If the LSA terminates prior to the expiration of its term or the production period terminates prior to December 31, 2040 and the Coyote Station owners purchase all of the outstanding membership interests of CCMC as required by the LSA, the owners will satisfy, or (if permitted by CCMC’s applicable lender) assume, all of CCMC’s obligations owed to CCMC’s lenders under its loans and leases. The Coyote Station owners have limited rights to assign their rights and obligations under the LSA without the consent of CCMC’s lenders during any period in which CCMC’s obligations to its lenders remain outstanding. In the event the contract is terminated because regulations or legislation render the burning of coal cost prohibitive and the assets worthless, OTP’s maximum exposure to loss as a result of its involvement with CCMC as of December 31, 2018 could be as high as $53.9 million, OTP’s 35% share of unrecovered costs.
Free cash flow: Free cash-flow (FCF) is defined as cash flow from operating activities minus gross capital expenditure and plus/minus change in operating working capital requirement.
The United Steelworkers union (USW) welcomes a Canadian International Trade Tribunal (CITT) ruling that Canada’s steel industry has been harmed by illegal dumping of steel pipe by Vietnam, Pakistan, Turkey and the Philippines.
If there is a category of people hopelessly overworked and on the brink of depression, then they are entrepreneurs. Notably, these are the same people that determine the direction of the company in all aspects. Interestingly, it gets worse when the entrepreneur is alone, and he/she has to do everything […]
Under the 2013 Note Purchase Agreement and the 2018 Note Purchase Agreement, OTP may not permit its Interest-bearing Debt to exceed 60% of Total Capitalization and may not permit its Priority Indebtedness to exceed 20% of its Total Capitalization, in each case as provided in the related agreement.
[4] This indebtedness ratio is defined in the banking agreements as the ratio of the Group’s consolidated net debt (including the shareholder loan in Brazil) to the Group’s equity, restated for reserves of changes in fair value of financial instruments and foreign currency translation reserve. This indebtedness ratio is tested once a year on the 31st December, and must be below a limit of 100% on this date.
Hunt started out by exploring the city’s sewers and subway tunnels, where he dodged trains and met a community of people who knew a version of the New York that was invisible to everyone else.
The final deliverables from PLC was a comprehensive package of isometrics, plan and elevation, pipe support details drawings, construction support as well as 100 percent fit-up with time saved estimated at between four to six weeks earlier than if a traditional method had been used. In fact, the client was able to take a 3-day shutdown to make all piping tie-ins compared to the planned 2-week outage planned. Additionally, engineering and design cost savings were significant.
On February 5, 2018 performance share awards were granted to the Company’s executive officers under the 2014 Incentive Plan for the 2018-2020 performance measurement period. Under the 2018 performance share awards the aggregate award for performance at target is 54,000 shares. For target performance the participants would earn an aggregate of 27,000 common shares for achieving the target set for the Company’s 3-year average adjusted ROE. The participants would also earn an aggregate of 27,000 common shares based on the Company’s total shareholder return relative to the total shareholder return of the companies that comprise the Edison Electric Institute Index over the performance measurement period of January 1, 2018 through December 31, 2020, with the beginning and ending share values based on the average closing price of a share of the Company’s common stock for the 20 trading days immediately following January 1, 2018 and the average closing price for the 20 trading days immediately preceding January 1, 2021. Actual payment may range from zero to 150% of the target amount, or up to 81,000 common shares. There are no voting or dividend rights related to these awards until the shares, if any, are issued at the end of the performance measurement period. The amount of payment in the event of retirement, resignation for good reason or involuntary termination without cause is to be made at the end of the performance period based on actual performance, subject to proration in certain cases, except that the payment of performance awards granted to an officer who is party to an Executive Employment Agreement with the Company is to be made at target at the date of any such event. The vesting of these awards is accelerated and paid at target on the event of a change in control. The terms of these awards are such that the entire award will be classified and accounted for as equity, as required under ASC Topic 718, Compensation—Stock Compensation, and will be measured over the performance period based on the grant-date fair value of the award. The grant-date fair value of each performance share award was determined using a Monte Carlo fair valuation simulation model.
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$1.1 per share with a dividend yield of 3.48% is the annual dividend that Ternium S.A. pay. No dividend is paid out by Mechel PAO
Management has completed a thorough review of the project’s remaining construction schedule. Based on the progress of construction to date and the impact that abnormal rainfall has had on construction activities since late December 2018, the start of the summer season, the Company now plans to initiate ore stacking early in the fourth quarter of 2019 and is extending its guidance for achieving commercial production to the first quarter of 2020. The project team has had to overcome a slow start and ramp-up of activities from two key contractors involved in the massive earth excavations for the leach pad and foundation excavations for the crushing site; two activities that affect the critical path of the project. As of early February 2019, excavations for the leach pad and foundation excavations at the crushing site are 90 percent concluded and the activity has been de-risked. A slow build-up of camp availability has been another challenge for the project. Current on-site head count stands at 900 workers with a peak projection of 1,100 workers expected in April 2019. The construction camp has the capacity to host a population of 1,200 workers, de-risking contractor mobilization.
Ternium (TX) versus Ossen Innovation (OSN) Head to Head Review | Sch 40 Steel Pipe Related Video:
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