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Hulamin will hold 40% stake in aluminium casthouse in BEE deal

Hulamin will hold 40% stake in aluminium casthouse in BEE deal HULAMIN, the JSE-listed Pietermaritzburg-based aluminium semi-fabricator, will hold 40% of Isizinda Aluminium, a KwaZulu-Natal broad-based black economic empowerment (BBBEE) vehicle, which is buying BHP Billiton’s Bayside aluminium casthouse in the Richards Bay Industrial Development Zone for an undisclosed sum.Bingelela Capital, which holds a 60% stake in Isizinda, is a Zululand-based empowerment vehicle comprising four empowerment groups. It is 100% black owned with a 52% female shareholding.The acquisition, which is still subject to conditions precedent, will be funded using internal Isizinda resources. The transaction is based on a slab offtake agreement between Hulamin and Isizinda worth more than R10bn over five years.Isizinda means "hub" in isiZulu. Hulamin will provide managerial, technical and administrative support to Isizinda in terms of a strategic operator agreement."We are delighted as Isizinda acquires the Bayside casthouse and continues the supply of aluminium slab to Hulamin," Isizinda Aluminium CEO Sizwe Khumalo said on Monday.The deal comes after the global mining group closed its energy-intensive Bayside smelter in June this year, despite a highly favourable multi-smelter electricity supply agreement with Eskom.Global aluminium prices have been under severe pressure for years on rising output from lower-cost and subsidised Chinese smelters. Meanwhile, aluminium itself is being replaced ...  

China develops a taste for SKorean-TV and movies

Source: My Love From Another Star A scene from "My Love From Another Star," the most popular Korean drama in China Although Korean companies can use the capital to boost production budgets and quality, Chinese companies stand to benefit from "the superiority of Korean entertainment" production that has managed to garner so much global demand, Lee said. The influx of capital is driven by high demand for Korean content in major cities like Beijing and Shanghai, according to Lee. For instance, the 2013 Korean smash hit online drama "My Love from Another Star" sparked a cult craze in China and amassed a whopping record viewership of nearly 3 billion—more than double China's population of 1.3 billion. Read MoreChinese business mogul paid what for a van Gogh?! The high demand is inflating costs for distribution rights, increasing this revenue stream, according to Chris Jung, chief operating officer of Showbox Mediaplex, one of the largest film distribution companies in South Korea. Until last year, cost for distribution rights of Korean dramas was roughly $10,000 per episode, but it has soared to $100,000 to $200,000 per episode this year on the back of surging popularity, Jung said. Mike Suh, vice president and head of international business at Korean CJ Entertainment & Media, agreed with Jung, saying that according to CJ...  

BT in talks to buy mobile phone firm O2

Comments (0) Mobile phone company O2 could be sold off to BT, it has been reported. BT has confirmed that it is in 'highly preliminary' talks to buy the mobile phone firm, which is the second largest in Britain. The talks were confirmed by BT following a report in the Spanish press that said Spanish company Telefonica, which currently owns 02, could end up with a 20pc stake in BT in exchange.  That would value the deal at roughly £10bn. BT demerged and floated O2 in 2001, then branded Cellnet, to help pay off massive debts. BT is already preparing to re-enter the UK mobile market next year with its own consumer network, based on a wholesale deal with EE. ...  

Arsenal 1 Manchester United 2: Player Ratings

A brutal undeserved loss extends Arsenal's losing streak to three games and saps the team of much needed confidence. On the day Arsenal were the better team, but they lacked poise in front of goal and were punished for it, making their early mastery meaningless. David De Gea proved to be the difference as he was rock solid in goal for United and allowed the Red Devils to survive until they scored the first goal. Arsenal had their chances in the first half: Welbeck missed at the near post, Wilshere hit the ball straight at De Gea, Welbeck headed over the bar, Wilshere had a glorious chance saved by De Gea with a not too good shot (ironically Sanchez was to his left and would have had a tap in had Jack fed him the ball), and Sanchez had a good shot saved by the United keeper. In the second half Arsenal continued to be dominant. Welbeck had a shot saved before Wilshere was taken down just outside the box and injured. Shortly after United made one of their rare attacks and a cross from Fellaini to an offside teammate resulted in a collision between Szczesny and Gibbs. Valencia’s resulting shot struck Gibbs in an awkward way and the ball went into the goal. At that point Arsenal surged forward to get the equalizer, leaving wide gaps at the back that United could exploit. Sanchez had a header and Cazorla a shot which were both at De Gea. Arsenal were finally punished on a corner where they left just one man, Monreal, back to defend and the others were slow to react when the...  

Central Cities Health Institute introduces high school student to health careers

Editor's note: Academic Excellence features students, educators, programs and other school-related activities. WISCONSIN RAPIDS — Learning pediatric cardiac pulmonary resuscitation or dissecting the eyeball of cow might not seem unusual for someone pursuing a career in the health field.It might seem a little out of the ordinary for high school juniors and seniors — but those things are part of the coursework for Central Cities Health Institute, a two-year program based at Lincoln High School.The course, which includes students from surrounding districts — Port Edwards, Nekoosa and Assumption — began in 2006. Interested students apply for the program as sophomores, essentially to make sure they are on track for their science courses, said Kathy Jaronsinski, the course instructor.Interest in the program is growing, Jaronsinski said, adding the junior class in the largest since the program's inception.The program, and elective, is geared to introduce students to the health field and help them determine if the career is a good fit. Some find out it's not for them — the current class started with 24 students and is down to 19. Students in an earlier class all stayed with the program, Jaronsinski said."It really depends on the class," she said.Course work includes research, health-related courses, including medical technology and medical law, ethics and professionalism. A bonus is all students take the certified nursing assistant course during the...  

Bravo on FIFA Fifpro shortlist

Personal data provided on this form will be included in a file of which the FC Barcelona is the Controller and will be processed for the management of its relations with FC Barcelona and for the supply of publications and communications by mail and ...  

Android Modding 101

Ever wonder why Android is so popular? If you ask this question to 10 people and 9 of them will answer that it's because of the cost, or magnitude of choice or the abundance of apps. The remaining 1 person will probably answer with the fact that the prospect of modifying android is so vast, it's hard to pass up. Well, sure those 9 didn't exactly answer wrong, but to me, that last answer was the sole reason I ended up with Android. Due to the very nature of Android being open-source means that the developer community is constantly coming up with goodies that can enhance and even lengthen the lifecycle of your device. Now many people confuse android modding with jail breaking and claim it's the same thing but that's like comparing a Corolla with a BMW M5. Jail breaking only gives you very limited freedom and the ability to use cracked apps. In the Android camp however, modding opens up the world to do, quite literally, anything. From enhancing performance, to lengthening battery life, to changing the feel of the phone to even changing the stock OS to aftermarket OS. Once you delve into it, you will always wonder how you ever went on without it. Now, most people think that modding Android is as complicated as sending a man on Mars, but I assure you it's not. The 1st few parts are tricky yes, but once that's out of the way, it's so simple even a 5 year old could do it. To understand modding, we'll go over the 4 things it comprises of. ROOTING "Just root it" is something you've pr...  

Germany Considers India A World Power

Mark Hauptmann, a renowned political scientist and senior member of the German Parliament, has said that his country views India as a ‘world power’. Hauptmann, currently leading a German delegation in India to explore potential areas for more intense bilateral collaboration in different fields, also said that ‘close’ ties between India and Germany would be beneficial for the entire world. Describing the two countries as a ‘perfect match’, the experienced German politician further said that from a political and economic standpoint, it would be better for New Delhi and Berlin to energise their relationship. Hauptmann has explained the similarity between the top German and Indian leadership, saying that both the countries are headed by leaders “who emerged from elections with sweeping mandates”. According to him, as the European economic powerhouse and key member of the EU, it is important for Germany to boost ties with the South Asian country. For Germany, India is not only a vast market to tap into, but a strategic partner with a lot of shared values, like democracy and rights of freedoms, added the German MP. He believes that India is emerging as a world power that will contribute almost half of the world’s GDP in the coming years. Speaking at a seminar hosted by the Madras Management Association in the southern Indian city of Chennai a couple of days back, Hauptmann said: “We believe India will play a lea...  

Why commodities ETFs are right for your portfolio now

Bloomberg If you believe in buying when prices decline, you might want to think about adding commodities to your portfolio, either for the first time or enlarging your existing position.Commodities are regarded as a single asset class but they aren’t a single market, as are stocks and bonds. Rather, each commodity’s price responds to its own unique supply and demand factors, even for those markets that are related — crude oil and gasoline, for example. While some overarching developments such as rising interest rates can affect them all, commodities by and large are independent of each other.This year’s performance roster is littered with minus signs. For example, United States Oil ETF USO, +1.29%   is down 28% since June (through Nov. 14). Meanwhile, iPath Dow Jones UBS Grains Total Return ETN JJG, +0.21%   has dropped 26.7%. SPDR Gold Trust GLD, +0.46%   is off 14% since March and United States Copper CPER, +0.49%   has lost 10.7% since Dec. 31.The few in the plus column haven’t sustained their best gains. The iPath Dow Jones UBS Coffee Total Return ETN JO, +1.24% for example, soared 96% this year into April, but then fell by 14% and closed on Nov. 14 with a 67% net gain so far for 2014. The iPath Dow Jones UBS Cocoa Total Return ETN NIB, -0.63%   jumped 24% into September but fell back 18% to close with a net gain of less than 2%. Investors have a lot to be thankful for this year(3:54) Marketwatch's Chuck Ja...  

Bayern Munich Transfer News and Rumours Tracker: Week of November 24

Michael Probst/Associated Press The news that Sami Khedira may be on his way to Bayern slammed down upon the Internet late last week after a relatively quiet few weeks for the club on the transfer front.  The Germany international has been linked with the Bundesliga champions from time to time, yet the British press decided to jump upon reports from Spain that suggested he was about to sign a pre-contract agreement with Bayern. As reported in The Independent on November 20, an unsourced report by Cadena SER stated that the midfielder had agreed to join Guardiola's side over Chelsea and Arsenal.  The Daily Mail ran an interesting line that very day, stating that Bayern were favourites to win the midfielder's signature, but Real Madrid were now determined to keep him following the long-term injury to Luka Modric. The rumours were then brought back down to earth when Bayern’s sporting director, Markus Horwick, stated that the stories were made up. As reported on Eurosport on November 21, Horwick said: “The rumours are 0 per cent real.” For now, it would seem as though Khedira is still very much a Madrid player. ...  


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