Business and Financial News

Humanity has much in common and a fact that many have in common is the fact that they spend too much money that they do not actually. There are all different income earned, and most people would think that the person would have earned more a healthier bank account as the person Wilthen a smaller salary. This is often not the case, how the person with the high content sometimes even lower balance than his friend with the lower income levels. to earn the man or the woman about 20,000 to 30.0000 will not be able to afford a house, but rather a small apartment in the suburb of their own. He will not own a fancy car or eat at the finest restaurants.

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Atlantic has announced a complex series of deals worth more than $76 million to buy Mineral Resources out of the Windimurra Vanadium project and acquire the mothballed project’s beneficiation plant.

The proposed deals include Atlantic paying $16 million to acquire MRL’s proposed 27.5 per cent interest in Midwest Vanadium Pty Ltd, lifting its stake in the project company to 90 per cent.

MVPL, which owns 100 per cent of the project, will also pay $60 million to MRL to acquire the project’s beneficiation plant.

MRL has announced that it will be repaid all outstanding debts totalling approximately $20 million upon financial close, expected in mid to late August 2010.

Atlantic, headed by Michael Minosora, said it would proceed with a previously announced $55 million capital raising, pitched at 4.4 cents per share.

It said the deal would simplify the management of MVPL under one group, simplify the shareholding structure of MVPL, enhance the attractiveness of the project to financiers, and improve the operation of the project.

An MRL statement is pasted below:

MINERAL RESOURCES AND ATLANTIC RESTRUCTURE WINDIMURRA VANADIUM PROJECT

Mineral Resources Limited is pleased to announce it has agreed to vary the original agreement between Atlantic Ltd (ASX:ATI; Atlantic) and the Receivers of MVPL in respect of the acquisition of the Windimurra vanadium project (Project). Full Article…

Do you own a travel-related business or a company that could benefit from summer vacationers? It’s still not too late to encourage customers to plan trips. Some interesting statistics reported by MediaPost show who’s planning the family vacations—Mom—and how to win her business.

Most (43 percent) of Moms plan a vacation one to three months in advance, but 20 percent wait until three weeks or less to book a vacation.

In terms of spending, most Moms will spend less than (37 percent) or the same amount (44 percent) as last year. Typical

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The digital TV provider is preparing for the launch with a line-up of movies and sport in 3D, including three days’ coverage of the Ryder Cup and the films Bolt and Monsters vs Aliens.

A three-dimensional dance routine has also been filmed as part of a new SkyArts 3D production.

Jeremy Darroch, Chief Executive of Sky, said 3D is set to follow HDTV by transforming the way viewers watch television.

“Following hot on the heels of the success of 3D cinema, Sky customers will now be the first anywhere in Europe to experience 3D TV from the comfort of their living rooms,” he added.

Sky’s subsidiary BSkyB recently entered into an output deal with Home Box Office (HBO), which will see Sky become the broadcaster for HBO shows in the UK and Ireland. Full Article…

Fortescue Metals Group says it expects to achieve an iron ore price of more than $US100 per dry tonne during the September quarter, down from an average price of $US130 in the June quarter.

The company says it also expects to ramp up iron ore production to a 55 million tonne per annum (Mtpa) run rate by the June quarter of 2011.

Production and shipments would in the meantime be maintained at about 40Mtpa until a new ore production facility is commissioned at the company’s second mine, Christmas Creek in the Pilbara.

Wet commissioning of this facility is slated for February.

Fortescue’s costs of production were higher during the June quarter at $US32.25 per tonne, up from $US29.43 per tonne in the previous quarter.

The miner currently has $US1.25 billion cash on hand.

Fortescue chief executive Andrew Forrest will present at the Diggers and Dealers mining conference in Kalgoorlie today.