$1.1 Billion in Bonds of Marquee U.S. Coal Company Plunge in Value

first_img$1.1 Billion in Bonds of Marquee U.S. Coal Company Plunge in Value FacebookTwitterLinkedInEmailPrint分享Bloomberg News:Bonds of Murray Energy Corp., the biggest privately owned U.S. coal producer, fell the most in 15 months after the White House denied the company’s request to aid one of its power-plant customers, an action it said would help both companies avoid bankruptcy.The miner’s $1.1 billion of 11.25 percent bonds due in 2021 fell 7 cents on the dollar on Wednesday and were quoted at 61 cents, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. It was the biggest decliner and the most actively traded security in the U.S. corporate-bond market, the data show.The plunge came as President Donald Trump’s administration rejected Murray’s request to keep the coal-fired power plants of FirstEnergy Solutions Corp. operating by invoking emergency authorities under the Federal Power Act. The same bonds had surged last year in part on Trump’s election as the Republican vowed to revive America’s coal industry. The securities exceeded 83 cents on the dollar as recently as February.Robert E. Murray, the company’s chief executive officer and an early backer of Trump, said in a letter earlier this month that he was present when the president expressed support for the company’s plea and directed Energy Secretary Rick Perry to get it done.Murray Energy has debt payments of $44.4 million due at the end of September, another $59.4 million on Oct. 17 and $44.3 million at the end of the year, Murray’s Chief Financial Officer Robert D. Moore wrote in an Aug. 18 letter to Perry.Murray, a closely held company, produces about 65 million tons of the fossil fuel a year, according to the company’s website. It primarily operates in the country’s Northern Appalachian and Illinois coal basins and sells its coal to power plants operated by companies including FirstEnergy.More: Coal Miner Murray’s Bonds Drop After Trump White House Snublast_img read more

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State-owned Indian companies moving forward with wind, solar projects

first_img FacebookTwitterLinkedInEmailPrint分享Clean Technica:Government-owned companies in India are steaming ahead with large-scale solar and wind energy tenders in order to help meet the now-ambitious looking installation targets of 175 gigawatts by March 2022.The latest public sector company to launch a large solar power tender is Singareni Collieries Company Limited (SCCL). The company is jointly owned by the government of India and the state government of Telangana. The tender has been issued by the Solar Energy Corporation of India (SECI) on behalf of SCCL.As per the tender specifications, prospective bidders shall be responsible for engineering, procurement, and commission of the 100-megawatt power plant. Additionally, the successful bidder shall also be responsible for maintenance of the power plant for a period of 10 years.We have covered extensively the announcements by several public sector companies in India planning to set up large-scale solar and wind energy power plants. SCCL itself announced plans to set up 550-megawatt solar power capacity in the state of Telangana. SCCL estimated that this plan would cost around Rs 25 billion (US$380 million) and would bring in annual savings of around Rs 24 crore (US$3.7 million). The company had expressed its desire to power its operations from electricity generated through solar power projects compared coal-based power plants.Other government-owned companies and bodies like NTPC, Indian Railways, the armed forces, NLC, and several others have also announced plans to set up similar projects across the country. This push by the government would satisfy two objectives. One, these projects will act as much-needed contributions towards the 2022 target, and two, these projects would create demand for Indian-made solar power cells and modules.More: Indian coal company issues 100 megawatt solar power tender State-owned Indian companies moving forward with wind, solar projectslast_img read more

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Paraguay’s Olimpia announce signing of Adebayor

first_img Promoted Content12 Marvel Superheroes Before The Fame10 Absolutely Stunning Asian Actresses7 Worst Things To Do To Your Phone5 Of The World’s Most Unique Theme ParksBest & Worst Celebrity Endorsed Games Ever MadeWhy Go Veg? 7 Reasons To Do This12 Celebrities Who Almost Ruined Their Careers With One MovieWho Is The Most Powerful Woman On Earth?7 Most Asntonishing Train Stations In The WorldThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalThe Most Clever Uses Of CGI In Cinema7 Black Hole Facts That Will Change Your View Of The Universe “Adebayor hasn’t come here on holiday,” said Olimpia president Marcos Trovato at the event announcing his signature and that of other new recruits, including 25-year-old Paraguay forward Derlis Gonzalez from Dynamo Kiev. Adebayor will be available for Olimpia’s 2020 Copa Libertadores campaign in which they face Brazilians Santos, Defensa y Justicia of Argentina and Ecuador’s Delfin in Group G. Olimpia are three-time former winners of the Libertadores and have won the last four Paraguayan titles in a row. Adebayor’s agent, Rodrigo Codas said Ivory Coast veteran Yaya Toure, a former Barcelona and Manchester City player, could also move to Paraguay. Former Real Madrid and Manchester City forward Emmanuel Adebayor has joined Olimpia, the reigning Paraguayan champions announced on Tuesday. The Togo forward, who also played for Arsenal, Tottenham and Crystal Palace during a decade-long stay in the English Premier League, had been a free agent since December when he left Turks Kayserispor. Read Also: Arsenal stars head out on desert safari during winter break in Dubai“I’ve spoken to Yaya’s agent and he asked me to look for a team in Paraguay and Brazil. He’s great friends with Adebayor, he could come here,” Codas told the D10 website.However, if Toure does more to Paraguay, it won’t be to Olimpia, Codas said.Toure, 36, is currently playing for Qinqdao Huangai in the Chinese second division.FacebookTwitterWhatsAppEmail分享 Loading… Adebayor, 35, will join up with former City team-mate Roque Santa Cruz at Olimpia, where his fellow veteran was top scorer in the Paraguayan league last year. “Hello to the Olimpia fans. Thanks for everything, see you on Friday,” said Adebayor in a message recorded by the club.last_img read more

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Performance Bodies, Five Star continue award option for IMCA Modified, SportMod drivers

first_imgCEDAR FALLS, Iowa – A popular option to the Performance Bodies and Five Star Bodies awards program for IMCA Modifieds, Karl Chevrolet Northern SportMods and Smiley’s Racing Products Southern SportMods has been renewed for 2018.Each of the five Modified regional champions and rookies of the year, and both Northern and Southern SportMod national champions and the rookies of the year receive MD3 Modified nosepieces or MD3 Modified valance and rocker panel kits.Certificates will be presented during the national awards banquet or mailed beginning the following week from the IMCA home office.More information is available by calling Performance Bodies at 800 722-4641.last_img

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Fantastic double for England in European Nations Cup

first_img The England men’s team pulled off a fantastic double with a consecutive clean sweep at the European Nations Cup in Sotogrande, Spain.The quartet of Bailey Gill, Ben Jones, Tom Plumb, and Tom Sloman successfully defended the trophy, with Sloman winning the individual title in a tense finale.The championship was contested by 15 countries and this is England’s eighth win. Previous victories were scored in 2018, 2015, 2013, 2011, 2010, 2009 and 2004.Meanwhile the England women’s team came third in their event in their best-ever result in this championship.The men won by eight shots at the end of a tough week, when a brutal wind made playing conditions difficult. Men’s team manager Gareth Jenkins commented: “This is a tremendous achievement.“The wind was really, really strong for the first two days and then it was swirling, making it very difficult on a course where you have to have pin point accuracy,“But the boys just dug in and they were really fantastic. It was a whole team effort and while it was never easy, it was great fun.”The team were in third place after the first round, but took the lead at the halfway stage and held on from there.They set out on today’s final round with an eight shot advantage over Holland, only to see that halved after the first three holes when their opponents made a fast start. But England kept playing steadily and the challenge faded.Sloman, however, had a roller-coaster on his way to the individual title. He had a two shot lead going into the final round but he struggled until an eagle three on the 14th put him right back in the mix.His dramas continued until the 18th, where his drive finished in the trees, but he managed a par after holing out from 15ft, completing the last five holes in one-under. It proved to be a winner when Germany’s Jannik de Bruyn missed from 4ft, failing to force a play-off.The women’s team of Georgina Blackman, Emily Toy and Bel Wardle were lying second with a round to play and were disappointed to slip back to third. But, team manager Jenny Henderson commented: “It was a good week for the women on a challenging golf course which demanded excellence in all areas. An exceptional work ethic ensured they were prepared to battle through windy conditions to put themselves in contention on the final day.”She added: “This is one of the few events where England Golf have the opportunity to send a male and female team and the dynamic has been great, with both teams working together and supporting each other throughout.”Players:MenBailey Gill, Lindrick, YorkshireBen Jones, Northamptonshire County, NorthamptonshireTom Plumb, Yeovil, SomersetTom Sloman, Taunton & Pickeridge, SomersetWomenGeorgina Blackman, Chelmsford, Essex,Emily Toy, Carlyon Bay, Cornwall,Bel Wardle, Prestbury, CheshireClick here for full scoresCaption: Back row, from left, Tom Plumb and Bailey Gill; front row, from left, Gareth Jenkins, Tom Sloman and Ben Jones. 13 Apr 2019 Fantastic double for England in European Nations Cup Tags: elite golf, England teams, European Nations Cuplast_img read more

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Ignorance and racism a losing combination

first_imgby Tim DahlbergAP Sports Columnist (AP)—Oh, the things that come out of kids’ mouths.College kids in this case, making some noise at an NCAA tournament game that will probably be their last.“Where’s your green card?” members of the Southern Mississippi band chanted at Kansas State’s Angel Rodriguez during the Wildcats’ second-round win in Pittsburgh.Rodriguez heard them, and later he heard an apology on behalf of them. It came from Southern Mississippi officials, and the freshman guard accepted it because “there’s ignorant people and I know that’s not how they want to represent their university.”Write it off, if you will, as just some college students trying to be funny and failing miserably. There’s probably some truth in that, though school officials said that won’t save them from “quick and appropriate disciplinary action.”There was certainly nothing funny a few weeks earlier at a high school game in the Pittsburgh area, when a team from a predominantly Black school said fans of a largely White school shouted “monkeys” and “cotton pickers” at them. Fans of Monessen High were also upset when two Brentwood High students ran past them while wearing banana costumes.Isolated incidents, maybe. And we’ve certainly come a long ways from the not-so-distant days when college teams from the south were all White or when Black major league baseball players weren’t allowed to stay at the same hotel as their White teammates in certain cities.Unfortunately, though, racism is still finding a place in sports.We saw it recently when an ESPN employee wrote a headline about Jeremy Lin that used a word that is often used as a slur against Chinese. That, too, was supposed to be funny, though the humor was lost on ESPN executives who fired the headline writer.And we saw it sink to a new low on Sunday when a man in Britain allegedly made racist remarks on Twitter about Bolton soccer player Fabrice Muamba, who is fighting for his life in a hospital after going into cardiac arrest and collapsing during an FA Cup match. That not only outraged soccer fans, but got the man from south Wales arrested on charges of violating the Public Order Act, which makes acts of racist abuse illegal.Ignorant people, offensive comments. There’s no shortage of them, even in an era where Black players outnumber Whites in several major sports and teams are becoming increasingly homogenized in most others.The great thing about sports is that it unleashes passions in people that they ordinarily wouldn’t show in other ways. The not-so-great thing about sports is that sometimes fans—and players themselves—channel those passions in destructive ways.How else would you explain a group of fans in Germany directing Hitler salutes during practice last month at an Israeli player on the Kaiserslautern team? Did they think Itay Shechter would get a chuckle out of the reference to the reviled German leader responsible for the deaths of millions of Jews in World War II?Steve Williams certainly thought he was funny when he railed on about his former boss at a caddies award dinner. The former bagman for Tiger Woods said “My aim was to shove it up that Black a—–” when he did a TV interview celebrating a win by his new employer, Adam Scott. Amid accusations of racisms, Williams apologized, and Woods said he did not believe his old caddie was a racist.There’s nothing funny about racism. It goes against the core of everything sports is supposed to mean, but it goes on anyway.It cost John Terry his job as England’s soccer captain, and it could cost him some money when the Chelsea defender faces trial in July on charges of racially abusing Queens Park’s Anton Ferdinand during a premier league game. The charges were part of a string of incidents that included Liverpool striker Luis Suarez being banned for eight matches for racially abusing Manchester United defender Patrice Evra.That incident got two heads of state involved. Uruguay President Jose Mujica defended Suarez even after he refused to shake hands with Evra in their first meeting since the incident, and British Prime Minister David Cameron ordered the English Football Association to come up with a full report on how racism and other forms of discrimination can be eliminated.That’s an improvement over soccer czar Sepp Blatter’s contention a few months ago that there was no racism in soccer. The FIFA chief suggested that any problems could be solved by a handshake at the end of the game.Blatter later apologized, just like Southern Mississippi did on behalf of the band. Like him, the band members have some learning to do.Turns out Rodriguez is from Puerto Rico and a U.S. citizen, just like them.Proof again that ignorance and racism is a losing combination.(Tim Dahlberg is a national sports columnist for The Associated Press. Write to him at [email protected] or http://twitter.com/timdahlberg.)last_img read more

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Reel Adventures Charters Fishing Report

first_imgBy Kerry Reed, Reel Adventures Charters It’s that time of year.The weather has finally warmed up to the spring like conditions we’ve all been waiting for.  And with that, the water will be warming up also and the fish will start to get more active.  My favorite time is coming. April saw some good and bad days on the water.  Still had to be patient, but we were normally rewarded.  The creeks started to flow a bit in the past few weeks and that has brought out some bugs and debris on the water.  This has also brought out the small, insect eating fish.  So, we have been hooking into a lot of shakers lately.  At least it keeps us running for the rods. Most days have been consistently producing the small bug eaters and have had a few big ones mixed in to keep it exciting. One of our best days last week saw us hooking into 12 Rainbows.  The first few were only small and had us wondering if we would find a big one.  But after catching half a dozen little guys, we finally hooked into a hog.  Wayne was on the rod and held on while this fish ran the counter out to over 500 feet of line.  What a great run.  We saw the fish jump about 6 times and then made a mad run towards the boat and spit the hook.  Heart breaker. Another couple small fish came to the boat and we were beginning to wonder if we had lost our chance at the big one for the  day.  Well, finally we were rewarded.  At 1:30 p.m. the line started screaming off the reel again.  Wayne was first to the rod again and was hoping for redemption.  After a 10 minute battle, he finally got the fish to the boat.  A beautiful 14 pound Rainbow.  Maybe not as big as the first fish he lost, but still a great fish.  His biggest Rainbow ever. About 20 minutes went by and  then another rod started screaming.  Looks like the afternoon bite is in full swing.  Grahame grabbed the rod this time and the fight was on.  He could get the fish with in 50 feet of the boat, but then it would run back out to 200 feet.  A couple more times this happened until finally his fish was ready for the net.  A nice chrome 14-1/2 pound Rainbow.  Almost a clone of the last fish.  Great battle and some great photo’s. For the next hour we landed another 12 pound Rainbow and a couple smaller ones.  This turned out to be a great day and it reminds me of what is still to come. The water temperature hasn’t quite reached our prime number yet, but when it does, these fish are going to go wild.  Also, keep an eye open for the famous flying ant hatch.  With the hot weather coming up, we should see these insects flying around soon.  They will get blown into the water by the thousands.  And that’s when every fish in the lake will finally come to the surface and put the feed bags on!! Looking forward to the next couple months.What are they biting on??? We’ve been catching a lot of fish on our bucktail flies.  Lots of shakers at this time of year, but always a few big ones mixed in.  Favorite colors so far have been:  black/white, grey/white, and still purple/white.  The lucky numbers being:  210, 215, 222, 228 Apex lures are working well also.  Similar colors as the flies.  Black/white,  Silver, or blue/green has been working as well. And my favorite Lyman plugs have also been producing some fish.  Lucky numbers: 10, 16, 55, 69. Our water temperature is rising and the fish should be turning on. Prime time is coming, so Let’s get out there.Gerrards are Spawning It’s that time of year when the big Gerrard Rainbows make their journey up the river.  The numbers have been good so far and should continue until the second week of May.  For anyone that hasn’t seen this, it’s something to experience.  Right now there is over 700 fish under the bridge.  Hopefully we see a few more show up over the next week or so. You can check the ministry website for current counts. Check out this site:  www.env.gov.bc.ca/kootenay/fsh/main/mainfish.htmTight lines…………..Kerry Reed Reel Adventures Charters Nelson B.C 250-505-4963 www.reeladventuresfishing.comlast_img read more

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Golden State Warriors show depth in NBA playoffs win without Curry

first_imgOAKLAND, California (AP):As Stephen Curry emphatically waved his arms to ignite the crowd and coached from the bench when he could do little else, Klay Thompson and the Golden State Warriors’ supporting cast proved they can win on the playoff stage without their NBA most valuable player.They would rather have him, of course, but the defending champions have believed in their depth all along. Golden State played short-handed down the stretch of the regular season on the way to a record 73 wins.”We’ve relied on our depth all year, not just when Steph’s out,” Draymond Green said. “I think we’re the deepest team in the NBA.”Thompson scored 34 points and dished out five assists as the Warriors held off the Houston Rockets 115-106 on Monday night to take a 2-0 lead in their playoff series despite no Curry, sidelined because of an injured right ankle.EDGED THUNDERThe Mavericks levelled their Western Conference play-off series 1-1 by edging the Thunder 85-84, with a putback at the buzzer by Oklahoma City’s Steven Adams that would have won the game was disallowed upon review.In the Eastern Conference playoffs, Toronto ended their postseason losing streak at seven games with a 98-87 win over the Pacers to level their series 1-1.At Oakland, Curry cut short his pre-game warm-up routine after appearing to be in discomfort as he was shooting while putting little pressure on the tender ankle.”Ahh, it’s so much easier without him out there,” Thompson said. “I think we showed it’s hard to fill that void. No one’s going to do it by themselves.”Andre Iguodala, last year’s Finals MVP, added 18 points with four three-pointers and Green had 12 points, 14 rebounds and eight assists. He didn’t commit a turnover in 39 minutes, his longest stretch without one in the regular season or play-offs.Now, Curry has until tomorrow’s Game Three in Houston to get healthy. But the Warriors aren’t going to push it.”We want to make sure Steph is right and that his foot is fine and healthy,” coach Steve Kerr said.James Harden had 28 points and 11 assists to lead the Rockets, losers of six straight and 14 of 15 to Golden State. He made 13 of 15 free throws after not attempting one in the opener.Harden considered it a missed opportunity.”Yeah, for sure. We just didn’t do enough to get a win,” he said.last_img read more

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49ers apologize for excluding Kaepernick from photo gallery

first_imgSANTA CLARA — Where’s Colin Kaepernick? He’s not in the NFL, and he initially was not in a 49ers photo gallery rekindling great memories of their rivalry with the Green Bay Packers.For that, the 49ers apologized Friday and hastened to make amends.“We’re looking into right now how that happened and were trying to rectify it,” general manager John Lynch said on KNBR 680-AM. “I just learned of it. Not something I’m proud of. It’s a glaring omission and we’re working to get it fixed.”San …last_img

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Unilever SA in R1bn sustainable project

first_img1 February 2013Unilever South Africa will open a new factory worth over R800-million and spend R200-million on upgrading and expanding existing plants, the company announced on Thursday.The factory – to be built adjacent to Unilever’s primary distribution centre in Anderbolt in Boksburg, east of Johannesburg – will produce a number of cleaning brands such as Omo, Handy Andy, Skip, Comfort and Sunlight.Construction on the site will “commence shortly and will incorporate Unilever’s latest manufacturing technologies”, the company said in a statement. The first products are expected to roll off the production lines in 2014.“This factory forms part of a multi-year, multi-billion investment plan by Unilever South Africa to cater for our growth,” said chairperson Marijn van Tiggelen.The investment also forms part of the firm’s “sustainable living” plan, which aims to build the business while cutting down on its overall environmental footprint.‘Determination to sustainability’“This new factory is another example of Unilever’s vision in action – to double the size of our business while reducing the environmental impact,” said Unilever’s chief supply chain officer, Pier Luigi Sigismondi.“Not only will it enable us to grow our presence in the region, but it also highlights our determination to sustainability as it will use the latest technology and insights to create a low energy, environmentally efficient factory with zero waste to landfill.”The investment will also make a difference to the company’s customers. “It will enable us to better serve South African consumers with innovation and green technology, as well as improve service levels to our retail customers,” Van Tiggelen said.“The R800-million project is one of Unilever’s largest investments globally and underscores our commitment to the long-term future of South Africa and the continent as a whole.”The project is supported by the Department of Trade and Industry’s 12i Tax Allowance Incentive scheme, which is designed to support greenfield investments – industrial projects that make use of only new and unused manufacturing assets.The tax incentive scheme also covers brownfield investments – expansions or upgrades of existing industrial projects – and will support Unilever’s R200-million upgrade and expansion of its existing factories.The investment follows the opening of the Unilever Savoury dry foods factory in KwaZulu-Natal by Trade and Industry Minister Rob Davies in December 2011.“We have a long history in South Africa and we have a strong commitment to its future, its growth and economic development,” Sigismondi said.SAinfo reporterlast_img read more

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