GLG News by Mining Equipment Experts

George DorkhomExecutive ChairmanGREENKOTE PLC

China takes off, it is rapidly taking over as we squander our brand names for ?

September 11, 2009

Analysis of:China’s Geely, Beijing Automotive Target Volvo, Saab | www.bloomberg.com

It is a known fact that the Chinese government has put its weight and tremendous wealth behind targeted industries, Electronics , automotive and aerospace and it is well on its way to target the general industrial market. It is succeeding and have taken over Japan in Electronics manufacturing out put...why ? they have the people, the natural resources, the cash and the market..and we in the West are willing to surrender all ,including established brands as Volvo ,Saab and Hummer.

George DorkhomExecutive ChairmanGREENKOTE PLC

Temporary lay-offs in Italy maybe OK,but plant closure ..guess what

September 10, 2009

Analysis of:Italian Government Reaches Union Agreement on Fiat’s CNH Plant | www.bloomberg.com

Italian Labor law is so inflexible about layoffs and forget the future of the plant in Imola if it invovles permanent closure. Italy, behind Spain , is one of the most socialistic countries when it come to labor law giving no flexibility whatsoever to industry in manoeuvering during difficult times, that is while Fiat CEO is scanning the globe and is in bed with Chrysler , not only for high cost production , but also for labor inflexibility.

George DorkhomExecutive ChairmanGREENKOTE PLC

Outsourcing is the trend ..do not cry wolf

September 8, 2009

Analysis of:Defense industry pleads for investment | www.ft.com

To my best of my knowledge the UK defense spending in 2010 is projected to be up by a few percentage points and so as the EU and Nato..so what is the fuss all about..outsourcing? then they have to cry endlessly as this has been the trend for a long time in the world of the defense industry,but perhaps a novelty in Britain.

George DorkhomExecutive ChairmanGREENKOTE PLC

Konecranes actions are a must rather than a strategy

September 6, 2009

Analysis of:Konecranes Starts Statutory Negotiations in Headquarter Functions in Hyvinkää | www.konecranes.com

KoneCranes has experienced a 40-50% decline in orders year over year and a restructuring plans in not only warranted but a must. The demand for cranes both in the industrial as well as construction and on/off-shore has declined so rapidly that unless drastic actions are taken companies as Kone and others including Demag and Terex are at risk for survival.

George DorkhomExecutive ChairmanGREENKOTE PLC

No Moral Comparison / EU handouts to Airbus and Boeing business with Uncle Sam

August 31, 2009

Analysis of:WTO to rule next week on Airbus funding dispute | www.google.com

To state that a hand to Airbus from Germany , France and Britain is the moral equivalent to legitimate services rendered by Boeing to the US government is none sense . The Europeans must learn how to do business and compete in the real world and subsidies is immoral and anti-competitive. The European and EU Government complain about China and other Asian dumping laws yet they practice the same.

George DorkhomExecutive ChairmanGREENKOTE PLC

EADS is in turbulent times

August 26, 2009

Analysis of:EADS second-quarter profit up 76%; Airbus targets 300 gross orders | atwonline.com

EADS business which is almost 90% commercial aircraft dependant will experience hard times as it is currently in the eye of the Hurricane without visibility for future orders or cancellation of current orders .

George DorkhomExecutive ChairmanGREENKOTE PLC

Ingersoll Rand CEO Talks the company share prices up

August 4, 2009

Analysis of:Ingersoll-Rand sees signs recession is almost over | www.marketwatch.com

It is surprising for a leader of such a resprected company to talk the stock prices up based on insignificant statistis while the company sales and orders are down by some 20%

Thomas ShewskiOwnerHigh Energy Services

Key Points Contained in Climate and Energy Bill Passed by U.S. House of Representatives

June 29, 2009

Analysis of:House Narrowly OKs Sweeping Climate Change Bill | www.dallasnews.com

    The U.S. House of Representatives narrowly passed the American Clean Energy and Security Act of 2009 (“ACES”) on June 26, 2009.  The discussion below contains the key points in the Bill now headed to the Senate for debate and action.

Bradford MillsChief Executive OfficerMANDALAY RESOURCES CORPORATION

ETF demand for Pt and declining recycle rates rebalance the Pt markets in Q1 of 2009

May 19, 2009

Analysis of:Platinum auto demand drop signals global slowdown | money.cnn.com

ETF platinum demand has surged in the first quarter of 2009 as Pt prices reach temporary parity with gold. Platinum is attracting many financial buyers who see it as a far better store of value at the current Pt price than Au which is close to its all time high. Pt and Pd recycle rates have also dramatically declined in the post October 2008 world as margins of recyclers have collapse and reduced the incentive for scrap deals to process catalytic converters These two factors, plus shut-ins of primary production have largely offset demand destruction in the US and European auto industry. Currently supply/demand look balanced for both Pt and Pd. Any recovery in auto sales in the second half should be translated into higher prices.

Thomas ShewskiOwnerHigh Energy Services

Take-Or-Pay Coal Contracts

April 27, 2009

Analysis of:Coal Prices Crumble | www.forbes.com

    Both steam and metallurgical coal demand are down.  United States steam coal (for electricity generation) is down due to the economic slump affecting industrial demand and switching to cheaper natural gas-fired electricity generation in some areas of the nation.  Metallurgical coal demand is down due to the crushing drop in steel production domestically and globally.                    Although coal demand is down significantly, it does not necessarily allow coal under contract to be excused for purchase.

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