Key Developments: Arabian American Development Co (ARSD.N)

ARSD.N on New York Stock Exchange

7.68USD
23 May 2013
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Latest Key Developments (Source: Significant Developments)

Levi & Korsinsky, LLP Launches Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Directors Of Arabian American Development Company In Connection With Executive Compensation
Thursday, 26 Apr 2012 03:03pm EDT 

evi & Korsinsky, LLP announced that it is investigating Arabian American Development Company and its Board of Directors, in connection with the compensation provided to certain executive officers.  Full Article

Arabian American Development Company Receives Approval for Listing On The NYSE
Wednesday, 21 Mar 2012 08:30am EDT 

Arabian American Development Company announced that it has received notification that its common stock has been approved for listing on the New York Stock Exchange (NYSE) and is currently going through the required regulatory processes associated with the switch to the NYSE. The Company expects its common stock to begin trading under the same symbol 'ARSD' on April 2, 2012. The Company's common stock will continue to trade on the Nasdaq Stock Market under its current symbol, "ARSD," until such date.  Full Article

Arabian American Development Company Announces Two-Year Contract Extension With An Existing Fortune 500 Customer
Thursday, 26 Jan 2012 08:30am EST 

Arabian American Development Company announced that it has signed a two year contract extension with an existing Fortune 500 customer. The extension took effect January 1, 2012, and is expected to generate approximately $5.5 million annually. In addition, the pricing structure has been changed to a formula basis to create additional margin stability.  Full Article

Arabian American Development Company's South Hampton Resources, Inc Announces Five Year Contract With New Customer
Tuesday, 1 Nov 2011 08:02am EDT 

Arabian American Development Company announced that its South Hampton Resources, Inc. subsidiary has signed a five year contract with a one year extension option to deliver a C5 pentane product to a new customer. The contract is effective November 1, 2011, and is expected to generate annual volumes of approximately 800,000 U.S. gallons. Annual revenue is expected to be $2.6 million per year based on current U.S. dollar value, market conditions, anticipated volume requirements and energy costs.  Full Article

Arabian American Development Company Announces Plans To Build Renewable Hydrocarbon Processing Demonstration Plant
Tuesday, 26 Jul 2011 08:02am EDT 

Arabian American Development Company announced that it has signed a contract with Gevo, Inc. to build a hydrocarbon processing demonstration plant at its South Hampton Resources, Inc. subsidiary in Silsbee, Texas and provide Gevo with toll-processing services necessary to process up to 10,000 gallons of Gevo's isobutanol per month into a variety of renewable hydrocarbon materials. These materials include jet fuel, isooctane for gasoline, isooctene and paraxylene for polyethylene terephthalate (PET). This will allow Gevo to supply early adopters with product so they can test material, make samples and start their selling cycle. The contract is for two years with one-year extensions thereafter. The demonstration plant is slated for completion before the end of 2011. South Hampton Resources will complete the final design and engineering package for the demonstration plant from preliminary plans supplied by Gevo and will incur incidental costs related to site preparation and tie-ins.  Full Article

Arabian American Development Company Announces Signing Of Multi-Year Production Contract For Al-Masane Al-Kobra Mine
Tuesday, 19 Jul 2011 08:01am EDT 

Arabian American Development Company announced a three year, $79 million contract with China National Geological & Mining Corporation effective July 3, 2011 for the operation, management and maintenance of the surface works of the Al-Masane Al-Kobra (AMAK) mine. Arabian American is the original developer and now a 37% equity owner of the AMAK mine project.  Full Article

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Arabian American Development Co News

Nvidia targets enthusiasts with hand-held game gadget

SAN FRANCISCO, May 14 - Chipmaker Nvidia said it will start shipping a hand-held gaming device in June, a bid to use its appeal with PC game enthusiasts to challenge console makers like Sony Corp and Microsoft Corp .

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