On Monday, Tronox Ltd (NYSE:TROX))’s shares declined -0.09% to $10.57.
Tronox Limited (TROX) stated second quarter 2015 revenue of $617 million contrast to $490 million in the second quarter 2014 and $385 million in the first quarter 2015. Adjusted EBITDA was $116 million, not taking into account $49 million of net lower of cost or market (LCM) charges, contrast to $103 million, not taking into account net non-cash LCM credits of $5 million, in the year-ago quarter and $73 million, not taking into account net non-cash LCM charges of $9 million, in the preceding quarter. Adjusted net loss attributable to Tronox Limited in the second quarter was $81 million, or $0.70 per diluted share, as compared to breakeven net income, or $0.00 per diluted share, in the year-ago quarter and a loss of $51 million, or $0.44 per diluted share, in the first quarter 2015.
Titanium Dioxide (TiO2)
TiO2 segment revenue of $409 million was 17 percent lower than $490 million in the preceding-year quarter, primarily the result of lower pigment products sales. Sales of pigment products declined 19 percent, as sales volumes declined 4 percent and average selling prices declined 16 percent (11 percent on a local currency basis). Sales volumes for pigment products rebounded in EMEA, declined in Asia-Pacific and softened modestly in North America as compared to the year-ago quarter. Sales of titanium feedstocks and co-products, counting zircon and rutile, declined 15 percent as compared to the year-ago quarter. Selling prices raised in the 4-6 percent range for titanium feedstocks. Sales volumes raised for CP titanium slag and rutile products declined. Zircon sales volumes remained at normal levels but were lower contrast to very strong sales volumes in the year-ago quarter and selling prices declined modestly.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
Jacobs Engineering Group Inc (NYSE:JEC)’s shares gained 3.18% to $44.60.
Jacobs Engineering Group Inc. (JEC) declared that it was awarded a five-year, multiple use contract by Suncor Energy Services Inc. for turnaround services at Suncor facilities located in the Wood Buffalo region of Alberta, Canada.
Under the terms of the contract, Jacobs may provide pre-work, execution and post-work for turnaround events during planned outages at Suncor facilities. Turnaround services to be offered under this contract comprise mechanical, piping and support services.
Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that comprise engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, counting services performed in connection with scientific testing, analysis, and consulting activities, in addition to information technology, and systems engineering and integration activities.
At the end of Monday’s trade, Randgold Resources Ltd. (ADR) (NASDAQ:GOLD)‘s shares surged 2.79% to $61.90.
The Kibali gold mine is well on track to achieve its production guidance of 600 000 ounces for this year and, while work still continues on the development of its underground operation and second hydropower plant, the business is running at its designed specifications, Randgold Resources (RRS) ( GOLD) chief executive Mark Bristow said here recently.
At his quarterly update for local media, Bristow also declared that Randgold had reached a ground-breaking protocol with the communities that surround the mine and local authorities, to deploy Kibali in the development of a new economic frontier in the underdeveloped north-east of the country.
Bristow said Randgold was steadily broadening the range of Congolese businesses providing goods and services to Kibali in order to promote the expansion of the local economy. Construction, ore hauling, transport and waste administration are all now handled by Congolese companies, and a collective of local women is feeding more than 2 000 workers daily from mobile kitchens. Kibali has also committed a sum of $1 million to support economic development in the region and as part of this launched a successful business administration training program for aspiring entrepreneurs in the area.
Randgold Resources Limited explores and develops gold deposits in Sub-Saharan Africa. It holds interests in the Morila gold mine, the Loulo gold mine, and the Gounkoto gold mine, which are located in Mali, Western Africa; Tongon mine located within the Nielle exploitation permit in the north of Côte dIvoire; Kibali mine located in the Democratic Republic of Congo; and the Massawa project located in Senegal.
Garmin Ltd. (NASDAQ:GRMN), ended its Monday’s trading session with 1.13% gain, and closed at $41.08.
The Garmin Ltd.(GRMN) board of directors has established September 30, 2015 as the payment date for the next dividend installment of $0.51 per share with a record date of September 15, 2015, per the approval formerly offered at the 2015 annual shareholders’ meeting. At the 2015 annual meeting Garmin shareholders, in accordance with Swiss corporate law, approved a cash dividend in the total amount of $2.04 per share (subject to possible adjustment based on the total amount of the dividend in Swiss Francs), payable in four equal installments on dates to be determined by the board in its discretion.
Garmin Ltd., together with its auxiliaries, designs, develops, manufactures, and markets hand-held, wrist-based, and portable and fixed-mount global positioning system (GPS) enabled products; and other navigation, communication, and information products worldwide. It operates in five segments: Automotive/Mobile, Aviation, Marine, Outdoor, and Fitness.
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