In addition, we recognized a gain of $37 million on the revaluation of the financial liability due to the effect of changes in interest rates for the preferential dividend stream relating to Empresa Nacional de Mineria's (ENAMI) interest in QBSA
Teck, SMM, and SC will guarantee QBSA
's obligations under the 12-year facility on a several basis until project construction is complete.
Result given by QBSA where used in a custom-made MathCAD application, made by authors, for determining the total elastic displacement of a prismatic joint subjected to loads.
Because of the construction similarities between cam-followers and bearings, the authors used as analysis platform the QBSA software which is dedicated for bearings behaviour evaluation.
To escape permanent exclusion, Mr Dinsey relied on s 56AD(6) of the QBSA Act to argue there was only one company event.
The Appeal Tribunal held that where a licensee under the QBSA Act is a director or influential person of companies within a group of companies and a controller, administrator or liquidator is appointed to the group of companies, the appointment is to be regarded as a single company event within the meaning of s 56AC(6) of the QBSA Act.
Following closing of the transaction, Teck holds a 60% indirect interest in QBSA
and Empresa Nacional de Mineria continues to hold a 10% carried interest.
On December 4, 2018, our Board of Directors approved the QB2 project for full construction and we announced a transaction with SMM and SC to subscribe for a 30% indirect interest in QBSA
, which owns 100% of the QB2 project.