Industrial conglomerate Siemens says 3Q profit falls 31 percent as sales increase

Industrial conglomerate Siemens AG has recently told the press that its third-quarter profit fell 31 percent from the same period a year ago, but was buoyed by better orders for power plants. The company, which makes a wide range of products including trains, light bulbs, medical equipment and power... Read more..

Ameron International Appoints Richard Mueller President of Water Transmission Group

Ameron International Corporation announced the appointment of Richard I. Mueller as Group President of the Water Transmission Group effective January 19, 2009. In his new position, Mueller will report to Gary Wagner, Ameron’s President and Chief Operating Officer. Mueller had been Senior Vice President... Read more..

China Gengsheng Minerals, Inc. Receives a $2.9 Million Short-Term Loan

China Gengsheng Minerals, Inc., a materials technology company in China with products capable of withstanding high temperature, saving energy and boosting productivity in certain industries such as steel and oil, today announced that Henan Gengsheng Refractories Co., Ltd., its wholly owned subsidiary,... Read more..

China Fire Signs New Contracts with Anshan Iron & Steel Group Corporation

China Fire & Security Group, Inc., a leading industrial fire protection product and solution provider in China, announced today that the Company has signed two total solution contracts with Anshan Iron & Steel Group Corporation, for a total value of approximately USD$4.4 million. Anshan Iron... Read more..

MMX Wins Private Bidding Process for CSN Port Services

MMX Mineração e Metálicos S.A. announces to its shareholders and the market that it has won the private bidding process promoted by Companhia Siderúrgica Nacional for port services to be provided by Terminal de Carga do Porto de Itaguaí, in Itaguaí Municipality, Rio de Janeiro State, which will... Read more..

Alcoa Chairman Alain Belda Honored By Asia Society for Environmental Leadership

Alcoa announced that Alcoa Chairman Alain Belda was honored by the Asia Society this week for his environmental leadership, including Alcoa’s progress to reduce GHG emissions and address global warming. In accepting the award, Mr. Belda said, “At Alcoa, we see global warming as the sustainability... Read more..

Cardero Provides Update on the Pampa El Toro Iron Sand Project, Marcona District, Southern Peru

Cardero Resource Corp. provide an update on the Pampa El Toro (PET) iron sands project, located in the Marcona district, Peru. Cardero is currently focusing on two production scenarios for PET iron concentrate, involving near-term iron concentrate production and medium-term pig iron production. The first... Read more..

McGladrey Capital Markets Leads Negotiations as Böhler Uddeholm AG Acquires Summerville Steel Company

Böhler Uddeholm AG has acquired Kent, Wash.-based Summerville Steel Company, a privately-held distributor of specialty steel products. Transaction terms were not disclosed. McGladrey Capital Markets LLC (www.mcgladreycm.com) initiated the transaction, led the negotiations and acted as the exclusive... Read more..

Alcoa Recognized for Innovation and Excellence for Carbon Capture Technology

Alcoa announced today that its Kwinana alumina refinery in Australia was recognized for excellence in the Australian mining industry when it was named ‘Minerals Processing Plant of the Year’ at the annual Australian Mining Prospect Awards sponsored by Australian Mining, Australia’s premier mining... Read more..

Gerdau Ameristeel Announces Acquisition of Metro Recycling

Gerdau Ameristeel, a leading mini-mill steel producer, announced today that it has acquired Metro Recycling, a scrap processor headquartered in Guelph, Ontario. Terms of the transaction were not disclosed. Metro Recycling is a premier central Ontario recycler with three locations, two in Guelph and the... Read more..