Group items tagged

So much misinformation. FERC statement about not being an option is boiler plate language referring to there be no other applicant at time license filed. Alcoa gave up rights when they accepted monopoly use of public waters as free fuel and argued for 30 year license in vs. 50 license because they wanted extra years to recover building Tucker Town and new pot lines. They acknowledged they had no assurances of keeping the project property at end of license period. Water worth billions and tens of thousands of jobs should not be traded for pennies and a promise. The water is what will guaratee jobs and prosperity ...not Alcoa. Hydro is self financing...will not cost the tax payers a dime. Forward contracts on power sales or revenue bonds like financed Santee will get the job done. Comment by Waterperson - December 9, 2011 2:20 PM

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.

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).

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.

 In recent years, the "go-out" process of central government-owned enterprises has been accelerated, and CHINALCO has been a star in the "go-out" drama of the central government-owned enterprises. Following is an interview with CHINALCO Party Secretary and President Xiong Weiping ——

This marks another major step forward for CHINALCO down the road of developing resources overseas.

We tried to get aligned to the leading international companies, and also approached the best private companies in China to learn from them. We reformed our management system and management structure. We changed our practices in selecting leaders

They propose establishing the "Clean Energy Deployment Administration" as proposed by Senate Democrats, saying that if properly funded, it could create more than 100,000 jobs.

ncluding the creation of a new government "financing institution" funding by up to $8 billion from the Treasury to "boost and maintain annual energy investments" to $30 billion or $40 billion annually.

open a manufacturing plant that would create 900 jobs.

Brown told the AP that the new jobs could pay $40,000 to $50,000 a year. He said he didn''t know what kind of incentives the state will offer.

The state issues bonds as long-term debt to finance big projects such as construction or repair of highways or public buildings, or to provide incentives to lure companies to Mississippi. After legislators authorize bond debt, bonds are issued by the state Bond Commission, made up of the governor, the state treasurer and the attorney general.