Volga Resources Raises Stake in Novatek to 18.2%

May 27, 2009 Filed Under: Mining Investment, Mining Stocks, Oil and Gas  
Volga Resources Raises Stake in Novatek to 18.2%

Volga Resources SICAV-SIF S.A, the Luxembourg-based investment fund, announces that it has agreed to purchase 13.13% of the issued share capital of OAO Novatek from Cartagena Development Inc. which is indirectly controlled by Novatek’s management. This transaction will take Volga’s total holding in Novatek to 18.2%. The founder and largest shareholder of Volga, Guennadi Timtchenko was... 

Acergy S.A. Announces Extraordinary General Meeting

November 17, 2008 Filed Under: Oil and Gas  

Acergy S.A. announced that its Extraordinary General Meeting (EGM) of shareholders will be held on Thursday, December 18, 2008 at 11:00 a.m. local time at the offices of Services Généraux de Gestion S.A., 412F, route d’Esch, L-2086 Luxembourg. All shareholders of record as of November 19, 2008 will be entitled to vote at the meeting. The purpose of the Meeting is to consider and approve recommendations... 

ArcelorMittal Announces Acquisition of Koppers’ Monessen Coke Plant

August 4, 2008 Filed Under: Iron Ore Mining, Mining Contractors  

ArcelorMittal, the world’s leading steel company, today announces that it has signed an agreement to acquire the Koppers’ Monessen Coke Plant from Koppers Inc. for $US 160 million. Koppers’ Monessen Coke Plant, located in Monessen, Pennsylvania produced 320,000 metric tons of metallurgical coke in 2007. The transaction is subject to receipt of relevant regulatory approvals. Commenting, Sudhir... 

ArcelorMittal Announces Acquisition of Concept Group

July 21, 2008 Filed Under: Coal Mining, Iron Ore Mining, Lead Mining  

ArcelorMittal, the world’s largest integrated metals and mining company, today announces that it has signed an agreement to acquire the Concept Group (“Concept”). Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 million tons of metallurgical coking coal in 2007 and has control over recoverable... 

ArcelorMittal Acquires Outstanding Shares in Rolanfer Recyclage S.A.

July 16, 2008 Filed Under: Lead Mining, Mining Stocks  

ArcelorMittal announces is has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. (“Rolanfer”) which now gives it 100% control over the company. Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap metal products including incinerated scrap,... 

ArcelorMittal Acquires Astralloy

July 1, 2008 Filed Under: Lead Mining, Mining Services  

ArcelorMittal, the world largest integrated metals and mining company, has acquired Astralloy Steel Products Inc. (“Astralloy”) a subsidiary of IMS International Metal Service. Astralloy operates three warehouses and employs 60 people in North America. Its 2007 revenues were USD 34 million. About ArcelorMittal ArcelorMittal is the world’s largest integrated metals and mining company, with... 

ArcelorMittal Increases Shareholding in Macarthur Coal to 19.9%

June 30, 2008 Filed Under: Coal Mining, Lead Mining  

ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC – News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings. The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. The purchase is subject to Foreign Investment Review... 

ArcelorMittal Welcomes Allocation of Karampada Iron Ore Resource for Its Jharkhand Steel Plant

June 11, 2008 Filed Under: Iron Ore Mining, Lead Mining  

ArcelorMittal welcomes the allocation of a mining lease in respect of the Karampada iron ore deposit to the Company by the Governments of India and Jharkhand for its integrated steel plant to be based in Jharkhand. The Karampada iron ore deposit is located in West Singhbhum district of Jharkhand with estimated reserves of 65 million tons of iron ore. The allocation has proceeded in accordance with... 

ArcelorMittal Announces Acquisition of Canadian Metals Recycler Bakermet

June 9, 2008 Filed Under: Mining Services  

ArcelorMittal, the world’s largest and most global steel company, today announced that it has signed an agreement to acquire Bakermet, a market leader in the scrap metal recycling industry in Eastern Ontario, Canada. Bakermet, which specializes in all types of ferrous and non-ferrous metal, processed approximately 130,000 short tons of ferrous and 40 million pounds of non-ferrous metals in 2007.... 

World Gold Council and Choron Bring Gold Expressions to Russia

May 22, 2008 Filed Under: Diamond Mining, Lead Mining, Lithium Mining, Precious Metal  

World Gold Council (WGC), the organisation formed and funded by the world’s leading gold producers, has today announced that it has partnered with a leading Russian jewellery manufacturer, Choron, to bring the Gold Expressions jewellery collection to Russia for the very first time. Choron will present Gold Expressions at the New Russian Style Fair 2008 in Gostiny Dvor, Moscow, from the 22-25...