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FairPoint Communications FRP

"FairPoint is the seventh- largest local telephone firm in the United States, following its acquisition of Verizon's northern New England assets. It operates in 18 states serving 1.4 million access lines, though nearly 90% of these are in Maine, New Hampshire, and Vermont. The firm was founded in 1991 and has its headquarters in Charlotte, N.C."


NDAQ:FRP - Post by User

Comment by ragloon Jun 13, 2008 5:38pm
536 Views
Post# 15184442

Reason ELD's bid is too low

Reason ELD's bid is too low

“Environment and Public Works Minister Mr. Giorgos Souflias yesterday

submitted to Parliament the final and revised version of the national land zoning

plan, which purportedly contains more environmentally friendly provisions. The

revised plan, enriched with the proposals of deputies from all parties, is due for

parliamentary approval in mid-June”.

The Zoning Plan was originally submitted to Parliament on April 16, 2008 and, after debate in

Parliament, was submitted for committee review. The version of the Zoning Plan submitted to

Parliament on June 12, 2008 reflects the comments from all political parties and will now be

submitted for a vote in Parliament. The majority party in Parliament, which has proposed the

Zoning Plan, has sufficient votes to assure its passage

The National Land Zoning Plan will legislate the development and exploitation of natural

resources, particularly mineral resources for the benefit of underdeveloped areas such as

Northern Greece where the Perama Hill Gold Project is located. Below is a segment taken

directly from the text of the National Land Zoning Plan:-

“The country is rich in minerals and ores. Related activities are met in almost all

of the country’s districts, as well as on the islands, where various deposits of

major productive importance are found. The territorial extent of mining and

metallurgical activity is linked to the need in recognising the parity between

mineral and natural resources as well as to ensure their exploitation will be

compatible to the protection of the environment and with other activities such as

tourism.

In the condition that all requested environmental terms and measures are

maintained, mining activity is estimated to contribute to the development of

economically disadvantaged local areas and to help keep population in the

countryside.

Following directives are given in the Industrial Zone Planning:

-maintenance of mining activities in subordinate areas of exploitation and

safeguard of further exploitation potential where new deposits are detected with

respect to environment’s protection clauses and neighbour activities’ conditions

of operation”. from latest news release https://frontierpacific.com/media/nr_1213385081.pdf

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