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One World Will Make An Advance Royalty Payment Of 100000

Atlas copco ltd has signed an agreement to acquire the medical gas solutions business from penlon ltd, headquartered in the united kingdom.Penlon medical gas solutions is a leading provider of medical gas systems, medical vacuum equipment, and pipeline components for hospitals.Penlon medical gas solutions' business had revenues in 2010 of around mgbp 12 and employed aggregate quarry mining equipment south africa about 100 people.The parties have agreed not to disclose the purchase price.The transaction is conditional on clearance by competition authorities.Penlon medical gas solutions is headquartered in abingdon, oxfordshire.The company has assembly facilities in the uk and sells through distributors to over 30 countries worldwide, including the middle east, india, china and japan.See also the medical gases section of jaw crusher in south africa.The anesthesia business will remain with penlon ltd.The united states mine safety and health administration has just terminated two imminent danger orders issued on march 18, 2011 to lexington, kentucky based rhino eastern llc, a 51%-owned subsidiary of rhino resource partners lp, regarding its eagle no.1 mine in bolt, west virginia.Today's actions by msha allow rhino eastern llc to resume production at the eagle no.1 mine immediately.R.Chad hunt, p.E., vice president of rhino gp llc, the general partner of rhino resource partners lp and the coal grinding mill plant process executive who oversees the rhino eastern mine, commented that "we have successfully drained the pools of water that caused msha to issue the two imminent danger orders and we will continue to monitor the situation and drain any smaller pockets that remain when we encounter them.The safety of our workforce always has been, and will continue to be, our top priority.We are very appreciative of the hard work our management and workforce put into this effort to get the orders lifted and the cooperation we received from msha." future production is not anticipated to be affected by the temporary idling of production or the engineering solution implemented by rhino eastern llc.The properties cover approximately 26,000 acres and are known as chanarcillo, yerbas buenas, pircas, chimbeos and lomas bayas.One world will issue an aggregate of 17,500,000 shares and pay an aggregate of $500,000 cash to acquire an 80% interest in each of the properties and will fund 100% of all costs up to the completion of a positive feasibility study for each property.The property vendor will retain a 1% net smelter returns royalty on each property, up to a maximum of us$10,000,000 in royalty payments per property.One world will make an advance royalty payment of $100,000 on each property.Chanarcillo and yerbas buenas are currently the two material properties in the package, and each is highly prospective for the presence of iron oxide copper gold ("iocg") deposit-type mineralization.One world anticipates conducting drilling programs on each of the chanarcillo and yerbas buenas properties, totalling approximately 15,000 metres, as well as at least one more of the newly-acquired properties, in 2011.

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