Anglo American shares fall as miner completes sale of Norte copper mine after commodities fall hits profits

first_imgMonday 14 September 2015 1:48 pm Anglo American shares fall as miner completes sale of Norte copper mine after commodities fall hits profits whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbes whatsapp Show Comments ▼center_img Share Mining giant Anglo American completed the sale of its Chilean copper mines to an investor consortium led by Audley Capital.The sale of Anglo American’s copper business Norte was announced in late August, as one of several cost-cutting measures to off-set the effects of the global commodities rout. Audley Capital and partner Orion Mine Finance have paid $300m (£195m) up front in cash, with the potential for a further $200m payment, dependent on the price of copper at the London Metals Exchange.The sale brings the proceeds from Anglo American sales to $1.9bn to date, on top of the $1.6bn sale of its stake in Lafarge Tarmac in July.Anglo American chief executive Mark Cutifani, said: “The completed sale of Norte to the Audley consortium represents further progress with our asset disposal programme and wider strategy to reshape the Anglo American portfolio, prioritising our capital on those assets that will create the most value for our shareholders over the long term.”Norte consists of the Mantoverde and Mantos Blancos copper mines in north Chile.Last week the company announced a R4.5bn (£215m) deal to sell loss making its South African platinum operations, Rustenburg, to Sibanye Gold.The deal follows a volatile time for copper, which dropped as low as $4,989 a tonne during the summer – a six-year low – amid speculation that the Fed would raise interest rates. Today the price stood at $5,351 per tonne.However investors appeared unconvinced by the move: Anglo American’s share price was down 0.3 per cent at pixel time, having traded up throughout the morning.  Madeline Ratcliffe last_img read more

Mutual fund sales rise in March: IFIC

first_img Mutual fund sales outpace ETF sales in March Related news In March, long-term fund net sales were $5.3 billion, IFIC reports, and money market funds recorded positive net sales of $472 million. Balanced funds continue to lead the way, with $2.8 billion in monthly net sales. Bond funds ranked second with net sales of $1.7 billion in March, and equity funds contributed $565 million in monthly net sales. IFIC also reports that total AUM rose by $16 billion in the month, a 1.2% gain, to almost $1.39 trillion. Over the previous 12 months, industry AUM is up by 13%, representing an increase of $157.6 billion Research firm Strategic Insight provides the aggregated totals that IFIC reported. The data is compiled from IFIC and other sources. CIBC to introduce fixed administration fees for certain investment funds Keywords Mutual fundsCompanies Investment Funds Institute of Canada James Langton center_img Mutual fund sales were relatively strong in March as industry assets under management (AUM) continued to climb, the Investment Funds Institute of Canada (IFIC) reports. Overall industry net sales came in at $5.8 billion in March, up from $4.5 billion in the same month last year. Through the first three months of the year, net sales are almost $19 billion compared with $11 billion in the same period a year ago, according to new data from IFIC. Fiera sells rights to manage US$1.9B emerging markets fund Facebook LinkedIn Twitter Share this article and your comments with peers on social medialast_img read more

Unit in Housing Ministry Looking at New Models

first_imgUnit in Housing Ministry Looking at New Models UncategorizedJune 6, 2008 FacebookTwitterWhatsAppEmail The Technical Services Unit of the Ministry of Water and Housing is currently looking at new models, to resolve the chronic inner city decay.“The unit has demonstrated its capacity to design solutions to facilitate urban renewal and they will be working closely with the National Housing Development Corporation (NHDC) on this effort,” Dr. Horace Chang, Minister of Water and Housing said during his contribution to the 2008/09 Sectoral Debate in the House of Representatives, yesterday (June 4).In addition, the NHDC will commence work to put much needed infrastructure in sections of Norwood, Flankers and Barrett Hall in St. James.Dr. Chang also mentioned two pilot renewal projects that are being undertaken at the Albion Tenement in St. James and the Olympic Gardens Community Centre in St. Andrew.The Minister informed that the tenement was constructed to temporarily house persons displaced by Hurricane Charlie in 1951, and some 57 years later, “words cannot even come close to describing the abject squalor in which the persons were living.”“I am happy to report that we have now completed the designs for the new units, a process that was done in consultation with the community, to ensure that each existing household is reasonably accommodated,” Dr. Chang said.“The consultation is also to ensure that the residents are aware of their obligations and to introduce them to socio-economic opportunities for their personal development in order for them to fulfill their responsibilities. Construction is slated to begin in July and should be completed in one year,” he pointed out.Dr. Chang noted, that the Social Services Unit of the Ministry was already working in tandem with the Social Development Commission (SDC), the Small Business Association of Jamaica (SBAJ), the Department of Friendly Societies and other Non-Governmental Organizations (NGOs), to ensure that as the Ministry works to complete the houses, a plan is being developed and implemented to resolve the economic and social needs of the residents.“This whole concept is being examined to provide a comprehensive programme for sustainable urban renewal. The objective is to not only improve the physical infrastructure, but to make our inner city residents participate and integrate into the formal economy,” the Minister said. RelatedUnit in Housing Ministry Looking at New Models RelatedUnit in Housing Ministry Looking at New Modelscenter_img Advertisements RelatedUnit in Housing Ministry Looking at New Modelslast_img read more

Support for refugees in Mantra Hotel

first_imgSupport for refugees in Mantra Hotel Nillumbik Shire Council has committed its support to a group of refugees and asylum seekers who have been detained in a hotel in Melbourne’s north for more than a year.At its meeting last week, Council passed an Urgent Motion affirming its support for the approximately 60 men being held at the Mantra Hotel in Preston.The men were informed by Commonwealth authorities this week that they would be moved to another location. No further detail on where they would be moved, or under what conditions, has been provided to date.The men had originally been moved to the hotel from Manus Island under the Commonwealth’s now-defunct Medical Evacuation (Medevac) legislation.Nillumbik Mayor Peter Perkins said Council’s show of support for the men reflected a broader philosophy and approach.“Council has made this gesture of strong support in recognition of the plight of these men,” Cr Perkins said.“The reaffirmation of the Nillumbik community’s willingness to help and support those doing it tough, as well as its capacity for humanity and compassion, has been one of the positives to emerge from the challenges of the past year.“This generosity of spirit extends to fellow Nillumbik residents as well as to those beyond our borders.”Sugarloaf Ward Councillor Ben Ramcharan, who moved the Motion as a matter of Urgent Business, said the wellbeing of those detained was paramount.“We ask the Commonwealth Government to ensure that these men – some of whom have effectively been locked away in a hotel room for 18 months – be treated humanely and with dignity. Their living conditions and the continuing uncertainty over their futures must be addressed as a priority,” Cr Ramcharan said.The Motion also noted that a previous Council had signed a Refugee Welcome Zone Declaration at its citizenship ceremony on 28 July 2016. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:asylum, business, citizenship, commonwealth, community, council, evacuation, Government, hotel, Humanity, legislation, local council, Manus Island, Melbourne, Nillumbik, Nillumbik Shire Council, refugees, Sugarloaflast_img read more

Another Crossing Down, More Soon To Go In West

first_imgAnother Crossing Down, More Soon To Go In West VIC PremierThe Andrews Labor Government has removed its 45th dangerous and congested level crossing – with trains now running on the new one-kilometre rail bridge at Werribee Street, safely separated from traffic.Minister for Transport Infrastructure Jacinta Allan and Member for Werribee Tim Pallas today visited the Werribee site to inspect the new rail bridge and unveil designs for the 30,000 square metres of open space that the elevated rail will deliver for the community.Werribee Street is a key connection between the suburbs of Werribee and Wyndham Vale – removing the crossing will improve travel and safety for the 20,000 vehicles that pass through each day, meaning no more long waits at the boom gates while freight trains pass, which can be up to 1.5 kilometres long.When the Victorian and Australian governments’ $4 billion Geelong Fast Rail project is delivered, it will also use this elevated rail bridge – and the extra services to Geelong won’t cause more congestion for the Wyndham community.The new open space will be delivered in the coming months, adjoining existing parkland around the Wyndham Park and the Werribee River. Alongside more green space and a brand-new skate park, a pair of gigantic emu feet will take pride of place at the base of two bridge columns – the creation of prominent indigenous artist Vicki Couzens.The emu art is based on a traditional Wadawurrung story, and the 8.5-metre-long sculptures will be echoed through a series of footprints etched into a pathway leading towards the Werribee River. A ‘yarning circle’ representing an emu’s nest will be a central point for gathering and reflection.The skate park will consist of a mixture of ramps, rails and obstacles for beginners through to experienced skaters, providing more options for locals of all ages to get active outdoors.At Werribee’s nearby Cherry Street, the level crossing is on track to be removed by Easter, well ahead of its original 2022 target date – with a new road bridge separating cars from trains, connecting Tarneit Road to Princess Highway.Major construction on the area’s third level crossing removal project at Old Geelong Road, Hoppers Crossing, is about to kick off – with crews starting work next week to lift huge retaining wall panels into place, the first steps in building a new road bridge that will remove this notorious crossing for good.The Labor Government will remove a level crossing every four weeks on average in 2021. For more information about these projects visit levelcrossings.vic.gov.auAs stated by Minister for Transport Infrastructure Jacinta Allan“We’ve removed 45 dangerous and congested level crossings and we’re not slowing down -this year we’ll remove a level crossing on average every four weeks, boosting safety, easing congestion and creating thousands of jobs.” “This area is one of the fastest growing communities not only in Victoria but in the nation -and we’re delivering the infrastructure that local people need and deserve.” As stated by Member for Werribee Tim Pallas“Hoppers Crossing and central Werribee are one step closer to being completely level crossing-free, and I can’t wait to see the new artwork and designs that will add so much character and vibrancy to this new open space.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Andrews, AusPol, Australia, Australian, Australian Government, building, community, Easter, Geelong, Government, Indigenous, infrastructure, Minister, running, Transport, Victoria, Wyndhamlast_img read more

Biological Anthropologist To Address 'The Evolution Of Human Skin Color' In CU-Boulder Lecture Feb. 23

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Feb. 15, 2006 Nina Jablonski, curator of anthropology at the California Academy of Sciences and an internationally known researcher and scholar, will give a lecture on “The Evolution of Human Skin Color” at the University of Colorado at Boulder on Feb. 23. Jablonski will speak at 7 p.m. in Eaton Humanities Building, room 150. The lecture is free and open to the public and will be followed by a question-and-answer session. Jablonski’s talk will shed light on the evolution of human skin color, calling into question the classification of humans into subgroups based on skin color. The event is sponsored by the CU-Boulder department of anthropology. For more information call (303) 492-2547.last_img read more

Gov’t Allocates $289 Million to Agricultural Competitiveness Programme

first_imgRelatedGov’t Allocates $289 Million to Agricultural Competitiveness Programme Gov’t Allocates $289 Million to Agricultural Competitiveness Programme AgricultureMay 18, 2012 Advertisements FacebookTwitterWhatsAppEmail The ability of the agricultural sector to effectively compete will be greatly enhanced this fiscal year, with an allocation of $289 million to the Agricultural Competitiveness Programme. As contained in the 2012/13 Estimates of Expenditure, now before the House of Representatives, the allocation will provide for the undertaking of research in export practices/constraints for non-traditional products in the United States, Canada and European markets. (Related Story: Big Boost for Agricultural Competitiveness Programme) Studies will also be conducted to determine the feasibility of establishing an export agency in Miami and to examine domestic market opportunities, capacity building and market linkages, while support will be provided to existing marketing information system. Increased market access will also be provided for non-traditional crops and livestock. It is also expected that, under the project, assistance will be provided to group producer organisations into clusters; support for training in agri-business and marketing for extension staff; agricultural health and food safety will be integrated; and the capacity of institutions to prevent and control food-borne diseases will be strengthened. Formerly known as the Rural Competitiveness Programme, the project, launched in November 2010, seeks to facilitate access to markets by small and medium farmers; ensure the production of safe and good quality agricultural products; and stimulate public-private investment in agri-business value chain development. It is being implemented by the Agriculture and Fisheries Ministry with funding from the Inter-American Development Bank (IDB). Physical achievements up to February 2012 include the setting up of a Project Implementation Unit and hiring of staff; preparation of implementation and procurement plans for 2012/13; and approval of a Food Safety Policy by Cabinet. The project is expected to conclude in November 2015. RelatedGov’t Allocates $289 Million to Agricultural Competitiveness Programme By Alecia Smith-Edwards, JIS Reporter RelatedGov’t Allocates $289 Million to Agricultural Competitiveness Programmelast_img read more

Work beginning on a conservation plan for Grianan of Aileach

first_img Facebook Pinterest The Office of Public Works is to begin work on a Conservation Management Plan for the Grianan of Aileach site in Burt.It follows a meeting at the site yesterday involving the OPW, Donegal County Council members and officials, Bord Failte and a number of community groups.Cllr Jack Murray says it was a positive engagement, and marks the first step in realising the potential of the site……………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/02/grianan1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By admin – February 8, 2017 Previous articleFormer pupil says parents should have been contacted following Holy Cross incidentNext article21 patients without beds at Letterkenny University Hospital admin Homepage BannerNews WhatsApp Pinterest Consultation launched on proposal to limit HGV traffic in Clady Facebook WhatsApp Google+center_img Hospitalisations rise as Donnelly suggests masks will stay ’til autumn Today is the 30th anniversary of Eddie Fullerton’s murder Twitter RELATED ARTICLESMORE FROM AUTHOR Donegal hoteliers enjoy morale boost as bookings increase Disruption to cancer service will increase mortality – Oncologist Work beginning on a conservation plan for Grianan of Aileach 45 new social homes to be built in Dungloe Twitter Google+last_img read more

Over €8 million in EU funding for North West research and business initiative

first_img Google+ DL Debate – 24/05/21 Pinterest A spokesperson for the Department for the Economy said: “Investment in research and development is critical to future economic growth. Strong collaboration between industry and academia will also contribute to success. The creation of this new super-cluster is a welcome development for the health and life sciences sector and a boost for the North West border region.” Twitter By News Highland – May 22, 2017 Journey home will be easier – Paul Hegarty Pinterest Pictured (l-r) celebrating a €8.5 million funding award from the EU’s INTERREG VA Programme for the ‘North West Advanced Manufacturing’ project is Dr Norman Apsley OBE, CEO of Catalyst Inc; Gina McIntyre, CEO of the Special EU Programmes Body (SEUPB) and Philip Maguire, Director of Finance & Administration with Catalyst Inc. Picture: Michael CooperThe Special EU Programmes Body has confirmed €8.5 million in INTERREG funding for the creation of a new cross-border ‘super cluster’ within the Health & Life Sciences business sector.The ‘North West Centre for Advanced Manufacturing’, will be led by Catalyst Inc., supporting eight different key Health & Life Sciences companies involved in 15 different research projects based in the region.The project aims to enhance the level of cross-border research and innovation collaboration within the area of applied advanced manufacturing, with partners including Ulster University, Glasgow University, the PEM Centre at Sligo Institute of Technology and the CoLab facility at the Letterkenny Institute of Technology.John Grier is a spokesperson for the SEUPB………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/05/johngrier1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Photo (Michael Cooper): Pictured (l-r) Dr Norman Apsley OBE, CEO of Catalyst Inc; Gina McIntyre, CEO of the Special EU Programmes Body (SEUPB) and Philip Maguire, Director of Finance & Administration with Catalyst Inc. “This is one of the core objectives of the EU’s INTERREG VA Programme which has been specifically designed to enhance the levels of Research & Innovation found within businesses across the region,” she continued.  EU HELPS ADVANCE MANUFACTURING WITH A NEW €8.5 MILLION                             ‘SUPER CLUSTER’ FOR THE NORTH WEST The SEUPB has announced that funding of €8.5 million from the EU’s INTERREG VA Programme has been offered to Catalyst Inc for the creation of a new cross-border ‘super cluster’ within the Health & Life Sciences business sector. The project is called the ‘North West Centre for Advanced Manufacturing’, and will be led by Catalyst Inc. It will support eight different key Health & Life Sciences companies involved in 15 different research projects based in the North West to develop new products and processes.The project aims to enhance the level of cross-border research and innovation collaboration within the area of applied advanced manufacturing. It will also significantly increase the number of Health & Life Science businesses engaged in commercially focused research in order to make them more competitive.The project will bring together a number of partners in the creation of a new ‘super cluster’ including the Engineering Research Institute at Ulster University, the James Watt Nanofabrication Centre at Glasgow University, the PEM Centre at Sligo Institute of Technology and the CoLab facility at the Letterkenny Institute of Technology.A total of 26 PhD level researchers, along with post-doctoral research assistants will be recruited over the life time of the project, to work with the eight participating companies, and create up to 98.5 years’ worth of PhD full time equivalent research.Match-funding for the project has been provided by the Department of Jobs, Enterprise and Innovation in Ireland, the Department for the Economy in Northern Ireland and the University of Glasgow.Announcing the funding award Gina McIntyre CEO of the Special EU Programmes Body (SEUPB), which manages the EU’s INTERREG VA Programme said: “This project will make a real impact in terms of providing support for a business sector with strong economic potential. The research produced will be used to strengthen the economic outlook of businesses on a cross-border basis. Facebook Previous articleGovernment’s ‘Sectoral Dialogue’ on Brexit comes to LetterkennyNext articleDonegal book Ulster Semi Final spot: Frank McGlynn Reaction News Highland RELATED ARTICLESMORE FROM AUTHORcenter_img WhatsApp 45 new social homes to be built in Dungloe Over €8 million in EU funding for North West research and business initiative Harps come back to win in Waterford Twitter Google+ Consultation launched on proposal to limit HGV traffic in Clady Welcoming the project Ireland’s Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor, said: “I am delighted that this project has been approved and I am very happy that my Department is in a position to co-fund this project. It is a great example of practical cross-border cooperation, which will bring strong economic benefits to the eligible regions in both jurisdictions. Manufacturing has been a key sector for us over the years, providing valuable jobs and investment. This new initiative will help drive competitiveness and enhanced value-added, at a time of significant technological change in the industry.” Full SEUPB announcement – WhatsApp Facebook Homepage BannerNews News, Sport and Obituaries on Monday May 24thlast_img read more

Vote to repeal 8th Amendment putting pressure on NI to follow

first_imgAudioHomepage BannerNews Vote to repeal 8th Amendment putting pressure on NI to follow Twitter Facebook Google+ Ireland’s vote to relax abortion laws is putting pressure on Theresa May to make similar moves in the North.Some MPs in her own Cabinet have welcomed the result.Terminations are only allowed in Northern Ireland when there’s a risk to the life or mental health of the mother.However, Arlene Foster says the result of the referendum on appeal has no impact on law in Northern Ireland.The DUP leader says her party is pro-life and while they obviously note the result – legislation governing abortion in the north is for the Northern Ireland Assembly to decide.In a statement this afternoon, she says abortion is an extremely sensitive issue and not one that should have people taking to the streets in celebration.Donegal Deputy Pearse Doherty thinks political parties need to act:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/05/doherty6pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Meanwhile, Orla O’Connor, co-director of ‘Together for Yes’ says women across the border also need support:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/05/oconnor6pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Google+ Twitter RELATED ARTICLESMORE FROM AUTHOR Derry draw with Pats: Higgins & Thomson Reaction Facebookcenter_img WhatsApp WhatsApp FT Report: Derry City 2 St Pats 2 By News Highland – May 27, 2018 Previous articleCricket: North West Senior Cup Round 2 DrawNext articleDominant performance by Donegal U20s in Ulster Championship win over Cavan News Highland Consultation launched on proposal to limit HGV traffic in Clady 45 new social homes to be built in Dungloe Harps come back to win in Waterford Journey home will be easier – Paul Hegarty Pinterestlast_img read more