Kerneos Announces Increase in Consolidated Q3 2012 Sales 2012-11-14

Nov. 13, 2012 - Growth at Kerneos (Aluminates) (+2.8% and -2.9% organically) was driven by significant price increases, favorable currency and consolidation scope effects (consolidation of Elmin over 5 months) and resilient volumes in chemicals for the building industry (good performance in the United States, Russia, China and Germany; declines in the rest of Europe). These offset a decline in v…

AMG Mining AG Secures Graphite Concession in Mozambique 2012-11-14

Nov. 10, 2012 - AMG Advanced Metallurgical Group N.V. announces that its subsidiary, AMG Mining AG has been granted a 15 year mining concession in Mozambique for natural graphite.The concession area comprises an open pit graphite mine and processing plant in the Ancuabe region of the Cabo Delgado province.  AMG intends to restart graphite mining activity in this concession, which was last a…

UC RUSAL Announces its Results Ended 30 September 2012 2012-11-14

Nov. 12, 2012 - UC RUSAL, the world’s largest aluminium producer, announces its results for the three and nine months ended 30 September 2012 as followed:· The operating profitability and underlying results of RUSAL in the third quarter of 2012 were seriously affected by low LME aluminium price as a result of investor sentiment. Thanks to procurement saving and cost reduction initiatives under…

Cliffs' chromite mining project may get delayed 2012-11-13

Nov. 13, 2012 - Cliffs Natural Resources may be compelled to delay its crucial chromite project at the Black Thor deposit in the Ring of Fire. The project had already been delayed last quarter to the end of 2016 from an earlier target of 2015. Now the company says that many factors would have to come together to meet the official timeline. It is quite possible that the project will get pushed ev…

MZI Resources Boosts Coffers by US$11m with Zircon-rutile Sale to China 2012-11-13

Nov. 13, 2012 - MZI Resources has strengthened its cash position after selling its third shipment of high-value zircon-rutile Heavy Mineral Concentrate for US$11.2 million.The sale was made to China’s largest mineral sands processor and substantial shareholder of MZI, Tricoastal Minerals (Holdings) Company Limited, which is contracted to acquire all the HMC from the Lethbridge South mine in the…

IFGL Refractories Reports 47 percent Drop in Q2 Profit 2012-11-13

Nov. 12, 2012 - IFGL Refactories today reported a 47 per cent drop in net profit at Rs 2.10 crore for the second quarter of the 2012-13 fiscal and attributed the performance to detoriating health of global steel industry especially in the Euro zone and Latin America.The company had a net profit of Rs 3.94 crore in the corresponding period of the last fiscal, it said in a statement here."Performa…

StratMin takes control of potentially world class graphite project 2012-11-13

Nov. 10, 2012 - It is reported that StratMin is taking full control of a Madagascan graphite project which has the potential to grow to ‘world class’ scale.Almost a year ago StratMin bought a 15% stake in Graphmada SARL, the holdings company which owns the project, and it has now struck a deal to buy the remaining 85% for £25.5 million.The project comprises two licences – named Loharano…

Graphite India Posts Higher Net Profit at Rs 46 cr in Q3 2012-11-12

Nov. 10, 2012 - Riding on the back of higher price realisation and a rise in other income, Graphite India Ltd posted 10 per cent growth in net profit to Rs 46 crore for the quarter ended September 30, 2012, as compared with Rs 42 crore during the same period last year. Net sales dipped by 12 per cent to Rs 408 crore (Rs 465 crore) during the period under review. Though there was a dip in net sal…

Global Alumina to Purchase Additional Interest in Project 2012-11-12

Nov. 1, 2012 -  Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the "Project"), announced today that it has entered into a sale and purchase agreement ("SPA") with the Broken Hill Proprietary Company Limited ("BHP Billiton"), one of the joint ve…

Imerys SA Acquires the Last Kaolin Business in the UK 2012-11-10

Nov. 9, 2012 - Imerys SA announces to acquire Goonvean's kaolin activities in Cornwall, which may result in the disappearance of the last independent UK kaolin producer. The acquisition strengthens Imerys' presence in the region, as it means that all kaolin production from south west England will now be produced between just two companies. Production from Devon will be controlled complet…

Richards Bay Minerals Sharpens Zircon Sand Dredging Skills 2012-11-10

Nov. 9, 2012 - A team of operations specialists and maintainers from Richards Bay Minerals recently completed a dredging process training course at the Training Institute for Dredging (TID) in The Netherlands.During the one week training programme, several key aspects of the dredging process were addressed in order to optimise the use of the company's dredge mining equipment.Richa…

Australian Bauxite returns 5.7 million tonnes maiden resource 2012-11-09

Nov. 8, 2012 - Australian Bauxite has identified 5.7 million tonnes in maiden resource at its Tasmanian bauxite tenement, boosting its total resources to 112 million tonnes.The gibbsite-rich. low silica bauxite resource estimate is based on 377 drill holes in less than 10% of the identified bauxite areas in Tasmania, which is located in the northern midlands area in the hinterland of Bell Bay wh…

Imerys Net Income from Current Operations up 3% to €246 M 2012-11-09

Nov. 8, 2012 - On Monday, November 5, 2012, the Board of Directors of Imerys examined the Group’s non-audited financial statements to September 30, 2012. CONSOLIDATED RESULTS non-audited (€ millions) 09/30/2012 09/30/2011 % current change Revenue Current operating income(1) Operating margin Net income from current operations, Group’s share (2) Net income, Group…

RHI Opens Largest Raw Material Fusion Plant 2012-11-09

Nov. 8, 2012 - RHI, a world market leader in refractories, has built one of the largest fusion plants for magnesia raw materials for more than 75 million euros in Norway. In this fusion plant, magnesia obtained from sea water is converted to fused magnesia, a highgrade refractory raw material, at temperatures about 2,800 degrees. With a capacity of approximately 85,000 tons per year, the plant i…

SGL Carbon Charge Weighs on Q3; Outlook Affirmed 2012-11-09

Nov. 8, 2012 - German carbon fiber producer SGL Carbon SE confirmed its 2012 outlook, even though third-quarter net profit plummeted due to a write-down related to contracts with Boeing Co.MAIN FACTS:-SGL Carbon confirmed its outlook, as its order book continues to reflect higher graphite electrode shipments in the final quarter, compared to the first three quarters.-"Higher raw material and oth…