The Canadian mining sector is humming with merger and acquisition activity. In one of the biggest deals announced so far, base-metals producers Lundin Mining and Inmet Mining have agreed to merge.
Views: 221 MiningWeekly
Stocks to watch on Thursday, January 13th... Canadian copper miners, Lundin Mining and Inmet Mining will merge, creating a new company with market value of $9.1 Billion dollars. The new entitly will be called Symterra. Inmet shareholder will be getting about 3.5 shares of Symterra in the deal. Also the story continues with News Corp trying to figure out what to do about failing social network, MySpace. The company is reportedly considering a spinoff. 47% of MySpace staff was cut earlier this week. The big banks are in the spotlight today, as they compete today for the right to sell the Treasury's 92% stake in AIG. Bank of America, JP Morgan and Morgan Stanley are all in the ring. And according to a Congressional Oversight Panel, taxpayers will never see the full $50 Billion investment they made in General Motors again. Partially because the government jumped to sell shares in the carmaker's recent IPO, at $33 dollars a piece, rather than waiting for a higher price. The government continues to have a stake in GM, currently at a level of about 26%. Commerzbank is aiming to bolster it's financial strength with a capital increase. The company will issue 118 Million shares, gaining 10% in capital. Also in earnings Infosys Technologys posted 3Q EPS of $0.69, beating out the street estimate. Revenue came in at $1.59 B, also higher than what analysts were expecting. After the Bell, you'll be hearing from Intel, Sealy and Shuffle Master. Watch all these stocks today, they may be on the move.
Views: 161 FinancialNewsOnline
Yamana Gold reports record revenue, Office Depot and Office Max take on Staples, and Santacruz Silver Mining closes a $40.4 million finance deal. This week Heather Bissonnette reports. Highlights of this business week: Yamana Gold (TSX: YRI) reports record revenues. Inmet Mining (INM: TSX) provides 2012 Q4 statements. Osisko Mining Corporation (TSX: OSK) reports a loss in net earnings. Office Depot (ODP: NYE) and OfficeMax (OMX: NYE) announce merger agreement. First Majestic Silver Corp. (FR: TSX) retracts offer for Orko Silver (OK:TSX.V) against Coeur d'Alene Mines Corporation's (CDE:NYE) offer. Keegan Resources Inc. (TSX, NYSE MKT: KGN) and PMI Gold Corporation (TSX: PMV, ASX: PVM) terminate arrangement agreement. Yahoo! (YHOO: NGS) is redesigning its homepage. Silver Bull Resources (TSX: SVB)(NYSE MKT:SVBL) reports zinc intersects from Mexico. FINANCINGS: Pretium Resources Inc. (TSX: PVG) Upper Canada Gold Corp. (TSX.V: UCC) DeeThree Exploration Ltd. (TSX: DTX) Santacruz Silver Mining Ltd. (TSX.V: SCZ)
Views: 149 BTV Business Television
Questions surround the recent sale between Rio Tinto and Lundin Mining Corporation ------------------------------- Facebook | http://www.facebook.com/uppermichiganssource Twitter | http://www.twitter.com/wluctv6 Website | http://www.UpperMichigansSource.com Thanks for watching!
Views: 342 TV6 & FOX UP
Heather Bissonnette reports highlights in the markets in less than four minutes. This week: A $3 Bil order, a rejected takeover, and a 5 Bil acquisition! Keypoints: Canadian Natural Resources' (TSX.CNQ) stock gained. Cenovus Energy (TSX.CVE) trading higher. Royal Bank of Canada (TSX.RY) reported Q4 profits. Bombardier (TSX.BBD) receives order from VistaJet. Verisante Technology (TSX.V:VRS) announced study results. ConAgra Foods Inc. (NYE:CAG) will buy Ralcorp Holdings (NYE:RAH). Lincoln Mining (TSX.V:LMG) will acquire the Bell Mountain property in Nevada. First Quantum Minerals Ltd. (TSX:FM) bids on Inmet Mining Corp. (TSX:IMN) Orex Minerals (TSX.V:REX) updates resources from Swedish Gold Project. Financings: ATAC Resources Ltd (TSX.V:ATC) International Enexco Ltd. (TSX.V:IEC) Northern Vertex Mining Corp. (TSX.V:NEE) Elemental Minerals (TSX.ELM) BTV - Business Television produces a weekly market wrap every Friday. Go to our website for more information. http://www.b-tv.com
Views: 6496 BTV Business Television
The Ok Tedi Mine is an open-pit copper and gold mine in Papua New Guinea located near the headwaters of the Ok Tedi River, in the Star Mountains Rural LLG of the North Fly District of the Western Province of Papua New Guinea. Discharges from the mine have caused widespread and diverse harm, both environmentally and socially, to the 50,000 people who live in the 120 villages downstream of the mine. The mine is operated by Ok Tedi Mining Limited which is majority owned by the PNG Sustainable Development Program Limited. Prior to 2002, it was majority owned by BHP Billiton—the largest mining company in the world since a merger in 2001. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1693 Audiopedia
Freeport-McMoRan (NYSE:FCX) may seek a Lundin takeover, according to a Bloomberg report. An analyst at Canaccord Genuity said that the miner may bid for the company, which is evaluating bids from Equinox Minerals and Inmet. Freeport-McMoRan has a potential upside of 24.4% based on a current price of $51.81 and an average consensus analyst price target of $64.44.
Views: 142 FinancialNewsOnline
Host of BTV Business Television: Taylor Thoen recaps the week in the markets in under 4 minutes. This week: Which company is reporting a 19% increase in earnings? Who closed a $4 Bil Entertainment deal? And which energy giant closed a $175mil financing? Keypoints: -Inmet Mining Corp (IMN.TSX) reports earnings, shares are up. -Canadian Oil Sands Ltd. (TSX: COS) beats estimates and reports earnings. -Talisman Energy Inc. (TSX: TLM) reports net loss, shares are down. -Home Depot (NYSE: HD) stock rises in the wake of Sandy. -The Walt Disney Company (NYSE: DIS) will acquire Lucas Films. -Potash Corp. of Saskatchewan (TSX: POT), to increase its stake with Israel Chemicals Ltd. (ISCHY: OTO) -NovaGold Resources (TSX: NG) (NYSE MKT: NG) sells property to Bering Straits Native Corporation. -WesternZagros (WZR: TSX.V) confirms new oil discovery on Iraq well. Companies that closed financings this week: -Kootenay Silver Inc. (TSX-V: KTN) -Peregrine Diamonds Ltd. (TSX: PGD) -Largo Resources Ltd. (TSX-V: LGO) -Robex Resources Inc. (TSX-V: RBX) -SilverCrest Mines Inc. (TSX-V: SVL) -Brookfield Renewable Energy Partners (TSX: BEP.UN)
Views: 305 BTV Business Television
Temasek Holdings Private Limited is an investment company owned by the Government of Singapore. Incorporated in 1974, Temasek owns and manages a net portfolio of S$266 billion, mainly in Singapore and Asia. It is an active shareholder and investor, and its portfolio covers a broad spectrum of sectors including financial services, telecommunications, media and technology, transportation and industrial, life sciences, consumer, real estate, as well as energy and resources. Temasek has a multinational team of over 490 people, in 11 offices globally including London and New York. Temasek is commonly referred to as a sovereign wealth fund, particularly by the press and research outlets based outside Singapore. However, it has frequently disputed this terminology, and prefers to be referred to as an investment company, because it invests mostly in equities, is the outright owner of many assets, and pays taxes like other commercial investment firms. However, its sole shareholder is Singapore's Ministry of Finance. A spokesman for the Ministry of Finance has previously noted that even though "there is still no universally accepted definition of sovereign wealth funds", Temasek is required to abide by international guidelines for sovereign wealth funds. Beginning in 2015, capital gains from Temasek are included in Singapore's government budget, contributing approximately S$3 billion to the 2015 budget. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 1090 Audiopedia
This is an audio version of the Wikipedia Article: Rio de Janeiro Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. You can find other Wikipedia audio articles too at: https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ You can upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts "The only true wisdom is in knowing you know nothing." - Socrates SUMMARY ======= Rio de Janeiro (; Portuguese: [ˈʁi.u d(ʒi) ʒɐˈnejɾu]; River of January), or simply Rio, is the second-most populous municipality in Brazil and the sixth-most populous in the Americas. The metropolis is anchor to the Rio de Janeiro metropolitan area, the second-most populous metropolitan area in Brazil and sixth-most populous in the Americas. Rio de Janeiro is the capital of the state of Rio de Janeiro, Brazil's third-most populous state. Part of the city has been designated as a World Heritage Site, named "Rio de Janeiro: Carioca Landscapes between the Mountain and the Sea", by UNESCO on 1 July 2012 as a Cultural Landscape.Founded in 1565 by the Portuguese, the city was initially the seat of the Captaincy of Rio de Janeiro, a domain of the Portuguese Empire. Later, in 1763, it became the capital of the State of Brazil, a state of the Portuguese Empire. In 1808, when the Portuguese Royal Court transferred itself from Portugal to Brazil, Rio de Janeiro became the chosen seat of the court of Queen Maria I of Portugal, who subsequently, in 1815, under the leadership of her son, the Prince Regent, and future King João VI of Portugal, raised Brazil to the dignity of a kingdom, within the United Kingdom of Portugal, Brazil, and Algarves. Rio stayed the capital of the pluricontinental Lusitanian monarchy until 1822, when the War of Brazilian Independence began. This is one of the few instances in history that the capital of a colonising country officially shifted to a city in one of its colonies. Rio de Janeiro subsequently served as the capital of the independent monarchy, the Empire of Brazil, until 1889, and then the capital of a republican Brazil until 1960 when the capital was transferred to Brasília. Rio de Janeiro has the second largest municipal GDP in the country, and 30th largest in the world in 2008, estimated at about R$343 billion (IBGE, 2008) (nearly US$201 billion). It is headquarters to Brazilian oil, mining, and telecommunications companies, including two of the country's major corporations – Petrobras and Vale – and Latin America's largest telemedia conglomerate, Grupo Globo. The home of many universities and institutes, it is the second-largest center of research and development in Brazil, accounting for 17% of national scientific output according to 2005 data. Despite the high perception of crime, the city has a lower incidence of crime than Northeast Brazil, but it is far more criminalized than the south region of Brazil, which is considered the safest in the country.Rio de Janeiro is one of the most visited cities in the Southern Hemisphere and is known for its natural settings, Carnival, samba, bossa nova, and balneario beaches such as Barra da Tijuca, Copacabana, Ipanema, and Leblon. In addition to the beaches, some of the most famous landmarks include the giant statue of Christ the Redeemer atop Corcovado mountain, named one of the New Seven Wonders of the World; Sugarloaf Mountain with its cable car; the Sambódromo (Sambadrome), a permanent grandstand-lined parade avenue which is used during Carnival; and Maracanã Stadium, one of the world's largest football stadiums. Rio de Janeiro was the host of the 2016 Summer Olympics and the 2016 Summer Paralympics, making the city the first South American and Portuguese-speaking city to ever host the events, and the third time the Olympics were held in a Southern Hemisphere city. The Maracanã Stadium held the finals of the 1950 and 2014 FIFA World Cups, the 2013 FIFA Confederations Cup, and the XV Pan American Games.
Views: 61 wikipedia tts