GE Transportation Helps Mine Efficiency Through Wheel Modernizations
GE Transportation’s Mining division announced the successful upgrade of more than 40 haul trucks since July for various mines to lower life cycle costs and improve availability and productivity of assets during the current economic downturn. The trucks have been outfitted with GE’s GDY106 AC electric drive wheel motor as GE was awarded several contracts to supply the aftermarket wheel motors to...
Neo Material Technologies Enters Cooperative Agreement With Minmetal Rare Earth (Ganzhou) Company
Neo Material Technologies Inc. announced that the Company’s 90% owned Chinese joint venture Jiangyin Jia Hua Advanced Material Resources Co., Ltd (“JAMR”) has entered into an agreement to provide distribution, management and various technical services to Minmetal Rare Earth (Ganzhou) Co., Ltd (“MREG”). MREG is a newly formed company led by China Minmetals Corporation (“Minmetals”)...
VIPR Industries Signs Termsheet for Acquisition of Revenue Producing Zereko Inc. and Its IVAC Industrial Unit. Client List Includes General Motors and Inco Among Others
VIPR Industries Inc. announces that it has executed a term-sheet for the acquisition of revenue producing Vancouver B.C. based Zereko Inc. and its highly touted proprietary IVAC Industrial unit. Some of Zereko’s current clients include notable companies such as General Motors, Inco, and Falconbridge among several others. VIPR Industries has been in the process of reviewing several potential companies...
Energy Conversion in Solar Deal with GM
Energy Conversion Devices Inc. will supply solar cell laminates to General Motors Corp. for the world’s largest rooftop power generation system. Financial terms of the deal were not disclosed. The company’s UNI-Solar thin-film flexible solar laminates will be installed this fall at a 2 million-square foot car plant in Figueruelas, Zaragoza, Spain. The rooftop system will have about 85,000...
Ford significantly boosts 6-speed transmission output
Ford Motor Co. said it will double the number of six-speed automatic transmissions produced by the end of the year, and expects to install the more fuel-efficient gearboxes in 98 percent of its North American vehicles by 2012. The transmissions, which will debut in 2009-model Ford Escape and Mercury Mariner crossover vehicles, offer 4 percent to 6 percent better fuel economy than four- and five-speed...
Steelmaker boosts prices, cites energy, iron ore costs
A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said. Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 a ton this month, according to the Steel Index, a London-based research...
U Mining Resources Inc. Announces More Details on Mining Concession & Infrastructure Redevelopment Agreement in Guine
U Mining Resources Inc. (Other OTC:UMNG.PK – News) today provided updates on the impending agreement in the Republic of Guinea. Comitrag S.A., the majority-owned subsidiary of U Mining, has been preparing the necessary additional documentation to satisfy the requirements of the Company’s official application for the BOOT Agreement. When U Mining and Comitrag met with Guinea’s Prime...
Raser’s Geological Report in Utah Identifies Three Drilling Targets
Raser Technologies, Inc. announced that an independent geological study has identified three target drilling areas located on portions of Raser’s leased properties in Southern Utah. The geologists judge the sites to be suitable for developing geothermal power plants for the production of clean, renewable electric power. The identified sites are believed by the geologists to hold sufficient...
Raser’s Geological Report in Utah Identifies Three Drilling Targets
Raser Technologies, Inc. announced that an independent geological study has identified three target drilling areas located on portions of Raser’s leased properties in Southern Utah. The geologists judge the sites to be suitable for developing geothermal power plants for the production of clean, renewable electric power. The identified sites are believed by the geologists to hold sufficient...
India’s Essar to Buy Minnesota Steel to Add Iron Ore
Essar Global Ltd., the owner of India’s third-biggest steelmaker, agreed to buy Minnesota Steel Industries LLC for an undisclosed price to add 1.4 billion tons of iron-ore reserves and a steel mill in North America. Essar will invest about $1.65 billion to build the 2.5 million-ton-a-year mill in northern Minnesota, John Elmore, closely held Minnesota Steel’s chief executive officer, said...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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