Mammoth Enters Agreement to Buy Sturgeon/Taylor Frac

Mammoth Energy Services Inc of Oklahoma City, OK has entered into definitive agreements to acquire Sturgeon Acquisitions LLC (which owns Taylor Frac LLC), Taylor Real Estate Investments LLC, and South River Road LLC, Stingray Energy Services LLC and Stingray Cementing LLC for seven million shares of common stock. Mammoth anticipates closing the transactions in May...

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Talison Approves Doubling of Greenbushes Capacity

Albemarle Corp of Charlotte, NC has announced that Talison, a joint venture between Albemarle and Tianqi Lithium Corp, has approved the expansion of lithium concentrate production at its Greenbushes, Australia spodumene mine. Greenbushes is the world’s largest active hard rock lithium mine. It has the largest hard rock lithium reserve and contains the highest concentration...

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Ferroglobe Reports Loss as Prices Stabilize and Demand Strengthens

Ferroglobe plc of London, England has announced a fourth quarter 2016 net loss of US$44.4 million on revenue of US$394.4 million and for the full year a net loss of US$156.7 million on revenue of US$1.58 billion. The company’s total shipments in the fourth quarter were 240,575 tonnes and 911,847 tonnes for the full year....

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Nabaltec Concludes Agreement to Buy Balance of Nashtec Operation

Nabaltec AG of Germany has concluded an agreement to acquire the 49% membership interest in the Nashtec LLC joint venture held by Allied Alumina LLC, an affiliate of Sherwin Alumina Co. Sherwin filed for bankruptcy in January 2016 and subsequently wound down its operations and sold substantially all of its assets to Corpus Christi Alumina...

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AkzoNobel Rejects Second Takeover Offer from PPG

AkzoNobel NV of The Netherlands has rejected a second unsolicited, non-binding and conditional proposal from PPG Industries Inc of Pittsburgh, PA for all of the issued and outstanding shares in its capital. AkzoNobel’s boards unanimously rejected the latest offer and says that it does not warrant its engagement with PPG. Tom Buchner, AkzoNobel’s CEO, said,...

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