Mining News: ALUMINUM
By GlobeNewswire via MSN Money,
February 23, 2010 at 10:26 PM -
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FOOTHILL RANCH, Calif., Feb. 23, 2010 (GLOBE NEWSWIRE) -- Kaiser Aluminum Corporation (Nasdaq:KALU) today reported net income of $24 million and earnings per diluted share of $1.19 for the fourth quarter ended December 31, 2009. Excluding the positive
By Poten & Partners,
February 23, 2010 at 10:18 PM -
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Fabricated Products Full Year Adjusted Operating Income of $91 Million Improved Manufacturing Efficiencies and Underlying Cost Performance Strong Operating Cash Flow and Increased Liquidity Continued Investment for Future Growth and Competitive Strength
By Interactive Investor,
February 23, 2010 at 10:12 PM -
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The pricing, performance and/or news information provided above is only for your personal information and use and is not intended to address your particular requirements or to be relied upon in making (or refraining from making) any specific investment
By Interactive Investor,
February 23, 2010 at 10:12 PM -
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NEW YORK, Feb 23 (Reuters) - Century Aluminum Co posted a narrower fourth-quarter loss on Tuesday, but missed Wall Street estimates of a small profit, and its stock fell 6.3 percent in after-hours trading. The net loss was $24.4 million, or 28 cents per
By Research & Development,
February 23, 2010 at 8:54 AM -
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VHE of Iceland - offers a Pin Dipping and Drying System using induction heating technology to heat the anode pins before graphite dipping. The residual heat in the pins quickly evaporates water from the pin surface, resulting in a fully dried graphite
By EconomicTimes,
February 23, 2010 at 7:48 AM -
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The Indian aluminium market is growing at a rapid pace and it is one metallic industry where India can emerge as a powerhouse within the next decade, said a spokesperson of Vedanta Aluminum Ltd, a leading producer of metallurgical grade alumina and other
By National Truck Equipment Association,
February 23, 2010 at 5:42 AM -
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DuraClass (Tishomingo, MS) recently introduced an aluminum dump body to its line of Class 5-8 truck bodies.Â
By Washington Post,
February 23, 2010 at 12:37 AM -
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NEW YORK -- Fitch Ratings said Monday it affirmed its investment-grade rating on some of aluminum producer Alcoa Inc.'s debt, but said its outlook on the company remains negative. Fitch affirmed Alcoa's issuer default rating, senior unsecured debt rating
By TradingMarkets,
February 22, 2010 at 10:54 PM -
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Aluminum maker Alcoa Inc. said today it would make 50,000 recycling bins available this year to organizations in communities in Tennessee and 15 other states. Pittsburgh-based Alcoa has a manufacturing operation in Blount County which produces aluminum
By MobileBurn,
February 22, 2010 at 7:56 PM -
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We've posted a few photos that show some of the steps in the making of the solid aluminum body of HTC's new Legend smartphone. Read the full story here.
By FOXBusiness.com,
February 22, 2010 at 7:31 PM -
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(BUSINESS WIRE) ----Alcoa (NYSE:AA) today announced that it will provide 50,000 recycling bins to organizations and communities throughout the U.S. as part of its 2010 Recycling Bin Program. "Alcoa and the Aluminum Association have a goal of increasing
By TheStreet.com,
February 22, 2010 at 2:41 PM -
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Alcoa(AA Quote), the third largest producer of aluminum in the world, may be among metal stocks best position to benefit from rebounding production and pricing for aluminum this year. More on AA Market Activity Alcoa Inc.| AA Alumina Limited| AWC
By Alunet International,
February 22, 2010 at 1:09 PM -
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The primary aluminium price managed to recover some of the lost ground the previous week at the LME, making small steps upwards. Monday's (15/02) session saw the light metal ending at $2,066/mt due to renewed buying interest by funds, pushing further up
By Web Newswire,
February 22, 2010 at 12:03 PM -
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India's Vedanta Aluminium Ltd. aims to raise 171 billion rupees ($3.68n billion) via a syndicated loan, a person familiar with the matter said Friday, in what bankers peg as one of the biggest loan syndication deals in the South Asian nation in a year.
By Electronic Components,
February 21, 2010 at 4:06 PM -
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Lead-based models continue to rule supply but companies are boosting R&D on chip and solid state variants despite their high technology threshold and outlay. China suppliers of aluminum electrolytic capacitors underscore basic and midrange models as
By Seeking Alpha,
February 21, 2010 at 11:28 AM -
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Kevin Barker submits: Last year I said Teck Resources (NYSE: TCK, TSX) would get a lot bigger or a lot smaller owing to the spectacular debt it was carrying. It did neither. Teck shed its non-core holdings alright, including its gold business, paying down $6.7 billion in debt. But the divestiture accounted for only 5% of its total assets. It did, however, clock record revenues for 2009: EBITDA was $4.1 billion Cdn for the year and $1 billion for the fourth quarter. So in that sense, it did indeed get bigger.Not a whole lot bigger, admittedly. But I think the best is yet to come, coming soon…But first let’s finish reviewing the year that was: The company snapped back to report positive net earnings of $411 million Cdn in the last quarter of '09 from a $607 million dollar loss the year before. And the B shares rose from $3.35 to $42.78 in the past 52 weeks, or better than 1,200 per cent. That’s quite a spread! I suppose from the investor’s point of view, last year Teck comprised the lowest of the low hanging fruit during the big sell off. But who knew the rally from the bottom would grow legs? You pays your money and you takes your chances…I guess it helps to be a diversified mining company in this market. Imagine if they were a pure coal producer in ‘09! Of course it’s easier to look profitable when you’re writing down all those one time asset sales. But I have more tangible reasons to believe in Teck going forward.For one, I’ve been smoking what one of my readers calls hopium – that’s the stubborn refusal to look reality in the face and just keep on wishin’ and hopin’. For another, I keep reading rosy forecasts for base metals prices like the one from Standard&Poor’s just last week…Commenting on what it called the ‘mining sub industry’ (predominately copper producers), S&P said both sales and earnings will rebound from ‘depressed conditions’ last year and that prices for aluminum, copper, zinc, iron ore, and coking coal (nickel is conspicuously absent in that list) will rise in 2010 due to increased demand and reduced inventories.I suppose that figures, after a year of asset sales and closures and mothballing of marginal and high cash cost mining operations. But is that forecast right up Teck’s alley or what? Selling their gold assets at a peak, or at least the top of a leg in the current bull market, may have made them less profitable last year. But they can always buy them back in the next downturn, and probably will.The picture gets a bit fuzzy beyond 2010, and I suppose the persistent worry is that China will float its currency and stop producing and stockpiling goods the world doesn’t need or can’t afford. But that’s next year. And Teck’s debt is still 0.32% of capital, well over the industry average of 0.20 per cent…On the plus side, the company doesn’t offer dividends on the common shares, which means we can hope for a split. I’ll take shares over cash in this market.Disclosure: no position »
By Taipei Times Online,
February 21, 2010 at 6:27 AM -
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Asian stocks fell for the third week in a month after the US Federal Reserve increased its discount rate for the first time in more than three years, and as companies reported declining earnings. Aluminum Corp of China Ltd (中國鋁業), China’s
By Grading & Excavation Contractor,
February 20, 2010 at 10:03 PM -
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Copy and Paste This Permanent Link:http://www.gradingandexcavation.com/the-latest/steco--dump-trailer.aspx You may also be interested in... Javascript must be enabled for search to work properly STECO announces the release of its new frameless aluminum
By Muscat Securities Market,
February 20, 2010 at 4:51 PM -
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regarding acquisition of an Aluminum production unit based in Sharjah, UAE from a related party, we are pleased to inform that the Board of Directors met to peruse the report of the independent consultant engaged to evaluate the machinery at the said
By International Mining,
February 20, 2010 at 6:54 AM -
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Metals prices have rebounded very strongly over the past two weeks after collapsing in late January/early February, Macquarie Commodities notes. Base metals prices were down almost 20% from their early January peak and have since almost fully recovered those losses. “The latest LME open interest and price data point to the falls in copper being [...]
By CommodityOnline,
February 20, 2010 at 3:29 AM -
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China s annualized aluminium production hits 16 Mt y. According to the International Aluminium Institute China produced 1.331 Mt of primary aluminium in December which when annualized suggests that China is on course to produce as much as 16 Mt in 2010.
By Zibb,
February 20, 2010 at 3:17 AM -
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Expected next earnings release: Announcement date: 4/22/2010 - Before Market Earnings Quarter: Q1 Announcement Status: Unconfirmed Expected next investor conference call information: Conference Call Date: 2/18/2010 Conference Call Time (ET): 11:00 AM
By Benzinga.com,
February 20, 2010 at 2:59 AM -
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Klaus Kleinfeld, CEO of Alcoa Inc. (NYSE: AA ), received $11.2 million in compensation in 2009 despite steep losses by the aluminum manufacturer. Kleinfeld received $1.4 million in 2009 salary and stock options valued at $5.8 million when they were
By American Machinist,
February 20, 2010 at 2:08 AM -
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The Metals Service Center Institute’s first report for 2010 found steel shipments from U.S. metals centers totaled 2.58 million tons, or 0.9% below January 2009 levels. As the latest month closed, U.S. centers held inventories of about 6.26 million
By BusinessWeek,
February 20, 2010 at 1:58 AM -
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Feb. 20 (Bloomberg) -- Asian stocks fell for the third week in a month after the U.S. Federal Reserve increased its discount rate for the first time in more than three years, and as companies reported declining earnings. Aluminum Corp. of China Ltd., the
By Houston Business Journal,
February 19, 2010 at 9:43 PM -
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A $370,000 grant from the foundation of aluminum company Alcoa is supporting research by faculty at Colorado School of Mines Division of Economics and Business into the impact of public policy on solid waste recycling in the U.S., the Golden school said
By Hindu Business Line,
February 19, 2010 at 7:00 PM -
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- Aluminium Our Bureau Mumbai, Feb. 19 The Maharashtra Industry Minister, Mr R. Darda, will inaugurate the second edition of Aluminium India expo to be organised in Mumbai on Thursday and Friday. One of the country's largest bi-annual aluminium expo will
By Automotive World,
February 19, 2010 at 1:53 PM -
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Fisker Automotive has outlined details of the advanced aluminium space frame that underpins the Fisker Karma, emphasising the high levels of rigidity and strength that it claims gives the premium plug... To continue reading sign up or take a free trial
By Parliament of Ghana,
February 19, 2010 at 9:49 AM -
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The Minister of Lands and Natural Resources, Hon. Collins Dauda told Parliament today that Government has granted access to four companies to the bauxite resource area at Nyinahin. These private companies are VIMETCO NV, Alara Resources, Aluminum Company
By Finance 24,
February 19, 2010 at 8:29 AM -
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Cape Town - Billiton Aluminium, which trades as Hillside Aluminium, has to pay out almost R2m to a worker who was unfairly dismissed almost nine years ago. This is the outcome of a unanimous judgment on Thursday by 11 judges of the Constitutional Court
By Your Industry News,
February 19, 2010 at 8:21 AM -
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Aluminum Corp. is pleased to report results from the Gaoual permit on its Koumbia Bauxite Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa. Fifty-seven aircore drill holes completed on the Kousidji plateau all intersected
By Reuters UK,
February 19, 2010 at 4:41 AM -
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SINGAPORE, Feb 19 (Reuters) - Goldman Sachs (GS.N The official didn't say how much the deal was worth. Metro runs a global network of London Metal Exchange approved warehouses for primary aluminium, aluminium alloy, copper, lead, nickel, plastic, steel,
By Steel Guru,
February 18, 2010 at 9:58 PM -
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Gulf News reported that Dubai Aluminium Company Limited will promote its latest technological achievements at the TMS Annual Meeting and Exhibition. To be held at the Washington State Convention Centre in Seattle, US, from today to February 19th 2010,
By Easier,
February 18, 2010 at 8:20 PM -
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The advanced aluminium space frame underpinning the Fisker Karma incorporates new levels of rigidity and strength that will give the world's first premium plug-in hybrid electric vehicle world-class ride and handling characteristics. It will debut during
By Marketwire via Yahoo!,
February 18, 2010 at 8:13 PM -
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'This customer commitment reflects the growing demand for silicon metal products from our traditional chemical, aluminium and polysilicon industry customers,' said Mr. René Boisvert, President and CEO of Bécancour. 'We are currently producing silicon
By Modern Distribution Management,
February 18, 2010 at 7:01 PM -
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CEO: Fourth quarter demand and pricing at 'better levels than expected.'
By Commodities Now,
February 18, 2010 at 12:30 AM -
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Hyatt Regency Coral Gables, Florida 11 March 2010 - 12 March 2010 The Drake Hotel, Chicago, USA 06 April 2010 - 08 April 2010 Grand Hyatt, Santiago
By Sharenet,
February 17, 2010 at 8:21 PM -
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* Canceled warrants help boost copper, aluminum * Dollar impact on copper muted * Aluminum financing deals still in the frame (Recasts with New York closing copper price, updates with New York dateline/byline, adds economist comments) NEW YORK/LONDON,
By Keep Media,
February 17, 2010 at 8:14 PM -
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With 550 horsepower and 510 ft.-lb. of torque, Ford's Special Vehicle Team (SVT) delivers the new Shelby GT500® with a 10 horsepower increase; an all-new 5.4-liter all-aluminum engine is 102 pounds lighter than the previous cast-iron engine and uses
By Fleet Owner,
February 17, 2010 at 5:43 PM -
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Stecohas released the next model of its Hauf dump trailer, a frameless aluminum version ideal for sand- and-gravel operations. The trailer, which is customizable, is available in either 24- or 40-ft. lengths. Customization options include the length,
By EMAILWIRE.com,
February 17, 2010 at 4:43 PM -
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) Dallas, Tx - Century Aluminum Company (NASDAQ:CENX) gains 0.60% to $13.44. The stock hit an intraday high and an intraday low of $13.70 and $13.41 respectively. In the last six months the stock went up over 25%. Century Aluminum Company is a holding
By Reuters,
February 17, 2010 at 4:43 PM -
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* Cancelled warrants help boost copper, aluminium * Market watches dollar moves * Aluminium financing deals still in the frame LONDON, Feb 17 (Reuters) - Copper rose to a three-week high on Wednesday, as the demand outlook brightened following upbeat
By Sharenet,
February 17, 2010 at 3:37 PM -
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* Cancelled warrants help boost copper, aluminium * Market watches dollar moves * Aluminium financing deals still in the frame (Recasts, adds detail/comment) LONDON, Feb 17 (Reuters) - Copper rose to a three-week high on Wednesday, as the demand outlook
By MotorAuthority,
February 17, 2010 at 3:19 PM -
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Originally slated to go on sale last November, the all-new Fisker Karma plug-in hybrid luxury sedan will now go on sale in the third quarter of this year and in the lead up to its launch we will get our innermost look at the car yet. At next month’s
By Poten & Partners,
February 17, 2010 at 2:03 PM -
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OSLO, Norway _ Norwegian aluminum producer Norsk Hydro ASA said Wednesday its fourth quarter net loss narrowed to 587 million kroner ($100 million) due to a rise in demand and higher aluminum prices. That compared with a loss of 5.85 billion kroner a
By BBC,
February 17, 2010 at 1:49 PM -
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Turbine factory plan for former Anglesey Aluminium site Plans have emerged to turn the former Anglesey Aluminium site into a wind turbine factory. Smelting operations at the Holyhead metal plant, which was the largest employer in north Wales, ended in
By Reuters UK,
February 17, 2010 at 12:28 PM -
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* Aluminium stocks within reach of record highs * HIgh copper stocks worry Chilean mining minister LONDON, Feb 17 (Reuters) - Copper rose to a three-week high on Wednesday as upbeat economic data in the United states and Asia, and rising amounts of
By Merger Market,
February 17, 2010 at 12:26 PM -
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Debtwire and O'Melveny & Myers LLP look forward to welcoming you to the first in our Singapore distressed debt discussion series taking place in the wake of the credit crisis. Speakers include: Mark Fairbairn, Partner, O'Melveny & Myers Bertie Mehigan,
By Recycling Today,
February 17, 2010 at 1:17 AM -
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Company will spend $7.6 million at Beauharnois, Quebec, facility. Rio Tinto Alcan announced plans to invest $7.6 million in its Beauharnois, Quebec facility to maintain casting production that serves its primary foundry market customers. Construction
By Khaleej Times,
February 16, 2010 at 6:34 PM -
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Aluminium touched $2,134 a tonne, the highest since Feb. 3 and nickel hit a six-month high of $20,335 a tonne. : Benchmark copper closed at $7,144 a tonne compared with $6,870 at the close on Monday. Earlier on Tuesday the metal used in power and
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