Monthly archives: December, 2013

Rio Tinto: Senior management changes

Rio Tinto has appointed Greg Lilleyman as the new group executive, Technology & Innovation (T&I) following the retirement of Preston Chiaro at the end of March 2014. Greg’s appointment is effective from 1 January 2014. Preston Chiaro joined Rio Tinto in 1991 as vice president, Technical Services, at Kennecott Utah Copper’s Bingham Canyon mine. Since …

Climate Change and Agriculture in East Africa

December 9, 2013, Bujumbura, Burundi—Population growth in East Africa is among the highest in the world and could worsen food insecurity, which is already severe. Arable areas in the region are under severe pressure to increase their productivity to feed a rapidly increasing human population. Climate change could exacerbate the situation; adaptation is essential for …

250M USD for Lazada : UK retail giant Tesco becomes investor

Singapore, 9/12/2013 –  Lazada,  Southeast Asia’s largest online shopping mall, raises a large funding round from a group of investors including  Tesco PLC,  Access Industries,  Investment AB Kinnevik and Verlinvest,  which adds approximately US$250 million of cash to Lazada’s balance sheet. This marks the first investment by multichannel retailer Tesco into a pure online player in the region and is the starting point …

Production of Sponge Steel

The Minister of Steel, Shri Beni Prasad Verma has said that India has been the largest producer of sponge iron during each of the last three years and the current year as shown below:- Production for sale of Sponge Iron (million tonnes or mt) 2010-11 25.081 2011-12 19.633 2012-13* 19.768 April-October 2013* 10.607 Source: JPC; …

Power Generation from Various Renewable Energy Sources

 A potential of about 2,45,000 MW has been estimated from different renewable energy sources which include over 1,00,000 MW each from Wind & Solar Energy, 20,000 MW from Small Hydro Power (SHP) and balance 25,000 MW from different Bio-energy sources. Assessment of renewable energy potential is an on-going exercise. The total installed capacity of power generation …

Special Economic Zones

In terms of Rule 6(2) (a) of the Special Economic Zones Rules, 2006, the letter of approval granted to a SEZ developer is valid for a period of three years within which time effective steps are to be taken by the developer to implement the approved project. The Board of Approval may, on an application …

CIL rationalizes the price of non-coking coal

Coal India Limited (CIL) has revised and rationalized the price of non-coking coal for all its subsidiary companies including North Eastern Coalfields (NEC) and the Non Linked Washery (NLW) coal of BCCL from 28.05.2013. The Surface Transportation Charges (STC) have also been revised from 14.11.2013. The details of the price revision for coal supply to the Power Utilities [including …

ISS Australia expands services with acquisition of marine survey specialists Christy & Griffin

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is expanding its services into the maritime survey sector following its acquisition of Christy & Griffin, a leading marine surveying and consultancy business in New South Wales. The acquisition is an important milestone in the development of ISS Australia which will not only expand its …