Teekay Tankers Ltd V.TNK

Primary Symbol: TNK

Energy Oil & Gas Midstream

Teekay Tankers Ltd. is a Bermuda-based company. The Company's primary business is to own and operate crude oil and refined product. operates mid-sized tankers. In addition, to its core business, the Company also provide STS support services, along with its tanker commercial management operations. The Company owns a fleet of approximately 42 double-hull tankers, including 24 Supermax tankers,18 Aframax/LR2 tankers, and has six time chartered-in tankers. Its vessels are typically employed through a mix of spot tanker market trading and short- or medium-term fixed-rate time charter contracts. The Company also owns a crude carrier (VLCC) through a 50% owned joint venture. It owns a ship-to-ship transfer business that performs full-service lightering and lightering support operations in the United States, Gulf, and Caribbean.

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Teekay Tankers Ltd

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Post by vsniffelon Jan 26, 2005 7:21pm

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Post# 8493724

from 1998

Engineering & Mining Journal; 5/1/1998 Tenke Mining Corp. (TMC) announced that its final feasibility study indicates that the Tenke Fungurume copper-cobalt deposits in the Congo's (Kinshasa) southern province of Katanga may be among the world's lowest- cost producers of copper and cobalt. Company projections are for a cost of 10 [cents]/lb, after cobalt credits based on a price of $8/lb cobalt. This cost becomes negative at $10/lb cobalt.

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