latest news releases from the newsroom
Impala Platinum Holdings Ltd.
Implats Production Update
JOHANNESBURG, South Africa, June 14, 2006 (PRIMEZONE) -- Shareholders are advised that Implats' headline earnings per share for the full year ending 30 June 2006 are still expected to be 20 - 30% higher than that of the last financial year as announced at the interim results in February 2006. This is lower than market expectation as a result of lower than anticipated production.
The Jordan Company L.P.
The Jordan Company's Resolute Fund Acquires Jixi and Jiamusi Coal Mining Machinery Companies in China
NEW YORK, June 14, 2006 (PRIMEZONE) -- The Jordan Company, L.P. ("Jordan") today announced that International Mining Machinery Limited, a company formed by Jordan and Beijing based co-investors Emory Williams and John Lee, has completed the acquisitions of 100% of Jixi Coal Mining Machinery Co., Ltd. ("Jixi") and 100% of Jiamusi Coal Mining Machinery Co., Ltd. ("Jiamusi"). Jixi and Jiamusi were acquired from the Heilongjiang Coal Mining Machinery Group Co., Ltd., a State Owned Enterprise ("SOE") owned by the Heilongjiang State-Owned Assets Supervision and Administration Commission ("SASAC"). Jordan is the first U.S. Company to complete an acquisition of 100% of an SOE in Heilongjiang Province through restructuring as part of China's Northeast Region Revitalization Program. The acquisitions were funded by equity capital provided by The Resolute Fund, L.P., a private equity fund managed by Jordan.