wiredinUSA August 2011

INDEX

Rig cable partnership

Extrusion facility expansion

OCC announces dividend

Houston Wire & Cable Company has announced a new partnership agreement with AmerCable to be a master supplier of its GEXOL brand specifically designed for installation and use in power, instrumentation and process and control applications in harsh environments such as offshore and onshore drilling rigs. AmerCable’s GEXOL brand will be a key addition to HWCC’s inventory line of electrical and mechanical wire and cable. The new alliance will broaden HWCC’s inventory position within the Type P drilling rig and marine cable market and expand AmerCable’s sales and support coverage. Type P rig cable. Type P cables are

Reliance Steel and Aluminum Co has reached an agreement to purchase all of the outstanding capital securities of Continental Alloys & Services Inc, headquartered in Houston, Texas, and of certain affiliated companies. Continental is a materials management company focused on steel and alloy pipe, tube and bar products and precision manufacturing of various tools designed for well completion programs of global energy service companies and has 12 locations in seven countries including the United States, Canada, United Kingdom, Singapore, Malaysia, Dubai andMexico. The transaction was anticipated to be finalized within 30 days, subject to customary closing conditions.

OCC’s board of directors declared a quarterly cash dividend of $0.01 per share on the company’s common stock, effective 15th July 2011. The dividend will record on 5th August 2011. The announced dividend implies an annual cash dividend rate of $0.04 per common share. Optical Cable Corporation (OCC) manufactures a broad range of fiber optic and copper cabling and connectors. be paid on or about 15th September 2011 to shareholders on

Copper Canyon mine to go to Steele

A technical report and mineral evaluation, completed by Behre Dolbear & Company in 1979, postulated a body of ore totaling up to 465,000 tons of mineralized material possibly containing around 12 million pounds of copper, 6.4 million pounds of cobalt and 23,000 ounces of both gold and silver. Steele has submitted an application to conduct a 25-hole drill program in the underground workings of the mine with the intent of verifying the findings

of the Behre report and further define the mineralization at the site.

Steele CEO Scott Dockter said it is a very promising property with enough evidence of mineralization to justify additional exploration efforts. “We believe that our drilling will confirm the figures stated in the Behre Dolbear report and possibly add value by defining additional mineralized targets,” Dockter said.

Steele Resources has executed a definitive mineral lease agreement with the option to buy the Copper Canyon Mine, located near Salmon in the US state of Idaho, from Salmon Canyon Copper Company.

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wiredInUSA - August

wiredInUSA - August

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