Taylor oversaw Carpenter's strip and bar products including Carpenter's line of nickel-iron controlled expansion alloys such as Kovar, Invar, Super Invar 32-5, Alloy 42, Alloy 46, Alloy 48, and Alloy 52; as well as the company's soft magnetic alloys such as Hiperco 50 & 50A, Vim Var Core Iron
, High Permeability 49, and HyMu 80.
Production from this facility is a major milestone in Cliffs' plan to develop a significant ferrous metallics business to complement its core iron
ore pellet business.
The proceeds of the Placing will, primarily, assist the Company to fund work on the Tete Pre-Feasibility Study ("PFS") on its core iron
ore assets in Mozambique.
The agreement will allow Centaurus to unlock value of the copper-gold assets in Brazil while maintaining focus on their core iron
Brinzo, chairman and chief executive officer elect, said, "Promotion of these exceptional executives is consistent with our objective of nurturing our core iron
mining business and leading organizational change to achieve our aggressive improvement objectives.
This arrangement allows Dynasty shareholders to retain an interest in these greenfield projects without Dynasty losing focus on its core iron
The sale of our Albion facility allows us to concentrate on our core iron
casting and machining capability," Grimm said.
For the year to March 2002, all the major steelmakers but Kawasaki estimate overall sales to dip in fiscal 2000 with sluggish sales in their core iron
and steel businesses.
Unfortunately, the decline in earnings from our core iron
ore pellet business was not offset by any contribution from our just completed HBI venture in Trinidad.
Commenting today, Ben James, Baobab's Managing Director, said: 'The Company's decision to add value on site through the production of pig iron is due to the Project's unique and strategic position at the confluence of core iron
and steel making commodities, namely iron ore, coal, power and water.
Carrabba, Cliffs' President and Chief Operating Officer, stated: "Don's impressive acumen in all aspects of our core iron
ore business, as well as his in-depth financial, marketing and administrative experience, make him ideally suited for his new role.
We will now be able to refocus valuable technical and leadership resources on the growth of our core iron
manifold operations and eliminate a drain on cash resources and future profitability at the same time," said Ray Finnie, President and C.