Hunt these items on our Ranches and Farms... Call 215 651 8329 http://www.huntingrelics.com How Does Wood Become Petrified?
In order for the petrified wood you see here to become petrified, the wood must first be covered with such agents as volcanic ash, volcanic mud flows, sediments in lakes and swamps or material washed in by violent floods - by any means which would exclude oxygen and thus prevent decay. A number of mineral substances (such as calcite, pyrite, marcasite) can cause wood to petrify, but by far the most common is silica. Solutions of silica dissolved in ground water infiltrate the buried wood and through a complex chemical process are precipitated and left in the individual plant cells. Here the silica may take a variety of forms; it may be agate, jasper, chalcedony or opal. The beautiful and varied colors of fossil wood are caused by the presence of other minerals that enter the wood in solution with the silica. Iron oxides stain the wood orange, rust, red or yellow. Manganese oxides produce blues, blacks or purple.
Chinese billionaire Li Shufu is now biggest single stakeholder in Daimler.
Geely chairman buys near 10 per cent share in Mercedes-Benz maker.
Chinese billionaire Li Shufu has bought a near 10 per cent stake in Mercedes-Benz maker Daimler, making him the German group’s largest single shareholder, a stock market filing showed on Friday.
Li, who chairs auto giant Geely Automobile Holdings, bought a 9.69 per cent stake in the carmaker, worth around € 7.2 billion (US$8.9 billion), according to the filing.
The size of the investment leapfrogs a 6.8 per cent stake in the Stuttgart-based group held by Kuwait and Renault-Nissan’s 3.1 per cent holding.
“Daimler is pleased to announced that with Li Shufu it could win another long-term orientated shareholder,” a spokesman for the Stuttgart-based group said.
Li had been “convinced by Daimler’s innovation strength, strategy and future potential”, he added.
German business media have for weeks reported Li and Geely’s interest in Daimler.
But Friday is the first time Li’s stake has crossed the threshold of 3 per cent of stock, requiring a public notification.
Two sources familiar with the thinking of Li Shufu told Reuters that his move to accumulate the stake, which has a market value of US$9 billion, was motivated by the “dramatic transformation” under way in the automotive industry.