Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Whether MCC to Seek Changes Against Predicament After Sending Away a Painful 2012

Hong Kong, Jan 28, 2013 - (ACN Newswire) - 2012, for the listed company MCC, is a year attracting more attention from the capital markets and also a year with unceasing pains.

The progress of overseas resources projects, as the development highlights of MCC, was hindered. For example, the development progress of its Aynak Copper Mine Project in Afghanistan slowed down due to the excavation of relics and other problems; and the Cape Lambert Iron Ore Project in Australia had always stayed in the earlier stage of feasibility study and preparation. The interim report disclosed that the provision for impairment of mining rights of this project amounted to RMB1.8 billion, resulting in loss of MCC in 2012 interim report. Then, the third quarterly report stated that the project company was proceeding with the introduction of strategic investors.

"Since the accumulated costs of Western Australia SINO Iron Ore Project, as one of the representative projects for MCC's overseas engineering development, have exceeded the current contract value agreed by the customer, there is a significant uncertainty surrounding this matter in respect of whether losses would eventually arise on the contract, which depends on the results of the special purpose audits to be undertaken on the contract costs incurred and the relevant negotiations", the opinions expressed in the 2011 annual auditors' report of MCC were unqualified with a paragraph of emphasis of matter.

What affected MCC more were the continued losses and insolvency of Huludao Nonferrous. Huludao Zinc Industry, a listed company controlled by Huludao Nonferrous, had recorded loss for two consecutive years due to overdue loans and ceaseless litigations and disputes, and had little hope of recovery in 2012. If no unexpected events occur, Huludao Zinc Industry will be suspended from trading this year and confronted with the risk of delisting. MCC stated in its announcement that, on 31 December 2012, it transferred its 51.06% equity interests in Huludao Nonferrous to MCC Group. Is the transfer a prelude for MCC to completely get rid of the problems with Huludao Nonferrous? However, the announcement also emphasized that, on 31 December, MCC still retained a claim of RMB7.77 billion on the Huludao Nonferrous Group, and the value of such claim may decrease significantly.

For the aforementioned, 2012 is really the most difficult period for MCC. Recently, the writer noted on the website of MCC that, from 12 to 13 January 2013, MCC held the 2013 working conference in Beijing at which MCC clarified the work focus for 2013 to be highlighting reform and development, proposed the struggle objective of "focusing on the principal business of MCC and constructing a 'better MCC'", and stressed the focusing on principal business, scientific development, strengthening management and bold reform and innovation. It seems that after the difficult period of 2012, the most urgent task for MCC has become the seeking for changes against predicament.




Copyright 2013 ACN Newswire. All rights reserved.

About ACN Newswire
Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
RackWare is a privately held company focused on delivering solutions to easily and cost-effectively enable the use of cloud for today’s enterprises. The company was founded in 2009 by entrepreneurs with extensive experience delivering enterprise-class products in the server, stor...
Ixia develops amazing products so its customers can connect the world. Ixia helps its customers provide an always-on user experience through fast, secure delivery of dynamic connected technologies and services. Through actionable insights that accelerate and secure application an...
In his session at 15th Cloud Expo, Mark Hinkle, Senior Director, Open Source Solutions at Citrix Systems Inc., will provide overview of the open source software that can be used to deploy and manage a cloud computing environment. He will include information on storage, networking...
Founded in 2009, after graduating from the TechStars program, SendGrid has developed a cloud based service that solves the challenge of email delivery by delivering emails on behalf of companies. SendGrid eliminates the complexity of sending email, saving time and money, while pr...
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

GLEN ELLYN, Ill., Aug. 22, 2014 /PRNewswire/ -- This week Inc. magazine announced its annu...