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HazenTec changes hands
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Inco nickel 'this month' from Voisey's Bay CANADIAN nickel producer Inco is on track to ship its first delivery of nickel concentrate from its major development project at Voisey's Bay in Labrador this month, ahead of the planned schedule. Concentrate production began at the $700 million facility last month. "We're off and running," said Inco Chairman and CEO Scott Hand. "Our plan to be the world's leading nickel company is becoming reality." With Inco's Voisey's Bay project, its Goro nickel-cobalt project now under construction in New Caledonia, and an expansion to its existing PT Inco operations in Indonesia, the company plans by 2009 to have increased its nickel production by 35 per cent from its record 2004 production.
"Nickel concentrate from Voisey's Bay will dramatically decrease our need for external feed and will have a very positive impact on Inco's cash flow and overall costs of producing nickel," said Peter Jones, Inco President and chief operating officer. Production from Voisey's Bay in 2006 is currently expected to be approximately 110 million pounds of nickel in concentrate. The project will also produce cobalt and copper, including copper in concentrate. One of the richest nickel-coppercobalt finds in the world, the Voisey's Bay deposit is located approximately 35 kilometres southwest of Nain in northern Labrador. It consists of a series of individual nickel-coppercobalt deposits known as Reid Brook, Discovery Hill, Ovoid
and Eastern Deeps. The Ovoid is close to the surface and presents a classic opportunity for open pit mining. The other deposits are deeper, requiring conventional underground mining techniques. The Ovoid has proven ore reserves of almost 32 million tonnes consisting of 2.83 per cent nickel, 1.68 per cent copper and 0.12 per cent cobalt. The other deposits are estimated to contain at least 118 million tonnes of indicated and inferred reserves. Additional exploration, including underground assessment, will be needed to assess the full extent and value of these resources. • Inco has split iits global operations into two units -AsiaPacific, based in Australia, and North America/Europe, based in Canada.
Quality ‘assured for 15 years’
HazenTec changes hands THE assets of HazenTec, L.C., Hazen, Ark., have been sold to a private investment corporation whose shareholders are connected to MNP Corp., Utica, Mich., a major supplier of industrial fasteners. The company will operate as Hazen Powder Parts and specialize in high-strength PM parts made from steel, stainless steels, and magnetic materials. Originally founded in 1983 by Remington Arms, HazenTec was purchased by Capstan Industries in 1994, and changed hands again in 1998. The company has about 150 employees and will retain the same management staff. MNP is a privately held company with about 1,000 employees in more than 18 plants in Michigan, Ohio, Pennsylvania, and Illinois. It supplies OEMs and Tier 1 companies with screws, rivets, and critical engine fasteners such as bolts for connecting rods and main bearing caps.
Results up for Miba
MALVERN Instruments has introduced a new batch of Quality Audit Standards for confirming the performance of the company's range of particle size analysers. It should assure continuity of supply until 2020. The new batch of standards was commissioned from independent specialist Whitehouse Scientific which designed and produced a new high-capacity spinning riffler specifically for the task. Starting with a master batch of 1000 kg of glass beads with a size distribution from 13 microns to 130 microns, Whitehouse successfully split this bulk material through various riffling stages into final lots of 2.5g and 0.25g single shot bottles. The standard deviation obtained from a comprehensive series of bottle-to-bottle particle size measurements was 0.2 per cent to 0.3 per cent.
6
MPR November 2005
AUSTRIA'S Miba reported fiscal half-year results with sales increased 7 per cent to 178.4 million. Based in Laakirchen, the company has three groups - PM parts, bearings, and friction products and about 2,740 employees. Miba's Sinter Group (PM parts) generated 45 per cent of sales revenue, followed by the Bearing Group at 37.6 per cent, and the Friction Group at 16.8 per cent. The company's earnings before taxes gained 6 percent to 16.8 million, while cash flow decreased from 20 to 18.5 million.
metal-powder.net
Inco nickel 'this month' from Voisey's Bay CANADIAN nickel producer Inco is on track to ship its first delivery of nickel concentrate from its major development project at Voisey's Bay in Labrador this month, ahead of the planned schedule. Concentrate production began at the $700 million facility last month. "We're off and running," said Inco Chairman and CEO Scott Hand. "Our plan to be the world's leading nickel company is becoming reality." With Inco's Voisey's Bay project, its Goro nickel-cobalt project now under construction in New Caledonia, and an expansion to its existing PT Inco operations in Indonesia, the company plans by 2009 to have increased its nickel production by 35 per cent from its record 2004 production.
"Nickel concentrate from Voisey's Bay will dramatically decrease our need for external feed and will have a very positive impact on Inco's cash flow and overall costs of producing nickel," said Peter Jones, Inco President and chief operating officer. Production from Voisey's Bay in 2006 is currently expected to be approximately 110 million pounds of nickel in concentrate. The project will also produce cobalt and copper, including copper in concentrate. One of the richest nickel-coppercobalt finds in the world, the Voisey's Bay deposit is located approximately 35 kilometres southwest of Nain in northern Labrador. It consists of a series of individual nickel-coppercobalt deposits known as Reid Brook, Discovery Hill, Ovoid
and Eastern Deeps. The Ovoid is close to the surface and presents a classic opportunity for open pit mining. The other deposits are deeper, requiring conventional underground mining techniques. The Ovoid has proven ore reserves of almost 32 million tonnes consisting of 2.83 per cent nickel, 1.68 per cent copper and 0.12 per cent cobalt. The other deposits are estimated to contain at least 118 million tonnes of indicated and inferred reserves. Additional exploration, including underground assessment, will be needed to assess the full extent and value of these resources. • Inco has split iits global operations into two units -AsiaPacific, based in Australia, and North America/Europe, based in Canada.
Quality ‘assured for 15 years’
HazenTec changes hands THE assets of HazenTec, L.C., Hazen, Ark., have been sold to a private investment corporation whose shareholders are connected to MNP Corp., Utica, Mich., a major supplier of industrial fasteners. The company will operate as Hazen Powder Parts and specialize in high-strength PM parts made from steel, stainless steels, and magnetic materials. Originally founded in 1983 by Remington Arms, HazenTec was purchased by Capstan Industries in 1994, and changed hands again in 1998. The company has about 150 employees and will retain the same management staff. MNP is a privately held company with about 1,000 employees in more than 18 plants in Michigan, Ohio, Pennsylvania, and Illinois. It supplies OEMs and Tier 1 companies with screws, rivets, and critical engine fasteners such as bolts for connecting rods and main bearing caps.
Results up for Miba
MALVERN Instruments has introduced a new batch of Quality Audit Standards for confirming the performance of the company's range of particle size analysers. It should assure continuity of supply until 2020. The new batch of standards was commissioned from independent specialist Whitehouse Scientific which designed and produced a new high-capacity spinning riffler specifically for the task. Starting with a master batch of 1000 kg of glass beads with a size distribution from 13 microns to 130 microns, Whitehouse successfully split this bulk material through various riffling stages into final lots of 2.5g and 0.25g single shot bottles. The standard deviation obtained from a comprehensive series of bottle-to-bottle particle size measurements was 0.2 per cent to 0.3 per cent.
6
MPR November 2005
AUSTRIA'S Miba reported fiscal half-year results with sales increased 7 per cent to 178.4 million. Based in Laakirchen, the company has three groups - PM parts, bearings, and friction products and about 2,740 employees. Miba's Sinter Group (PM parts) generated 45 per cent of sales revenue, followed by the Bearing Group at 37.6 per cent, and the Friction Group at 16.8 per cent. The company's earnings before taxes gained 6 percent to 16.8 million, while cash flow decreased from 20 to 18.5 million.
metal-powder.net