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Metals Industry News
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Metals Industry News
Market blamed for Chinalco-Rio failure
China is blaming market forces and a campaign by BHP Billiton Ltd for the failure of its planned $US19.5 billion investment in Rio Tinto Ltd last year, according to a report.

Barrick Gold and Xstrata in Gold-Copper Mine Property Sales Case in Chile
The case of property purchase gold and copper mine in Chile by Barrick Gold Corp.

Cuyahoga County Public Library elects officers: Appointments
Aquent Studios: Steve Morey was named art director of the Eastlake media agency.

Hot Rumors and Forged Deals in Steel
The U.S. steel industry is ablaze this month in a cauldron of molten whispers about purported takeovers.

Precious Metals Weekly Report - Mar 13, 2010
Metals were split in performance this second week of March after a strong showing during the first week where silver exploded 7% in London and platinum came in with a weekly increase of 2.9% ...

Dynamic Materials acquiring supplier
Dynamic Materials Corp. in Boulder has signed an agreement to purchase the assets of Austin Explosives Co.

Europe Markets: VW, BMW rev higher while Europe struggles
Automakers Volkswagen and BMW revved higher on Thursday while miners lost ground in a broadly weak session for European stocks.

Goldcorp reports record 2009 production, aggressive growth strategy
Goldcorp Inc. is spending $40 million this year to develop its recently acquired El Morro gold-and-copper project in Chile, despite a dispute over ownership of the project with the world's largest gold miner.

UPDATE 1-Commercial Metals sees wider Q2 loss
Commercial Metals Co expects a wider second-quarter loss this year, due to weak end-user demand, high ferrous scrap prices and the harsh winter in the United States and Europe.

BHP, Anglo, Xstrata Bypass Europe on 10,000-Mile Coal Route to China Ports
BHP Billiton Plc , Anglo American Plc and Xstrata Plc are shipping coal 10,000 miles to China from their Cerrejon mine in Colombia for the first time this year because of surging demand and rising prices in Asia.

Barrick Gold Seeks to Include Xstrata in Suit Over Chilean Copper Mine
Barrick Gold Corp. sought to include Xstrata Plc in a lawsuit over the control of a Chilean gold and copper project, claiming Xstrata backed out of a deal to sell the property to Barrick.

EU steel makers complain of iron price hikes
European steel makers warned Thursday that big iron ore price increases could slow the region's fragile economic recovery.

RTI: New Genetic Research Center Forms
In an effort to accelerate research to understand the complex relationships between genetics, genomics, molecular epidemiology and their interactions with environmental factors, RTI committed more than $2 million to form a new multidisciplinary research center.

Century, AEP Pleased With 'Power Bill' Passage
A newly passed bill will give large manufacturers a way to negotiate their power agreements.

Asian Stocks Fall, Led by Mining Companies as Metal Prices Drop
Asian stocks fell, led by materials companies on concern Chinese demand for metals may stagnate, outweighing gains by China Life Insurance Co.

A.M. Castle 4th-Quarter Loss Narrows
Specialty metal and plastic products company A.M. Castle & Co. said Wednesday that its fourth-quarter loss shrank, helped by lower material costs and the effect of one-time charges.

NetSuite to Launch as First Mid-Market Cloud Computing ERP Suite for Google Apps Marketplace
NetSuite Inc. , a leading vendor of cloud computing business management software suites, today announced that it plans to make its cloud computing enterprise resource planning suite available in the Google Apps Marketplace, Google's recently launched online storefront for Google Apps products and services.

Maanshan Steela s Coal Imports to Rise; Buys From...
Maanshan Iron & Steel Co., the second-biggest Chinese steelmaker listed in Hong Kong, will increase coking coal imports this year, adding to rising global demand that's sent prices soaring.

Donner Metals Ltd.: Bracemac-McLeod Update
Harvey Keats, Chief Executive Officer of Donner Metals Ltd. , reports that it has received additional results from Xstrata Zinc from the definition drill program currently in progress on the Bracemac-McLeod Deposit.

Gold is decade's best performing investment
Gold has proved to be the best value investment over the last 10 years, new research has disclosed.

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Plastics Industry News
Albemarle to Participate in the National Advanced Biofuels Consortium
Participants in the Consortium include scientists and engineers from universities, government and leading industry companies such as UOP, BP, Tesoro and Albemarle.

Royal Dutch to nominate Holliday as director
Royal Dutch Shell PLC on Thursday said it plans to nominate Charles "Chad" Holliday Jr.

Aid groups in China say they feel threatened by new rules on overseas donations
In this Feb. 26, 2009 file photo, Chinese children celebrate with gifts from the NGO Disaster Preparedness Center whose members visited the quake-hit town of Luoshui, near Chengdu, southwestern China's Sichuan province.

Albemarle Appoints Chief Compliance Officer and Corporate Secretary
She will also continue in her role as Assistant General Counsel. Albemarle chairman, president and chief executive officer Mark C. Rohr said, "Nicole's experience in the area of legal compliance and her success in her current role as Assistant General Counsel for Albemarle makes her well suited to direct Albemarle's compliance, SEC and corporate ...

Eastman Chemical CEO gets $3.5M in 2009 pay
Wednesday, March 10, 2010 at 2:02 p.m. KINGSPORT, Tenn. - In his first year as CEO of Eastman Chemical Co., James Rogers received compensation valued at $3.5 million, according to an Associated Press calculation of figures disclosed in a regulatory filing.

Goodyear CEO gets compensation worth $14 million
The chairman and outgoing chief executive of Goodyear Tire & Rubber Co. received a pay package valued at $14 million in 2009, a 40 percent increase from the year before, according to an Associated Press analysis of a regulatory filing.

Dow Announces Additional Relief Support For Haiti, Plans For Chile
The Dow Chemical Company today made public several support efforts that have been underway to assist the ongoing disaster recovery efforts in Haiti and Chile.

UPDATED 8:17 a.m.: Worker injured after fall at Dow plant
Ledyard Emergency crews responded to Dow Chemical on Route 12 this morning after a contractor fell.

Eastman Guides Lower
Eastman Chemical Co. has announced recently that it expects profits in the first quarter to be down 25 cents per share.

Sowing the seeds of growth
In a move that is certain to boost Indiana's reputation as a life-sciences hub, Dow AgroSciences will add nearly 600 jobs to its Northwestside campus in hopes of dramatically expanding its worldwide competitiveness in farm chemicals and biotech crops.

Dow Water & Process Solutions To Present At The 23rd Annual...
Dow Water & Process Solutions To Present At The 23rd Annual Organic Reactions Catalysis Society Conference March 5, 2010 Dow will present during the ORCS Conference in Monterey, Calif., March 14-18, 2010 Technical expert, Jose Antonio Trejo, will discuss Dow's innovative polymeric nanometric bifunctional catalyst technology Dow Water & Process ...

DuPont Among The 'Most Admired Companies'
Fortune magazine has named DuPont among the 50 "Most Admired Companies" in the world for 2010.

Bristol-Myers CEO to retire; COO to succeed him
Drugmaker Bristol-Myers Squibb Co. said Tuesday its chief executive will retire in May and be succeeded by the current chief operating officer.

Myers Industries Boosts Dividend
Myers Industries Inc. said Friday that its Board of Directors announced plans to increase its quarterly dividend by 8% to 6.5 cents per share.

Dow To Invest $1 Billion in Michigan Clean Energy Expansions
Dow Chemical Company plans to expand its Michigan-based clean energy operations in wind, solar and advanced-battery manufacturing at a cost of more than $1 billion, according to Governor Jennifer M. Granholm.

Saginaw County listens to CeaseFire pitch
Former criminals and gangbangers who were once the problem could become a solution to some of Saginaw County's crime.

Goodyear Names Finalists for 27th Highway Hero Award
George Lantzy, of Turtle Creek, PA; Jesse Lee Seal, of Alma, AR; Stephen Page, of Gloucester, MA; and Junichi Shimizu, of Gladstone, OR; were named finalists today for trucking's most prestigious award for heroism.

Dow Agro plans $340M expansion, 577 new jobs
Dow AgroSciences on Thursday morning announced plans for a $340 million expansion of its Indianapolis headquarters that is expected to create 577 high-paying jobs over the next five years.

Dow a success story in hard times
Dow Chemical Co. CEO Andrew Liveris had just landed in the Caribbean for Christmas vacation in 2008 when he got an urgent text message.

UPDATE 1-Eastman Chemical plant closure to harm Q1 profit
Eastman Chemical Co said on Wednesday a recent shutdown at a Texas plant will likely cut first-quarter earnings by at least 20 cents per share.

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