Smelting

Hudbay Completes Offering of US$600 Million Aggregate Principal Amount of Senior Notes

Retrieved on: 
Wednesday, September 23, 2020
Financial markets, U.S. Securities and Exchange Commission, Hudbay Minerals, Smelting, Companies, Mining, 73rd United States Congress, Securities Act, Security, New York Stock Exchange, HBM, Prospectus

TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (Hudbay or the company) (TSX, NYSE:HBM) today announced that it has completed its previously announced offering of US$600 million aggregate principal amount of 6.125% senior notes due 2029 (the New Notes).

Key Points: 
  • TORONTO, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (Hudbay or the company) (TSX, NYSE:HBM) today announced that it has completed its previously announced offering of US$600 million aggregate principal amount of 6.125% senior notes due 2029 (the New Notes).
  • Hudbay plans to use the net proceeds from the offering of the New Notes to fund the companys previously announced redemption of all of its outstanding US$400 million aggregate principal amount of 7.250% senior notes due 2023 (the 2023 Notes), pay any related premium, costs and expenses and for general corporate purposes.
  • The New Notes will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), or the securities laws of any other jurisdiction.
  • The New Notes will not be qualified by a prospectus in Canada.

Stelco Provides Further Details on Blast Furnace Upgrade Project

Retrieved on: 
Monday, September 14, 2020
Industrial processes, Industrial furnaces, Steelmaking, Blast furnace, Metallurgy, Smelting, Stelco, Metals

Stelco continues to proceed with its comprehensive blast furnace upgrade and reline project at its Lake Erie Works facility in Nanticoke, Ontario, creating what we believe will be the first smart blast furnace of its kind in North America.

Key Points: 
  • Stelco continues to proceed with its comprehensive blast furnace upgrade and reline project at its Lake Erie Works facility in Nanticoke, Ontario, creating what we believe will be the first smart blast furnace of its kind in North America.
  • The upgrade project is currently on-budget and on-schedule, with hot metal production expected early in October 2020.
  • The blast furnace upgrade and reline project is the first one in the history of Lake Erie Works and will enable Stelco to efficiently operate its technologically advanced blast furnace for the next three to four decades.
  • Forward-looking information in this news release includes our expectations that: we will improve our cost position following the completion of the blast furnace reline and upgrade project; expectations that the blast furnace upgrade and reline project will be completed by early October 2020; that the Company will be well positioned to participate in any economic recovery following completion of the blast furnace project; that the blast furnace upgrade and reline project remains on schedule and on budget; expectations that upon completion of the blast furnace reline and upgrade project the Company will benefit from upgrades intended to lower our cost structure and increase our steelmaking capacity and enhance our product quality; and expectations that the Company's strategic initiatives will position the Company for long-term success.

Hudbay Announces Offering of US$500 Million Aggregate Principal Amount of Senior Notes

Retrieved on: 
Wednesday, September 9, 2020
Smelting, Chemistry, Physical sciences, Metallurgy, Hudbay Minerals, HBM, Copper extraction, Copper

TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (Hudbay or the company) (TSX, NYSE:HBM) today announced that it is offering US$500 million aggregate principal amount of senior notes (the New Notes).

Key Points: 
  • TORONTO, Sept. 09, 2020 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (Hudbay or the company) (TSX, NYSE:HBM) today announced that it is offering US$500 million aggregate principal amount of senior notes (the New Notes).
  • The interest rate and other terms of the New Notes will be determined at pricing and are dependent upon market conditions and other factors.
  • Hudbay plans to use the net proceeds from the offering of the New Notes to refinance all of its outstanding US$400million aggregate principal amount of 7.250% senior notes due 2023 (the Existing Notes), pay any related premium, costs and expenses and for general corporate purposes.
  • Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver) and zinc metal.

Analysis on Impact of COVID-19: Blast Furnaces Market 2020-2024 | Large Installed Base of Blast Furnaces to Boost the Market Growth | Technavio

Retrieved on: 
Tuesday, September 1, 2020
Construction & Property, Building Systems, Industrial processes, Blast furnace, Metallurgy, Smelting, Steelmaking, Scenario, Chemistry

Technavio has been monitoring the blast furnaces market and it is poised to grow by USD 869.14 mn during 2020-2024.

Key Points: 
  • Technavio has been monitoring the blast furnaces market and it is poised to grow by USD 869.14 mn during 2020-2024.
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
  • Large installed base of blast furnaces has been instrumental in driving the growth of the market.

Global Blast Furnaces Market (2020 to 2024) - Featuring IHI, MECON & Nippon Steel Among Others - ResearchAndMarkets.com

Retrieved on: 
Friday, August 14, 2020
Other Manufacturing, Manufacturing, Industrial processes, Steelmaking, Blast furnace, Metallurgy, Smelting

The "Global Blast Furnaces Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Blast Furnaces Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
  • The blast furnaces market is poised to grow by $ 869.14 million during 2020-2024 progressing at a CAGR of 3% during the forecast period.
  • The report on the blast furnaces market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • This study identifies the growing steel demand from India and Russia as one of the prime reasons driving the blast furnaces market growth during the next few years.

NL INDUSTRIES ANNOUNCES QUARTERLY DIVIDEND FOR THE THIRD QUARTER OF 2020 AT $.04 PER SHARE

Retrieved on: 
Wednesday, August 5, 2020
Companies, Chemistry, Physical sciences, NL Industries, Smelting, Dividend, Titanium

Dallas, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:NL) today announced that its Board of Directors voted to declare a quarterly dividend of four cents ($0.04) per share on its common stock payable on September 15, 2020 to shareholders of record at the close of business on September 1, 2020.

Key Points: 
  • Dallas, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:NL) today announced that its Board of Directors voted to declare a quarterly dividend of four cents ($0.04) per share on its common stock payable on September 15, 2020 to shareholders of record at the close of business on September 1, 2020.
  • NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and titanium dioxide products businesses.

NL REPORTS SECOND QUARTER 2020 RESULTS

Retrieved on: 
Wednesday, August 5, 2020
Companies, NL Industries, Smelting, Business, Industries

Dallas, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $4.6 million, or $.09 per share, in the second quarter of 2020 compared to net income attributable to NL stockholders of $5.9 million, or $.12 per share, in the second quarter of 2019.

Key Points: 
  • Dallas, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $4.6 million, or $.09 per share, in the second quarter of 2020 compared to net income attributable to NL stockholders of $5.9 million, or $.12 per share, in the second quarter of 2019.
  • CompX net sales were $23.8 million for the second quarter of 2020 compared to $33.7 million in the second quarter of 2019 and $56.1 million for the six months ended June 30, 2020 compared to $64.9 million for the same prior year period.
  • Kronos net sales of $386.0 million in the second quarter of 2020 were $98.5 million, or 20%, lower than in the second quarter of 2019.
  • Kronos income from operations in the second quarter of 2020 was $33.0 million as compared to $46.5 million in the second quarter of 2019.

COMPX DECLARES REGULAR QUARTERLY DIVIDEND

Retrieved on: 
Tuesday, August 4, 2020
Companies, Financial markets, Corporate finance, Equity securities, NL Industries, Smelting, Dividend, Navistar International, CIX, New York Stock Exchange, Common stock, Stock

Dallas, Texas, Aug. 04, 2020 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared CompXs regular quarterly dividend of ten cents ($0.10) per share on its class A common stock, payable on September 8, 2020 to stockholders of record at the close of business on September 1, 2020.

Key Points: 
  • Dallas, Texas, Aug. 04, 2020 (GLOBE NEWSWIRE) -- CompX International Inc. (NYSE American: CIX) announced today that its board of directors has declared CompXs regular quarterly dividend of ten cents ($0.10) per share on its class A common stock, payable on September 8, 2020 to stockholders of record at the close of business on September 1, 2020.
  • CompX is a leading manufacturer of security products and recreational marine components.

Capstone to Expand Leaching at Pinto Valley; 300 to 350 MIbs of Low-Cost, Copper Cathode Production Potential

Retrieved on: 
Monday, July 27, 2020
Mining, Minerals, Natural Resources, Physical sciences, Chemistry, Metallurgical processes, Natural sciences, Copper extraction, Smelting, Copper, Jetti, Electronic waste

The plan is to increase cathode production to 300-350 million pounds from residual and high-grade waste over the next two decades, creating 30 new jobs at Pinto Valley.

Key Points: 
  • The plan is to increase cathode production to 300-350 million pounds from residual and high-grade waste over the next two decades, creating 30 new jobs at Pinto Valley.
  • (Graphic: Business Wire)
    During the first year of Capstones partnership with Jetti, cathode production per area irrigated has doubled (see Figure 3).
  • Jettis catalysts enable the disruption of the sulfur metal bond of the mineral, allowing copper extraction to take place unimpeded.
  • In 2019, Jetti started deploying its novel catalytic technology at Pinto Valley's leach operation and, one year later, has now doubled copper cathode production per area irrigated.

Global Blast Furnaces Market Analysis Highlights the Impact of COVID-19 2020-2024| Large Installed Base of Blast Furnaces to Boost Market Growth | Technavio

Retrieved on: 
Monday, July 27, 2020
Other Manufacturing, Manufacturing, Industrial processes, Steelmaking, Industrial furnaces, Metallurgy, Blast furnace, Industrial Revolution, Smelting, Chemistry

Technavio has been monitoring the global blast furnaces market size and it is poised to grow by USD 869.14 million during 2020-2024.

Key Points: 
  • Technavio has been monitoring the global blast furnaces market size and it is poised to grow by USD 869.14 million during 2020-2024.
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • Large installed base of blast furnaces has been instrumental in driving the growth of the market.
  • Large installed base of blast furnaces has been instrumental in driving the growth of the market.