Alcoa and ORKLA ASA Agree to Exchange Equity Stakes

Alcoa announced it has agreed with ORKLA ASA to exchange their stakes in a Norwegian smelting partnership and a Swedish extrusion joint venture in order to focus on their respective areas of expertise and best practices. Alcoa will receive Orkla’s 50 percent stake in Elkem Aluminum ANS while Orkla... Read more..

Rio Tinto Alcan alters role in Ma’aden aluminium project

Rio Tinto Alcan is revising its participation from an equity partner in the integrated aluminum “mine-to-metal” project in Saudi Arabia to the role of working with Saudi Arabian Mining Company (Ma’aden) towards project development through a smelter technology transfer agreement and... Read more..

BE Group AB: Be Group Implements Savings Programme to Meet Rapidly Falling Demand

On account of reduced demand and uncertain market prospects, BE Group is implementing a cost saving programme. The aim is to reduce total annual costs by approximately SEK 100 million over a two-year period. The number of employees is expected to be reduced by around 120 and the reduction will be implemented... Read more..

BE Group Invests SEK 26 million in Production Services in Finland

BE Group continues to pursue its strategy of expanding the service share of sales. As part of that it has been decided that the company will invest about SEK 26 million in production service machinery for mainly stainless steel and aluminium in Lapua and Lahti in Finland. The largest part of the investment... Read more..

SPI Lasers 30W Pulsed Fiber Laser Competes with Traditional Marking Lasers

SPI Lasers, a leading designer and manufacturer of fiber lasers, today announced its latest pulsed product, a 30W fiber laser is aimed at faster and higher quality marking, engraving and ablation applications. The 30W pulsed laser, extends the output power of the existing product range. The laser has... Read more..

Zincore Identifies Promising Gold Target in Chile and Provides Exploration Update

Zincore Metals Inc. has identified a promising gold target on its Piren property in Chile during its early stage exploration programs in Chile and Mexico. These programs build on Zincore’s exploration activities in Peru and are an emerging part of the Company’s strategy to build a quality... Read more..

WorldAutoSteel Releases Preliminary Styling for Future Steel Vehicle

Future Steel Vehicle (FSV) Programme has produced early styling sketches based on the packaging studies initiated in the Phase I research, which are released today by WorldAutoSteel member companies. FSV’s technical team, which includes EDAG, Quantum Technologies, Inc., SFCV/Tongji and WorldAutoSteel... Read more..

Sterlite Industries (India) Limited;First Quarter Ended 30 June 2008

Sterlite Industries (India) Limited is reported by the media that the company has announced its results for the first quarter ended 30 June 2008 (“Q1”). Here are the highlight of the report: * Refined zinc and lead production at 128,000 tonnes and 17,000 tonnes, an increase of 38% and 27% respectively ... Read more..

TIN PRICE CRASHED DOWN TO US$22,540 PER TONNE

As reported by the media that the Tin price on the Kuala Lumpur Tin Market (KLTM) fell sharply by US$655 to US$22,540 per tonne today following a steep downtrend on the London Metal Exchange (LME), dealers said. They said expectations of a weaker economic growth has reduced demand for industrial metals,... Read more..

Rio Tinto is seeking to secure power supplies

It has recently reported by the media that Rio Tinto is seeking to secure power supplies for its primary aluminium smelter in Britain beyond the expiry of its present contract at the end of 2009, a company spokesman said on Thursday. (Advertisement) “We’re still negotiating and hoping we... Read more..