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Famed Cullinan mine banks on big diamonds to drive down debt

3 days ago DieselGasoil Comments Off on Famed Cullinan mine banks on big diamonds to drive down debt
CULLINAN, South Africa (Reuters) – The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Mine workers are seen under ground at Cullinan mine, near Pretoria, South Read More

Orkuveita Reykjavíkur – Green Bond Offering Results

6 days ago DieselGasoil Comments Off on Orkuveita Reykjavíkur – Green Bond Offering Results
Orkuveita Reykjavíkur (OR; Reykjavik Energy) today concluded its first green bond offering. The new green bond series has a maturity of 36 years, pays a fixed real-interest rate and will be listed on the Nasdaq Iceland Sustainable Bond market. The series has a semiannual annuity amortization schedule and a final maturity on February 18th 2055. Read More

International Petroleum Corporation 2018 Year-End Financial Results and 2019 Budget, Production and Resource Guidance

1 week ago DieselGasoil Comments Off on International Petroleum Corporation 2018 Year-End Financial Results and 2019 Budget, Production and Resource Guidance
TORONTO, Feb. 12, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operating results and related management’s discussion and analysis (MD&A) for the year ended December 31, 2018.(1) IPC is also pleased to announce its 2019 capital expenditure budget range of between USD 146 Read More

Reykjavik Energy Issues Green Bonds

2 weeks ago DieselGasoil Comments Off on Reykjavik Energy Issues Green Bonds
Orkuveita Reykjavíkur (OR; Reykjavik Energy) will conduct an auction of a new inflation linked green bond series, ORG180255, February 13th 2019.The new green bond series has a maturity of 36 years, pays a fixed real-interest rate and will be listed on the Nasdaq Iceland Sustainable Bond market. The series has a semiannual annuity amortization schedule Read More

Marksmen Announces Closing of Financing to Replace Outstanding Debenture

3 weeks ago DieselGasoil Comments Off on Marksmen Announces Closing of Financing to Replace Outstanding Debenture
CALGARY, Alberta, Jan. 31, 2019 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) announces that it has closed its previously announced non-brokered financing to replace an outstanding debenture by issuing a non-convertible secured debenture (“Debenture”) in the amount of $1,250,000 and 1,800,000 share purchase warrants of the Company (the “Warrants”). Each whole Warrant Read More

Aramco's rating ambitions face Saudi economic curb

3 weeks ago DieselGasoil Comments Off on Aramco's rating ambitions face Saudi economic curb
DUBAI (Reuters) – Saudi Aramco is pushing for a top credit rating ahead of its first international bond sale, but Saudi Arabia’s sluggish economy may curb the state-owned oil firm’s ambitions. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES 2017) in Manama, Bahrain, Read More