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Alcoa Needs a New Game Plan: - 0 views

video.cnbc.com/gallery

ALCOA chinese YADKIN financial New strategy missing EPS

shared by Yadkin River on 20 Dec 11 - No Cached
  • Alcoa Needs a New Game Plan: Strategist Tue 11 Oct 11 | 06:40 PM ET John Licata, Chief Commodity Strategist at Blue Phoenix says Alcoa can't keep counting on past ways to succeed, and needs to start entering new product markets.
  • Yadkin River on 20 Dec 11
     
    Alcoa Needs a New Game Plant Strategist John Licata, Chief Commodity Strategist at Blue Phoenix says Alcoa can't keep counting on past ways to succeed, and needs to start entering new product markets.
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Alcoa's Chinese JV Targets Need for High Quality Aluminum in Booming Market -- Trefis - 0 views

www.trefis.com/...2011-09-16

chinese ALCOA YADKIN aluminum CleanTech CHINA joint venture

shared by Yadkin River on 20 Dec 11 - No Cached
  • 1 of 12 Alcoa’s Aluminium Supply Deal with Embraer Could be First of Many 2 of 12 Alcoa Sambas to $16 with Embraer Deal for Jet Development 3 of 12 Alcoa: Revised $16 Price Estimate, Long-Term Outlook Still Solid 4 of 12 Alcoa Restructuring Midstream Business for Emerging Market Growth 5 of 12 Demand for Lightweight Autos Boost Alcoa’s Aluminum Business 6 of 12 Alcoa Aims for $18 by Investing in ‘Green’ Initiatives 7 of 12 Aluminum Demand, New Products Lift Alcoa’s Earnings 8 of 12 Alcoa’s JV in Saudi Arabia Gets Funding 9 of 12 Alcoa Could Get Boost from New Alloys 10 of 12 Alcoa Gains from Fuel Efficiency Focus at Paris Air Show 11 of 12 Alcoa Shines on Solid Aluminum Demand 12 of 12 Alcoa’s Growth Estimates for Aluminum Justify Additional Upside Relevant Articles on TREFIS Alcoa’s Chinese JV Targets Need for High Quality Aluminum in Booming Market September 16th, 2011 by Trefis Team +93.03% Upside 8.53 Market 16.47 Trefis pricesBarBlock artMa
  • The JV will focus on the technical expertise of both the companies to leverage this growing market. Further official information on the joint venture is awaited.
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NC hits deadline for Alcoa's... - Google News - 0 views

news.google.com/...story

alcoa StanlyCounty yadkin Commissioners clea CleanTech

shared by Yadkin River on 18 Dec 11 - No Cached
  • Yadkin River on 18 Dec 11
     
    57 news links
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U.S. Steel Industry Says Get Ready, Chinese Government Companies Are Coming To America - 0 views

www.manufacturingnews.com/...steel109.html

steel industry chinese government yadkin

shared by Yadkin River on 18 Dec 11 - No Cached
  • "In essence, after creating, developing and nurturing massive 'national champions,' the Chinese government is now strategically deploying these entities overseas to execute the government's agenda: to acquire natural resources and raw materials, obtain technology and expertise, gain entry into new markets and increase China's economic and political influence on a global scale."
  • Such ownership is deemed illegal under the World Trade Organization rules. Yet China has defied them. The Chinese government owns most of the shares of the major steel producers. It is involved in making the business decisions within virtually all of China's major steel companies.
  • The Chinese government has directed its Anshan Iron and Steel Group to directly invest in the United States. On May 17, 2010, the company announced a joint venture with Steel Development Co. of Amory, Miss., to build up to five new steel plants in the United States. "Anshan's investment in SDC is the direct result of China's industrial policies," notes Wiley Rein. The 100-percent state-owned enterprise became China's fourth largest steel producer "through government mandated mergers and the receipt of massive government subsidies." China's 2009 "Revitalization Plan," "explicitly identifies Anshan as a recipient of extensive government support in order to strengthen its international competitiveness and to assist Anshan in acquiring strategic resources and establishing operations abroad. . . Anshan is now investing in the U.S. steel market, with the full force and encouragement of the Chinese government." China is stepping up its global strategy. China's government said it invested $43.3 billion overseas in 2009. Through June 2010, overseas investment had reached $55.2 billion. The OECD says these figures are "substantially" underestimated. Chinese foreign mergers and acquisitions have increased by more than 50 percent in the first half of 2010, according to report from China Daily Online. "Chinese investment into the United States jumped 360 percent in the first half of 2010 compared to the same period last year," according to the Wiley Rein report. "In 2009, Chinese enterprises announced new direct investment in the United States of approximately $5 billion, up from $500 million in 2008, and despite a significant global downturn in such investments. Moreover, Chinese firms acquired or announced that they were starting more than 50 U.S. companies in 2009."
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Alcoa Primary Aluminum - North America: News: News From Primary Aluminum - North Americ... - 0 views

www.alcoa.com/...power_deal.asp

shared by Yadkin River on 04 Dec 11 - No Cached
  • Yadkin River on 04 Dec 11
     
    Alcoa - July 15 2008 - Wenatchee, WA - 17 year deal - to 2028
Yadkin River

The Jamestown Foundation: China Makes Strides in Energy "Go-out" Strategy - 0 views

www.jamestown.org/...single

china goabroad GOINGOUT yadkin Alcoa

shared by Yadkin River on 19 Dec 11 - No Cached
  • Yet this new strategy is taking the shape of a formula of “loans-for-energy,” which involves a mix of state-owned and private actors.
  • hese complex arrangements indicate that China’s expansion of overseas-energy assets is a long term goal and that it is increasingly interested in securing Chinese outward investments from its international partners.
  • Put more of China’s $2 trillion foreign reserves into hard assets -- Zhang Guobao, vice minister of the National Development and Reform Commission and head of the NEA, had pointed out in a signed article published in December 2008 in the People’s Daily (a strong indication of being authoritative statements of government policy) that China should seize the timing of the oil price slump on the  international market to increase imports and Chinese enterprises are encouraged by the government to expand overseas (China Daily, March 9).
  • ...5 more annotations...
  • his model is more in line with the Chinese government’s preference for financing acquisitions, since it gives Chinese NOCs direct ownership of resources. In contrast to the other three deals, Chinese NOCs could only extend loans to foreign NOCs for guaranteed oil supplies or possible special access to future exploration projects.
  • China’s new venture with Kazakhstan deviates from the “oil-for-loans” formula. The $5 billion loan from CNPC will give Chinese oil firms a 50 percent stake in the joint purchase of MangistauMunaiGaz (MMG), Kazakhstan’s biggest private oil and gas company (Reuters, April 17). This deal is more like a “loan-for-oil assets” transaction than one of “loan-for-promised-oil supply," which characterizes the previous three contracts, and CNPC will receive half of the oil that will be produced by the jointly owned MMG (the other 50 percent will be owned by the Kazak state-owned firm KazMunaiGas).
  • he global economic crisis has presented China with a rare opportunity to trade its abundant foreign currency reserves for oil, mineral and other resources around the world. China now has roughly $2 trillion in foreign exchange, ranking number one in the world, and many state firms are also flush with funds (The Associated Press, February 18). Beijing is considering setting up an oil stabilization fund to support purchases of overseas resources by Chinese oil companies. The plan was submitted at NEA’s National Work Conference on Energy held in March 2009 (Xinhua News Agency, March 2).
  • The recent large energy activities are not the first time Chinese NOCs have entered “loans-for-oil” deals. In 2004, Chinese banks financed Rosneft’s acquisition of Yuganskneftegaz with a $6 billion loan and CNPC received a pledge of long-term supply contracts via rail in exchange (Platts Community News, February 19)
  • These “loans-for-oil” activities will remain an active component of the Chinese overseas resource acquisition strategy given the current global economic and energy conditions.
Yadkin River

» Blog Archive » Central Park Poll Results of Yadkin Project - 0 views

insidestanly.com/?p=6338

DEC2011 Water Alcoa Yadkin CleanTech

shared by Yadkin River on 10 Dec 11 - No Cached
  • A survey of 500 registered voters across North Carolina indicated that most North Carolinians overwhelmingly oppose such an agreement.
  • Many environmentalists and state and local officials in the region have remained steadfast in their belief that the river should be controlled by a publicly held trust in order to provide better benefits to the region and state. 
  • Alcoa lost a critical water quality permit last year when internal company e-mails showed that officials withheld information that downstream waters may not meet state standards. In addition, although elevated levels of PCBs produced by Alcoa have been found in fish in the river, Alcoa fought the installation of signs along Badin Lake warning people not to eat the contaminated fish, which infuriated many local lake residents.
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  • According to Nancy Gottovi, Executive Director of Central Park NC, the December 15 deadline looks like an attempt to apply enormous political pressure on local officials and the Governor to drop their opposition to the 50-year license
  • 72% of North Carolina registered voters said no to Alcoa being granted a new 50-year license, while 76% stated that they would prefer that a “public trust” control the Yadkin River and use the hydroelectricity as an incentive to bring jobs to North Carolina. The majority of voters (60%) also indicated that they were usually skeptical when a multinational corporation like Alcoa tells a community they will provide permanent jobs. The majority of voters (58%) also agree with the statement “Every effort must be made to protect our water resources, even if it makes recruitment of industry more difficult.”  An overwhelming majority of voters (74%) support Governor Perdue’s opposition to a new 50-year license for Alcoa to control the Yadkin River because she believes the waters of the Yadkin River belong to the people of North Carolina and should be used to help create new jobs and economic opportunity for the region.
  • We were concerned that the Yadkin relicensing issue was being seen as a local Stanly County issue, and that the opinions of residents throughout the entire river basin were not being heard.  We also see this as a major public policy issue that has implications for the entire state.  The control of water resources is immensely important as we plan for future growth in terms of drinking water, but also for clean, renewable energy. 
Yadkin River

Alcoa Primary Aluminum - North America: News: News From Primary Aluminum - North Americ... - 0 views

www.alcoa.com/...wenatchee_hydro.asp

shared by Yadkin River on 04 Dec 11 - No Cached
  • Yadkin River on 04 Dec 11
     
    Dec 6 2007 - Wenatchee, WA - 17 year agreement - through 2028 - tenative 
Yadkin River

Candidate Survey: State House District 67 - Republicans - News14.com - 0 views

triad.news14.com/...ouse-district-67---republicans

ALCOA McCroy JUSTINBURR yadkin

shared by Yadkin River on 18 Dec 11 - No Cached
  • Justin Burr has yet to respond to the News 14 Carolina survey.
  • Yadkin River on 18 Dec 11
     
    McCroy JUSTINBURR yadkin 
Yadkin River

Alcoa: News: News Releases: Alcoa Inc. and Aluminum Corporation of China ("Chinalco") t... - 0 views

www.alcoa.com/...news_detail.asp

alcoa yadkin chinaalco financing

shared by Yadkin River on 19 Dec 11 - No Cached
  • Chinalco and Alcoa jointly announced today that the two companies intend to explore opportunities to expand their commercial relationship by identifying strategic ventures that will benefit from the companies’
  • n connection with these matters, Alcoa and Chinalco have also entered into an agreement by which Chinalco will redeem the convertible note issued by Shining Prospect Pte. Ltd., a wholly-owned subsidiary of Chinalco, to Alcoa last year for the funding of Shining Prospect’s purchase of ordinary shares in the London-listed Rio Tinto plc. The original principal amount of the note would have been payable on February 1, 2011. Under the terms of the agreement entered into today, the note will be redeemed by Chinalco for a total of US$1.021 billion payable to Alcoa in three installments (over a period ending on July 31, 2009), and Alcoa’s lien on and indirect interest in Rio Tinto shares held by Shining Prospect will end. The total redemption amount represents the discounted net present value of the principal amount of the note (and the total redemption amount will be further discounted if any installment payment is made earlier than contemplated by the agreement). The agreement also provides that Alcoa's pro rata portion of the dividends paid by Rio Tinto to date since the issuance of the note as and when recovered by Shining Prospect will be paid to Alcoa.
Yadkin River

Alcoa and Chinese Rival Buy 12% Stake in Rio Tinto - New York Times - 0 views

www.nytimes.com/...02mines.html

chinese ALCOA YADKIN GOINGOUT

shared by Yadkin River on 19 Dec 11 - No Cached
  • SHANGHAI — The state-owned giant Aluminum Corporation of China and the Aluminum Corporation of America stunned analysts and investors Friday by buying a minority stake in Rio Tinto, the world’s third largest mining company.
  • “The Chinese are probably the best capitalists that communism will ever have given birth to,” said Michelle Applebaum, head of an independent steel equity research firm in Chicago.
  • Last year, China’s state-controlled sovereign wealth fund — another increasingly visible and controversial measure of the new wealth of the nation — invested in the private equity firm Blackstone. Later, it paid about $5 billion to buy a small stake in Morgan Stanley.
  • ...6 more annotations...
  • Now, China appears to be making another bold play to capture the natural resources it needs to fuel its fast-growing economy.
  • Most of the $14 billion came from Chinalco, which is ultimately controlled by the government in Beijing. Alcoa, which is based in Pittsburgh, contributed only about $1.2 billion to purchase the Rio stake.
  • "We believe that the Chinese recognize that control will likely be elusive — if not impossible — and that ownership of its raw material resources is key to the future.”
  • The statement, analysts say, was a hint that the two could team up with other companies or entities, possibly from China, to bid for all of Rio and wage a tough takeover battle with BHP, driving up the price of Rio shares.
  • partly because of suspicions that the Chinese government could be behind the deal.
  • Neither Chinalco nor Alcoa have the cash or stock to make a $150 billion bid, analysts say. Shares of Alcoa are worth about $30 billion and Chinalco shares in China are worth about $50 billion.
Yadkin River

Alcoa Gets Deeper Into China With New Joint Venture - Forbes - 0 views

www.forbes.com/...o-china-with-new-joint-venture

ALCOA CHINA GOINGOUT GOOUT YADKIN

shared by Yadkin River on 19 Dec 11 - No Cached
  • Alcoa Gets Deeper Into China With New Joint Venture
  • he JV will focus on the technical expertise of both the companies to leverage this growing market.
Yadkin River

In Yadkin fight, Alcoa loses again: Federal appeals court upholds FERC denial | Citizen - 0 views

www.indyweek.com/...eals-court-upholds-ferc-denial

shared by Yadkin River on 04 Dec 11 - No Cached
  • Alcoa cannot receive a new federal license for the hydro project if it does not have a 401 certification. It is hard to imagine Alcoa claiming it did not mislead NC DENR when the words in those emails speak for themselves.
  • Yadkin River on 04 Dec 11
     
    Alcoa cannot receive a new federal license for the hydro project if it does not have a 401 certification. It is hard to imagine Alcoa claiming it did not mislead NC DENR when the words in those emails speak for themselves.
Yadkin River

New plant to impact timber industry most | The Natchez Democrat - 0 views

www.natchezdemocrat.com/...to-impact-timber-industry-most

CleanTech Correnti sugar woods

shared by Yadkin River on 04 Jan 12 - No Cached
  • plants to turn wood chips into cellulosic sugars that can be used in fuel, pet foods, cosmetics, lubricants and other products.
  • When the Natchez HCL Cleantech plant opens, Russ said, it will use 1 million tons of pine or softwoo
  • To put the figure into perspective, Russ said International Paper’s Natchez plant was using 1.2 million tons of wood a year at its peak before it closed.
  • ...6 more annotations...
  • “That’s very substantial — 1 million tons of wood (a year),” Ulmer said.
  • And since timber industries usually work 200 days a year, Ulmer said, hauling HCL Cleantech’s projected demand would mean 185 truckloads would be hauled a day.
  • “We have a vast resources of timber,” Ulmer said.
  • He said the supply of timber was constantly replenishing itself when IP was in town.“We have never cut our growth,” Ulmer said.
  • Sen. Kelvin Butler, D-Magnolia, said the area’s abundance of timber helped land the new company.“We’re just excited that they picked our area because they’ll be using pine, and that’s one of the resources we have right here in southwest Mississippi,” Butler said.
  • Johnson said the company has received more than $10 million in federal grants, some coming from the U.S. Department of Energy.
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