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World news round-up 31 July 2014

Newell, Blaze Recycling to merge; Progressive Waste Q2; Specialty steel plant to close in Brazil; WEEE phone recycling plant in Ivory Coast

Newell Recycling, Blaze Recycling to merge

US-based Newell Recycling is to merge with Blaze Recycling & Metals of US and will be known as ‘Newell Recycling Southeast’. Financial details of the transaction remain undisclosed. The deal is likely to close in August.

Atlanta Business Chronicle

http://bit.ly/1lV9uVy

Progressive Waste’s profit climbs 28% in second quarter

Canadian company Progressive Waste Solutions saw its net profit jump 28% year-on-year to C$40.9m (£22.3m) in the second quarter of 2014. Operating income for the three months stood at $78.1m over same period last year. In the first six months of 2014, net income surged 8% year-on-year to $66.8m, while revenue plunged 2% to $983.3m from $1bn in first half of 2013.

Solid Waste & Recycling

http://bit.ly/1ztKpcG

Brazil’s Gerdau to close Sorocaba steel plant

Brazilian steel making company Gerdau will shut down its speciality unit in Sorocaba, São Paulo by September. The steelmaker is to shift its rolled steel output volume to the Mogi das Cruzes plant. The decision is a result of the need to optimise operations in the company’s special steel division in the face of ‘the complex scenario experienced by the steel industry in Brazil and globally.’

BN Americas

http://bit.ly/1s1Ak4f

Newmont gives go-ahead to build gold mine in Suriname

US gold producer Newmont Mining has given approvals for the construction of Suriname’s Merian mine at a cost of as much as $1bn (£589m). The project is likely to begin in 2016 and total capital invested will be about $1bn.

Bloomberg

http://bloom.bg/1uG3zx2

End-of-life phone collection unit in Ivory Coast

French mobile phone network provider Orange has installed its fifth WEEE phone recycling facility in Africa in Abidja, Ivory Coast. The latest unit sent a container loaded with 10 tonnes of mobile waste to France for recycling.

Waste Management World

http://bit.ly/1k6zt14

Singapore to develop technology to deal with waste

Singapore is to implement a sustainable system to tackle waste management until 2050 with recycling targets achievable if the government assists by investing in technology.

Investvine

http://bit.ly/1qkHq0M

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