Latest Project finance Stories
TORONTO, ONTARIO--(Marketwire - Oct. 5, 2008) - Consolidated Thompson Iron Mines Limited (TSX:CLM) ("CLM", or the "Company") provides the following update on its Bloom Lake iron ore project: - Mine site development is progressing according to budget and is on schedule to meet the end of September 2009 production target. - With a current cash position of approximately C$260 million and based on the current construction schedule, the Company has sufficient funds through April 2009. Additional...
TARRYTOWN, N.Y., Sept. 4 /PRNewswire-FirstCall/ -- Environmental Power Corporation (the "Company"), today announced that its subsidiary, Microgy Holdings, LLC, has completed a financing involving the sale of $62.4 million of tax-exempt bonds issued through the California Statewide Communities Development Authority. The proceeds of the bonds will be used to finance construction of the announced Riverdale Cluster and Hanford Cluster renewable natural gas (RNG(R)) projects. The Company...
VANCOUVER, Aug. 25 /PRNewswire-FirstCall/ -- Continental Minerals Corporation ("Continental" or the "Company") (TSXV: KMK; OTCBB: KMKCF) announces the engagement of Standard Bank Plc, the principal international investment banking subsidiary of the Standard Bank Group Limited ("Standard Bank"), jointly with the Industrial and Commercial Bank of China ("ICBC") as Underwriters and Mandated Lead Arrangers for the project finance debt facility for the development of the Xietongmen Project.(1)...
BPZ Resources, Inc. (AMEX:BZP) announced today it has signed a Mandate Letter and Facility Term Sheet with a large international bank to underwrite and structure, on an exclusive basis, a $200 million reserve based facility. This facility is in addition to the initial tranche of senior debt in the amount of $15 million with International Finance Corporation (IFC) which, as previously announced, was closed last week. Both the bank and IFC facilities will be governed by a Common Terms...
The non-profit Electric & Gas Industries Association (EGIA) and Clean Power Finance, Inc. today announce their partnership to add business and residential energy efficiency and solar secured project financing to EGIA's nationally recognized GEOSmart Sustainable Financing Solutions. This comprehensive financing program will be delivered through manufacturers, distributors, utility companies and EGIA's nationwide contractor network. The partnership will provide businesses and homeowners with...
OTTAWA, ONTARIO--(Marketwire - Aug. 14, 2008) - Orezone Resources Inc. (TSX:OZN)(AMEX:OZN) is pleased to announce that Bayerische Hypo- und Vereinsbank AG, a member of UniCredit Group ("HVB") and The Standard Bank of South Africa Ltd have received final credit approvals to fully underwrite and provide US$300M in project debt and a US$30M cost over-run facility for the Company's Essakane gold project in Burkina Faso, West Africa. The US$330M combined facility is considerably larger than the...
Nevsun Resources Ltd., (TSX: NSU)(AMEX;NSU) ("Nevsun") wishes to announce its results for the second quarter of 2008. Complete details of the June 30, 2008 interim financial statements and Management's Discussion and Analysis can be found on the Nevsun website at www.nevsun.com/financial.html as well as on Sedar at www.sedar.com and EDGAR at http://www.sec.gov/edgar/searchedgar/webusers.htm. The Company's cash position at June 30, 2008 was approximately US$58 million. The income for the...
TARRYTOWN, N.Y., Aug. 6 /PRNewswire-FirstCall/ -- Environmental Power Corporation , a leader in the renewable bioenergy industry, today is celebrating the commencement of construction of its Hereford RNG(R) facility in Texas. The plant will use proven anaerobic digester technology to generate methane-rich biogas from manure as well as other food and agricultural wastes, condition it to natural gas standards and distribute renewable natural gas (RNG(R)) via a commercial pipeline. Prior to...
The Board of Directors of Mustang Minerals Corp. (TSX VENTURE: MUM) (FRANKFURT: NJF) is pleased to announce the appointment of Ian Ward P.Eng as Senior Vice President of Mustang. Mr. Ward's primary role, commencing in September 2008 will be to oversee the completion of a positive feasibility study for the Maskwa Nickel Project located near Lac du Bonnet Manitoba, and subsequently to drive the project financing and development effort. Ian Ward is currently President and Principal Metallurgist...
TARRYTOWN, N.Y., July 31 /PRNewswire-FirstCall/ -- Environmental Power Corporation (Nasdaq: EPG or the "Company") today announced results for the second quarter ended June 30, 2008. Business Commentary The Company is pleased to report that market conditions for our business model remain robust and that we have achieved substantial progress in the last several months on key projects in Texas, California and Nebraska as well as significant growth in our development pipeline. As further...
