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Athabasca Minerals receives positive decision in court proceedings relating to Susan Lake aggregate operation

Wednesday, 25 Jan 2017 07:01am EST

Athabasca Minerals Inc : Athabasca Minerals Inc - received a positive decision in court proceedings relating to Susan Lake aggregate operation . Athabasca Minerals - on Jan. 24, court released a decision denying an application brought by Syncrude for an injunction on activities at Susan Lake . Athabasca Minerals Inc - Athabasca will continue to manage Susan Lake on a business as usual basis . Athabasca Minerals Inc - retains right to seek costs incurred in defending Syncrude injunction application . Athabasca Minerals - in addition to denying all allegations in corp's statement of claim, Syncrude has brought counterclaim against corp .Athabasca Minerals - Syncrude is seeking damages in excess of $68 million against corporation.

China National Materials says unit entered into equipment procurement contract

Tuesday, 24 Jan 2017 04:04am EST

China National Materials Co <1893.HK>- : Discloseable Transaction - Equipment Procurement Contract . Lithium membrane company entered into equipment procurement contract with dalian rubber & plastics . China national materials co ltd - pursuant to deal dalian rubber & plastics has agreed to sell target equipment to lithium membrane company .Deal for aggregate consideration thereunder being rmb303 million.

China National Building enters deals with members of Sinoma Group

Wednesday, 18 Jan 2017 06:20am EST

China National Building Material Co Ltd <3323.HK> : References made to announcements dated 25 January 2016 and 22 August 2016 in relation to proposed reorganisation .Members of group have entered into agreements with members of Sinoma Group.

Chia Hsin Cement to dissolve cement unit

Friday, 30 Dec 2016 05:08am EST

Chia Hsin Cement <1103.TW>:Says it will dissolve a Jiangsu-based cement subsidiary.

Krosaki Harima to directly hold 60 pct stake in TRL ASIA PRIVATE LIMITED

Friday, 25 Nov 2016 01:23am EST

Krosaki Harima Corp <5352.T>: Says it will buy 51 percent stake in its Singapore-based sub-subsidiary TRL ASIA PRIVATE LIMITED from its India-based subsidiary TRL KROSAKI REFRACTORIES LIMITED . Says it will also buy 9 percent stake in TRL ASIA PRIVATE LIMITED from a Hong Kong-based firm MAGUS (HONG KONG) LIMITED . Says the co will directly hold 60 percent stake in TRL ASIA PRIVATE LIMITED after the stake acquisition .Says the acquisition price is S$8.5 million(not including advisory fee).

MPM Holdings Inc Q3 sales rose 1 percent to $567 million

Tuesday, 8 Nov 2016 07:23am EST

Mpm Holdings Inc : Mpm Holdings Inc - expects to deliver approximately $27 million of savings in fiscal year 2016 from global restructuring program . Mpm Holdings Inc - expects to fully implement its global restructuring program in first half of 2017 . Mpm Holdings Inc qtrly loss per share $0.35 . Mpm holdings inc - is taking strategic actions to reduce its global siloxane manufacturing capacity . Mpm Holdings Inc - siloxane restructuring expected to generate savings of approximately $10 million per annum on a run-rate basis . Mpm holdings inc - at september 30, 2016, momentive had net debt, which is total debt less cash and cash equivalents, of approximately $1.0 billion . Momentive announces third quarter 2016 results .Q3 sales rose 1 percent to $567 million.

Italcementi and HeidelbergCement integrate their Canadian operations

Wednesday, 5 Oct 2016 04:11am EDT

Italcementi Fabbriche Riunite Cemento SpA Bergamo : Said on Tuesday that its board decided on integrating its operations in the Canadian market with the homologous operations of HeidelbergCement AG . The transaction involves the acquisition by Lehigh Hanson Materials Limited (LMH), a Canadian company indirectly held by HeidelbergCement AG, of a 100 percent stake in Essroc Canada ULC (Essroc Canada) share capital . Essroc Canada is currently held by Essroc Corporation ("Essroc Corp"), an American company indirectly held by Italcementi . The consideration value of the transaction amounts to about 371 million Canadian dollars ($281.36 million) . The consideration will be partially paid by assigning to Essroc 42,288 newly issued shares of LHM, equal to 15.5 percent of LHM share capital, while the remaining part will be paid in cash . The transaction has been submitted to the Committee for Transactions with Related Parties (the "Committee") of Italcementi, which assigned Credit Suisse International the task of releasing a fairness opinion as independent expert .On Oct. 3, 2016, the independent expert issued its fairness opinion regarding the transaction and the Committee issued its favourable opinion.

Brickworks to recognize impairment charges of A$47 mln

Monday, 29 Aug 2016 07:20pm EDT

Brickworks Ltd : WA impairment and restructuring initiatives . Impairment of goodwill, totalling approximately A$47 million, will be recognised in Brickworks' financial year 2016 results . One-off costs of around $5 million after tax, will be incurred in relation to the restructuring initiatives . 2016 statutory npat expected to be in the range $62-66 million after tax .

Nittetsu Mining unit to sell copper mine in Chile to unit at $2 mln

Friday, 26 Aug 2016 02:00am EDT

Nittetsu Mining Co Ltd <1515.T>:Says it resolved to sell a copper mine in Chile that held by its unit to another Chile-based unit at $2 million.

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