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Two companies you've likely never heard of just completed a $100 billion merger to become the world's largest mining company with virtual control over coal and copper exports worldwide
(
abc.net.au
)
42
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Scary
,
mining companies
,
Glencore
,
commodities trading
,
iron ores
,
copper
,
BHP Billiton
,
Xstrata
,
zinc
• • •
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07 Feb 2012
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Lando Lincoln
2012-02-07 09:33:54 AM
I'm sure that the company will have an exemplary record of environmental stewardship and will treat their workers very well.
calbert
2012-02-07 09:37:52 AM
"to become the world's largest mining company"
subby comprehension fail.
I'd say reading comprehension fail, but since it was a video, no reading was involved, just listening.
and subby still didn't understand it.
Mugato
2012-02-07 09:42:27 AM
Moland?
Pocket Ninja
2012-02-07 09:49:46 AM
Virtual control? Are holograms involved? Maybe some Smell-O-Vision?
dletter
2012-02-07 09:52:26 AM
"Let's go to serious and uptight version of Chelsea Handler for a report"
ZAZ
2012-02-07 10:01:54 AM
investors are being told there are synergies and economies of scale to be had with the merger
How much economy of scale is left to squeeze out of $90 billion worth of megacorporations? They're making large profits and this is not a case where they can't survive on their own.
vudukungfu
2012-02-07 10:29:47 AM
Lando Lincoln
:
I'm sure that the company will have an exemplary record of environmental stewardship and will treat their workers very well.
I know the President and CEO and I can assure you that Mr. Burns is going to treat us all well.
DarkJohnson
2012-02-07 10:56:00 AM
Francisco d'Anconia smiles
EnviroDude
2012-02-07 11:58:00 AM
DarkJohnson
:
Francisco d'Anconia smiles
came here to say this
/
Backwards Cornfield Races
2012-02-07 12:43:21 PM
World's largest mining company?
You're wrong.
Largest producer of thermal coal? Yes
Mining in general? No
2wolves
2012-02-07 12:43:57 PM
They've been the Raljon Snyders for some time.
HotIgneous Intruder
2012-02-07 01:12:49 PM
Well. Who will fix the prices if they don't do it?
Get with the globalist program, serfs.
Zik-Zak
2012-02-07 01:14:15 PM
Good for you, ma'am.
/not obscure
//at least it better not be
Atomic Spunk
2012-02-07 01:17:40 PM
dletter
:
"Let's go to serious and uptight version of Chelsea Handler for a report"
Ha ha! I thought the same thing when I saw the video - they look very similar.
DrZiffle
2012-02-07 01:20:31 PM
Stay the hell away from my milkshake.
Lost Thought 00
2012-02-07 01:22:09 PM
A business that can be destroyed almost instantaneously by a worldwide switch to nuclear and renewable energy.
dumbobruni
2012-02-07 01:27:09 PM
Lost Thought 00
:
A business that can be destroyed almost instantaneously by a worldwide switch to nuclear and renewable energy.
fat chance.
Kraftwerk Orange
2012-02-07 01:29:33 PM
Lost Thought 00
:
A business that can be destroyed almost instantaneously by a worldwide switch to nuclear and renewable energy.
You realize that copper is used in the transmission of electricity, correct?
/as if we're even close to converting to nukes and renewables.
FooDog
2012-02-07 01:35:42 PM
Oh I have heard of both companies alright. Glencore are some of slimiest bastards I have ever come across in my professional life.
DGS
2012-02-07 01:43:21 PM
Lando Lincoln
:
I'm sure that the company will have an exemplary record of environmental stewardship and will treat their workers very well.
Done in 1.
fifthhorseman
2012-02-07 01:44:20 PM
Pocket Ninja
:
Virtual control? Are holograms involved? Maybe some Smell-O-Vision?
Feel-Around.
State_College_Arsonist
2012-02-07 01:55:01 PM
Okay, am I the only one mystified as to why that truck would be pouring molten metal into a dirt pit? I'm not sure what that action would accomplish.
Saiga410
2012-02-07 02:04:25 PM
State_College_Arsonist
:
Okay, am I the only one mystified as to why that truck would be pouring molten metal into a dirt pit? I'm not sure what that action would accomplish.
Didn't watch the video I would hazard a guess that they are dumping slag. The unwanted stuff that usually floats to the top during refining into metal. Shoot... would be mainly silicon, carbonous material, and trace metals... I have forgotten a lot of my metallurgy, could be wrong on the makeup.
beta_plus
2012-02-07 02:10:39 PM
Well, we'll just have to go deeper!
/BWWWWWWWWWWWAAAAAAAAAAAAAAAAAHHHHHHMMMM!!!
vudukungfu
2012-02-07 02:22:05 PM
Saiga410
:
State_College_Arsonist: Okay, am I the only one mystified as to why that truck would be pouring molten metal into a dirt pit? I'm not sure what that action would accomplish.
Didn't watch the video I would hazard a guess that they are dumping slag. The unwanted stuff that usually floats to the top during refining into metal. Shoot... would be mainly silicon, carbonous material, and trace metals... I have forgotten a lot of my metallurgy, could be wrong on the makeup.
Let me tell you a little something about the chemical make up of slag alone.
(because there is no metallurgical content)
Unwashed slag is so full of chemicals that when you add water, it gives off SULPHURIC ACID.
PERIOD END.
SULFARKINBGPHURIC FARKINGACID.
But it's perfectly safe for our enviroment. trust them.
Really, I lived in a mill town all my life and studied chemistry and metalurgy and all the associated sciences, as well as environmental studies.
If you want safe byproducts from manufacturing concerns, you have to first be prepared to crucify alive the people that are doing shiat like this.
I mean take them out and scourge them with thorns, whip them, and bang farking nails through their limbs and hand tham on a tree and poke them and spit on them and play games for their possessions ate their feet.
And when you are done. YOU BETTER LET EVERYONE ELSE OUT THERE KNOW THAT if they try that shiat, THEY ARE NEXT.
we slacked on the method with the religious nut jobs and look what that got us.
Yeah, You want to be surrounded by fanaical industrialists?
I didn't think so.
I'll get the spikes.
wingnut396
2012-02-07 02:32:03 PM
Lost Thought 00
:
A business that can be destroyed almost instantaneously by a worldwide switch to nuclear and renewable energy.
Right because those industries don't need zinc, copper, iron ore, or thermo coal to heat steel furnaces. None what so ever.
Nadie_AZ
2012-02-07 02:33:29 PM
JP Morgan approves.
wingnut396
2012-02-07 02:44:48 PM
Actually, it looks like BoA does not own the building, BentleyForbes does. They bought in it at the top of the boom and their main tenant was BoA. BoA, and others I would assume, have dropped much of their office space in the past few years. So now the building is worth about half of what it was purchased for in 2006. I just wonder who holds the mortgage...
Or perhaps to BentleyForbes, which bought the property for $436 million from Bank of America in 2006. The tower was appraised at $202 million in March
(new window)
BIGNICKEL
2012-02-07 02:44:58 PM
vudukungfu
:
Saiga410: State_College_Arsonist: Okay, am I the only one mystified as to why that truck would be pouring molten metal into a dirt pit? I'm not sure what that action would accomplish.
Didn't watch the video I would hazard a guess that they are dumping slag. The unwanted stuff that usually floats to the top during refining into metal. Shoot... would be mainly silicon, carbonous material, and trace metals... I have forgotten a lot of my metallurgy, could be wrong on the makeup.
Let me tell you a little something about the chemical make up of slag alone.
(because there is no metallurgical content)
Unwashed slag is so full of chemicals that when you add water, it gives off SULPHURIC ACID.
PERIOD END.
SULFARKINBGPHURIC FARKINGACID.
But it's perfectly safe for our enviroment. trust them.
Really, I lived in a mill town all my life and studied chemistry and metalurgy and all the associated sciences, as well as environmental studies.
If you want safe byproducts from manufacturing concerns, you have to first be prepared to crucify alive the people that are doing shiat like this.
I mean take them out and scourge them with thorns, whip them, and bang farking nails through their limbs and hand tham on a tree and poke them and spit on them and play games for their possessions ate their feet.
And when you are done. YOU BETTER LET EVERYONE ELSE OUT THERE KNOW THAT if they try that shiat, THEY ARE NEXT.
we slacked on the method with the religious nut jobs and look what that got us.
Yeah, You want to be surrounded by fanaical industrialists?
I didn't think so.
I'll get the spikes.
I miss staying home from school on sunny, windless days due to the sulphur in the air.
/Sudbury
wingnut396
2012-02-07 02:48:13 PM
Yeah, so that was the wrong thread...
Saiga410
2012-02-07 04:23:50 PM
vudukungfu
:
Saiga410: State_College_Arsonist: Okay, am I the only one mystified as to why that truck would be pouring molten metal into a dirt pit? I'm not sure what that action would accomplish.
Didn't watch the video I would hazard a guess that they are dumping slag. The unwanted stuff that usually floats to the top during refining into metal. Shoot... would be mainly silicon, carbonous material, and trace metals... I have forgotten a lot of my metallurgy, could be wrong on the makeup.
Let me tell you a little something about the chemical make up of slag alone.
(because there is no metallurgical content)
Unwashed slag is so full of chemicals that when you add water, it gives off SULPHURIC ACID.
PERIOD END.
SULFARKINBGPHURIC FARKINGACID.
But it's perfectly safe for our enviroment. trust them.
Really, I lived in a mill town all my life and studied chemistry and metalurgy and all the associated sciences, as well as environmental studies.
If you want safe byproducts from manufacturing concerns, you have to first be prepared to crucify alive the people that are doing shiat like this.
I mean take them out and scourge them with thorns, whip them, and bang farking nails through their limbs and hand tham on a tree and poke them and spit on them and play games for their possessions ate their feet.
And when you are done. YOU BETTER LET EVERYONE ELSE OUT THERE KNOW THAT if they try that shiat, THEY ARE NEXT.
we slacked on the method with the religious nut jobs and look what that got us.
Yeah, You want to be surrounded by fanaical industrialists?
I didn't think so.
I'll get the spikes.
So..... ummmm yaaa........so was I right that the vid shows slag dumping and I was completely off base on what constitutes slag?
IamSoSmart_S_M_R_T
2012-02-07 04:55:12 PM
wingnut396
:
Lost Thought 00: A business that can be destroyed almost instantaneously by a worldwide switch to nuclear and renewable energy.
Right because those industries don't need zinc, copper, iron ore, or thermo coal to heat steel furnaces. None what so ever.
Shhh, let him wallow in ignorance for a little while longer...it's cute!
Kraftwerk Orange
2012-02-07 05:33:22 PM
Saiga410
:
vudukungfu: Saiga410: State_College_Arsonist: Okay, am I the only one mystified as to why that truck would be pouring molten metal into a dirt pit? I'm not sure what that action would accomplish.
Didn't watch the video I would hazard a guess that they are dumping slag. The unwanted stuff that usually floats to the top during refining into metal. Shoot... would be mainly silicon, carbonous material, and trace metals... I have forgotten a lot of my metallurgy, could be wrong on the makeup.
Let me tell you a little something about the chemical make up of slag alone.
(because there is no metallurgical content)
Unwashed slag is so full of chemicals that when you add water, it gives off SULPHURIC ACID.
PERIOD END.
SULFARKINBGPHURIC FARKINGACID.
But it's perfectly safe for our enviroment. trust them.
Really, I lived in a mill town all my life and studied chemistry and metalurgy and all the associated sciences, as well as environmental studies.
If you want safe byproducts from manufacturing concerns, you have to first be prepared to crucify alive the people that are doing shiat like this.
I mean take them out and scourge them with thorns, whip them, and bang farking nails through their limbs and hand tham on a tree and poke them and spit on them and play games for their possessions ate their feet.
And when you are done. YOU BETTER LET EVERYONE ELSE OUT THERE KNOW THAT if they try that shiat, THEY ARE NEXT.
we slacked on the method with the religious nut jobs and look what that got us.
Yeah, You want to be surrounded by fanaical industrialists?
I didn't think so.
I'll get the spikes.
So..... ummmm yaaa........so was I right that the vid shows slag dumping and I was completely off base on what constitutes slag?
What slag might look like:
Sherman Potter
2012-02-07 07:07:50 PM
Does this mean ammo is going to go up again?
cheesedog1
2012-02-07 08:29:10 PM
Since when does "announced plans" mean "just completed"?
Juc
2012-02-07 09:03:53 PM
Saiga410
:
.
So..... ummmm yaaa........so was I right that the vid shows slag dumping and I was completely off base on what constitutes slag?
from what I can tell, you're correct, they look like they're dumping slag.
rogue49
2012-02-08 05:47:41 AM
...and the prices go up....
CognaciousThunk
2012-02-08 09:03:22 AM
Xstrata is probably already in the top 5 in copper worldwide, and #1 in coal, so it's not like this is a huge change for them. Glencore's influence is as much or more in commodities trading and market-making as the actual production of the commodities; that's where regulators are raising an eyebrow.
HeadLever
2012-02-08 11:38:57 AM
vudukungfu
:
Unwashed slag is so full of chemicals that when you add water, it gives off SULPHURIC ACID.
That is because the ore bodies of usually have a high amount of sulfides. Same principal as Acid Rock Drainage.
However, for slag, there are standad pracitces that are done to mitigate the environmental impact of this disposal. Things like lining, mixing with buffering compounds, recycling all can be done to ensure that the environmental permit requirements are met.
If you want safe byproducts from manufacturing concerns, you have to first be prepared to crucify alive the people that are doing shiat like this.
Your 'free lunch' is pretty much a myth. There are impacts with all mining processes. And what exactly is 'this' in which these people need to be crucified? How do you not know that this slag is inert; or that the disposal area is not lined or mixed with limestone to nuetralize any acid generation?
/knee jerk reactions like yours if oftentimes worse than what you are yelling about.
HeadLever
2012-02-08 11:47:20 AM
Sherman Potter
:
Does this mean ammo is going to go up again?
Not because of this merger. There are still larger copper players, even after this merger.
http://blog.covestor.com/2011/04/worlds-largest-copper-producers-fcx- b hp-scco
HeadLever
2012-02-08 11:54:22 AM
Saiga410
:
So..... ummmm yaaa........so was I right that the vid shows slag dumping and I was completely off base on what constitutes slag?
Not really. Most slag is molten silica, however, it can depend upon what type of process you have (what you used for fuel and flux) and the makeup of your orebody/refined material. For example, Iron ore bodies are generally oxide type ores so you don't get as many of the sulfide minerals that you would see in coal/hardrock mining applications. Hence sulfuric acid generation is not typically a conern.
In any case, permitting will take into account the type of slag and attempt to mitigate any impacts it will have.
lilbjorn
2012-02-09 12:00:56 PM
What could possibly go wrong?
/The invisible hand will be giving us the finger once again
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