Former Daylight Energy CEO accused of insider trading by Alberta Securities Commission

CALGARY — The Alberta Securities Commission is accusing the former CEO of Daylight Energy Ltd. of insider trading, along his ex-wife and her boyfriend.The watchdog alleges Anthony Lambert bought shares in Daylight in August and September 2011 shortly before his company was acquired by Chinese firm Sinopec.The $2.2-billion deal was not disclosed publicly until Oct. 9, 2011.The ASC also alleges that Lambert’s ex-wife, Sandra Pierce, bought Daylight shares after Lambert tipped her off about the takeover.And the commission says Pierce talked about the impending deal with her boyfriend, Sean Turner, who also bought Daylight stock.An appearance to set a hearing date is scheduled for May 6 in Calgary. The allegations have not been proven.The Canadian Press read more

Deswik and RWE to announce new continuous mass mining planning tools at

first_imgDeswik has announced the signing of a cooperation agreement with RWE Power International RE (RWEPI – part of the RWE Group), which focuses on enabling long term growth in the overall application of continuous mass mining (CMM) techniques. The company stated that the partnership brings to the industry increased availability and capability of expert consultancy services worldwide, especially to the Australian market; as well as exclusive development of fit for purpose mine planning tools for analysis and planning of IPCC and BWE mining systems, including hybrid operations using combinations of CMM, truck and shovel, dragline, dozer and surface miner fleets. The new partnership will be outlined at the forthcoming IPCC 2013 conference in Cologne, from 13th to 15th October.Neil Tyson, Business Development Manager at Deswik notes: “RWEPI are the world’s foremost independent experts in continuous mass mining techniques – they are  backed-up by RWE’s  high capacity mining operations, where more material is moved annually on conveyors than anywhere else worldwide. The key benefit of our partnership is rapid generation of whole-of-mine schedules and value models that include mass mining techniques as well as conventional methods. This combination of rapid scenario analysis with leading expertise in mass mining system planning, design, and operation provides a new way of analysing the most valuable total mine configurations, and mitigating principal risks.”He adds: “The benefits of our partnership are already flowing to the wider industry as well – we are launching the first generation of commercially available mine planning tools for CMM applications, at the In-Pit Crushing and Conveying 2013 conference in October, and invite all those with an interest in CMM applications to visit our booth, and see the progress our partnership with RWEPI has made.”last_img read more