Skip to main content

Home/ Groups/ Yadkin Docs
Rss Feed
Sort By: Most Recent | Popular Filter: All | Bookmarks | Topics Simple Middle
Yadkin River

Alcoa Fights Back: Further Developments in M&A - Mining Technology - 0 views

www.mining-technology.com/...feature1875

CHINA YADKIN ALCOA GOINGOUT RIO

shared by Yadkin River on 19 Dec 11 - No Cached
  • They reproduced a letter from one such hedge fund, Jana Holdings, which read: "Given Alcoa's long history of failing to generate shareholder value through acquisitions, we believe that its greatest value can be realised through a sale or break-up of the company." "Marketplace valuations on reserves and resources are ridiculously cheap across the mining commodity spectrum," says Renken. "Hence the pressure on Alcoa's board to 'make things happen' corporately to get a better valuation on their own shares."
    • Yadkin River
      Yadkin River on 19 Dec 11
       
      DID THE CHINESE SAVE ALCOA ?
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

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

Example of Chinese Investments - Chinese Investors - 0 views

www.chineseinvestors.co.uk/examples_investments.php

ALCOA Chinalco YADKIN

shared by Yadkin River on 19 Dec 11 - No Cached
  • China is undeniably a global economic powerhouse. While the global financial crisis was a catastrophe for most economies, it was more an opportunity than a challenge for China. United States is keen to allow Chinese investment into small and medium US banks. America now realises that for its economy to come out of the crisis fully, foreign investment is badly required. Meanwhile, China with its $2-trillion foreign currency assets is on the prowl.
  • n February 2008, Aluminum Corp of China (Chinalco) joined hands with Alcoa Inc to buy a 12 per cent holding in UK-listed Rio Tinto for $14 billion, just days before mining rival BHP Billiton (the Australian mining giant) was to make a formal offer for Rio Tinto.
  • enovo Group, acquired the controlling stake in IBM's PC business. The $1.25 billion deal saw Lenovo jump to the third spot amongst the world's largest PC makers.
Yadkin River

Waiting for the floodgates to open - 0 views

www.smh.com.au/...es-to-open-20110909-1k1uc.html

china going out alcoa foreign investment

shared by Yadkin River on 19 Dec 11 - No Cached
  • Each working day the People's Bank of China buys more than $US2 billion ($1.88 billion) worth of foreign currency from Chinese businesses and invests it overseas. China's outbound direct investment - the portion that matters to Australian takeover targets - has increased 30-fold in seven years. ''We've had something like 260 projects approved since November '07, $65 billion worth,'' says Frances Adamson, Australia's new ambassador in Beijing.
  • ''If China follows the typical pattern of an emerging economy, it will ship $US1 trillion to $US2 trillion in direct investment abroad by 2020.''
  • hina's "go out" investment strategy became policy in 1999 and began to get noticed around the world about 2007 when China's foreign exchange reserves began to break records. But the strategy was really conceived in the 1970s and born in the 1980s in collaboration with Australia.
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

"Going abroad" and how to make it happen - People's Daily Online - 0 views

english.peopledaily.com.cn/...6639594.html

shared by Yadkin River on 18 Dec 11 - No Cached
  • Now is the opportune time for China to accelerate its "going abroad" strategy and expand foreign direct investment to take advantage of the opportunity to establish a new structure for its diversified assets portfolio. This would include the simultaneous development of domestic and foreign assets, physical and virtual assets, as well as upstream and downstream assets.
  • advanced technologie
  • Secondly, China should invest in and develop natural resource projects abroad that can address its lack of resources.
  • ...4 more annotations...
  • In recent years, Chinese enterprises have been accelerating steps to make use of both domestic and international resources on a mutual benefit and win-win basis. Not only have large-sized state-owned enterprises and joint-stock enterprises initiated investments in resource development projects in Africa, some small and medium-sized private enterprises have also started to engage in high-risk investment projects, including early-stage mineral explorations in regions such as Southeast Asia, Africa and Latin America.
  • , involves infrastructure,
  • comprehensive development of mineral resource
  • ople's Daily Online and the chief economist under the National Development and Reform Commission (NDRC)
Yadkin River

Go Out policy - Wikipedia, the free encyclopedia - 0 views

en.wikipedia.org/...Go_Out_policy

ALCOA yadkin GOINGABROAD chinese

shared by Yadkin River on 18 Dec 11 - No Cached
  • February 2009: Chinalco injected $19.5bn cash into the Australian mining company Rio Tinto, increasing its stake from 9 per cent to 18 per cent
  • May 2005: Lenovo bought IBM's personal computer division
Yadkin River

Global Principal Partners :: Principals - 0 views

www.globalprincipal.com/principals.htm

shared by Yadkin River on 18 Dec 11 - No Cached
  • Mr. Stickler and his wife, Ms. Rebecca Ping Li, reside in both the United States and China.
Yadkin River

Steel firm wants to diversify overseas - China.org.cn - 0 views

www.china.org.cn/...content_22068121.htm

development Correnti steel

shared by Yadkin River on 18 Dec 11 - No Cached
  • The company and the US-based Steel Development Company signed a deal in September last year to jointly build a steel rebar project in the US market. Total investment in the Mississippi steel rebar project is $168 million, with Anshan Steel taking a 14-percent share. Anshan Iron also plans to acquire nickel and chromium resources through overseas mergers or purchases, as the company considers building a stainless steel and specialty steel business to further diversify, Zhang said. Wang Min, Party chief of Northeast China's Liaoning province, where Anshan Steel is located, said the merger between Anshan Iron and Benxi Iron and Steel Group will make progress soon.
  • Yadkin River on 18 Dec 11
     
    The company and the US-based Steel Development Company signed a deal in September last year to jointly build a steel rebar project in the US market. Total investment in the Mississippi steel rebar project is $168 million, with Anshan Steel taking a 14-percent share. Anshan Iron also plans to acquire nickel and chromium resources through overseas mergers or purchases, as the company considers building a stainless steel and specialty steel business to further diversify, Zhang said. Wang Min, Party chief of Northeast China's Liaoning province, where Anshan Steel is located, said the merger between Anshan Iron and Benxi Iron and Steel Group will make progress soon. Anshan Steel announced in 2005 that it agreed to acquire Benxi Steel to form Anben Iron and Steel Group; however, the two firms have yet to transfer their operating assets to the new entity. The two companies' financial, sales and purchasing departments haven't been integrated. The move is a part of Anshan Steel's bid to reach an annual production capacity of 60 million tons in the next five years and to become one of the world's top five steelmakers by 2015.
Yadkin River

US lawmakers urge probe of Chinese steel investment - 0 views

www.chinadaily.com.cn/...content_10054891.htm

chinese hydro electric steel development armory ms

shared by Yadkin River on 18 Dec 11 - No Cached
  • Chinese mining company
  • China National Offshore Oil Cor
    • Yadkin River
      Yadkin River on 18 Dec 11
       
      Gold Mine , Petro(oil) , Yadkin (Water) ? China's Going Abroad Strategy
Yadkin River

Angang Steel to issue up to $2.2 bln bonds, notes | Reuters - 0 views

www.reuters.com/...anshan-idUSL3E7LB3FD20111011

shared by Yadkin River on 18 Dec 11 - No Cached
  • China's steel sector, which produces about half of the world's steel output, is struggling with low profitability and its fragmented industry faces an overhaul in line with China's economic restructuring.Expensive iron ore costs plus weak demand for flat steel products have squeezed margins of Chinese major steelmakers such as Angang and Baosteel . ($1 = 6.375 Chinese Yuan) (Reporting by Stephen Aldred; Editing by David Holmes)
Yadkin River

China Anshan says still committed to US investment | Reuters - 0 views

www.reuters.com/...nshan-us-idUSTOE67J04L20100820

china yadkin CleanTech

shared by Yadkin River on 18 Dec 11 - No Cached
  • suspended its plans to invest in a U.S. steel plant being built by Steel
  • evelopment Co because the plan faced limited prospects for success
  • national security. [ID:nN02241776
Yadkin River

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."
Yadkin River

China's 'go abroad' policy produces effects - People's Daily Online - 0 views

english.peopledaily.com.cn/...7443645.html

china GOINGABROAD goabroad yadkin

shared by Yadkin River on 19 Dec 11 - No Cached
  • Dong Songgen, vice chairman of the China Council for the Promotion of International Trade, said that Chinese enterprises' cumulative outbound direct investments stood at 260 billion U.S. dollars at the end of 2010. The pace of Chinese enterprises' "going abroad" will be further accelerated during the 12th Five-Year Plan period. According to a recent report released by the U.S.-based Asia Society, China's gross overseas investments are expected to reach 2 trillion U.S. dollars by 2020.
  • Data shows that Chinese enterprises have established 13,000 enterprises in 177 countries and regions.
  • In terms of countries and regions, the United States is still the largest investment destination for Chinese enterprises, with 28 percent of Chinese enterprises surveyed planning to invest in the United States
  • ...4 more annotations...
  • The number of China's enterprises that invest in foreign countries through mergers and acquisitions is also growing, and their investment accounts for 22 percent and 15 percent of the total in developed countries and in developing countries, respectively
  • In addition, more than 30 percent of the enterprises have adopted the mode of founding a joint venture.
  • Xu said that the foreign investment of China's enterprises cover various kinds of industries. Of them, the industry in which China invests in most heavily is the manufacturing industry, and the proportion of China's foreign investment in this industry to total foreign investment is 78 percent in developed countries and 71 percent in developing countries.
  • Ma Yu said that the main part of China's foreign investment is still done by state-owned enterprises currently. According to statistics, the foreign investment from state-owned assets plays an absolutely dominant role.
Yadkin River

watt: Definition from Answers.com - 0 views

www.answers.com/watt

hydro electric power Yadkin Reference

shared by Yadkin River on 15 Dec 11 - No Cached
  • The derivative units are kilowatt (1,000 W; kW) and megawatt (1,000,000 W; MW), used in electric power systems,
  • U.S. nuclear power plants have net summer capacities between about 500 and 1300 MW.[7]
Yadkin River

Hydroelectricity: Definition from Answers.com - 0 views

www.answers.com/...hydroelectricity

hydro electric power economic

shared by Yadkin River on 15 Dec 11 - Cached
  • Barnes, Marla. "Tracking the Pioneers of Hydroelectricity." Hydro Review 16 (1997): 46.Federal Energy Regulatory Commission. Hydroelectric Power Resources of the United States: Developed and Undeveloped. Washington, 1 January 1992.———. Report on Hydroelectric Licensing Policies, Procedures, and Regulations: Comprehensive Review and Recommendations Pursuant to Section 603 of the Energy Act of 2000. Washington, May 2001.Foundation for Water and Energy Education. Following Nature's Current: Hydroelectric Power in the Northwest. Salem, Oregon, 1999.Idaho National Engineering Laboratory and United States Department of Energy—Idaho Operations Office. Hydroelectric Power Industry Economic Benefit Assessment. DOE/ID-10565.Idaho Falls, November 1996.———. Hydropower Resources at Risk: The Status of Hydropower Regulation and Development 1997. DOE/ID-10603.Idaho Falls, September 1997.United States Department of Energy, Energy Information Administration. Annual Energy Review 2000. DOE/EIA-0384 (2000).Washington, August 2001.United States Department of Energy—Idaho Operations Office. Hydropower: Partnership with the Environment. 01-GA50627. Idaho Falls, June 2001.
Yadkin River

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
Yadkin River

Stock:Alcoa (AA)/News/3308253 - 0 views

www.wikinvest.com/...3308253

stock alcoa

shared by Yadkin River on 18 Dec 11 - No Cached
  • Last month Forbes reported that aluminum prices have fallen below the cost of output for many producers, "creating a scenario in which global production may suffer in the months ahead if prices do not recover."
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 
‹ Previous 21 - 40 Next › Last »
Showing 20▼ items per page