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Arrium to book $320m write-off amid iron ore pain, flags asset sales

2015-06-15 11:34:14| Industrial Machines - Topix.net

Arrium boss Andrew Roberts declared the indebted steel and mining group "certainly has a future" after the company said it expects to book a $320 million write-down due to the falling iron ore price and announced a review to consider asset sales and debt restructuring. In January, Arrium announced more than 500 job losses and $1.3 billion in write-downs associated with shutting its high cost Southern Iron mining operation in South Australia to stem losses caused by the collapse in iron ore prices.

Tags: book sales pain iron

 

Ellen Hall Joins Iron Mountain as Global Head of Real Estate Investment

2015-06-14 07:00:57| Real Estate - Topix.net

Iron MountainA Incorporated , the storage and information management company, today announced that Ellen Hall, formerly of Prologis, has joined the company as its Global Head of Real Estate Investment. Hall will report directly to Iron Mountain's Chief Financial Officer Rod Day.

Tags: real estate head global

 
 

Thor Industries: Strike While The Iron Is Hot

2015-06-06 14:21:48| Mobile Homes - Topix.net

Thor Industries has seen a backlog for the last few years, but now the company is starting to catch up and for positive reasons. Considering the favorable macroeconomic climate and no signs that the company is really slowing down, take advantage of the selloff and do some buying.

Tags: hot industries iron strike

 

New Blue Angel Sewage Product Line Featuring Cast Iron and Switch Options Being Built in the USA

2015-06-05 12:31:13| Industrial Newsroom - All News for Today

Harrison, OH Blue Angel Pumps today announced that their new line of commercial grade sewage pumps are being built in the USA, with enhanced features such as cast iron components and several switch options, including automatic, manual, as well as tether and vertical float switches for tight spaces.  These high...

Tags: the line product options

 

Black Iron insider Buys C$383,241.08 in Stock

2015-06-04 15:46:33| Paper - Topix.net

Black Iron insider Stan Bharti purchased 7,680,182 shares of the company's stock on the open market in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of C$0.05 per share, with a total value of C$383,241.08.

Tags: black stock iron insider

 

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