George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Tata looking to press the investment button for the UK might not afford the subsidy to Wales .
Another year of sterling whittled down and the offer of investment might look more attractive; what with their substantial group liabilities.
money exaggerates these traits,you can see it in certain peeps postings,anger,frustration,optimism,negativity,happy,depressed,confused,theyre all there,but in real life on the surface,theyre probably hidden from friends and family,weird innit,this cyber world,niteeeeeeeeeeee.
we're all the same on here lego,except we all have different personalities that show up in our posts,we;re all just here to make a few bob and learn from our mistakes,if that's possible with re occurring recessions to spoil the party.lol.anyway,beddi time,i cant handle the early morning like you,unless ime at work.nitey nite m8y.
your a dynamic chappi
I know you know
its got us stumped aswell,it's all here in black n white,maybe they're just floating us,keeping a cut and paying the debt off,unless they've aleady paid it off,cant you ask someone higher?maybe we'll get some free shares like from the bsc days.lol.
I asked gally and he doesn't know about an ipo.....it must be something to do with the 4 billion they borrowed to buy us off corus !! Lol
I work for these and didn't know they were listed,even the guys at work thought we were privately owned? no shares in issue,hmm,maybe its not listed just yet,this is odd.lol
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great find.................a nice quiet board for me...... last post by MULLY.......2012 have a check on my posts on CRES?, a bit mixed up on last couple of mine as id been on the ZINDAFEL however slewed sideways from CRES to HARGREAVES to TATA. checking out the blast furnaces restarting at REDCAR and the relationships with HARGREAVES. again going all over the place here, we have 3 posters on CRES and need some help to fathom out where the company is heading ....
Steel giant Tata is to invest hundreds of millions of pounds in the Welsh steel industry over the next five years, it was revealed today. Returning from a trade mission to India, the First Minister of Wales said that Tata planned to invest £800m in the country. Carwyn Jones met the vice- chairman of Tata Steel, Balasubramanian Muthuraman, as part of the Welsh government's three-day mission. They discussed Tata's investment strategy for Wales and the Welsh government's continuing partnership with the company, The Telegraph says.
redundancies to be announced at Corby at 11am ish, possibly tomorrow due to unions etc etc
where are you hearing this information from ?
Mass redundancies at Corby and possibly across the UK. Final salary pension looks set to take a hammering..........all not good
http://www.investegate.co.uk/Article.aspx?id=201108121046052742M
Tata Steel UK Limited- Teeside Cast Products We refer to our announcement dated February 24, 2011 and the press release attached to it, informing you about the definitive Sale Agreement entered into by our subsidiary Tata Steel UK Limited, whereby they agreed to sell certain assets of Teeside Cast Products to Sahaviriya Steel Industries UK Limited We wish to inform you that the transfer of ownership of the assets covered by the above Agreement was completed yesterday.
http://www.investegate.co.uk/Article.aspx?id=201103250700056246D
24 February 2011 Tata Steel signs definitive agreement with SSI for sale of TCP Tata Steel UK Limited (Tata Steel) has today signed a definitive sale agreement to sell certain assets of Teesside Cast Products (TCP) to Sahaviriya Steel Industries UK Limited (SSI), a subsidiary of Thailand's largest steel producer, in a deal valuing the business at $469 million. The agreement is the most significant achievement in the 22 months since Tata Steel began an exhaustive search for an alternative future for TCP, after the illegal withdrawal by a consortium of offtakers from a 10-year supply agreement. The next step will be the completion of the transaction, which will take place by the end of March. Karl-Ulrich Köhler, MD & CEO of Tata Steel in Europe, said: "I am very encouraged that after all our efforts we have been able to reach this agreement, which is good news for the highly skilled and dedicated Teesside workforce. "I commend SSI, the government and the trade unions for their roles in bringing about this agreement, and in particular the people of Teesside for the spirit and fortitude they have shown throughout the last, difficult two years. "I should point out that Tata Steel intends to retain a major presence in Teesside. After the successful completion of this transaction, Tata Steel will remain one of the largest private-sector employers in the area with more than 1,800 employees."
cont. Mr Win Viriyaprapaikit, President of SSI, said: "This is a historic moment for both Teesside and SSI, one that would not have been possible without the local community's passion for steel-making and the help of the UK Government. We look forward to resuming production of the top quality slab for which the plant is renowned as soon as possible. "Owning Teesside Cast Products will enable us to achieve our long-standing ambition of becoming a fully integrated steel producer. This transaction will give us a strong platform for future growth, increase our resilience to industry cycles and give us opportunities to diversify into new markets and products." The UK Business Secretary, Vince Cable MP, said: "This deal is very good news for workers at the Teesside plant and the region. I welcome the return of steelmaking to this historic steel site later this year. Coming just over a year after the plant was mothballed, it is a tribute to both companies involved - Tata Steel and SSI. "Both parties have worked hard since August to reach a successful outcome on what has been a complex negotiation. This is a significant inward investment by SSI which will help to sustain the 700 jobs at the plant and create new ones at the site and the wider local economy." The assets covered by the sale include the Redcar Blast Furnace, the Redcar and South Bank coke ovens, TCP's power generation facilities and sinter plant, and the Lackenby steelmaking and casting facilities. The deal will also result in Tata Steel and SSI entering into a joint venture to operate Redcar Wharf (TCP's bulk terminal), giving Tata Steel the flexibility to use Teesside to serve its other steelmaking operations, while also meeting SSI's requirements on Teesside. Tata Steel will continue to operate two large-diameter tube mills in Hartlepool, the Skinningrove special sections mill, Teesside Beam Mill and Teesside Technology Centre.
http://www.investegate.co.uk/Article.aspx?id=201102241640078313B
hi there, anybody out there with any news regarding this share? I thought part of the TATA deal buying out CORUS for £6.08 per share was that the company could not then relist the company back on the stock market? Any news would be appreciated. If this goes to half of the CORUS share price then this is a good buy in price. Worth researching! yes or no
I have been trying to buy this one through HSBC investdirect; however, no luck! Though this is here in the LSE it is not available through HSBC!!!!!!!!!!!!!!!!! Anyone having any suggestions??!! Cheers