Latest news with #LOI
The Irish Sun
10 hours ago
- Sport
- The Irish Sun
Fans left stunned as ‘golden goose' Damien Duff resigns as Shelbourne boss ahead of Champions League bow
LEAGUE of Ireland fans were left stunned on Sunday afternoon after the shock news of Damien Duff's departure from Shelbourne. The former Chelsea star shocked the Irish football community as he confirmed his exit from the LOI champions. 2 Damien Duff stepped down as Shelbourne manager on Sunday 2 Duff's departure comes just weeks ahead of their UCL clash against Linfield The Republic of Ireland legend Damien Duff decided to step down as boss, just weeks before their Champions League qualifier against Linfield. Duff confirmed to RTÉ Sport that he handed in his resignation earlier today. Shels currently sit sixth in the table, 15 points adrift of leaders and rivals Shamrock Rovers. Duff has been unable to replicate that success so far this year as tension escalated with a number of opposing mangers. read more on football His unexpected departure comes just 24 hours before the reigning Premier Division champions face Waterford. One said: "Jesus, that's a bit of a shocker!!" While another penned: "You have to admit one thing , Damien Duff brought attention to the league that was never there before, got the feeling he was going through same thing as Roy keane at Sunderland, extremely high standards but didn't have the players to match . Would assume Joey steps in now" A third wrote: "Damien Duff gone? we never get any luck in Europe..." Most read in Football While another commented: "Damien duff is most definitely in my head right now." And one fan said: "Damien Duff told his Shelbourne players this morning he's leaving, 24 hours before tomorrow's visit to Waterford and a fortnight out from their Champions League first round v Linfield. Barring a U-turn, LOI is losing its golden goose…" Shelbourne manager Damien Duff gives sweet birthday shoutout to his mother after his side's draw against St Pat's
RTÉ News
17 hours ago
- Sport
- RTÉ News
Time to reclaim the internet from #GAAdopes
There is a great story from a few years back of a memorable character on the club management scene. At half-time he assessed the performance of his first 15. A good portion of his players got a similar message, the same line in the same tone delivered individually, "You are a dope". The few that were omitted from this assessment were given a question and an answer "What do you not do with a dope? Don't pass them the ball". Face-to-face communication styles have evolved in the decade or so since. Unfortunately, we do a lot less face-to-face communication now than we did even then. We do a lot more social media communication. Social media communication, while relatively new, has rapidly devolved into some of the most despicable nonsense imaginable. Exaggerated anger and vitriolic personal attacks are commonplace. The microphone that is the internet, omnipresent in our hands, has provided people with a tool to highlight their ignorance to the masses, in perpetuity. This microphone of ignorance is too often overused by Irish adults to personally belittle our sportspeople. GAA supporters are not alone but it hits a little different given how we like to congratulate ourselves on our wholesomeness. In general, sports followers in Ireland like to tell ourselves what great supporters we are (*when our team is winning and there is a bandwagon to be jumped on). At the same time, we, adults I remind you, will lazily fulfil sporting stereotypes. "The self-congratulatory moral superiority of the GAA fan needs to be checked. We need a kick in the backside" LOI fans have a go at Premier League fans for not supporting their local teams. Premier League fans born and raised in Ireland having a go at each other for being Manc or Scouse scum. Rugby fans preaching about rugby values while tearing down the ability, personality, even family of Sam Prendergast or Jack Crowley, based purely on the province they come from. GAA fans having a go at others because they are so civilised that they can, wait for it, sit or stand beside each other on the terraces. The self-congratulatory moral superiority of the GAA fan needs to be checked. We need a kick in the backside. I picked up my phone last Sunday evening. After a madcap weekend of enthralling football, logic would suggest that social media would be in raptures at the scores, blocks, tricks and flicks that built a brilliant crescendo to the football championship group stages. Nope. Not the case. Instead there was exaggerated bile flying back and forth between followers of different counties, a large amount of it between followers of counties who hadn't even played each other. The target? More or less everyone that did anything. Like life, the only ones to escape critique were the ones who did nothing only sit in the background. Opposition supporters, opposition management, fixture makers, referees, supporters of non-opposition counties, management of non-opposition counties, own county's supporters, own county's management... all got personal attacks. The most common target were of course players, the ones who push themselves for most of the year to give you 70 minutes of entertainment when you decide to flick on your TV or go to a game. The guff that caught my eye was that directed at Donegal's Michael Murphy. The apparent, completely contrived, alleged issue was that he may have tried to get to the dressing room after the final whistle. This, for some, made him a particularly terrible human. The same man that has spent weeks of his life signing autographs and chatting to fans from all counties, was being personally attacked for (important to note - based primarily on the limited but apparently bullet-proof evidence of a few TV images only) not hanging around for an hour or so with supporters on the pitch. In the name of Jaysus. What a nonsense. If Murphy did commit this apparently heinous crime, did anybody consider the context it was committed in? That he may not have wanted to be the one to hold up a coach load of his team-mates from starting their three-hour journey home at 7pm on Sunday evening, having left their homes and families on Saturday morning? That he may have had an early Monday morning work meeting abroad that he had to catch a flight for? That he may have had an injury he wanted to get assessed so his ancient 35-year-old body may be ready to go again for a knockout game six or seven days later? Or, a multitude of other things he and all the players in action last weekend may have had going on in their real lives away from the screens of people waiting to have a go at their personalities or qualities as humans? As GAA supporters we need to park the self-righteousness and call out this increasing trend of mindless abuse before it spikes into normality. For me, social media is a tiny minority at extremes shouting, as loud as possible, hyperbolic and deliberately spiteful diatribe back and forth at each other while the silent majority sit silently in the middle scrolling past but subconsciously absorbing their hate. We know in the GAA that most supporters are sound. Go to a game and the hate is not thrown around between supporters. If anyone oversteps the mark with their attempted comedy or overly passionate support the reaction of those around them shows them up enough to shut them up. Caution is required. For a few years hatred related to politics, race, creed, sex, nationality was confined to the loud online shouting. Allowing it flourish online has seen it become more prominent on our streets. Keep it away from our GAA pitches. The people spraying personal abuse to GAA people online fall into two categories. Category one, dopes who are looking for a cheap laugh from their friends for how brave they were to publicly attack someone. Category two, dopes who crave attention and attempt to say something so insulting that others will give them the attention they crave by biting back at their personal jibes. When these dopes were 14 and sat down the back of the classroom performing their routine with smart remarks their ignorance was witnessed by only a few. The others in the class were quickly laughing at them not with them. The worst remarks were quickly forgotten because they weren't written down and shared with millions. While the dopes' audience has increased their ignorance is now recorded for all to see forever. If you have read this and are a dope, then stop. If you are thinking of being a dope, don't. If you see or hear a dope on social, well this is the one we struggle with. Like in the classroom, learn to ignore them where possible. If they have gone too far, maybe we can start to call them out but without getting into a conversation. Use '#GAAdope' to check our behaviour and start to dampen and in time eliminate the hate. The club manager at the start has evolved but maybe there is still an occasional need for his curt communication style. Follow a live blog on the All-Ireland Football Championship on Saturday and Sunday on and the RTÉ News app. Listen to updates on Saturday Sport and Sunday Sport on RTÉ Radio 1. Watch highlights on The Saturday Game at 9.15pm and The Sunday Game from 9.30pm on RTÉ2 and RTÉ Player.
Time of India
4 days ago
- Business
- Time of India
Adani Power's proposal to acquire Vidarbha Industries Power's approved by NCLT
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved Adani Power Ltd 's acquisition of Vidarbha Industries Power Ltd. Before the tribunal's nod, the secured creditors of the company approved the plan in February 2024. The company has admitted liabilities of Rs 6,753 crore, and the successful resolution plan has proposed to pay Rs 4,000 crore to acquire the company. Vidarbha Industries (VIPL) owns and operates a 600-megawatt (MW) thermal power plant, with two 300-MW units each in Nagpur in Maharashtra state. 'We find that the Resolution Plan has been approved with 100% voting share. As per the CoC, the plan meets the requirement of being viable and feasible for the revival of the Corporate Debtor,' said the division bench of judicial member Nilesh Sharma and a technical member, Sameer Kakar, in its 75-page order. 'We also observe that none of the stakeholders in the process of CIRP have come forward before this Tribunal with an application objecting to the approval of this Resolution Plan,' noted the tribunal. The tribunal also observed that the resolution plan is binding on the Corporate Debtor (VIPL), its employees, members, creditors, guarantors and other stakeholders. Last year in September, the tribunal had admitted CFM Asset Reconstruction's application to admit the company under the Corporate Insolvency Resolution Process (CIRP). On February 24, Adani Power in its stock exchange filing had said that the lenders have approved its revival plan for the company and the 'implementation of the resolution plan' is subject to the 'LOI terms as well as requisite approvals from the NCLT and other regulatory approvals'. VIPL was formerly a subsidiary of Anil Ambani-owned Reliance Power . It entered insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). Reliance Power had announced last year that VIPL was no longer its subsidiary. Admitting the petition, the bench appointed Bimal Kumar Agarwal as the interim resolution professional (IRP) to oversee the insolvency process, including managing VIPL's assets and inviting resolution plans. VIPL, a special-purpose vehicle, was set up by Reliance Power for building a coal-based thermal power plant comprising two units of 300 MW each at Butibori at Nagpur in Maharashtra. The project was awarded after an international bidding process run by the Maharashtra Industrial Development Corporation, and it was eventually converted into an independent power project. The Butibori project has a long-term power purchase agreement (PPA) with Maharashtra for 3085 MW, with potential for expansion. The company defaulted on loans totalling Rs. 3,872 crore to Axis Bank and State Bank of India (SBI), leading to the classification of its account as a non-performing asset in 2019. Both lenders later sold their debts to CFM ARC in 2023, as reported by ET in October 2023.
Time of India
4 days ago
- Business
- Time of India
Adani Power's proposal to acquire Vidarbha Industries Power's approved by NCLT
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved Adani Power Ltd 's acquisition of Vidarbha Industries Power Ltd. Before the tribunal's nod, the secured creditors of the company approved the plan in February 2024. The company has admitted liabilities of Rs 6,753 crore, and the successful resolution plan has proposed to pay Rs 4,000 crore to acquire the company. Vidarbha Industries (VIPL) owns and operates a 600-megawatt (MW) thermal power plant, with two 300-MW units each in Nagpur in Maharashtra state. 'We find that the Resolution Plan has been approved with 100% voting share. As per the CoC, the plan meets the requirement of being viable and feasible for the revival of the Corporate Debtor,' said the division bench of judicial member Nilesh Sharma and a technical member, Sameer Kakar, in its 75-page order. 'We also observe that none of the stakeholders in the process of CIRP have come forward before this Tribunal with an application objecting to the approval of this Resolution Plan,' noted the tribunal. The tribunal also observed that the resolution plan is binding on the Corporate Debtor (VIPL), its employees, members, creditors, guarantors and other stakeholders. Last year in September, the tribunal had admitted CFM Asset Reconstruction's application to admit the company under the Corporate Insolvency Resolution Process (CIRP). On February 24, Adani Power in its stock exchange filing had said that the lenders have approved its revival plan for the company and the 'implementation of the resolution plan' is subject to the 'LOI terms as well as requisite approvals from the NCLT and other regulatory approvals'. VIPL was formerly a subsidiary of Anil Ambani-owned Reliance Power. It entered insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). Reliance Power had announced last year that VIPL was no longer its subsidiary. Admitting the petition, the bench appointed Bimal Kumar Agarwal as the interim resolution professional (IRP) to oversee the insolvency process, including managing VIPL's assets and inviting resolution plans. VIPL, a special-purpose vehicle, was set up by Reliance Power for building a coal-based thermal power plant comprising two units of 300 MW each at Butibori at Nagpur in Maharashtra. The project was awarded after an international bidding process run by the Maharashtra Industrial Development Corporation, and it was eventually converted into an independent power project. The Butibori project has a long-term power purchase agreement (PPA) with Maharashtra for 3085 MW, with potential for expansion. The company defaulted on loans totalling Rs. 3,872 crore to Axis Bank and State Bank of India (SBI), leading to the classification of its account as a non-performing asset in 2019. Both lenders later sold their debts to CFM ARC in 2023, as reported by ET in October 2023.
Yahoo
4 days ago
- Business
- Yahoo
TMC Announces Strategic Investment from Korea Zinc — a World-Leader in Non-Ferrous Metal Refining and pCAM Technology — to Advance Development of Deep-Seabed Critical Minerals in the U.S.
Korea Zinc Co., Ltd., (Korea Zinc) will make a strategic equity investment in TMC of $85.2 million in exchange for 19.6 million common shares at the last market closing price of $4.34 per share Investment includes a three-year warrant to purchase 6.9 million common shares (0.35 warrant shares for every 1 initial common share) with an exercise price of $7.00 per share, and a participation right to subscribe for future offerings of TMC equity for Korea Zinc to maintain its ownership of common shares, subject to customary exceptions A world leader in non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology, Korea Zinc is uniquely positioned to use TMC USA's nodule-derived materials to produce refined metals, copper foil and pCAM in their existing facilities in South Korea and build new facilities in the United States Under an existing LOI with TMC USA, Korea Zinc's R&D team has received a bulk sample of TMC-supplied nodule material and is currently validating processing and refining pathways and potential synergies through vertical integration NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) ('TMC' or the 'Company'), a leading explorer of the world's largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and infrastructure, today announced that Korea Zinc, a world leader in non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology, has agreed to make a strategic investment of approximately $85.2 million in the Company through the purchase of common shares and warrants in a private placement. The investment was approved by TMC's Board of Directors and is expected to close on June 26, 2025, subject to customary closing conditions. Korea Zinc will purchase 19.6 million common shares at the last market closing price of $4.34 per share and will receive a three-year warrant to purchase 6.9 million common shares (0.35 warrant shares for every 1 initial common share for no additional consideration) with an exercise price of $7.00 per share, subject to compulsory exercise provisions should TMC common shares trade above $10.00 for 20 consecutive trading days. Upon closing, Korea Zinc will become one of TMC's largest strategic shareholders with ownership of approximately 5% of the Company's outstanding common shares. Korea Zinc is currently evaluating a bulk sample of nodule material supplied by The Metals Company USA, LLC (TMC USA) under an existing LOI, with its R&D team to validate intermediate processing and refining pathways and potential synergies through vertical integration. Korea Zinc has expressed interest in working with TMC USA to establish processing, refining and potentially pCAM manufacturing capacity in the United States. 'We're thrilled to welcome Korea Zinc as a strategic investor and partner on our journey to redefine how the United States sources critical minerals for energy, defense, manufacturing and infrastructure,' said Gerard Barron, Chairman and CEO of The Metals Company. 'We believe the strategic fit between the two companies is exceptional: If we receive a commercial recovery permit, TMC USA will be in position to deliver a secure, abundant and low-impact supply of four critical metals under U.S. regulatory oversight. Korea Zinc is probably the only company outside of China that has the capability to take TMC USA's materials and turn them into metal product formats required in the United States. Together, we have the potential to meet the United States' demand for refined nickel, cobalt and manganese, and contribute copper while completely by-passing the Chinese supply chain.' 'This is more than capital—it's alignment on values, on urgency, and on building a resilient supply chain for the United States. With TMC's robust pro forma cash balance of nearly $120 million, we and Allseas can now turn our attention to preparing the Hidden Gem commercial production system in anticipation of the grant of a commercial recovery permit through the U.S. regulatory framework. We look forward to sharing more detail alongside the expected release of our PFS next quarter.' The Chairman and CEO of Korea Zinc, Yun B. Choi, commented: 'I am bullish on nickel and copper. Korea Zinc's well-developed growth strategy, a.k.a. Troika Drive, is predicated on that very view. As such, we are excited to be an investor in TMC, who I believe will be one of the most competitive nickel and copper producers in the world.' 'More than that, I am particularly bullish on the opportunity in critical minerals processing capacity in the United States, and with this new partnership between Korea Zinc and TMC, we now can have a relevant position in this market, having a unique platform upon which a reliable and independent nickel supply chain can be built in the United States, serving U.S. companies and consumers.' Korea Zinc's investment lays the foundation for an ongoing strategic partnership and comes at a pivotal time for the Company, as TMC USA advances discussions with the National Oceanic and Atmospheric Administration (NOAA) on its commercial recovery permit application under U.S. law and prepares to release a pre-feasibility study (PFS), expected in the third quarter of 2025. On April 24th, 2025, President Trump issued an Executive Order to accelerate seabed mining through expedited permitting, evaluation of offtake rights and stockpiling, and potential federal investment. A few days later, TMC submitted the first-ever application for a commercial recovery permit and applications for two exploration licenses to NOAA under the Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA). About TMC The Metals Company is an explorer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for energy, defense, manufacturing and infrastructure with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing. More information is available at About Korea Zinc Korea Zinc is the world's leading non-ferrous metal smelting company, processing over 1.2 million tons of 18 different metals annually, including zinc, lead, silver, indium, nickel, cobalt, copper and other critical materials essential to advanced industries. With world-class refining technology and one of the industry's most advanced environmental management systems, Korea Zinc delivers high-purity metals while minimizing our environmental footprint. Building on this foundation, Korea Zinc is accelerating a so-called Troika Drive, which focuses on three core areas: renewable energy and green hydrogen, secondary battery materials, and resource recycling, and especially a nickel processing plant 'All-in-One Nickel refinery' which is currently under construction in Korea and scheduled for completion in Q2 2026. Through this transformation, Korea Zinc is driving the shift towards a circular, low-carbon economy while strengthening global supply chain resilience and creating long-term sustainable value for communities, partners, and our planet. Contact: Investors: investors@ Media: media@ Forward Looking Statements This press release contains 'forward-looking' statements and information within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. securities laws. These statements may be identified by words such as 'believes,' 'could,' 'expects,' 'may,' 'plans,' 'possible,' 'potential,' 'will' and variations of these words or similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements with respect to the investment by Korean Zinc in the Company's the securities, including the timing of the closing and the anticipated gross proceeds therefrom, the potential strategic partnership between the Company and Korea Zinc, the ability for TMC USA to deliver a secure, abundant and low-impact supply of four critical metals under U.S. regulatory oversight, the ability for Korea Zinc to take TMC USA's materials and turn them into metal product formats required in the United States, the ability for the Company and Korea Zinc to meet the United States' demand for refined nickel, cobalt, manganese and contribute copper and to by-pass the Chinese supply chain, and the potential upsides in investing in copper and nickel and the expected timing of the Company's PFS. The Company may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various factors, including, among other things: risks relating to the need to satisfy regulatory and legal requirements with respect to the offering, risks relating to the Company's ability to satisfy certain conditions to closing for the offering included in the securities purchase agreement on a timely basis or at all, as well as related to market and other conditions, the Company's future financial performance; the outcome and timing of regulatory reviews by NOAA under DSHMRA; the ability to obtain an exploitation contract from the ISA or permits from the U.S. government; risks related to the Company's potential dual-path permitting strategy; changes in environmental, mining and other applicable laws and regulations; other regulatory uncertainties and the impact of government regulation or political developments on the Company's activities; the potential for legal or jurisdictional challenges to the Company's rights or proposed operations in international waters; environmental risks and liabilities; the Company's ability to develop sufficient data to support permit applications and satisfy environmental requirements; the Company's ability to develop commercial operations, including onshore processing capabilities; risks associated with the Company's limited operating history and need for additional financing; and other risks and uncertainties, any of which could cause actual results to differ from those expressed or implied in the forward-looking statements and the other risk factors that are described in the section entitled 'Risk Factors' in the prospectus supplement and the Company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2024 filed on March 27, 2025 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed on May 14, 2025. Any of such risks could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are based on current expectations and assumptions and reflect the Company's views as of the date hereof. Any forward-looking statements contained in this press release speak only as of the date hereof, obligation to update any forward-looking statements contained herein, whether because of any new information, future events, changed circumstances or otherwise, except as otherwise required by in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
