Tuesday, 3 August 2010

The Councillor Troy from the 19_11 team.


The Councillor Troy from the 19_11 team. If I run the show, how can I restore the ‘universal’ balance and harmony? The true is, - that I cannot just sit by (and still receiving hitting in my head) while the “friends”, “partners”, “co-workers” and those in “authority” try to rule the roost. And me, yours stupid ass, dauntingly moving (very secretly) simultaneously – the “house” and the all folks? In and out? You know, it happens to me before, that theirs (those in “authority”) bark may be worst than their bite? Should I try to favour some victory, even if my “mum” is not my keeper? Or just carry on and bide “my time”? Be for four-five days in such rude way rushed, pushed, and angst-ridden had had a price… It does not just know that I’m still ‘in the running’. It’s a personal responsibilities’ which eventually bestow a certain leeway to don’t die in my uninterrupted sleep too.

1). Xstrata Profit More Than Triples, Beating Estimates, as Metal Prices Jump. Aug 3, 2010. Xstrata Plc, the largest exporter of coal used for power, said first-half profit more than tripled after metal prices jumped from a year earlier. Net income rose to $2.3 billion from $690 million a year earlier, the Zug, Switzerland-based company said today in a statement. That beat the $2.1 billion average estimate of five analysts surveyed by Bloomberg. Sales advanced 43 percent to $13.7 billion. Chief Executive Officer Mick Davis is spending $14 billion to expand output 50 percent by 2014, betting on a revival in metal and coal demand as the global economy recovers from last year’s recession. Metal prices were on average 66 percent higher in the first half than in the same period a year ago, according to a measure of six metals on the London Metal Exchange. “We remain very confident in the buoyant outlook for Xstrata’s commodities in the medium term,” Davis said in the statement. “In particular, I am encouraged by the outlook for thermal coal and copper, our two core commodities.” Xstrata rose 59.5 pence, or 5.9 percent, to 1,075 pence at the close of trading in London yesterday. The company will pay an interim dividend of 5 cents. Operating profit excluding exceptional items doubled to $3.2 billion, Xstrata said. The company is on schedule to meet the targeted 50 percent jump in output by 2014 after approving $8 billion in new projects in the first half, it said. Xstrata today approved the $4.2 billion Las Bambas copper project in southern Peru and the $1.1 billion Ulan West coal venture in Australia, the company said in separate statements. Last month Xstrata approved investment of $1.5 billion to develop the Antapaccay copper mine in Peru.

2). Kinross to buy Red Back Mining for $7.1bn. Traverse City, Michigan. August 3 2010 04:13. Kinross Gold of Toronto is set to take full control of Vancouver-based Red Back Mining in a deal valued at $7.1bn, broadening Kinross’s reach to west Africa, where Red Back’s operations are focused. Kinross said the agreed all-share acquisition would match its own high-quality mines and proven track record with Red Back’s early-stage projects and potential for expansion. According to Kinross, analysts expect the combined company’s annual gold production to reach about 3.9m ounces after Red Back’s two key projects in Ghana and Mauritania come on stream in 2015. In comparison, Barrick Gold, the world’s biggest producer, estimated last week that its output will total between 7.6m and 8.1m ounces this year.
The acquisition follows a well-worn pattern in the gold mining industry in which entrepreneurial exploration companies seek capital and expertise from more seasoned operators to develop their mineral deposits. Kinross took a 9.4 per cent stake in Red Back earlier this year. Tye Burt, chief executive of Kinross, said that “the significant upside in reserves that we believe exists at Red Back, and Kinross’s ability to accelerate that potential, makes this an outstanding prospect for shareholders of both companies”. Kinross currently has operating mines and exploration projects in Canada, the US, Brazil, Chile, Ecuador and Russia. Under the proposed deal, Red Back shareholders will receive 1.778 Kinross common shares and 0.110 of a Kinross common share purchase warrant for each Red Back share. Current Kinross shareholders will own about 63 per cent of the combined company. Lukas Lundin, Red Back’s chairman, and Richard Clark, chief executive, will join the Kinross board.

3). Kremlin advised Deripaska and Potanin share of Norilsk Nickel from a third party. Reuters 03/08/2010, 10:58. The Kremlin ordered prosecutors to understand the conflict of shareholders "Norilsk nickel "and suggested that Oleg Deripaska and Vladimir Potanin to share the property with a third party, excluding the participation of the state capital of the world largest producer of nickel and palladium, the Russian news agency quoted a source in the Kremlin. Owners blocking "Norilsk Nickel "- UC Rusal and Deripaska "Interros"Vladimir Potanin - quarreled for the third time in recent years after the shareholders 'Norilsk Nickel, which UC Rusal has lost one seat on the board of directors. Both sides want to buy packages from each other, but not out of hand, but as one of the options out of the situation, analysts and sources discussing the sale of shares to the state. ""Norilsk Nickel"- a private company. So in the future should be. The company must be in private hands "- link made in the Kremlin, Russian agency a source in the presidential administration. "theoretically optimal way would be buying a package by a third party. At the same time in the Kremlin believe that this should not be the state, including state corporation "Russian Technologies", - transmits "Interfax source said. RIA "News "wrote that President Dmitry Medvedev has received from Deripaska to set out its position in the conflict. "The President instructed the Prosecutor General's office investigate. No wonder there had been violations or not, each side has its own truth. But a large company, and not very good that there is such a serious conflict between the shareholders ", - quotes agency source.

4). Plane crash in Siberia in 1911 claimed the lives. Tuesday, August 3, 2010 8:14 MSD
MOSCOW (Reuters) - Eleven people died and four remain in hospital in the crash of passenger plane An-24 airlines KatekAvia that occurred on Tuesday night when landing at the airport Igarka Krasnoyarsk region, Russian news agencies broadcast. On board were 15 people - four crew and 11 passengers. As a result of the crash, according to latest figures, killed 11 people, including a child and hostess. According to investigators, the accident could have occurred because of heavy fog: "During the initial inquiry, and conducted the initial investigation revealed that on August 3 at 01.19 local time in the airport Igarka Krasnoyarsk Territory during landing because of heavy fog wrecked aircraft AN-24, following a flight number 9357 Airport Cheremshanka "Krasnoyarsk - Airport Igarka" - ITAR-TASS referring to the investigative committee of the Procuracy of the RF. The plane flew from Krasnoyarsk on Monday at 21:41 local time, in the crash, he burst into flames. The four survivors are in a plane crash in central Igarka District Hospital, among them police - flying Igarka on a business trip and three crew members - aircraft commander Nikolai Kozlov, Igor Kabanov copilot and flight engineer Eugene Pertunin. Their condition is satisfactory.

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