Xstrata have announced a bid for the takeover of Australian-based MIM via a wholly owned subsidiary. MIM are a mining and minerals processing company producing copper, gold, zinc, lead, silver and coal, with operations i...
The planned magnesium plant for Malaysia by New World Alloys has been delayed.
The plan involved the purchase of Alcoa’s decommissioned magnesium plant at Washington, USA and subsequent relocation to Malaysia.
...
US Steel, through its wholly owned subsidiary US Steel Balkan have agreed to purchase bankrupt Sartid a.d. and six of its subsidiaries for $23 million.
The acquisition of the Serbian-based Sartid a.d. is scheduled for...
Century Aluminium have just completed the acquisition of the Hawesville, Kentucky, USA aluminium reduction plant from Glencore International AG. This consisted of the purchase of the remaining 20% share which they did no...
The planned merger between Mitsui Chemicals Inc and Sumitomo Chemical Co, (approved on December 16) has been abandoned.
In press releases issued by both companies, they stated that they had not reached an agreement re...
Following the completion of their acquisition of Hydro’s 50% share in their joint venture, VAW-IMCO, IMCO Recycling have announced their intention to grow their international operations.
IMCO will pay Hydro Alum...
Through their subsidiary Nucor Steel Kingman LLC, Nucor have acquired the assets of North Star Steel’s, Kingman, Arizona, USA plant. The purchase price for the assets was US$35 million.
The plant included a melt...
MIM, through their wholly owned subsidiary Carpentaria Gold, have completed the 100% acquisition of the Ravenswood joint venture gold operation.
The Ravenswood joint venture located at Ravenswood in North Queensland (...
In early 2000, Timken implemented a plan to transform their company. This meant that all production facilities were to be made more profitable and competitive. They expect these changes to reduce costs by $120 million pe...
Embattled aluminium producer Columbia Falls Aluminum is facing a new dilemma after having told its staff that 175 of the 340 staff would be laid off last week. Apart from trying to retain skilled staff, they now have to ...
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