aderfp633
Inscrit le: 27 Sep 2011
Messages: 7915
Localisation: England
|
 Posté le: Lun Sep 30, 2013 3:16 pm Sujet du message: Anglo American pulls out of agreement with Vancouv |
 |
|
{Anglo American pulls out of agreement with Vancouver’s Northern Dynasty}
Mining truckBy Sean KolenkoMon Sep 16, 2013 10:00am PSTMining giant Anglo American plc has withdrawn from a large-scale project in Alaska it co-owned with Vancouver’s Northern Dynasty Minerals Ltd. (TSX:NDM).Under a joint venture known as the Pebble Limited Partnership, Anglo American and Northern Dynasty each owned 50% of the Pebble Project – a copper,[url=http://www.moncler-sale.org]moncler down jackets[/url], gold and molybdenum deposit in southwest Alaska.Northern Dynasty now owns 100% of the project.News of Anglo American’s withdrawal from Pebble sent Northern Dynasty stock plummeting 38% to $1.45 this morning.In a conference call from London with investors this morning,[url=http://www.moncler-sale.org]discount moncler jackets[/url], Northern Dynasty CEO Ron Thiessen said his company has not yet been in negotiations with other companies to join the Pebble project.But, added Thiessen, he always envisioned the deposit “being developed by a consortium of companies.”Rio Tinto (NYSE:RIO) owns 19% of Northern Dynasty Minerals.In a press release,[url=http://www.moncler-sale.org]moncler on sale[/url], Anglo American CEO Mark Cutifani said, “Despite our belief that Pebble is a deposit of rare magnitude and quality,[url=http://www.moncler-sale.org]moncler on sale[/url], we have taken the decision to withdraw,[url=http://www.moncler-sale.org]moncler outlet[/url],[url=http://www.moncler-sale.org]moncler outlet[/url], following a thorough assessment of Anglo American’s extensive pipeline of long-dated project options.“Our focus has been to prioritize capital to projects with the highest value and lowest risks within our portfolio and reduce the capital required to sustain such projects during the pre-approval phases of development, as part of a more effective value-driven capital allocation model.”Last month, Anglo American announced it would expand its Roman coal mine near Tumbler Ridge,[url=http://www.moncler-sale.org]moncler sale[/url], B.C. The expansion is known as the Trend-Roman project.Cumulatively, the Trend mine and the Trend-Roman project are expected to produce 2.5 million tonnes of metallurgical coal per year over a 16-year lifespan.skolenko@biv.com@SeanKolenkoTags: Vancouver, London, Alaska, Anglo American PLC,[url=http://www.moncler-sale.org]moncler down jackets[/url], Northern Dynasty Minerals Ltd., joint venture, metal,[url=http://www.moncler-sale.org]moncler sale[/url],[url=http://www.moncler-sale.org]discount moncler jackets[/url], mining
_________________
People watching the forthcoming beginning of the German half of the inhabitants of Berlin are no interested in co-optation |
|
