Timminco will issue shares to terminate supply deal

Canadian silicon producer Timminco has formally terminated a supply agreement with a certain customer, and will issue about 3,4-million shares to settle the outstanding deposit due on the contract. The five-year silicon supply deal was initially...

Timminco hit with another class action suit

Canadian silicon producer Timminco said on Friday that another proposed class-action lawsuit has been filed against the company, its majority shareholder Advanced Metallurgical Group, Timminco CEO Heinz Schimmelbusch and other stakeholders. The...

Timminco says Quebec workers approve new contract

TSX-listed silicon producer Timminco has reached a new five-year agreement with the unionised workforce at its Becancour operations, in Quebec, the company reported on Thursday. Under the new agreement, which expires in April 2013, wages will not...

Timminco surges on replaced silicon-supply contract

Shares in Canadian silicon producer Timminco jumped 48,8% on Monday, after the company announced it reached a new five-year supply agreement with Frankfurt-listed Q-Cells for solar-grade silicon. Timminco stock gained C$0,60, to C$1,83 apiece by...

Timminco will 'vigorously' defend against misrepresentation suit

Canadian silicon producer Timminco confirmed on Tuesday that it has accepted service of a proposed class action, launched in the Ontario Superior Court last week. The plaintiff will need to get the permission of the court to bring the class...

Customers terminate contracts citing 'noncompliance' – Timminco

Canadian silicon producer Timminco continues to negotiate with customers in the solar industry, some of which have terminated their contracts due to “noncompliance”, and want to have their deposits repaid, the firm said on Monday. Discussions...