Possible Sale of Alcoa + Brazil’s Turning Point?
Heard this report this morning:
Child’s Death Underlines Rio’s Crime Issues
Morning Edition, February 13, 2007 · The gruesome death of a young Brazilian boy emphasizes the daily reality of violent crime in Rio de Janeiro. Experts say the fact that police solve few murders gives criminals a sense of impunity.
—> Listen: http://www.npr.org/templates/story/story.php?storyId=7379476
And was reminded of Jamaica. The immediate comparisons – if only anecdotal – are startling. I wondered if we’d ever reach a turning point, or we’d already gotten there and let the opportunity pass us by. I hope and pray the citizens of Brazilians are able to retake hold of their country and future.
There was also this news item, about the possible sale of Alcoa. I wonder what impact, if any, this will have Alcoa’s operations in Jamaica AND on any lobbying to pursue more mining ‘adventures’ in Jamaica. Because these are, after all, mining firms doing the bidding, not say manufacturing firms which could have opened up a whole other dimension.
Mining firms ‘eye Alcoa
Mining giants BHP Billiton and Rio Tinto are preparing rival plans for a $40bn (£20.5bn) takeover of US aluminium firm Alcoa, a report claims.
Buoyed by record metal prices over the past year, both firms are still in the early stages and have yet to approach the Alcoa board, said the Times.
The speculation comes amid growing consolidation in the metals sector.
BHP Billiton and Rio Tinto, both Anglo-Australian groups, have declined to comment on the report, as has Alcoa.
The speculation comes amid growing consolidation in the metals sector. BHP Billiton and Rio Tinto, both Anglo-Australian groups, have declined to comment on the report, as has Alcoa.
On Monday, India’s largest aluminium producer, Hindalco Industries, agreed to buy its US-Canadian rival Novelis for $5.9bn (£3bn) in an all-cash deal.
An October merger between Russian firms Rusal and Sual and Swiss company Glencore left Alcoa as the world’s second largest aluminium producer.
mood: melancholy & lonely