Eramet produces first lithium from Centenario plant in Argentina
Eramet becomes the first European company to produce lithium carbonate at an industrial scale.
Level 3 Communications, a global optic fibre network operator, this week announced that it has completed the sale of its entire coal mining business to Ambre Energy as part of its long-term strategy to focus on core business operations.
As a result of the transaction, the liabilities associated with the coal mining business will be removed from Level 3’s balance sheet as of the closing, the company said in a statement. The financial terms of the transaction were not disclosed. Level 3 operates a global services platform anchored by owned fiber networks on three continents in more than 45 countries connected by undersea facilities.
Buffett and two other investors galvanized the Broomfield-based broadband company when they bought $500 million in convertible debt in July 2002 which was billed as the legendary investor’s first foray into technology. Buffet cashed out a year and a half later for a 100% profit according to a report by USA Today.
