Industry News

Mitsubishi Chemical Corp.' s Indian subsidiary, MCC PTA India Corp. Pvt. Ltd, for an estimated $48 million, or Rs.323 crore at the current exchange rate. The deal rescues MCC PTA, a producer of purified terephthalic acid, or PTA, from potential closure and secures the jobs of some 1,100 workers, said a person close to Chatterjee,..."/>
Chatterjee Group to acquire 90% stake in Mitsubishi Chemical's India unit [Mint, New Delhi]
JSW Steel Ltd's fiscal first-quarter profit surged on cost savings, higher exports and better volume, sending its shares higher. The company reported its highest ever volumes, receiving a boost from increased capacity and a 39% rise in exports. Restating the numbers in accordance with the new Indian Accounting Standards also worked in favour of JSW Steel."/>
JSW Steel Q1 net profit at Rs1,109 crore, beats estimates [Mint, New Delhi]
TimkenSteel with a loss of $10.5 million, or 24 cents a share, during the second quarter, the company announced Wednesday. TimkenSteel executives will discuss the earnings report in a conference call with investors Thursday morning. In a press release, the company said there were signs of stabilization in the scrap and commodities markets during the quarter."/>
BRIEF: TimkenSteel loses $10.5 million in Q2 [The Repository, Canton, Ohio]
Mexichem Reports 2016 Second Quarter Results
Catalyst Paper Corporation today announced results for the second quarter ended June 30, 2016.. The company recorded a net loss of $26.6 million and a net loss before specific items of $27.3 million in the second quarter. This compared to net earnings of $16.9 million and a net loss before specific items of $5.1 million in the previous quarter."/>
Catalyst Announces Second Quarter Results
Bayer CropScience and Japanese rice bun producer Shinmei Co. Ltd.. Seals is quick to point out that West Sacramento's growth as a food and agriculture business hub has been a team effort, with city officials and regional..."/>
Retiring chamber exec Seals helped drive West Sacramento's business growth [The Sacramento Bee]
Eastern Platinum Limited's board of directors is pleased to announce that it has appointed, effective immediately, Ms. Diana Hu as the Company's full-time Chief Executive Officer. Hu has over 20 years' experience in the global mining and metals industry."/>
Eastplats Announces Appointment of New Chief Executive Officer
Kraton Performance Polymers, Inc., a leading global producer of styrenic block copolymers, specialty polymers, and value-added specialty products primarily derived from renewable sources, announces financial results for the quarter ended June 30, 2016.. Strong volume growth for the Polymer segment, with sales volume up 17.9% compared to the second quarter 2015 and sequential growth in operating income and adjusted EBITDA in the Chemical..."/>
Kraton Performance Polymers, Inc. Announces Second Quarter 2016 Results
GOLDCORP INC. today reported its second quarter 2016 results and a decision to proceed with expansions at both its Peñasquito and Musselwhite mines. Gold production of 613,400 ounces at all-in sustaining costs of $1,067 per ounce, compared to 908,000 ounces at AISC of $853 per ounce in 2015. Lower gold production was expected in the second quarter mainly due to planned lower ore grades, a 10- day mill shutdown for planned maintenance at..."/>
Goldcorp Reports Second Quarter 2016 Results; Expansions Approved at Peñasquito and Musselwhite
AgroFresh Solutions, Inc., a global leader in produce freshness solutions, announced today that AgroFresh acting Co-Chief Executive Officer, Stephen Trevor is scheduled to present at the Jefferies 2016 Industrials Conference on August 11, 2016 in New York City. A copy of management's presentation will be made available concurrently with the conference, in the Investor Relations section of AgroFresh's website at"/>
AgroFresh Solutions to Present at Jefferies 2016 Industrials Conference
Lundin Mining Corporation today reported cash flows of $153.2 million generated from operations in the quarter, not including the Company's attributable cash flows from Tenke Fungurume. A net loss attributable to Lundin shareholders of $791.2 million for the quarter ended June 30, 2016, included an asset impairment on the Company's interest in Tenke of $772.1 million. Paul Conibear, President and CEO commented, "Our operations continued to..."/>
Lundin Mining Second Quarter Results
Ball Corporation's board of directors today declared a cash dividend of 13 cents per share, payable Sept. 15, 2016, to shareholders of record as of Sept. 1, 2016.. Ball will report its second quarter 2016 earnings on Thursday, August 4, 2016. Conference call details are below."/>
Ball Corporation Declares Quarterly Dividend
Wesdome Gold Mines Ltd. is pleased to announce the appointment of Duncan Middlemiss as President and Chief Executive Officer effective August 15, 2016. Rolly Uloth who has held the position for the past three years, will continue as a director of the Company as part of a planned succession resulting from his retirement. Charles Page, Chairman of the Board, commented, "Rolly has been a dedicated and enthusiastic leader who has assembled an experienced..."/>
Wesdome Gold Mines Announces Appointment of Duncan Middlemiss as President and CEO
Alcoa Inc. announced today that it plans to undertake a reverse stock split of Alcoa’ s common stock at a ratio of 1 for 3 and a proportionate reduction in the number of authorized shares of its common stock. The reverse stock split will reduce the number of Alcoa shares of common stock outstanding and is expected to increase the per share trading price of..."/>
Alcoa Announces Plan for 1-for-3 Reverse Stock Split
HudBay Minerals Inc. today released its second quarter 2016 financial results. All amounts are in US dollars, unless otherwise noted. Increased production in both Peru and Manitoba across all metals compared to the second quarter of 2015 Cost efficiencies and economies of scale resulted in consolidated cash cost, net of by-product credits, of $0.83 per pound and all-in sustaining cash cost, net of by-product credits, of $1.42 per pound 1 Operating cash flow before changes in..."/>
Hudbay Announces Second Quarter 2016 Results
Methanex reported net loss attributable to Methanex shareholders of $3 million compared to a net loss of $23 million in the first quarter of 2016. Adjusted EBITDA for the second quarter of 2016 was $38 million and Adjusted net loss was $31 million. This compares with Adjusted EBITDA of $36 million and Adjusted net loss of $24 million for the first quarter of 2016.. John Floren, President and CEO of Methanex..."/>
Methanex Reports Second Quarter Results
Barrick Gold Corporation. All amounts expressed in US dollars. --Barrick reported net earnings of $138 million, and adjusted net earnings of $158 million for the second quarter."/>
Barrick Reports Second Quarter 2016 Results
Cabot Corporation today announced results for its third quarter of fiscal year 2016.. Stronger volumes drove significant improvement in operating results both year-over-year and sequentially Fifth consecutive quarter of record EBIT for the Performance Chemicals segment Specialty Fluids segment delivered a higher level of profitability from projects in the North Sea and Asia Strong cash flow generation with..."/>
Cabot Corporation Reports Third Quarter Fiscal 2016 Results
NewMarket Posts First Half Net Income of $126 Million and Earnings Per Share of $10.65 Petroleum Additives First Half Operating Profit of $203 Million Continued Investment in R&D and Capital Expenditures to Fuel Long-Term Growth. RICHMOND, Va.---- NewMarket Corporation Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company’ s operations for the second quarter and first half of 2016.. Net income for the second quarter of..."/>
NewMarket Corporation Reports Second Quarter and First Half 2016 Results
New Gold Inc. today announces its 2016 second quarter results and provides an update on the construction of the company's Rainy River project. Gold production of 99,423 ounces increased by 15% relative to 2015 and copper production of 25.7 million pounds increased by 9% All-in sustaining costs decreased to $717 per ounce, including total cash costs of $334 per ounce All four operations generated free cash flow during the quarter Cash..."/>
New Gold Delivers Higher 2016 Second Quarter Cash Flow and Significantly Lowers Full-Year Cost Guidance
First Quantum Minerals Ltd. will pay an interim dividend of CDN $0.005 per share in respect of the financial year ending December 31, 2016.. The dividend will be paid on September 19, 2016 to shareholders of record on August 26, 2016. The ex-dividend date is August 24, 2016.. The Company has established a Dividend Reinvestment and Share Purchase Plan for its Canadian resident shareholders."/>
First Quantum Minerals Declares an Interim Dividend of CDN $0.005 per Share
Tree Island Steel Ltd. As a result of the continued growth of Tree Island, the Company is pleased to announce that effective September 1, 2016, Remy Stachowiak has been named Chief Operating Officer and will continue to report to Dale R. MacLean, President and CEO. Stachowiak, previously the Vice President, Sales and Marketing, will assume responsibility for the operations as well as the marketing and customer services functions."/>
Tree Island Steel Executive Announcement
Barrick Gold Corporation today announced that its Board of Directors has declared a dividend for the quarter of US 2 cents per share, payable on September 15, 2016, to shareholders of record at the close of business on August 31, 2016.. The declaration and payment of dividends is at the discretion of the Board of Directors, and will depend on the company's financial results, cash requirements, future prospects, and other factors deemed relevant by the..."/>
Barrick Announces Dividend
First Quantum Minerals Ltd. today announced comparative earnings of $38 million and cash flows from continuing operating activities of $304 million ($0.44 per share) for the three months ended June 30, 2016.. -Set new quarterly records for copper production and sales of 131,349 tonnes and 132,030 tonnes, respectively, surpassing previous records set in the first quarter of the year:- 53% increase in copper production at Sentinel over Q1 2016 reflective of steady operational..."/>
First Quantum Minerals Reports Second Quarter 2016 Results
Agnico Eagle Mines Limited is pleased to provide an update on its 2016 exploration activities at the Amaruq project in Nunavut, the Sisar Zone at Kittila, the Barsele project in Sweden, the 50% owned Odyssey prospect adjoining the Canadian Malartic mine, the Madrono prospect adjoining the Pinos Altos and Creston Mascota operations and the El Barqueno project in Mexico. Drilling at Amaruq discovers an additional vein structure in V Zones and..."/>
Mid-Year 2016 Exploration Update: Expansion of Whale Tail and V Zones at Amaruq; Initial Results Reported from the Odyssey Zone; New Zones of Mineralization Outlined at Madrono and El Barqueno in Mexico; Sisar Zone Continues to Expand at Kittila

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