Oil-Dri’s Increase in Spending on Cat Litter Promo Results in a Loss

Oil-Dri Corporation of America of Chicago, IL has announced net sales of US$64.2 million for its third quarter ended April 30, 2016 compared with US$65.2 million in the same period of 2015. The company announced a net loss of US$892,000 compared with a net income of US$1.38 million in the 2015 period. However, for the...

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Syrah Resources Raises Funds for Balama Graphite Project

Syrah Resources Ltd of Australia has announced a fully underwritten equity raising for gross proceeds of approximately AUS$194 million (US$143 million) via an institutional placement to professional and sophisticated investors. The proceeds will be used to complete the development of the Balama graphite project in Mozambique. The proceeds will be used to complete the development...

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Rogue Buoyed by Silica Resource Estimate

Rogue Resources Inc of Vancouver, BC has announced the initial silica resource estimate for its Silicon Ridge project in Quebec. The estimate, prepared by Met-Chem Canada, includes a pit constrained measured and indicated resource of 9.7 million tonnes, grading 98.6% SiO2 and an inferred resource of 4.6 million tonnes grading 98.6% SiO2. Sean Samson, Rogue...

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Hexion Expands Proppant Coating Facility in Alberta

The Oilfield Technology Group (OTG) of Hexion Inc has announced the expansion of its resin coated proppant manufacturing facility in Sturgeon County, Alberta. The company says that the expansion will significantly increase capacity and logistics capability to efficiently service the Canadian market. The project includes the purchase of additional land for the installation of track...

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MGX Acquires Pilot Plant to Process Magnesite

MGX Minerals Inc of Vancouver, BC has acquired, on a trial basis with an option to purchase, a full-scale pilot plant mill from CMC Metals Ltd. The mill equipment includes a jaw crusher, ball mill, flotation cells, cyclone dewatering equipment and a tailings filtration and thickener system. The mill is currently on care and maintenance...

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