On Monday, Shares of Goldcorp Inc. (USA) (NYSE:GG), lost -3.20% to $11.79.
Goldcorp Inc., declared it has successfully decommissioned the El Sauzal mine in Mexico in accordance with the International Cyanide Administration Code (“ICMC”) and it will be withdrawn from the ICMC.
The El Sauzal mine was the first mine in Mexico to be initially certified in full compliance with the ICMC in March 2008, and was recertified in July 2011 and December 2014. It is now the first mine in the world to be decommissioned in accordance with the ICMC. The decommissioning activities implemented at the mine have successfully mitigated previous cyanide facilities such that the ICMC is no longer applicable.
“Goldcorp was the first gold-mining company in the world to have each of its wholly-owned mines certified under the ICMC, so it is appropriate that we have become the first to successfully decommission a gold mine under the auspices of the ICMC,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “This represents an important step forward in Goldcorp’s commitment to safe, responsible operations throughout the entire life cycle of our projects.”
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Shares of Merck & Co., Inc. (NYSE:MRK), declined -0.04% to $52.83, during its last trading session.
Merck (MRK), declared that the application for Emergency Use Assessment and Listing (EUAL) for the company’s investigational Ebola Zaire vaccine, V920 (rVSV∆G-ZEBOV-GP, live attenuated), has been accepted for review by the World Health Organization (WHO).
According to the WHO, the EUAL process is designed to expedite the availability of vaccines needed for public health emergencies such as another outbreak of Ebola. The procedure is intended to assist United Nations’ procurement agencies and Member States on the acceptability of using a vaccine candidate in an emergency-use setting. EUAL designation is not prequalification by WHO, but rather is a special procedure implemented when there is an outbreak of a disease with high rates of morbidity and/or mortality and a lack of treatment and/or prevention options. In such instances, WHO may recommend making a vaccine available for a limited time, while further clinical trial data are being gathered for formal regulatory agency review by a national regulatory authority.
“This application to the WHO is an important step toward enabling V920 to be used if a public health emergency of international concern were to be declared for the Ebola Zaire species before licensure of the vaccine candidate,” said Paula Annunziato, M.D., vice president for clinical research, Merck Research Laboratories.
Merck & Co., Inc. provides health care solutions worldwide. The company offer therapeutic and preventive agents to treat cardiovascular, type 2 diabetes, asthma, nasal allergy symptoms, allergic rhinitis, chronic hepatitis C virus, HIV-1 infection, fungal infections, intra-abdominal infections, hypertension, arthritis and pain, inflammatory, osteoporosis, male pattern hair loss, and fertility diseases.
Finally, AK Steel Holding Corporation (NYSE:AKS), ended its last trade with -3.04% loss, and closed at $2.23.
AK Steel (AKS) supports the U.S. Department of Commerce’s preliminary determinations on December 22, 2015, that imports of corrosion-resistant steel (“CORE”) from China are being sold at less-than-fair value (“dumped”) in the United States. India, Italy, and South Korea were also found to be dumping, and as a result, the U.S. Department of Commerce will instruct U.S. Customs and Border Protection to start requiring U.S. importers of CORE from these countries to deposit estimated anti-dumping duties at the time of importation.
With respect to Taiwan, the Commerce Department preliminarily found that the margin of dumping was zero. However, the Commerce Department’s investigation continues with respect to certain recently-discovered issues that the Commerce Department had insufficient time to address before the preliminary determination. Thus, depending on the Commerce Department’s findings during the remainder of the investigation, its final determination with respect to imports from Taiwan ultimately could be affirmative.
AK Steel also noted that the Commerce Department reached affirmative preliminary critical circumstances findings with respect to certain foreign producers of CORE in China, South Korea, and Taiwan. As a result of this critical circumstances determination, the Commerce Department can impose provisional anti-dumping duties on imports of CORE from China and South Korea retroactively starting from 90 days before its publication of the preliminary determination in the Federal Register. Because the preliminary determination for Taiwan was negative, no provisional duties will be collected.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
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