The lower-grade export fuel, which has an octane number of 91, is produced by blending lower-grade gasoline with naphtha, said the source, without giving further details.
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The challenges were driving production of "a higher proportion of certain lower grade products, partly to protect the quality of our flagship Pilbara blend," the company said, flagging higher sales of lower-grade ore in 2019.
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As prices rose, China's steel makers bought more lower grade and cheaper ore.
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This feels more like a violent earthquake than a rather lower-grade rumble.
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Roughly 100 Macy's stores are located in lower-grade "C" malls, according to Green Street Advisors.
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Certainly, lower grade iron ore has been trading at a fairly wide discount to higher grades.
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The lower-grade results were released last fall, and they showed a similar decline in math.
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It also raised its cost expectations because of lower grade ore at a mine in Egypt.
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This could well put lower grade iron ore back in play, and shrink the current wide margins.
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Deep-sea mining will probably produce lower grade ores, but it will do so without affecting human populations.
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But it is also the case that they have still been importing significant volumes of lower grade ore.
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Lower grade ores underperformed the benchmark with the price for 58% fines sliding 1873% to $41.40 a tonne.
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After years of low interest rates, investors have flocked to lower-grade bonds in search of higher yields.
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As steel prices have come under pressure, producers are turning to cheaper and lower grade ore, Gaines said.
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Investment-grade bond funds attracted $1.6 billion, while lower-grade high-yield funds took in $420 million, ICI said.
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"We've seen insidious marketing of aircraft to accommodate less experienced and perhaps a lower grade of pilot," he said.
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"On average they tend to be slightly lower grade than some of the projects in Canada or Australia," Ortiz said.
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While using pellets effectively shifts part of the dirty production process offshore, they are more expensive than lower-grade ore.
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Typically, automakers test their design with limited production using lower grade equipment that can be modified slightly to address problems.
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However, new rules that took effect at the start of March go way beyond simply weeding out lower-grade scrap.
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Doctors in busy emergency rooms can miss an early diagnosis of sepsis, which can be mistaken for a lower grade infection.
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The Christchurch assailant avoided police attention by purchasing two lower-grade semi-automatic guns, which he fitted out with larger magazines.
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Indonesia's exports are predominantly lower-grade coal, typically with an energy value of 2118.09,217 kilocalories per kilogram (kcal/kg) or less.
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Campus users, Dr. McCabe said, tend to be white, live in fraternity or sorority houses, and have lower grade-point averages.
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They said that Mr. Landry threatened to alter or withhold their transcripts, or force them to enroll in a lower grade.
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The government has cracked down on smaller operators, often known as teapots, which often use outdated equipment to make lower grade fuels.
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That trend has benefited lower-grade producer Fortescue since late 2018, and going forward may also boost sales for other Australian miners.
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Let's say, hypothetically speaking, I tell our class, 'Every female here will receive a lower grade than the males, no matter what.
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Doctors later determined that he had suffered several strokes just a few hours after taking a dose of the lower-grade insulin.
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Other producers of lower-grade ore may find themselves uncompetitive, including some smaller Australian miners, those in Iran and Chinese domestic producers.
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MEETING THE GRADE While China's scrap import volumes have plunged, purity levels have risen as lower-grade material has been locked out.
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"If it doesn't say 'required,' it's fine to go with the lower grade," said Jason Kavanagh, senior vehicle test engineer at Edmunds.
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Which suggests that the inventory of lower-grade iron ore is building all the way up the supply chain to the producer level.
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Victor, which costs about C$20 million annually to keep dry with pumps, has 18 other diamond-bearing kimberlites with lower-grade stones.
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The BLS's research indicates that students who worked more than 20 hours a week had much lower grade point averages — 2.95 on average.
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Analysts said the results were below expectations following maintenance and the realization some of its copper ore was lower grade than previously thought.
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Not only does that boost outright supply but it adds specifically to the mountain of lower-grade material which is currently without a home.
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There still is a clear dividing line, with higher-quality loans finding robust demand while lenders can demand sweeter terms on lower-grade deals.
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Wood Mackenzie expects the discount for lower grade ore to narrow as the steel profit margin shrinks, but not to the levels seen previously.
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"Along with China's accelerating fuel upgrades, the problem of having the lower-grade fuel quit the market has become increasingly prominent," the agency said.
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Both higher and lower grade ores also bounced, particularly the price of 58% fines which added a nifty 2.97%, finishing at $41.96 a tonne.
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Superintendent Jennifer Gallagher cited research saying that homework doesn't have much of an effect on lower-grade-level students in the note to parents.
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What if most of the stock build has been of lower-grade material that is accumulating because Chinese buyers are searching for higher quality?
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He asked his doctor about other insulin options, and was told about a lower-grade insulin that was more affordable and available at Walmart, ReliOn.
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There are different types of carbonate, with lower-grade material for the ceramics and glass industries, for instance, while higher-grade material used in batteries.
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It could process 6-7 million tonnes of lower-grade ore on site, if profitable, Kirby said, adding two-three years to the mine life.
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According to industry sources, the concern among brewers is that a tariff will make producing lower grade aluminum less attractive, there by raising the price.
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Sestak backs Common Core standards to better measure students' progress, but his campaign website the current system is problematic for students in lower grade levels.
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Rio Tinto said the challenges were from a higher proportion of certain lower grade products, partly to protect the quality of its flagship Pilbara Blend.
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The iShares iBoxx $ High Yield Corporate Bond ETF (HYG), an exchange-traded fund that tracks the lower-grade corporate market, fell nearly 0.8 percent on Wednesday.
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The taboo on issuing lower-grade debt became weaker in the 1980s after "corporate raiders" used junk bonds to finance leveraged buy-outs of listed companies.
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As environmental considerations move ever higher on Chinese policy-makers' agenda, Beijing is shifting away from the treatment of lower-grade materials across the industrial spectrum.
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The discount for lower grade iron ore has widened to 40 percent below it benchmark from 30 percent at the start of the year, said Salisbury.
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China's top copper scrap source has historically been the United States, which has shipped both high-quality and lower-grade material, the latter via Hong Kong.
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The news trigger for that technical break was a proposal by Chinese authorities to prohibit imports of lower-grade scrap from the end of next year.
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High grade iron ore commands a premium and has become sought after by countries, including China, because processing it creates less pollution than lower grade ore.
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This makes the lower grade ore about 42 percent cheaper, and this has widened from the 29 percent gap that prevailed at the end of 2016.
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The good news is that regulations allow for preservation of your pay for at least two years, despite your lower grade and perhaps less fulfilling work.
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This makes the lower grade ore about 41 percent cheaper, and this has widened from the 29 percent gap that prevailed at the end of 2016.
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The industry is rife with rancid or adulterated olive oil — meaning it's blended with cheap, lower-grade oils, and most of us don't even realize it.
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Fortescue has been hit by falling prices for its lower grade iron ore as Chinese steel mills have turned to higher-grade, less-polluting iron ore.
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Eramet is reorganizing its nickel operations in New Caledonia after years of losses, notably by increasing exports of lower-grade ore and by reducing production costs.
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A similar Indonesian contract run by the Singapore Exchange is up by 220 percent, confirming that lower-grade coal has underperformed its higher-quality Australian rival.
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Blending lower-grade crude is an industry tactic used to boost returns on less desirable oil, said Monroe, which filed a motion to have the suit dismissed.
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Australia is still China's top supplier of coking coal, used in steelmaking, and its higher quality thermal coal will be more welcome than Indonesia's lower-grade supplies.
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The copper scrap sector, however, is itself in flux right now, with China threatening to tighten controls on imports of lower-grade material at the end of 2018.
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That scenario will impact producers of lower-grade coal first as they feel the pinch of competition from lower-cost miners like Indonesia and renewable or cleaner fuels.
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Given Chinese ore is of a considerably lower grade than imported ore, this would probably equate to less than 400 million tonnes on a 62-percent iron basis.
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While weaker margins had spurred appetite among Chinese mills for cheaper, lower grade iron ore, ANZ said Beijing's environmental campaign should still support demand for higher grade ore.
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Campbell says these relics are cost-saving guides to future discoveries, while new technology allows modern miners to drill deeper and extract lower grade minerals than their predecessors.
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The shift in copper purity levels so far this year is likely a first-stage reaction to the looming ban on imports of lower-grade No.7 scrap.
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Already it would appear that mills are starting to prefer lower grade iron ore, which reduces their costs but also produces less steel per tonne of ore used.
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Based on current market prices, the selling price for the mine's lower-grade thermal coal would be just over $21, suggesting a profit margin of $21.4174-$12 per tonne.
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Shipments to China from the Philippines, an alternative supply source to Indonesia, but with lower-grade nickel ore, hit a 13-month high of 4.39 million tonnes in September.
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Shipments to China from the Philippines, an alternative supply source to Indonesia, but with lower-grade nickel ore, hit a 13-month high of 4.39 million tonnes in September.
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Simandou contains high grade iron ore, which commands a premium and has become sought after by countries, including China, because processing it creates less pollution than lower grade ore.
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The government said it would divert $174 million from lower-grade bonds to pay holders of the legally protected general obligation bonds in a diversion known as a clawback.
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"We will be shipping mostly lower grade nickel which fetches a lower price in the market," DMCI President Cesar Simbulan said in a statement to the local stock exchange.
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It was the first month that imports of 32 extra types of solid waste, including lower-grade scrap copper, were banned as part of China's crackdown on foreign garbage.
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The other would be for the discount of the lower grade ore to continue widening, and for owners of the existing stockpiles to be forced into accepting heavy losses.
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"However, our reaction to the lower grade is tempered by the knowledge ... that some of our data points were incomplete this first year," she told Reuters Health by email.
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Rieder is looking for buying opportunities in lower-grade U.S. corporate debt, which he sees as a safer bet than other high-yielding assets, such as emerging market fixed income.
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However, it said steel imports account for 17 percent of European domestic demand as anti-dumping duties imposed so far have had little effect, especially on lower grade commoditised steels.
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For now, analysts suggested that the sabre-rattling could result in a lower-grade conflict, defined by the sort of tit-for-tat indirect tactics Iran is most accustomed to.
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No-one knows exactly the composition of all that iron ore inventory but analysts at Renaissance Capital, for example, suggest two-thirds of it may be lower-grade, higher-impurity material.
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|
Australian producer Atlas Iron, for example, noted in its second-quarter report that "discounts for lower grade products continued to increase over the June 2017 quarter", depressing the company's realized price.
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While this lower-grade insulin is more affordable, The Washington Post reports that it can take up to four hours to metabolize and regulate blood sugar levels, without definitive success rates.
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The issue for exporters of lower grade iron ore, such as India and Australia's Fortescue Metals Group, is that they are now at a disadvantage to producers of higher-quality material.
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That ban, effective the end of 2018, has already disrupted material flows as this lower grade material, which has to be disassembled before being processed, is redirected to other Asian countries.
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Schodde said that porphyry deposits tend to be much larger in size, but lower-grade and economically feasible only if they are close to the surface or have good infrastructure nearby.
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However, rising output from lower-grade nickel pig iron (NPI) producers and high-pressure acid lead (HPAL) facilities mainly in top producers China and Indonesia are likely to drag prices down.
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According to a recent study, almost 50 percent of high school students could not complete their homework, and 42 percent received a lower grade because they lacked internet or computer access.
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In fact, some of them are continuing to load up on lower-grade corporate debt because it's managed to be a better performer than some of the investments considered to be safer.
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Most of the bottles Closed Loop is currently recycling would otherwise have been shipped to China to be transformed into lower-grade plastic for cheap hard hats, artificial fleeces and the like.
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When I served them to my guests, they didn't devour the whole plate as they had the previous week with the McCain fries, so I have to give them a lower grade.
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Enjoy the return and watch for unemployment In October 2016, two leading P2P platforms in the U.S. — Lending Club and Prosper — announced a new increase in interest rates for lower-grade loans.
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Less than two weeks later, Dell's banks went to market with the so-called Term Loan B, a lower-grade bank loan that was broken into pieces and sold to institutional investors.
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Traders said further margin weakness will spur demand for lower grade ore from farther afield, including from India, South Africa and even Indonesia, particularly if stocks of domestic ore continue to decline.
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"(Moderating margins) have influenced customers' preferences for specific products and created increasing demand for lower-grade iron ore," said Danny Goeman, Fortescue sales and marketing director, at a conference in Beijing on Wednesday.
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A hack on the Democratic National Committee (DNC), which the FBI is investigating, would likely earn a lower grade, depending on any foreign government involvement or intent to meddle in the presidential election.
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Nickel ore shipments to China from the Philippines, an alternative supply source to No. 1 producer Indonesia, but with lower-grade material, hit a 13-month high of 4.39 million tonnes in September.
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|
Fortescue has been attempting to shore up demand by moving to produce higher grade iron ore, given that its lower grade products had fallen out of favor with Chinese buyers facing environmental restrictions.
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Anglo-Australian miner Rio Tinto fell 4.7% after it lowered its outlook for shipments from a hub in the Pilbara region in Australia due to a higher proportion of certain lower grade products.
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In this scenario it's likely that steel mills will seek higher-grade iron ores, such as ore with 216.36 percent iron content and above, while lower grade material will become more deeply discounted.
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The equal employment commission said that in 2013, black detectives who were promoted had waited an average of 12 years at a lower grade, while white detectives who were promoted had waited six.
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Mills which had previously favored high quality iron ore to achieve maximum output with lowest emissions are also reining in costs by using more lower grade material with iron content below 60 percent.
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"While FMG maintain the view that current steel margins are unsustainable and that market dynamics for lower grade product will recover, the company is working to mitigate pricing discounts by improving grades," it said.
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Because prom tickets are meted out based on grade level — it's a junior/senior thing — it's routine for girls to ask boys who are in a lower grade or go to a different school.
|
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While mental health is rarely mentioned among the factors affecting community college graduation rates, challenges such as depression are strong predictors of negative outcomes like having a lower grade point average or dropping out.
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The first option is probably the easiest, given that if any extra tonnes can be added to the market to replace those lost from Vale, they are likely to be of a lower grade.
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The company said it expects to produce 4.6-4.7 million carats (mcts), below its previous forecast of 4.8-5 mcts, primarily due to lower grade diamonds recovered from its Cullinan mine in South Africa.
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BEIJING (Reuters) - Chinese steel mills facing a slump in profit margins are scrambling for lower grade iron ore to cut costs, squeezing supplies and halting a long-standing market trend toward higher grade ore.
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To be creditable, at least one (85033) year of specialized experience must have been equivalent to at least the next lower grade in the normal line of progression for the occupation in the organization.
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After the crash of 1987, Perl-Ashmore parted ways; Perl into subprime (or "Bs and Cs", as lower-grade loans were called then) and Ashmore into "Alt-A", slightly classier yet not quite prime.
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Fortescue Metals Group, the world's fourth-largest iron ore producer, is aiming to start producing higher-grade iron ore as well from December as it addresses the widening discount for its lower grade material.
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But as profit margins contract for steel mills, the economics are likely to switch, with higher-grade ores losing out to medium and lower grade material as input costs trump the need to maximise output.
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The rate at which companies could borrow high-grade, short-term loans mostly decreased, while rates for lower-grade paper continued to increase at some maturities and decreased modestly at others, according to Fed data.
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The rate at which companies could borrow high-grade, short-term loans mostly decreased, while rates for lower-grade paper continued to increase at some maturities and decreased modestly at others, according to Fed data.
|
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The London-listed company cut its production forecast to 4.6-4.7 million carats (mcts), below its previous forecast of 4.8-5.0 mcts, primarily due to lower grade diamonds from its Cullinan mine in South Africa.
|
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Copper production was 3 percent lower than the same time a year ago, following lower grade quality in some mines as well as flooding in Peru and higher than average rainfall in Democratic Republic of Congo.
|
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Analysts at Thomson Reuters GFMS note that the amount of Category 7 scrap entering China has already fallen from about 85 percent of the total as a result of the increased regulation around lower-grade material.
|
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China last year banned the import of what it calls Category 4003 copper scrap, typically lower-grade material such as radiators and engine motors that need to be physically dismantled before the metal can be extracted.
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The unexpected resurgence among producers of lower grade, cheaper steel is a setback for China's efforts to modernize its massive steel sector, mainly by pushing the big, sophisticated steelmakers to swallow smaller rivals and shut inefficient ones.
|
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The composite interest rate for high-grade commercial paper was 11 basis points higher on Wednesday and 7 basis points higher for lower-grade commercial paper, according to Kevin Giddis, chief fixed income strategist at Raymond James.
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Chinese mills have spurned lower grade ores in recent years, preferring high-grade product from Brazil's Vale or 2200-percent mid-grade Australian ores, aiming to churn out as much steel as possible to meet strong demand.
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The Peugeot dealership in Havana has sent its clients lists of technical tips how to protect their motors while using lower-grade gasoline, including more frequent maintenance and ensuring vehicles at running at optimum temperature before driving.
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Until recently, the gap between the lower-grade iron ore company's such as Fortescue Metals Group, Atlas Iron and other Australian producers mine and the benchmark was regarded as temporary and expected to narrow over time, Salisbury said.
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New models, such as the Fiesta hatchback and EcoSport SUV, have been adapted for Russian conditions of bad roads and extreme cold, with higher ground clearance, anti-corrosion finishes and engines adapted for lower grade fuel, Ovenden said.
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Shares of Fortescue Metals Group rose 1.2 percent after the miner said it would produce a 60 percent iron content product in the second half of the fiscal 2019, combating the widening discount for its lower grade ore.
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Phil Thick, boss of Tianqi Lithium Australia, the majority-owner of Greenbushes, a lithium mine in Western Australia that is the world's largest, foresees no shortage of lithium itself—especially metal that is lower grade than that mined from Greenbushes.
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"We are also seeing in parallel increasing interest in the lower grade ores and even a slight drawdown on iron ore stocks in China as well... and we will see that continue over the course of the quarter," said Lilleyman.
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However, Eramet said steps taken to improve its business, such as approval from the New Caledonia government for Eramet's SLN arm to export lower-grade nickel ore and a push into the electric vehicles sector, should improve its results later on.
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RECONFIGURING THE SUPPLY CHAIN China last year banned the import of what it calls Category 4003 copper scrap, typically lower-grade material such as radiators and engine motors that need to be physically dismantled before the metal can be extracted.
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Top loser on the STOXX was Centamin, which plummeted 18 percent after the mining group made a drastic cut to its full-year production guidance and raised its cost expectations because of lower-grade ore at a mine in Egypt.
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The concern from brewers, who rely on lower grade aluminum for their beer cans and bottles, is that a blanket tariff or tax on all aluminum imports would inadvertently impact the supply of the low-grade aluminum -- known as can sheet.
|
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The iShares iBoxx $ High Yield Corporate Bond ETF, an exchange-traded fund that tracks the lower-grade corporate market, had its best showing since November, rising 1.4 percent on Wednesday following price declines for the better part of the month.
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"This should spell good news for lower-grade bond markets which have been suffering from a flight to quality-grade bonds, and some firms have subsequently found access to liquidity difficult," analysts at Everbright Sun Hung Kai said in a note.
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Looking at the breakdown of suppliers, and top exporter Australia has fared better than regional rival Indonesia, most likely because it is the major global shipper of coking coal used to make steel, while Indonesia concentrates on lower grade thermal coal.
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"The lower grade isn't going to help them be less forgetful, since that is part of their A.D.H.D." But others say teenagers do need to learn to face consequences for their forgetfulness, and that rescuing them will only foster dependency.
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"The lower grade isn't going to help them be less forgetful, since that is part of their A.D.H.D." But others say teenagers do need to learn to face consequences for their forgetfulness, and that rescuing them will only foster dependency.
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Several months after the 2017 settlement, an earlier federal lawsuit claimed the 2016 valedictorian of Cleveland High, who is black, was forced to share the top honor of the graduating class with a white student who had a lower grade-point average.
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But it now puts the upper limit as much as 5.7% under its original forecast, giving a window for shipments of between 320 million tonnes and 330 million tonnes, with a greater proportion of that would being lower grade, lower margin product.
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In June, a trial will explore the case of Jasmine Shepard, "a black student who sued the district in 2017 after she claimed she was named 'co-valedictorian' with a white student who had a lower grade-point average," the newspaper writes.
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This is a logical function of Beijing's push to lower air pollution, as higher-grade ores require less coking coal in the blast furnace, and also don't require the pre-blast furnace upgrading needed if a steel mill is using lower grade ore.
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However, due to lower grade of ore mined at Cadia and maintenance activity at one of its mills, the miner said gold output from the mine will be between 268.7,000 ounces and 840,000 ounces for 2020, below 912,777 ounces it produced in 113.
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To combat the widening discount for its lower grade ore, Fortescue will also produce a 60 percent iron content product, named West Pilbara Fines, in the second half of the current year ahead of the development of its Eliwana mine and rail project.
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If iron ore continues to rally, or even remain at elevated prices, it's likely more Chinese mills will be tempted to switch to lower grade ore, especially since most of this comes from Australia and hasn't been affected by the Brazilian outages.
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Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, CEO Ben van Beurden said on Tuesday, part of a two-year programme to help finance its purchase of gas major BG Group.
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Based on their original anticipated grades and their final grades, Kizilcec sorted the students into two groups: those who had received a grade similar to expectations, and those who had suffered an expectation violation—that is, they received a lower grade than they had anticipated.
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"Private sales of this card in lower grade have sold at retail for over $250,000 in recent times, though none have held subgrades to match this example and none have sold at auction where a true market value can be determined," the company wrote.
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NICKEL: A global nickel market deficit will nearly halve to 49,000 tonnes in 2019 from 93,000 tonnes this year on higher output of primary metals by global suppliers and of lower-grade nickel pig iron (NPI) in Indonesia, Sumitomo Metal Mining said on Tuesday.
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Fortescue has been hit by falling prices for its lower grade iron ore as Chinese steel mills have turned to higher-grade, less-polluting iron ore, but it is clamping down on costs and aiming to grow margins with a new, higher grade product.
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TOKYO, Dec 25 (Reuters) - A global nickel market deficit will nearly halve to 49,000 tonnes in 2019 from 93,1883 tonnes this year on higher output of primary metals by global suppliers and of lower-grade nickel pig iron (NPI) in Indonesia, Sumitomo Metal Mining said on Tuesday.
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So while there is a strong ethical imperative to increase the supply of donor organs, many of the methods tried or proposed—presumed consent, allowing organs to be bought and sold, and using lower-grade organs such as those from donors with HIV—are themselves controversial.
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One way of clearing the inventory overhang would be for China's pollution restrictions to ease, allowing steel mills to use the lower grade ore, but this is far from a given as there are increasing signs that winter restrictions are being extended in several steel-producing regions.
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PERTH (Reuters) - Royal Dutch Shell could sell some of its older, lower grade North Sea assets to improve the quality of its portfolio, CEO Ben van Beurden said on Tuesday, part of a two-year program to help finance its purchase of gas major BG Group.
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A ban on imports of lower-grade Category 7 scrap, such as motors and insulated wire that has to be dismantled and cleaned before being used as a metallic input, was announced in July last year and will be effective from the end of this year.
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Tesla's decision to move directly to the final tools is in part because lower grade, disposable equipment known as "soft tooling" ended up complicating the debut of the problem-plagued Model X SUV in 2015, according to a person familiar with the decision and Tesla's assembly line planning.
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Vessel-tracking data compiled by Thomson Reuters shows that Australia, which supplies mainly 62 percent and lower-grade 58 percent iron ore, has managed to boost its share of China's imports to 67.4 percent for the first eight months of the year, compared with 66.1 percent for the same period in 2017.
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Some ports, trying to manage their storage space, have in recent weeks rejected vessels carrying lower grade iron ore that is less preferred than higher quality material and could take months to clear, said a source at a foreign trading firm that has millions of tonnes of the steelmaking ingredient at Chinese ports.
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Eventually, the soft, high-grade ore found near the surface was exhausted and miners began blasting deeper and deeper to extract taconite, a lower-grade ore that is turned into pellets and carried by trains to ports on Lake Superior where it is shipped to steelmaking plants in Michigan, Ohio and Indiana.
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No attack against the United States so far would register as a five, and the hack on the Democratic Party organization would likely earn a lower grade, depending on how much evidence emerges on whether or not a foreign government is using the stolen information to try to influence the election, a source familiar with the policy discussions said.
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