It becomes painfully clear that we are losing the innocence of
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It becomes painfully clear that we are losing the innocence of athletic?no, human?endeavor, a world where honesty, character and integrity support accomplishment rather than become empty words lost in the relentless push to ?win? at all costs. What is needed is a shift in the thought process of the athlete themselves, preferably at younger, more impressionable ages where it can become an ingrained part of the way they make choices, how they think, and what they value. I?m speaking of a decision-making process that comes out of a belief system based on all the fine qualities we want to see in all competitors, at all levels. Yes, I am referring to some type of code or standard of ethical conduct that will bring pride and a deeper meaning to the term ?athlete? and what it should really represent. April 30 (Reuters) - Chilean steel and iron ore producerCAP (CAP.SN) * Reports profit of $15.1 million in Q1 * Q1 profit down 75 percent year/year Stocks | Global Markets Stocks Global Markets. * Metinvest copies Russian firms buying into U.S. coal Stocks | Mergers & Acquisitions | Global Markets | Russia | Italy * Does not name deal price, analysts say $1-1.4 bln * Coal will support Metinvest's move away from gas(Adds further details) By Yuri Kulikov KIEV, April 30 (Reuters) - Metinvest, part of the sprawlingempire of Ukrainian billionaire Rinat Akhmetov, said on Thursdayit has acquired miner United Coal, following Russian metal andmining companies that have already bought into the U.S market. Metinvest ranks United Coal as the sixth largest coking coalcompany in the United States with confirmed reserves of 160million tonnes of coal concentrate. Metinvest, the largest steel company in Ukraine which isalso involved in mining, named no price for the deal.
But analysts have said the deal should be worth between $1billion and $1.4 billion -- lower than previous estimates of upto $2.4 billion half a year ago when Metinvest filed antitrustpapers in Bulgaria as part of its plan to acquire United Coal. "We have completed the deal," said Anna Terekhova,spokeswoman for System Capital Management, a holding company ofAkhmetov. Metinvest follows, amongst others, Severstal (CHMF.MM) andMechel (MTL.N), Russian companies that have bought coking coaland steel assets in the United States. Steelmaker Severstal paid $1.3 billion for coal miner PBSCoals Corp to give it access to raw materials for its steelassets in the United States. Miner Mechel agreed to buy thecoking coal assets of Bluestone Coal Corp for $436 million. Metinvest's Ukrainian, Bulgarian, Italian and British unitsproduce about 10.8 million tonnes of crude steel, 11 milliontonnes of steel products, 40 million tonnes of iron ore and 5.7million tonnes of coking coal a year. Ukraine is the world's eighth largest steel producer andsteel accounts for 30 percent of the country's exports.
COAL FOR GAS Its steel industry has been hit hard, however, by lowerdemand and prices for metals as the global financial crisisbites. Steel output has fallen over 40 percent in the firstquarter compared with a year ago. Analysts have said Metinvest is in a slightly betterposition to cope than other steel companies -- includingArcelorMittal's (ISPA.AS) Kryvorizhstal unit -- because it alsoowns iron ore production units. Many steel firms have also begun to switch from gas to coalas gas prices have risen steeply in recent years. "We have always been interested in raising the effectivenessof our business and improve the quality of our production," IgorSyry, director general of Metinvest, said in a statement. "The quality levels of coke are especially important to ustoday as the company has stopped using natural gas in pig ironproduction, due to price rises for gas." Russia has raised gas prices every year since 2005. Ukrainepaid $360 per 1,000 cubic metres in the first quarter of thisyear against $179.50 in 2008.
It will pay less -- $270.95 -- inthe second quarter of this year. (Writing by Sabina Zawadzki; Editing by Greg Mahlich) Stocks Mergers & Acquisitions Global Markets Russia Italy. On the whistle match reportCarling Cup Final28/02/2010Manchester United 2 - Aston Villa 1 Wayne Rooney?s 73rdminute headed was enough to give Manchester United their third Carling Cup trophy in five years at Wembley this afternoon.If history was anything to go by it may have been a long after noon for United and Aston Villa. Every game United have played at the new Wembley has gone to extra time. Five of the six games have been decided by penalties, most notably in the Carling Cup final last year against Tottenham.Rooney put an end to that run; headed home his 20thgoal in as many games which gave united their back to back success in the cup.A wonderfully built move by United supplied Rooney for the well executed header.Berbatov, who all afternoon showed pose and class, splendidly touched the ball to Antonio Valencia who dinked a lofted cross aiming for Rooney who was eight yards out.
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