Esq Posted February 10, 2011 Report Share Posted February 10, 2011 (edited) http://www.cbc.ca/canada/north/story/2011/02/09/baffinland-nunavut-inuit-pond-inlet.html We see the same with cliffs with the chromite mines of northern ontario. Is it in Canada's interests to have all their metal resources owned by US companies? I find it concerning. When we have instances like US steel with renigging on contracts and barely if ever getting penalized for economic damages to Canada. we have another article with this title ArcelorMittal, partner nearing absolute control of Baffinland http://www.google.ca/url?sa=t&source=web&cd=5&ved=0CE4QqQIwBA&url=http%3A%2F%2Feconomictimes.indiatimes.com%2Fnews%2Finternational-business%2Farcelormittal-partner-nearing-absolute-control-of-baffinland%2Farticleshow%2F7450900.cms&ei=E_VTTd66Es6jtgei6PHBCQ&usg=AFQjCNHcPWnUQpn4sqffXH5oselxRZBpow&sig2=O2FLZ7BesJsJd-LNL0RvlQ Over half a billion tons of iron is a lot of iron. I don't know much about the company nor what to make of this http://www.arcelormittal.com/index.php?lang=en&page=241 * Lakshmi N. Mittal Chairman of the Board of Directors and CEO Non independent (Goldman Sachs and EADS. ) * Vanisha Mittal Bhatia (his daughter) Member of the Board of Directors Non independent * Narayanan Vaghul (Chairman of ICICI Bank Limited) Member of the Board of Directors Independent * Wilbur L. Ross, Jr. (WL Ross & Co. LLC, a merchant banking firm, a position that he has held since April 2000. Mr Ross is also the Chairman and Chief Executive Officer of WLR Recovery Fund L.P., WLR Recovery Fund II L.P., Asia Recovery Fund, Asia Recovery Fund Co-Investment, Nippon Investment Partners and Absolute Recovery Hedge Fund. ) Member of the Board of Directors Independent * Lewis B. Kaden (Vice Chairman of Citigroup.) Member of the Board of Directors Lead Independent Director Independent * Suzanne Nimocks (McKinsey & Company, a global management consulting firm,) Member of the Board of Directors Independent * Jeannot Krecké (Luxemburg 2004 Minister of the Economy and Foreign Trade as well as Minister of Sport) Member of the Board of Directors Non independent * Antoine Spillmann (worked for leading investment banks in London from 1986 to 2000) Member of the Board of Directors Independent * H.R.H. Prince Guillaume de Luxembourg (duh) Member of the Board of Directors Independent Seem ameroeuro anyone know anything about the company? It is selling a lot higher in new york Shareprice Time Price D/D-1 Amsterdam 15:04 € 27.61 0.40% Brussels 15:04 € 27.61 0.40% Luxembourg 02/08 € 27.60 -1.80% Madrid 15:07 € 27.63 0.51% New York 9:09 $ 37.58 0.00% Paris 15:04 € 27.61 0.40% 2009, ArcelorMittal had sales of approximately $65.1 billion1, steel shipments of approximately 71 million tonnes and crude steel production of approximately 73 million tonnes. Edited February 10, 2011 by Esq Quote Link to comment Share on other sites More sharing options...
Topaz Posted February 10, 2011 Report Share Posted February 10, 2011 As I said before under Mulroney we had the Free Trade and under Harper we have the selling of Canada. Canada is rich with natural resources and every country is out there wanting a piece of it and when they are done, nothing will be left and Ottawa is to blame. Canadians haven't seen nothing yet, just wait and see what happens in the future. Quote Link to comment Share on other sites More sharing options...
Smallc Posted February 10, 2011 Report Share Posted February 10, 2011 Quote Link to comment Share on other sites More sharing options...
GostHacked Posted February 10, 2011 Report Share Posted February 10, 2011 Trouble follows where ever there are people associated with Goldman Sachs. Quote Link to comment Share on other sites More sharing options...
PIK Posted February 10, 2011 Report Share Posted February 10, 2011 ArcelorMittal 70% and Nunavut Iron Ore 30% I made good money off this stock and going to make more. But the other way that I understand was a ex -head of it was trying to get the chinese to get into it. Quote Link to comment Share on other sites More sharing options...
charter.rights Posted February 10, 2011 Report Share Posted February 10, 2011 (edited) The British North America Act that created a sovereign Canada was created in order to protect Canada's financial interests from an increasing attempts by the US to take over Canadian resources and take control of the economy, and as a measure to defend against a potential military invasion by the United States. Looks like after 145 years the US finally found a way around it and the people that would help them take over Canada. We are doomed to become US citizens if we let Harper stay as Prime Minister any longer! Edited February 10, 2011 by charter.rights Quote Link to comment Share on other sites More sharing options...
Moonbox Posted February 10, 2011 Report Share Posted February 10, 2011 As I said before under Mulroney we had the Free Trade and under Harper we have the selling of Canada. Canada is rich with natural resources and every country is out there wanting a piece of it and when they are done, nothing will be left and Ottawa is to blame. Canadians haven't seen nothing yet, just wait and see what happens in the future. You could always purchase stock yourself and FIGHT BACK! Quote Link to comment Share on other sites More sharing options...
GWiz Posted February 10, 2011 Report Share Posted February 10, 2011 As I said before under Mulroney we had the Free Trade and under Harper we have the selling of Canada. Canada is rich with natural resources and every country is out there wanting a piece of it and when they are done, nothing will be left and Ottawa is to blame. Canadians haven't seen nothing yet, just wait and see what happens in the future. There's a big fog moving in from the east... London Stock market to take over the TSX and Montreal Stock Markets... We may never know what's happening in our own resources sectors... Quote Link to comment Share on other sites More sharing options...
guyser Posted February 10, 2011 Report Share Posted February 10, 2011 London Stock market to take over the TSX and Montreal Stock Markets... Apparently not. Merger yes, jointly headquartered in London and Toronto. Now in the future...... Quote Link to comment Share on other sites More sharing options...
Saipan Posted February 10, 2011 Report Share Posted February 10, 2011 Is it in Canada's interests to have all their metal resources owned by US companies? What's Liberal and NDP opinion? Maybe they should get elected and run the show. What were the rules under Liberals? Should we adapt same rules as Thailand? I find it concerning. When we have instances like US steel with renigging on contracts Concerning or disconcerting? Is "renigging" the same thing they call in Ohio and Indiana "nigger rigging"? Quote Link to comment Share on other sites More sharing options...
bush_cheney2004 Posted February 10, 2011 Report Share Posted February 10, 2011 ...Looks like after 145 years the US finally found a way around it and the people that would help them take over Canada. We are doomed to become US citizens if we let Harper stay as Prime Minister any longer! Nope...no reason to buy the cow if we can get the milk so cheap! Quote Link to comment Share on other sites More sharing options...
Esq Posted February 10, 2011 Author Report Share Posted February 10, 2011 (edited) ArcelorMittal 70% and Nunavut Iron Ore 30% I made good money off this stock and going to make more. But the other way that I understand was a ex -head of it was trying to get the chinese to get into it. The chinese just bought into BC encana. gas/ Edited February 10, 2011 by Esq Quote Link to comment Share on other sites More sharing options...
GWiz Posted February 10, 2011 Report Share Posted February 10, 2011 Apparently not. Merger yes, jointly headquartered in London and Toronto. Now in the future...... EXACTLY! Quote Link to comment Share on other sites More sharing options...
charter.rights Posted February 11, 2011 Report Share Posted February 11, 2011 Apparently not. Merger yes, jointly headquartered in London and Toronto. Now in the future...... The "merger" will have a 60 / 40 split with Brits holing 60% of the directors and Canada only holding 40% on the Board. That is simply a take-over...not a real merger... Quote Link to comment Share on other sites More sharing options...
Moonbox Posted February 11, 2011 Report Share Posted February 11, 2011 The "merger" will have a 60 / 40 split with Brits holing 60% of the directors and Canada only holding 40% on the Board. That is simply a take-over...not a real merger... It's 55/45. It's as close as you can get to a merger. Quote Link to comment Share on other sites More sharing options...
Saipan Posted February 11, 2011 Report Share Posted February 11, 2011 We are doomed to become US citizens if we let Harper stay as Prime Minister any longer! We could of course elect American like Iggy for PM Quote Link to comment Share on other sites More sharing options...
charter.rights Posted February 11, 2011 Report Share Posted February 11, 2011 We could of course elect American like Iggy for PM Sure we could. He hasn't promised to gove us away to the US. His presence at Harvard was to teach Americans a little civility in politics and culture in a Canadian way. That is better than having a new Vive President Harper towing the line to the whims of the CIA. Quote Link to comment Share on other sites More sharing options...
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