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... 

Tag: volga resources sicav sif s a, volga novatek, cartagena volga, timtchenko volga resources, volga cartagena

Acergy S.A. Announces Extraordinary General Meeting

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

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... 

Tag: arcelor mittal acquisition of koppers monessan coke plant, arcelormittal monesson, arcelor mittal merger news, monesson coke plant, us coke plants

ArcelorMittal Announces Acquisition of Concept Group

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... 

Tag: arcelor acquires concept mining, arcelor mittal acquisition, arcelormittal raw materials, arcelormittal bought concept, arcelormittal signs agreement to acquire mid vol coal group

ArcelorMittal Acquires Outstanding Shares in Rolanfer Recyclage S.A.

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,... 

Tag: rolanfer recyclage, arcelormittal acquires, arcelormittal france location, rolanfer, rolanfer recyclage port de thionville illange

ArcelorMittal Acquires Astralloy

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... 

Tag: acquisition of astralloy, arcelormittal top, astralloy, arcelormittal astralloy

ArcelorMittal Increases Shareholding in Macarthur Coal to 19.9%

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... 

Tag: arcelormittal oil and gas in netherlands, arcelormittal i arcelormittal top, arcelormittal macarthur

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

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... 

Tag: list of steel company in jharkhand, list of mines in jharkhand, jharkhand steel industries list, list of jharkhand steel industries, list of zarkhand steel industries

ArcelorMittal Announces Acquisition of Canadian Metals Recycler Bakermet

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

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... 

Tag: stores of choron diamonds in russia, top 10 gold consuming countries, list of gold consuming countries, top zinc consuming country, common marketing expressions