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Ooh, I like that. Under a rainbow. Sounds all dreamy. Lol. Let's see if we have a good week. x
Contrary to what a lot of people think we are not dependent on EU standards driving quality; the UK led the way with many ISO standards. Working on lifting equipment for an oil co, I learnt to be very suspicious of the testing sections of DIN Standards, for example. With a tendency to test the design (ie prototype) but not the production batch. And if you think that the EU countries keep to the rules like we do , then you must be blind and deaf. Our industry made many valuable contributions to ISO standards and will be free to do so again.
God how I hate that pompous git. Can’t stand anybody with a superiority complex just because of the family they were born into tbh. The whole system is run by the privileged to protect what they’ve got.
Evie eve, Eric. Agree ...Annie did very well with her meagre 8 per cent. Found myself standing under a perfect, big rainbow this afternoon...how's that for a portent. Next week then. :-)
X
Annie Lööf is still my fave of the 2018/19 political scene. Lol.
Yes, I'm sure it's more to do with the people than the person who visited. Moggy was rapid in giving Teresa a vote of no confidence, yet now he is backing her to the hilt. Beware flying daggers.
Treetop...I'm sure the people of South Shields were very polite but they didn't vote for him did they.
Soubry is anti democratic and would be the very last MP I would consider voting for and the idea she would represent a party of One Nation moderates is pure fantasy. Mogg impressed me long before the referendum when he was shown visiting South Shields in a programme clearly designed to lampoon the posh git in a poorer constituency. After early tittering his transparent honesty and decency turned opinion round so that everyone had respect for the man.Some achievement in a town where so many still fight the class war.
That was a good point. From 1st April you will be able to buy a child car safety seat which does not conform to CE regulations, it may be seriously inadequate and fail to provide the necessary protection in the event of an accident. The small entrepreneurial companies (including cowboys) who can't afford to access the testing facilities to gain an EU certificate may be able to trade outside Europe but they wont be able to trade within it; so no change there. I know which product I would buy And that's just one example.
Well...I would vote for her if I could but I can't, because she's not my MP...bother! Now what sort of democracy is that? Lol
Anna Soubry gets my vote and a New Party of one nation moderates.
Churchill managed overcome the appetite for appeasement at the beginning of WW2 by a fine margin.
We do not have a Churchill this time round, but if you want a reasoned, informed factual argument for Brexit, if you can concentrate for a full 12 minutes, I would urge you to watch this from the Oxford Union.
https://youtu.be/rJcuKfcxo9w
Yes, I let the likes of John Major, to make the economic arguments. He would argue that, when the jackboots come marching down the M1, it doesn’t matter because they were made in Northampton. atb
Morning. Yes, exactly! This man, along with others, is constantly being smeared as an extremist – on the far-right! This does include, Kate Hoey MP, a gentle creature, who has spent her political career arguing for more, for those that have least – disgraceful! …. Smeared by the same, who are working in cahoots with an unelected foreign power, to thwart the expressed will of the majority of British voters. This PM has the same level of duplicity as John Major, and his failings on the EU subject gave us Tony Blair. Mr Blair, after only six months of his arrival at number ten, abolished capital punishment for treason! Difficult to argue then, that he wasn’t a man of vision! Amen lol. Imo only. atb
Morning Aug. I thought it was superficial and trivial...the farmer and the dead cow. Where's Brexit's plan for the economy I haven't seen one...just a lot of nebulous, gung ho stuff. How charming Mr Rees Mogg is or how exquisite his English is ticks no boxes for me. Just saying. atb
JRM has more integrity, intellect, foresight, humanity, competence and sanity than any other MP. He is staunch in his beliefs and someone I would be proud to stand beside in tough times. Doesn't court popularity or deal in shrill soundbites. Hard to believe he sits in the same chamber as the likes of Abbott, Soubry, Lammy et al. Head and shoulders above them all.
Morning. In that “11.27”, I read that, Mr Jacob Rees-Mogg would be delighted with a return of the “workhouse” so perhaps, we could have a listen to what this very decent man, has had to say in the past about his concerns for British democracy, and the European Union.
Fittingly, and worthy of note is, his exquisite, fine delivery of English is, so absent of the usual ‘remainer’ snobbery – so obvious on both front benches in parliament. all the best.
tintin35 thank you for the information.
https://www.youtube.com/watch?v=vUKjTPPcOdQ
Frances Flower...a British Company.
Operating cash flow for LKAB declined sharply in the fourth quarter to minus SEK 1,529 million from having been on plus SEK 587 million in the corresponding quarter of 2017. An underlying reason is the acquisition of the British industrial mineral company Francis Flower in December. According to Jan Moström, more acquisitions may be relevant in the future, but cannot comment on any concrete plans.
“Today, we are dependent on two heavy production units and one raw material. Now we are going through our possibilities to build a broader and more stable LKAB with more businesses and possibly other products than iron ore, ”he says.
The background to the more acquisition-oriented growth strategy is the discovery that the extensive ore body in the Kiruna mine is about to run out faster than expected, which Di reported in October. Exploration results then showed that the current main level at 1,365 meters deep only continues to deeper, which blurred earlier plans to establish a new main level of 2,000 meters below ground.
"As a consequence of the situation in the Kiruna mine, we conduct an intensive exploration project and we are developing the next generation of mining production systems in cooperation with Epiroc, Volvo, Combitech and ABB to adapt the production to the mineralization we hopefully find," says Jan Moberg.
The report shows that even higher payments in the ongoing social relocation in Kiruna and Malmberget weigh on the cash flow, together with increased working capital tied up in inventories, accounts receivable and pledged collateral on outstanding hedging positions.
Net financial items also declined substantially to minus SEK 790 million for the quarter, where the company noted the stock market trend towards the end of last year as an underlying reason for a poorer return on financial investments.
The Board of Directors, in which former Prime Minister Göran Persson sits on the chairmanship, proposes an ordinary dividend of SEK 3,164 million in accordance with the Group's dividend policy. This means an increase compared to the dividend for 2017, which amounted to SEK 2,882 million.
https://www.di.se/live/produktionsstopp-straffar-lkab-i-fjarde-kvartalet/
If only there was some more ore out there.....
Beowulf Mining / LKAB status from DI / LKAB status from DI
Yesterday 19:08 IP:
Production stoppage penalizes LKAB in the fourth quarter
The state mining giant LKAB reports a lower profit for the fourth quarter of 2018, heavily due to weaker production volumes, while at the same time operating profit is strengthened by higher iron ore prices and stronger dollar exchange rates.
Now CEO Jan Moström is opening for more acquisitions and broadening the company beyond iron ore.
A total stop in LKAB's pelletizing plant in Svappavaara since September when the need for extensive maintenance was found, lowered production considerably during the fourth quarter by 1.3 tonnes. lower delivery volumes as a result.
According to the company's annual report released on Friday, it is one of the underlying reasons why the result deteriorated during the period to SEK 1,110 million for tax, which can be compared with SEK 1,371 million for the corresponding quarter of 2017.
”We operate six pellet plants today, so roughly you can say that one sixth of the processing process stood still during the fourth quarter with the maintenance work in Svappavaara. Now we do not expect to make any more cold stops in 2019, ”says LKAB's CEO Jan Moström to Di.
You have also suffered from production disruptions in the Kiruna mine. How should you secure the operation?
“We are now carrying out a large number of measures with the goal that maintenance must be planned and predictable, while we also review how we can reduce the total maintenance peak time. It includes consolidating a number of units, but we are in the middle of the process and get back with more concrete details ”.
Thanks to higher prices for highly processed iron ore products and a stronger dollar exchange rate, the mine giant can still count on a 44 percent higher operating profit of SEK 1,900 million. At the same time, sales increased to SEK 6,911 million, compared with SEK 6,208 million in the fourth quarter of the previous year.
The average global spot price for iron ore products is quoted at $ 72 per tonne during the quarter, up from $ 67 in the third quarter. Since the beginning of the year, iron ore prices have continued to climb, partly as a result of the production stoppage for the Brazilian major competitor Vale following the accident at the end of January. On Friday morning, the spot price for one tonne of iron ore is recorded at $ 84.73.
"It is too early to assess the full consequences of the Vale accident, but it is difficult not to draw parallels to the Samarco accident in 2015. Then we had a similar situation that led to 20 percent of the seaborne pellet market disappearing and a pressed pellet premium turned up really well, ”says Jan Moström.
Operating cash flow for LKAB declined sharply in the fourth quarter to minus SEK 1,529 million from having been on
Thanks for to info. Much appreciated.
Lol, what a hoot. All serious points really though, I know, and I think he is spot on. I've read all of his posts from yesterday Sooz, I'm liking the style. Another goody emerges. Lol. Afty aft. x
I've found a kindred spirit on the Lloyds board...read his post from Friday ...Grayling : 11.27
I hope you enjoy it as much as I did, but in a regretful, sad ... they'll wish their cake dough.. sort of way.
Already submitted = progress. ;-)
Environmental Impact Assessment... it’s not usually a requirement at this stage, but we submitted one. Thus meaning, the process should in theory be more advanced when we get our exploitation licence.