Tuesday, November 29, 2016

The 'barn find' Cars of Roger Baillon

A team from French auction house Artcurial Motorcars discovered a treasure trove of “barn find” condition cars, five dozen cars from the Roger Baillon collection in western France in late 2014. They wore badges from the likes of Ferrari and Maserati as well as prewar greats like Delahaye and Bugatti.

The whole collection was sold by Artcurial at their annual Paris sale.
The specialists at Artcurial regularly traverse France finding cars for sales. This was definitely the find of a lifetime. Sixty collector cars in one place is something special, but the quality of the machinery found was the stuff dreams are made of.

Included were cars from Bugatti, Hispano-Suiza, Talbot-Lago, Maserati, Ferrari, Porsche, Delahaye, Delage and Facel Vega as well as coachwork by famous names like Chapron and Saoutchik. Even grimy and neglected, any one of them would be an incredible find on its own.


One car that was the highlight at auction was the 1961 Ferrari 250 SWB California Spider. Found under a pile of papers, it is one of just 37 built, and was thought lost by marque car experts.

The last SWB California Spider to sell at auction went for $15 million. This example made $18,586,482.
The cars were amassed by shipping magnate Roger Baillon in hopes of one day opening a museum. Some of the cars were bought in the 1950s by Baillon who dreamt of restoring them to their former glory.
1936 Panhard et Levassor Dynamic X76.

Talbot-Lago T26

1949 Talbot-Lago T26 Grand Sport SWB
A Frua-bodied Maserati A6G 2000 brought $2,280,550. Two Saoutchik-bodied Talbo-Lago T26s from the collection also found spots in the top ten with a 1949 Grand Sport SWB bringing $1,938,467.

A 1948 Record Cabriolet sold for $849,504.

1956 Maserati A6G 2000 Gran Sport Berinetta


Monday, November 21, 2016

Royal Bank of Canada - RY.t

Royal Bank of Canada - RY.t is the largest financial institution in Canada. The bank serves 18 million clients and has 80,100 employees worldwide.

It was incorporated as a Canadian chartered bank in 1869, and has grown to become one of North America's leading diversified financial services companies providing banking, wealth management, insurance and capital markets services on a global basis.

On November 18, 2016 the media released News

The Financial Post reports in its Friday, Nov. 18, edition that the election of Donald Trump is being hailed as a "game changer" for the U.S. banking sector, as the Republican sweep of the White House and both houses of Congress appears to have shifted investors' expectations about interest rates, regulation and the broader business environment.










http://canadastockjournal.blogspot.com/2016/02/royal-bank-of-canada-ryt.html

Friday, November 18, 2016

World's Top Copper Mines

The Escondida copper-gold-silver mine is located in the northern Atacama Desert of Chile, 3,050m above sea level. The mine is a joint venture between BHP-Billiton (57.5%), Rio Tinto (30%), a Japanese consortium (10%) and the IFC (2.5%).

It came on-stream in late 1990 with a capacity of 230,000t/d.
Chuquicamata (Codelco Norte) is by excavated volume the biggest open pit copper mine in the world, located in the north of Chile, 215 km northeast of Antofagasta and 1,240 km north of Santiago. The mine is owned and operated by Codelco.

At 850 meters (2,790ft) its the second deepest open-pit mine in the world (after Bingham Canyon Mine in Utah, USA).
The Grasberg Mine is the largest gold mine and the third largest copper mine in the world. It is located in the province of Papua in Indonesia and has 19,500 employees.

It is majority owned through a subsidiary by Freeport-McMoRan.
The Collahuasi mine in Chile was commissioned in April 1999 at a cost of US$1.76bn. The mine is 44%-owned by Xstrata plc in joint venture with Anglo American (44%) and a Japanese consortium (12%). It has a long-term capacity of 500,000t/yr of copper.
The El Teniente mine in Chile is an underground copper mine located 2,300 m (7,500 ft) above sea level in the Andes.

Mining at El Teniente stared as early as 1819. It is "the world's biggest underground copper mine", and is the largest of Codelco's operations.


The Norilsk-Talnakh deposits in Russia are the largest nickel-copper-palladium deposits in the world.

The Norilsk deposits were discovered during the 1920s, with nickel production starting during the Second World War. Underground mining began in the 1950s.
Reserve estimates show proven and probable ore reserves totaling 478.7Mt, containing 6.27Mt of nickel, 9.37Mt of copper, 62.2Moz of palladium and 16Moz of platinum. Reserves are reportedly sufficient to support 50 years' output at current rates.

Copper is believed to have been used first by Neolithic man as a substitute for stone around 8000 B.C. The science of metallurgy emerged when copper was heated and mold-casted into shapes in Egypt around 4000 B.C. In 3500 B.C., fire and charcoal were used to smelt ores, and copper was alloyed with tin to create bronze, giving rise to the Bronze Age.

The Romans obtained their copper from Cyprus. It was called aes Cyprium, which means "metal of Cyprus." This was shortened to cyprium. Later, cyprium was changed to coprum, and eventually became known in English as copper.