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2007 News
Articles
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Alcoa Profit
Pinched by Cost Pressures 10/10/07
Article from the Wall Street Journal online.
http://online.wsj.com/article/SB119195876557053686.html
"Their underlying business is softening and the costs are rising, so
they are losing on both ends," said John Tumazos, an analyst with Very
Independent Research LLC. "The fourth quarter is going to be worse if
prices continue to fall."
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Alcoa Puts
Faith in Ex-Siemens CEO 8/16/07
Article from the Wall Street Journal online
http://online.wsj.com/article/SB118718229500198395.html
"The fundamental decision [Mr. Kleinfeld will] have to make is whether
to sell the company or build the company," says John Tumazos, a former
senior metals analyst with Prudential who now has his own firm, Very
Independent Research. Mr. Tumazos said he believes the company could remain
independent because demand for aluminum world-wide remains strong. Moreover,
the fallout in the credit markets has put a damper on deals for the
foreseeable future, especially those involving private-equity firms.
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Wheeling's
Losses May Complicate Esmark Deal 8/10/07
Article from the Wall Street Journal online
http://online.wsj.com/article/SB118671775119994080.html
"Being told that there are doubts about it as a going concern doesn't
make it any easier to close financing, particularly given all the issues
with subprime lending right now," said John Tumazos, an independent
steel industry analyst.
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Annual JTVIR Metal Conference- April 1 and 2, 2008
(March 27) Location;
New York Helmsley
Participating Companies
aseko Mines, Mercator Minerals, Duluth Metals, Northern
Dynasty and probably Agnico-Eagle Mines, Virginia Mines (Andre Gaumond President
and CEO), Franconia Minerals, Polymet Mining,
Selkirk Minerals, Quaterra Resources, SKYE Resources, and more to come to a maximum of 20.
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Mining Article from Fortune
Magazine 11/21/07
Article
from cnn.com
http://money.cnn.com/2007/11/21/news/minnesota_mining.fortune/?postversion=2
(Fortune Magazine) -- Until recently it seemed that Bob
Dylan's ballad "Girl From the North Country" would be the last vestige of
northern Minnesota's mining culture. The onetime world capital of iron ore
had buckled under competition from foreign mines, with layoffs beginning in
the 1980s and culminating in the 2001 bankruptcy of its second-biggest mine.
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