Yotai Refractories reports marginal sales growth amid profit decline 2025-02-08
Feb. 7, 2025 - Yotai Refractories Co., Ltd. reported its consolidated financial results for the nine months ending December 31, 2024, showing marginal growth in net sales at 0.2% compared to the previous year. However, the company experienced a decline in operating profit by 3.0% and a significant drop in profit attributable to owners of the parent by 27.4%. This financial pe…
ERG’s AI conveyor belt solution delivers the goods at Donskoy plant 2025-02-08
Feb. 6, 2025 - Eurasian Resources Group (ERG) says the implementation of an artificial intelligence project focused on a smart machine vision system for steel belt monitoring has saved it over $300,000 in production costs within three months of the project’s realisation. The project, which has been awarded cloud storage space worth some $19,000 as a special prize from VK Cloud in the In…
Focus Graphite announces non-brokered private placement 2025-02-08
Feb. 6, 2025 - Focus Graphite Inc. ("Focus" or the "Company"), announced today that it has arranged a non-brokered private placement of up to 5,000,000 units (the "Units") of the Company at a price of $0.10 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of up to $500,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") in the cap…
WA Kaolin to raise A$7 million for expansion and efficiency boost 2025-02-07
Feb. 6, 2025 - WA Kaolin Limited has announced an Accelerated Non-Renounceable Entitlement Offer (ANREO) to raise approximately A$7.0 million, supporting its goal to achieve cash flow positivity and ramp up sales from its Wickepin Project. The offer is backed by major shareholders and aims to streamline operations and improve production efficiency, achieving a finer grade of kaolin with h…
Clean cement startup Brimstone can make another key material: alumina 2025-02-07
Feb. 5, 2025 - The U.S. imports lots of alumina, which is a key component of aluminum. Brimstone says it can produce the ingredient domestically using cleaner methods. Since launching in 2019, the U.S. startup Brimstone has positioned itself as a pioneering producer of low-carbon cement. The company’s technology can make the essential material without using any limestone — the ca…
ArcelorMittal to move forward with construction of a new, world-class elect… 2025-02-07
Feb. 6, 2025 - ArcelorMittal announced that it is proceeding with plans to build an advanced, non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The new facility, wholly owned by ArcelorMittal, will be capable of producing up to 150,000 metric tons of NOES annually, depending on the product mix, in support of automotive and mobility, renewabl…
Ma’aden to acquire Alcoa’s 25.1% stake in Ma’aden bauxite and aluminium com… 2025-02-07
Feb. 6, 2025 - Here's an update about the share purchase and subscription agreement signed between Alcoa and Ma'aden on September 15, 2024. On February 4, 2025, the General Authority of Competition (GAC) approved Ma'aden to acquire Alcoa's 25.1 per cent ownership in Ma'aden Aluminium Company (MAC) and Ma'aden Bauxite and Alumina Company (MBAC). According to a previously published r…
ArcelorMittal expects higher steel demand in 2025 2025-02-07
Feb. 6, 2025 - Steel giant ArcelorMittal anticipates a recovery in steel demand this year after a challenging 2024, mainly due to disruptions from the Chinese steel industry. China, which produces more than half of the world’s steel, has been grappling with weak domestic demand caused by struggles in its construction sector. As a result, Chinese producers have flooded foreign markets, incl…
Nilachal Refractories Reports Stable Q4 Results Amid Positive Operating Pro… 2025-02-06
Feb. 6, 2025 - Nilachal Refractories has recently reported its financial results for the quarter ending December 2024, with the announcement made on February 6, 2025. The company, operating within the refractories industry, has shown a stable financial performance during this period. Notably, the evaluation changes indicate a revision in its score, reflecting a shift from 0 to 1 over the last …
POSCO reduced steel production by 1.1% YoY in 2024 2025-02-06
Feb. 6, 2025 - South Korean steel company POSCO reduced steel production by 1.1% yoy to 33.17 million tons in 2024, according to a report, the sales of rolled products in the period decreased by 1% YoY to 32.8 million tons. The decline in production and sales was due to the reconstruction of blast furnaces. However, sales of high value-added products increased despite weak global demand. …
Canyon Resources Ltd gets Cameroon's approval on rail project location for … 2025-02-06
Feb. 5, 2025 - Australian mining firm Canyon Resources Limited has secured government approval for its Inland Rail Facility (IRF), designed to streamline the movement of goods and bauxite ore for the Minim Martap Bauxite Project in Cameroon. Cameroon has also granted an extra 105 hectares of land to accommodate future expansions of the IRF. Jean Sebastien Boutet, CEO of Canyon Resources, s…
Northern Graphite announces senior management changes 2025-02-05
Feb. 3, 2025 - Northern Graphite Corp. has announced a strategic reorganization of its upper management team to enhance operational efficiencies and better align sales strategy with growing demand for graphite in the battery sector. Effective immediately, the company said oversight of all operations, including the company’s Lac des Iles graphite mine will be consolidated under Maximillian…
JSW Steel’s Dolvi expansion: strengthening market position with capacity & … 2025-02-05
Feb. 5, 2025 - JSW Steel, one of India’s leading steelmakers, has announced a major expansion project at its Dolvi plant, reinforcing its commitment to capacity enhancement and technological advancement. The company has ordered a 350-ton BOF (Basic Oxygen Furnace) converter, a twin ladle furnace, a gas cleaning plant, and corresponding automation systems from Germany-based SMS Group. Thi…
Calderys updates its major greenfield refractory & steel casting plant in I… 2025-02-05
Feb. 4, 2025 - Calderys is proud to share an update on its project in Odisha, India, known as CAPES (Calderys Plant in East & South India). Being progressed well, this strategic investment reflects Calderys' unwavering commitment to innovation, excellence, and sustainability while addressing the evolving needs of the Indian refractory market, particularly in the eastern and southern r…
Valley Magnesite company reports standalone net loss of Rs 0.08 crore in th… 2025-02-04
Feb. 4, 2025 - Valley Magnesite Company reports the financial results in the December 2024 quarter. Net loss of Valley Magnesite Company reported to Rs 0.08 crore in the quarter ended December 2024 as against net profit of Rs 0.77 crore during the previous quarter ended December 2023. There were no Sales reported in the quarter ended December 2024 and during the previo…
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