On Wednesday, Shares of Frontier Communications Corporation (NASDAQ:FTR), gained 3.37% to $5.21.
Frontier Communications Corporation applauded today’s decision by the Federal Communications Commission (FCC) approving its projected acquisition of Verizon’s wireline, broadband and video operations, counting the FiOS® network, in California, Florida and Texas. The company is presently also seeking approval from the California Public Utilities Commission and the Public Utilities Commission of Texas, and has received Hart-Scott-Rodino federal antitrust clearance. Pending commission approval in Texas and California, the company anticipates to close the transaction at the end of the first quarter of 2016.
Frontier will offer California, Florida and Texas customers the company’s full portfolio of products and services, counting broadband services, wireline local and long distance phone service, video viewing options, and innovative products and services such as Frontier Secure, an industry-leading digital security offering that provides customers with top-rated online computer and personal identification protection and 24/7 premium technical support in addition to hard drive backup. FiOS customers in these markets will continue to receive the same products and services they have come to enjoy under the FiOS brand name.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Shares of Goldcorp Inc. (NYSE:GG), declined -0.07% to $13.76, during its last trading session.
GOLDCORP INC. and Teck Resources Limited declared a contract to combine their respective El Morro and Relincho projects located about 40 kilometers apart in the Huasco Province in the Atacama region of Chile, into a single project.
Teck and Goldcorp will contribute their respective project interests into a 50/50 joint venture. The combined project will have the interim name of Project Corridor.
Based on the results of a Preliminary Economic Assessment (“PEA”), Project Corridor contemplates a conveyor to transport ore from the El Morro site to a single line mill at the Relincho site. We expect that this approach will provide a number of key benefits, counting:
- Reduced environmental footprint: Project Corridor will reduce infrastructure requirements, counting utilizing a single desalination plant, a single port, a single transmission line, a single concentrator and a common tailings facility. As a result, the environmental footprint of Project Corridor will be significantly less than the combined footprint of the standalone projects. The use of a common tailings facility located at the Relincho site responds to concerns expressed by local communities regarding the location of the formerly projected El Morro tailings facility within the agriculturally important Huasco River watershed.
- Lower cost, improved capital efficiency: Common infrastructure will significantly reduce project capital costs and ongoing operating costs. Further, the PEA contemplates a phased development approach that will allow future expansions to be funded from project cash flows, thus significantly reducing the initial funding requirement. As a result, the initial capital cost to bring Project Corridor into production is targeted to be US$3.5 billion, with further capital required to construct future phases being funded largely from project cash flows. The feasibility studies of the standalone El Morro project and standalone Relincho project had formerly estimated development costs at US$3.9 billion 2 in 2011 dollars and US$4.5 billion 3 in 2013 dollars , respectively.
- Optimized mine plan: Project Corridor is one of the largest undeveloped copper-gold-molybdenum projects in the Americas. The integrated project allows for the optimization of both resources, resulting in a longer mine life of at least 32 years, based on existing proven and probable reserves, with the scope for further extensions given the noteworthy exploration potential across the combined property. Initial stage development contemplates a single line mill and concentrator facility with an initial capacity in the range of 90,000– 110,000 tonnes per day to produce an average of about 190,000 tonnes of copper and 315,000 ounces of gold per year over the first full 10 years.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Finally, The Boeing Company (NYSE:BA), ended its last trade with 2.50% gain, and closed at $130.63.
The Boeing Company and Emirates Airline celebrated the simultaneous delivery of three 777s – two 777-300ERs and one 777 Freighter – marking the entry of the 150th 777 into Emirates’ fleet.
Today’s delivery marks the first time in 15 years that Boeing has delivered three 777s at one time to a single customer.
Emirates is the world’s largest operator of the 777 and also the only airline ever to operate all six of the 777 variants introduced into service by Boeing.
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.
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