Carborundum Universal Lines up Rs 200-cr Capex in 2012-13 2012-05-07

May 5, 2012 - Carborundum Universal Ltd plans Rs 200-crore capex in 2012-13.For its domestic business, the company has lined up capacity expansion plans in abrasive thin wheels, converted coated products, sintered aluminia grains, alumina zirconia grains and lined equipment fabrication facility.The company is also pursuing opportunities to set up a greenfield project to meet the additional requi…

Martin Marietta to Add Kiln at Woodville Plant 2012-05-04

May 3, 2012 - Martin Marietta Magnesia Specialties LLC announced Wednesday it would add a sixth kiln at its dolomitic lime production facility here.The kiln, which will be operational in the fourth quarter of 2012, is the centerpiece of a $53 million investment that will add 900 tons of capacity per day.The Woodville venue is the largest dolomitic lime plant in North America. The majority of the…

Matilda Appoints New CEO to Lead Development of Keysbrook Project 2012-05-04

May 2, 2012 - Matilda Zircon Limited is pleased to announce the appointment of Mr Trevor Matthews as Chief Executive Officer.Mr Matthews, who will take up his position on May 14, will lead development of Matilda's Keysbrook Zircon-Leucoxene Project in WA, which will underpin the Company's transition to a major mineral sands producer.Mr Matthews has extensive experience in managing start-up …

A Silicon Metal Smelter to be Set up in UAE 2012-05-03

May 2, 2012 - A silicon metal smelter will be setup in Abu Dhabi's newest industrial zone KIZAD, which will supply high grade silicon to aluminium smelters in the region. The plant is estimated to cost around Dh638 million.Khalifa Industrial Zone Abu Dhabi (Kizad) signed a Musataha agreement with Al Braik Investments, during the 17th World Aluminium Conference held in the capital.The agreement w…

Beacon Hill to Move Magnesite Project forward 2012-05-03

May 2, 2012 - Beacon Hill Resources is to look for a partner for its Arthur River magnesite project after a scoping study indicated a mine at the Tasmanian site would be economically viable.The study provides a "strong platform" to move Arthur River forward towards a full feasibility study and to secure a joint venture and or off-take partner to fund its development, Beacon Hill said.The study e…

Beacon Hill Resources continues towards bid to produce 4Mtpa from Minas Moa… 2012-05-02

Apr. 30, 2012 - Beacon Hill Resources is making good progress in its bid to ramp up production from its Minas Moatize coal mine to 4 million tonnes per year.Reporting on activities for the quarter to March 31, it said the firm had grown into a "significant" Mozambican coal producer and developer.Recently, the group has begun production of coking coal, executed a highly valuable marketing agreeme…

Rio Tinto Alcan Hopes to Sell Alumina Plants by September 2012-05-02

May 1, 2012 - Montreal-based Rio Tinto Alcan hopes to seal the sale of four alumina plants in France and Germany by the end of September, the chief executive of Rio Tinto's aluminum arm said, advancing its push to reduce its footprint in the highly competitive sector.Rio Tinto Alcan said at the end of March it had received a binding offer from private equity group HIG for its three specialt…

Kerneos Acquires Greek Company Elmin 2012-05-02

Apr. 30, 2012 - Kerneos, world leader in calcium aluminates, is pleased to announce that it has acquired a 54% stake in the capital of the Greek company Elmin, the leading European exporter of monohydrate bauxite.A Greek mining company founded in 2000, Elmin extracts, processes and sells monohydrate bauxite on industrial specialty products markets. Its annual sales volumes of roughly 500 Kt invo…

IMERYS: First Quarter 2012 Results 2012-04-30

Paris, April 26, 2012 - Imerys announces solid results for 1st quarter 2012 in a contrasted environment.• + 10% increase in revenue compared with 1st quarter 2011• Current operating income up + 9%• Stable revenue and operating margin at comparable Group structure and exchange rates• Net income from current operations up + 10%Results for the 1st quarter, ending on March 31…

Orient Refractories Ltd Board to consider Interim Dividend 2012-04-30

Apr. 26, 2012 - A meeting of the Board of Directors of Orient Refractories Ltd will be held on May 02, 2012, to consider declaration of an interim dividend on the equity shares of the Company.The Orient Refractories Ltd stock closed the day at Rs.31.35, up by Rs.0.05 or 0.16%. The stock hit an intraday high of Rs.32.80 and low of Rs.30.80.The total traded quantity was 0.38 lakhs compared to 2 we…

Zampell Refractories Ltd helps to build a power plant 2012-04-28

Apr. 27, 2012 - A "switch on" ceremony was held yesterday to mark the completion of the new $8 million power plant of Anna Jaques Hospital.In addition to providing a modern source of energy, the new plant means the deactivation and removal of the institution's four-decade-old boilers.The hospital's five-story smokestack also will be dismantled and taken away in the coming months as its mode…

Cabot's New Fumed Silica Material Improves Adhesive Performance 2012-04-28

Apr. 26, 2012 - Cabot has announced that it has developed CAB-O-SIL ULTRABOND 5760 fumed silica, a new performance additive.The transportation industry will use this silica material in order to attain its objective to reduce weight and enhance the fuel efficiency. Adhesives systems are benefited by this hydrophobic silica, as this material decreases the application viscosity with no compromise i…

Fluormin Receives First Payment for KFC Stake Sale 2012-04-28

Apr. 27, 2012 - Fluormin has received US6.5 million as the first payment of its disposal of a 20 per cent stake in the Kenya Fluorspar Company (KFC), it said, as it unveiled a Q3 update today.The fluorspar producer received the first payment on April 19, and received a dividend of US$1 million from KFC on April 16.Last month, the company sold the stake for US$13 million, realising a profit of ar…

RHI AG Invests 2 million Euros at the Trieben Plant 2012-04-28

Apr. 27, 2012 - RHI AG, a globally leading producer of refractory products, invested roughly two million euros in expanding production capacity at the plant in Trieben. The investment covers a new press with a pressing force of 2000 tons and a milling system for the finishing of refractory bricks. These devices were commissioned in April.With this investment, the production capacity will be incr…

Minerals Technologies Reports Record First Quarter Revenue 2012-04-27

Apr. 26, 2012 - Minerals Technologies Inc. today reported net income of $18.0 million for the first quarter 2012, compared with $15.8 million in the first quarter of 2011."We began the year with strong financial performance, posting a company record for first quarter earnings, and putting us back on pre-recession earnings levels," said Joseph C. Muscari, chairman and chief executive officer…