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Official Statement of Mechel OAO

MOSCOW, July 25 /PRNewswire-FirstCall/ -- Mechel OAO (NYSE: ) publishes its official statement. Mechel shares the concerns of the Government of the Russian Federation, steel plants and metallurgical industry in regard to the growth in prices for steel products and raw materials in the recent time. As was previously announced, Mechel has started the process of forming long-term commercial relationships...

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Curtiss-Wright Reports 2008 Second Quarter and Six Month Financial Results

Sales up 24%; Operating Income up 29%; Net Earnings up 27%; Backlog at Record Level ROSELAND, N.J., July 24 /PRNewswire-FirstCall/ -- Curtiss-Wright Corporation (NYSE: ) today reports financial results for the second quarter and six months ended June 30, 2008. The highlights are as follows: Second Quarter 2008 Operating Highlights -- Net sales for the second quarter of 2008 increased 24% to...

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Patriot Coal Declares 2-For-1 Stock Split and Expands Board

ST. LOUIS, July 24 /PRNewswire-FirstCall/ -- Patriot Coal Corporation (NYSE: ) today reported that its Board of Directors declared a 2-for-1 stock split, to be effected in the form of a 100 percent stock dividend, payable August 11, 2008, to stockholders of record on August 4, 2008. The Company's stock price has more than tripled since initial trading on November 1, 2007. Following the Magnum acquisition,...

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Buenaventura Stock-Split Now Effective

LIMA, Peru, July 24 /PRNewswire-FirstCall/ -- Compania de Minas Buenaventura S.A.A. (the "Company" or "Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly traded precious metals mining company announced that the two-for-one stock split took place the morning of July 23, 2008. As a result, the number of Buenaventura's outstanding shares is now 254,442,328. Company Description ...

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Zenergy Power Completes Successful Operation of World's First Commercial High-Temperature Superconductive (HTS) Induction Heater

Substantial energy savings and significant reduction of carbon dioxide emissions provide economic and environmental efficiencies SAN FRANCISCO, July 24 /PRNewswire/ -- Zenergy Power Inc., developer of commercial products based on high temperature superconductor (HTS) technology, announced the successful installation and implementation of the world's first commercial full scale HTS induction heater...

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Thunder Mountain Gold Announces Completion of Private Placement

BOISE, Idaho, July 23 /PRNewswire-FirstCall/ -- Thunder Mountain Gold, Inc. (OTC Bulletin Board: THMG) (Company) today announced the completion on July 18, 2008, of a Private Equity Financing of US$555,000 by way of a private placement to accredited investors. The placement consisted of 2,775,000 Units priced at US$0.20 each. Each unit consisted of a share of common stock, and a warrant to acquire...

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Allegheny Technology earns $1.66 a share in quarter

NEW YORK (MarketWatch) -- Allegheny Technologies Inc. said Wednesday that second-quarter earnings were $168.9 million, or $1.66 a share, compared with $206.5 million, or $2.00 a share, in the year-ago period. Sales were $1.46 billion, compared with $1.47 billion a year ago. The average of analysts estimates polled by FactSet Research was for earnings per share of $1.54 by the specialty metals company....

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Vorskla Steel to Supply Materials to Bulgaria's Kremikovtsi

Bulgaria's infamous steel mill Kremikovtsi has officially signed the contract with "Vorskla Steel" for the production of steel with materials supplied by the Ukrainian company. The announcement was made by the Chair of the Federation "Metallurgy" from the "Podkrepa" Trade Union, Lyudmil Pavlov. "T...

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Precision Castparts has record Q1

Precision Castparts Corp. on Tuesday reported record-high first-quarter sales and earnings figures driven by strong demand from the energy and aerospace industries for the company's metal products. (PCP)

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Breaking News: Franklin (FMNJ) CEO Returns to Bolivia; SGS of Canada’s Lab Analysis of Escala Mine Indicates Significant Silver and Zinc Content

LAS VEGAS, NV–Jul 22, 2008 — Franklin Mining, Inc. Chairman and President William A. Petty has returned to Bolivia to review and discuss the Escala’s laboratory analysis and metallurgy reports prior to a full release of the mine’s mineral content. “I am encouraged by the reports and analysis received from the SGS Laboratory in Ontario, Canada. [...]

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Reliance Steel & Aluminum Co. Declares 2008 Third Quarter Dividend Payment

LOS ANGELES--(BUSINESS WIRE)--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that on July 16, 2008, its Board of Directors declared a regular quarterly cash dividend of $.10 per

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Precision Castparts Corp. net rises 22%

NEW YORK (MarketWatch) -- Precision Castparts Corp. on Tuesday said first-quarter net income climbed to $275.8 million, or $1.95 a share, from $226.4 million, or $1.61 a share in the year-ago period. The Portland, Ore. metal components maker said sales for the three months ended June 29 rose to 11% to $1.8 billion. Analysts surveyed by FactSet forecast earnings of $1.94 a share on revenue of $1.8...

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Mueller Industries, Inc. Reports Second Quarter 2008 Earnings

MEMPHIS, Tenn., July 22 /PRNewswire-FirstCall/ -- Harvey L. Karp, Chairman of Mueller Industries, Inc. (NYSE: ), announced today that Mueller's net income in the second quarter of 2008 was $27.0 million, or 72 cents per diluted share. This compares with $36.4 million, or 98 cents per diluted share, for the same period of 2007. Net sales for the second quarter of 2008 were $753.5 million compared with...

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Metal-Press Maker Aida Engineering To Open Russian Branch

Metal-Press Maker Aida Engineering To Open Russian BranchTOKYO (Nikkei)--Press-machine manufacturer Aida Engineering Ltd. (6118) plans to set up its first branch office in Russia this fiscal year.