Bindura Nickel Corporation Limited (BIND.zw) listed on the Zimbabwe Stock Exchange under the Mining sector has released it’s 2012 interim results for the half year.For more information about Bindura Nickel Corporation Limited (BIND.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Bindura Nickel Corporation Limited (BIND.zw) company page on AfricanFinancials.Document: Bindura Nickel Corporation Limited (BIND.zw) 2012 interim results for the half year.Company ProfileBindura Nickel Corporation is a mining company operating mines and a smelter complex in Bindura, Zimbabwe; engaged in the mining and extraction of nickel, and production of nickel by-products (copper and cobalt). The company’s current projects include a shaft re-deepening project, sub-vertical service winder and main rock winder drives upgrade project, concentrator plant and sub-vertical medium voltage switch room equipment replacement project, and a smelter restart project. Founded in 1966, BNC is a subsidiary of Zimnick Limited and operated and majority-owned by Mwana Africa plc, an African multi-national mining company based in Johannesburg, South Africa. The operating subsidiary of BNC is Trojan Nickel Mine Limited. Bindura Nickel Corporation is listed on the Zimbabwe Stock Exchange
Turnall Holdings Limited (TURN.zw) listed on the Zimbabwe Stock Exchange under the Building & Associated sector has released it’s 2013 presentation results for the half year.For more information about Turnall Holdings Limited (TURN.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Turnall Holdings Limited (TURN.zw) company page on AfricanFinancials.Document: Turnall Holdings Limited (TURN.zw) 2013 presentation results for the half year.Company ProfileTurnall Holdings Limited produces and markets materials for the building and construction industry in Zimbabwe. The company operates in a number of segments; building products which includes ceiling boards and roofing sheets, partitioning and fascia boards, flat sheets and ceiling molds; piping products which includes water and sewer reticulation pipes; and concrete products which includes roof tiles. The company also produces a line extension range that includes Turnallware flowerpots and garden décor product, Nutech non-asbestos sheets and Spanish pavers. The fiber cement division targets the low-income housing sector, local authorities and municipalities through two divisions; Turnall Building Products and Turnall Piping Products. Turnall Holdings Limited has distribution outlets in Zimbabwe, South Africa, Mozambique, Zambia and Malawi. Turnall Holdings Limited is listed on the Zimbabwe Stock Exchange
Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Associate Rector for Family Ministries Anchorage, AK Submit a Press Release Rector Collierville, TN Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Advocacy Peace & Justice, Gun Violence jim poole says: December 21, 2012 at 7:47 pm EVERY church in the diocese should ring its bell 26 times at 9:30 AM DAILY until EFFECTIVE gun control laws are enacted by our Congress, to commemorate the 26 persons lost in Connecticut, not to mention those lost in Colorado and other states to gun violence.This tragedy must not be lost in our daily activities; we must keep it in mind, every day, until our Congress stops access to automatic weapons in our Nation! EVERY church in our diocese should ring its bell 26 times at 9:30 AM DAILY until EFFECTIVE gun control laws are enacted by our Congress. Comments (3) Rector Pittsburgh, PA December 18, 2012 at 5:33 am God hears our prayers. Legislators need to hear our voices. I encourage all people of faith to contact their state legislators and President Obama and demand a ban on assult weapons. December 17, 2012 at 7:16 pm I just wanted to say that we are praying for your stricken families here in England too. I wish there was more I could do, more that anyone could do, to ease the pain of those families. My heart goes out to them, and I must trust that they will find some comfort in the prayers of so many, near and far. Our thoughts are with you all. Assistant/Associate Rector Morristown, NJ Associate Rector Columbus, GA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Wooden angel figures are seen placed in a wooded area beside a road near the Sandy Hook Elementary School for the victims of a school shooting in Newtown, Connecticut December 16, 2012. Twelve girls, eight boys and six adult women were killed in the shooting on Friday at the Sandy Hook Elementary School in Newtown. REUTERS/Mike Segar[Episcopal News Service] Thoughts, prayers and expressions of sorrow flowed in from Episcopalians across the United States and from Episcopal Church partners in the world-wide Anglican Communion in response to the Dec. 14 shooting massacre at Sandy Hook Elementary School.On Friday, a gunman forced his way into the school, killing 26 people, 20 of them first-grade students, including Ben Wheeler, whose family attends Trinity Episcopal Church in Newtown, Connecticut.In a Dec. 15 statement posted on the Diocese of Connecticut’s website, the bishops specifically asked for prayers for Ben and his family. Besides Trinity, a second Episcopal church, St. John’s in Sandy Hook, sits adjacent to the elementary school. No one at St. John’s lost loved ones in the tragedy, the statement said.Bishop Ian Douglas, Bishop Laura Ahrens and Bishop James Curry of the Connecticut diocese spent Dec. 15 at Trinity. The Rev. Kathie Adams-Shepherd, Trinity’s rector, read the 23rd Psalm at an interfaith service attended by President Barack Obama Sunday evening at Newtown High School. Trinity’s music minister, Fiona Smith Sutherland, coordinated the music for the Dec. 16 service.Also, on Dec. 15, the Connecticut bishops ordained three new priests, each bishop beginning the service with a time of silence and then by reading the collects on page 494 in the Burial Service in the Book of Common Prayer.Thoughts and prayers have come in from across the Episcopal Church and the Anglican Communion, with Bishop Robert Gillies of Aberdeen and Orkney in the Scottish Episcopal Church writing a special collect for the Diocese of Connecticut.The diocese has created a disaster response page and also liturgical and musical resources in response to the massacre.In her sermon Dec. 16 at Church of the Church of the Resurrection in Lexington, Kentucky, Presiding Bishop Katharine Jefferts Schori urged those present to find something to rejoice about.“Even in the face of the pain around us, we are here to discover joy – today and every day,” she said.But later, she directly addressed gun violence.“Given what happened in Connecticut on Friday, is there a place for a precise, even surgical, strike against gun violence?” she asked.“When nearly 3,000 young people in this country die every year from guns, wise heads must get to work and find a creative and life-giving response. The deadly snakes out there are peddling and profiting from guns while children die. What is a good-news response? Other nations have found ways to limit access to assault weapons while still permitting people to shoot clay pigeons and hunt game.“Other smart adders might look at the loneliness and lostness around us. The young shooter in Connecticut seems to have been mentally ill – his former classmates aren’t terribly surprised at what’s happened. We’ve heard almost exactly the same thing every time one of these events has occurred in recent years. Preventing more of them is going to mean greater watchfulness and a willingness to reach out to the outcast, the one who doesn’t fit, the kid who sees nothing to live for. It means loving the ones who don’t seem terribly lovable, and that’s exactly where Jesus would be and what he’d be doing.”In his Dec. 16 sermon, the Very Rev. Gary Hall, dean of Washington National Cathedral, reminded those present that the shooter was human.“And then from the parents [of the children] my thoughts go to the shooter. While I resist the temptation to speculate about his mental or emotional state, it’s hard to imagine someone carrying out such an act who wasn’t in an awful lot of psychic pain themselves. We reflexively turn to calling such people ‘evil,’ as if in so doing we mark them as somehow different from us.“Was the shooter ‘evil’? In the sense that he caused a lot of innocent suffering, yes I suppose he was. But can we call him ‘evil’ as a way of excluding him or his actions from the realm of humanity? No, I don’t believe we can,” Hall said. “We need to understand his action – and the actions of all violent people – as a part of what it means to be human.“Like it or not, we are bound up with each other in a complex matrix of motivations and actions. To understand is not to excuse. Let’s not apologize for the shooter, but let’s not try to pretend that he’s someone other than us, either. If he was mentally ill, he was also a member of a family, and we know that existing laws make it very difficult for families to control or institutionalize their violent members.”He later said that he’d had enough.“Which leads me to say, on behalf of this faith community at least: Enough is enough. As followers of Jesus, we have the moral obligation to stand for and with the victims of gun violence and to work to end it. We have tolerated school shootings, mall shootings, theater shootings, sniper shootings, workplace shootings, temple and church shootings, urban neighborhood shootings, for far too long… “Washington Bishop Mariann Edgar Budde joined Hall on Dec. 14 in calling on national leaders to enact more effective gun-control measures.The bishops in the Diocese of New York issued a pastoral letter Dec. 17, calling for “creation of responsible, constitutional measures of reasonable and effective gun control.”“Over and over, we watch the horror, the pain and the grief laid upon the shoulders of people like us in communities like our own, who must then bear that horror and carry that pain as they pick up their lives and find a way to go on. As in far too many other places in America, Newtown will never be the same. The events of Friday will cast a shadow into the future which will darken much that is yet to come. And for the families of the lost, especially the young lost children, these losses will temper every happiness and cloud every joy for a long time. We pray God’s blessing, we ask God’s grace, we invoke God’s peace for every troubled heart,” the bishops wrote.“But this was the second mass shooting in America in three days. It was the 13th in 2012. We, your bishops, believe that it is past time for the United States to commit itself anew to the creation of responsible, constitutional measures of reasonable and effective gun control. We call on our elected representatives to engage the debate, resolve the question and come to terms finally with the place and power of arms and weapons in our laws and in our common life, that we may by the grace of God and the courage of good national leaders live in peace and without fear in safe towns and cities, in safe schools, in safe movie theaters and shopping centers.”In 2011, the Diocese of Chicago and Bishop Jeffery Lee made combating gun violence a priority in response to an increase in gun-related violence, which affects a high proportion of children,. Even before the Dec. 14 massacre, members of the diocese planned to participate in a “Silent Nights” vigil Dec. 17, an opportunity for people of all faiths to work and pray for nights whose silence is unbroken by gunfire and to urge the governor and state legislators to pass gun control laws“I am heartbroken and horrified by the news of the massacre at the Sandy Hook Elementary School in Newtown, Connecticut, this morning,” said Lee in a Dec. 14 post on the diocesan website. “People who live in the Diocese of Chicago are achingly familiar with the fear, anxiety and grief that comes from living in an area in which guns are too readily available and too frequently used. Yet even as someone who lives with the shaming reality that we cannot protect our young people from gun violence, I am stunned by the madness that unfolded today in Connecticut.”At Trinity Cathedral in Cleveland, Ohio, Dean Tracey Lind began the Dec. 16 11:15 a.m. service with a moment of silence and prayer for those who lost their lives in the massacre and then called on the congregation to send letters urging Ohio’s governor not to sign a gun-related bill passed by the state’s legislature. Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit a Job Listing Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Smithfield, NC Canon for Family Ministry Jackson, MS Cathedral Dean Boise, ID Featured Jobs & Calls Priest Associate or Director of Adult Ministries Greenville, SC Family Ministry Coordinator Baton Rouge, LA The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Shreveport, LA Course Director Jerusalem, Israel Submit an Event Listing Church continues to keep Sandy Hook victims in thoughts, prayers Leaders urge gun control laws The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector/Priest in Charge (PT) Lisbon, ME Youth Minister Lorton, VA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Assistant/Associate Priest Scottsdale, AZ Rector Tampa, FL Priest-in-Charge Lebanon, OH Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Missioner for Disaster Resilience Sacramento, CA Rector Knoxville, TN Rector Bath, NC Featured Events Assistant/Associate Rector Washington, DC Rector Belleville, IL Bishop Diocesan Springfield, IL Director of Music Morristown, NJ This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector (FT or PT) Indian River, MI By ENS staffPosted Dec 17, 2012 Comments are closed. Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Martinsville, VA Director of Administration & Finance Atlanta, GA New Berrigan Book With Episcopal Roots Cascade Books Ms J A Lee says: Lucinda Tatman says: Rector Albany, NY Press Release Service Rector and Chaplain Eugene, OR Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Tags Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Hopkinsville, KY Associate Priest for Pastoral Care New York, NY Curate Diocese of Nebraska Rector Washington, DC AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis
Tags Posted Oct 19, 2017 Rector Knoxville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI Immigration, Advocacy Peace & Justice, Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Assistant/Associate Priest Scottsdale, AZ Rector Bath, NC Priest Associate or Director of Adult Ministries Greenville, SC Submit an Event Listing Donald Heacock says: Cathedral Dean Boise, ID Rector/Priest in Charge (PT) Lisbon, ME Director of Music Morristown, NJ Rector Albany, NY An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Rector Martinsville, VA Rector Collierville, TN October 19, 2017 at 6:54 pm Why is Nepal on this list. It is peaceful Buddhist County. It is typical of pressure groups to try to extend a temporary compassionate plan to any group they can find. It produces in people who might support it to draw back because we feel there is an ulterior motive. Associate Priest for Pastoral Care New York, NY Rector Hopkinsville, KY Director of Administration & Finance Atlanta, GA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Associate Rector for Family Ministries Anchorage, AK Submit a Press Release Rector Tampa, FL Bishop Diocesan Springfield, IL The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Refugees Migration & Resettlement Episcopal Public Policy Network, Press Release Service Assistant/Associate Rector Morristown, NJ TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab EPPN: Defend Temporary Protected Status (TPS) Rector Smithfield, NC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Canon for Family Ministry Jackson, MS [Episcopal Public Policy Network policy alert] In the next year, the Secretary of Homeland Security must decide whether or not to extend Temporary Protected Status (TPS) to approximately 320,000 individuals. TPS is a temporary immigration status provided to nationals of certain countries experiencing environmental disasters or armed conflict. TPS is granted when returning home – via departure or deportation – would place those nationals at risk, or if the foreign government’s ability to absorb the return of its nationals is compromised. TPS has been a lifeline to hundreds of thousands of individuals already in the United States when problems in a home country suddenly make return untenable.Take Action to Protect TPS for 18 Months or As Long as Conditions ExistCountries with current TPS designations include South Sudan, Nicaragua, Honduras, Haiti, El Salvador, Syria, Nepal, Yemen and Somalia. The administration terminated TPS for Sudan last month. TPS holders receive protection from deportation and work authorization to support themselves while they remain in the U.S. Over the years, as conditions in their home countries have not improved, many TPS beneficiaries have stayed, with legal permission, and built lives in the U.S. Sending TPS beneficiaries back to the unstable conditions in their home countries presents grave concerns for families, our local economies, and the stability of receiving countries.Policy passed by The Episcopal Church’s General Convention advocates for the designation of TPS for all immigrants fleeing for refuge from violence, environmental disaster, economic devastation, cultural abuse or other forms of abuse.Use the Interfaith Toolkit to Defend TPS AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Family Ministry Coordinator Baton Rouge, LA Associate Rector Columbus, GA Curate Diocese of Nebraska Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Priest-in-Charge Lebanon, OH Comments are closed. Youth Minister Lorton, VA Missioner for Disaster Resilience Sacramento, CA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Faith & Politics, Rector (FT or PT) Indian River, MI New Berrigan Book With Episcopal Roots Cascade Books Rector Belleville, IL Rector Pittsburgh, PA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Comments (1) Rector Shreveport, LA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Featured Jobs & Calls Assistant/Associate Rector Washington, DC Featured Events Submit a Job Listing The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Course Director Jerusalem, Israel In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Washington, DC Rector and Chaplain Eugene, OR
Photographs Architects: MRTN Architects Area Area of this architecture project Dark Light House / MRTN ArchitectsSave this projectSaveDark Light House / MRTN Architects Australia ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/892215/dark-light-house-mrtn-architects Clipboard Area: 150 m² Year Completion year of this architecture project Houses ArchDaily Save this picture!© Tatjana Plitt+ 19Curated by Fernanda Castro Share CopyHouses•Melbourne, Australia Projects Photographs: Tatjana Plitt Manufacturers Brands with products used in this architecture project Year: Dark Light House / MRTN Architects “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/892215/dark-light-house-mrtn-architects Clipboard Manufacturers: Hafele, MAXI Plywood, Urban Salvage, Grazia and Co, Handles Plus, Light project, Radial TimbersSave this picture!© Tatjana PlittRecommended ProductsDoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcDoorsGorter HatchesRoof Hatch – RHT AluminiumWoodGustafsWood Veneered Wall & Ceiling PanelsWindowsRodecaAluminium WindowsText description provided by the architects. Located in Rye on the Mornington Peninsular, Dark Light House is a modest addition to a family home designed and built in the late sixties. Originally built as a holiday home the owners’ required additional living space but not at the expense of the detail and character of the original. Our design connects the addition to corner of the original and creates a play between light and dark, east and west, new and old. Through a minor intervention of the existing and a small addition the entire house is reimagined. The whole is greater than the sum of its parts.Save this picture!© Tatjana PlittThe original holiday home, designed by Peter Fawns in 1966, possesses the traits of well-planned and efficient homes that were typical of the Small Homes Service. The house was remarkably intact and little changed over time with the exception of a bathroom upgrade. The clients’ favourite feature being the hardwood timber ceiling that had developed a rich patina over the past 50 years.Save this picture!Floor PlanAs a full time family home the house lacked the separation of living types that enables simultaneous activities to occur and the original but modified kitchen was also not living up to daily family life. Our brief was to provide a second living space and a new kitchen; the budget was limited and managed carefully – not changing from the outset of the project to completion. The most important component of the brief however was that the original house should be altered as little as possible. The assumption was the kitchen would be upgraded in its existing location with living space added to the east.Save this picture!© Tatjana PlittOur proposal was to locate a new pavilion that allowed for a place to eat, live and cook in while at the same time becoming the new front entry and access point to the back yard. Tentatively connected to the north-eastern corner of the original the addition pushes into the garden allowing the living room to frame a Moonah Tree that was particularly loved by the clients. The new pavilion duplicates the living area size the original, providing dining and living spaces in both the original and new areas of the home.Save this picture!© Tatjana PlittThe addition was designed to compliment the original, refer to it but not to imitate. The intention was to provide contrast but in a way that was not simply doing the opposite. Design influences and construction techniques on the original design were considered, particularly the influence of Japanese architecture, the glazed walls that are part window frame part structural studs and low pitched roofs with generous eaves.Save this picture!© Tatjana PlittThe addition retains the idea of the ceiling being the principle feature of the space. A baffle ceiling structure of hardwood glum-lam rafters provides the clear span structure while becoming the ordering principle for the plan below. West facing glazing continues the line of the original east facing window wall, sliding timber screens allow the occupants to control afternoon summer sun while the burnished concrete slab provides thermal mass in winter.Save this picture!© Tatjana PlittProject gallerySee allShow lessLanzhou Planning Exhibition Hall / China Architecture Design & Research Group, Land-…Selected ProjectsCharlotte and Donald Test Pavilion / Buchanan ArchitectureSelected Projects Share 2017 “COPY” CopyAbout this officeMRTN ArchitectsOfficeFollowProductsWoodGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMelbourneAustraliaPublished on April 11, 2018Cite: “Dark Light House / MRTN Architects” 11 Apr 2018. ArchDaily. Accessed 11 Jun 2021.
Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/939871/la-casa-pura-perathoner-architects Clipboard CopyAbout this officePerathoner ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookLaionItalyPublished on May 23, 2020Cite: “La Casa Pura / Perathoner Architects” 22 May 2020. ArchDaily. Accessed 10 Jun 2021.
Howard Lake | 18 February 2005 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Giving/Philanthropy Research / statistics 19 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis DEC Tsunami appeal reaches £300m and will close shortly The DEC says that it aims to process all donations received by the middle of March. The Disasters Emergency Committee (DEC)’s tsunami earthquake appeal has raised an unprecedented £300 million. As a result, the appeal will close on 26 February 2005, the two-month anniversary of the tsunami disaster.DEC Chief Executive Brendan Gormley said: “The British public have been amazing. We want to thank every single person who has donated. They have responded to one of the world’s worst natural disasters by creating a £300 million fund that will make a real and lasting difference to survivors for years to come.”The DEC has already allocated over £100 million for the first phase of disaster relief and rehabilitation. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Rank-and-file autoworkers and supporters of the Autoworker Caravan protest the “gigantic profits” of auto companies Jan. 10 outside the North American International Auto Show in Detroit.“Constant revolutionizing of production,” Karl Marx and Frederick Engels wrote in 1848, “uninterrupted disturbance of all social conditions, everlasting uncertainty and agitation distinguish the bourgeois epoch from all earlier ones.”These words, written almost 170 years ago, are truer today than ever before, with the auto industry a prime example. Whenever the bosses at General Motors, Ford, Chrysler or their overseas rivals announce some new restructuring, the end goal is always the same: higher profits, fewer workers.Only a month ago, the CEO of Fiat Chrysler Automobiles (FCA), Sergio Marchionne, said of that corporation: “I think we will be de-carred in the U.S. by [the first quarter of] 2017.”After being “de-carred,” FCA will build only trucks and sport utility vehicles in the U.S. By assembling products with the highest profit margin, FCA can “close the operating [profit] margin gap with our competitors.” (Detroit Free Press, July 28)FCA’s major product reshuffling, which members of the United Auto Workers were told of during last year’s contract negotiations, involves taking the Dodge Dart out of Belvidere, Ill., and the Chrysler 200 out of Sterling Heights, Mich. The upheaval will move the Jeep Cherokee from Toledo, Ohio, to Belvidere, and the Ram truck from Warren, Mich., to Sterling Heights. The Warren plant would get a low-volume, high-priced Jeep Wagoneer. The Dodge Viper would be discontinued, costing 150 jobs.Workers had assumed then that the Dart and the 200, less profitable to build than trucks and SUVs, would be moved south of the U.S. border and be assembled by low-paid workers. But, by getting out of the small and midsize car business altogether, FCA has taken an even more drastic step.Since July 5, when a shift at the Sterling Heights Assembly Plant (SHAP) was eliminated, 1,420 workers have been on indefinite layoff by FCA. Most had already been on intermittent layoffs during the first half of the year. After 20 weeks on layoff, they cannot collect state unemployment benefits. Union-negotiated supplementary unemployment benefits run out after 13 to 52 weeks, depending on years of service.Supposedly, all of these workers should be called back when the next generation Ram truck is launched at their plant, but how do they pay their bills now?Even when SHAP is back up to full speed, employment at the Warren Truck Assembly Plant is projected to fall from 2,400 to 1,000 when it loses the Ram. Only a portion of these workers will be picked up by SHAP. Technological advances will, as Marx put it, “revolutionize” the process to require fewer hands.Overall, the FCA’s profit-driven overhaul is expected to cause a net loss of 900 jobs in metro Detroit — even at current sales levels.Canadian, European autoworkers’ future uncertainIn 2013, the Canadian Auto Workers merged with the Communications, Energy and Paperworkers of Canada to form Unifor, now in contract negotiations with the Detroit auto companies. With no new product commitments from GM as yet, Unifor members in Oshawa, Ont., are worried about their plant closing. The chant on the floor is, “No product, no contract!” Oshawa already experienced the closing of GM’s truck plant in 2008. Now, Unifor has just 23,000 hourly workers at all three companies.The future of FCA’s Brampton, Ont., plant, which produces the full-size 300, Charger and Challenger, is also uncertain. CEO Marchionne has stated that the 300 could be produced in Windsor, Ont., alongside the minivan.Across the Atlantic, the impact on the auto industry of Britain’s exit from the European Union is the subject of speculation. Ford and GM have 25 percent of the British market and GM’s British Vauxhall division produces for export to the Continent. Now import tariffs could make vehicles more expensive, impacting sales and jobs.Vauxhall’s Ellesmere Port plant, with 2,000 workers, could be on the chopping block. “GM indicated cost cutting” — read job-cutting — “was on the cards as the effect of Brexit could cost it up to $400m [million],” the BBC reported July 21. GM’s Opel division, which closed a plant in Bochum, Germany, in 2014, might also shutter more plants. Already Opel workers’ hours have been cut, with GM blaming Brexit.Ford has no plants in the U.K., but exports from the EU to Britain. The Brexit vote pushed down stock values at Ford, GM and even FCA, which has only 2 percent of the British market.Ripple effect of a multiplier industryMass layoffs in auto are said to cost eight jobs indirectly for every job cut directly — in parts-supplier plants, steel mills, tire companies, restaurants and bars around the plant, and public jobs affected when the tax base drops. Unifor-commissioned studies estimate over 30,000 jobs would be lost indirectly if either FCA’s Brampton or GM’s Oshawa plant closes. In Detroit, suppliers affected by restructuring include Martinrea, which has already announced it will close due to the axing of the Chrysler 200.The possible job loss projections are based on current sales, which in the U.S. have surpassed sales in 2006 — before the auto recession sent sales tumbling. Since then, tens of thousands of UAW jobs have been eliminated.Over the decades, auto plant closings have had a racist, disproportionate effect on Black autoworkers, whose ranks were decimated when plants in Detroit and Flint were closed while newer suburban plants stayed open.The new rounds of layoffs will have a similar racist impact. Sales rebounded after the auto industry bankruptcy — in no small part due to relaxed credit terms and loans to buyers that stretched payments out over up to eight years. The companies made record profits by hiring workers for less, under the two-tier pay structure. Thousands of oppressed youth were able to get union jobs that, even with a lower wage, paid more than double minimum wage. Now they will be the first to be laid off in the latest restructuring.Around the world, jobs are being cut even in the midst of record sales and profits. Another crisis of capitalist overproduction, accelerated by unpayable loans, would devastate autoworkers and their communities.During the Flint sit-down strike of 1936-37, the UAW raised “30 for 40” — 30 hours work, 40 hours pay. Today, winning that demand could create 30,000-plus new union jobs at the Detroit Three’s U.S. plants alone.The labor movement worldwide must revive the demand for a shorter work week.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
WhatsApp Local NewsBusiness Pinterest Pentwater Urges a Halt to Rio Tinto’s Attempt to Obstruct Turquoise Hill’s Financing and Governmental Discussions Previous articleBadger Meter Reports Fourth Quarter and Full Year 2020 ResultsNext articleSea shanties are having a moment amid isolation of pandemic Digital AIM Web Support By Digital AIM Web Support – January 29, 2021 TAGS WhatsApp Facebook Twitter Pinterest Twitter NAPLES, Fla.–(BUSINESS WIRE)–Jan 29, 2021– Pentwater Capital Management LP (” Pentwater “), the largest minority shareholder of Turquoise Hill Resources Ltd. (” Turquoise Hill ” or the ” Company “) (TSX:TRQ) (NYSE:TRQ), urges regulators, including the U.S. Securities Exchange Commission (“SEC”), to carefully consider Rio Tinto’s alleged breach of securities laws and continued improper actions involving Turquoise Hill. Just over a week ago, a Federal District Court in the Southern District of New York appointed Pentwater as lead Plaintiff in a class action lawsuit against Rio Tinto. That lawsuit outlines how Rio Tinto violated federal securities laws by failing to timely disclose its knowledge of the massive cost overrun and schedule delay at the Oyu Tolgoi mine which is 66% owned by Turquoise Hill. In the short period of time since Pentwater’s appointment, Rio has taken additional action to harm Turquoise Hill. Just yesterday, Turquoise Hill announced that Rio Tinto is ordering Turquoise Hill to: (1) stop all conversations with the Government of Mongolia, its fellow shareholder in the Oyu Tolgoi mine, and (2) stop attempting to finance the cost overrun overseen by Rio with project bonds. 1 Additionally, just one short week ago, Rio unilaterally declared that it will not proceed with the undercut at the mine unless its own self-serving mine finance plan is implemented. Even Rio’s hand-picked board of directors at Turquoise Hill knows that acceding to Rio’s demands would be inconsistent with their and Rio’s fiduciary obligations owed to Turquoise Hill and all of its shareholders. Why would Rio (in its capacity as operator of the mine) possibly think it is good business practice or good government relations to forbid Turquoise Hill (the 66% owner of the mine) from having direct, one-on-one communication with the government of Mongolia (the 34% owner of the mine)? Why would Rio possibly think it is good business practice or good government relations to order Turquoise Hill to accept a value destructive financing option to finance the very cost overruns overseen by Rio Tinto? Why would Rio think it is good business practice or good government relations for Rio Tinto (the mine operator) to dictate to the mine owners that the undercut should only proceed after Rio gets its way on the mine financing plan? These questions answer themselves. Of course, Rio’s perspective might be influenced by the $1.4 billion in fees that it has already been paid by OT and Turquoise Hill. Rio’s recidivist disregard for its legal obligations is alarming. It has been reported that the cost and schedule overruns at Oyu Tolgoi are under investigation by the SEC, the UK Serious Fraud Office, the Australian Securities and Investment Commission, and the Government of Mongolia. Rio was fined by the United Kingdom’s Financial Conduct Authority for breaching Disclosure and Transparency Rules in reporting its activities at a mine in Mozambique, and is under a separate investigation by the U.K. Serious Fraud Office for corruption and bribery in its conduct of business in the Republic of Guinea. Rio has been reprimanded due to its destruction of the Juukan Gorge, where an Australian government inquiry has found its actions inexcusable and emblematic of a flawed corporate culture. Rio’s new CEO has been on the job for less than a month after its previous CEO departed after unforgivable corporate misdeeds. Unfortunately, rather than cleaning house and putting Rio on a path toward becoming a good corporate citizen, Jakob Stausholm is perpetuating Rio’s flawed corporate culture. He promoted Arnaud Soirat to Chief Operating Officer despite the fact that Mr. Soirat was identified by whistleblower Richard Bowley as having knowledge of the fraud to hide Rio’s cost overruns and schedule delays from Turquoise Hill shareholders and the Government of Mongolia. Now, Mr. Stausholm is personally orchestrating Rio’s actions against Turquoise Hill and the Government of Mongolia disclosed yesterday. On December 22, 2020, Turquoise Hill issued a press release informing shareholders of the progress being made in its comprehensive funding review process. Turquoise Hill disclosed that market testing and continued negotiations confirmed that multiple sources of competitively priced non-equity capital are available that would create significant value for Oyu Tolgoi’s shareholders and not require any “completion support” from Rio Tinto. But any solution that does not enable Rio to continue profiting at the expense of other Oyu Tolgoi stakeholders does not seem to be amenable to Rio. Rio Tinto is now using seemingly every tactic at its disposal to prevent Turquoise Hill from securing a financing solution that benefits all of its shareholders, not just Rio alone. This cannot be allowed. Pentwater urges regulators to consider Rio’s ongoing improper activities across the globe. 1 Rio is utilizing a special committee of the OT board in its attempt to control Turquoise Hill. This special committee is compromised of just Rio and Turquoise Hill. Rio, however, is the only entity that has the right to cast a vote on this committee. Rio’s proposal on financing and governmental communication has been put forward to this committee. Rio plans to cast its vote in favor of this proposal. Once Rio has so voted, Turquoise Hill is arguably contractually obligated to support this proposal when it is then introduced at the next OT Board meeting. It is through this mechanism that Rio is overriding Turquoise Hill’s right and fiduciary obligation to finance the mine in the most economically efficient manner and work with the government of Mongolia to create the greatest amount of value for all OT shareholders. View source version on businesswire.com:https://www.businesswire.com/news/home/20210129005112/en/ CONTACT: David Zirin- Chief Operating Officer Pentwater Capital Management 312-589-6401 KEYWORD: FLORIDA UNITED STATES MONGOLIA NORTH AMERICA ASIA PACIFIC INDUSTRY KEYWORD: PROFESSIONAL SERVICES NATURAL RESOURCES MINING/MINERALS FINANCE SOURCE: Pentwater Capital Management LP Copyright Business Wire 2021. PUB: 01/29/2021 08:30 AM/DISC: 01/29/2021 08:31 AM http://www.businesswire.com/news/home/20210129005112/en Facebook
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