Category Archives: Metals and Minerals

Metals and Minerals Press Releases & News distributed via EuropaWire

ArcelorMittal extends conversion date for $1bn mandatory convertible bond

Luxembourg, 29-1-2013 — /europawire.eu/ — ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is … Read the full press release

ArcelorMittal prices Combined Offering of common stock and mandatorily convertible subordinated notes (“MCNs”)

Luxembourg, 21-1-2013 — /europawire.eu/ — ArcelorMittal (the “Company”) announces the pricing of its combined offering of ordinary shares and mandatorily convertible subordinated notes (“MCNs”) announced earlier today (the “Combined Offering”). The total aggregate proceeds from the Combined Offering are approximately USD … Read the full press release

ArcelorMittal announces proposed Combined Offering of common stock and mandatorily convertible subordinated notes (“MCNs”) for an expected amount of USD 3.5 billion

Luxembourg, 18-1-2013 — /europawire.eu/ — ArcelorMittal (the “Company”) announces today its intention to offer common stock (“the Shares”) and mandatorily convertible subordinated notes (the “MCNs”) for an expected amount of approximately USD 3.5 billion (“the Combined Offering”). The Company retains the … Read the full press release

ArcelorMittal agrees to sell a 15% interest in ArcelorMittal Mines Canada for $1.1bln to a Consortium led by POSCO and China Steel Corporation

Luxembourg, 17-1-2013 — /europawire.eu/ — ArcelorMittal announces today that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a … Read the full press release

FLSmidth secures EIB funding for R&D investments

FLSmidth has signed an EUR 125m loan agreement with the European Investment Bank (EIB).  16-1-2013 — /europawire.eu/ — The 5-year-bullet loan will finance FLSmidth’s global research and development programme within the cement industry during the period 2013-2016. The R&D programme will … Read the full press release

FLSmidth divests non-core Ludowici activities

16-1-2013 — /europawire.eu/ — In order to maintain a strong focus on our six focus industries and business areas FLSmidth has today divested non-core activities, gained through the recent acquisition of the Australian company Ludowici (see Company Announcement No. 29-2012). The … Read the full press release

VITOL GROUP SIGNS MEMORANDUM OF UNDERSTANDING WITH COAL OF AFRICA

16-1-2013 — /europawire.eu/ — The Vitol Group of Companies (“Vitol”). is pleased to announce the signing of a binding Memorandum of Understanding (“the MOU”) with Coal of Africa Limited (“the Company” or “CoAL”) Under the terms of the MOU, which the … Read the full press release

FLSmidth wins large coal project in Mozambique

Company Announcement to the Danish Financial Supervisory Authority No. 01-2013, 11 January 2013 15-1-2013 — /europawire.eu/ — FLSmidth has won a contract worth approximately USD 112m (DKK 658m) from Vale, its long-term Brazilian customer, to supply Material Handling and Mineral Processing equipment … Read the full press release

Denmark: EIB supports R&D activities of FLSmidth with EUR 125m loan

15-1-2013 — /europawire.eu/ — The European Investment Bank (EIB) has granted a loan of EUR 125m for the global research, development and innovation programme of Danish engineering company FLSmidth. The financing is dedicated to supporting R&D activities for the cement and … Read the full press release

Boliden Odda resumes full operation

Production has resumed at the Odda zinc smelter after operations were temporarily suspended last autumn. 15-1-2013 — /europawire.eu/ — In October, one of the direct leaching tanks suffered a serious technical failure and was immediately shut down. The three remaining tanks … Read the full press release

Outokumpu supplements its listing particulars

15-1-2013 — /europawire.eu/ — Outokumpu revises the listing particulars dated December 28, 2012 relating to the listing of 621 042 572 new shares on the official list of NASDAQ OMX Helsinki Ltd with the following information relating to Outokumpu’s capitalization and indebtedness. … Read the full press release

Klöckner & Co sells Eastern European operations as part of its restructuring program

Duisburg, 2-1-2013 — /europawire.eu/ — As announced, Klöckner & Co is selling its entire Eastern European operations as part of its restructuring program. In the first phase of the transaction, activities in the Czech Republic, Bulgaria and Romania, which make up … Read the full press release

200 mln zł na badania i rozwój w przemyśle metali nieżelaznych

26-12-2012 — /europawire.eu/ — 200 mln złotych zostanie przeznaczone na badania nad opracowaniem i wdrożeniem innowacyjnych technologii w szeroko rozumianej branży metali nieżelaznych. Porozumienie w tej sprawie, pod auspicjami Minister Nauki i Szkolnictwa Wyższego prof. Barbary Kudryckiej, podpisali przedstawiciele Narodowego Centrum … Read the full press release

Antitrust: Commission renders legally binding commitments from Rio Tinto Alcan

Brussels, 22-12-2012 — /europawire.eu/ — The European Commission has adopted a decision that renders legally binding the commitments offered by Rio Tinto Alcan to address concerns raised by the Commission about competition on markets for aluminium smelting equipment. The Commission was concerned … Read the full press release

Mergers: Commission clears acquisition of US titanium producer Timet by US component manufacturer PCC

Brussels, 21-12-2012 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the US titanium producer Timet by the US component manufacturer Precision Castparts Corporation (PCC). Timet produces titanium parts that PCC uses for manufacturing … Read the full press release

Bekaert wins EIPM Excellence award for Supplier Relationship Management

14-12-2012 — /europawire.eu/ — The European Institute of Purchasing Management (EIPM) has granted the 2012 EIPM Peter Kraljic Excellence Award for “Supplier Relationship Management” to Bekaert during the 2012 EIPM Purchasing Conference in Geneva, Switzerland. This award validates Bekaert’s excellence in … Read the full press release

voestalpine strengthens market position in North America

14-12-2012 — /europawire.eu/ — The listed voestalpine Group continues to further expand its market position in North America by undertaking an acquisition in its special steel segment. Böhler-Uddeholm Canada Ltd., a company of voestalpine’s Special Steel Division, acquires the Canadian company … Read the full press release

Help EU steel industry, Parliament urges Commission

13-12-2012 — /europawire.eu/ — The Commission should ensure that EU state aid rules take account of steel industry needs, keep an eye on threatened plants and deliver its promised action plan to help the sector as soon as possible, says Parliament … Read the full press release

Commission starts preparing steel action plan

Brussels, 10-12-2012 — /europawire.eu/ — Commissioner Antonio Tajani met today with representatives from the Steel Industry and the Social Partners in the second meeting of the High-level Roundtable on the future of the European Steel Industry. Stakeholders were invited to present and discuss specific policy recommendations … Read the full press release

AMAG constructs a logistics center in record time

– Logistics center of 11,000 tons storage capacity constructed in Ranshofen in just eight months – EUR 220 million “AMAG 2014” investment project is thus fully on schedule – AMAG’s investment program is one of the biggest projects in the … Read the full press release