| Mon, Oct 26, 2009 |
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China's Hanlong Mining Investment Offers $700 Million in Funds for Moly Mines Project
BANGALORE, INDIA--October 24, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Hanlong Mining Investment, a subsidiary of Sichuan Hanlong Group (Sichuan, China), has offered $200 million in equity and debt funding to Moly Mines Limited (ASX:MOL) (West Perth, Australia) for the latter's Spinifex Ridge mining venture. The funding will be implemented by means of a subscription agreement, which entitles Hanlong to 207.1 million shares in Moly Mines valued at US 69.28 cents per share, totaling about $140 million. The balance funds of $60 million will be released through a 10-year, interest-bearing loan. 
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IIR Industry News Al...
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China's Hanlong Mining Investment Offers $700 Million in Funds for Moly Mines Project
BANGALORE, INDIA--October 24, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Hanlong Mining Investment, a subsidiary of Sichuan Hanlong Group (Sichuan, China), has offered $200 million in equity and debt funding to Moly Mines Limited (ASX:MOL) (West Perth, Australia) for the latter's Spinifex Ridge mining venture. The funding will be implemented by means of a subscription agreement, which entitles Hanlong to 207.1 million shares in Moly Mines valued at US 69.28 cents per share, totaling about $140 million. The balance funds of $60 million will be released through a 10-year, interest-bearing loan. 
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| Thu, Jun 25, 2009 |
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Hungary's MOL Offered $277 Million Loan for Gas Storage Project
GALWAY, IRELAND--June 25, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The European Bank for Reconstruction and Development (EBRD) (London, United Kingdom), an international financial institution that primarily invests in private sector projects across 30 countries in Europe and Central Asia, has agreed to provide a $277 million loan to Hungary's MOL Magyar Olaj-es Gazipari NyRt (BDP:MOL) (Budapest) for the development of a natural-gas storage facility. MOL is an integrated oil and gas company engaged in the exploration, refining, production and distribution of petrochemicals.
Other companies featured: OMV Aktiengesellschaft (OTC:OMVKY) (Vienna, Austria), RWE AG (OTC:RWEOY), UniCredit SpA (BIT:UCG) 
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| Wed, May 20, 2009 |
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Hungary's MOL Acquires 10% Stake in Iraq's Pearl Petroleum and Access to Kurdish Gas
GALWAY, IRELAND--May 20, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Hungary's leading energy company MOL Hungarian Oil & Gas Company (BDP:MOL) (Budapest) has acquired a 10% stake in Iraq's Pearl Petroleum, which owns rights to the Chemchemal and Khor Mor gas fields in the oil-rich Kurdish region of Iraq. MOL's investment in Pearl Petroleum comes close on the heels of an investment made by Austrian energy major OMV AG (OTC:OMVKY) (Vienna, Austria), which acquired a 10% stake in Pearl Petroleum.
Other companies featured: Dana Gas PJSC (ABD:DANA) 
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| Mon, Mar 16, 2009 |
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Gazprom and Hungary in 50:50 Joint Venture for South Stream Gas Pipeline Project
GALWAY, IRELAND--March 16, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The Hungarian Development Bank Private Limited Company (Budapest) and gas exporter Gazprom OAO (MCX:GAZP) (Moscow, Russia) have entered into a 50:50 joint venture to build the portion of the South Stream gas pipeline that will run across Hungary.
Other companies featured: Eni SpA (NYSE:E), MOL Magyar Olaj-es Gazipari NyRt (BDP:MOL) 
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