• Company turns to shotguns to boost business Sep 7, 2009
Brackus says preliminary production targets call for making 1,000 shotguns per month. The Idaho Statesman reports the company expects to begin producing a line of rifles in coming months. (Burley South Idaho Press, ID)
IJM eyes downstream activities in India venture Sep 7, 2009
As such, we will meet our production targets. . (The Star Online, Malaysia -- Business)
Oil caps biggest weekly drop in 10 Sep 5, 2009
The Organization of Petroleum Exporting Countries is scheduled to meet in Vienna on Sept. 9 to discuss production targets. Members have implemented about 71 per cent of the 4. (Sydney Morning Herald -- Business)
Prospect of decades of returns makes Marcellus Shale the hot place to be Aug 31, 2009
Yet, gas drilling marches on, especially in unconventional plays such as the Marcellus Shale, with many companies racing to declare how much their production targets are ballooning for the coming months. Behind the bragging rights is a hope that the future will pay no mind to the present that gas prices will stabilize in the $7 to $8 range and, more importantly, that the muted demand from industrial customers will swing back to prerecession levels. (Pittsburgh Business Times, PA)
* World Business Quick Take Aug 29, 2009
The oil minister of Qatar, Abdullah bin Hamad Al-Attiyah, yesterday urged his counterparts in OPEC to keep production targets unchanged at next months gathering. MEDIA. (Taipei Times, Taiwan -- Business)
Timber labour Aug 27, 2009
"All the other days are working days no matter what the weather conditions, they always work. "The Koreans work for the government and their communist party, they've got production targets," he said. "If the quota is filled then everything is ok. If it is not fulfilled, well then they've got their Communist Party of North Korea, and everybody gets punished from the managers down to the worker who didn't fulfil the quota. (BBC News -- Europe)
FTSE 100 pushes back past 4,900 Aug 27, 2009
The London-listed Russian goldminer said it was on track to meet full-year production targets. On the FTSE 100, , the maker of Guinness stout and Johnnie Walker whiskey reported annual numbers in line with forecasts. (FT.com -- Markets)
Fresnillo Says First-Half Profit Fell 14% After Slide in Price of Silver Aug 17, 2009
We remain positive about the second half of 2009, reiterate our production targets for the full year and remain confident of achieving our budgetfor the year whilst maintaining our current profit margins, Chief Executive Officer said in the statement. To contact the reporter on this story: in London. (Bloomberg -- UK)
Ford increases third-quarter production under cash Aug 14, 2009
Ford also increased its production targets for the fourth quarter to 570,000 vehicles, a 33 percent increase over the same period last year. Ford is one of the biggest beneficiaries of the federal government's "cash for clunkers" program. (Xinhuanet, China)
Price of oil declines for a third day Aug 11, 2009
The Organization of Petroleum Exporting Countries, responsible for 40 percent of global supplies, is due to review production targets Sept. 9. Weak demand through late summer and the massive overhang of stockpiles in the United States may also limit any price gains, said Toby Hassall, at Commodity Warrants Australia. (Boston Globe)
CRG survival plan calls for cuts in staff and salaries Jul 26, 2009
Tough times force lower production targets July 26, 2009. By Wiseman Khuzwayo. (Business Report, South Africa)
BP: Iraq Oil Deal is Start of Something Big Jul 25, 2009
The top production targets bid by the international oil community on the six oil fields on offer add up to 8. 2 million barrels per day. (BusinessWeek)
Newfield Reports Financial and Operating Results for Second Quarter 2009 Jul 23, 2009
We intend to meet our production targets in 2009 and are confident that our portfolio will allow us to grow production at similar percentage levels, within cash flow, in 2010-11. " Second Quarter 2009 For the second quarter of 2009, Newfield recorded a net loss of $39 million, or $0.30 per diluted share (all per share amounts are on a diluted basis). The loss reflects a net unrealized loss on commodity derivatives of $322 million ($208 million after-tax), or $1.58 per share. Without the effect... (PR Newswire)
Suncor Energy releases second quarter 2009 results Jul 22, 2009
Ore grade quality, unplanned mine equipment and extraction plant maintenance, tailings storage and in-situ reservoir performance could impact 2009 production targets. Production could also be impacted by the availability of third-party bitumen. (PR Newswire)
Ballarat gold mine to be closed, sold Jul 21, 2009
While the company says it has received expressions of interest from potential buyers, the failure of the mine to meet a series of reduced production targets despite large investments by Lihir is likely to make any sale difficult. were unchanged at $2. (Sydney Morning Herald -- Business)
Oil's Outlook Is Hard to Refine Jul 21, 2009
For prices to go higher, OPEC will have to stick to its production targets ... For oil to go higher, OPEC will have to stick to its production targets. (BusinessWeek)
Lonmin: Mine output could jump 40% Jul 21, 2009
Output at Lonmin's Marikana mine had the potential to jump nearly 40 percent but the platinum producer would not unveil production targets until November, its chief executive said yesterday ... He launched a restructuring programme when he took over as chief executive last October, hoping to win back investors disappointed over missed production targets. (Business Report, South Africa)
View: GM is the wave of the future Jul 16, 2009
The government plans to introduce genetically modified (GM) foods, particularly tomatoes, brinjals and cauliflower, to help meet food production targets in three years' time. The Indian Council of Agricultural Research and Department of Biotechnology has approved the three transgenic crops that are in various stages of tests and development in institutes across the country. (India Times, India)
Behind Chinese walls Jul 14, 2009
There is widespread speculation that this has been enough to prompt embarrassed officials to attack Rio by alleging that Rio s employees engaged in the theft of state secrets , presumably meaning the production targets of state-run Chinese steel mills. In a further twist, as part of the investigation into Rio, Chinese authorities are said to have seized information which may provide insight into the mining firm s production costs and capacity. (The Economist)
M&M to roll out diesel trucks in US Jul 9, 2009
Met to decide on the pricing, production targets and advertising spends for the US market. Stringent emission norms is forcing Meconfigure the vehicles it proposes to launch in the highly-competitive US market, said those connected with the project. (India Times)
Provide irrigation facilities for Northern Ghana - Ministers Jul 9, 2009
The Ministers observed that although the Northern, Upper West and East Regions were endowed with fertile lands, they could not meet their food production targets because of their dependence on rain feed agriculture. The Ministers said, agriculture had the capacity to transform and turn around the fortunes of the three regions if given the needed attention and called for massive investment in the sector. (Ghana Web, Ghana)
Analyst predicts more Boeing 787 delays Jul 8, 2009
Weve thought its a 12-month certification process all along, said Mr. Arment, adding that Boeing will have to decide on a second production line soon in order to meet production targets for 2012. It is all speculation at this point, said a Boeing spokeswoman by e-mail. (Crain's Chicago Business)
Kremlin welcomes foreign miners Jul 1, 2009
In short, the investment spending and production targets set out in the license agreement remain, but the time allowed to the mining group to reach them is being stretched out ... "Understanding the importance and strategic value of the Udokan deposit for Russia, we keep our word and we will execute all the announced plans. The license payment will be made in full, under the pre-crisis price. Payments will be executed within the next few days. ... The contest terms were formulated, when... (Asia Times Online)
Thinly-Traded Markets Rally as Jun 30, 2009
With that in mind, Ford also upped its third-quarter production targets in the U.S. for a second time. Watson Wyatt World Wide (WW) and Towers Perrin Forster & Crosby unveiled plans to merge in an all-stock deal worth $3. (Fox News)
Rockwell Announces Fiscal 2009 Results Jun 27, 2009
As ongoing implementation of the wide ranging efficiency drive and increased production targets are achieved production costs will be contained further. Mineral Resources Mineral resources were estimated at year end for the Holpan, Klipdam, Saxendrift, Wouterspan Niewejaarskraal properties. (PR Newswire)
Crude Oil Falls Below $69 on Japan's Export Drop, U.S. Gasoline Stockpiles Jun 24, 2009
The Organization of Petroleum Exporting Countries agreed at three meetings last year that the 11 members with production targets would cut output by 4. 2 million barrels a day. (Bloomberg -- Germany)
Dad's Overworked And Tired While Mom's Potentially Fired Jun 18, 2009
Choice is turning into expectation at most companies built upon the "team work" model, with pressures coming from project teams, responsibility for meeting profit or production targets, imposed deadlines and employees left to manage their own careers. A separate study at a software engineering firm, for example, determined that interdependent work patterns, "a crisis mentality," and a reward system based on individual heroics led to "inefficient work processes and long working hours.". (Science Daily)
Lihir slashes gold mine value Jun 16, 2009
Lihir has struggled to meet production targets at the Ballarat mine in Victoria since acquiring it in 2006 through the $350 million takeover of Ballarat Goldfields. The company cut production and 200 workers at the mine in April as lower-than-expected volumes of ore cut sales. (Sydney Morning Herald -- Business)
Lihir Reduces Ballarat Mine Value by Up to $350 Million on Production Cut Jun 16, 2009
Lihir has struggled to meet production targets at the Ballarat mine in Victoria since acquiring it in 2006 through the A$350 million ($278 million) takeover of Ballarat Goldfields NL. The company cut production and 200 workers at the mine in April as lower-than-expected volumes of ore cut sales. fell 1. (Bloomberg -- Australia & New Zealand)
Oil recovers from profit taking Jun 4, 2009
The group, which last week decided to keep output unchanged amid signs of economic recovery and higher crude prices, seeks to influence prices by setting an output quota, with members given individual production targets. The market is also waiting for the release later Wednesday of a weekly energy reserves report by the US Department of Energy. (Business Report, South Africa)
CONSOL Energy Will Restart Buchanan Mine Jun 4, 2009
Company Announces Other Schedule Changes, Adjusts Production Targets. PITTSBURGH, June 3 /PRNewswire-FirstCall/ -- CONSOL Energy Inc. (NYSE: ) expects to adjust the operating schedule of several of its coal mines. (PR Newswire)
Oil rally capped by rising inventories Jun 3, 2009
Last week, OPEC decided to keep production targets unchanged after agreeing a series of deep cuts in 2008 to stem a steep slide in crude oil prices from last July's record highs. The US Energy Information Administration will issue its own inventory data overnight. (Sydney Morning Herald -- Business)
GM closely watched by Stillwater Mining Jun 2, 2009
"The production targets and the goals set in our reorganization plan _ so far in 2009 we're meeting or exceeding those targets," he said. A service of the Associated Press(AP). (Montana Standard, MT)
Capstone Announces New Life-of-Mine Plan & Mineral Reserve for the Cozamin Copper Mine, Mexico Jun 1, 2009
A number of upside opportunities have been identified that could result in a higher annualized rate of production, which we are working to crystallize (Canada Newswire)
OPEC Chief: Too Soon to Tell on Output Increase May 30, 2009
"It's very early to say. We have to see demand change," El-Badri told reporters here a day after OPEC decided to keep its current production targets in place. -By Spencer Swartz, +44 207 842 9357; spencer. (SmartMoney)
Oil climbs on Saudi minister's forecast May 28, 2009
Asian demand has begun to recover and higher prices will be healthy for economic growth, Ali al-Naimi said yesterday in Vienna, where OPEC will meet today to discuss production targets. A government report today is forecast to show that US gasoline supplies fell for a fifth week as demand rose. (Boston Globe)
Etruscan Concludes US$5 Million Debt Financing May 28, 2009
Forward-looking statements may include statements regarding exploration results and budgets, mineral reserve and resource estimates, work programs, capital expenditures, mine operating costs, production targets and timetables, future commercial production, strategic plans, market price of precious metals or other statements that are not statements of fact. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that... (Canada Newswire)
CRG's failure to clarify target gives wrong signs May 27, 2009
The failure of Central Rand Gold (CRG) to bring clarity on its production targets in an annual general meeting (AGM) held last week had invoked negative sentiment from investors, analysts said yesterday. CRG's shares plunged by about one-third after its AGM started on Friday afternoon to near a record low in late afternoon trade yesterday. (Business Report, South Africa)
Opec eyes fragile economic recovery May 27, 2009
The group seeks to influence prices by setting itself an output quota, with members given individual production targets which are reviewed at regular meetings ... "We don't believe that anyone could seriously believe that Opec will cut production targets again at its meeting on Thursday, especially as compliance dipped in April to 77 percent from 82 percent in March," said analyst Peter Hutton at NCB Oils. (Business Report, South Africa)
OPEC likely to keep production targets steady May 26, 2009
Web search enhanced by. Published: Tuesday May 26, 2009 MYT 7:54:00 AM. (The Star Online, Malaysia -- Business)
Oil falls below $60 as traders eye economic data May 26, 2009
"The general consensus is that the group will leave current production targets in place," said JBC Energy in Vienna, adding that "a surprise cut may be on the cards.". Saudi Arabia's oil minister, however, said that the 12-member Organization of the Petroleum Exporting Countries is unlikely to cut output at its upcoming meeting. (Fresno Bee -- Business)
Oil Falls Towards $61 on North Korea Nuclear Test May 25, 2009
Still, prices hovered around a six-month high, as a weak U.S. dollar and expectations the Organization of the Petroleum Exporting Countries (OPEC) would keep its official production targets unchanged during its meeting on Thursday limited oil's losses. U.S. crude futures for July delivery fell 32 cents to $61. (ABC News -- Wire)
OPEC to keep output steady May 22, 2009
Will OPEC change its oil production targets on May 28. Cutting production is painful and Saudi Arabia, by far the largest OPEC producer and exporter, has insisted in the past that discipline be improved before any more cuts are considered. (India Times)
Pan Orient Energy Corp.: 2009 First Quarter Financial and Operating Results May 20, 2009
Any exploration success will be evaluated after initial appraisal drilling as to the impact on production targets with updated guidance provided by the Company at that time. The 2009 drilling program of 29 wells is expected to include approximately 17 development wells and 12 appraisal and exploration wells, with the final selection of wells to be determined by drilling results and opportunities. (CCNMatthews Press Releases)
New discovery boosts Randgold optimism despite dipping profit May 8, 2009
Investec Securities said the company would have to significantly increase the grade at Loulo for the rest of this year if it was to hit production targets. "I believe the second quarter is going to be the toughest quarter in our year," said Bristow. (Business Report, South Africa)
Motor madness May 5, 2009
" Starved market The economic downturn does not seem to have affected demand for cars in Venezuela as it has in other parts of the world. Many Venezuelans view buying a car as a more secure investment than keeping their savings in a bank, where they can be eaten away by an inflation rate that hit 30.9% in 2008. Car dealer Oscar Gonzalez does not have to chase customers Economic prosperity during the recent oil boom increased demand for cars to record levels in 2007. But the sector has been... (BBC News -- Business)
An old friend comes to the rescue at Lynas May 4, 2009
Jack Lifton, writing for Resource Investor, argues that Toyota failed to announce the new 2014 production targets because of a global supply constraint. 1. (Sydney Morning Herald -- Business)
Crude Oil Increases to a Three-Week High as Consumer Confidence Improves May 2, 2009
OPEC will meet in Vienna on May 28 to review production targets. OPEC Output Drops. (Bloomberg -- Germany)
Codelco Has First-Quarter Net Loss of $10 Million on Plunging Copper Price May 1, 2009
Freeport-McMoRan Copper & Gold Inc., the second-largest copper producer, cut production targets last year and curtailed investment, including in Chile, after demand slumped. Freeport-McMoRan Chief Executive Officer Richard said on April 2 that this years copper rally has failed to persuade Freeport-McMoRan to reverse that stance since some parts of U.S. demand are still weakening. (Bloomberg -- Latin America)
Fortescue shares under the pump Apr 29, 2009
Shares in Andrew Forrest's Fortescue Metals have come under renewed pressure after the group failed to meet its iron ore production targets in the March quarter ... While Fortescue missed its production targets for the March quarter, actual shipments were near steady at 6. (Sydney Morning Herald -- Business)
Massey Energy Reports First Quarter 2009 Operating Results Apr 29, 2009
Commenting on the Company's first quarter results, Massey's Chairman and Chief Executive Officer Don Blankenship said, "We were pleased to start off the year with strong sales and earnings. Our total tons produced increased significantly year-over-year for the fourth straight quarter as a result of last year's expansions. The strong quarter was on track to meet our full year production targets. In addition, our cash cost per ton, while higher than last year, was essentially on plan for the... (PR Newswire)
Crude Oil Set for Biggest Weekly Decline Since February on Reduced Demand Apr 17, 2009
The members with production targets, all except Iraq, pumped 25. 567 million barrels a day in March, according to a monthly report the organization released April 15. (Bloomberg -- Europe)
Denison to Sell 20% Stake to Korea Electric, Supply Uranium for Five Years Apr 15, 2009
Denison, which produces uranium in Canada and the U.S., has struggled to meet production targets, Topping said. Last month Denison said it temporarily idled two of its U.S. mines as the price of uranium for immediate delivery fell. (Bloomberg -- Canada)
Crisis provides auto industry an opportunity Apr 10, 2009
Volumes are forecast, brand and product shares are estimated, and plans are formulated to supply the pre-determined production targets. Suppliers and dealers build their plans off the resulting master plans. (India Times)
Platts Survey: March OPEC Oil Output Fell to 27.98 Mil. Barrels Per Day Apr 10, 2009
The survey shows that only Saudi Arabia, Kuwait and Nigeria produced at or below their production targets. For production numbers by country, view. (PR Newswire)
Freeport: Rally unlikely to spark investment jump Apr 4, 2009
April 3 -- Freeport-McMoRan Copper Inc., which lowered production targets last year as the price of copper tumbled, said a rally fueled by Chinese purchases is unlikely to prompt a surge in investments. Demand is very weak in the U.S., Europe and Japan and global financial markets aren't fully opened, said Richard Adkerson, chief executive officer at the world's largest publicly traded copper mining company. (AZCentral -- Business)
Farallon Announces Year-End 2008 Financial Results Apr 1, 2009
Further to the update of operational activities at the G-9 Mine provided in its news release of January 22, 2009, the Company's initial production targets were met during the period. The Company incurred a loss for the period of $40. (Canada Newswire)
OPEC keeps production targets unchanged Mar 16, 2009
With energy consumption falling sharply as the global financial crisis worsens, OPEC said Sunday that it would not seek a new cut in production targets, as fears about the world economy trumped calls to prop up oil prices. Instead, at a meeting here, the Organization of the Petroleum Exporting Countries said it would press its 12 members to "comply fully" with earlier agreements to curb crude output. (International Herald Tribune)
* Oil slips as market keeps eye on G20 and OPEC meetings Mar 15, 2009
Two important conferences are occurring simultaneously: a meeting of OPEC officials trying to fix production targets and the G20 finance ministers who are attempting to coordinate global economic policy. We expect both to produce nothing more than window dressing, Mike Fitzpatrick at MF Global said. (Taipei Times, Taiwan -- Sports)
Ministry of Defence may scrap 2.... Mar 11, 2009
EADS, which owns Airbus, said yesterday that it would not meet production targets for the A400M and, as a result, its customers would be able to walk away from the project with no penalty. The Ministry of Defence has ordered 25 of the giant propeller-powered A400Ms, which are capable of carrying up to 32 tonnes of equipment, but it is looking at alternative options because of delays. (New York Post -- Business)
Oil Trades Near $47 on Saudi Arabia's Supply Cut, Lower U.S. Inventories Mar 10, 2009
The Organization of Petroleum Exporting Countries has lowered production targets three times since September to combat price declines and prevent a glut on world markets. There is speculation the group will decide to reduce output further when ministers gather in Vienna on March 15. (Bloomberg -- Germany)
Oil rises on talk OPEC will cut output Mar 10, 2009
OPEC has cut production targets three times since September to combat price declines and prevent a glut on world markets. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Crowflight Announces Fourth Quarter and Year-End 2008 Financial Results Mar 10, 2009
- Reaching production targets of 9. 1 million pounds of payable nickel at average operating cash cost of US$3. (CCNMatthews Press Releases)
Miners aiming high amid lower demand this year Mar 10, 2009
Amidst the global economic downturn, local mining companies have set higher production targets this year primarily due to last year's shortfalls ... "The figures seem to be high, but there is nothing too special about these targets. Many miners could not meet their 2008 production targets, which makes this year's targets seem too high," Bambang said recently. (Jakarta Post, Indonesia -- Business)
Oil prices likely to rise Mar 8, 2009
Ministers will meet in Vienna to discuss production targets. It looks as though the market is finally taking the Opec production cuts as a more substantial offset to the weakness in petroleum demand, said Tim Evans, an energy analyst with Citi Futures Perspective in New York. (India Times)
