Archive for the ‘Landscaping Stone’ Category

Stones Rewarded For Yard Work

landscaping.gif”>The yard of Rick and Terry Stone, 1803 E. Howard St., has been named the June 2008 Yard of the Month by the Beautification Committee of the Pontiac Area Chamber of Commerce.

The Stones have resided in the house they built 14 years ago and every year has led to a little more of their landscaping touches.

While not too much of the front yard can be seen because of a privacy hedge along Illinois 116, the open areas at both ends of the curved driveway give a glimpse of the beauty within.

“While the hedge does shut off a lot of view it also has its advantages in that it cuts down a lot of traffic noise from the roadway,” said Terry Stone.

One thing that cannot be overlooked is the unique driveway paving material chosen by the Stones. The off-red gravel-looking material is named “rotten granite” and gives the large curving driveway its own special soft color very different from routine run-of-the-mill white or gray gravel.

Knock-out roses in a deep red are repeated throughout the yard along the front, back and side.

“The roses have done so well and bloomed so profusely this year. I have lots of daffodils which did not bloom that well this year and I was afraid other perennials might follow the same course,” she said. “Instead what a pleasant surprise it has been with the roses and a few others, including the purple perennial salvia.”

“I have also been a little disappointed that more perennials like black-eyed Susans and purple coneflowers are so much later this year. I’m guessing the cold and wet spring has put everything a little behind,” she said.

Rick Stone’s project this spring has been starting some maple trees from maple “helicopter” seeds that blew into the yard.

“While the seedlings look good, they are still small, it’s too early to tell how they will do once set into the landscape as trees,” she said.

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Monday, June 16th, 2008

Alderman Donates Park Arch

The Canal Port Park has become the perfect stop for those looking to take in nature and history while walking along the I&M Canal — much of which is thanks to Alderman Ken Sereno and his wife Joan.

About two weeks ago a new addition was added to the park on Illinois Avenue. A steel arch was put up over the stone entryway to the replica canal boat the Heritage.

The Serenos had it made by Crown Concepts Corporation, a metal and welding shop. Because Sereno is a repeat customer and Crown Concepts is part of the community, the company cut Sereno a break on the cost, he said. The Serenos purchased it for about $4,500.

The arch features cut outs of squirrels, birds and other animal and plant life that is natural to the area. The top of the arch has a cut out that states “Canalport Park.”

“I spent 48 years working and didn’t donate much then so I thought it’s time to give back to the community,” Sereno said.

The Serenos are doing more than enough to make up for lost time. Just last November they had a steel sculpture of a horse pulling a buckboard full of barrels made and put in the park. It represents what would have been seen along the canal 100 years ago. It cost the Serenos about $5,300 and was also made by Crown Concepts.

In addition Sereno helped with the cost of the mural near the park on the Cal’s printing building at 123 Illinois Ave.

“It’s coming along beautifully down there with the butterfly garden, stone (entry) and the things from Ken and Joan,” said Mayor Dick Kopczick during the June 2 Morris City Council meeting.

Several other community members have also donated to the park including City Engineer Warren Olson, who designed a butterfly garden in memory of his wife Karen Olson. The park was dedicated September 30, 2006.

The Tom Delockery family also donated the garden between the bank wall (put in by the city) and the landscaping stone (donated by Olson) against Calhoun Street.

Sereno said the park holds the memories of the city’s history and he hopes visitors take time to think of Morris’ past while enjoying the park.

Although most would say he has done more than his share of donating, Sereno said he isn’t quite sure he’s done yet.

“The more we have here the more people will come down and look at the mural and the boat,” Sereno said.

Sereno said he is working on a project for Jim and Carol Baum’s new Canal Port Community Center. The Baums recently purchased the old Coleman Hardware Company building on the west end of Illinois Avenue. They plan to remodel the building and divide it into condominiums for the area’s non-profit organizations.

The building’s old concrete chimney sits on the side of the building right now. Sereno said he’d like to incorporate it into a flag stand for the building. The original part of the building is about 135 years old so the chimney is historic, Sereno said, and should be preserved.

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Monday, June 16th, 2008

??Gcc Landscaping Business Set To Double To Aed 60 Billion By 2010??

Spurred by the boom in the regional construction industry, landscaping projects in the region comprising commercial and residential landscaping design and maintenance are set to double in volume to exceed AED 60 billion by 2010 according to UK’s CMPi, organizers of Gulf Landscaping. The event is scheduled to take place at the Abu Dhabi National Exhibition Centre from 17th to 18th November 2008.

Landscaping in the GCC is a competitive business fraught with high competition, shrinking profits and high capital expense. “With the advent of international players, regional landscape designers and builders are realizing that there’s more to growth than sunshine, soil and water,” said CMPi Group Director, Chris Fountain.

Spurred by the boom in the regional construction industry, landscaping projects in the region comprising commercial and residential landscaping design and maintenance are set to double in volume to exceed AED 60 billion by 2010 according to UK’s CMPi, organizers of Gulf Landscaping. The event is scheduled to take place at the Abu Dhabi National Exhibition Centre from 17th to 18th November 2008.

Landscaping in the GCC is a competitive business fraught with high competition, shrinking profits and high capital expense. “With the advent of international players, regional landscape designers and builders are realizing that there’s more to growth than sunshine, soil and water,” said CMPi Group Director, Chris Fountain.

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Mr. Fountain noted that the GCC is beginning to value the outdoors and landscaping professionals are now in big demand. “Driven by the construction boom, many households have increasingly turned to landscaping services to design, develop and maintain their investments while landscaping contractors are learning how to grab their share of this high growth market,” he said.

Gulf Landscaping is an exhibition for the booming Middle East outdoor design and landscaping architecture industries. The event is designed to generate business leads for companies in the landscaping business.

The exhibition will serve as a sourcing platform and networking event for the regions landscape architects, developers, contractors and other key buyers, to enable them to select products, services and solutions for the huge number of major developments in the commercial, retail, leisure and residential sectors, as well as city parks and highways.

The event will be co-located with Working Buildings Middle East and Fit-Out Middle East to enable those involved in the development and delivery of this major growth industry to meet their landscaping and outdoor architecture needs in one visit.

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Thursday, June 5th, 2008

Kalamazoo College Volunteers Give Back, Help Neighborhoods

Dirty hands and clothes couldn’t dampen the spirits of volunteers planting flowers, fixing porches and building community spirit Saturday on Adams Street.

The work was part of Kalamazoo College’s first Day of Gracious Giving, a program to help mark the school’s 175th anniversary.

Students, alumni and faculty volunteered to work on five community-service projects, from home repair to landscaping to preparing meals for the homeless.

On Adams Street, in the Oakwood neighborhood, there were some 150 students doing repairs on 15 homes.

“I really wanted to get involved in the community like I did back home,” said Allie Sachnoff, 19, a K-College freshman from Los Angeles, who was painting trim on a resident’s house.

“It gives students a chance to get out and do something (worthwhile) outside of the classroom.”

Another service project brought together volunteers to do landscaping, painting and yard cleanup in six different neighborhoods.

“It’s a really neat program,” said resident Cheryl Arendt, 42, who had a stone garden built in the backyard of her home on Adams.

She said she didn’t know if the project would be completed, but “Everybody really came out to support this project.

“People are congregating, going from house to house,” she said. “It’s the community, residents and students coming together to beautify the streets.”

Other projects volunteers tackled Saturday were:

Renovating two houses on Phelps Street in the Eastside neighborhood. Tutoring, mentoring, conflict-resolution and after-school programming will be offered at the homes once the work is done. Volunteers also cleared an area of debris for a playground for youths.

Removing trash and growth from a local creek between Academy and Lovell streets.

Preparing food, serving it and then cleaning up after lunch at Ministry with Community.

Cleaning up yards on Hoover Street.

Janice Lakers, 63, who lives on Adams, said she appreciated the work students did in building a new front porch at her home.

“Wow, it’s great,” she said.

Lakers moved back to Kalamazoo in 2005 after teaching singing in the Netherlands for 22 years.

“It great to get to know my neighbors and that the students came out to help,” she said.

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Monday, May 19th, 2008

Build Your Own Backyard Oasis

For the DiCarlo family in LaGrangeville, staying at home is the next best thing to vacation - thanks to their backyard pool and entertainment area.

Dan DiCarlo said the family had Verbank-based NeJame Pool Specialist Inc. install a pool and expansive deck soon after buying the house, about three years ago.

DiCarlo said the pool is central to his family’s summer recreation.

“Although we do vacation and take trips, it’s like having a vacation spot right in the backyard,” he said. “It’s a family-oriented healthy activity our family uses on a virtually daily basis. We open the pool (in May) and don’t close it until after the kids go back to school.”

Building a pool is a major construction project, a commitment in terms of time and expense. There are often multiple phases, so long-term planning is very important.

“People should be thinking about the whole landscape picture … have a plan for the whole future,” of the property, said Jack Kind, owner-president of Poughkeepsie-based Kind Pools, a family business since 1972.

Kind said when he meets with prospective clients, the initial consultation is often like an interview. He asks about expectations, how the customer expects to use the pool and the overall budget.
Discuss costs

Chris NeJame, president of NeJame Pool Specialist, a family-run business since 1958, said homeowners must prepare themselves for these discussions and costs.

“The pool is just a part of the expense. You still need fencing, electrical, water, landscaping, hardscapes, softscapes, etc., to make that overall backyard scene what you are visualizing in your head,” NeJame said

NeJame said his approach to building a backyard oasis is to start with the homeowner’s project budget and working backward to determine what the contractor and homeowner can best do with that number.

First, the homeowner must be sure there is enough property, including setback space, for the pool and construction equipment.

Although a reputable contractor will likely apply directly for the required permits, homeowners may want to call their town government and get a sense of the applicable zoning and setback laws very early in the process to be sure it’s permissible.

NeJame drew a distinction between being in-formed and trying to coordinate such a large project yourself, saying it’s much better to find a single builder who can handle several aspects of the project.

“Most homeowners should not be general contractors,” NeJame said. “It’s too involved and they wind up costing themselves too much money. They try to save money by having Tom do the deck and Paul do the pool and John do the landscaping and then you have one contractor stumbling over another and it can become a problem.”

Kind said to allow at least 40 feet by 60 feet or more for the pool area itself and suggests this is best in a backyard of at least a half-acre.

The shape, style and size of the pool is obviously a fundamental decision. Included with this choice is the material. Common choices for pools include fiberglass and polymer prefabricated pools, gunite (sprayed and shaped cement forms) and steel-wall pools. The finishing surfaces for each type vary.

Contractors may specialize in one or all of these forms, and opinions vary on suitability for the local climate and soil conditions.

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Monday, May 19th, 2008

Trustees Approve Fitness, Health And Wellness Center Construction

Construction of the new Fitness, Health and Wellness Center is scheduled to begin in June 2008. Trustees approved the $14.75 million project at their May 10, 2008, meeting in Brunswick.

Plans call for a four-level, 44,659 square feet addition to the Morrell Gym complex that will dedicate a shared facility to benefit mind, body and spirit practices by housing exercise rooms along with centers for health and wellness. Consistent with the College’s ongoing sustainability efforts, the project will seek LEED (Leadership in Energy Efficient Design) certification.

The new addition, which will replace a structure currently housing athletic department offices, will be sheathed in glass — reflecting the campus day and night, forming what the architect describes as a literal and figurative lantern: a beacon of fitness, health and wellness for the campus community.

The new Fitness, Health and Wellness Center is expected to be completed by August 2009. Its construction is the latest example of how Bowdoin and its physical campus are evolving to meet the demands of today’s students and campus community.

The new Center dedicates two full floors to fitness, comprising more than 14,000 square feet.

Taking the place of the existing Watson Fitness Center, this new exercise facility, with an expanded number of cardio machines, free weight areas and a three-story rock climbing wall, more than triples the amount of exercise space currently provided.

In 1995 when Watson Fitness Center opened, the College did not fully anticipate the explosion of students, faculty and staff dedicated to fitness and wellness.

No sooner was the renovation completed than the space it provided was found to be inadequate.

The new Fitness, Health and Wellness Center provided ample opportunity to pursue and realize health and wellness objectives.

The areas devoted to physical fitness will be located on the ground level and first floor.

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Thursday, May 15th, 2008

Todays Pools Are A Sophisticated Blend Natural Beauty And Outdoor Living

A pool is one of the most calming and soothing design elements you can add to your home. A pool provides pleasure, a fun setting for children to play and splash, and an opportunity to entertain poolside and share a beautiful setting with friends and family. The sound of water is always inviting and today’s pools ensure there will be a water feature – a fountain, a waterfall – in almost every new pool.

While there are still many traditional rectangular pools in this area, particularly in older, established homes, the newest trend is to mimic the landscape and create pools in all sizes and curving shapes that present a softer look, surrounded by decks, patios, gazebos, even temple-like structures that serve as a sheltered area for poolside relaxing, dining and entertaining.

Many of the pools being built today are more than just a pool. They are an extension of the back of the home, featuring outdoor cooking, entertaining and dining areas and lush landscaping, appropriate to the region where the family lives with their pool.

These settings are an elaborate and functional addition to one’s back lawn. People are creating, with the help of pool builders, exterior designers and landscapers, their own island of nature’s paradise.

Creating a regal look

Beto Garcia moved to Oklahoma City from San Antonio 24 years ago to join Blue Haven Pools, which was established in 1954. As general manager of the company, he has designed and built more pools than he can remember. Today, he is very attuned to the changing trends in pools and the landscaping, the outdoor cooking and living areas and special water features, which people want today in and around their pools.

“People are now wanting natural looking pools or ponds – something that can give you that outdoorsy feeling like a spa or a retreat,” Garcia says.

He cites a new look in different interior finishes in pools and a new technology. “In the old days, we put colored dye into the final interior finish,” he says.

Now, Blue Haven and other companies are achieving a spectacular effect that involves miniscule glass beads or glass tiles that come in a range of nature’s water colors,” Garcia says, “These beads or tiles are not affected by the water chemistry or the sunlight, which often gives an iridescent glow when the sun hits them,” he says.

“Whatever color you have chosen to dress your pool will give you either absorbing (black) or refracting (white) light.

This magnificent color lets homeowners imagine they are in the Caribbean, the South Pacific or Mexico,” Garcia says,

A year-round pool

Caleb McCaleb is president of McCaleb Homes, a second generation company founded by his father, Neal. Caleb’s home, which backs up to Lake Arcadia, has one of the most spectacular pools in the area.

“We wanted to create a graceful flow of water and designed a waterfall at the top that flows into the pool, which has a free-flowing shape. The back of the pool has an infinity edge that flows into a lower pool area, which also has an infinity edge, which is one of the latest trends in pools. When McCaleb Homes hosted its Dream Home Tour last year, he said nine of the homes featured had an infinity-edge pool.

The McCalebs also added a creek so it looks like the water is coming through the creek into the pool. They also added a salt water filtration system – another trend – in place of the traditional chlorine. “It’s soft, like a comfortable bath and doesn’t burn your skin or eyes like chlorine,” McCaleb says.

Today’s pools are using more natural materials, especially a lot of flagstone around the edge of the pool, where people like to sit. His beach-entry pool also features a tiny rock from Australia – pebbletech – that is mixed in the plaster. It’s not a loose sand material, but rather a plaster for finishing the pool. A lot of stamped or stained concrete is also being used around today’s pools, he says.

Two years ago, the McCalebs added a fire pit on the back side near the pool and also added more evergreens and a lot of cypress trees. “We wanted a northwest style of landscaping to complement the pool, he says.

McCaleb never closes his pool, “I think pools are eyesores in the lawn when they are closed down and tarped over. I use my pool all year long. The pool is the focal point of the back lawn, along with the outdoor kitchen and comfortable seating and I like a year-round landscaping look around the pool.”.

Antonio Aparicio, owner of Aquascape Pools, designed the McCalebs’ pool. Aparicio’s forte is designing pools that are unusual and he always complements the setting nature has provided. He likes to give each custom pool “its own special touch.”

New pool cleaning devices

Guy Shipley of Cardinal Architect Pools has been building custom pools since 1959, so he’s seen many changes in pool design and construction. He likes the look of the new free-form pools, the popular water features and the endless look of the infinity or vanishing edge.

Creating unusual looks for pools is one of the favorite things he likes about the business. “Every pool we build also has an automatic-style cleaner. A lot of the people who have automatic cleaners wouldn’t even know how to vacuum. The old pool sweeps have definitely gone by the wayside,” Shipley says.

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Monday, May 12th, 2008

Me Housing Boom Boosts Demand For Landscaping, Outdoor Living Products

Buoyed by record oil prices and a booming construction industry worth over Dhs3.6 trillion, the GCC states are creating unprecedented demand for landscaping design, garden equipments and outdoor living products according to a research by Epoc Messe Frankfurt, organizers of the Garden and Landscaping Middle East.

The exhibition is scheduled to take place at the Dubai International Convention and Exhibition Centre from May 25 to 27 2008.

“According to recent statistics, up to five million residential units are under construction in the GCC, including more than 1,400 new high-profile developments collectively valued at over Dhs2.5 trillion”. said Mr. Eckhard Pruy, CEO of Epoc Messe Frankfurt GmbH.

“The building boom will see hundreds of billions of dirhams being spent on new housing developments, apartment blocks, hotels, leisure facilities, office developments shopping malls and even islands over the next five years”.

He explained that this housing upsurge will fuel a secondary boom for the garden and landscaping sectors, as these developments will require hundreds of square kilometers of landscaping. “Projects such as Dubailand will require vast amounts of landscaping, as will of course the Palm Islands and the World Projects. Add to this new golf courses and park facilities and it is not surprising that it is currently estimated that over Dhs60bn is expected to be spent on gardens and landscaping in the next five years”.

Mr Gavin A. Morlini, Senior Show Manager of Garden and Landscaping Middle East, forecasts that by 2010 “Dubai’s new homes, apartments, hotels and clubs will see as many as 5,000 new swimming pools being built. The number of new houses currently being built will require over five million square meters of lawns to be laid. The spend on garden furniture will be nearly Dhs120m, while the spend on barbecues will be over Dhs37m. The outlay for paving stones, ornamental stones and decking for all types of developments will exceed Dhs210m according to our research”.

Mr. Morlini added that the Middle East, has over 2,100 projects either planned or underway in the Gulf region in 2006, of which the UAE and Saudi Arabia made up 29% and 20%, respectively.

With 15-25% of the world’s construction cranes in operation, Dubai will remain the ‘construction capital’ of the Gulf. Yet Abu Dhabi is set to be ‘the next Dubai’, while Jeddah is benefiting from Saudi Arabia’s development of its western region.

Further, Kuwait’s construction industry is one of the most robust in the region, with a value nearing Dhs14.4bn and planned investments are estimated at over Dhs39.6bn according to construction industry estimates.

Residential demand in Kuwait is also at an all time high.

Although several major projects are currently in the pipeline, with over 70,000 units due to come online over the medium-term, there is a long waiting list for housing.

The Garden and Landscaping Middle East exhibition enjoys the support of Dubai Municipality, GardenEx, Society of Engineers, and the Taiwan Importers and Exporters Association.

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Wednesday, May 7th, 2008

Eco Gardens: How To Grow Fruit And Vegetables

The vegetable patch has become the most fashionable home improvement accessory, a makeover for the credit crunch era that should add value to your property in the long term. The “home allotment” (its virtues are extolled by Jamie Oliver) is not only proof of your impeccable green credentials, it is also a source of cheaper food Landscaping Stone. The cost of staples such as rice, bread, eggs and meat are rising relentlessly around the world, with no sign of let-up, and consumers are increasingly being forced to opt for less expensive fruit and vegetables to make their household budgets stack up.

But all that sowing, mulching, watering and reaping to grow your own may not be as much of a chore as you suppose, and fruit and veg simply tastes better if you eat it fresh from the ground. It’s all to do with the sugars: the natural sugars in a courgette, for example, will start turning to starch within minutes of it being cut from the vine, a process that will rob the courgettes of much of their beautiful sweet flavour.

Can anyone grow their own fruit and vegetables? The answer is yes. Even someone with a window box or small balcony can cultivate a wide variety of herbs, vegetables - or even fruit. Home allotments are easy to get going and now is the perfect time of year to start.

First, you will need a growing area. This can be a few large pots or a couple of grow bags. If you have the space, build a raised bed using timber. In my work as a garden designer in southeast London, I build stylish raised beds for my clients using untreated French oak railway sleepers, which are bolted together. These raised beds are normally 480mm (19in) high by 2.6m long by 1.3m wide, but they can be virtually any size.

A raised bed is prepared by first adding a layer of shingle for drainage. It is then filled with a mixture of good landscaper’s loam and farm manure. Choosing the right location for your raised bed can be difficult within the restrictions of most gardens, but try to find the sunniest spot and not under overhanging trees.

The principles for large pots, grow bags and window boxes are the same: just remember that the smaller the container the more watering they will need. One useful tip for containers is to stand them on a tray or saucer filled with gravel. This helps to stop the soil from drying out, while the gravel stops waterlogging around the roots. Now you have prepared your planting area, you can choose what to grow. The options are vast, from exotic pak choi to the humble spud. My choice for the garden allotment would have to include courgettes, French beans, strawberries and sweetcorn. You could also try an apple tree. Or why not be adventurous and give blueberries a go?

Courgettes (Cucurbita pepo): these are among the most productive vegetables you can grow. Aim to have three or four plants and to stagger the planting. Start by sowing the seeds in 7.5cm pots, 3cm deep in moist compost, placing the pot on a warm windowsill. When well-established, plant out in their final position and give them room to grow.

Sweetcorn (Zea mays): freshly picked, they are a treat. Again, sow them in pots or trays indoors and stagger the sowing, so that you get a steady flow of ripe cobs and not a flood. Sweetcorn is a hungry plant, so before planting out make sure to add plenty of organic fertiliser to the bed. Plant sweetcorn in blocks and not rows, so that they crosspollinate. Try them straight on to the barbecue - just fabulous.

Beans: French beans (Phaseolus vulgaris) and runner beans (Phaseolus coccineus) are a must in any home allotment. They like well-drained soil and need support: dwarf French beans require a few twigs to support the plants, while runners need a framework of bamboo poles or similar. Sow the seeds in 7.5cm pots, 4cm deep in moist multi-purpose compost, and place on a windowsill. Once germinated, harden off by placing outside in the shade during the day, and plant out two to three weeks later. Water well.

Strawberries (Fragaria x ananassa): Fruit such as these are best bought as plants in late summer or early autumn. Choose a good all-round type such as “Cambridge Vigour” or a perpetual fruiter like “Aromel”. I like to plant strawberries through a landscaping fabric. Simply spread a sheet over the area to be planted and secure it with pegs to the raised bed surround. Cut holes in the fabric and then plant into the prepared soil beneath. This will keep the soil around the shallow roots moist and warm, ensuring an early crop of fat beautiful strawberries. I have tried the landscaping fabric planting method on many plants, and it also works well for courgettes, tomatoes and sweetcorn.

Apples (Malus Sylvestris var. domestica): To achieve the best results you need a sunny, sheltered spot. Apples are best grown in the ground, but there are some varieties that can be pot-grown. The height and size of an apple tree is mainly determined by the root stock; ask your garden centre for advice on which variety to choose. Most apples require a second tree for pollination, so buy two trees of similar varieties. After planting, water well throughout the first two summers and thin out fruit as they develop.

Blueberries (Vaccinium corymbosum): Landscaping Stone For the more adventurous gardener, these fruit bushes prefer acid soil and slight shade or sun. Blueberries are also good in pots: use a 38cm or bigger pot and plant in ericaceous compost. One tip is to use collected rainwater and to feed with organic seaweed extract regularly throughout the growing season.

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Sunday, April 27th, 2008

City Backs Plan To Reduce Water Use

The rapid storming of assets in the thoroughbred industry by Queensland miner Nathan Tinkler has raised eye brows over the significant amount that Tinkler Patinack Farms has outlaid over the past six months.

Once Tinkler commenced buying yearlings at New Zealand Bloodstock Ltd Karaka Sale Series in January the public face of the operation was revealed to the industry. Tinkler, Landscaping Stone an unpretentious man not given to flamboyance just because he is wealthy, had an aim to invest in the industry and build a business that spanned both bloodstock and racing.

The costs of buying yearlings rose as the sale went past, along with stallions, horses in training, stud farms and broodmares. The total to-date is could be in the vicinity of $50-60 million.

While it all seemed somewhat unreal, Landscaping Stone it was actually a real demonstration of the mineral wealth that the world commodities boom has created in Australia.

Landscaping Stone And it seems that Tinkler is not going to run out of money anytime soon. Finance media reports over the past 24 hours say that Macarthur Coal might be about to receive a takeover offer.

Macarthur Coal produces pulverised or coking coal, which is used in the production of steel, and thermal coal, which is used to generate power stations.

The company’s two operations, Coppabella and Moorvale, are located in Queensland Bowen Basin, and they are surrounded by the other major mining giants.

The reports say that the value of coking coal has soared 200 per cent this year, as demand from Asia continues to support a big lift in coal prices in what is Australia’s biggest export industry. PCI coal is forecast to triple in prices to $200 a tonne for the 2008 contract year, which began April.

KenTalbot, the former chief executive of the company, holds about 50.9 million shares or 24.02% of Macarthur Coal. Chinese group CITIC is the second largest shareholder with a  19.9% stake and Tinkler Investments holds about 10.4% of the coal miner.

Talbot  holding was valued at $750 million in the media on Tuesday, which values Tinkler holding at around $325 million, and that is before any takeover premium is factored into an offer for the strategic shareholding.

If the takeover goes ahead is another matter of course, but Patinack Farms would seem to be well backed by Tinkler mineral investments.

Mind you, the operation will need some significant cash flow to get through the first couple of years for the yearlings alone. Take 100 yearlings, and multiply by an average $30,000 per horses for metropolitan training per year, and it is a very large sum of money to bank roll. That takes winning 80 plus Saturday metropolitan races per year to cover.

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Tuesday, April 22nd, 2008