Steel

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Yeong Guan Energy Technology Group Co Ltd announces merger between two Ningbo-based subsidiaries

Monday, 15 Sep 2014 05:31am EDT

Yeong Guan Energy Technology Group Co Ltd:A Ningbo-based wholly owned cast subsidiary to merge with a Ningbo-based wholly owned renewable resources subsidiary.The cast subsidiary to remain and the renewable resources subsidiary to dissolve after merger.No further details disclosed.

CFM Holdings Ltd announces striking off of subsidiary

Monday, 25 Aug 2014 07:30am EDT

CFM Holdings Ltd:Receives letter on Aug. 13, 2014 from Ministry of Commerce Thailand (Department of Business Development) that HTM Takahashi (Thailand) Company Ltd (HTM), the Group’s 99.99pct owned dormant subsidiary incorporated in Thailand, had been struck off on June 4, 2014.

Dannemora Mineral AB says court approves application to extend reorganization-Reuters

Friday, 22 Aug 2014 04:52am EDT

Dannemora Mineral AB:Mineral's application to extend company reorganization approved-Reuters.Uppsala District Court has approved the application to extend the company reorganization of Dannemora Mineral AB and Dannemora Magnetit AB by three months, until Nov. 13.

Dannemora Mineral files for extension of company reorganization

Tuesday, 12 Aug 2014 02:00am EDT

Dannemora Mineral AB:Files for extension of company reorganization.Extension is sought for three months, until Nov. 13, when the company is expected to complete ongoing activities, and thus the reorganization procedure.

Electrosteel Castings Ltd approves amalgamation of Mahadev Vyapaar Private with the company

Monday, 11 Aug 2014 06:06am EDT

Electrosteel Castings Ltd:Approved draft scheme of amalgamation with respect to merger of Mahadev Vyapaar Private Limited, wholly owned subsidiary of Company with Electrosteel Castings Limited.

BSE, NSE clear merger of two units with Sesa Sterlite Ltd-Business Standard

Wednesday, 23 Jul 2014 09:16am EDT

Sesa Sterlite Ltd:The merger of Goa Energy and Sterlite Infra with Sesa Sterlite has been cleared by the two leading stock exchanges - BSE and NSE-Business Standard.Both Goa Energy Ltd and Sterlite Infra Ltd are wholly owned subsidiaries of Sesa Sterlite Ltd.

Mechel OAO reports reorganizing the company

Thursday, 17 Jul 2014 09:00am EDT

Mechel OAO:Reports liquidating the Group's ferroalloy division due to asset sales as part of the company's strategy.Says Due to the sale of Tikhvin Ferroalloy Plant and Voskhod Mining Plant in late 2013, the company's Board of Directors decided to reorganize the Group's administrative structure by eliminating the ferroalloy division.As part of the reorganization process, Bratsk Ferroalloy Plant will be managed by the steel division.Southern Urals Nickel Plant, halted since December 2012, will be managed directly by Mechel OAO.Mechel-Ferroalloys Management Company OOO, the division's management company, will be liquidated.

Northland Resources SA announces organizational changes

Tuesday, 15 Jul 2014 12:30pm EDT

Northland Resources SA:Says that the company and the relevant labor union have reached an understanding concerning employees with collective agreement.Says, as a part of the new strategy which the company announced on June 30, Northland performs organizational changes since the company's new strategy includes operations from only one processing line.Says the organizational changes are also necessary as a component of reaching reduced cost levels.Says negotiations with the labor union IF Metall have been constructive and have been based on Northland's new operating strategy and costs saving targets.Says these targets are met through an understanding which have been reached regarding the employees with collective agreement.Says Northland has minimized the impact on its own employees by decreasing the contracting of consultants and contractors.Says the result of the reached understanding will impact 29 of Northland's probationary employees, whose employment will be terminated.Says negotiations are ongoing with relevant labor unions regarding the administrative employees and the company will revert with information regarding the outcome of this.

Northland Resources SA enters into formal reorganization

Monday, 14 Jul 2014 03:17pm EDT

Northland Resources SA:Says that the Board of the Swedish subsidiaries, Northland Sweden AB, Northland Resources AB (publ), and Northland Logistics AB have filed for reorganization with the Lulea District Court.Says the Court has approved this application.Says the Board of Directors has also decided to postpone the completion of the second processing line.

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