Industry News

Kraig Biocraft Laboratories, Inc., the leading developer of spider silk based fibers, today announced the signing of a lease, and taking of possession, for its new production facility in Indiana. The Company has already begun interior construction and expects to have the facility ready for operations by August 10, 2016. This facility is expected to increase the Company’ s US production capacity by nearly twenty times."/>
Kraig Biocraft Laboratories Takes Possession of Production Facility in Indiana
Texas Mineral Resources Corp., an exploration company targeting the heavy rare earths and a variety of other high-value elements and industrial minerals, is pleased to announce that it has successfully completed a..."/>
Texas Mineral Resources and K-Technologies, Inc. Successfully Complete Rare Earth Strategic Materials Research Contract for the U.S. Defense Logistics Agency
DuPont Reports Second-Quarter 2016 Results
Nucor Corp. has agreed to acquire US-based mining equipment maker Joy Global's steel plate mill in Longview, Texas, for approximately USD 29 m, the company said. The mill produces carbon and alloy plate products with heat-treating capabilities and has an annual capacity of 180,000 tons. It produces specialty plate products with the capability of producing plate that can range from one to 12 inches thick and up to..."/>
US Steel Maker Nucor Plans to Buy Joy Global Mill for USD 29m
Vedanta Ltd. and Cairn India that was announced on 14 June 2015, the companies said. Both companies said that the revisions take into account prevailing market conditions. Under the deal originally announced in June 2015, minority shareholders of Cairn India would receive one..."/>
British Miner Vedanta, Cairn India Revise Merger Terms
Scientific Metals Corp. is pleased to announce that it has entered into an arm's length letter agreement with a private company providing STM with exclusive rights to enter into a lease agreement with an option to acquire a 100% interest in the Iron Creek Cobalt Property in Lemhi County, Idaho, USA. The Property is located about 25 miles southwest from Salmon, Idaho and encompasses 137 acres in seven patented lode mining claims."/>
Scientific Metals Signs Letter Agreement to Acquire the Iron Creek Cobalt Property in the Idaho Cobalt Belt
Vedanta Ltd to Cairn India Ltd shareholders is still a negative for them, believe analysts, but enough to help the merger sail through. "We do see some risk that the proposed merger may increase the uncertainty over the long-term growth outlook for Cairn India's exploration and production business, which would then have to compete with the other businesses of Vedanta for capital," said Goldman Sachs in its report dated 25 July."/>
Cairn's loss is Vedanta's gain in sweetened merger deal [Mint, New Delhi]
Horizonte Minerals Plc, the nickel development company focused in Brazil, is pleased to announce the award of three new concession areas adjacent to its recently acquired Glencore Araguaia Project which forms part of the Company's 100% owned Araguaia nickel project which is being developed as the next major nickel project in Brazil. Three new concessions, totalling 3,142 hectares, are located south of the Glencore Araguaia project' GAP' area acquired..."/>
Horizonte awarded three new concession areas at Araguaia Nickel Project, Brazil
Caledonia Mining Corporation Plc announces that John McGloin has joined the Board as an independent non-executive director, with immediate effect. Caledonia has also appointed Maurice Mason as Vice President, Investor Relations and Corporate Development. Mr McGloin holds an MSc in Mining and Exploration Geology from the Camborne School of Mines and a BSc in Geology from the National University of Ireland, Galway."/>
Caledonia Mining Corporation Plc: Board and Management Appointments
LafargeHolcim, the world's largest cement producer and the second biggest in India, is expected to focus on consolidation and inorganic growth options, something it had so far put on the back-burner. On the other hand, UltraTech Cement Ltd, the fifth largest in the world and the largest in India, is expected to focus on..."/>
As LafargeHolcim and UltraTech Cement achieve scale, paths diverge [Mint, New Delhi]
Vedanta Ltd to Cairn India Ltd shareholders is still a negative for them, believe analysts, but enough to help the merger sail through. "We do see some risk that the proposed merger may increase the uncertainty over the long-term growth outlook for Cairn India's exploration and production business, which would then have to compete with the other businesses of Vedanta for capital," said Goldman Sachs in its report dated 25 July."/>
Cairn's loss is Vedanta's gain in sweetened merger deal [Mint, New Delhi]
Heron Resources Limited is pleased to announce the lodgment of the full Woodlawn Feasibility Study on the System for Electronic Document Analysis and Retrieval. SEDAR is the document filing and retrieval system for Canadian public companies and can be accessed at‘ www.sedar.com’.."/>
Heron Releases Woodlawn Zinc-Copper Project Feasibility Study
Hecla Mining Co has withdrawn and terminated its bid for Canada-based mineral exploration company Dolly Varden Silver Corp., the company said. Earlier this month, Hecla Mining formally launched a takeover bid for all of the outstanding shares of Dolly Varden Silver not owned by Hecla and its affiliates for USD 0.53 cash per share. Hecla filed a letter to shareholders of Dolly Varden outlining the value of the..."/>
Hecla Withdraws Bid for Canadian Miner Dolly Varden
Armor Minerals Inc. is pleased to announce it has closed the previously announced non-brokered private placement of 5,000,000 units at a price of $0.20 per unit for gross proceeds of $1,000,000. Each unit consists of one common share and one half of one common share purchase warrant. Each whole common share purchase warrant is convertible into one common share of the Company at a price of $0.40 for a period of 5 years."/>
Armor Closes $1,000,000 Private Placement
Laid-off by Dow? This site might help [Detroit Free Press]
Compass Minerals International Inc.. The $6.3 million profit in April, May and June equaled 18 cents a share, compared with $13.2 million, or 39 cents a share, a year ago. Revenues fell 7.7 percent to $169.5 million, compared with the same quarter a year ago."/>
BRIEF: Compass Minerals' profits fall by half in second quarter [The Kansas City Star]

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