Great Western Minerals Group Ltd. announce that its US-based, wholly-owned subsidiary, Great Western Technologies Inc, (“GWTI”) of Troy Michigan, has been awarded a US $110,000 Defense Advanced Research Projects Agency (DARPA) contract to develop a set of aluminum-based high strength alloys. These alloys are a new class of materials that exploit the complex metal compounds that can be formed...
PMC Biogenix announced that, as a result of continuing cost pressures related to escalating raw material costs, effective August 1, 2009 or as contracts permit, prices for PMC Biogenix’s metallic stearates products will increase $0.10/lb. Customers with questions should contact their account representative or the PMC Biogenix customer service group. PMC Biogenix produces aluminum, calcium, lithium,...
Chinalco and Alcoa jointly announced today that the two companies intend to explore opportunities to expand their commercial relationship by identifying strategic ventures that will benefit from the companies’ complementary strengths in bauxite, alumina, aluminum and fabricated products. “Alcoa is a respected leader in our industry and a valuable friend. We intend to grow our friendship and...
Cantex Mine Development Corp. announce that Vale International SA, a wholly-owned subsidiary of Companhia Vale do Rio Doce, has signed a letter agreement for the Company’s Suwar, Wadi Qutabah nickel, copper, cobalt and platinum group element projects in Yemen. Vale’s minimum exploration commitment under the agreement is US $2 million to be spent prior to August 31, 2009. Vale has the right...
International Beryllium Corporation announce that Mr. Denis Brady has been appointed as a non-executive director of International Beryllium Corporation. Mr. Brady brings manufacturing operating experience to the board as the Company expands its production capacity and, as someone with recognized financial expertise, will chair the audit committee. Until its recent acquisition by IB, Mr. Brady was the...
Alcoa said today it expects its joint shareholding in Rio Tinto to be transferred promptly and smoothly from a custodial account with Lehman Brothers International Europe in London to a custodial account with another nominee unaffiliated with Lehman Brothers. Alcoa said it is working closely with administrators of Lehman Brothers International Europe and with Chinalco, its close and long-term business...
South American Silver Corp., reported that tests at SGS Lakefield, Ontario have successfully recovered 99.2% of the indium from the acid chloride leach solution into an aluminous cement. The Company believes that this would be a saleable indium product. Ralph Fitch, President of the Company stated “This is an important result for the project as it demonstrates very high recoveries of indium,...
Platinum Equity announced it has signed a definitive agreement to purchase SCM Metal Products, Inc. from Gibraltar Industries, Inc. for an undisclosed amount. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries. “This is a very exciting time for all of us at SCM,” said Barton White, President of SCM....
Alcoa announced that it has been named to the Carbon Disclosure Project (CDP) Carbon Disclosure Leadership Index for the sixth consecutive year. This index, a key component of CDP’s annual Global 500 Report, highlights companies within the FTSE Global 500 Index that have displayed the most proficient approach to corporate governance in regards to climate change disclosure practices. The CDP represents...
Kaiser Aluminum announced that the applicable energy surcharge for October shipments of fabricated products will be: 6xxx alloys: $0.019 per pound All other alloys: $0.029 per pound This is a reduction from the September surcharge of $0.040 per pound for 6xxx alloys and $0.056 for all other alloys. The reduction in the surcharge was driven by lower natural gas and diesel prices. The surcharges...