Atlas Consolidated Mining And Development Corp : Clarifies on news article entitled “denr cancels 75 mining contracts” posted in Manila Bulletin . Informs that co and its subsidiaries are not stated in the said news article . News article has no material impact on the company's business, operations and financial condition .Co did not received notice from DENR regarding mine cancellations.
Ji Lin Ji En Nickel Industry Co Ltd <600432.SS>:Says it resolved to dissolve a wholly owned Jilin-based investment subsidiary.
Allegheny Technologies Inc : Allegheny technologies announces actions to improve future financial performance . Actions are expected to improve ATI's annual operating income by about $50 million beginning in 2017 . Total charges from actions, including tax valuation allowance, are expected to be $4.89 per share . In addition, actions are expected to generate about $50 million of cash flow from lower managed working capital . Expects to record total pre-tax, non-cash impairment charges of about $470 million for idled facilities . Expects to record pre-tax shutdown and idling costs of about $34 million ($23 million after tax, or $0.22 per share) . ATI's Rowley, UT titanium sponge facility will be idled by end of 2016 . As a result of actions, expects total pre-tax, non-cash impairment charges of about $470 million for idled facilities . $4.83 per share of total charges from actions is expected to be recognized in Q3 2016 and remainder in Q4 2016 . Will also record about $183 million, or $1.71 per share, in non-cash income tax valuation allowances related to U.S. Federal tax benefits . Consolidating certain higher cost titanium hot-working operations in Albany . Total charges expected to be $4.89 per share, of which $4.83 per share expected to be recognized in Q3, remainder in Q4.
Sichuan Western Resources Holding Co Ltd <600139.SS>:Says the co plans to dissolve three wholly owned units, comprised of an investment firm, a cultural media firm and a network tech firm.
GME Resources Ltd : Says company is now debt free and has sufficient working capital to fund the project through to completion . Company has now repaid the $1.5 million standby funding facility provided by zeta resources ltd for the development of Devon gold mine .
Bacanora Minerals Ltd : Bacanora announces proposed re-domicile to the UK . All existing shares in Bacanora will be exchanged for ordinary shares in Bacanora Lithium Plc which will become new holding co for group .To facilitate re-domicile, all existing common shares in Bacanora will be exchanged for ordinary shares in Bacanora lithium plc.
Sichuan Hongda <600331.SS> Co., Ltd:Says it will close 51 percent stake owned unit in Panzhihua City with a registered capital of 100 million yuan.