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Pilbara Minerals Ord Shs T.PLS


Primary Symbol: PILBF

Pilbara Minerals Limited is an Australia-based lithium company. The Company is primarily engaged in the exploration, development, and mining of minerals in Australia. Its 100% owned Pilgangoora hard-rock lithium operation is located approximately 120 kilometers (kms) from Port Hedland in Western Australia’s resource-rich Pilbara region. The operation consists of two processing plants: the Pilgan Plant, located on the northern side of the Pilgangoora area and produces spodumene and tantalite concentrates, and the Ngungaju Plant is located to the south produces spodumene concentrate. It owns 70% of the Mt Francisco project, which is located 50 km south-west of the Pilgangoora Project and hosts the large occurrence of outcropping pegmatites located nearby to Port Hedland. It is also pursuing a proposed downstream joint venture (JV) for the development of an approximately 43,000 tons per annum (tpa) lithium carbonate equivalent (LCE) lithium chemical conversion facility in South Korea.


OTCPK:PILBF - Post by User

Comment by aggmanon Dec 04, 2015 4:56pm
286 Views
Post# 24356296

RE:US is getting a 5-year $305BN highway Bill

RE:US is getting a 5-year $305BN highway Bill

Congress passes highway bill; Obama signature next

By Kevin Yanik| December 3, 2015
Photo: ThatMakesThree / photo on flickr

Photo: ThatMakesThree / photo on flickr

The Senate overwhelmingly passed a five-year, $305 billion highway bill Thursday night that the House approved earlier in the day. The bill now moves to the White House, where President Obama is expected to sign it into law.

“If passed, this legislation would be a real step forward for our transportation infrastructure after years of short-term patches,” says John Earnest, White House press secretary, in a Wednesday press briefing.

The Fixing America’s Surface Transportation (FAST) Act represents the first long-term national transportation spending package since SAFETEA-LU expired in 2009.

The bill received tremendous support from both chambers of Congress. The Senate approved the FAST Act with an 83-16 vote. The House approved it with a 359-65 tally. Congress faced a Friday deadline to get a deal done to assure federal infrastructure funding goes uninterrupted.

According to The Hill, the FAST Act spans 1,300 pages. Gas tax revenue and a $70 billion package in offsets from the federal budget supply the majority of the funds – about $205 billion for highways and another $48 billion for transit projects. The bill also reauthorizes the Export-Import Bank’s expired charter until 2019.

The American Road & Transportation Builders Association (ARTBA) says the FAST Act would grow annual federal highway investment by 15.1 percent from the current $40.3 billion to $46.4 billion. The association says the bill does not provide a permanent solution to the Highway Trust Fund’s structural revenue deficit.

“The measure uses a variety of one-time cost savings and non-transportation resources to supplement incoming trust fund revenue to support its investment levels over the next five years,” ARTBA says.

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