ("Lu'An") for a cash investment of US$5 million. Lu'An has agreed to invest US$5 million in WHE to maintain their current 25% ownership position in WHE. The proceeds will be used by WHE towards the 2008 drilling program at its gas project, in the Piceance Basin, Colorado.

Spending in Coal-Fired Power Sector Remains Healthy Despite Slowdown in Development of New Generating Sources, an Industrial Info News Alert

Tue, 06 May 2008 07:00:00 EDT

SUGAR LAND, TX--(Marketwire - May 6, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Over the past several years, multiple power producers have announced plans to move forward with construction of a plethora of coal-fired generating units. At the peak of activity, well over 200 new coal-fired generating units were announced. This count includes projects that were in the earliest stages to ones that could be considered in the advanced stages of development.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=131839, or browse other breaking industrial news stories at www.industrialinfo.com.

Power Demand in China Expected to Increase 13.5% This Year, an Industrial Info News Alert

Tue, 06 May 2008 07:00:00 EDT

BEIJING--(Marketwire - May 6, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- China's energy industry, including electric power and coal, is expected to see continued increases in both demand and supply this year. The estimated growth in demand will be about 13.5%, and the total social power consumption will reach about 3.7 trillion kilowatt-hours, said Wei Jianguo, General Manager of Zhong Neng Power Industry Fuel Company (Beijing), a subsidiary of the State Grid Corporation of China (Beijing).

Homeland Energy Group Sells Additional 5% Interest in Its South African Subsidiary for US$15 Million

Tue, 06 May 2008 02:00:00 EDT

- GMR Group of Bangalore, India now holds 10% of Homeland South Africa for a total purchase price of US$30 million - GMR Group holds a final option to acquire an additional 40% of Homeland South Africa for total payments of US$155 million in 2008 - Homeland maintains strong cash and liquid asset position

Gold Star Acquires Coal Properties in East Central Saskatchewan

Mon, 05 May 2008 17:19:00 EDT

VANCOUVER, BC--(Marketwire - May 5, 2008) - Gold Star Resources Corp. (the "Company") (TSX: GXX.H) is pleased to announce it has purchased a 100% interest in a number of Coal Dispositions located on the east side of the Pasquia Hills of East-Central Saskatchewan. The Coal Dispositions lie in close proximity to the recently announced coal discovery by Goldsource Mines Inc., approximately 50 Kilometers north of Hudson Bay.

Goldsource Mines Inc. (see Goldsource News Release May 5th, 2008) announced the results from 47 coal samples submitted from the Saskatchewan coal intercepts for two core holes representing 26 meters and 32.5 meters respectively of coal seam, including 22.6 meters of continuous coal in each hole. The coal was reportedly intercepted starting 80 meters below the surface.

New Executive Joins West Hawk to Advance Coal, Gas and Gasification Projects

Mon, 05 May 2008 17:13:00 EDT

DENVER, COLORADO--(Marketwire - May 5, 2008) - West Hawk Development Corp. ("West Hawk") (TSX VENTURE:WHD)(FRANKFURT:H5N) (the "Company") is pleased to announce that Dr. Andrew P. Schissler is joining the company effective immediately as Executive Vice President of Engineering. Dr. Schissler will be responsible in leading design, engineering, and construction of all projects including the BC - Groundhog, NWT - Tulita, and Ellesmere Island coal properties in Canada; the Figure Four Gas Project in Colorado, a US coal project and expanding energy opportunities in North America, Latin America, and China. As West Hawk grows as a premier clean energy company focused on the vision of coal to steel, coal-to-gas, and coal-to-liquids, and coal-to-power, fortifying our engineering design is required. Dr. Schissler will be responsible for all disciplines of engineering including project, mining, geological, environmental, civil, mechanical, electrical, socioeconomic, and process. Dr. Schissler wil

Brigham Moore Attains Highest Jury Award for Eminent Domain Valuation in Florida Circuit Court

Mon, 05 May 2008 17:08:00 EDT

Jury Awards Keystone Coal $67 Million in Case With Jaxport

Ternium Announces First Quarter 2008 Results

Mon, 05 May 2008 16:57:00 EDT

LUXEMBOURG--(Marketwire - May 5, 2008) - Ternium S.A. (NYSE: TX) today announced its results for the first quarter ended March 31, 2008.

The financial and operational information contained in this press release is based on consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) and presented in U.S. dollars and metric tons.

Summary of First Quarter 2008

                                   1Q 2008      4Q 2007       1Q 2007

Shipments (million tons)               2.7      2.8   -3%     2.5    9%
Net Sales (US$ million)            2,427.7  2,267.2    7% 1,798.3   35%
Operating Income (US$ million)       434.9    297.2   46%   415.4    5%
EBITDA (US$ million)                 592.5    469.0   26%   530.7   12%
EBITDA Margin (% of net sales)          24%      21%           30%
Net Income (US$ million)             483.6    220.6  119%   251.6   92%
Equity Hol

US UNCON FUEL Producers Rally for Energy Independence

Mon, 05 May 2008 13:26:00 EDT

HOUSTON, TX--(Marketwire - May 5, 2008) - Oil prices could double in five years -- ending the cheap-fuel era and creating chaos in global economies, and subsequently unconventional fuel developers are rallying to promote clean, lower-cost, domestic-transportation fuels.

New technologies such as plasma gasification used in the Coskata hybrid process will be developed to increase fuel output as the unconventional-fuel industry prepares to boom in the face of rising oil prices.

Stephen Johnson, president, American Clean Coal Fuels, warned that while global oil reserve reporting is not perfect, a very serious situation is certainly emerging.

Sherritt Completes Compulsory Acquisition of Royal Utilities Income Fund

Mon, 05 May 2008 08:16:00 EDT

TORONTO, ONTARIO--(Marketwire - May 5, 2008) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation ("Sherritt") (TSX:S) and Royal Utilities Income Fund (the "Fund") (TSX:RU.UN) announced today that Sherritt has acquired, pursuant to the compulsory acquisition provisions in Royal Utilities' amended and restated declaration of trust, the remaining 851,864 units of Royal Utilities that were not deposited under the offer made by Sherritt on March 21, 2008, as amended by a notice of variation dated April 16, 2008, to acquire all of the issued and outstanding units of Royal Utilities not already owned by Sherritt.

New Frontier Energy Raises $1.9 Million in Warrant Exercise

Fri, 02 May 2008 09:12:00 EDT

DENVER, CO--(Marketwire - May 2, 2008) - New Frontier Energy, Inc. (OTCBB: NFEI), a natural resource company engaged in the exploration, acquisition and development of oil and gas properties in the United States, today announced the Company issued 1,914,015 common shares pursuant to the exercise of Series B Preferred warrants, and Series B Preferred Placement Agent warrants, receiving proceeds of $1,953,782.

Paul G. Laird, President and CEO of New Frontier Energy, said commenting on the completion of the exercise period: "We are pleased with the support of our existing shareholder base and look forward to utilizing the proceeds from the warrants to further develop the Slater Dome Field."