DocLevi
9年前
Looking so-so here, CNBC just said blah, blah (somebody) said Aluminum will remain over supplied for a couple of years. Don't know what's going to happen to coal production in states as environmental groups suing over climate change (most ridiculous thing I've ever heard that a company has to defend itself over hearsay, that's something law makers decide not company's livelihood)... ARG! http://newstalkkgvo.com/u-s-wont-fight-judge-who-wants-new-look-at-montana-coal-mine/ The U.S. Interior Department says it won’t fight a judge’s recommendation for the agency to take a new look at the environmental effects of burning fuel from Montana’s largest coal mine.
But government attorneys said the work will take longer than the six months proposed by U.S. Magistrate Judge Carolyn Ostby.
They want eight months to do the work, in a case where environmentalists sued citing climate change and other impacts from coal mining.
Spring Creek owner Cloud Peak Energy filed objections on Friday to Ostby’s recommendations and warned of sweeping layoffs if mining halts.
Ostby said in October that officials improperly approved a 117-million ton expansion of the Spring Creek Mine near the Montana-Wyoming border in 2012.
That’s in line with prior court rulings affecting two mines in Colorado. Nuts! Oh but wait, "What the what?" A year ago... http://missoulian.com/news/state-and-regional/wyoming-coal-tougher-sell-with-u-s--china-climate/article_1d68fbad-9847-57b1-8b49-fc5de5fb5886.html CASPER, Wyo. — Wyoming coal exports will likely suffer as a result of an agreement by the United States and China to cut carbon dioxide emissions, analysts said Wednesday.
The surprise announcement Tuesday by President Barack Obama and his Chinese counterpart, Xi Jinping, commits the world’s two largest carbon emitters to greening their respective power sectors.
The United States would reduce its carbon emissions 26 to 28 percent below 2005 levels by 2025. China would commit to capping its CO2 emissions around 2030 and generating 20 percent of its electricity from low-carbon sources.... So their new manmade island could be a Limited Country Partnership and process Australian Coal into energy chips (as the US preprocess coal before burning...sort of) in the LCP Island cooker letting off emissions via that limited liability country ... lol
onemessageonly
9年前
Ah...liquidity has arrived. Now we see where it starts to settle:
Citi Appointed Depositary Bank for South32 Limited’s ADR Program
June 01, 2015 11:13 AM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Citi, acting through Citibank N.A., has been appointed by South32 Limited, a global independent metals and mining company, as depositary bank for its Level 1 American Depositary Receipt (ADR) program.
South32’s ADRs trade in the United States over-the-counter (OTC) market under the symbol “SOUHY.” Five (5) ordinary shares are equivalent to one (1) ADR. South32’s ordinary shares are listed on the Australian Securities Exchange (“ASX”) and trade under the ticker “S32.”
“Citi is delighted to be appointed by South32 Limited as depositary bank for its Level 1 ADR program,” said Dirk Jones, Head of Global Issuer Services at Citi. “We look forward to working closely with South32 to provide best-in-class service to its ADR holders and help enable the success of its ADR program.”
Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide.
For more information about Citi’s Depositary Receipt Services please visit www.citi.com/dr.
About South32 Ltd.
South32 is a globally diversified metals and mining company with a portfolio of high quality, well maintained, cash generative assets producing bauxite, alumina, aluminium, thermal and metallurgical coal, manganese, nickel, silver, lead and zinc. South32 is the world’s largest producer of manganese ore and owns the world’s largest silver mine. We run two high quality alumina refineries, modern, cost competitive aluminium smelters and one of the world’s leading ferronickel operations. The head office of South32 is located in Perth, Australia. Regional offices in Perth and Johannesburg, South Africa are supported by a global shared services centre in Johannesburg and a marketing hub based in Singapore. South32 has a workforce totalling approximately 27,000 people globally.
South32 is listed on the Australian Securities Exchange (ticker symbol: “S32”) and in the United States on the over-the-counter (OTC) market (ticker symbol: “SOUHY”)
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stocktrademan
7年前
