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Iran's Hormozgan Steel to commission plant two months later than planned

Mar. 11, 2010 - Iranian steelmaker Hormozgan Steel is to start commissioning of its new slab-producing plant two months later than planned. Delays in shipment and in installation of equipment have been cited as reasons for the postponement. Construction is already over 92 percent ...

Oregon Resources begins chromite-zircon mine construction

Mar. 10, 2010 A Portland firm Oregon Resources Corp. finally has the go-ahead to build an ore processing plant in Coos County. It took two decades and 14 permits before Oregon Resources Corp. got the OK to mine chromite, zircon, high-iron and garnet off Seven Devils Road between ...

Globex confirms positive talc-magnesite deposit in Ontario

Mar. 2nd, 2010 GLOBEX MINING ENTERPRISES INC. is pleased to inform shareholders that a NI 43-101 report titled Technical Report on the Initial Mineral Resource Estimate for the Timmins Talc-Magnesite Deposit, Ontario, Canada, has been received. The report provides an initial ...

Old A.P. Green Refractory to produce bricks for buildings

Mar. 16th, 2010 The City of Mexico is one step closer to getting a new brick factory. For more than three years, the CEO of Mid America Brick, LLC has been struggling to open a new brick factory in Mexico. Frank Cordie wants to convert the old A.P. Green Refractory Plant, which ...

Magnesita Refratarios To Sell 10-Yr Benchmark Bond-Source

NEW YORK, Mar. 18, 2010 - Brazil's Magnesita Refratarios SA is looking to sell a 10-year benchmark-size dollar bond as early as late next week, according to a person familiar with the deal. The producer of refractory materials used in the steel industry has hired JPMorgan, BB ...

Tertiary Minerals grabs new fluorspar licence

March 15th, 2010 Mineral exploration group Tertiary Minerals has applied for a new exploration licence for fluorspar some 50km north-north west of its existing Storuman project in Sweden. The company said it was also working on additional fluorspar acquisitions, some of which are ...

RHI Releases Preliminary 2009 Results

Mar. 12, 2010 RHI AG recently announced its preliminary financial results for 2009, including revenues of 1,236.9 million (approximately $1,684.0 million), a decline of 22.5% compared to 2008. EBIT equaled 54.8 million (~ $74.6 million) after restructuring measures and impairment ...

SA Plans to Sell Sinosteel Chrome Venture Stake Angers Unions

Mar. 15, 2010 South Africa's Limpopo Province plans to sell most of its stake in a chrome producer owned by Sinosteel Corp., angering labor unions who want the government to pool its mining assets into one company. "We may announce a winner very soon," Leo Gama, a spokesman for ...

New fluorspar mine hopes to revitalize area

Mar. 15, 2010 Boyce Moodie III is a fourth generation miner. "Frances Berium Moodie is the one who started it all," he says of his great-grandfather who began building one of the county's first mines, "The Klondike" back in 1895. "He put more men on the payroll than he should ...

Australian Zircon director resigns

Mar. 15, 2010 Australian Zircon NL director Michael Kiernan resigned as director on March 12, 2010. Mr Kiernan indirectly holds 2,000,000 shares.

Ilyich restarts open hearth furnace No. 3 after repairs

March 15th, 2010 The Ukrainian flat steel producer Ilyich Iron and Steel Works of Mariupol (Ilyich) has announced the recommissioning of its open hearth furnace No. 3 following capital repairs. Accordingly, Ilyich's open hearth furnace No. 3 was stopped in March 2008, mainly due ...

A new bauxite deposits was found in Australia

March 16th, 2010 It reported today that a maiden inferred high-grade bauxite resource of 7.15 million tonnes at 44.8 per cent had been identified within a total inferred bauxite resource of 17.48 million tonnes. The resource is in the central Bindoon region within its Wandoo ...

RHI AG: Strong Q4 results shows signs of recovery

Restructuring programme shows clearly positive effects Significant increase in operating margin to 9.9% in the fourth quarter Revenues 2009: 1,236.9 million (-22.5%) Operating result: 79.0 million (-52.5%) EBIT: 54.8 million, affected by restructuring measures and impairment ...

Dark sands turn golden for Iluka Resources

March 16th, 2010 The mineral sands producer isn't exactly top of mind, but it can be argued Iluka's royalty exposure to a slab of BHP's Pilbara production has been undervalued by investors. At least that's the message from Iluka chief David Robb, who has been preaching to global ...

First Bauxite excercises warrants for Guynea's refractory bauxite

Mar. 16, 2010 FIRST BAUXITE CORPORATION ("First Bauxite" or the "Company") is pleased to announce that Passport Materials Master Fund LP ("Passport Materials") has exercised an aggregate of 1,500,000 warrants of the Company, resulting in gross proceeds of $1,350,000 to the ...

Graphite India stock can go upto Rs 145-Rs 150

In an Interview, Sandeep Wagle, Founder & MD, Aptart Technical Advisory Services for his stock recommendations, answers the following questions: Your views on any Crew BOS, Aksh Optifibre, Hanung Toys, Maharashtra Scooters? None of them are making a pattern, though Hanung Toys is ...

Balochistan to begin trade production of Zinc, Lead (Graphite)

March 17th, 2010 - BELA: it is reported that the production of Zinc and Lead (Graphite) minerals for trading purpose will soon begin from Dilband area in Balochistna province. According to sources of Ministry for Minerals, the mining of the aforesaid minerals is underway on trial ...

Mineral production from mining increases by 6.40 percent

New Delhi, Mar. 17, 2010 - Union Mines Ministry on Wednesday day said that the mineral production from mining and quarrying sector in December 2009 was higher by 6.40 percent compared to that of the preceding month. However, the mineral sector has shown a positive growth of 8.51 ...

Refractories Exports firm gets crucial bank help

Mar. 26, 2010 BANK support for a 210-year-old manufacturer has played an essential role for its exports. Parkinson-Spencer Refractories Ltd, which has always been on the same site in Holmfield, Halifax, exports its refractory products for the container glass industry all over the ...

AMG reports fourth quarter and full year 2009 results

AMSTERDAM, NETHERLANDS, Mar. 17, 2010 - Key Highlights * Revenue was $231.4 million in the fourth quarter 2009; full year revenue was $867.4 million * EBITDA[1] was $12.4 million in the fourth quarter 2009; full year EBITDA was $69.1 million * EPS on a fully diluted basis was ($1...
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