Execs at Coal Giant Rio Tinto Face Fraud Charges For Overstating Mine’s Worth by Billions

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc (RIO.L) (RIO.AX) and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.The U.K.’s Financial Conduct Authority (FCA) also said on Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million ($35.6 million) to settle claims that it breached accounting rules in connection with the Mozambique assets.The Mozambican coal business, which relied on barging the product down the Zambezi River to export via a planned port on the coast, was acquired for $3.7 billion in 2011 from Riversdale Mining and sold a few years later for $50 million.In a lawsuit filed in U.S. federal court in Manhattan, the SEC said Rio Tinto, former Chief Executive Officer Thomas Albanese, and former Chief Financial Officer Guy Elliott failed to follow accounting standards and company policies to accurately value and record the assets.The SEC said that soon after the deal was completed, Rio Tinto learned that the acquisition would yield less coal, and of a lower quality, than expected. The global miner could only transport and sell a fraction of the coal it had originally assumed, the SEC said.By making misleading public statements, Rio Tinto and the executives were able to raise $5.5 billion from U.S. investors, the SEC said. They continued to solicit the investments even after executives of the Mozambique subsidiary told Albanese and Elliott that the unit was likely worth negative $680 million, according to the SEC.CNN Money:One of the world’s biggest mining companies and two of its former top executives are in trouble for allegedly overstating the value of a mine in Africa by billions of dollars.Authorities in the U.S. and the U.K. have accused Rio Tinto (RIO), its former chief executive Tom Albanese and former finance chief Guy Elliott of hiding from shareholders the true value of a coal mine in Mozambique that the company bought for $3.7 billion in 2011.The U.S. Securities and Exchange Commission claims that Rio Tinto realized the mine was worth significantly less within a year of purchasing it, but did not share that information with investors until 2013. In a filing with a district court in New York, the SEC accused the company and the two former senior executives of fraud.The U.K. Financial Conduct Authority said there were indications that the mine should have been revalued when the company was reporting mid-year earnings in 2012, and the failure to do so represented “a serious lack of judgment.”In a statement, Rio Tinto said it would “vigorously defend itself” in the SEC case. It said it had settled separately with the FCA — the U.K.’s financial market regulator — and will pay a fine of about £27 million ($36 million) for failing to carry out an impairment test of the value of the mine.“Rio Tinto believes that the SEC case is unwarranted and that, when all the facts are considered by the court, or if necessary by a jury, the SEC’s claims will be rejected,” it said.“The FCA made no findings of fraud, or of any systemic or widespread failure,” the company added.Rio Tinto agreed to settle at an early stage of the FCA investigation, otherwise it would have been fined $51 million.In its complaint filed Tuesday, the SEC accused Rio Tinto, Albanese and Elliott of trying “to conceal the rapid and dramatic decline in value” of the coal business.The mining giant continued to value the business at more than $3 billion through 2011 and 2012 even after discovering early on that it could sell “only about five percent” of the coal it had originally anticipated, and that the mine had “significantly less and lower quality coal” than it initially assumed, the SEC complaint states.The company ultimately sold the Mozambique mine for just $50 million in 2014.Albanese was removed from the top job at Rio Tinto in 2013 after the company wrote down the value of its assets by $14 billion. He resigned as CEO of another mining giant, Vedanta Resources (VEDL), in August.More: Rio Tinto accused of fraud over ‘$3 billion’ coal mine Execs at Coal Giant Rio Tinto Face Fraud Charges For Overstating Mine’s Worth by Billionslast_img read more

Even hot summer not likely to help U.S. coal industry

first_imgEven hot summer not likely to help U.S. coal industry FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Forecasts for a hotter-than-normal summer across the U.S. may somewhat offset lackluster coal demand from domestic power customers.Temperatures across most of the United States are likely to be above-normal for the next few months, according to the National Weather Service outlook for July through September. If so, the hum of air conditioners and other sources of increased electricity demand could lower utility coal stockpiles and drive additional buying activity.Coal plant retirements have reduced the number of domestic buyers, though power plants operating at a lower capacity could offer an opportunity for increased sales. Coal’s year-to-date share of U.S. electric generation declined 4.9% year-over-year through April, according to a recent S&P Global Market Intelligence analysis.A hotter summer would be positive for coal, but probably not “hugely positive,” said Matt Preston, research director for North America coal markets for Wood Mackenzie. “It could be slightly stronger for coal if it’s hotter because there are some places where coal units are marginal units, but nobody’s thinking it’s going to be a big boon,” Preston said. “There’s just so many units that have retired that any serious run on coal is not expected.”At a May transportation conference, Kansas City Southern CFO and Executive Vice President Michael Upchurch said customers were telling the railroad to expect a ramp-up in coal activity through the summer in markets like Texas and Arkansas. However, he described the uptick as simply being “less worse” in a market that will decline on an ongoing basis.More ($): Hot summer could boost US coal, but expectations tempered by secular declinelast_img read more

U.S. coal companies increasingly worried administration policies will hurt exports

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:U.S. coal mining companies are worried President Donald Trump’s intensifying trade dispute with China could hurt their booming export business, one of the ailing sector’s most important lifelines, according to industry players.Beijing this month added coal and other energy products to a list of U.S. goods facing import tariffs in retaliation for Trump administration levies. The measure has already dampened Chinese demand for U.S.-mined coal, multiple U.S. and Chinese industry sources said.For instance, trade sources said China National Building Material International, one of the biggest metallurgical coal importers in China, pulled back from supply talks with U.S. coal broker XCoal and miner Consol Energy shortly after Beijing’s announcement. A source familiar with the matter said Consol had been in talks with China to supply up to 1 million tons per year of metallurgical coal but would not confirm whether the deal would be delayed. Officials at XCoal declined to comment.The U.S. Energy Information Administration said U.S. coal exports to Asia doubled from 15.7 million tons in 2016 to 32.8 million tons in 2017. Exports to China totaled 3.2 million tons in 2017, up from zero in 2015 and 2016, according to the EIA.The coal industry’s concerns mirror the unease spreading in U.S. farm country over unintended consequences of the Trump administration’s protectionist stance, which has roiled foreign market for American crops. The farm and coal industries are critical Trump supporters that the president and his Republican party are relying on to help them retain control of Congress in the mid-term elections in November.More: U.S. coal miners worry Trump-China trade dispute could hit exports U.S. coal companies increasingly worried administration policies will hurt exportslast_img read more

Canada to try again on Trans Mountain project

first_imgCanada to try again on Trans Mountain project FacebookTwitterLinkedInEmailPrint分享Reuters:Canada will not appeal a court ruling that overturned its approval of an oil pipeline expansion project, opting instead for more consultations with aboriginal groups unhappy about the plan, a top official said on Wednesday.The problem-plagued bid to almost treble the capacity of the Trans Mountain pipeline is becoming one of the biggest political challenges for the Liberal government of Prime Minister Justin Trudeau in the run-up to an election in 2019.In August, the Federal Court of Appeal said Ottawa had failed to adequately consider aboriginal concerns before giving the green light to the expansion. That same month, amid increasing protests by aboriginal and environmental activists, Ottawa bought the pipeline from Kinder Morgan Canada Ltd.“The government will not appeal the court’s decision … we are going to do things differently this time,” Natural Resources Minister Amarjeet Sohi told a news conference. Instead, Ottawa will reinitiate consultations with all 117 indigenous groups who would be affected by plans to pump more oil from Alberta to the Pacific province of British Columbia.Sohi said on Wednesday that he would not impose a time limit on the consultations but added that “we are not starting from scratch”, given the government already had plenty of information from earlier discussions. He also reiterated that there would be no aboriginal veto over the project. Indigenous communities insist they have the final say over projects which would cross their land.More: Canada won’t appeal ruling that overturned pipeline, to consult morelast_img read more

Korea Electric writes off investment for planned Bylong Valley coal mine in Australia

first_imgKorea Electric writes off investment for planned Bylong Valley coal mine in Australia FacebookTwitterLinkedInEmailPrint分享Newcastle Herald:The South Korean energy company that spent a decade trying to start a coal mine in Bylong Valley has written off the project and nearly 700 million Australian dollars.KEPCO’s board marked down the value of its Bylong mining rights from $Aus642 million to zero in a report to the South Korean stock exchange in early January, despite the Australian arm of the company seeking a judicial review against the coal mine’s refusal in September.The South Korean state-owned company has also marked down the value of the 13,000 hectares of Bylong Valley land it owns between Denman and Mudgee by $45 million, after paying $115 million for properties since 2010, when it paid more than $400 million for the mining license.Analyst Tim Buckley, from the Institute for Energy Economics and Financial Analysis, said the write-off “doesn’t mean that KEPCO has walked away, but it clears the deck should they formally decide to walk.”Mr. Buckley said KEPCO documents showed the parent company made a net loss of $Aus1.158 billion in the nine months before September, when the NSW Independent Planning Commission rejected the Bylong coal mine proposal, in part because its greenhouse gas impacts would leave future generations paying the price for contemporary benefits. KEPCO’s total debts were more than their total equity value, which is “not a great position to go investing in yet more stranded assets,” Mr. Buckley said. “That is particularly at a time when the South Korean Government is re-prioritising its energy policy away from coal towards renewables and liquefied natural gas on rising pollution pressures,” he said.KEPCO planned to run an open cut and underground mine complex for 25 years and mine up to 6.5 million tonnes of coal per year for use in the domestic Korean energy market.[Joanne McCarthy]More: KEPCO says Bylong mine proposal has no value after refusal in Septemberlast_img read more

What’s next?

first_imgThe other day, when I was telling a friend about an epic 34-mile run I had done over the weekend, she asked, “So what is it that you’re not training for?” To her, the idea that I would go out on that kind of run just for the heck of it was incomprehensible. I guess that for her, the purpose of running is to get fit for an upcoming race. As I think about that concept, it occurs to me that many runners feel that way. They seem to view their running as stepping stones from one race to the next.I can’t count the number of times I’ve been at an event and after finishing, before the sweat has even dried, been asked, “So what’s next?” Sometimes runners will ask this question before the race, at the pre-race dinner or even at the starting line! I get the sense that in their minds they have already moved beyond the race that is occurring today, the one they have been training for and focusing on for weeks or months, to the next challenge. When I respond that I don’t know, they look at me as if I’ve lost my mind. There are even more questions when I’m volunteering or crewing at a race –Why aren’t you running? Are you injured? What are you training for?I’m as goal-oriented as the next gal, but I believe that when we get overly caught up in future plans, something gets lost. We lose the moment, the here-and-now, and therefore, the essence of running.I recently stumbled across an old copy of The Zen of Running. Published in 1974, it is all you’d expect it to be – full of new age peace-and-love-and-harmony. Something you’d be more likely to find on a spiritual guru’s bookshelf than that of a serious runner. If I took it to a Tuesday night workout, I’d be laughed off the track. Yet there are some nuggets of truth in there. Hearing the author, Fred Rohe’, describe running as a joyful activity, “running free and easy, loping loosely and lightly – dancing!” I am reminded about the importance of being fully present for every run. I try to embrace each run as if it could be my last, not as a chore, something to trudge through, but as a gift.Similarly, a race is something to be cherished. I remember years ago, after a big victory, many people asked me, “What’s next?” What challenge would I take on? What record would I try to crush? In short, what was the next step in proving my dominance and establishing myself among the nation’s elite? One friend, however, gave me some of the most sage advice I’ve ever received. He told me simply to savor this experience, not to think ahead. He knew that as soon as I began to look forward to the next challenge, the present accomplishment would be lost.This is something Rohe’ knew as well. He reminds us that “…in any life joy is only known in this moment – now…you are not running for some future reward – the real reward is now!” So when you see me out there, racing or recovering, jogging or going anaerobic, don’t bother asking, “what’s next” – I probably won’t have an answer.last_img read more

Hot Cold-Weather Threads

first_imgPhoto by Seth Hughes, styling by Krista CrabtreeIf it dumps, you need waterproof material, and if the temps plummet, you need insulation.Men: Arc’teryx Rush Jacket ($550; arcteryx.com) and Sabre Full Bib Pant ($525); Patagonia Men’s Piton Pullover ($99; patagonia.com); Marmot Lightweight 1/2 Zip ($55; marmot.com) and Midweight Bottom ($45)Women: Patagonia Mixed Guide Hoody ($299; patagonia.com) and Mixed Guide Pants ($299); Patagonia Women’s R1 Hoody ($149); Smartwool Lightweight Asymmetrical Zip ($95; smartwool.com) and Lightweight Bottom ($85)last_img

Trout Towns: 8 Fly Favorites

first_imgWhat makes a trout town? Does it hinge solely on an area’s proximity to coveted rivers, lakes, and streams? Or is it the confluence of top-notch anglers and a vibrant fishing culture?Personally, I tend to seek out the latter when searching for the next best destination for a multi-day fly fishing excursion. For me, true fly fishing culture requires more than a blue-ribbon stream on the edge of town. It needs fly shops and businesses on Main Street, wayward trout bums wandering the streets at questionable hours, and the obligatory craft brewery (or five).While the scene I’ve just described may sound like something out of a short story by John Gierach set somewhere in the Intermountain West, these places actually exist right here in our Blue Ridge backyard. Appalachia is teeming with world class trout fisheries and vibrant mountain communities whose economies are driven by fishing. They span the entire region, dotting the landscape like spots on a native brookie. They’re in places like Southwest Virginia, Western Pennsylvania, North Georgia and the mountains of Western North Carolina—the last of which could easily be called the epicenter of the East Coast fly fishing scene. Here are a few favorite Blue Ridge trout towns.Sylva NC Trout FishinhgPhoto By Sam Dean / Brookings AnglersSylva, North CarolinaWith three in-town fly shops and more nearby honey holes than you can shake a four-piece 5 weight at, Sylva, North Carolina is a bonafide fly fishing paradise. It is the county seat of Jackson County, North Carolina, which boasts the famed Western North Carolina Fly Fishing Trail and an annual trout stocking rate somewhere in the neighborhood of 92,000. That’s roughly thirty five times more stocked trout every year than people living in the town of Sylva, so your chances of netting a fish are pretty good in Jackson County. When your day on the water is done, Sylva offers numerous restaurants and boasts one of Western North Carolina’s best craft breweries in Innovation Brewing.Fish here: Without a doubt, the most popular trout waters near Sylva flow through the Tuckasegee River—more commonly referred to by locals as the “The Tuck.” This wide flowing river, suitable for both wade fishing and float trips, rises in the Panthertown Valley before eventually finding its way into Lake Fontana. One of the most fishable, delayed harvest stretches of the Tuck lies between the Highway 107 bridge and Dillsboro park. Access to this amazing stretch of trout laden free stone can be gained via numerous pull offs and parking areas along North River Road. For more information about fly fishing near Sylva and in the Jackson County area, check out flyfishingtrail.com/fishing-spots.Stock up on gear / beta here: Brookings Anglers49 Pillar Dr. Cashiers, N.C.Tuckaseegee Fly Shop530 West Main Street, NCBrevard, North CarolinaBrevard, North Carolina is a heralded hot spot for all manner of outdoor adventure, but fly fishing is undoubtedly one of its biggest draws. One look at a map of Brevard and its immediate surroundings and it’s easy to see why. For starters, there’s the gin clear Davidson River, which flows past the entrance to Pisgah National Forest and parallels Highway 276 for several miles. This river was famously named one of America’s best 100 trout streams by Trout Unlimited, but it’s only the tip of the iceberg when it comes to fly fishing in Brevard and the surrounding terrain of Transylvania County. Dig a little deeper and you’ll find that such go-to trout waters as the East, North, and West Forks of the French Broad River along with Avery and Looking Glass Creeks are all within striking distance of this Blue Ridge mountain town. In addition to quick fishing access, Brevard beckons anglers with great local fly shops and guides such as Davidson River and Headwaters Outfitters, and it’s home to the Flymen Fishing Company, purveyor of high quality fly tying materials. On the libation front, Brevard is covering all its bases and then some with nationally renowned Oskar Blues Brewing and smaller local favorites like Brevard and Ecusta Brewing Companies.Fish here: Ditch the throngs of anglers often found along the banks of the more popular and notoriously tough-to-fish Davidson and head for the smaller but equally productive Avery Creek. This tributary of the Davidson serves as critical spawning habitat for both brown and rainbow trout and is open to fly fishing year round. From Highway 276, it’s accessible via Pisgah Stables Road and then on foot by way of the 2.3-mile Avery Creek Trail. When the Davidson is flowing high and muddy, this small trib is a proven go-to.Stock up on gear / beta here: Davidson River Outfitters49 Pisgah Hwy #6 Pisgah Forest, N.C. Headwaters Outfitters25 Parkway Rd. Rosman, N.C.The Hub and Pisgah Tavern11 Mama’s Place Pisgah Forest, N.C.Photo By Sam Dean / Brookings AnglersBryson City, North CarolinaIn all of my wanderings throughout Western North Carolina, I’ve yet to find a community that more genuinely deserves the moniker of “Trout Town” than Bryson City. Nestled in the North Carolina portion of the Great Smoky Mountains not far from the cold, trout-rearing waters of Fontana Lake, Bryson City sits perched on the edge of the aforementioned Tuckasegee River. Anglers looking for delayed harvest fishing on the Tuck don’t even have to leave the downtown area, but venturing beyond the city limits is well worth the effort. Other nearby options include the Nantahala River, the Little Tennessee, and the Oconaluftee, not to mention the miles of blue lines hiding in more remote sections of nearby Great Smoky Mountains National Park.Once you decide that it’s time to hang up the waders and hit the town, head for the Nantahala Brewing Company. This downtown Bryson City staple has been putting out stellar craft concoctions since 2009. They’re known throughout the region for such flagship staples as the Noonday IPA, the Dirty Girl Blonde, and the App Trail Extra Pale Ale, and they recently opened a brew pub just a few blocks down from the original tap room on Depot Street.Fish here: For wild trout, leave the comforts of town and head for Great Smoky Mountains National Park. Deep, Hazel, and Eagle Creeks are all great backcountry honey holes, but they only scratch the surface of what this park can offer intrepid anglers who are willing to venture off the beaten path.Stock up on gear / beta: Tuckaseegee Fly Shop3 Depot St. Bryson City, N.C.Endless River Adventures14157 W Hwy 19 Bryson City, N.C.Fly Fishing in the Smokies157 Everett St, Bryson City, NCBlue Ridge, GeorgiaThe North Georgia mountains have long served as a respite for nerve-shaken and overcivilzed urbanites from nearby Atlanta and other population centers throughout the Southeast. While the entire northern region of Georgia is a fly fishing destination in its own right, the tiny town of Blue Ridge, located in Fannin County, is its undisputed trout capital. One stroll along this tiny mountain town’s Main Street and you’ll encounter two high end fly shops, a fishing inspired inn, and the workshop of world-renowned bamboo rod maker Bill Oyster. Beyond fly fishing-related businesses, downtown Blue Ridge boasts a small, locally-owned outdoor shop called Blue Ridge Mountain Outfitter and three craft breweries, Fannin Brewing Co., Grumpy Old Men Brewing, and Blue Ridge Brewery.Fish here: The Toccoa River is home to some of Fannin County’s biggest trout, and it’s widely known for offering some of the Peach State’s best fly fishing opportunities. You can access the upstream section via the U.S. Forest Service’s Deep Hole Recreation Area or hop on the downstream portion from Blue Ridge Dam to where the lower Toccoa crosses into Tennessee.Stock up on gear / beta:Fly Shop Co.3801 East 1st St – Blue Ridge, GAReel Em InBurnt Mountain Rd. – Ellijay,GAAbingdon Virginia Trout FishingPhoto By Sam DeanAbingdon, VirginiaWhen it comes to the outdoors, Abingdon, Virginia may be best known as the home of the popular Virginia Creeper Trail, which runs through the heart of town and continues on to nearby Damascus, or for its proximity to Grayson Highlands State Park, Mount Rogers National Recreation Area and the Appalachian Trail. But in recent years this tiny trail town has been flying under the radar as the hub of Southwest Virginia’s robust fly fishing scene. One look at a map of nearby rivers and it’s easy to see why. Closest to town is Whitetop Laurel Creek. This trout-laden freestone, which parallels both the Virginia Creeper and the Appalachian Trail for long stretches, is widely regarded as one of Virginia’s best trout fisheries because it’s known to harbor 20-inch brown trout and a thriving population of wild rainbows. Beyond Whitetop you’ll find such fisheries as the South Fork Holston River, Big Wilson Creek in the Mount Rogers Recreation Area, and the New River of nearby Grayson County.Fish here: Whitetop Laurel Creek is up there with some of the best wild trout rivers in the entire Southeast. For anglers, the place to begin on Whitetop is the 6 miles of stream that flows below Konnarock, Virginia, beginning at Creek Junction, near the confluence of Whitetop and Green Cove Creek. This marks the beginning of a 6-mile artificial only stretch where all trout smaller than 12 inches must be released. This stretch can be accessed by way of Creek Junction Road, about 25 miles southeast of Abingdon. Those in the know say that prime time on Whitetop is during the spring months when feeding trout will rise for just about any kind of dry fly you can throw at them.Stock up on gear / beta here:Virginia Creeper Fly Fishing16501 Jeb Stuart Hwy. Abingdon, VA.Boone, North CarolinaBoone, North Carolina is a bonafide adventure hub, boasting some of the best mountain biking, hiking and rock climbing you’ll find anywhere east of the Rockies, and the High Country surrounding Boone is veined with some of Western North Carolina’s most productive trout waters. In terms of tailwaters, the Boone area offers both the Watauga and the South Holston Rivers. Anglers looking for smaller creeks and streams should consider Beech Creek, Boone’s Fork Creek, Laurel Creek, Dutch Creek, and the Middle Fork of the New River, just to name a few. Don’t despair when your day on the trout waters of the Western North Carolina High Country is done because non-fishing related fun abounds in Boone. I’d suggest starting your tour of Boone’s food and drink scene with a visit to Appalachian Mountain Brewing whose Long Leaf IPA is one of the best in the business.Fish here: The width of the Watauga River and the openness of its banks as it flows through Valle Crucis separate this river from its Southern Appalachian counterparts. More reminiscent of the type of rivers found out west than those typically located in the Blue Ridge Mountains, the conditions found on this stretch of water are a welcome respite for the rhododendron-weary fly fishers. In Valle Crucis you’ll find ample public fishing access leading to rainbows, browns and the occasional brookie. From October 1 to June 5, this portion of the Watauga becomes a designated Delayed Harvest stream, which means all netted trout must be released to fight another day.Stock up on gear / beta here:Due South Outfitters2575 NC-105 Suite 60 Boone, N.C.Foscoe Fishing Company & Outfitters8857 NC-105 Boone, N.C.Best Trout TownsHarrisonburg, VirginiaHarrisonburg, Virginia is a town of just over 50,000 nestled in the heart of the Shenandoah Valley between the George Washington and Jefferson National Forest and Shenandoah National Park. It’s location alone makes it a desirable destination for anglers from all over the East Coast, and the recent relocation of venerable guiding service and outfitter Mossy Creek Outfitters has infused this bike-crazy town with a healthy dose of fly fishing culture. When the fishing is done, head over to Pale Fire Brewing or Brothers Craft Brewing for some of the Shenandoah Valley’s best hand-crafted beer.Fish here: First opened to the public in 1978, Mossy Creek, the namesake stream of Mossy Creek Outfitters, is one of Virginia’s best spring creeks. This limestone creek carves a path through a picturesque pastoral setting and harbors undulating masses of aquatic vegetation, swift runs, and steep drop-offs. It is a challenging waterway that some anglers dedicate a lifetime to, but those who crack the code are often rewarded with 25-inch brown trout hook-ups.Stock up on gear / beta here:Mossy Creek Fly Fishing480 E Market St. Harrisonburg, VA.LEWISBURG, WEST VIRGINIASituated in the heart of the Greenbrier Valley near the banks of the Greenbrier River, Lewisburg, West Virginia is a great place to start when seeking out Mountain State trout. The valley where this trout town lies offers easy access to long stretches of the Greenbrier and Meadow Rivers along with their cool-water, trout friendly tributaries. One such tributary is Anthony Creek, located just north of town in the Monongahela National Forest. Here you’ll find clear water featuring long runs and deep holes that harbor healthy populations of brown, brook, and rainbow trout thanks to steady stocking schedules. Reasons to visit Lewisburg don’t begin and end with fly fishing. This town is offering up options for foodies, outdoors enthusiasts, and shoppers alike. For a taste of the Mountain State’s brewing scene, head to Greenbrier Valley Brewing Company. If you’re looking for a place to stay, consider pitching a tent at the Greenbrier Valley Campground just 15 minutes from downtown Lewisburg.Fish here: A stocked stream known for its large brown trout, the gravel-bottomed and spring-fed Second Creek is designated by the state for fly fishing only. To access this stream, head to the tiny town of Ronceverte, just ten minutes from downtown Lewisburg, and head south on State Road 219 to County Road 65. Continue on until you reach County Road 62 and hang a right. This will eventually lead you to the low-water bridge and the beginning of the special regulations area of Second Creek.Stock up on gear / beta here:Serenity Now Outfitters829 Washington West Lewisburg, W.Va.last_img read more

Over 6,000 acres added to Tennessee’s Justin P. Wilson Cumberland Trail State Park

first_imgThe effort to conserve the Lone Star Property received tremendous support from the local community, including a generous grant from the Cumberland Trails Conference and a major fundraising effort led by TennGreen that secured donations from hundreds of individuals totaling roughly $160,000. Black Mountain, the segment just south of Lonestar near Justin P. Wilson Cumberland State Park area – photo by Chuck Sutherland “This is one of our most distinguished state parks, and this acquisition will only add to the park’s prestige,” TDEC Commissioner David Salyers said in a release. “We are grateful to our partners for helping us expand the reach of this park, and we know Tennesseans will enjoy the benefits of this addition.”  In a TDEC press release, the organization stated that the land, known as the Lone Star property, will support wildlife habitat and native ecology and will be a critical connecting point for the Cumberland Trail, Tennessee’s first “linear park,” which runs through 11 counties and two time zones. The land will be used to develop a significant segment of the Cumberland Trail, eventually connecting Ozone Falls State Natural Area to existing state-owned land.  Tennessee Gov. Bill Lee and the Tennessee Department of Environment and Conservation (TDEC), in partnership with The Conservation Fund, TennGreen, the National Park Service and the U.S. Fish and Wildlife Service, announced on Monday the addition of 6,229 acres to the Justin P. Wilson Cumberland Trail State Park. When completed, the Cumberland Trail will extend more than 300 miles from Cumberland Gap National Historic Park to is southern terminus at the Chickamauga & Chattanooga National Military Park just outside Chattanooga.  “For people and nature to thrive, habitats need to be protected, enhanced, and restored,” Steve Law, executive director of TennGreen, said. “Our forests and lands along streams on the Cumberland Plateau are critical to conserve because they provide essential habitat to a wide range of wildlife, fish, and plant species. We’re grateful to our partners and our fellow conservationists for making this decade-long dream a reality.”last_img read more

Critics’ Week In Cannes: An Atypical Latin American ‘Harvest’

first_imgBy Dialogo April 27, 2009 I saw Camilo Matiz 1989 is one of Vincent Gallo’s best preformances, the film is amazing! a must!! Movies from Chile, Uruguay, Colombia, Brazil and Paraguay have been selected for the 48th Critics’ Week at the Cannes Festival, which from 14 to May 22 will give ample space to the Latin American film industry with an “atypical” proposal. ‘Huacho’ by Chilean Alejandro Fernández Almendras and ‘Mal Día Para Pescar’ by Uruguayan Alvaro Brechner are among seven films in competition for the selection of the Critics’ Week competition. Although in the official selection in competition Latin America is conspicuously absent, the representation of the region’s cinema is important in this edition of the Week. Besides the films selected in competition, the programming includes ‘1989’ by Colombian Camilo Matiz and the shorts ‘Noche Adentro’ by Paraguayan Pablo Lamar and ‘Espalhadas Pelo Ar’ by the Brazilian Vera Egito. The delegate general of the Week, Jean-Christophe Berjon, told AFP that this year’s “harvest” of Latin American cinema was atypical. Berjon said of the absence of Argentinean and Mexican movies, “usually the two most interesting countries in the region regarding their cinematic offerings,” “The reasons are different for the two. In the case of Mexico, it is because the films are not finished and most of the releases will be in mid-autumn,” he said, adding that “in any case, representation is important for other countries where cinematography is becoming more creative.” From Chile, ‘Huacho’ is the “wonderful and exciting story, classified between film and social documentary, of a day in the life of a family,” he said. On the other hand, ‘Mal Día Para Pescar’ is “a film which is the “pleasure-movie” of the selection. It is film about a great scam with elements of western and folk history. It is beautifully constructed from A to Z; it is brilliant and makes you dream on. It is a Latin American work that is not usually seen these festivals,” he said. The Colombian mid-length film ‘1989’ will have the honor of closing the selection. “Colombia is another country bursting with film creativity,” he said. “The actor in ‘1989’ is the American Vincent Gallo. Matiz had the courage to deal with him when Gallo was shooting in Argentina with Francis Coppola; he gave him the script to read, and convinced him to act in his film, which is “brilliant, inspired, vital,” he said. As for the shorts, we find in Paul Lamar in “the same radical film idiom of ‘Oigo Tu Grito’ which we presented last year, and we were interested in following the evolution of the film. This year was also one of the more solid ones,” he said. Brazilian Vera Egito “presented two very interesting films produced in a year in which we decided not to bring her in competition, but to schedule both movies to spotlight not a work, but the filmmaker. It is a way of saying ‘follow this filmmaker, and give her the best resources to work with, because she is brilliant,” he explained. Berjon noted that the Week presents a limited number of films, despite receiving nearly 900 proposals. “It’s a choice we made to emphasize our specificity. We have a less voluminous selection because movies, especially first or second works, are fragile, and our role is to accompany and protect them as much as possible.” This time, they are all early works, except one, ‘Altiplano,’ the second movie co-directed by American Jessica Woodworth, who resides in Belgium, and Belgian Peter Brosens, “a strong and bold proposal that impressed us” in which Latin America is also very present. “Despite being a Belgian film, in it she speaks more in Quechua and Spanish than French or Flemish, and it was partly filmed in Peru,” he said. The purpose of Critics’ Week, the oldest parallel section of the Cannes Film Festival, is the discovery and promotion of young cinematic talents. The directors announced included Alejandro González Iñárritu, Bernardo Bertolucci, Barbet Schroeder, Ken Loach, François Ozon, and Wong Kar Wai.last_img read more