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Serbia Zijin Bor Copper
Serbia Zijin Bor Copper, formerly known as RTB Bor, is a copper mining and smelting complex located in Bor, Serbia. History Formation and expansion The first geological explorations of copper ore in Bor area were conducted in 1897 and covered the area at the time called "Tilva Roš". The explorations were performed by the Serbian industrialist Đorđe Vajfert, who later provided investments of capital from France and set up a company called the "French Society of the Bor Mines, the Concession St. George". The company, with its headquarters in Paris, started operations on 1 June 1904. The French capital remained in Bor until the end of the World War II. 1951–1988: SFR Yugoslavia In 1951, the company's assets were nationalized by the Government of SFR Yugoslavia. Since then, the company Bor was in the state ownership. From 1951 until 1988, the company has changed its organizational structure, from the "organization of associated labor" to state-owned enterprise "RTB Bor". ...
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Copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create ...
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Federal Republic Of Yugoslavia
Serbia and Montenegro ( sr, Cрбија и Црна Гора, translit=Srbija i Crna Gora) was a country in Southeast Europe located in the Balkans that existed from 1992 to 2006, following the breakup of the Socialist Federal Republic of Yugoslavia (SFR Yugoslavia) which bordered Hungary to the north, Romania to the northeast, Bulgaria to the southeast, Macedonia to the south, Croatia and Bosnia and Herzegovina to the west, and Albania to the southwest. The state was founded on 27 April 1992 as the Federal Republic of Yugoslavia, known as FR Yugoslavia or simply Yugoslavia which comprised the Republic of Serbia and the Republic of Montenegro. In February 2003, FR Yugoslavia was transformed from a federal republic to a political union until Montenegro seceded from the union in June 2006, leading to the full independence of both Serbia and Montenegro. Its aspirations to be the sole legal successor state to SFR Yugoslavia were not recognized by the United Nations, following t ...
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Valjaonica Bakra Sevojno
Valjaonica bakra Sevojno ( sr, Ваљаоница бакра Севојно) or Copper Mill Sevojno, is a Serbian copper manufacturing company headquartered in Sevojno, Užice, Serbia. History From 1950 to 1989, the company operated as part of "SOUR Valjaonica Sevojno". The production started in 1952. "SOUR Valjaonica Sevojno" was the largest copper manufacturer in the former Yugoslavia, while the aluminum production was secondary activity of the company. In 1990, it was reorganized and operated as "Valjaonica bakra i aluminijuma" Sevojno. In 1991, the aluminum mill Valjaonica Aluminijuma Sevojno was split from the company and operated since 17 January 1991 as an independent business enterprise. As of 2003, the company had around 2,000 employees. In November 2003, the Government of Serbia sold 70% of shares of the company to East Point Metals Ltd. company (Cyprus), owned by Serbian businessman Zoran Drakulić. The total sum of transaction was 27 million euros, of which 17 milli ...
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Earnings Before Interest, Taxes, Depreciation, And Amortization
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating businesses ...
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Geneva Arbitration Tribunal
, neighboring_municipalities= Carouge, Chêne-Bougeries, Cologny, Lancy, Grand-Saconnex, Pregny-Chambésy, Vernier, Veyrier , website = https://www.geneve.ch/ Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which ...
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Mytilineos Holdings
MYTILINEOS S.A. ( el, Μυτιληναίος Α.Ε.) is a Greece-based industrial conglomerate whose business units are active in the sectors of metallurgy, energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ... and EPC. The company, which was founded in 1990 as a metallurgical company of international trade and participations, is an evolution of an old metallurgical family business which began its activity in 1908. References {{Athex 20 companies Holding companies of Greece Engineering companies of Greece Mining companies of Greece Conglomerate companies established in 1990 Holding companies established in 1990 Mytilineos SA Non-renewable resource companies established in 1990 Companies listed on the Athens Exchange Greek companies established in 1990 ...
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Elektroprivreda Srbije
Elektroprivreda Srbije (abbr. EPS; full legal name: Javno preduzeće ''Elektroprivreda Srbije'' Beograd) is a state-owned electric utility power company with headquarters in Belgrade, Serbia. It was founded in 1991 and it has 28,083 employees (as of 2019), making it the largest enterprise in the country. The company has an installed capacity of 7,326 Watt#Megawatt, MW and generates 36.461 Watt#Terawatt, TWh of electricity per year. Its installed capacity in Fossil fuel power station, lignite-fired thermal power plant is 4,390 MW, Fossil fuel power station, gas-fired and liquid fuel-fired combined heat and power plants is 336 MW, and Hydroelectricity, hydro power plants is 2,936 MW. EPS also operates three power plants of total capacity 461 MW which are not in the ownership of the company. EPS is also the largest producer of lignite in Serbia operating in the RB Kolubara, Kolubara and Kostolac basins, producing around 37 million tonnes per year. History Since 1870, the coal prod ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ...
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Strikeforce Mining And Resources
Oleg Vladimirovich Deripaska (russian: Олег Владимирович Дерипаска; born 2 January 1968) is a Russian billionaire and an industrialist. Deripaska enriched himself on previously state-owned assets that were privatized in the aftermath of the collapse of the Soviet Union. He is the founder of Basic Element, one of Russia's largest industrial groups, and Volnoe Delo, Russia's largest charitable foundation. He was the president of En+ Group, a Russian energy company, and headed United Company Rusal, the second-largest aluminium company in the world, until he quit both roles in 2018. He has been characterized as a victor in the "aluminium wars" in Russia during the 1990s, which were frequently violent conflicts between businesspeople to obtain state-owned assets. In 2000, Deripaska founded Rusal, the result of a partnership between Sibirsky Aluminium and Roman Abramovich's Millhouse Capital. In 2007, Rusal merged with SUAL Group and Glencore International AG ...
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Oleg Deripaska
Oleg Vladimirovich Deripaska (russian: Олег Владимирович Дерипаска; born 2 January 1968) is a Russian billionaire and an industrialist. Deripaska enriched himself on previously state-owned assets that were privatized in the aftermath of the collapse of the Soviet Union. He is the founder of Basic Element, one of Russia's largest industrial groups, and Volnoe Delo, Russia's largest charitable foundation. He was the president of En+ Group, a Russian energy company, and headed United Company Rusal, the second-largest aluminium company in the world, until he quit both roles in 2018. He has been characterized as a victor in the "aluminium wars" in Russia during the 1990s, which were frequently violent conflicts between businesspeople to obtain state-owned assets. In 2000, Deripaska founded Rusal, the result of a partnership between Sibirsky Aluminium and Roman Abramovich's Millhouse Capital. In 2007, Rusal merged with SUAL Group and Glencore International AG ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ...
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