Horsehead Corporation Announces Plans to Increase Zinc Production

Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp., today announced that it will boost operations at its zinc smelter in Monaca, PA, by re-starting a fifth zinc smelting furnace. Horsehead previously reduced its operations from six furnaces to four in response to the recent economic downturn. “A recent uptick in orders at a time when our own inventories... 

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Capital City Energy Group To Make Strategic Acquisition of Oilfield Service Company

Capital City Energy Group Inc. continues to expand in the domestic energy space with its strategic acquisition of Hotwell Services Inc., an emerging oilfield service company operating in the Appalachian Basin. The addition of Hotwell Services, Inc. to the Capital City Energy Group portfolio of operating subsidiaries will significantly contribute to the Company’s value proposition for clients, shareholders... 

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Horsehead Corporation Breaks Ground in South Carolina

Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp., announced it has broken ground at a site in Barnwell County, South Carolina, where it will build a zinc recycling facility. The announcement came at a ceremony celebrating the groundbreaking in Barnwell County. Horsehead is constructing a recycling facility to process electric arc furnace dust, a zinc-containing... 

Alcoa Board Elects Kurt Waldo Vice President and General Counsel

Alcoa announced today that the Alcoa Board of Directors has elected Kurt Waldo, 53, as Vice President and General Counsel, responsible for leading Alcoa’s global legal team. He had been Deputy General Counsel with responsibility for the antitrust, merger, acquisition and divestiture practice areas. Alcoa also announced that Jake Siewert, 44, has been named Vice President, Business Development and... 

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Alliance Resource Partners, L.P. Announces Approval of Tunnel Ridge Mine Opening

Alliance Resource Partners, L.P. announced that the board of directors of its managing general partner has approved the opening of a new mine for the immediate development of ARLP’s Tunnel Ridge reserves. The Tunnel Ridge reserve area encompasses approximately 9,400 acres of land located in Ohio County, West Virginia and Washington County, Pennsylvania and includes approximately 70.5 million tons... 

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Horsehead Corporation Announces Plans to Reduce Zinc Production

Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp., announced that it will reduce operations at its zinc smelter in Monaca, PA, by idling one of its six furnaces at the facility in an effort to improve profitability. “The steep decline in the price of zinc on the London Metal Exchange over the past year, combined with simultaneous increases in energy and... 

Esmark Incorporated Acquisition Completed

Esmark Incorporated announced the completion of its acquisition by OAO Severstal. The acquisition was completed pursuant to the merger of Severstal Wheeling Acquisition Corp., a wholly-owned subsidiary of Severstal, with and into Esmark. Esmark was the surviving corporation of the merger and is now an indirect, wholly-owned subsidiary of Severstal and has been renamed “Severstal Wheeling Holding... 

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Severstal Completes Acquisition of Esmark Incorporated

OAO Severstal, one of the world’s leading metals and mining companies, today announced that it has completed its acquisition of Esmark Incorporated, a manufacturer and distributor of flat rolled and other steel products. The acquisition was completed pursuant to the merger of Severstal Wheeling Acquisition Corp., a wholly-owned subsidiary of Severstal, with and into Esmark. Esmark, as the surviving... 

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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... 

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Consol Energy Inc; 2Q earnings fall 34 percent

Shares of Consol Energy Inc has recently been reported falling sharply Thursday after the coal mine operator said its second-quarter profit dipped 34 percent as productivity problems pushed up costs. Pittsburgh-based Consol said it earned $101 million, or 54 cents per share, in the quarter. Consol earned $153.1 million, or 83 cents per share, in the second quarter of 2007. Last year’s second...