Attachment
Allegheny Technologies Incorporated (NYSE: ATI) announced that it has selected Siemens VAI Metals Technologies (Siemens Industry, Inc.) to design, engineer, and supply the hot-rolling mill for ATI Allegheny Ludlum’s Brackenridge, PA new advanced specialty metals hot-rolling and processing facility. As previously announced, the total cost of the facility, including the hot-rolling mill, is estimated to be approximately $1.16 billion and will take approximately four years to complete. The new facility is designed to produce ATI’s flat-rolled titanium and titanium alloys, nickel-based alloys and specialty alloys, grain-oriented electrical steel, zirconium alloys, and stainless alloys for sheet, strip, Precision Rolled Strip® products, and continuous-mill plate product forms.
About Allegheny Technologies Inc.
ATI is one of the largest and most diversified specialty metals producers in the world with revenues of $3.1 billion during 2009. ATI has approximately 8,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, and forgings and castings.
The Allegheny Technologies website is www.ATImetals.com.
American Lithium Minerals, Inc. (OTC.BB:AMLM)
About American Lithium Minerals
American Lithium is a U.S.-based mineral exploration company focused on the development of lithium and boron resources in Nevada. The company’s key objective is to develop world-class lithium projects that will capitalize on surging demand for lithium-ion batteries, particularly for hybrid and electric vehicles. Lithium is a high-priority and strategic mineral for the U.S. The country’s green energy legislation and long-term energy policies depend on developing a vibrant, domestic lithium-ion battery manufacturing sector. The Borate Hills Project is the Company’s current primary focus, however it is also active in grassroots exploration for lithium deposits in the Great Basin of the United States with ten other highly prospective projects in Nevada and Utah.
For more information visit : http://www.americanlithium.com
Peabody Energy (NYSE:BTU) announced that it has completed a new five-year senior unsecured credit facility to replace its existing facility that was scheduled to mature in September 2011. The new facility includes a $1.5 billion revolver and $500 million term loan.
“This new credit facility reflects our financial strength and the confidence of the credit markets in Peabody,” said Executive Vice President and Chief Financial Officer Michael C. Crews. “We are pleased to have a consortium of lenders from four continents that complements the company’s international growth strategies.”
About Peabody Engergy
BTU is the world’s largest private-sector coal company and a global leader in clean coal solutions. With 2009 sales of 244 million tons and $6 billion in revenues, Peabody fuels 10 percent of U.S. power and 2 percent of worldwide electricity, lighting cities on six continents. Peabody is energizing the world, one Btu at a time.
For More Information on BTU visit: http://www.peabodyenergy.com
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