Profits ease at Goodwin as administration costs increase 2010-12-22

Dec. 21, 2010 - Metals casting company Goodwin reported pre-tax profits for the half-year to end-October were £5.8m (2009 £6.8m) from revenue of £45.9m (2009 £45.8m). Margins remained in-line but overhead and administration costs increased.The order input of all Group companies for the first six months of this half year improved by 29% compared with the same period last y…

China GengSheng Receives $5.4m Fracture Proppant Orders for 2011 2010-12-22

Dec. 21, 2010 - China GengSheng Minerals, Inc., a leading China-based high-tech industrial materials manufacturer producing heat resistant, energy efficient materials for a variety of industrial applications, today announced that it has received fracture proppant supply orders totaling $5.4 million from AMSAT International, a Florida-based technology company specializing in advanced ceramics. Th…

Caroborundum objects to global deal of partner Wendt's parent 2010-12-21

Dec. 20, 2010 - Carborundum Universal India has said that the acquisition of controlling interest in Winterthur Technologies AG of Switzerland by 3M is in breach of the shareholder agreement between Wendt GmbH and Carborundum Universal India Ltd.The Rs 56-crore Wendt India, a company that manufactures super abrasives, is a joint venture of Carborundum Universal and Wendt GmbH. The latter is a su…

Fortune Graphite Acquires Harris Creek Gold Placer Tenure 2010-12-21

TORONTO, CANADA - Dec. 20, 2010 - Fortune Graphite Inc. announces today it has acquired 100% of the Harris Creek Placer gold property with a past production record in the Vernon mining division of British Columbia, Canada.The Harris Creek Placer is a past producing gold property. The total past gold production recovered 14,150 grams of gold.A recovery of 373 grams of gold was reported f…

Deutsche Bahn Sues SGL Carbon, Other Cos For Damages 2010-12-21

FRANKFURT, Dec. 20, 2010 - Deutsche Bahn AG and other European railway operators have filed a civil claim for damages against the members of a suspected cartel for carbon and graphite products, including German carbon fiber producer SGL Carbon SE (SGL.XE), Deutsche Bahn said Monday.Between 1988 and 1999, Deutsche Bahn and other railway operators said they purchased carbon and graphite produ…

ArcelorMittal Galati to restart BF No 3 in January 2011 2010-12-21

Dec. 20, 2010 - It is reported that ArcelorMittal Galati intends to restart its blast furnace No 3 at the beginning of January 2011, two weeks earlier than originally scheduled.It may be noted that ArcelorMittal Galati closed its BF No 3 from November 19th 2010 due to the decrease in orders and was operating just with one of its two operating BFs.ArcelorMittal Galati's BF No 5, after modernizati…

NMDC seeks exploration tie-ups with state governments 2010-12-20

Dec. 17, 2010 - With an eye on securing its long-term growth, NMDC, India's biggest iron ore miner, is eyeing tie-ups with state governments to prepare exploration data for them.While NMDC is offering this service free of cost, it is hoping that state governments will give it stakes in the mines that come up on the basis of the data.This will not only help the company expand presence in terms of…

Canada Fluorspar Names John Higginbotham As CFO 2010-12-16

Dec. 15, 2010 - Canada Fluorspar Inc. , a mineral resource company said John Higginbotham has been appointed as Chief Financial Officer or CFO effective December 15, 2010. Higginbotham most recently served as Chief Financial Officer for RBC Dominion Securities, Inc., and held a number of other senior executive positions during his tenure with RBC which began in 1983.

China Carbon Graphite Appointed Grace King as Senior VPoF 2010-12-16

Dec. 15, 2010 - China Carbon Graphite Group, Inc., the largest wholesale supplier of fine grain and high-purity graphite in China and one of the nation's top producers of carbon and graphite products, is pleased to announce that it has appointed Grace King as its senior vice president of finance.Ms. King has over twenty years of financial transaction experience with extensive contacts …

The manufacture of float glass in the Middle Urals has found an investor 2010-12-16

Dec. 15, 2010 - Director of JSC "Ural glassworks" Gennady Tveritinov hoped that negotiations with the company Tandako - Hungarian manufacturer of float glass for the project of a glass factory in Irbit are in final stages.Put an end to this issue prevents a number of objective factors, in particular, the percentage share of the enterprise. The Hungarian side is ready to enter the draft, as the f…

Rail work puts Iluka's mineral sands plan on track 2010-12-16

Dec. 15, 2010 - Iluka Resources has started work on rail infrastructure worth $6 million at Hamilton and Hopetoun in western Victoria.The construction of the rail siding and loading facility will enable trains to transport zircon and other mineral sands from Iluka's mine near Ouyen in north-west Victoria.The mineral sands are processed at Hamilton.The Iluka Resources project engineer, …

Saint-Gobain To Help Renovate Local Home 2010-12-15

Dec. 14, 2010 - Saint-Gobain is teaming with a handful of local nonprofit organizations to renovate a Charlton Street home to make it more energy efficient and sell it to a first-time homebuyer.Saint-Gobain, the Pennsylvania-based building products company, has major operations in Worcester and today gave a $550,000 grant to the national YouthBuild USA's green initiative.About $100,000 of that m…

POS Himetal builds new submerged arc furnace in South Korea 2010-12-15

Dec. 14, 2010 - POS Himetal, a JV between POSCO and Dongbu Metal in Korea, will build two submerged arc furnaces to produce manganese alloys. GrafTech was awarded the contract to supply the hearth lining for the SiMn furnace, which is rated at 30 MVA and has a shell diameter of 11.1 meters.The UCAR ChillKote™ system will include NMA™ and NMD™ HotPressed bricks for the wall, Gra…

Russian Mechel OAO's revenue rise for the first 9 months of 2010 2010-12-15

Dec. 14, 2010 - Russian mining and steel producer Mechel OAO said Tuesday that its profit and revenue both improved for the first nine months of 2010 thanks to improved across-the-board production.The Moscow company earned $453.5 million in the nine months ended Sept. 30. That compares with a loss of $339.8 million for the first nine months of 2009. Per share results were not available.Revenue r…

Sheffield Resources to start trading on the ASX 2010-12-15

Dec. 13, 2010 - Sheffield Resources (ASX: SFX) is a new IPO focused on bulk minerals in Western Australia, and has been admitted to the ASX to begin trading on Wednesday 15 December, after raising A$7 million through the issue of 35 million shares at $0.20.When Sheffield starts trading there will be 37.8 million fully paid shares on issue.Sheffield has secured a mineral tenure position in Wester…