Posts From King World News

US oil production 'important' amid clean energy transition: Obama

President Barack Obama called US oil production an “important” source of energy as America transitions towards cleaner resources, defending his move to allow petroleum giant Shell to drill in the Alaskan Arctic. Obama’s administration gave the petroleum giant a green light three days ago to explore the Chukchi Sea near Alaska — as long as the Anglo-Dutch firm has the correct permits from the agencies that regulate the environment and

Agnico Eagle Announces Investments in Belo Sun And Pershimco

[PR Newswire] – TORONTO, May 14, 2015 /PRNewswire/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle”) announced today that it has agreed to subscribe for 62,500,000 common shares (“Belo Sun Shares”) of Belo Sun Mining Corp. (BSX.TO) (“Belo Sun”) in a non-brokered private placement at a price of $0.24 per Belo Sun Share for total consideration of $15,000,000. Closing of the private placement is expected to occur on or