Word: noranda
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...last year bought the television arm (including the RCA brand) of French electronics giant Thomson. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. Says Arthur Kroeber, managing editor of the China Economic Quarterly, of the dealmaking: "It's not a silly gamble, but it is high risk...
...bought the television arm of French electronics behemoth Thomson, which gave it the RCA brand. Shanghai Automotive Industry Corp. is in talks to acquire the very English MG Rover, and has already bought Korean SUV maker Ssangyong. A consortium of Chinese companies bid on the Canadian mining firm Noranda. According to a recent study by Bain & Co., China's foreign investments will reach $86 billion by 2015. These global ambitions have generally been encouraged by the government, with Minister of Commerce Bo Xilai last month urging the nation to "reinforce our invest-abroad strategy...
...computers stacked three stories high. A hulking blue machine swallows PCs and mainframes whole, grinds them up and a few minutes later spits them out in quarter-size pieces. A system of magnets, screens and electrical currents separates out aluminum and steel, while the remaining mixed metals go to Noranda Inc., a copper smelter in Quebec. The metal scrap HP produces by the ton has a higher percentage of copper than ore excavated from the ground, according to Bob Sippel, Noranda's vice president of recycling. Last year the Roseville operation retrieved more than $5 million worth of gold, copper...
...Henderson, a hulk that bears old scars from open-pit mining. Digging petered out here in the 1950s -- as it happened, only a few feet short of the mother lode. Underneath Henderson, recent exploration has shown, are ore deposits said to be worth $1 billion. It is here that Noranda's subsidiary Crown Butte is pushing hard to start up a large 24-hour- a-day gold mine and processing mill. Workings would be underground and no cyanide would be used, but Yellowstone Park's director of resource management, Stu Coleman, has said that from an environmental point of view...
Baucus' letter, though it may stiffen the spines of the regulating agencies, probably won't be enough to stop the mine. Noranda and Crown Butte may well get a permit to operate. A draft environmental-impact statement is expected by summer, shepherded by the Forest Service and the Montana State Lands Department, two agencies generally considered to be pro-development. The fact is that the outdated 1872 mining law, which treats the U.S. as if it were an underdeveloped country to be exploited, does not allow the agencies to say no to a permit. They can say only "yes, provided...