December 2009

Saudi Maaden, Alcoa in $10.8 billion aluminum deal

RIYADH (Reuters) –
State-run Saudi Arabian Mining Co (Maaden) (1211.SE) and U.S. aluminum giant Alcoa (AA.N) agreed on Sunday to build a $10.8 billion aluminum complex in the world's top oil exporter, targeting the Middle East from 2013.

Under the deal, the companies form a joint venture to set up a 1.8 million ton-per-year refinery, a 740,000 ton-per-year smelter, a bauxite mine with an annual capacity of 4 million tons and a rolling mill with a capacity of up to 460,000 tons.

The firms have yet to raise the financing for the complex mainly planned to be built in Ras Azzour on the kingdom's Gulf Coast close to Maaden's phosphate fertilizer plants.

"We will go for financing during 2010," said Maaden Chief Executive Abdullah al-Dabbagh.

Last December, Rio Tinto Alcan (RIO.L) abandoned its 49 percent stake in a 740,000 ton-per-year smelter project because it was unable to obtain financing due to the global financial crisis. The project was then budgeted at $8 billion.

The smelter and mill are slated to start production in 2013 while the refinery and mine would come online in 2014, Dabbagh told reporters in the Saudi capital Riyadh.

The project aims at "making Saudi Arabia and the Middle East a major hub for aluminum production and its downstream industries," Dabbagh added.

NO FUNDING YET

Alcoa Chief Executive Klaus Kleinfeld told Reuters the costs of $10.8 billion would be split, with the U.S. firm and its partners paying 40 percent while Maaden is to handle 60 percent.

He said a variety of funding options were being considered, when asked whether Alcoa could conduct a capital hike or go for debt.

Plans call for the expansion of the mill to 460,000 tons of aluminum sheets, ends and tabs stocks for the manufacturing of aluminum cans, the firms said.

Development will take place in two phases, starting with the smelter and rolling mill to be followed by the mine and refinery, Dabbagh said during a signing ceremony.

For the alumina refinery, Maaden has received four bids for a $1 billion engineering, procurement and construction management contract, industry sources said earlier this month.

U.S. Fluor Corp (FLR.N) teamed up with Worley Parsons (WOR.AX) and Canada's SNC-Lavalin Group Inc (SNC.TO) joined forces with Hatch to submit proposals. France's Technip (TECF.PA) and U.S. Bechtel bid individually.

Maaden is investing about 60 billion riyals ($16 billion) to develop the kingdom's phosphate, bauxite, gold and industrial minerals and help reduce reliance on oil.

A phosphate and fertilizer joint venture with Saudi Basic Industries Corp (SABIC) (2010.SE) is due online in 2011.

($1=3.750 Saudi riyals)

(Additional reporting by Reem Shamseddine in Khobar; editing by John Stonestreet and Matthew Lewis)

Email Lists

Brand marketers also use online lead generation to generate marketing leads. Marketing leads were introduced to the online lead generation market in 2007. Till then, a large portion of the online lead generation market was focused on generating sales leads.

Marketing leads are brand-specific leads generated for a unique advertiser offer. In contrast to sales leads, marketing leads can only be sold to to a unique advertiser. Marketing leads are generated for a unique brand – Wells Fargo, Coca Cola, etc. Marketing leads are typically generated for e-newsletter lists, email databases, member loyalty programs, community sites or for vendor-specific sales efforts. Sales leads are generated for a particular industry – e.g. Finance, Mortgage, etc.

http://www.buyemail-list.com/about-us.html

Promotional Items

At one time, the use of promotional products was limited to random give-aways and not as a part of an integrated marketing effort. Today, many more promotional products are distributed by businesses and organizations, sometimes with the assistance of a promotional consultant, to specific target markets to generate specific and measurable results.

The industry is made up of supplier companies who manufacture or import the products, inventory them and decorate them on demand. There are approximately 2,000 supplier companies and 18,000 distributors in the United States. Distributors buy from the supplier companies and sell them to the marketers who are termed "end buyers." The industry is made up of many small and entrepreneurial individuals and companies with 95% of distributor companies selling less than $2.5 million per year.

Promotional Items

U.S. sends 12 Guantanamo detainees to home countries

WASHINGTON (Reuters) –
Twelve detainees held at the U.S. military prison at Guantanamo Bay, Cuba, have been transferred to Afghanistan, Yemen and breakaway Somaliland, the U.S. Justice Department said on Sunday.

Six Yemeni and four Afghan detainees were sent to their home countries while two Somalis were transferred to regional authorities in Somaliland, an enclave of Somalia, the Justice Department said.

(Reporting by Jeremy Pelofsky, editing by Doina Chiacu)

China: Climate talks yielded 'positive' results

BEIJING – China, the world's largest emitter of greenhouse gases, lauded Sunday the outcome of a historic U.N. climate conference that ended with a nonbinding agreement that urges major polluters to make deeper emissions cuts — but does not require it.
The international climate talks that brought more than 110 leaders together in Copenhagen produced "significant and positive" results, Foreign Minister Yang Jiechi said.
Disputes between rich and poor countries and between the world's biggest carbon polluters — China and the United States — dominated the two-week conference. Tens of thousands of protesters took to the streets to demand action to cool an overheating planet.
The meeting ended Saturday after a 31-hour negotiating marathon, with delegates accepting a U.S.-brokered compromise. The so-called Copenhagen Accord gives billions of dollars in climate aid to poor nations but does not require the world's major polluters to make deeper cuts in their greenhouse gas emissions.
German Chancellor Angela Merkel defended the much-criticized outcome as a first step that paves the way for action. Merkel was quoted Sunday as telling the Bild am Sonntag newspaper that "Copenhagen is a first step toward a new world climate order — no more, but also no less."
Merkel said that "anyone who just badmouths Copenhagen now is engaging in the business of those who are applying the brakes rather than moving forward."
Yang said the positive outcomes of the conference were that it upheld the principle of "common but differentiated responsibilities" recognized by the Kyoto Protocol, and made a step forward in promoting binding emissions cuts for developed countries and voluntary mitigating actions by developing countries.
"Developing and developed countries are very different in their historical emissions responsibilities and current emissions levels, and in their basic national characteristics and development stages," Yang said in a statement. "Therefore, they should shoulder different responsibilities and obligations in fighting climate change."
He said the conference also created a consensus on key issues such as long-term global emissions reduction targets, funding and technology support to developing countries, and transparency. He did not go into details.
"The Copenhagen conference is not a destination but a new beginning," Yang said.
China has said it will rein in its greenhouse gas output, pledging to reduce its carbon intensity — its use of fossil fuels per unit of economic output — by 40 to 45 percent.
The Copenhagen Accord emerged principally from President Barack Obama's meeting with Chinese Premier Wen Jiabao and the leaders of India, Brazil and South Africa. But the agreement was protested by several nations that demanded deeper emissions cuts by the industrialized world.
Its key elements, with no legal obligation, were that richer nations will finance a $10 billion-a-year, three-year program to fund poorer nations' projects to deal with drought and other impacts of climate change, and to develop clean energy.
A goal was also set to mobilize $100 billion a year by 2020 for the same adaptation and mitigation purposes.
In a U.S. concession to China and other developing nations, text was dropped from the declaration that would have set a goal of reducing global emissions by 50 percent by 2050. Developing nations thought that would hamper efforts to raise their people from poverty.

Giant iceberg spotted south of Australia

SYDNEY (AFP) –
A monster iceberg nearly twice the size of Hong Kong island has been spotted drifting towards Australia in what scientists Wednesday called a once-in-a-century event.

Australian glaciologist Neal Young pinpointed the slab, which is some 19 kilometres (12 miles) long and about 1,700 kilometres south of the country, using satellite imagery.

He said he was not aware of such a large iceberg being found in the area since the days when 19th century clipper ships sailed the trade route between Britain and Australia.

"I don't recall any mention of one for a long, long time," Young, of the Australian Antarctic Division and the Antarctic Climate and Ecosystems Cooperative Research Centre, told AFP.

"I'm guessing you would probably have to go back to the times of the clipper ships."

Young said the iceberg measured about 140 square kilometres (54 square miles). Hong Kong island's surface area is about 80 square kilometres.

The glaciologist said the iceberg carved off the Antarctic about 10 years ago and had been slowly floating round the icy continent before taking the unusual route north.

He said the "very, very big" iceberg was originally about 400 square kilometres but then split into two smaller pieces.

"This one has survived in the open ocean for about a year," he said. "In that time it's slowly been coming up to the north and north east in the general direction of Western Australia."

The finding comes after two large icebergs were spotted further east, off Australia's Macquarie Island, followed by more than 100 smaller ice chunks heading towards New Zealand.

Young described the icebergs as uncommon, but said they could become more frequent if sea temperatures rise through global warming.

A long tongue of land that points northwards towards South America, the Antarctic peninsula has been hit by greater warming than almost any other region on Earth.

Scientists say that in the past 50 years, Antarctic temperatures have risen by 2.5 degrees Celsius (4.5 degrees Fahrenheit), around six times the global average.

Taliban dynamite schools in NW Pakistan: official

PESHAWAR, Pakistan (AFP) –
Taliban militants on Wednesday dynamited two boys' schools in Pakistan's Khyber district, where troops are pressing an offensive against Islamist insurgents, an official said.

The attacks took place in Bara town, about 20 kilometres (13 miles) south of the regional capital Peshawar, with most of the buildings reduced to rubble but no one injured in the blasts in the early hours of the morning.

Pakistan is currently in the grip of a fierce Taliban insurgency, with 68 people killed in bombs across the country in the past three days alone as militants avenge multiple operations against them in the lawless northwest.

"Both main school buildings were completely destroyed," said Shafeerullah Wazir, the top administrative official of Khyber district, adding that only two classrooms remained standing in the adjacent schools.

Wazir said that militants buried large quantities of dynamite around the outer walls of the government-run high school and primary school.

"Both Taliban and Lashkar-e-Islam people are involved in this act," he said.

Pakistani troops launched an offensive in Khyber district -- which straddles Peshawar and Afghanistan -- in September to try and flush out both the Taliban and homegrown militant group Lashkar-e-Islam (Army of Islam).

Bara is close to Peshawar, the capital of North West Frontier Province, which has been hit by a series of bombings in recent months, with a suicide blast on October 28 killing 125 people in the worst attack in two years.

Islamist militants opposed to co-education have destroyed hundreds of schools, mostly for girls, in the northwest of the country in recent years.

Nearly 200 schools were destroyed in the Swat valley alone during a two-year Taliban uprising to enforce sharia law in a district once favoured by Western tourists for its ski slopes and bracing mountain air.

Pakistan's military is engaged in offensives against Islamist fighters across much of the northwest including the tribal areas bordering Afghanistan, a region branded by Washington as the most dangerous place on earth.

About 30,000 troops poured into South Waziristan in mid October to try and dismantle the strongholds of the Taliban leadership, enraging militants who have responded with a surge in bomb blasts and attacks.

On Monday, blasts in Peshawar and the eastern city of Lahore killed 59 people, then on Tuesday two suicide attackers detonated a car bomb near the offices of Pakistan's main spy agency in eastern Multan, killing nine.

A fierce Islamist insurgency has killed more than 2,670 people in attacks in Pakistan mostly blamed on the Taliban in the last two-and-a-half years.

Iran: UN observatory near border is spy station

TEHRAN, Iran – Iran accused world powers on Wednesday of trying to spy on the country with a newly built U.N. seismic monitoring station near its border to detect tremors from nuclear explosions.
Construction of the station was completed last week in neighboring Turkmenistan, a few miles from the Iranian border. It's one of 337 such stations worldwide that detect seismic activity set off by weak blasts and even shock waves from nuclear experiments.
Abolfazl Zohrehvand, an adviser to Iran's nuclear negotiator Saeed Jalili, said the international treaty that allows for setting up such observatories is an "espionage treaty."
"With the disclosure of the identity of such stations, it is clear the activity of one of them (in Turkmenistan) is to monitor Iran," Zohrehvand told state IRNA news agency.
Zohrehvand said the U.N. planned to set up more than one such station around Iran.
The U.S. and some of its allies suspect Iran's nuclear program is a cover to develop nuclear weapons. Iran has denied the charges, saying the program is geared toward generating electricity.
A U.N. commission that seeks to ban all nuclear tests announced last week on its Web site that the new nuclear warning station has been set up between Turkmenistan's Karakum Desert and the Kopet mountain range.
The Vienna-based Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organization, or CTBTO, said the station has now been fully constructed and is currently undergoing testing.
Zohrehvand said the CTBTO is a "security and espionage treaty, even more dangerous" than the Nuclear Non-Proliferation Treaty's additional protocol, which allows intrusive inspections of nuclear facilities in member states. Iran is a member of both the CTBTO and the NPT.
The United Nations has demanded Iran freeze uranium enrichment. Tehran insists it has a right to enrich uranium to produce fuel for nuclear reactors to generate electricity. Uranium enriched to low levels can be used as nuclear fuel but enriched to higher levels, can be used at material for a nuclear bomb.
Iran and the West are deadlocked over a U.N. proposal for Iran to send much of its enriched uranium abroad. The plan is aimed at drastically reducing Iran's stockpile of enriched uranium in hopes of thwarting the country's ability to potentially make a nuclear weapon. So far, Iran has balked at the offer.
Recently, Tehran announced it intends to build the 10 new sites — a statement that followed a strong rebuke from the U.N. nuclear watchdog agency.

U.N. agency sees severe food shortage in North Korea

SEOUL (Reuters) –
North Korea is expected to suffer a serious grain shortage this year, well short of what it needs, a U.N. official who recently returned from the impoverished state said on Wednesday.

"We do estimate that the DPRK (North Korea) may have to import a bit over 1 million tonnes to cover the needs," said Daniele Donati, U.N. Food and Agriculture Organisation's emergency operations chief, who went there on an inspection tour state last week.

The FAO estimates that destitute North Korea needs about 5.1 million tonnes of grain a year for food, animal feed and seed.

The shortfall is about the same as last year's in a country where the United Nations says millions do not have enough to eat.

Donati told Reuters in a telephone call from Bangkok the North Korean food shortage was persistent but more or less stable.

"There is reason for concern," he said. He expects the FAO to release a more detailed assessment early next year.

A North Korean long-range rocket launch, widely seen as a missile test, and a separate nuclear test this year stoked criticism that the country should spend more on its citizens and less on weapons. It also soured the mood for the international food donations that Pyongyang relies on to feed its people.

The North has lost out on about 500,000 tonnes of rice aid and about 300,000 tonnes of fertilizer South Korea used to provide each year due to political wrangling with its neighbor.

Donati said the North's farm sector has been hurt by shortages of fertilizer and that use of fertilizer this year marked lows not seen since about 1990.

There was no indication that flooding the North saw in the middle of the year had caused major harm to the harvest, he said.

Pyongyang has tried to keep its humanitarian needs separate from the sputtering nuclear discussions that received new hope when U.S. President Barack Obama sent his first envoy to the North this week in a bid to revive the talks.

But the North's recent currency revaluation appears to have been met with widespread anger by inflating the price of goods and food for an already impoverished public and slashing the wealth of a burgeoning merchant class.

(Editing by Jonathan Thatcher)

Swedish EU presidency hails new era

BRUSSELS (AFP) –
Swedish Prime Minister Fredrik Reinfeldt on Tuesday hailed "a new era for Europe" as the bloc's reforming Lisbon Treaty entered into force creating the first EU president and a foreign policy supremo.

"Today EU citizens are heading into a new era. Today is the first day for a more efficient, more modern and more democratic EU, for all citizens," said Reinfeldt, whose country retains the old-style rotating European Union presidency until the end of the year.

Reinfeldt was later to attend a celebration of the Lisbon treaty's passage in the Portuguese capital where it was first signed, ending many years of institutional navel-gazing in the EU.

The new EU president, former Belgian PM Herman Van Rompuy will also be there along with Britain's Catherine Ashton who becomes the bloc's foreign policy chief.

Both were chosen by EU leaders at a summit earlier this month, though some observers have criticised the choice of two relatively-low profile candidates to lead Europe into its new era.

"We are now making the EU stronger by building better institutions for dealing with foreign policy, both locally in countries around the world and in Brussels. This also gives Europe increased weight," assured Swedish Foreign Minister Carl Bildt.