Industry News

Scientific Metals Corp. is pleased to announce it has completed the arm's length acquisition of a 100% interest in the Paradox Basin Lithium Brine property located in Utah in the western United States. The Company acquired an aggregate of 111 mineral claims covering approximately 2,200 acres that contain six historic oil and gas drill holes. In consideration for the acquisition of a 100% interest in the Paradox Property, STM made a cash..."/>
Scientific Metals Completes the Acquisition of the Paradox Basin Lithium Brine Property in Utah
Orosur Mining Inc., the South American-focused gold producer, developer and explorer is pleased to announce the results for the fiscal year ended May 31, 2016. Gold production of 35,773 oz, exceeding guidance of 30,000– 35,000 oz. Cash operating costs US $877/ oz in line with guidance of US $850– US $950/ oz. Total Cash costs reduced to US $891/ oz All-In-Sustaining Costs of US $1,069/ oz in line with guidance of US $1,000– US $1,100/ oz having achieved AISC below US $1,000/ oz in..."/>
Orosur Mining Inc. – Results for the Fiscal Year Ended May 31, 2016 - Cash Flow From Operations $7.6mm, Net Cash Position Increased by $0.7mm
Grasim Industries Ltd and Aditya Birla Nuvo Ltd, saying the financial services business needed a parent with a stronger balance sheet to boost growth. The group's failure to get a banking licence also seems to have played a part in arriving at the current structure. On Thursday, the group announced that it would merge Nuvo and Grasim, both of which also serve as holding companies, and spin..."/>
Finserv focus behind Nuvo, Grasim merger: Birla executives [Mint, New Delhi]
Asian Paints Ltd's volume grew in double digits, buoyed by the performance of the decorative paints segment. This is impressive, given the subdued consumer demand environment. Consolidated revenue rose 9% on a year-on-year basis to Rs.3, 590.16 crore and net profit increased by 18.5% year-on-year to Rs.552.56 crore."/>
Asian Paints Q1 results: Stellar quarter, but priced in [Mint, New Delhi]
Praxair, Inc. is currently in preliminary discussions with German gas supplier Linde AG regarding a potential merger, the company has confirmed. If consummated, the merger would create a USD 60 bn leader in the industry. A merger of the companies would result in substantial consolidation within the industrial gasses sector."/>
US Industrial Gasses Supplier Praxair in Merger Talks with Germany’s Linde
Avino Reports Q2 2016 Financial Results
Avino Reports Q2 2016 Financial Results
M and A Navigator: Deal pipeline 16 August
WEC Energy Group Inc. and Cliffs Natural Resources Inc. issue the following clarification statement about project funding for the proposed natural gas-fired power solution in the Upper Peninsula of Michigan:. WEC Energy Group through its affiliates will fund the entire $255 million investment. Cliffs and/or its affiliates are not investing any capital toward the above mentioned project."/>
WEC Energy Group and Cliffs Natural Resources Issue Joint Clarification Statement Regarding Proposed Energy Project
Verso Corporation, or "the Company," reports financial results for the second quarter of 2016. Subsequent to quarter-end we successfully emerged from bankruptcy and began trading on the NYSE Net sales of $630 million in the second quarter of 2016 Net loss of $33 million Adjusted EBITDA of $46 million. Verso's net sales for the second quarter of 2016 decreased $148 million, or 19%, due primarily to weaker than expected demand, continued pricing..."/>
Verso Corporation Reports Second Quarter 2016 Results
Gitennes Exploration Inc. announces the results of its Annual and Special General Meeting held today in Vancouver. Shareholders re-elected Ken Booth, Robert Matthews and Stuart Ross as directors of the Company and approved the Special Resolution for the continuance of the Company out of the Province of Ontario and to continue the Company into the Province of British Columbia. The Company also announces it will be undertaking a non-brokered..."/>
Gitennes Exploration Inc. - AGM Results and Private Placement
Goldgroup Mining Inc. announces its Cerro Prieto production results for the second quarter ended June 30, 2016.. "Q2 2016 was a strong quarter operationally as Cerro Prieto has officially gone into commercial production," said Keith Piggott, Chairman, President and CEO of Goldgroup, "Our all-in sustaining cash cost for the quarter was $973 per ounce. We continue to work on the opportunities to lower cash costs further to our target of $900 per ounce as..."/>
Goldgroup Announces Cerro Prieto Production Results for the Second Quarter 2016
Companhia Siderurgica Nacional announces its results for the second quarter of 2016:. R $855 million EBITDA generated, a 17% increase over 1 Q16, with 19% EBITDA Margin During June, the EBITDA reached R $320 million, showing a recovery in the domestic steel market and the mining segment Steel Sales of 1,253 kt, a slight expansion over 1 Q16 Increased share of Coated Products, achieving 60% of the flat steel sales Iron Ore Production of 8.5 Mt, with..."/>
CSN announces 2Q16 results
Friedman Industries, Incorporated, a Texas-based company engaged in pipe manufacturing, steel coil processing and steel and pipe distribution, announced today its results of operations for the first quarter. For the quarter ended June 30, 2016, the Company recorded a net loss of $1,461,219 on sales of $22,393,764. For the quarter ended June 30, 2015, the Company recorded net earnings of $525,949 on sales of $23,968,569.. For further information, please refer to the..."/>
Friedman Industries, Incorporated Announces First Quarter Results
MAG Silver Corp. announces the Company's unaudited financial results for the three and six months ended June 30, 2016. For details of the June 30, 2016 unaudited Financial Statements and Management's Discussion and Analysis, please see the Company's filings on SEDAR or on EDGAR. All amounts herein are reported in thousands of United States dollars unless otherwise specified. --Deep exploration drilling at Juanicipio was ongoing..."/>
MAG Silver Reports Second Quarter Financial Results
IIROC Trading Halt - WCX
Dundee Precious Metals Inc. is pleased to announce that the Ausmelt furnace at its Tsumeb smelter in Namibia successfully recommenced operations on August 13, 2016, as anticipated. On July 22, 2016, a regional power outage, followed by issues with emergency power backup systems, led to damage to the refractory lining of the Ausmelt furnace, the repair of which was expected to take three weeks. The reheating of the furnace commenced on August 9, 2016..."/>
Dundee Precious Metals Announces the Successful Restart of the Tsumeb Smelter
Nautilus Minerals Inc. announces the release of its unaudited consolidated Financial Statements for the second quarter ended June 30, 2016, together with Management's Discussion and Analysis. --Advanced the Solwara 1 Project-- Advanced the construction of the Production Support Vessel-- Completed rights offering-- Upgraded and increased CCZ Mineral Resource and released a NI 43-101 Technical Report on Polymetallic Nodules-- Announced a change to..."/>
Nautilus Minerals Announces Financial Results for Q2 2016
Compass Minerals’ growth strategy Purchase consideration for remaining 65 percent of Produquímica is expected to range from $460 million to $480 million* including the assumption of debt Expected to add $0.12 to $0.15 to earnings per share in 2016, net of incremental debt financing cost. OVERLAND PARK, Kan.---- Compass Minerals today announced an agreement to purchase all outstanding interest in Produquímica Indústria e Comércio S.A., one of Brazil’ s..."/>
Compass Minerals to Acquire Full Ownership of Leading Brazilian Specialty Plant Nutrition Company

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