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
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
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.’
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.
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
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.