Algoma Inks Deal to Buy Four Bulker Oldies

first_imgzoom Canadian provider of marine transportation services Algoma Central Corporation has reached an agreement with American Steamship Company (ASC) to acquire four river-class vessels.The company is to acquire the 1978-built M.V. Buffalo, the 1973-built  M.V. Adam E. Cornelius, the 1953-built S.S. American Valor and the 1943-built S.S. American Victory.“The availability of these vessels presented an opportunity to expand Algoma’s vessel fleet and capacity at extremely attractive values,” the company explained.Buffalo and Adam E. Cornelius will provide capacity for the river-class segment of Algoma’s domestic dry bulk market.American Valor and American Victory have the potential to be re-powered as motor vessels, converted to articulated tug barges, or have their forebodies mated with existing modern sterns, according to Algoma. However, no immediate plan for these two vessels has been confirmed.“Delivery of the vessels further solidifies our market position in the river-class segment where we see many opportunities,” Gregg Ruhl, Chief Operating Officer at Algoma, commented.All four ships are former US flag lakers that will be transferred to the Canadian registry for service in the Great Lakes – St. Lawrence trade.last_img read more

NordLB Pulling Out of Ship Financing

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Germany’s Norddeutsche Landesbank (Nord/LB) decided to withdraw from the ship financing sector as it looks for a fresh start with a capital injection of EUR 3.5 billion (USD 3.9 billion).Owing to the run down of bad loans from ship financing, Nord/LB set aside additional risk provisions of EUR 1.893 billion in 2018. Although all the bank’s other business segments remained profitable in 2018, expanding risk provisions for the ship financing portfolio led to a net loss for the year, as previously reported.Earnings before taxes for 2018 amounted to minus EUR 2.057 billion, while consolidated profit came in at minus EUR 2.354 billion. In financial year 2017 by contrast, the bank posted a pre-tax gain of EUR 195 million.“Such a heavy loss for 2018 is painful,” Thomas Bürkle, CEO of Nord/LB, said.“But ridding ourselves of bad loans from ship financing will give us a new start. We now have clarity regarding the bank’s future path. We will combine the strengths Nord/LB is known for as a financier of SMEs with particular expertise in structured financing.”Nord/LB will reinforce its capital ratio via a cash capital injection of EUR 2,835 million, in which two German federal states will participate, Lower Saxony with roughly EUR 1.5 billion and Saxony-Anhalt with roughly EUR 200 million. The Savings Banks Financial Group will provide EUR 1.135 million. Lower Saxony will also be contributing EUR 800 million in capital-relief measures, bringing the total capital to around EUR 3.5 billion.In financial year 2018, Nord/LB made good progress in stripping the bad loans from its ship financing. By the end of 2018, Nord/LB had reduced the entire portfolio to EUR 10.3 billion.Compared to the end of 2016, when the portfolio stood at EUR 16.9 billion, this amounts to a decrease of 39 per cent. The amount of non-performing loans (NPL) was equivalent to EUR 7.5 billion as at December 31, 2018. The NPL portfolio is to be run down as a matter of urgency.As part of a portfolio transaction, the first step will be to transfer a significant part of the portfolio, in the amount of approx. EUR 2.6 billion to a financial investor, Nord/LB said.In this context, Nord/LB set aside an extensive additional risk provision for the entire NPL portfolio, resulting in a total of EUR 1.8 billion for the ship financing segment for the 2018 financial year.The total existing loan loss provisions set aside for the ship financing portfolio amounted to EUR 4.9 billion as at December 31, 2018, equivalent to a core risk coverage of 65 per cent for the NPL portfolio.*EUR 1 = USD 1,12last_img read more

Province Recognizes Adult Learners

first_imgThe province is recognizing four Nova Scotians for their powerful stories about how learning has changed their lives. The four winners of a Literacy Nova Scotia contest, read their stories at a UNESCO International Adult Learner’s Week event today, April 12, in Halifax. Nancy MacDougall of Sydney, who will soon graduate from the Nova Scotia School for Adult Learning, said returning to school was one of the scariest things she’s done. “I dropped out of high-school at age 17 and I have regretted it ever since,” Ms. MacDougall said. “What a great feeling of accomplishment I carry with me now. I will walk across the stage this year to graduate with my head held high. As it turns out, it was not scary at all.” “A common theme among the contest winners is a determination to continue their education,” said Communities Culture and Heritage Minister Leonard Preyra, on behalf of Frank Corbett, Minister of Labour and Advanced Education. “Our adult learning programs are not only changing lives for the better, they’re preparing Nova Scotians for a better future.” Ariel Harper Nave, Rukhsora Sangova and Ryan Maisonneuve, all from Halifax, are the other contest winners. Jayne Hunter, executive director, Literacy Nova Scotia, said stories like those of the four winners are being told across the province. “Hundreds of adult learners participating in school, community or workplace education programs, talk about how improving their literacy and essential skills have given them a new confidence about their future. As champions of adult learning, they are an inspiration for all of us to be life-long learners.” Ms. Nave said the Older Wiser Labourforce Program is giving her exceptional training and preparation as she prepares to return to the workplace. “The adult learning program has been invaluable to me,” she said. “My confidence has been restored, my skills have been upgraded, and I feel ready to re-enter the world of work.” Mr. Preyra congratulated all of the contest winners. “These inspiring stories will serve to motivate others to follow in your footsteps and pursue new learning opportunities,” he said. “That will, in turn, improve their opportunity for success.” He also thanked Literacy Nova Scotia, the Nova Scotia School for Adult Learning and the many other community, seniors’ and workplace organizations dedicated to supporting adult learning. “Such efforts are helping Nova Scotians gain the skills they need to personally grow and succeed, and the skills our province needs to reach its full economic potential.” UNESCO’s International Adult Learner’s Week, April 6 to 14, celebrates the achievements of adult learners, the organizations that support them, and the value and rewards of life-long learning. For more information on adult learning in Nova Scotia, go to http://careers.novascotia.ca or call 1-877-go-NSSAL (1-877-466-7725).last_img read more

India need to play key role in promoting womens Tests

first_imgSydney: Australia captain Meg Lanning says women’s Test matches need to spread beyond Australia-England rivalry and feels India need to play a big role in promoting the format. Australia will tour England later this year to play a one-off Test in the multi-format women’s Ashes series that includes three ODIs and three T20Is as part of a points-based seven-match series. Besides Australia and England, India and South Africa are the two cricket playing nations to have played women’s Test matches in the last decade. Also Read – Puducherry on top after 8-wkt win over Chandigarh “We’d love to play more Test matches. Unfortunately, it’s only Australia and England that are interested at the moment, and we only play each other every couple of years. That probably is a bit of a problem,” Lanning was quoted as saying by SEN Radio. “Hopefully down the track more countries are interested. I think India would be great at playing Test matches. I think they’d probably be the big fish to get involved because they’ve got such a big influence in cricket. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later “If that was the case, I think that would definitely help that side of the game grow. But unfortunately, one game every two years, it’s difficult to prepare for and play well. But we enjoy playing them so hopefully there’s a few more down the track,” she added. The 27-year-old Lanning made her debut for Australia in 2010 and since then she has played only three Tests as compared to 85 T20Is and 72 ODIs. Meanwhile, the women’s T20 exhibition games, scheduled to be held during the playoffs of the ongoing IPL, will feature overseas players from six nations. According to a report in espncricinfo, some of the top women’s international players who will be invited for the three-team tournament include West Indies’ Deandra Dottin and T20 World Cup-winning captain Stafanie Taylor, South Africa skipper Dane van Niekerk and fast bowler Marizanne Kapp besides Sri Lanka’s Chamari Atapattu. The overseas players of Australia’s Women’s Big Bash League (WBBL) and the English Kia Super League (KSL) are set to be grouped with cricketers who had participated last year, including Australia’s Lanning, Ellyse Perry, Alyssa Healy and Megan Schutt, New Zealand’s Suzie Bates and Sophie Devine, and England’s Danielle Wyatt.last_img read more

Brock prof creates awardwinning roleplaying game

Based on their game sessions, Gillespie created a game scenario called Barrowmaze. It resonated among gamers and was so popular, he ran an online crowd-funding campaign on Indiegogo to create the sequel, Barrowmaze II.Examining Dungeons and Dragons has been an integral part of Gillespie’s study in RPG games and research.“Dungeons and Dragons has been revised into multiple editions over the years,” he explained. “These editions have become increasingly complex. With the release of the third edition in the early 2000s, the fan base fractured. This led to the creation of the self-titled Old School Renaissance – a community devoted to the return to early D&D editions.”Since that time, Gillespie said the Old School Renaissance has grown significantly and now has its own publication, online forums and a thriving community on Google Plus.“I’m interested in studying the concept of nostalgia and what role nostalgia plays within this group of old school gamers,” he said. “I have also advised a graduate student in this area.”In Dallas, Gillespie’s runner-up finish to an entrant with many years of experience “was a very strong showing for me, as Barrowmaze was my first RPG publication of any type.”“This award is given once a year to an independent publisher to recognize excellence in RPG design. It was thrilling to be short-listed for the award, so to finish as the runner-up was really the icing on the cake,” he said.Looking ahead, Gillespie hopes to continue his “study of retrogaming” from the position of what American fandom scholar Henry Jenkins calls the Aca-Fan – a scholar who identifies as a fan (or in this case gamer). The academic fan denies the historically privileged position of the scholar as the external observer.“Instead, we acknowledge and make explicit our relationship to our research. Stemming from perspectives from anthropology, we attempt to understand gamer subcultures from within, on their own terms,” said Gillespie.Based on that approach, Gillespie will continue to follow the course of the Aca-Fan by publishing both academic research and independent game publications.“I want to continue my examination of nostalgia within the old school D&D community and incorporate more fieldwork when opportunities and funding allow,” he said.Gillespie published two academic articles last December looking at the concept of nostalgia in old school gamer subcultures:• “Remember the Good Old Days? Nostalgia, Retroscapes and the Dungeon Crawl Classics,” The Journal of the Canadian Game Studies 6(10), 2012.• “There and Back Again: Nostalgia, Art, and Ideology in Old-School Dungeons and Dragons,” Games and Culture 7 (6), 2012.Gillespie will be teaching two courses related to gaming this year: the Social and Political Aspects of Digital Games (PCUL 3P26 ) and the History and Culture of Role-Playing Games (PCUL 3P96).“I enjoy both courses and include classroom interviews with people in the industry whenever possible; for example, in PCUL 3P96 we completed a book review assignment of Ethan Gilsdorf’s memoir Fantasy Freaks and Gaming Geeks and then later that class we interviewed and chatted with him,” Gillespie said. “It was fantastic.” An image from Prof. Greg Gillespie’s Barrowmaze role-playing game.It may seem like fun and games, but for Greg Gillespie, it’s serious work.An associate professor in Brock’s Department of Communications, Popular Culture and Film, Gillespie is a researcher and designer of role-playing games, or RPGs.RPGs are games in which players assume the roles of characters in a fictional setting. Players take responsibility for acting out these roles within a narrative, either through literal acting or through a process of structured decision-making or character development. Actions taken within many games succeed or fail according to a formal system of rules and guidelines.Gillespie recently placed second at the Three Castles Design Awards in Dallas for his game, Barrowmaze II.Gillespie’s interest in RPGs goes back to his childhood.“I was a gamer in my youth – before gaming became cool and ubiquitous in social media,” he recalled. “I am an admitted Dungeons and Dragons (D&D) geek and learned to play with my classmates in public school.”Gillespie still plays in a weekly game with friends, many of whom are Brock alumni. read more

Emigration and food insecurity in Central American dry corridor focus of new

Source: FOOD SECURITY AND EMIGRATION – Why people flee and the impact on family members left behind in El Salvador, Guatemala and Honduras. Additionally, some 72 per cent of the families interviewed said they were applying “emergency” coping strategies, such as selling their land, farm animals and tools to buy food. Meanwhile, the study reveals that in the cases of successful emigration, &#822078 per cent of households in the home country receive monthly remittances, of which 42 per cent indicate that remittances are their only source of income.” Indeed, more than half of the money received from emigrants is used by family members to buy food, followed by agricultural investments – like buying land and animals – and investing in small businesses. This study was funded and jointly produced by WFP, the International Fund for Agricultural Development (IFAD) and the Inter-American Development Bank (IDB) with the collaboration of the International Organization for Migration (IOM) and the Organization of American States (OAS). The research is a follow-up to the results and recommendations of the 2015 exploratory study on the links between migration, violence and food security, Hunger without Borders. A new inter-agency study released today found a correlation between prolonged droughts in El Salvador, Guatemala and Honduras – exacerbated by El Niño phenomenon from 2014 to 2016 – and the increase in irregular migration from these countries to the United States, the United Nations food relief agency reported. “The study provides an important insight into why people flee and the impact on the family members staying behind,” said World Food Programme (WFP) Regional Director for Latin America and the Caribbean, Miguel Barreto. “It is perhaps this second aspect which makes this study stand out from much of the analysis conducted on migration from El Salvador, Guatemala, and Honduras to date,” he added. Food Security and Emigration shows the need to invest in long-term programmes to discourage people in the Dry Corridor from emigrating, and to reduce the risks for emigrants and the impact on the families left behind. The study indicates that a trend of younger and more vulnerable people are leaving food-insecure areas – especially in the Dry Corridor, a drought-prone area that crosses these countries. Family members left behind face the burden of paying the debts of those who have migrated. If the emigration is unsuccessful, the family faces the problem of growing debt and of how to meet their food needs, the report said. The document also pointed out that 47 per cent of the families interviewed were food- insecure, noting that these levels have never been previously recorded in the region even in assessments carried out over the past three years in the Dry Corridor. read more

Urban Meyer reflects on Ohio State footballs perfect season

Braxton Miller, the sophomore quarterback of the Ohio State football team, is a finalist for the Davey O’Brien Award, which is awarded to the nation’s best quarterback. Miller might also get an invitation to travel to New York as a finalist for the Heisman Trophy, awarded to the most outstanding player in college football. His coach, however, believes he still has a long way to go. “Our quarterback fundamentally wasn’t the best fundamental quarterback in America,” coach Urban Meyer said Monday. “If he becomes fundamentally the best quarterback in America, I think he will be the best quarterback in America. He’s not there yet.” Meyer said he would grade the OSU passing offense this season as a “C to C-minus.” “That’s up a little bit from what it was a year before, but still nowhere near what we want, not even in the same hemisphere as far as what’s expected,” Meyer said. “That has to change, and change fast.” Meyer said he puts much of the responsibility of improving Miller and the passing offense on offensive coordinator and quarterbacks coach Tom Herman. “Tom Herman and I are going to have a chat. Why didn’t that happen?” Meyer said. “Tom Herman did a fabulous job. But Tom Herman and Braxton Miller understand that they have to get better.” Meyer looked back on other aspects of the 2012 season as well, while looking ahead to 2013, during his season wrap-up press conference on Monday. Looking back on a 12-0 season Meyer said he will remember the 2012 Buckeyes for their “incredible character, determination and genuine love for one another.” “The memory that I’ll always have of this season … is just the complete selflessness,” Meyer said. “Arguably the best I’ve ever seen.” Meyer did not give a definitive response on whether the Buckeyes deserve to finish No. 1 in the Associated Press poll, but said he believes his team can play with “any team in the country.” Will Meyer make coaching changes? Meyer said Monday that he has no plans to make any changes to his coaching staff but realizes that some of his coaches might be pursued for other coaching opportunities at other programs. “I’m not going to make a change,” Meyer said. “One negative thing about success and hiring good coaches is that they’re hot items … I’d like to think at a place like Ohio State, you only will leave here to become a head football coach.” No word yet on Hankins, Roby In addition to losing 21 seniors from this year’s football team due to graduation, two underclassmen who could potentially leave OSU to move on to the NFL are junior defensive tackle Johnathan Hankins and redshirt sophomore cornerback Bradley Roby. Meyer said he has not yet discussed the possibility of declaring for the NFL draft with either player. Roby said on Nov. 14 that he had discussed his potential decision with OSU cornerbacks coach Kerry Coombs. Concerns for 2013 season If history is any indication, the 2013 season has championship potential for the Buckeyes. Jim Tressel, the last coach to spend two or more years leading the OSU football program, won a national championship in his second year in Columbus. Meyer also won one of two national championships at Florida, one of which was in his second year with the Gators. Meyer said that by achieving an undefeated season this year, the “standard has been set” for his second season. “My concern here is complacency,” Meyer said. “If they’re not angry and complacent, this team’s average as dirt.” Meyer said that with the exception of sophomore outside linebacker Ryan Shazier, who he called an “excellent football player,” the linebackers are the weakest position group on the team heading into 2013. “Other than (Shazier), I couldn’t tell you who can play,” Meyer said. Meyer said that his No. 1 concern for the offseason is recruiting, and second is the “fundamental development of our players.” Meyer said the team is affected, however, by losing the opportunity to develop players through practices leading up to a bowl game. read more

LETTER Caricom must out of necessity step off the fence

Dear Editor,Some readers might find it is interesting, while others might find it appalling to learn that throughout its existence, Caricom has selectively remained silent on the political plights of Guyana. While from time to time, individual leaders have broken their silence and spoken out against the Burnham-Hoyte-led Governments, such utterances have been far apart. Interestingly, they found their collective voice in the wake of post-1997 elections unrests.However, questions have arisen as to the true motive of this odd potpourri of leaders who are yet to dance in unison, to send the ‘three wise men’ to Guyana. The team had brokered, among other conditions, an unconstitutional shortened term of office for President Janet Jagan, vis-a-vis the Herdmanston Accord. Guyanese are now left to ponder Caricom’s muteness despite numerous calls across the media and by leaders in light of the current political and legal quagmires.Clearly, Mr Granger and his APNU/AFC Administration have continued to poke fun at the CCJ. The ‘cat and mouse’ game continues as Granger speaks with a forked tongue. On one hand, he says he is committed to upholding the decisions and orders of the CCJ; on the other, he has not only defied those very orders, but has attempted to reinterpret and write his own orders.With regards to the appointment of the GECOM Chair, he has insisted on submitting a list of names in what he referred to as integral to his active participation in the consensus-dialogue with the Leader of the Opposition. Similarly, he stated that he has accepted his caretaker or interim Government role but refused to accept the resulting constitutional and CCJ-reinforced limitations on such a role.Further, the GECOM proposed House-to-House Registration is yet another clear defiance of the CCJ orders. The CCJ concluded that the process that led to Patterson’s appointment was flawed, and, therefore, unlawful. Patterson’s subsequent resignation is a testimony to his acceptance of the decision/order.It follows, therefore, that many of Patterson’s decisions as Chair of GECOM were flawed/unlawful. However, while we cannot rollback those that have been acted upon due to completion or time-lapse, we must put a halt on all those proposed/future actions, with House-to-House Registration being at the core. GECOM is also in defiance of the CCJ orders which stated that it should be ready for elections by September 18.Meanwhile, Caricom remains selectively mute. Their tight-lipped posture may not only signal acquiescence of Granger and his Administration’s flouting of the CCJ, but may also torpedo the CCJ’s future as the court of last resort for the entire region.Critics and supporters alike understood that the CCJ represents a manifestation of aspirations to promote the building of ethical legal processes by fostering due process and the rule of law, among other ideals. Today, this very Court, born out of a collective desire to concretise self-determination, national and regional politics, economic integration, and human rights obligations, is being severely undermined by Granger and his Administration.In a nutshell, Caricom must, out of necessity, step off the fence. Regional leaders cannot continue to be mute; through conscience-viagra, they must voice their disapproval of Ganger and his Administration’s blatant disregard for the CCJ. Granger’s ‘cat and mouse game’ snubs the CCJ, defies logic and signals a political degenerative process. These actions clearly contravene the democratic goals and ideals of Guyana and the region as a whole; they derail national and regional progress and prosperity, and ultimately, the rights and well-being of the people. Caricom, it’s time to shift your paradigm!Yours sincerely,Ronald Singh(Barrister and Solicitor) Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedCaribbean leaders discuss Venezuela situationAugust 9, 2017In “latest news”High time CARICOM discuss legalising marijuana – GonsalvesSeptember 10, 2013In “Regional”Guyana’s political parties leading on Caribbean integrationMarch 15, 2014In “Opinion” read more

Cat to showcase latest longwall offering at Katowice fair

first_imgCaterpillar says it will present a number of new longwall mining products and solutions at the International Trade Fair for Mining, Power Generation and Metallurgy, on September 10-13, in Katowice, Poland.Together with the regional Cat® dealer, Bergerat Monnoyeur, Caterpillar will showcase its latest technologies at its booth.The Caterpillar exhibit will feature digital presentations of new longwall machines, technologies and services—all designed to make longwall mining safer, more efficient and more productive, it said. A highlight will be the virtual reality experience, which enables customers to experience newly developed virtual reality service tools for Cat longwall systems.Similar technology is used for the new Cat Virtual Reality Training & Simulation system. “Real-time and realistic interactive 3D visualisations of real operations with Cat Virtual Reality Services offer opportunities to help trainees and operators understand the complex mechanics and operations ofa complete longwall system, where so many pieces of equipment are interrelated,” Cat said.Digital presentations will also demonstrate Cat shearer automation—using technology for face alignment, horizon control and extraction control. Also, the latest version of Cat longwall machine monitoring, Cat MineStar™ Health for Longwall, will be shown. “Health for Longwall is a cost-effective and user-friendly data visualisation and reporting tool. It empowers managers to efficiently view, manage and use machine data to make informed maintenance decisions that will help maximise the availability of longwall equipment,” the company said.Caterpillar designs and manufactures complete longwall systems customized to optimise performance in specific applications. The Katowice exhibit presentations will feature new longwall components, such as the Cat EL1000 Shearer, designed for low- to mid-seam heights. This latest addition to the successful range of Cat shearers covers seam heights from 1.6-3.2.6 m (63-126 in).The recently introduced Cat PF HD Line Pan for armoured face conveyors is especially designed for heavy-duty longwall applications with demanding conditions, Cat said. “The new pan is the most robust and reliable Cat line pan, lasting up to two times the life of corresponding PF5 and PF6 pans.”The exhibit will also preview the Cat HTD4100 High Torque Drive System for longwall armoured face conveyors. “The drive enables a higher level of automation for enhanced speed and torque control and real-time monitoring, and its modular design simplifies installation and maintenance. The converter-controlled torque motor offers fast response and precise control to reduce conveyor chain wear and failures.”Caterpillar will also preview its next generation roof support control, PMC-R 2.0, which is the successor to the Cat PMC-R control unit. “The new roof support control unit is designed to meet the automation needs of modern, high-performance longwall operations. Advanced microcontroller technology with increased computing power and enhanced communication capabilities offers improved functionality to control roof supports in a self-advancing longwall system. The new controller also features enhanced serviceability.”The company continued: “Caterpillar and Cat dealers have created a one-of-a-kind, on-site support network for delivering expert service, integrated solutions, after-sales support, fast and efficient parts fulfilment, world-class remanufacturing services and more. Services now include Caterpillar Accredited Rebuilds (CAR) for longwall roof supports. The CAR program offers a like-new roof support with a new machine warranty and a new serial number, all at a fraction of the cost of a comparable new roof support.”At Katowice Mining Fair, Caterpillar and Cat dealers will also show their commitment to work alongside customers to improve performance across the operation, leveraging every longwall system component, tool and technology to help improve safety, efficiency and productivity, the company said.last_img read more

MACA set to start work on construction of Stage 3 of long

first_imgAustralia’s MACA Ltd recently announced the award of a Construct Only contract with Main Roads Western Australia for Stage 3 of the Karratha/Tom Price Road, that will connect two of Australia’s major mining hubs. The contract is expected to generate revenue of A$81 million and is due to commence in September of 2019 and be completed by mid 2020.Stage 3 will include the construction and sealing of the section following the Rio Tinto rail alignment, to the rail crossing. Stage 4, which is currently unfunded, will include a 107 km section from the Rio Tinto rail crossing to Nanutarra-Munjina Road on new alignment following the Rio Tinto rail line through some very rugged terrain. Stage 1 and 2 are complete.The scope of MACA’s current work includes the construction and sealing of a 45 km section of road. Construction includes overlaying the existing pavement sections, installation of new culverts and extensions to the existing culverts as required.Elsewhere it has been a good year for MACA as reported in its H1 2019 results. Operational activities have continued to grow in gold, with MACA renewing its long term contract at thebeginning of the year with Regis Resources at the Duketon South operations for another five year period. “Our current operations with Ramelius Resources at Mount Magnet, Blackham Resources at the Matilda project and for Pilbara Minerals at the Pilgangoora project continued throughout the full year.” In the first half MACA commenced in a new geographic area and commodity when commencing the Bluff Coal project for Carabella Resources in the Blackwater region of Queensland. This is a significant project for MACA both in terms of scale and tenure (a 10 year life of mine contract) which is now beginning to generate solid returns.Internationally MACA continues to operate at OZ Minerals’ Antas copper mine in the state of Para in Brazil. MACA also executed a Memorandum of Understanding with Emerald Resources to provide contractmining services at the Okvau Gold Project in Cambodia.MACA was awarded three crushing contracts by BHP Iron Ore division during the year. These included a two year contract to crush blast-hole stemming material across Western Australian Iron Ore (WAIO) operations and a three year contract to crush and screen up to 12 Mt/y at the Mining Area C operation, which commenced in March 2019. MACA was also awarded a contract to crush and screen up to 5 Mt/y at the Eastern Ridge operations which commenced subsequent to year end.During 2019 the Civil division completed bulk earthworks at the Gruyere Gold project and the Coongan Gorge realignment for Main Roads of WA. In addition, a number of small mine based infrastructure projects were completed for mining clients and internally for its Crushing Division.MACA Interquip commenced the Kirkalocka gold project for Adaman Resources during the year – this included installation of a new semi-autogenous (SAG) mill and the refurbishment of an existing processing plant. This project commenced in February of 2019 and will be completed in the first half of FY2020. In addition to this MACA Interquip is actively pursuing maintenance services. Other projects completed during the period included the construction of crushing plants for MACA Mining at BHP and a secondary mill upgrade for AngloGold Ashanti at the Tropicana project.last_img read more

Thorium reactors a silver bullet for our looming energy crisis

first_imgLike it or not, the world is facing a looming energy crisis as we continue to burn through the planet’s available fossil fuels at an alarming rate. A gallon of gasoline that used to cost under a dollar back in the 80’s and early 90’s is now averaging over $4.00, placing financial strain on industry and consumers the world over. Researchers have been working feverishly in the past ten-years to try to find viable alternatives that can produce abundant energy. One such technology that is being looked at closely is liquid fluoride thorium reactors, a “breeder” power source that could provide enough energy to satisfy the world’s consumption indefinitely.While that may sound like a pipe-dream, science is showing how Thorium could eventually replace fossil-fuels all together in the next twenty-years if the world’s countries would get serious about development. Researchers have shown that just a golf ball sized amount of the rare-earth element could provide enough energy for a family for thirty years with very little nuclear waste produced. That fact along with its inherent safety properties make it an attractive alternative to conventional nuclear reactors.Disasters like Chernobyl and Fukushima have given the public a bad taste in their mouths when it comes to nuclear energy. In both cases, safety precautions either failed or weren’t present or adequate. While both events were obviously devastating to both the environment and human life, scientists point out that thorium could solve those issues because a nuclear meltdown is impossible as the energy production takes place in a molten salt reactor, which is already in liquid form. Add in the fact that the waste it produces has a much shorter half-life than current nuclear reactors, and a favorable picture does begin to form.While it’s true that it takes a significant amount of energy to ignite a thorium based reactor, the good news is that you only need to expend the energy once. An operational thorium reactor is capable of igniting others, causing an exponential chain of growth. Think of it like a group of people holding candles with only one that is lit. The person holding the candle containing a flame can pass that flame on down the line, with the limit to how much light can be produced only dependent on how many candles you have.Is thorium the silver-bullet that we have been looking for to solve the energy crisis? We don’t know yet, but the research has certainly been promising. Scientists have shown how a small amount of thorium could power an automobile for its entire lifespan, hopefully it can be scaled for the world’s power grids.More at WNYClast_img read more

Raise money for charity while you watch porn

first_imgOnline porn, a cornerstone of the internet, generates a lot of money and two men named Marco and Riccardo want to take some of that money and use it for good.It’s called Come4.org and it aims to be a free to use, non-profit porn website with a heart. Users can upload sexually explicit material — both still images and home-made movies — and then choose what charity they want their video to support. Users that just want to help out can watch porn for free and even chat with other members.The funding will come from advertising and voluntary donations. Come4.org promises to have no spam and wants to create a user friendly website that’s a pleasure to use because, not only do they want to make money for good causes, they want to change the way people think about porn. Currently, porn is seen as dodgy, barely legal, often fake, violent, and generally a bad thing. They believe that porn itself is not bad, but the people behind it aren’t great, so if they created a website that was used to help others instead of exploiting them, they could start a sexual revolution.Come4.org needs funding to exist though and they’re currently raising money through Ulule. They’ve got 46% of their goal and want to raise $12,049 which will be used to build the website. I for one hope they reach that goal, it’s good to see someone who wants to change what’s seen as a bad industry into a better one with the added bonus of saving a few pandas while they’re at it.Donate at Ulule, via Wiredlast_img read more

Two teenagers arrested over Lyra McKee murder are released without charge

first_img A message on Free Derry Corner. Image: Joe Boland/PA Images Monday 22 Apr 2019, 8:50 AM Apr 22nd 2019, 8:50 AM Share Tweet Email Short URL By Rónán Duffy https://jrnl.ie/4602193 20,631 Views center_img Image: Joe Boland/PA Images A message on Free Derry Corner. Tweet thisShare on FacebookEmail this article 9 Comments TWO TEENAGERS ARRESTED in connection with the murder of Lyra McKee in Derry have been released without charge.The two men aged 18 and 19 had been held at the Musgrave Serious Crime Suite in Belfast but have since been released.PSNI officers have said they are continuing to investigate the fatal shooting and have thanked locals in the Creggan area of Derry for their assistance.“We have received very positive support from the community but we need to convert this support into tangible evidence that will enable us to bring Lyra’s killers to justice. We will continue to work positively and sensitively with the local community to achieve this,” detective superintendent Jason Murphy said last night. 29-year-old McKee was killed when she was shot during rioting on Thursday night.The journalist was at the scene of rioting, with reporters present saying police came under gun fire and a petrol bomb attack.The PSNI said on Friday that dissident republicans were storing weapons and explosives for a number of planned attacks and that they were conducting searches. A crowd gathered and that around 50 petrol bombs were thrown at officers. Two vehicles were also hijacked and set on fire.A single gunman is believed to have fired shots and fatally wounded McKee. The leaders of the six main parties in Northern Ireland released a rare joint statement hitting out at the murder.There has also been local revulsion at the killing in Derry, with graffiti among the visible signs of condemnation in the area. “Not in our name, RIP Lyra,” was one such message painted on Free Derry Corner in the Bogside area of the city. As part of the police appeal, Murphy has made a specific request for any mobile phone footage of the rioting to be shared with the PSNI, either in person or through an online portal. “I am continuing to appeal for those people who were in Fanad Drive and Central Drive on Thursday night and who have mobile phone footage to please come and speak with my detectives and provide us with your mobile phone footage. We do not need to hold on to your phone, we have necessary equipment that will allow us to download the footage quickly,” Murphy said. Two teenagers arrested over Lyra McKee murder are released without charge Police are continuing to seek information on the killing. last_img read more

Après Durban les accords sur le climat piétinent

first_imgAprès Durban, les accords sur le climat piétinent Alors que les discussions piétinent à Bonn, quant à la mise en place d’un régime juridique sur le climat, les Européens s’inquiètent du risque de “détricotage” de l’accord adopté en décembre 2011 à Durban.Suite à la Conférence sur le climat de Durban, les pays devaient se mettre d’accord pour établir un régime juridique applicable à tous les pays en 2020. C’est l’objectif de la réunion qui se tient actuellement à Bonn, en Allemagne. Elle porte également sur les moyens à adopter pour augmenter les efforts contre les gaz à effet de serre d’ici cette date. Mais les négociations piétinent à cause, semble-t-il, de l’attitude de la Chine. Il se trouve que le pays est aujourd’hui le plus grand pays émetteur de CO2 et refuse d’adopter des engagements qui pourraient le contraindre à limiter son développement. À lire aussiDengue : symptômes, traitement, prévention, où en est-on ?Les Européens ont donc l’impression que tout ce qui a été mis en place à Durban est remis en question. “Nous sommes très inquiets de voir que l’esprit de coopération qui avait prévalu à Durban n’a pas perduré lors de cette session”, a déclaré Christian Pilgaard Zinglersen, négociateur en chef du Danemark (qui préside actuellement l’UE). “Si les négociations continuent de progresser aussi lentement, il y a un risque de détricotage de l’accord de Durban”, a-t-il ajouté cité par l’AFP. “La Chine donne le sentiment de durcir ses positions par rapport à Durban”, a confirmé à l’AFP Serge Lepeltier, ambassadeur français pour le climat. “Cette position nous surprend, d’autant que leur politique d’efficacité énergétique montre une réelle portée”, a-t-il ajouté.Les choses sont tellement à l’arrêt que, concernant la mise en œuvre de ‘accord de Durban, “à deux jours et demi de la fin de la session, nous n’avons ni ordre du jour ni président pour ce processus important” souligne M. Pilgaard Zinglersen. Or, le président de ce groupe de travail, sera chargé de mener l’ensemble du processus pour aboutir, fin 2015, à l’adoption d’un régime juridique. Aucune décision n’ayant encore été prise et “à la suite de consultations infructueuses parmi les groupes régionaux”, le choix de ce président devait avoir lieu en séance plénière jeudi avec la possibilité d’un vote. Il s’agirait d’une première dans le cadre de ces négociations climat, dans la mesure où le consensus a toujours été la voie privilégiée.Le 25 mai 2012 à 09:37 • Maxime Lambertlast_img read more

WWE Network launches on Tuesday in Italy

first_img WWE sent out the following to fans in Italy about the launch of WWE Network in their country on Tuesday:“Hi ItalyBig News…..WWE Network is available in Italy starting Tuesday morning! Here’s the info…WWE Network is now available for $9.99 (U.S.) per month, with all 12 annual WWE pay-per-view events LIVE, including WWE Battleground® on Sunday, July 19, where Brock Lesnar® will face Seth Rollins® for the WWE World Heavyweight Championship. New subscribers to WWE Network receive their first month of service for free.WWE Network subscribers in Italy will have access to the U.S. English language version of WWE Network. In addition to all 12 WWE pay-per-view events, WWE Network gives subscribers 24/7 scheduled programming and the most comprehensive video-on-demand library with more than 3,300 hours of content, including every WWE, WCW and ECW pay-per-view.Like other digital subscription services, such as Netflix and Hulu, fans are able to sign up online by going to WWENetwork.com and can watch WWE Network on their TV through connected devices such as Xbox One, Xbox 360, Amazon Fire TV, Apple TV and Roku streaming devices as well as Smart TVs. WWE Network is expected to be on Sony platforms, including Sony PlayStation 3 and Sony PlayStation 4 prior to SummerSlam® on Sunday, August 23.”Source: PWInsider.comRecommended videosPowered by AnyClipDisney Takes Control of Hulu to Challenge Netflix, AmazonVideo Player is loading.Play VideoPauseUnmuteDuration 0:36/Current Time 0:04Loaded: 100.00%0:04Remaining Time -0:32 FullscreenUp NextThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Replay the list Twitter How To Choose Between On-Demand Streaming Services Match announced for next week’s 205 Live, 8-Man Elimination from TLC PPV in 2015 Pinterest Now Playing Up Next WhatsApp Jason Namako RELATED ARTICLESMORE FROM AUTHOR Now Playing Up Next Facebook Retailers Are Bracing For A Surge In Spendingcenter_img Disney Takes Control of Hulu to Challenge Netflix, Amazon Hulu Has Something Planned For The ‘Handmaid’s Tale’ Hulu has plans for ‘Handmaid’s Tale’ sequel Google+ Now Playing Up Next Now Playing Up Next WWE Live returns to China this September, Will hold tryouts this July in Shanghai Now Playing Up Next Jeff Jarrett’s Global Force Wrestling promoting three live events next week in New Yorklast_img read more

Asian Shares Recover from Threeyear Lows While Chinas Suffering Continues

first_imgVolatile global markets showed tentative signs of a respite from the recent blood-letting on Tuesday as bargain hunters helped Asian stocks off three-year lows, though share markets in China, epicenter of the rout, suffered another big sell-off.The MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 1.1 percent after an initial dip to three-year lows, paring about a quarter of Monday’s losses.Japan’s Nikkei .N225, which saw extremely volatile trading, ended 4 percent down.European shares are seen to open higher, with spread-betters expecting more than 2 percent gains in Germany’s DAX .GDAXI and a rise of above 1 percent in Britain’s FTSE.FTSE.”The recent turmoil has left even the most hardened trader gasping for air. And there’s probably more to come,” said Frederic Neumann, HSBC’s co-head of Asian economics research, in a note to clients.”China’s economy continues to slow and the (U.S.) Fed may still hike rates before the end of the year. That puts further cracks into the two main growth pillars for the world economy of recent years: Chinese demand (including commodities) and easy money,” Neumann said, even as he added that a re-run of Asia’s financial crisis in the late 1990s was unlikely.U.S. stock futures ESc1 gained 2.0 percent, aiding performance in some markets as signaling that New York markets which plunged on Monday will open stronger later in the day.”There appears to be buyback as many markets look oversold after panicky selling in the last few days. Even the shares that had little business ties with China were sold,” said Yukino Yamada, senior strategist at Daiwa Securities.Mainland Chinese shares had another calamitous day, with the Shanghai Composite Index.SSEC falling another 7 percent and breaking below the key psychological level of 3,000. The index fell 15 percent the previous three days, including an 8.5 percent collapse on Monday.”Global investors are cannibalizing each other. Calling it a market disaster is not an overstatement,” said Zhou Lin, an analyst at Huatai Securities.”The mood of panic is dominating the market … And I don’t see any signs of meaningful government intervention.”Underlining concerns about China, Japanese Finance Minister Taro Aso said on Tuesday he hoped Beijing would take action to stabilize its economy and that Tokyo had no plans for now to unveil its own new economic stimulus package.MSCI’s all country world index .MIWD0000PUS hovered near 10 1/2-month low marked on Monday, when it had fallen 3.8 percent, its biggest fall in almost four years.Global share markets have been hit by worries that the Chinese economy, the most important engine for the world economy, was growing at a much slower pace than Beijing’s 7 percent target for 2015.Investors are also unnerved by uncertainty over U.S. monetary policy. The Federal Reserve has said it plans to raise interest rates this year for the first time in almost a decade.The heavy fall in share prices worldwide over the past week has sharply reduced expectations of a U.S. rate hike in September, but the outlook is far from clear.Atlanta Fed President Dennis Lockhart, whose comments earlier this month sparked expectations of a hike in September, said on Monday that the Federal Reserve will likely begin raising rates “sometime this year.”On Wall Street, the S&P 500 Index .SPX fell 3.9 percent to a 10-month low on Monday. The CBOE volatility index .VIX, a key measure of U.S. equity volatility, shot up to more than 50 percent at one point for the first time since the 2008 global financial crisis.Because some investors often fund their investment in risk assets by borrowing low-yielding euro and yen, the sell-off in shares helped send both currencies to seven-month highs.On Monday, the euro rose as high as $1.1715 EUR= while the yen strengthened to 116.15 to the dollar JPY=.But both currencies stepped back in Asia on Tuesday. The euro slipped 0.7 percent to $1.1531 while the yen retreated to 119.05 to the dollar.Oil prices also stabilized in Asia after having plunged more than 6 percent on Monday to 6 1/2-year lows.U.S. crude futures CLc1 traded at $38.73 per barrel, up 1.2 percent on the day, and off Monday’s low of $37.75.Brent crude futures last stood at $43.03 after having fallen to $42.23 on Monday.Brent still stood not far from $36.20, its low hit in the aftermath of the global financial crisis, having fallen more than 66 percent from last year’s peak.last_img read more

Dont want to score in empty field Quader

first_imgAwami League general secretary Obaidul Quader speaking at a programme at the Bangladesh University of Engineering and Technology (BUET) in Dhaka on Monday. Photo: Focus BanglaRuling Bangladesh Awami League general secretary Obaidul Quader on Monday said his party has no desire to score goals in an empty field; it rather wants a competitive election.“In the last general election, the BNP stayed away from the race on its own accord. If it does not boycott the next elections again – we’ve no desire to score goals in the empty field,” said Quader while speaking at a programme at the Bangladesh University of Engineering and Technology (BUET) in the capital.AL’s student wing Bangladesh Chhatra League (BCL) organised the programme.Also the road transport and bridges minister, Quader said the national election is nearing fast.He said the AL will nominate those found acceptable to the people through survey.“Those who are not acceptable to the people and are not able to win will not be nominated.”Speaking on the occasion, former foreign minister Dipu Moni said neither election nor movement can take place without the BCL. “But that must be following democratic norms so that no one can use BCL as their armed force.”last_img read more

Buriganga boat capsize kills 3 of a family

first_imgBuriganga River. UNB File PhotoThree members of a family died and a minor went missing as a boat capsized in the Buriganga river on Friday night, reports UNB.The deceased are Motiur Rahman Moti, 55, his wife Rozina Begum, 42, and Momtaz Begum, 50.Abdur Razzak, officer-in-charge of Sadarghat police station, said the boat, carrying four members of a family, sank in the river after being hit by a launch, ‘MV-Manik’, around 10:30pm, leaving them missing.The bodies of Rozina and Momtaz were retrieved from the river around midnight while that of Moti around 9:00am on Saturday, the OC said.Moti’s son Abid, 5, remained missing till filing the report about 11:11am.last_img read more

Lupe Valdez A Democrat Kicks Off Gubernatorial Bid In Dallas

first_imgLaura Buckman for The Texas TribuneLupe Valdez, former Dallas County Sheriff, speaks during a kickoff event for her 2018 gubernatorial campaign in Dallas on Jan. 7, 2018.Lupe Valdez, the former Dallas County Sheriff, formally launched her Democratic bid for governor on Sunday, touting a campaign aimed at representing all Texans and listing a broad range of topics she plans to address as election season gets underway.“Together, we need to build something new — a new Texas,” Valdez told a crowd of supporters here. “Opportunity should be as big as the Texas sky.” Valdez, 70, announced late last year she was entering an already crowded and potentially competitive primary field. Ten Democrats are vying to face off with Republican Gov. Greg Abbott in the November general election, including Valdez and Andrew White, the son of late Gov. Mark White. The eventual Democratic Party nominee faces long odds to unseat Abbott, who has a $40 million-plus war chest for re-election. In her speech, Valdez knocked state lawmakers over their 2017 legislative session — referring to them as “people who were supposed to be serving us doing more harm than good” — and mentioned the state’s overcrowded classrooms and raising the minimum wage as issues she hopes to address as governor.“The special interests in Austin continue to cook up fake ideas behind the curtain,” she said, referring to failed legislation that would’ve regulated which public restrooms transgender Texans could use and the anti-“sanctuary cities” bill that Abbott signed into law in 2017 as measures that are “certainly destroying the Texas brand.” She also brought up Dreamers — undocumented immigrants who were brought into the country as children by their parents and who were granted relief from deportation under an Obama-era program — who she said are facing an uncertain future in Texas as Congress works to hash out a solution. “Dreamers and their parents must be able to achieve their goals in the land that they’ve always considered their country,” she said. “We must educate to elevate.”Valdez has kept a low profile since she announced her candidacy late last year. Her rollout was simple when she filed for office at the Texas Democratic Party headquarters in Austin. After signing paperwork, delivering brief remarks and taking a few questions from reporters, she excused herself to catch a flight.Valdez, who drew national headlines when she was first elected in 2004 as the nation’s first openly gay, Hispanic sheriff, was serving her fourth term when she formally stepped down from the post. The Dallas County Sheriff’s Office oversees the second-largest county jail in Texas.“I’m running because I want be the people’s candidate and bring back common sense to government. I want to be the candidate who makes the difference for Texans — all Texans,” Valdez said as she wrapped up her speech. “We must be that campaign.” Sharelast_img read more

The install size for every Xbox One launch title

first_imgThanks to big box retailer Target’s shipping gaffe, a few Xbox One consoles have landed on doorsteps a little early. While we wait for official launches from both Microsoft and Sony, these proud new console owners have found themselves in the unique position to share some new information about their experiences so far.As you may recall, the Xbox One includes a feature that allows you to install the entire game on your console. This feature allows you to start a game with just your voice, without a disc in the tray, and even snap other content around the gameplay depending on your mood. It is simultaneously the perfect execution of full body lazy mode and the next huge step towards consoles without physical media.The obvious question that must be asked next is how much space do all of these games take up, and that’s a question we now have the answer to…Assassin’s Creed IV: Black Flag – 20GBBattlefield 4 – 33GBCall of Duty: Ghosts – 39GBDead Rising 3 – 19GBFIFA 14 – 8GBFighter Within – 9.2GBForza Motorsport 5 – 31GBJust Dance 2014 – 22GBKiller Instinct – 3.4GBLococycle – 13GBMadden NFL 25 – 12GBNBA 2K14 – 43GBNBA Live 14 – 9GBPowerstar Golf – 3.9GBRyse: Son of Rome – 34GBSkylanders: Swap Force – 15GBXbox Fitness – 246MBZoo Tycoon – 2.6GBZumba: World Party – 24GBIt’s going to take you a little while to fill up that 500GB hard drive built into the Xbox One, but by glancing at these numbers it’s pretty clear that if you went the all digital route you’ll eventually have to make some storage decisions. This goes double for any of you out there ready to record your gameplay on the fly and share it with friends.This isn’t a surprising list, though it is a little funny to see Zumba: Word Party and Just Dance 2014 taking up more space than Dead Rising 3 and Assassin’s Creed IV: Black Flag.last_img read more

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