Timminco says to expand silicon metal production

Canadaa s Timminco Ltd said on Tuesday it was in talks with Icelandic power company Orkuveita Reykjavikur for a power supply contract for its planned silicon metal facility in Iceland, sending its shares up as much as 24%. Timminco, a silicon producer, said it has secured about US$1-million in convertible debt financing from Icelandic private …