Gov. Mark Sanford and Thomas Sax, CEO of American Titanium Works (ATW), announced that ATW will build a world-class titanium mini-mill facility in Laurens County, South Carolina. American Titanium Works LLC, headquartered in Chicago, Illinois, will invest an estimated $422 million and plans to employ 320 people at its new facility in Laurens County.
Under one [...]

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, [...]

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 [...]

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, [...]

Defying the area’s economic downturn, Kolene Corporation reported today it received more than $1.5 million in new equipment orders from aerospace companies. The orders include:
– Two automated systems for removing molybdenum disulfide lubricants from titanium fasteners used in military and commercial aircraft and other critical high performance applications. One system will be installed at Air [...]

Alcoa announced that it has taken top honors in Social Responsibility, Innovation and Quality, and Corporate Governance in the Steel and Metallurgy category in the annual ranking of the 500 best companies published by Dinheiro, Brazil’s leading business magazine. Alcoa ranked second in the industry’s overall ranking.
The ranking reflects notable business growth in Brazil. The [...]

TITANIUM 2008 is the 24th annual conference and exhibition hosted and organized by Colorado based International Titanium Association (ITA). The conference will be held at Caesars Palace in Las Vegas, Nevada, US, September 21-24th.
The mission for TITANIUM 2008 will be to provide global insights on the state of the titanium industry from a world perspective. [...]

Allegheny Technologies Incorporated expects second quarter 2008 earnings to be in the range of $1.65 to $1.67 per share, including a $0.11 per share one-time net tax benefit. ATI had previously said that it expected second quarter earnings to be somewhat higher than the $1.40 per share achieved in the first quarter 2008.
“ATI is benefiting [...]

Oceaneering International, Inc. announced it has recently been awarded a contract by Shell for the fabrication and installation of subsea hardware on Shell’s ultra-deepwater Perdido Regional Development project in the U.S. Gulf of Mexico (GOM).
Engineering and fabrication of the hardware to be provided under the contract has commenced. This hardware includes 29 flowline and well [...]

Great Western Minerals Group Ltd. is pleased to announce that it has signed a non-binding Letter of Intent to acquire all of the issued and outstanding shares of Less Common Metals Ltd. (”LCM”) of Birkenhead, United Kingdom, subject to the required regulatory approvals in the UK and Canada. The purchase price of this acquisition is [...]