Joy Global Inc. Announces Completion of Wuxi Shengda Acquisition

Joy Global Inc., a worldwide leader in high-productivity mining solutions, announced that its wholly-owned China Mining Machinery subsidiary has completed the acquisition of 100% of the outstanding shares of Wuxi Shengda, a Chinese manufacturer of longwall shearing machines, for $22.0 million excluding closing costs. Wuxi Shengda provides the Company with a foothold in the China market for domestic... 

International Beryllium Corporation Closes Acquisition of Nonferrous Products, Inc.

International Beryllium Corporation announce that it has successfully closed, through its subsidiary IBC US Holdings, Inc., the acquisition of Nonferrous Products, Inc.,, a profitable and growing Indiana based beryllium metalworking and specialty alloy processing company. This transaction is further to the Company’s news release dated October 1st, 2008, which announced the signing of a binding... 

Norsemont Mining Announces Major New Discovery at Constancia Project in Peru

Norsemont Mining Inc. announced that the Company has made a major new discovery at the Company’s 100-percent controlled Constancia copper-molybdenum-silver project in south-eastern Peru. The Pampacancha anomaly has been discovered approximately 2.7 kilometres south-east of the Constancia – San Jose deposit and lies within an area over which the Company controls 100 percent of the mineral... 

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Joy Global Inc. Expands Stock Buyback Program to $2 Billion

Joy Global Inc., a worldwide leader in high-productivity mining solutions, today announced that during its regularly scheduled quarterly meeting on September, 9, 2008, the Company’s Board of Directors authorized an increase and extension of its share repurchase program. The Board’s action increases the authorization from $1 billion to $2 billion and extends the expiration for completing... 

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Joy Global Inc. Announces the Acquisition of Wuxi Shengda

Joy Global Inc., a worldwide leader in high-productivity mining solutions, announced that China Mining Machinery, the Company’s wholly-owned subsidiary, has entered into a definitive agreement to acquire 100% of the outstanding shares of Wuxi Shengda, a Chinese manufacturer of longwall shearing machines, for $22.0 million, excluding closing costs. Wuxi Shengda primarily serves the markets for... 

Development Forecast Report for Mining and Mineral Extraction Machinery in Russia 2008-2011

Research and Markets has announced the addition of the “Mining and Mineral Extraction Machinery in Russia 2008. Development Forecasts for 2008-2011″ report to their offering. This Mining and mineral extraction machinery in Russia 2008 describes and analyses the Russian market for machinery used in the mining, extraction, processing of and exploration for minerals, metals, coal, oil, gas... 

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Exploration Program Confirms Multi-Kilometric Magnetite-rich Taconite Iron Formation on Champion Minerals’ Attikamagen Iron Property

CHAMPION MINERALS INC. provide an update on the recently initiated field exploration program at the Company’s wholly-owned Attikamagen Iron Property, in western Labrador, 15km east of the town of Schefferville, Quebec. Labec Century Iron Ore Corporation (“CIOC”) is currently financing the Phase 1 exploration and development program on the Property pursuant to an option agreement with... 

Zenergy Power Completes Successful Operation of World’s First Commercial High-Temperature Superconductive (HTS) Induction Heater

Zenergy Power Inc., developer of commercial products based on high temperature superconductor (HTS) technology, announced the successful installation and implementation of the world’s first commercial full scale HTS induction heater for Weseralu GmbH & Co. KG (Weseralu), an aluminum profile extrusion company, at its manufacturing facility in Minden, Germany. The HTS induction heater is based... 

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Mining equipment maker Joy Global shares surge to year high

Investors on Friday rewarded Joy Global Inc., which makes mining equipment, for a fiscal second-quarter profit that easily topped Wall Street expectations. The stock peaked at a new year high. Net income for the three months ended May 2 fell to $72.1 million, or 66 cents per share, from $77.6 million, or 70 cents per share, in the year-earlier period. But excluding one-time charges of 13 cents per... 

Alcoa Sends Letter to Alcan Board Outlining Commitments to Quebec; Will Meet Requirements of Agreement between Alcan and Quebec Government

Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in which its offer to acquire... 

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