2021.10.22 05:52 act-1 Joy
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2021.10.22 05:52 EV-BULL [NEWS] bahia.ba - Bank creditors approve mine recovery plan in Amapá
Published on 10/21/2021 at 1:03 pm.
Bank creditors approve mine recovery plan in Amapá The project is expected to cost US$ 200 million, and studies will start as soon as the contracts are signed Cadence Minerals, from England, obtained approval from bank creditors for an agreement for the judicial reorganization of Mina Pedra Branca, in Pedra Branca do Amapari, in Amapá. The company, which is one of the partners in the project together with Indo Sino, will now be able to start the investments planned to make the operation viable, according to a publication in the Valor Econômico newspaper.
Washington Pimentel, executive director of Ayres Catelino Pimentel Advogados, which represents Cadence and Indo Sino in the process, told Valor that after the approval of the three banks, Intesa San Paolo, Canada Bank and State Bank of India, the company will start the feasibility studies for the entire project, including the railroad, which is currently scrapped.
According to him, the project should cost US$ 200 million, and studies will start as soon as the contracts are signed. “The credit committee of all the banks approved the plan and now we expect that, within 60 days, the contracts will be signed. That way we can start the project schedule”, said Pimentel.
The lawyer pointed out that the company's biggest debt was with the banks, around US$ 150 million. In structuring the judicial reorganization plan, it was proposed that Indo Sino, which was the creditor of this project, should become a partner. But, according to him, the plan did not go ahead because “there was no such negotiation with the banks”.
“The operation should go into operation within 24 to 36 months. Some studies started in March, such as the most relevant feasibility studies, level 2 and 3, which demand the revitalization of the entire railway and port. The railroad already exists but it is scrapped.”
The project is located in a permitted area in the Amazon region of the State of Amapá and aroused the interest of Eike Batista, who in 2003 obtained all the environmental licenses to operate the mine. The first extraction took place in 2007. In 2008, the complex was in the hands of Anglo American, after the miner bought MMX's operations. In 2013, however, Anglo exited the business, which was bought by the also British Zamin Ferrous.
At the end of that year, an accident occurred at the port terminal that destroyed the berthing pier and made the mine's operation unfeasible. With that, in 2014, Zamin filed for judicial recovery.
According to Cadence, the Amapá Iron Ore Project produced 6.1 million tons of iron ore per year, and was valued at US$ 660 million. The company updated its mineral resources estimate in November 2020, increasing by 21%. The current estimate is 176.7 million tons. “We can produce an ore with 65% iron content. A premium product,” said Pimentel.
Today, the mine only operates with the export of stocks formed before its shutdown. Foreign sales of this iron ore had a revenue limit of US$ 20 million and were carried out in two operations, one in March and the other in August.
The ore shipments are part of the inventory of around 1 million tons that DEV Mineração, Zamin's replacement, manages. This export, however, was delayed two years, as the stock was given as a fiduciary guarantee.
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2021.10.22 05:52 irishreally How much were the Algogems in the first round of the token sale?
2021.10.22 05:52 Borkermar On work training should come back to replace college educations
It seems to me that half the people I know got an absolutely useless college degree in order to enter into a job that specifically requires said useless college degree. What is funny about that situation is that a lot of these people could literally just be trained for a few weeks or at most a few months at the job and they'd be as adept as a person that went to college for it for 2 to 4 years.
I am obviously not talking about jobs like a lawyer, engineer or IT, basically stuff that requires extensive pre-existing knowledge to do it.
I am however talking about needing a pre exiting degree to be someone at the frontdesk or most of the jobs HR does, archiving etc. Or the extra-training a lot of jobs send you on, I recently had to get a "mini degree" to use a program that I have been using for over a year already, which literally is just to get a piece of paper.
Just to be clear I am not shitting on anyones job here, I am simply saying that it seems like a gigantic waste of money and time for everyone involved by having all these bullshit degrees floating about, it kind of feels like a giant scam for colleges to make as much money as possible.
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2021.10.22 05:52 elon47moskovy How is pantheon mid played and how viable it is ?
I never attempted playing him mid only top and supp do the builds and the ruins change ? and what is his playstyle ? Is it better tha supp and top ?
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2021.10.22 05:52 principessa_monodose Don't know how to handle a situationship
So I (21F) met this guy (23M) online and started going about for about three months. We are really shy so it's hard for both of us to be open about certain topics. Also, we never really kissed or have done other "physical" stuff beside hugs.
Last time we have seen I finally asked him about his previous relationships (how they went) and what are his plans about us. He said that he just had casual girlfriends, nothing serious. He also said that he sees me more than a friend, but when I asked him if he wants a serious or more casual relationship he wasn't really sure about the answer.
When I started talking about my past experiences (that I dated only extroverted people who were not really compatible with me), he also agreed and complained about the same stuff and that sounded a bit weird (like why is he pointing out this now and not before?)
My concern is that he is not really honest, because he seem to agree to all the things I say. Maybe he doesn't want to argue with me, but I need also to do this with him in order to grow.
Should I ask him to be more honest, and less "easy-to-talk"? I know that usually the problem is the exact opposite, but in this case I feel that too much agreement is not letting us to grow and connect on a deeper level.
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2021.10.22 05:52 naighbor-vadim Do you like the bot or no?
2021.10.22 05:52 bigboibogai what you look for in a boy
2021.10.22 05:52 Firegoat1 The Blood Donor
A guy walks into a bar and orders a round of beer for the bar. "I just gave blood for the first time in my life this morning, and I've never felt so great!" the guy exclaims to the bartender. "That's great!" the bartender replies. "You bet it is," the guy says. "Turns out I'm not the father."
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2021.10.22 05:52 Pink-Flying-Pie Nur ein kleines Schlückchen
2021.10.22 05:52 ZaratosBlackGaming Old spice...
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2021.10.22 05:52 kaz00ya Got stuck in this doorway after closing hatch, 1st floor RPD Operations Room. Could only move sideways but not front and back.
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2021.10.22 05:52 GaunterPatrick $1 E-Juice on Sale and use NPL20% to get the crazy discount during Thanksgiving! https://volcanoesvape.com/?aff=18
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2021.10.22 05:52 Emery_Exists drew sophie and jenny :>
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2021.10.22 05:52 MunirNDK Hey Traders, Looking for a forex Group to earn with while you learn to trade? Look no further, join my channel today and start earning, see if my channel is the right place for you by clicking the link and checking us out & Remember it’s completely FREE to join
2021.10.22 05:52 svanapps Bitcoin Bull Market Has Plenty Steam Left, Indicators Suggests
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2021.10.22 05:52 KeyGroup9978 Barista ?
2021.10.22 05:52 K-O-L Imgur Issues with Firefox 93.0 - Can't Upload / Sometimes Site Doesn't Load
2021.10.22 05:52 Uh_pneleope 1000x | Mailman to Messiah V2 | Mooning in a few days!
Mailman To Messiah V2 -- Launching 10/26/21 at 9PM Eastern time!!!
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Why $MMM? We based this coin on the Crypto Messiah himself. The Crypto Messiah started his adult career as a mailman and now he's a Crypto GENIUS. The goal of this coin is to honor his name for all he has done for this community and try to get him some more followers. He is the true Messiah of the crypto world. We are hoping to gain support from the Messiah himself to help launch our coin into outer space. We are planning on donating to different GoFundMe pages that are dedicated to mail deliverers who need help. Join our telegram to interact with our community and show the Messiah how much you appreciate him.
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We will be hosting give aways from out twitter account (@MailToMessiah) and are planning to have another once our telegram hits 150 members. Make sure to join!
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2021.10.22 05:52 chlo_marsh 50% OFF 24 HOURS ONLY!
2021.10.22 05:52 Electronic-Ad3518 First time buyer Question
Hi everyone! I’m still learning how to use reddit properly so I think I’m doing this right… I’ve heard there’s been a huge shortage of prius primes (or cars in general) and was wondering if I should hold off on purchasing the vehicle? I read about the huge incentive they gave during March 2021 and was debating if I should wait until there comes another huge rebate or something close to that. However, I really hate my current car and grow more and more impatient with it everyday for a number of issues! I’m willing to wait for a better deal, but realistically would it happen within the upcoming months (like Dec 21’-March 22’)? I heard of great deals of people purchasing it for even cheaper than a fully loaded prius!
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2021.10.22 05:52 Zaynalewis #YearnNFT Finance #Bounty Program is Live!
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2021.10.22 05:52 MyNomadTravels Facebook Ads - Instagram account link changed?
I’ve just checked my clients Facebook ads account this morning and saw that the Instagram account on the ad creation section is showing as unlinked and asking me to ‘connect account’ or alternatively ‘use selected page’ I’ve never seen this happen before (granted I’ve only been doing this 1-2 years)
When clicking connect account I then get prompted to add the Instagram account in our agency business manager settings? I’ve never seen this section before and am currently questioning my sanity haha!
Anyone ever experienced this or is this some uninformed Facebook ads updated (had a few of them recently)??
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2021.10.22 05:52 wezeir27 Raveena Tandon
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2021.10.22 05:52 ASAP_Antone 1999 OG shit