Industry News

LSB Industries disclosed on Friday the completion of the sale of its Climate Control Business for a total of USD364m. Under the terms of the agreement, the company divested the CCB to NIBE Industrier AB of Sweden. The net proceeds of the sale may be used by LSB Industries to repay its outstanding debt, redeem its preferred stock, or a combination of the two."/>
LSB Industries reports divestiture of USD364m CCB to NIBE Industrier AB
Chalice Gold Mines Limited is pleased to advise that, as part of its strategy of identifying low-cost and potentially high-impact exploration opportunities in high-quality jurisdictions, it has recently applied for extensive tenement positions in two of the world's leading gold provinces, the Yilgarn Craton of Western Australia and the..."/>
Chalice advances gold exploration initiatives in Australia and Canada
Ultratech Cement Ltd for Rs.15, 900 crore--has run into a snag over its failure to meet some commitments linked to the transaction. The deal, however, has not been called off yet and..."/>
Jaypee Group to review divestment, SDR plans today [Mint, New Delhi]
Tata Steel's pension scheme if the Government pushes on with its rescue plan. The threat could torpedo efforts to spin off the pension scheme and so sell Tata Steel's UK arm as a going concern. Proposals outlined last month by the Government– and backed by trustees at what is still called the British Steel Pension Fund– would cut benefits for members to help separate it from the steel maker."/>
Pension fund levy threatens Tata rescue bid [Financial Mail on Sunday, London]
LSB Industries have suffered through some tough times as the firm has worked through a change of leadership, incredibly expensive repairs and upgrades to its chemical plants and the spinoff of its climate control business. But last week, LSB said its Arkansas plant is producing ammonia at capacity."/>
The Oklahoman, Oklahoma City, Eagle and Beagle column [The Oklahoman, Oklahoma City]
MERLIN Entertainments, the owner of Thorpe Park, Alton Towers and Legoland, has had a strong run in the aftermath of the EU referendum. One theory is that a weaker pound will keep Brits on these shores over the summer, spending their holiday money at UK attractions. Merlin is an obvious beneficiary of that."/>
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, business briefs column [Daily Mail, London]
Sappi Fine Paper mill a day after announcing the formation of a federal economic development team that will work with Maine businesses in the wake of several mill closures. "We had a great visit today at Sappi," said Sen. "The demise of the paper industry in Maine has been grossly exaggerated."/>
Innovation key to Maine paper industry's future, delegation says in Sappi visit [Morning Sentinel, Waterville, Maine]
Ameren filed to increase electricity rates on Friday, launching what figures to be a protracted tug-of-war process with industry and consumer groups resisting the move. Louis-based utility has proposed an increase in revenue of $206 million, which company officials say would equate to a 7.8 percent average increase in rates for consumers. "This reflects $1.4 billion in investments we've made since our last rate review two years ago," said Warren Wood, Ameren Missouri's..."/>
Ameren files for rate increase [St. Louis Post-Dispatch]

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