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IFGL Refractories posts PBT tax of INR 15 crore in Dec quarter

Feb. 8, 2010 During the quarter ended December 31st 2009, IFGL Refractories Limited posted a consolidated profit before tax of INR 15.8 crore against a loss of INR 8.3 crore in the same period of the previous year and profit after tax of INR 10.6 crore from loss of INR 7.3 crore ...

CERAM Strengthens its Team of Refractory Consultants

Feb. 9, 2010 CERAM announces the appointment of Paul Myers to the post of Principal Consultant for Refractories. Expert materials testing, analysis and consultancy firm CERAM is very pleased to announce the appointment of Paul Myers to the post of Principal Consultant for ...

Iluka Resources opens new mine

Feb. 9, 2010 Iluka Resources has officially opened a $390 million mine on South Australia's west coast, a project the state government says will establish SA as a major world supplier of mineral sands. The Jacinth-Ambrosia mine is capable of producing 300,000 tonnes of zircon a ...

A New DBM plant will be set in India

Feb. 9, 2010 Indian mining company National Mineral Development Company (NMDC) Ltd has revealed that it intends to set up a 100 tpd dead burned magnesia (DBM) plant in the Jammu and Kashmir region, India. NMDC has a 74% stake in joint-venture with JKMDC for a magnesite mine near ...

Mindarie zircon mine workers finish up

Feb. 17, 2010 Most of the remaining employees at the Australian Zircon mineral sands mine at Mindarie will finish working today. Administrator Brian Hughes says about 20 jobs will cease today, leaving only about five people at the site, involved in the care and maintenance of the ...

IFM to fire chromite smelters with Angloplat waste ore

Feb. 17, 2010 South African ferrochrome producer International Ferro Metals plans to cut its cost base by firing its smelters with waste product from mining peer Anglo Platinum. "This new source of chromite supply for our two furnaces will reduce our input cost and will enable us ...

Timminco signs long-term silicon metal supply deal

Feb. 19, 2010 Canada's Timminco Ltd. said on Feb.18 it has secured contracts to supply about 90,000 tonnes of silicon metal to a long-standing, but unnamed, customer over the next five years, sending its stock higher. Timminco subsidiary Becancour Silicon Ltd will supply set base ...

Imerys Announces 2009 Results

Feb. 15, 2010 Sales down - 20% and current operating income - 55% - Effectiveness of action plans launched from end 2008: - Substantial reduction in fixed costs and overheads: - EUR158 million - High current free operating cash flow: EUR450 million - Net financial debt decreased ...

Mozambique: Government Discusses Graphite Mines with Investors

Feb. 17, 2010 Maputo The Mozambican government is negotiating with Swiss investors terms for the reopening of the graphite mines in Ancuabe district, in the northern province of Cabo Delgado The mines were closed in 1999, partly because of difficulties in placing the graphite on ...

Noront closes $6.7 million offering

Feb. 18, 2010 Noront Resources Ltd. ("Noront" or the "Company") is pleased to announce that it has completed the prospectus offering originally announced on January 14, 2010. Noront issued 2,436,364 common shares ("Shares") at a price of $2.75 per Share to raise gross proceeds of ...

Minerals Technologies Approves $75m Share Repurchase Program

NEW YORK, Feb 22, 2010 -- The Board of Directors of Minerals Technologies Inc. authorized a share repurchase program of $75 million over a two-year period. This authorization succeeds the previous repurchase program that expired in October of 2009. "This authorization will permit ...

Indian State told to recover cost of magnesite

Feb. 23, 2010 The Madras High Court has directed the government to take steps to recover the cost of magnesite illegally excavated on 78.32 acres by six persons in three villages in Salem district, within two weeks. Passing orders on an appeal by K.M. Kamala and five others, the ...

Minerals Technologies' Fourth Quarter Diluted Earnings

Feb. 4, 2010 Minerals Technologies Inc. today reported net income of $4.1 million, or $0.22 per share, for the fourth quarter 2009, compared with $8.9 million, or $0.47 per share in the third quarter of 2009. Earnings per share, excluding restructuring and impairment charges, ...

Globe Specialty Metals reopens silicon facility

Feb. 3, 2010 - Globe Specialty Metals, Inc. has reopened its silicon metal and ferrosilicon alloys facility in Alabama that it idled during the economic downturn. Globe restarted the first of two furnaces at the plant in early January and restarted the second furnace this week, ...

SC breather to Orissa on Tangarpada mines development

Feb. 5, 2010 New Delhi: The Supreme Court has granted time till March 15 to the Orissa government to comply with its earlier order on the development of Tangarpada chromite mines in Dhenkanal district of the state. While three private bidders - Tata Iron & Steel Company, Jindal ...

New prospect of Thunder Bay chromite deposit

Jan. 4, 2010 Change and hope for a lucrative mine project are fuelling the drive among Thunder Bay Chamber of Commerce members. The hot topic of discussion at the chamber's annual meeting Wednesday was the prospect of a major chromite mine in the Ring of Fire, 500 kilometres ...

DJ NiHAO Unit Gets Permit To Develop Zambales Mining Claim

Feb. 21, 2010 NiHAO Mineral Resources International Inc. said Monday its wholly owned subsidiary, Mina Tierra Garcia Inc., has signed a mineral production sharing agreement with the government that allows it to explore and develop a 5,081-hectare mining claim in Zambales province...

First Bauxite updates on Bonasika Refractory Bauxite Project

Feb. 22, 2010 In December, 2009 FIRST BAUXITE CORP. ("First Bauxite" or the "Company") announced the start of sonic drilling of the bauxite deposits contained in the Waratilla-Cartwright Prospecting Licence ("Warcart PL") to explore the extent, quality and continuity of the ...

2009 Revenue up 12.9% for Morgan Crucible

Feb. 22, 2010 Morgan Crucible recently released its full-year results for the period ended January 3, 2010. Revenue for the full year increased to 942.6 million (approximately $1.5 billion), up 12.9% compared to 2008. Group EBITA before restructuring charges and one-off items was ...

Gunson delivers positive results at Coburn Zircon Project

Feb. 23, 2010 Perth-based Australian mineral exploration company Gunson Resources recently wrapped up a Definitive Feasibility Study at the Coburn Zircon Project in Western Australia, encouraging the Company to step up its efforts to conclude a zircon offtake and investment ...
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