Business News Archive - February 05, 2008
The AES Corporation (NYSE:AES) today announced an agreement to sell its interests in the AES Ekibastuz power plant and Maikuben West coal mine in Kazakhstan to Kazakhmys PLC, Kazakhstan's largest producer of copper and one of the leading copper producers in the world.
Pacific Energy Resources Ltd. (TSX: PFE) (the "Corporation") is pleased to announce that its 2007 year end net oil & gas reserves under "Forecast Price" case are 53.4 Million barrels of oil equivalent (MMBoe), up by 383% as compared to last year.
- Stoppage; cessation (of labor).
- A standing still or idling (of mills, factories, etc.).