(Adds no immediate comment from Bahrain Steel, Prumo) By Alexandra Alper RIO DE JANEIRO, Oct 16 (Reuters) - Anglo American Plc should restart operations at its Brazilian Minas Rio iron ore mine in November or December and a planned ramp-up to 26.5 million tonnes per year is likely to be reached in 2021, the miner’s Brazil chief said on Tuesday. The company halted production at the Minas Rio mine after two leaks in March in a pipeline that channels slurry more than 500 km (310 miles) from the mine in Minas Gerais state to a port in Rio de Janeiro state. The company has been inspecting the pipeline from April through October, and is working to change out about 4 kilometers of it out of caution after it discovered cracks in the welding. “We should finish the replacement in November. So everything is on track for us to resume operations in the fourth quarter. It could be in November or December,” the Brazil chief executive, Ruben Fernandes, told Reuters on the … [Read more...] about UPDATE 1-Anglo sees Minas Rio ramp-up target reached around 2021
(Reuters) - Ride-hailing firm Uber Technologies Inc increased the size of its debut bond offering to $2 billion as orders for the private placement swelled, Bloomberg reported on Tuesday, citing people with knowledge of the sale. The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay The offering includes a $1.5 billion portion of eight-year bonds, up from an originally planned $1 billion. The rest $500 million has a five-year tenure, the report said here Uber did not immediately respond to a request for comment. Chief Executive Officer Dara Khosrowshahi has said the company is on track to go public next year, with media reports that U.S. banks bidding to run the offering are valuing Uber at $120 billion. Reporting by Debroop Roy in Bengaluru; Editing by Sriraj Kalluvila … [Read more...] about Uber boosts bond offering to $2 billion: Bloomberg
CASCADE LOCKS, Oregon (Thomson Reuters Foundation) - Rebeccah Winnier’s father had a well-worn saying: “Daughter, when the fish are here, you’ve got to fish them.” So the indigenous, 40-year-old fisherwoman heeds his advice when salmon make their annual return to spawn along the Columbia River, a spectacular feat of nature that slices a gorge through the Cascade Mountains on the border of Washington and Oregon in the Pacific Northwest. But as a poor fishing season ends early, Winnier and other indigenous fishermen find their troubles compounded as freight trains block river access and coal dust contaminates the air. It has not been a good year for members of the Confederated Tribes of the Yakima Nation, whose fishing rights are protected under an 1855 treaty between Native American tribes and Washington state, which did not honor the terms. Their plight mirrors the struggle of many indigenous people around the globe, as native groups face ever … [Read more...] about Salmon fishing in the U.S.
Marcia Dunn Associated Press Published 6:11 PM EDT Oct 16, 2018 Cape Canaveral, Fla. – The NASA astronaut who survived last week’s failed launch and emergency landing knew he needed to stay calm. Air Force Col. Nick Hague on Tuesday described the closest call of his career: His space capsule violently ripped from his damaged rocket shortly after liftoff, then with lights flashing and alarms sounding, plunged steeply back to Earth with punishing force. Hague said he and his commander, Russian Alexei Ovchinin, were flung from side to side and shoved back hard into their seats, as the drama unfolded 31 miles above Kazakhstan last Thursday. One of the four strap-on boosters failed to separate properly two minutes into the flight to the International Space Station and apparently struck the core rocket stage, resulting instantaneously in a rare launch abort. It was the first aborted launch for the Russians in 35 years and only the third in history. Like each one before, … [Read more...] about NASA astronaut describes close call after failed launch
Jenny Leonard Bloomberg News Published 6:14 PM EDT Oct 16, 2018 President Donald Trump’s renegotiated trade deal with Mexico and Canada won’t get a vote in Congress this year, Senate Majority Leader Mitch McConnell said, setting up a potential contentious fight with Democrats next year over a signature White House accomplishment. “My trade advisers say you can’t possibly do it under the various steps that we have to go through. I had not heard that it might be possible to address it this year,” McConnell said in an interview with Bloomberg News Tuesday in Washington. Waiting until next year for Congress to approve the measure opens the possibility for Democrats to seek concessions from the White House if the party wins a majority in the House in midterm elections Nov. 6. McConnell said he has not had conversations with the White House about passing the agreement this year. “There’s no question this will be on the top of the agenda” … [Read more...] about McConnell rules out NAFTA vote before 2019