Brad L. Burge
God desires that ALL people would accept God's love and salvation through Jesus Christ. God has compelled me to share information with the world relating to the biblical seven year tribulation in order to share Truth in a deceived world.
In the beginning was the Word, and the Word was with God, and the Word was God. He was with God in the beginning. Through Him all things were made; without Him nothing was made that has been made. In Him was life, and that life was the light of men. The light shines in the darkness, but the darkness has not understood it. (John 1:1-5)
Jesus answered, "I AM the way and the truth and the life. No one comes to the Father except through me." (John 14:6)
Tuesday, May 29, 2007
The bridge will carry iron from largely untapped deposits in Russia's Far East to steel mills in China, a new front in Russia's push to develop the region and sell raw materials to China.
Pending approval from the Kremlin and Beijing, the river will be bridged at the town of Nizhneleninskoye. Much of the traffic will be iron ore mined at the Kimkan and Sutara deposits in an $800 million project run by London-listed miner Aricom Plc.
Aricom plans to ship over 3 million tonnes of iron from 2011 to steel furnaces in China, which produced nearly 420 million tonnes of steel last year -- a third of the world's total.
"The deposit is undoubtedly one of the largest unexploited iron ore projects in the world and benefits from both excellent infrastructure and close proximity to end market," Aricom Chief Executive Jay Hambro said.
The bridge would almost halve the cost of transporting iron to China, he says, to just below $5 a tonne from $9.15 using the current projected cross-border route.
The iron will further help Russia's trade balance with China. Last year, it exported $15.8 billion worth of goods to China and imported $12.9 billion.
But it is not just the trade in iron that will benefit.
"Business that isn't profitable now due to transport costs will suddenly become profitable," says Valery Shulyatikov, first deputy chairman of the regional government.
Ninety percent of the Jewish Autonomous Region's $30 million in external trade last year was with China, and cross-border trade rose 74 percent in 2006 and a further 70 percent in the first quarter of this year.