ASQ - Australian Silica Quartz Group
- Thread starter Lucky_Country
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FOR IMMEDIATE RELEASE
Mandi Ross
703-358-2976
mross@aluminum.org
Aluminum Association Set to Show Huge Benefits of Building with Aluminum
Association will exhibit at METALCON 2009
ARLINGTON, Va., September 30, 2009 (News Release) ”” The Aluminum Association’s (AA) Building and Construction (B&C) Committee is ready to show how aluminum is driving the green building industry. The Association will exhibit at METALCON 2009, which will take place October 6-8, 2009 at the Tampa Convention Center, 333 South Franklin Street in Tampa, Florida.
Aluminum is durable, flexible, recyclable, and strong making it the material of choice for builders around the globe. In fact, today companies are working harder than ever to be more environmentally conscious. Aluminium building products are made from alloys that are weather-proof, corrosion-resistant and immune to the harmful effects of UV rays. Aluminum’s lightness allows architects to design light structures with more stability and the means to meet required performance specifications, while minimizing expenditure on foundations. Chuck Johnson, AA’s Director of Environment, Health & Safety will be on-site to promote this information and more at METALCON, booth #104.
METALCON will feature more than 8,000 professionals from over 50 countries. Attendees and exhibitors include architects, engineers, contractors (roofing, residential and metal building), developers and building owners. The three-day event also includes educational programs with green building topics to serve the growing interest in metal’s key role in improving energy-efficiency in buildings.
The B&C Committee, which is sponsoring this year’s booth, continues to aid sustainability messaging through end-of-life recycling rates and use-phase environmental benefits of aluminum in building and construction applications.
# # #
The Aluminum Association, based in Arlington, Virginia, works globally to aggressively promote aluminum as the most sustainable and recyclable automotive, packaging and construction material in today’s market. The Association represents U.S. and foreign-based primary producers of aluminum, aluminum recyclers and producers of fabricated products, as well as industry suppliers. Member companies operate more than 200 plants in the United States, with many conducting business worldwide.
Mandi Ross
703-358-2976
mross@aluminum.org
Aluminum Association Set to Show Huge Benefits of Building with Aluminum
Association will exhibit at METALCON 2009
ARLINGTON, Va., September 30, 2009 (News Release) ”” The Aluminum Association’s (AA) Building and Construction (B&C) Committee is ready to show how aluminum is driving the green building industry. The Association will exhibit at METALCON 2009, which will take place October 6-8, 2009 at the Tampa Convention Center, 333 South Franklin Street in Tampa, Florida.
Aluminum is durable, flexible, recyclable, and strong making it the material of choice for builders around the globe. In fact, today companies are working harder than ever to be more environmentally conscious. Aluminium building products are made from alloys that are weather-proof, corrosion-resistant and immune to the harmful effects of UV rays. Aluminum’s lightness allows architects to design light structures with more stability and the means to meet required performance specifications, while minimizing expenditure on foundations. Chuck Johnson, AA’s Director of Environment, Health & Safety will be on-site to promote this information and more at METALCON, booth #104.
METALCON will feature more than 8,000 professionals from over 50 countries. Attendees and exhibitors include architects, engineers, contractors (roofing, residential and metal building), developers and building owners. The three-day event also includes educational programs with green building topics to serve the growing interest in metal’s key role in improving energy-efficiency in buildings.
The B&C Committee, which is sponsoring this year’s booth, continues to aid sustainability messaging through end-of-life recycling rates and use-phase environmental benefits of aluminum in building and construction applications.
# # #
The Aluminum Association, based in Arlington, Virginia, works globally to aggressively promote aluminum as the most sustainable and recyclable automotive, packaging and construction material in today’s market. The Association represents U.S. and foreign-based primary producers of aluminum, aluminum recyclers and producers of fabricated products, as well as industry suppliers. Member companies operate more than 200 plants in the United States, with many conducting business worldwide.
http://finance.yahoo.com/news/Alcoa-returns-to-profit-as-apf-3618975448.html?x=0
Alcoa returns to profit as cost cuts, sales help
Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demand
By Daniel Lovering, AP Manufacturing Writer
On 7:36 pm EDT, Wednesday October 7, 2009
Buzz up! 1
Print
Companies: Alcoa, Inc.
PITTSBURGH (AP) -- Painful cost-cutting and rising sales to automakers helped the nation's largest aluminum producer return to profitability for the first time in nine months.
AP - A woman walks into the world headquarters of Alcoa in Pittsburgh, Wednesday, Oct. 7, 2009. Alcoa is ...
Related QuotesSymbol Price Change
AA 14.20 +0.31
Alcoa Inc. on Wednesday also forecast an 11 percent increase in worldwide aluminum demand in the second half of the year, fueled partly by robust growth in China. The lightweight metal is used in everything from airplanes to cars to houses.
Even though Alcoa reported a 71 percent drop in third-quarter profit from a year earlier, the results were a relief after three straight quarterly losses.
"We do clearly see growth, substantial growth ... in China," Alcoa CEO Klaus Kleinfeld told analysts and reporters after the company reported results. "(The) second half of the year is clearly better than the first half in many industries and many regions."
The Pittsburgh-based company said rising demand from several industries, especially automakers, lifted its revenue compared with the prior three months. Sales to automakers jumped 21 percent from the second quarter.
Although North American auto production dropped 20 percent in the third quarter year-over-year, the aluminum content in vehicles may have risen as automakers move to meet higher federal fuel economy standards by making cars and trucks lighter, said Michael Robinet, a vice president at CSM Worldwide, an auto industry consulting firm near Detroit.
Investors cheered the news, sending Alcoa's shares up 5.9 percent in after-hours trade.
Alcoa earned $77 million, or 8 cents per share, for the three months ended Sept. 30. That compared with profit of $268 million, or 33 cents per share, a year earlier.
Revenue tumbled 34 percent to $4.62 billion from the same period a year earlier, but was up 9 percent from the second quarter of 2009.
The latest results partly reflected intense cost-cutting by Alcoa. The company was forced to slash thousands of jobs, sell businesses and curb production as aerospace, automotive and construction companies cut their orders late last year amid the global economic downturn. That pushed up stockpiles of the industrial metal and forced down prices.
Alcoa has cut about 20,000 jobs since the downturn began and currently employs about 63,000 people. It's also reduced its production capacity by about 20 percent.
But just last month, Alcoa boosted its annual forecast for global aluminum consumption, citing stronger demand from China.
Prices for the metal, which strongly influence Alcoa's fortunes, rose about 20 percent to an average of about 80 cents per pound during the quarter compared with the prior three months. But they remained well below record levels of about $1.50 reached a year earlier.
Excluding restructuring charges, Alcoa's earnings in the latest quarter amounted to 4 cents per share, easily beating expectations of a loss of 9 cents per share on revenue of $4.55 billion. Wall Street typically excludes one-time charges in its estimates.
Shares of Alcoa climbed 82 cents to $15.03 in after-hours trade.
AP Auto Writer Tom Krisher in Detroit contributed to this report.
Alcoa returns to profit as cost cuts, sales help
Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demand
By Daniel Lovering, AP Manufacturing Writer
On 7:36 pm EDT, Wednesday October 7, 2009
Buzz up! 1
Companies: Alcoa, Inc.
PITTSBURGH (AP) -- Painful cost-cutting and rising sales to automakers helped the nation's largest aluminum producer return to profitability for the first time in nine months.
AP - A woman walks into the world headquarters of Alcoa in Pittsburgh, Wednesday, Oct. 7, 2009. Alcoa is ...
Related QuotesSymbol Price Change
AA 14.20 +0.31
Alcoa Inc. on Wednesday also forecast an 11 percent increase in worldwide aluminum demand in the second half of the year, fueled partly by robust growth in China. The lightweight metal is used in everything from airplanes to cars to houses.
Even though Alcoa reported a 71 percent drop in third-quarter profit from a year earlier, the results were a relief after three straight quarterly losses.
"We do clearly see growth, substantial growth ... in China," Alcoa CEO Klaus Kleinfeld told analysts and reporters after the company reported results. "(The) second half of the year is clearly better than the first half in many industries and many regions."
The Pittsburgh-based company said rising demand from several industries, especially automakers, lifted its revenue compared with the prior three months. Sales to automakers jumped 21 percent from the second quarter.
Although North American auto production dropped 20 percent in the third quarter year-over-year, the aluminum content in vehicles may have risen as automakers move to meet higher federal fuel economy standards by making cars and trucks lighter, said Michael Robinet, a vice president at CSM Worldwide, an auto industry consulting firm near Detroit.
Investors cheered the news, sending Alcoa's shares up 5.9 percent in after-hours trade.
Alcoa earned $77 million, or 8 cents per share, for the three months ended Sept. 30. That compared with profit of $268 million, or 33 cents per share, a year earlier.
Revenue tumbled 34 percent to $4.62 billion from the same period a year earlier, but was up 9 percent from the second quarter of 2009.
The latest results partly reflected intense cost-cutting by Alcoa. The company was forced to slash thousands of jobs, sell businesses and curb production as aerospace, automotive and construction companies cut their orders late last year amid the global economic downturn. That pushed up stockpiles of the industrial metal and forced down prices.
Alcoa has cut about 20,000 jobs since the downturn began and currently employs about 63,000 people. It's also reduced its production capacity by about 20 percent.
But just last month, Alcoa boosted its annual forecast for global aluminum consumption, citing stronger demand from China.
Prices for the metal, which strongly influence Alcoa's fortunes, rose about 20 percent to an average of about 80 cents per pound during the quarter compared with the prior three months. But they remained well below record levels of about $1.50 reached a year earlier.
Excluding restructuring charges, Alcoa's earnings in the latest quarter amounted to 4 cents per share, easily beating expectations of a loss of 9 cents per share on revenue of $4.55 billion. Wall Street typically excludes one-time charges in its estimates.
Shares of Alcoa climbed 82 cents to $15.03 in after-hours trade.
AP Auto Writer Tom Krisher in Detroit contributed to this report.
The Bottom Line - Aluminium May Have More Lustre Than Gold
The Bottom Line - Aluminium May Have More Lustre Than Gold [column]
Johannesburg, Oct 09, 2009 (Business Day/All Africa Global Media via COMTEX) --
GOLD has broken records for three successive days, but what about the other metals? And what are their prospects?
The answer to the first question is that gold has, in fact, been the underperformer . Nickel is up almost 200% from its low at the end of last year, zinc 176% and copper 109%.
After such rises , one would not think there was much upside left. But Royal Bank of Scotland has just released its latest Commodity Companion, which speculates that copper will hit record levels in 2013. This is based on a world gross domestic product rebound of 3,6% next year. But such has been the rebound, the bank is expecting commodities to pause for some time before tracking upwards again.
The surprise metal is aluminium, which has rebounded only 40% from its low. Taking the anticipated economic growth into account, together with the fact that aluminium has rebounded the least, it is this metal which may well have the greatest upside over the medium term.
CLIMATE change is often seen as a burden that business must bear. But perhaps it should rather be seen as an opportunity.
And with the United Nations climate change conference in Copenhagen -- which will set targets for reducing carbon emissions -- taking place in December, a sense of urgency would not go amiss.
Richard Worthington, climate change programme manager for the World Wildlife Fund for Nature SA, points out that 80% of SA's emissions are related to energy supply and use. This is high compared with other countries.
In reducing our emissions (and, sooner or later, we will have to, despite the foot-dragging), there is an opportunity to grow the services sector of the economy, Worthington says.
We know that renewable energy developments create more jobs than conventional energy, and many of these jobs are in rural areas -- precisely the places where the most concerted efforts at development are needed.
We also know that climate change will have the most severe effect on the poorest communities, so sustainable development and poverty alleviation should be a priority for SA.
David Hampton, managing partner at London-based consultancy Irbaris, says companies do not have to choose between being successful and being sustainable. Rather, success and sustainability go hand in hand.
Groups that choose to cut carbon footprints often gain competitive advantage and reap the benefits of an enhanced reputation.
Nedbank managed to secure cheaper financing through the International Finance Corporation because of its commitment to sustainability.
SUPER Group 's shareholders have a lot riding on the company's rights issue, considering they spurned the advances of Middle Eastern logistics group Agility.
The share price is a shadow of its former self -- it traded at about R15 barely three years ago and closed at 94c yesterday.
The rights issue promises to clean up Super Group's balance sheet and may console some investors, at least those who take up the offer, which comes at a knocked-down price tag of 45c.
Even if shareholders do not subscribe, Super Group will raise at least R1bn.
Major banks and minority shareholders such as Allan Gray have committed to underwrite the subscription of 2,2-billion shares.
Larry Lipschitz, the former CEO and founder who seems to have been forced out, borrowed heavily and continued making acquisitions -- many of which were outside the company' s core business of supply chain and logistics. The economic crisis has further battered earnings.
But, after the rights issue, many of the liquidity concerns will be put to bed. The net debt, excluding its Australian operation and its full maintenance lease, will drop from R1,29bn to R357m. The trade gearing ratio will decline from 120% to 18%.
The Bottom Line is edited by Colin Anthony.
The Bottom Line - Aluminium May Have More Lustre Than Gold [column]
Johannesburg, Oct 09, 2009 (Business Day/All Africa Global Media via COMTEX) --
GOLD has broken records for three successive days, but what about the other metals? And what are their prospects?
The answer to the first question is that gold has, in fact, been the underperformer . Nickel is up almost 200% from its low at the end of last year, zinc 176% and copper 109%.
After such rises , one would not think there was much upside left. But Royal Bank of Scotland has just released its latest Commodity Companion, which speculates that copper will hit record levels in 2013. This is based on a world gross domestic product rebound of 3,6% next year. But such has been the rebound, the bank is expecting commodities to pause for some time before tracking upwards again.
The surprise metal is aluminium, which has rebounded only 40% from its low. Taking the anticipated economic growth into account, together with the fact that aluminium has rebounded the least, it is this metal which may well have the greatest upside over the medium term.
CLIMATE change is often seen as a burden that business must bear. But perhaps it should rather be seen as an opportunity.
And with the United Nations climate change conference in Copenhagen -- which will set targets for reducing carbon emissions -- taking place in December, a sense of urgency would not go amiss.
Richard Worthington, climate change programme manager for the World Wildlife Fund for Nature SA, points out that 80% of SA's emissions are related to energy supply and use. This is high compared with other countries.
In reducing our emissions (and, sooner or later, we will have to, despite the foot-dragging), there is an opportunity to grow the services sector of the economy, Worthington says.
We know that renewable energy developments create more jobs than conventional energy, and many of these jobs are in rural areas -- precisely the places where the most concerted efforts at development are needed.
We also know that climate change will have the most severe effect on the poorest communities, so sustainable development and poverty alleviation should be a priority for SA.
David Hampton, managing partner at London-based consultancy Irbaris, says companies do not have to choose between being successful and being sustainable. Rather, success and sustainability go hand in hand.
Groups that choose to cut carbon footprints often gain competitive advantage and reap the benefits of an enhanced reputation.
Nedbank managed to secure cheaper financing through the International Finance Corporation because of its commitment to sustainability.
SUPER Group 's shareholders have a lot riding on the company's rights issue, considering they spurned the advances of Middle Eastern logistics group Agility.
The share price is a shadow of its former self -- it traded at about R15 barely three years ago and closed at 94c yesterday.
The rights issue promises to clean up Super Group's balance sheet and may console some investors, at least those who take up the offer, which comes at a knocked-down price tag of 45c.
Even if shareholders do not subscribe, Super Group will raise at least R1bn.
Major banks and minority shareholders such as Allan Gray have committed to underwrite the subscription of 2,2-billion shares.
Larry Lipschitz, the former CEO and founder who seems to have been forced out, borrowed heavily and continued making acquisitions -- many of which were outside the company' s core business of supply chain and logistics. The economic crisis has further battered earnings.
But, after the rights issue, many of the liquidity concerns will be put to bed. The net debt, excluding its Australian operation and its full maintenance lease, will drop from R1,29bn to R357m. The trade gearing ratio will decline from 120% to 18%.
The Bottom Line is edited by Colin Anthony.
Knobby22
Mmmmmm 2nd breakfast
- Joined
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Out of favour at present though the story still holds. May get into the 60s with a bit of luck.
The whole market seems to have run out of steam.
The whole market seems to have run out of steam.
What's Going On!!!!!!!!!!!!!!
Tried with a stockbroker but as I wasn't a client didn't seem interested. So I thought I'd give the forum a go.
03/02/10. 110 trades in bau. 81 were less than 300 shares and most of these under 200 shares. That's about 72% under 300 shares.
12/02/10. 49 trades out of 79 under 900 shares. About 62% under 900 shares.
This has happened plenty of other days but I haven't done the figures.
It smells of some kind of manipulation but I don't understand the method.
Can anyone elaborate as to what is going on and why it is happening?
Thanks.
Ptony1948
Tried with a stockbroker but as I wasn't a client didn't seem interested. So I thought I'd give the forum a go.
03/02/10. 110 trades in bau. 81 were less than 300 shares and most of these under 200 shares. That's about 72% under 300 shares.
12/02/10. 49 trades out of 79 under 900 shares. About 62% under 900 shares.
This has happened plenty of other days but I haven't done the figures.
It smells of some kind of manipulation but I don't understand the method.
Can anyone elaborate as to what is going on and why it is happening?
Thanks.
Ptony1948
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- 29 January 2010
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- 0
Anyone doing anything recent with this? took a big hit today down 30%
i was told to watch it a while ago and never bought in..
i was told to watch it a while ago and never bought in..
Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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- 6,554
The EPA want to do a public submission which will mean the project will be put on ice for an indertiminate time.
The company is saying it is caused by an opposition mining company and they are protesting and asking the EPA to review their decision.
Not good.
The company is saying it is caused by an opposition mining company and they are protesting and asking the EPA to review their decision.
Not good.
Thought I'd flag this for the fact that it is currently valued at $13m BELOW it's cash in bank
Current MC is $41m and cash in bank is $54m.
Yes they have had issues with EPA approvals AND potential IMF litigation - BUT they have moved on from their appeal and perhaps have had some frank discussions with the EPA re what will more likely get approved, given that they have dropped their appeal and lodged a new application for mining a different area.
I'm having a punt on it anyways
Current MC is $41m and cash in bank is $54m.Yes they have had issues with EPA approvals AND potential IMF litigation - BUT they have moved on from their appeal and perhaps have had some frank discussions with the EPA re what will more likely get approved, given that they have dropped their appeal and lodged a new application for mining a different area.
I'm having a punt on it anyways
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Only just happened on this forum by accident whilst trying to find out a little more about BAU'S current state of play. Eight pages of exceptional historic information from all contributors. I have owned this little beauty since sometime in 2008 (33 cents). Have certainly ridden the highs and lows since. I am confident that this stock represents a large chunk of retirement potential for me and look forward to some encouraging announcements from BAU in the new year re: environmental reviews. Thanks for the varied opinions, many of you have echoed my own thoughts at the time of writing.....wish I had discovered this forum to have been able to share them
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14,000,000 shares traded today and a speeding ticket by the asx. was up about 8 cents on yesterdays close at one point. Wondering if it was an institutional buyer or lots of others who have an insight into some exciting things on the horizon for BAU.
Hatemondays,
I bought 300K shares yesterday. I reckon this has potential to go back to 70 cents plus.
Certainly 48 cents within weeks. This story will unfold soon. Largest volume traded on record states to me EPA approvals are very close and the word is out.
50 million in the bank and the last cap raising at 95 cents means this must go up for people to get their money back.
In other words, I am all in.
Mate, you certainly have some money to throw around lioness!! Love your work though, and I also bought in yesterday, albeit not quite as large a chunk as you
Agree that with substantial JV settled there seems little downside now, as long as environmental approvals get given!!Certainly a under value stock, and the new CEO has 3 million out-the-money options at 40c.The only concern I have at this moment is that, they are still in talk with the local residents for further development. Hopefully, all obstacles will be cleared soon. RBC has pick Aluminium for the favour metal to play this year. I reckon once the SP exceeds 40c, it will be sky clear to 80C. DYOR
Mate, you certainly have some money to throw around lioness!! Love your work though, and I also bought in yesterday, albeit not quite as large a chunk as you
Jono, I am topping up on Monday as I expect the T+3 sellers to be burnt in the next few days. You can add another 300K for me in the next 2 days.
No-one turns over this volume without something being close to approved!!
Need to give it 2 weeks though to avoid the ASX ticket!
Certainly a under value stock, and the new CEO has 3 million out-the-money options at 40c.The only concern I have at this moment is that, they are still in talk with the local residents for further development. Hopefully, all obstacles will be cleared soon. RBC has pick Aluminium for the favour metal to play this year. I reckon once the SP exceeds 40c, it will be sky clear to 80C. DYOR
Good pickup earth, when do these options expire??
They will expire in 3 years time, you can find it in the Shareholder letter and Notice of EGM/Proxy Form.
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