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Receivers move into CopperCo as banks refuse to refinance - The Australian
COPPERCO, which operates the Lady Annie copper mine in Queensland, has joined a growing list of junior miners calling in administrators as banks close their doors to debt refinancing. Industry insiders expressed concern that CopperCo, which has a ...

OZ Minerals seeks extension for debt facilities - The Australian
OZ Minerals stunned the market today with a revelation it is struggling to refinance $US560 million of debt by Sunday. Debt deadline: A mine worker at Oz Minerals' Sepon gold mine in Laos. The company is struggling to refinance its debt. The dramatic ...

PRESS DIGEST-Australian Business News - Nov 28 - Reuters
Pat Handley, the chairman of clothing and footwear wholesaler Pacific Brands (PBG.AX: Quote , Profile , Research , Stock Buzz ), resigned on Wednesday, handing the chairmanship to board member James MacKenzie. Analysts have been surprised by the move ...

Kiernan to double stake in Redbank - West Online
Mining identity Michael Kiernan says he will double his stake in cash-strapped copper and gold producer Redbank Mines whose chairman Kim McGrath stood down on Friday, citing personal reasons. Mr Kiernan intends to take a seat on board and will ask ...

Space invader alert! - The Age
In space, no one can hear you scream - right now in investor space that is. The horror unfolds all about, alien monsters surface hungry on the stock market landscape, tearing companies limb from limb, sinking their jagged fangs into punters' soft ...

Advancing Congo Rebels Declare Cease-Fire in Provincial Capital - FOX News
Oct. 29: Uruguayan United Nations soldiers play with children as they deploy to an observation post near the village of Kibati in eastern Congo. Oct. 29: Uruguayan United Nations soldiers play with children as they deploy to an observation post near ...

EXCLUSIVE: Cyber-Hackers Break Into IMF Computer System - FOX News
The discovery of the assault last week threw into crisis the Washington, D.C. based International Monetary Fund (IMF), which offers emergency financial aid to countries faced with balance-of-payments problems, and provoked a shutdown of IMF computers ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

US May Take Ownership Stake in Banks - Common Dreams
WASHINGTON - Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government ...

Teck Announces First Steps in Debt Reduction Plan and Update On Coal ... - StreetInsider.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 20, 2008) - Teck Cominco Limited (TSX: TCK.A and TCK.B, NYSE: TCK ) announced today the first steps in implementing its comprehensive plan to reduce debt. The plan includes suspending the dividend for ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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