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Archive for October 30th, 2008

ZAGREB 1 DRILLING FOR PEMEX

Posted by Gilmour Poincaree on October 30, 2008

10/29/2008 6:11:13 PM GMT

Filed from Houston

MEXICO: Crosco Integrated Drilling & Well Services semisubmersible Zagreb 1 is drilling for Mexican Zagreb 1, a Pentagone design semi built in 1977national oil company Pemex in the Gulf of Mexico. Services for Pemex are being provided in cooperation with the Croatian drilling contractor’s local Mexican partner, GOIMAR.

Zagreb 1 is testing and completing the well Pox-1 as part of an 18-month drilling and services contract, which began in early June.

Zagreb 1 underwent an upgrade and refurbishment prior to commencement of the Pemex contract. The rig is capable of drilling in water depths of up to 1,500 feet (457.2 m).

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PUBLISHED BY ‘ENERGY CURRENT’

Posted in COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ENERGY, INDUSTRIAL PRODUCTION, INTERNATIONAL, MEXICO, NATURAL GAS, NORTH AMERICA | Leave a Comment »

SOUTH FLORIDA COMMUTER TRAINS SWITCH TO BIODIESEL

Posted by Gilmour Poincaree on October 30, 2008

October 29, 2008

South Florida’s inter-county Tri-Rail system is to start operating on bio-diesel, the South Florida Regional Transportation Authority has announced today.

Eight of 10 Tri-Rail locomotives, which run between Miami, Fort Lauderdale and Palm Beach, will use a 99% blend of either palm or soy oil, official say. The other two locomotives will continue to use regular diesel.

Because of Miami’s warm climate, the Tri-Rail is one of the few commuter rail systems in the country that can tolerate such a high blend of bio-fuel (biodiesel will congeal at cold temperatures).

While the Tri-Rail locomotives use 7 percent more fuel when operating on biodiesel, the fuel costs approximately 30 cents per gallon less than diesel, according to the South Florida RTA.

– David Adams, Times Staff Writer

Posted by Times Editor at 12:57:42 PM on October 29, 2008

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PUBLISHED BY ‘THE FUELLING STATION’

Posted in AGRICULTURE, BIODIESEL, BIOFUELS, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENVIRONMENT, O BIODIESEL, THE FLOW OF INVESTMENTS, USA, VEGETABLE OILS | Leave a Comment »

PARA HISTORIADOR, FUTURO POLÍTICO DE LHS ESTÁ LIGADO SOMENTE A JOINVILLE – Segundo especialista, a vitória de Carlito alavanca candidatura de Ideli em 2010 (SC)

Posted by Gilmour Poincaree on October 30, 2008

Segunda-feira, 27 de Outubro de 2008

O resultado da disputa pela prefeitura em Joinville (SC) pode indicar tendências para o cenário político CARLITO MERS catarinense. A derrota de Darci de Matos (DEM), nas urnas nesse domingo, significa uma derrota pessoal do governador, Luiz Henrique da Silveira (PMDB). É o que avalia o historiador da Universidade Federal de Santa Catarina (UFSC), Waldir Rampinelli.

“O Luiz Henrique é de lá [Joinville], foi prefeito de lá e apostou muito na cidade. O resultado das urnas é uma derrota acachapante para o governador, analisou Rampinelli. Por outro lado, a vitória do petista Carlito Mers representa uma vitória também da senadora Ideli Salvati, que apoiou o candidato e quer ser governadora, aponta o historiador.

Joinville tem hoje 487 mil habitantes mais do que a capital Florianópolis e 340 mil eleitores. A partir da década de 1950 viveu um período de grande expansão da atividade industrial, chegando a ser chamada de a Manchester Catarinense, uma alusão cidade inglesa, que foi um dos berços da revolução industrial.

Mas, de acordo com Rampinelli, hoje a cidade vive outra realidade. Joinville foi muito importante em Santa Catarina nos anos 1960 e 1970 por causa da industrialização. As pessoas vinham muito do interior para trabalhar em Joinville e havia emprego para todo mundo. Hoje, a cidade não tem mais esse surto industrial e já há pessoas fazendo o contrário, voltando para o interior. Joinville não abriga mais tanta mão-de-obra, apontou.

No primeiro turno, Darci de Matos teve 23,96% dos votos contra 36,14% de Carlito, da coligação Joinville de Toda Sua Gente (PT-PR). Rampinelli destacou que os processos de cassação que Luiz Henrique enfrenta atualmente na Justiça, contribuíram para o desgaste da imagem dele e, conseqüentemente, de Darci.
Postado por Antônio Anacleto às 09:00

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PUBLISHED BY ‘GAZETA DE JOINVILLE’

Posted in BRASIL, CIDADES, O PODER EXECUTIVO ESTADUAL, O PODER EXECUTIVO MUNICIPAL, OS GOVERNADORES, OS PREFEITOS, PARTIDO DO MOVIMENTO DEMOCRÁTICO BRASILEIRO (PMDB), PARTIDO DOS DEMOCRATAS (PD), PARTIDO DOS TRABALHADORES (PT), PARTIDOS POLÍTICOS - BRASIL, POLÍTICA - BRASIL, POLÍTICA REGIONAL, SC | Leave a Comment »

METAL PRODUCTION DECLINES AS PRICES DIP

Posted by Gilmour Poincaree on October 30, 2008

30 Oct, 2008, 0533 hrs IST,MV Ramsurya, ET Bureau

MUMBAI: The slowdown in global economy due to the liquidity crisis has affected among all sectors, the metals industry such as steel plants-an integral part of the metals sector-are currently mulling production cutbacks and price cuts, a reminder of the situation way back in 2000 when the industry faced its worst crisis ever. The impact isn’t limited to steel alone; the non-ferrous industry including aluminium and copper has also seen a sharp reduction in prices although this industry hasn’t so far indicated any move toward a cut in production.

While it is reliably learnt that primary steel producers such as JSW Steel, Essar Steel and Ispat Industries have been exploring product rationalisation options, they haven’t commented on the issue officially so far. The companies however have gone ahead with production cuts in their overseas units as the situation is more grim in the US and Europe where the liquidity crisis has squeezed out demand. Locally the companies are learnt to be actively exploring options to cut production by about 10% to 20%.

Although the slowdown has affected most companies, those making commercial grade were more affected compared to those that have a ‘versatile’ product basket. This is because prices of the base-grade steel like hot rolled coils, has come down sharply by almost $350 per tonne in the past 45 days. The volatility is less in higher value products made by larger companies such as Tata Steel.

The fall in prices has been attributed to both the credit squeeze and a fall in Chinese demand. “In China, production has fallen drastically because of slowing demand,” said JSW Steel finance director M V S Seshagiri Rao. For example, China used to make 45 million tonnes of steel every month till July, which is equal to about 10 months of total production in India.

“That has come down to 41 million tonnes in China and is likely to fall further,” added Mr Rao. Tight cost-control measures has tightened corporate spending on fixed assets and metal consumption in China, say international reports. According to Indian steel industry executives, some Chinese steel mills are cutting output. It is estimated that 1.25 million to 1.3 million tonnes of hot rolled coil production will be lost because of current out-ages at large steel mills. Some companies have stopped production of low-value-added products such as slab, rebar and wire.

The state-run NMDC, which supplies most of the iron ore requirements to Indian steel companies, is likely to meet Japanese steel buyers. “We will take a decision on fixing ore prices anytime, it could be after the meet in Japan or before that also,” said chairman Rana Som. The state-run ore supplier is likely to revise price upward as “long-term contract prices are lower than spot prices,” said Mr Som.

In the non-ferrous sector also, the situation is not very different. The Anil Agarwal-controlled Vedanta Resources on Tuesday said that its copper cathode production at Tuticorin has fallen by 13.4% to 149,000 tonnes. Although this is due to a planned 26-day maintenance shutdown in the first quarter and stabilisation issues in the second quarter, the slowdown in demand could have some impact in the near term. “There is a slowdown for sure,” says Vedanta finance director Tarun Jain. “All asset classes, including metals, have gone in for a de-rating and the liquidity crisis is affecting everybody.”

In aluminium, last week there was a steep price fall leading to most aluminum smelters in the world operating at a loss. A recent Macquarie Research report says that most base metals prices fell sharply last week – nickel was down 28.7%, copper fell by 28.5%, zinc was down 18.6% and aluminum by 11.5% as “the market is factoring in a sharp downturn in global demand for the next 12-18 months. “The recent fall in Index of Industrial Production numbers shows an output contraction. Mr Rao said that the government should take measures to address the issue.

“It is majorly caused by the liquidity issue…so this needs to be sorted out first. Industry should be given assistance on working capital and on letters of credit. Trade is dying out and that is dangerous for the industry,” he added.

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PUBLISHED BY ‘INDIA TIMES’

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, METALS, METALS INDUSTRY, THE FLOW OF INVESTMENTS | Leave a Comment »

ABORIGINAL JOB PLAN LAUNCHED TODAY (Australia)

Posted by Gilmour Poincaree on October 30, 2008

AM – Thursday, 30 October , 2008 08:12:00

Reporter: Sara Everingham

PETER CAVE: Corporate Australia is pledging to provide almost 5000 jobs for Indigenous people as part of the most ambitious Indigenous employment scheme to date.

The Australian Employment Covenant is being launched in Sydney today by its founder mining magnate Andrew Forrest and the Prime Minister Kevin Rudd.

The plan is to get 50,000 Indigenous people into meaningful work in the private sector in the next two years.

Sara Everingham reports.

SARA EVERINGHAM: It’s an ambitious plan but the Indigenous leader Warren Mundine is confident the Australian Employment Covenant will succeed. He’s helping drive the program founded by Fortescue Metals chief executive Andrew Forrest in August.

Warren Mundine says already almost 5000 jobs are being offered by the corporate sector.

WARREN MUNDINE: Corporate Australia is right onside. Now we need to drill down into the rest of the industries across Australia such as small business and so on.

SARA EVERINGHAM: The plan is to get companies to agree to employ a certain number of Indigenous people with the Government to provide training. The workers in the scheme will be matched up with buddies or mentors to help them stay in the jobs.

Warren Mundine says most of the positions will be in New South Wales, Queensland and Western Australia where most Indigenous people live and he says the positions will cover many fields.

WARREN MUNDINE: Retail, hospitality and tourism, the mining industry, of course. They have a very successful record already, but we’ll break into IT and the law and so on.

SARA EVERINGHAM: But the scheme has its critics. Some argue it’s overly ambitious and others wonder whether Indigenous people will be willing to leave their country to work away from home.

WARREN MUNDINE: You have to overly ambitious. Look at the statistics in regard to Aboriginal employment in Australia. They’re dreadful.

SARA EVERINGHAM: The Indigenous leader Noel Pearson is a strong supporter of the scheme but he says the Government needs to go further in its support.

He wants legislation exempting school leavers from the 90-minute rule that sees people only obliged to take jobs within a 90-minute commuting time, and Warren Mundine agrees.

WARREN MUNDINE: Having to travel and having to move from your community does not isolate you from your country. It does not isolate you from your culture.

PETER CAVE: The Indigenous leader, Warren Mundine ending Sara Everingham’s report.

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PUBLISHED BY ‘ABC.NET’ (Australia)

Posted in AUSTRALIA, INTERNATIONAL, NATIONAL WORK FORCES, NATIVE PEOPLES, OCEANIA | Leave a Comment »