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Latest Essar Group Stories

2014-06-16 20:20:39

SAULT STE. MARIE, ON, June 16, 2014 /PRNewswire/ - As part of Essar Steel Algoma Inc.'s ("Algoma") refinancing and recapitalization efforts, Algoma has entered into confidential discussions with investors representing approximately seventy per cent of the 9.875% US$385mn senior unsecured notes. Algoma also has executed non-disclosure agreements and is engaged in discussions with advisors representing an ad hoc group of holders of 9.375% US$400mn senior secured notes. The purpose of...

2014-06-02 12:24:15

HIBBING, MN, June 2, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") categorically denies that Essar Global Fund Limited ("EGFL"), ESML's ultimate shareholder, is considering selling the business, contrary to recent media reports. ESML's President and CEO, Madhu Vuppuluri, commented: "We are very pleased to have closed $450 million of bond financing for ESML in the last few weeks. At this significant milestone we look forward to completing ESML's world class 7 million tonnes...

2014-05-30 08:21:55

-- Cheniere and Iberdrola sign SPA for LNG sales from Corpus Christi HOUSTON, May 30, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC ("Corpus Christi Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with Iberdrola, S.A. ("Iberdrola") under which Iberdrola has agreed to purchase approximately 0.4 million tonnes per annum ("mtpa") of LNG...

2014-05-14 20:21:47

HIBBING, MN, May 14, 2014 /PRNewswire/ - Essar Steel Minnesota LLC ("ESML") today announced that it has successfully closed a $450 million 6 year senior secured notes offering. The proceeds of the notes will be deposited into an escrow account, and upon the completion of certain conditions and documentation the proceeds of the notes will be released to ESML. ESML is engaged in the development of a 7 million tonnes per annum ("mtpa") fully-integrated iron ore pellet production...

2014-05-01 16:35:23

HOUSTON, May 1, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) reported a net loss attributable to common stockholders of $97.8 million, or $0.44 per share (basic and diluted), for the three months ended March 31, 2014, compared to a net loss attributable to common stockholders of $117.1 million, or $0.54 per share (basic and diluted), for the comparable 2013 period. Results include significant items for the three months ended March 31, 2014 of $46.8 million, or...

2014-04-02 08:23:14

- Cheniere signs next customer for LNG sales from Corpus Christi HOUSTON, April 2, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC ("Corpus Christi Liquefaction"), has entered into a liquefied natural gas ("LNG") sale and purchase agreement ("SPA") with Endesa Generacion, S.A. ("Endesa") under which Endesa has agreed to purchase approximately 1.5 million tonnes per annum ("mtpa") of LNG...

2014-03-24 12:23:37

LONDON, March 24, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: Global Coal Bed Methane (CBM) Market 2014-2018 TechNavio's analysts forecast the Global Coal Bed Methane market to grow at a CAGR of 3.5 percent over the period 2013-2018. One of the key factors contributing to this market growth is the shifting focus from conventional gas sources. The Global Coal Bed Methane market has also been witnessing rapid technological advancements. However,...

2014-02-21 08:22:49

HOUSTON, Feb. 21, 2014 /PRNewswire/ -- Cheniere Energy, Inc. ("Cheniere") (NYSE MKT: LNG) reported a net loss attributable to common stockholders of $135.2 million, or $0.61 per share (basic and diluted), for the three months ended December 31, 2013, compared to a net loss attributable to common stockholders of $94.3 million, or $0.44 per share (basic and diluted), for the comparable 2012 period. For the year ended December 31, 2013, Cheniere reported a net loss attributable to common...

2014-02-13 16:23:30

SAULT STE. MARIE, ON, Feb. 13, 2014 /PRNewswire/ - Essar Steel Algoma Inc. reported today an EBITDA loss of $8.0 million for the three month period ended December 31, 2013, compared to positive EBITDA of $19.3 million for the same period a year ago. The loss this quarter reflects a 9.9% decline in shipment volume compared to the same period last year, coupled with increased fuel and utilities costs. EBITDA is a non-GAAP measure of profitability, used by management as an...


Word of the Day
conjunto
  • A style of popular dance music originating along the border between Texas and Mexico, characterized by the use of accordion, drums, and 12-string bass guitar and traditionally based on polka, waltz, and bolero rhythms.
The word 'conjunto' comes through Spanish, from Latin coniūnctus, past participle of coniungere, to join together; see conjoin