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GE Completes Acquisition of Lufkin Industries

GE Oil & Gas (NYSE: GE) announced that it has completed its acquisition of Lufkin Industries, Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears based in Lufkin, Texas, for approximately $3.3 billion. The move broadens GE Oil & Gas’ artificial lift capabilities with solutions for a wider variety of well types and technology for production automation and optimization in the drilling industry.

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Alcoa and RUSNANO: MoU to Produce Aluminum Drill Pipe with Antiwear Coating for the Oil and Gas Market

Alcoa (NYSE:AA) and OJSC RUSNANO will produce technologically advanced oil and gas aluminum drill pipe finished with a life-extending antiwear coating under a Memorandum of Understanding (MOU) signed by the companies today. With the help of the Alcoa Technical Center, the parties intend to pursue the potential application of a nanotechnology-based coating for the aluminum drill pipe to enhance its wear resistance in harsh corrosive drilling environments.

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Victaulic Introduces AGS Full Flow Fittings with Vic-Rings for Mining Piping Systems

Victaulic, the world's leading manufacturer of mechanical pipe-joining systems, introduces AGS Full Flow Fittings with Vic-Rings, a line of grooved carbon steel pipe fittings for abrasive applications in the mining industry. The fittings are designed for use with the AGS (Advanced Groove System) Vic-Ring System, which simplifies the installation and extends the service life of large-diameter abrasive service piping systems.

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Deutsche Rohstoff AG: Anleihe über EUR 100 Millionen zur Finanzierung des Horizontalbohrprogramms von Tekton Energy

- Zinssatz 8,00 Prozent/Zeichnungsstart am 26. Juni

Die Deutsche Rohstoff AG hat heute die Details zu ihrer geplanten Anleihe im Segment Entry Standard der Frankfurter Wertpapierbörse bekanntgegeben. Die Anleihe (WKN A1R07G, ISIN: DE000A1R07G4) hat ein Volumen von bis zu EUR 100 Millionen bei einer Laufzeit von fünf Jahren. Sie wird fest mit 8,00 %/Jahr verzinst. Die Zinszahlungen erfolgen halbjährlich, erstmals voraussichtlich am 11. Januar 2014. Creditreform Rating hat der Deutsche Rohstoff die Ratingnote BB+ erteilt.

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BP: Active Cleanup from Deepwater Horizon Accident Ends in Florida, Alabama and Mississippi

Following the extensive three-year cleanup effort, the U.S. Coast Guard is ending active cleanup operations in Mississippi, Alabama and Florida and announced that the three states are expected to complete the transition back to the National Response Center (NRC) reporting system by mid June 2013. The announcement is the result of the extraordinary progress made cleaning the Gulf of Mexico shoreline.

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STEINERT: Growth continues

The year 2012 was a period of growth for STEINERT, a full-range supplier of magnet- and sensor-based sorting solutions for the recycling and mineral industries. Group turnover, employee numbers and the degree of global networking all continued to increase.

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Runge LLC now part of the world’s largest independent group of technical experts as RungePincockMinarco LLC

Runge LLC change to RungePincockMinarco LLC, a change that forms part of the company’s global rebrand.
RungePincockMinarco CEO, Richard Mathews said, “This name change sees Runge, the leader in mining software technology solutions; Pincock Allen & Holt, the leader in mining advisory in the Americas; and Minarco-MineConsult, Asia-Pacific’s leading independent advisor in capital markets all uniting under a single global brand.”

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Walter Energy Files Investor Presentation with the SEC

Walter Energy, Inc. on April 5, filed a presentation with the Securities and Exchange Commission that it used in a meeting with the proxy advisory service Institutional Shareholder Services Inc. and will be using with Walter Energy shareholders in advance of its Annual Meeting to be held on April 25, 2013.

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Smico/Symons Screens Names Alan Odgers Vice President Smico

Smico/Symons Screens recently named Alan Odgers as vice president of the Oklahoma City-based manufacturer that specializes in custom vibratory screens, feeders, conveyors, and wear parts for the mining, aggregate, processing, milling, oil drilling, recycling, bulk handling, and food processing markets.

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Midway Receives a Key Permit for Pan Gold Project, White Pine county, Nevada

Midway Gold Corp. announces receipt of a key permit required for production at its Pan Gold Project in Nevada. A Water Pollution Control Permit has been received from the State of Nevada. This announcement closely follows publication of the Draft Environmental Impact Statement (DEIS). The Pan project is on track to start construction in late 2013 with production targeted for mid-2014.

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