London Mining – Benefiting From The Current Iron Ore Price Strength
“Camden meant everything to Amy, and Camden recognizes that,” the singer’s father, Mitch Winehouse, said Wednesday at a preview of the show. Other events for the charity, which helps young people nurture their love of music and steer clear of drugs, are a pop-up shop selling Winehouse-themed merchandise, an Amy Winehouse walking tour, benefit gigs and a charity skydive by the singer’s mother, Janis. A bronze statue of the singer is soon to be erected at the Roundhouse concert hall, where she gave her final public performance. Camden has been home to bands from Madness to Blur, and to rock stars including Coldplay’s Chris Martin and Noel Gallagher of Oasis. Camden Mayor Jonathan Simpson said the area, which has dozens of music venues, is “the rock ‘n’ roll capital of the U.K., if not the world.” “Amy is so synonymous with Camden,” he said. “There’s a real sense of pride in her legacy locally. ” Yet if Camden was the making of Winehouse, it also was the scene of her undoing. Alongside a lively nightlife, the area has a reputation as a place to buy and consume drugs. Winehouse, who overcame a drug problem before she died but failed to conquer alcohol, was a well-known customer of several local bars. Many of the photos in the exhibition appear poignant now — particularly a series from 2004 showing a healthy-looking Winehouse far removed from the gaunt, heavily tattooed figure of later years. “People say, well, Camden is a troubled place, it was trouble for Amy,” said Mitch Winehouse. “It wasn’t Camden. It was circumstances that surrounded Amy.
London neighborhood celebrates favorite daughter Amy Winehouse
“British luxury brands remain optimistic … with 83 percent of luxury brands expecting to see a rise in sales in 2013.” NEW NAMES This week Finance Minister George Osborne said the British economy had turned a corner. Fashion contributes 21 billion pounds to Britain’s $2.5 trillion economy, BFC figures show and, as the largest employer of all the creative industries, it also is estimated to support 816,000 jobs. In a bid to boost its value, BFC chairman Natalie Massenet has called on Londoners be at their “most stylish” and give the city its “boldest and brightest fashion face” for fashion week. Writing in the Evening Standard newspaper, she said: “All eyes will be on you as our international guests will be tweeting, instagramming and reporting … across the world, all of which will help grow our brands, stimulate exports, create new jobs and generally make us a must-visit city.” Known for its verve and creativity, London continues to attract foreign names. Last season, U.S. designer Tom Ford made his catwalk debut here and this week celebrity-favorite shoe designer Manolo Blahnik will host a presentation. Some 58 catwalk shows for spring/summer 2014 will be held from September 13-17, including other known brands such as Mulberry, Julien Macdonald, Temperley London and Matthew Williamson. Fashionistas, also keeping an eye out for newer names such as Thomas Tait and Christopher Kane, say they expect last season’s androgyny to continue to make its mark. “I think this feminine/masculine unisex duality …
London Mayor Boris Johnson vows to save WTC tribute from trash heap and put it in Olympic Park
The cash cost of $46/t is a bit higher than expected and is mainly due to the ‘hard’ ore. If one would include the inferred resource into the mine plan, the Isua project has a NPV8% of $2.35B, or approximately $17 (!)/share. Isua looks nice, but the capex is quite high. How will it be financed? It won’t be an easy task to find financing for the Isua project further down the road. If we assume a 60/40 debt/equity ratio, London Mining would have to find approximately $1B in equity. I think London Mining could be able to pay a big chunk of its required $1B through the cash flow generated at its Marampa project. If the long-term iron ore price stays over $125/t, London Mining should make approximately $350M per annum using a 9Mta scenario from 2018 on. So it’s likely a large part of the equity funding will come from the Marampa cash flow. A second possibility to raise additional cash is to sell another royalty on the Isua (or Marampa) project. London Mining already sold a 1% Gross production royalty on the Isua project for $30M , and a 2% gross production royalty on Marampa for $110M .
High hopes for British luxury ahead of London Fashion Week
Calling the flub and the snub to New Yorkers ridiculous, Boris Johnson said its his mission to move the 28-foot-tall steel structure, After 9/11, to Olympic Park in East London. Clearly this cant continue, he said Monday, according to the Telegraph newspaper. As a result, Ive asked my team to find a permanent home for the sculpture on the Olympic Park. The park was home to (Olympic Games) based on tolerance, harmony and respect, and will soon be home to a massive multi-dimensional and vibrant community the perfect riposte to those who sought to divide the world on 9/11, he continued. Johnson unveiled the sculpture, fashioned from twin towers wreckage by New York-based artist Miya Ando, when it was given to the city for permanent display in 2011. Akira Suemori/AP London Mayor Boris Johnson unveils the sculpture in London’s Battersea Park on Sept. 5, 2011. The piece, honoring the nearly 3,000 people including 67 British citizens who died in the attacks, was displayed in Battersea Park for just 28 days before it became a political football. It was supposed to be installed next to Londons City Hall, but local officials voted against the permanent exhibit and every government entity in London has ignored it since. Finding a permanent home for it has proved incredibly difficult, whether it be opposition from boroughs or bureaucrats, Johnson said. Ando said she was deeply, deeply saddened by the image of her artwork languishing in a Cambridgeshire, England, farmyard, which was first published in The Sun newspaper. She told the Daily News on Monday that shes hopeful the mayor will stick to his word just a day before the 12th anniversary of 9/11.
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