December 2007

(AMM) O'Neal targets specialty alloys, joins two centers

Highlighting the drive toward service center consolidation, O'Neal Steel Inc., Birmingham, Ala., has merged two Ohio service centers it acquired in 2006, with the combined operation now known as United Performance Metals.

(AMM) Norilsk forms committee of independent directors

Russia's MMC Norilsk Nickel has created a committee of independent directors within its board to review possible transactions concerning the company's shares.

Ethiopian government mulls sale of tantalum mine

The Ethiopian government is considering selling its Kenticha tantalum deposit to private foreign investors, according to reports.

Universal Stainless names McAninch successor

Universal Stainless & Alloy Products, the Pennsylvania-based manufacturer of semi-finished and finished speciality steels, including stainless steel, has appointed Dennis Oates as president and ceo

China’s manganese alloys exports slip, FeSi exports up in Nov

China’s exports of manganese alloys dipped in November due to the high prices from the country, while the country’s ferro-silicon exports rebounded strongly on improved demand

China’s nickel ore imports up 10% in Nov

China imported 1.17 million tonnes of nickel ore and concentrate in November, up 10 percent from a month ago, according to the latest statistics from Chinese customs data, but market participants expect imports to drop in the coming months on sluggish demand

MSC to invest in Vietnamese nickel mine

Malaysia’s largest tin producer Malaysia Smelting Corp (MSC) will buy a 13-percent stake in Vietnamese nickel miner Asian Mineral Resources (AMR) in its first foray into nickel mining

Yusco to cut 300-series export prices by $200-250/tonne in Jan

Taiwan’s Yieh United Steel Corp (Yusco) will cut prices of its 300-series hot rolled and cold rolled stainless steel by $200-250 per tonne in January, it said

Molymet gets EIA approval for Mejillones molybdenum plant

Molybdenum producer Molibdenos y Metales SA (Molymet) can proceed to develop a molybdenum plant in Mejillones in Chile’s Region II having received approval of its environmental impact assessment (EIA) from regional environmental authority Corema

Amanta given prospecting licence for idled tungsten mines in Thailand

Canadian tungsten prospector Amanta Resources has been granted a special prospecting licence (SPL) by the Dept of Primary Industry and Mining in Thailand with the aim of restarting mining at three idled sites