Molycorp (MCP) is known as the emerging US based rare earth metals miner and the stock has soared in anticipation of successful mining of these important metals in the coming years. However, the company has some other revenue streams in the works. The company on Friday announced that its rare earth metals based water purification technology was available for commercial use.
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Mark Smith, Chief Executive … Read the rest
ABB just announced that it has been awarded a $28 million order for providing power and automation solutions for an Algerian water project in the Saharan city of Tamanrasset. The project will bring 50,000 cubic meters of water to Tamanrasset from an aquifer approximately 750 km away.
ABB will design, engineer, supply and commission the electrical, control and instrumentation systems. The company will also provide a 220 kilovolt substation and important equipment like transformers, switchgear … Read the rest
According to StreetInsider.com, Brean Murray maintains its Buy rating on Calgon Carbon (CCC) but is lowering the price target from 24 to 20.
“Calgon Carbon reported 3Q08 results that were below our estimates. Sales in the quarter of $99.1 million were up 16.7% YoY, but slightly missed our estimate of $102.6 million. Strong sales in the Activated Carbon and Service (up 17.8% YoY) segment drove the growth. An increase of equipment sales of 26% … Read the rest