-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IeYXdUQUQHDEbw+pSGvCiSHAakEGZSrI9RI0TMyiBdfj2vJxBMhpXtcJQbCpAnb+ 7eDQ5RxIsDWiM0lr8aGDsA== 0001144204-08-013346.txt : 20080305 0001144204-08-013346.hdr.sgml : 20080305 20080305093419 ACCESSION NUMBER: 0001144204-08-013346 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080305 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080305 DATE AS OF CHANGE: 20080305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMCOL INTERNATIONAL CORP CENTRAL INDEX KEY: 0000813621 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 360724340 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14447 FILM NUMBER: 08666227 BUSINESS ADDRESS: STREET 1: 1500 W SHURE DR CITY: ARLINGTON HEIGHTS STATE: IL ZIP: 60004-7803 BUSINESS PHONE: 8473948730 MAIL ADDRESS: STREET 1: 1500 W SHURE DR CITY: ARLINGTON HEIGHTS STATE: IL ZIP: 60004-7803 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN COLLOID CO DATE OF NAME CHANGE: 19920703 8-K 1 v105906_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_______________

FORM 8-K
_______________


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 5, 2008
_______________

AMCOL INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
0-15661
36-0724340
State of Other Jurisdiction of Incorporation
Commission File Number
I.R.S. Employer Identification Number

One North Arlington, 1500 West Shure Drive, Suite 500
Arlington Heights, IL 60004-7803
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (847) 394-8730

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
 
o
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 8.01 Other Events

On March 5, 2008, AMCOL International Corporation (the “Company”) issued a press release announcing that it has executed a definitive agreement to acquire the majority ownership interest in a chrome mine located in the Republic of South Africa (“RSA”). The agreement is subject to various conditions, including approval by the shareholders of the seller, Chrome Corporation Limited, a publicly listed company on the Australian Stock Exchange, and by RSA regulators. Upon the closing of this transaction, the Company will hold 74% of the ownership interest in the chrome mine and Aka Capital, a Black Economic Empowerment Enterprise, will hold the remaining 26% of the ownership interest. Separately, AMCOL is in discussions with another RSA-based firm to co-invest in the chrome mine, processing operations and downstream marketing. AMCOL anticipates it will retain control of the business.
 
Item 9.01 Financial Statements and Exhibits

(d)
Exhibits

99.1
AMCOL International Corporation Press Release dated March 5, 2008.

 
 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
  AMCOL INTERNATIONAL CORPORATION
 
 
 
 
 
 
Date: March 5, 2008
By:   /s/ Gary L. Castagna
 
Gary L. Castagna
Senior Vice President and Chief Financial Officer
 
 
 
 
 

 

Exhibit Index

Exhibit No.
Exhibit
 
99.1
AMCOL International Corporation Press Release dated March 5, 2008

 
 

 
EX-99.1 2 v105906_ex99-1.htm
 
AMCOL INTERNATIONAL ANNOUNCES AGREEMENT TO INVEST IN CHROME MINE
 
 
ARLINGTON HEIGHTS, IL, March 5, 2008— AMCOL International Corporation (NYSE: ACO) today announced that it has executed a definitive agreement to acquire an interest in a chrome mine in the Republic of South Africa (“RSA”).  Chrome ore is a feedstock used to produce chrome sand. AMCOL currently markets chrome sand to the metalcasting industry in the U.S.  AMCOL will purchase the 74% interest in the chrome mine from Chrome Corporation Limited (ASX CCI), a publicly listed company on the Australian Stock Exchange. Aka Capital, a Black Economic Empowerment Enterprise, owns the remaining 26% interest in the chrome mine. Separately, AMCOL is in discussions with an RSA-based firm to co-invest in the chrome mine, processing operations and downstream marketing. AMCOL anticipates it will retain control of the business. 
 
AMCOL will pay A$41 million cash for the interest in the chrome mine, less assumed liabilities at closing. The closing of the transaction is subject to a number of conditions, including the following: the approval of the seller’s shareholders; consent under Section 11(1) of the Mineral and Petroleum Resources Development Act from the South African Minister for Minerals and Energy; confirmation of the existing prospecting rights or the grant of a renewal of the prospecting rights; approval from the RSA Exchange Control Authorities; unconditional approval from RSA Competition Authorities; and consent from AMCOL’s bank syndicate.
 
Larry Washow, AMCOL President and CEO commented “We have been a leading marketer of chrome sand in the U.S. for over 30 years.  This investment will allow AMCOL to be the premier dedicated chrome sand supplier to foundries around the world.  We are fortunate to have an attractive investment opportunity in a key product line that offers significant growth potential.”
 
Estimates indicate that approximately 90% of the 20 million tons of chrome ore mined annually is used to produce ferrochrome.  The surge in demand for stainless steel has considerably tightened ferrochrome supply which has caused a drop in supply available for foundry chrome.  AMCOL plans to invest in a processing plant near the mine site after closing of the transaction.   
 
Headquartered in Arlington Heights, Illinois, AMCOL has five reporting segments: Minerals, Environmental, Oilfield Services, Transportation and Corporate.  The Minerals segment produces and markets specialty minerals and related materials used as a performance additive in industrial goods and consumer products.  The Environmental segment manufactures and markets engineered materials used in, and provides related services for, construction, waste containment and civil infrastructure applications.  The Oilfield Services segment provides this industry with water treatment and related services.  AMCOL’s common stock is traded on the New York Stock Exchange under the symbol “ACO.”  The Company’s website is www.amcol.com.     
 
 
 

 
 
 
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