Indonesia sees China firms lead ‘commitment’ for $35b nickel investments

first_imgThe companies, along with others including Tsingshan Holding Group and Delong Holdings, currently have around $16 billion invested in Indonesia and “made a commitment” to the minister to increase their collective investment to around $20.9 billion by 2024 and to around $35 billion by 2033, said Jodi.“They will collaborate with investors from France, Japan, South Korea, Australia and other countries,” Jodi said.The companies are planning to expand their nickel processing capacity in Indonesia, as well as investing in petrochemicals and stainless steel, he added.CATL, Ningbo Lygend and a Tsingshan representative declined to comment, while Delong Holdings could not immediately be reached.Indonesia, a major nickel ore producer, is keen to expand as a nickel processing hub, starting from steel, to extracting battery grade chemicals from the ore, and eventually producing batteries for electric vehicles (EVs) and building EVs.A group of Indonesian state-owned companies are planning to form a venture to make batteries for EVs, the chief executive of Mining Industry Indonesia said this week, and the new company would partner with Chinese and Korean firms on projects valued at $12 billion.Indonesia was the largest nickel ore exporter until it stopped exports in January to ensure there were enough raw materials for investors to use in the country.Topics : Indonesia expects to see investment in nickel processing, as well as petrochemicals, double to US$35 billion by 2033, led by investors from China seeking to expand their businesses in Southeast Asia’s biggest economy.Chinese steel and battery companies operating in Indonesia met with the country’s Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan during his recent visit to Yunnan province, the minister’s spokesman Jodi Mahardi said.Among the projects discussed was a plan by China’s Contemporary Amperex Technology Co Ltd (CATL) and Ningbo Lygend Mining Co to create an integrated lithium battery production facility, according to Jodi, who said it would be their largest such facility in the world.last_img read more

Plexus seals POS-GRIP deal with Spirit Energy

first_img“This order is for a gas production well, and as the cleanest hydrocarbon to combust in terms of CO2 emissions, natural gas is increasingly viewed as a key transitional fuel, as the world moves towards net zero emissions. Significantly, it is Plexus’ first major order since the COVID-19 pandemic. “A key assumption behind this view is that harmful fugitive methane emissions can and must be eradicated from the entirety of the natural gas consumption chain. The wellhead delivery to Spirit Energy should take place in February 2021. Plexus’ CEO Ben Van Bilderbeek said, Plexus has secured a purchase order for a POS-GRIP surface production wellhead system from Spirit Energy. “At the well-site, POS-GRIP’s leak-proof wellheads can do that. It is also in line with the company’s strategy to extend the application of its POS-GRIP technology beyond jack-up exploration.center_img The order from Spirit Energy includes Plexus’ POS-GRIP 5,000psi leak proof “HG” metal to metal sealing surface production wellhead and associated spares and equipment for a new gas well in the UK North Sea. This is the second purchase order for a surface production wellhead that Plexus won from Spirit Energy (Centrica). Specifically, this includes oil and gas production, geothermal and other applications. The contract should last approximately 120 days, with most of the revenues booked during the company’s 2020/21 financial year. Under the contract, Plexus will receive milestone payments following the signing of the purchase order through to completion. “We believe our production technology delivers economic and environmental proposition for the surface production operations we are targeting.”last_img read more

ORVC Weekly Report (January 27-February 1)

first_imgThe ORVC Weekly Report for January 27-February 1.Players of the Week.Girls Basketball:  Brooke Todd-Switzerland County.Boys Basketball:  Austin Clark-Switzerland County.ORVC Weekly Report (January 27-February 1)Submitted by ORVC Recorder Travis Calvert.last_img

Football News IOA lacks competence to understand that football is global sport, says AIFF

first_img For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The All India Football Federation (AIFF) on Sunday alleged that Narinder Batra-led Indian Olympic Association (IOA) ‘lacks vision and competence’ after the national football team was not cleared for participation in the upcoming Asian Games in Indonesia.”It’s clear the IOA lacks the vision and competence to understand that football is a global sport played by 212 countries and that the top 5 teams in Asia play in the FIFA World Cup where the level of competition is far superior to the Asian Games,” the AIFF said in a statement.This will be the first time since the 1994 Hiroshima edition that an Indian team will not take part in the football competition of the Asian Games, which is an U-23 event with three over-age players being allowed.As per IOA regulations, only those national teams which are ranked between 1-8 at the continental level, were cleared for the Games.Accordingly, ‘Blue Tigers’, who are currently ranked 14 in Asia were denied an opportunity despite a string of good performances in international matches of late.India have qualified for the marquee Asian Cup after a gap of eight years, having last played 2011.“In fact, the premier football competition in Asia is the AFC Asian Cup where India has qualified after 8 years. IOA’s stance and myopic view comes in sharp contrast to the support of both the Ministry of Youth Affairs and Sports and Sports Authority of India, both of whom who have been hugely supportive of Indian Football and recognised AIFF’s efforts in the last 3 years,” AIFF said.It was also learnt that AIFF president Praful Patel had called up Batra, secretary-general Rajeev Mehta and the tainted Lalit Bhanot (Chairman, Preparation Committee, Asian Games) explaining them the circumstances and also sent letters.“However, disregarding all facts, the IOA chose to stick to its original stance of sending teams ranked between 1-8 to take part, thus turning a blind eye to Indian football in the continental Games.“It is indeed a sad state of affairs for sport in India that the IOA is unable to distinguish the specific needs of each sport in the country. The IOA was never even bothered to even once discuss with the AIFF the strategy and plans for developing football in India,” the AIFF alleged. last_img read more

Fernandinho Close to Extending Man City Contract

first_imgBrazilian Fernandinho has confirmed that he is close The arrival of Rodri in the summer – who operates in a similar role – seemed to signal the beginning of the end of Fernandinho’s Premier League career. However, reports have emerged recently suggesting that the 34-year-old would soon be extending his stay at the Etihad Stadium.The player has now confirmed this in an interview with ESPN Brazil, revealing that he is close to signing a new deal with the Citizens.” When I renewed at the end of 2018, we put a clause that if I reached certain goals, my contract would be renewed automatically,” Fernandinho said after his side’s 3-1 Carabao Cup victory over city rivals Manchester United.” Conversations have already started, we talked about it last month. I am close to reaching those goals and renewing the contract, but we can only confirm it after signing.“The club have already shown interest in me staying, I have also shown (my interest) in staying.”Due to an injury to Aymeric Laporte and the indifferent form of Nicolas Otamendi, Fernandinho has largely been deployed as a centre back this season, in a move mimicking the transformations made by the likes of Javier Mascherano and Javi Martinez under Pep Guardiola.The Brazilian has claimed that he is thankful of the positional change as it has allowed him to extend his career at the top level.” It’s good as long as you can be at the highest level,” Fernandinho said when asked if he enjoyed playing in defence. “Playing in a different position opens up the range of learning.“In defence, I see the game in a different way. It has been very cool and the guidance I have received from Pep has been very good.“At 34, playing in the Premier League is a source of pride. Many, many players wanted to be experiencing what I am experiencing.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram WINTER TRANSFERFernandinho has confirmed that he is close to extending his contract at Manchester City, which expires at the end of the season.The Brazilian has been a vital player for City since joining from Shakhtar Donetsk in 2013, making close to 300 appearances and winning a number of trophies, including three Premier League titles.last_img read more

Manchester City Overturn Two-year Ban from European Competition on Appeal to…

first_imgUefa issued the ban in February after ruling City had committed “serious breaches” of Financial Fair Play regulations between 2012 and 2016.City’s fine has been cut from €30m (£26.9m) to €10m.In delivering the ruling, Cas said City did “fail to cooperate with Uefa authorities” but overturned the decision by Uefa’s club financial control body (CFCB) to ban them.City said the decision was “validation of the club’s position and the body of evidence that it was able to present”.“The club wishes to thank the panel members for their diligence and the due process that they administered,” City added.Cas’ ruling means City, who are guaranteed to finish second in the Premier League this season, will play in the 2020-21 Champions League.In this year’s competition, Pep Guardiola’s side face Real Madrid in their last-16 second leg at Etihad Stadium on 7 August.They lead 2-1 from the first leg in Madrid and will face Juventus or Lyon in the quarter-finals, which will be held in Lisbon, if they progress.The Cas statement continued: “The award emphasised that most of the alleged breaches reported by the adjudicatory chamber of the CFCB were either not established or time-barred.“As the charges with respect to any dishonest concealment of equity funding were clearly more significant violations than obstructing the CFCB’s investigations, it was not appropriate to impose a ban on participating in Uefa’s club competitions for Manchester City’s failure to co-operate with the CFCB’s investigations alone.”On reducing the fine, Cas said that, while it considered “the importance of the co-operation of clubs in investigations conducted by the CFCB” and Manchester City’s “disregard of such principle and its obstruction of the investigations”, the Cas panel “considered it appropriate to reduce Uefa’s initial fine by two-thirds”.It added: “The final award with reasons will be published on the Cas website in a few days.” (BBC)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Manchester City have successfully overturned their two-year ban from European club competitions.The Court of Arbitration for Sport (Cas) announced the club were cleared of “disguising equity funds as sponsorship contributions”.last_img read more

Courts enforce liability

first_imgThe California Supreme Court declared Monday that hosts who charge a cover fee for entrance into parties can be held liable for underage drinkers who become intoxicated and cause harm to others or themselves, according to the Los Angeles Times.The court ultimately decided in an unanimous ruling that a cover charge for a party was tantamount to a sale of alcohol and that if minors were present, the hosts would be violating state law.Some students worry about the implications the ruling has for college campuses such as USC, where some parties have cover fees.Lauren Egan, a sophomore majoring in industrial and systems engineering, disagrees with the ruling and believes that it is an issue of individual responsibility.“I don’t think an organization or a party host should be held responsible,” Egan said. “I think there’s a lot of finger pointing in general. We are legally adults, a lot of us are from 18 to 21 years old and I think that’s old enough to be aware of how much we’re consuming and policing ourselves and to be aware of our actions.”Other students, such as Max Quilici, a sophomore majoring in pop music, found reason in the court’s ruling.“I think that decision makes sense to me,” Quilici said. “If a bar is letting people in and selling alcohol to customers, they’re expected to make sure the customers are of age. If you’re the host of a party, it makes sense that you would be expected to make sure the attendees are of age if you’re furnishing alcohol.”Quilici, however, also believes that cover fees at student parties can be a positive thing for USC students and organizations.“I think it’s awesome and I’ve seen a lot of young bands fund parts of their record from covers and donations at parties,” he said.The USC SoCal Vocals, a student a cappella group, is one organization that has used cover fees at parties as fundraising that goes beyond offsetting the costs of alcohol.“The cover charge our student organization has for parties is not necessarily exclusively used to cover costs of music or drinks and the throwing of the party itself, but for endeavors and goals we are pursuing as a group,” said Myles Nuzzi, business manager for the SoCal Vocals, in an email.Nuzzi mentioned that the SoCal Vocals used money they fundraised from cover charges at parties to enable them to release an album and compete in international competitions.“The cost of recording and mixing tracks is astronomical,” Nuzzi wrote. “If we were not able to host parties, we would have trouble pursuing all of these efforts, as would many student organizations who are constantly fundraising.”In light of the new ruling, Nuzzi encouraged campus organizations to explore alternative methods of fundraising. He mentioned that the SoCal Vocals uses Kickstarter, Indiegogo, album sales and performances already.“Parties are not the end-all,” he wrote.Other student organizations that host parties for fundraising were contacted but did not reply in time for print.last_img read more

GVC, William Hill and bet365 top the list of GambleAware donations

first_img According to recent figures released by GambleAware, UK operators GVC Holdings, William Hill and bet365 have topped the list of donations received by the charity, having given a combined amount of over £3.3m in 2018/19.GambleAware published its list of donations for the twelve months ending 31 March 2019. It has been pointed out that GVC Holdings, the umbrella group for Ladbrokes and Coral, had donated over £1.46m to the charity during the year. William Hill was recognised for its £1m donation, while bet365 had donated £868,000 over the year. Marc Etches, CEO of GambleAware, commented: “At a time when GambleAware has moved to be completely independent of the gambling industry, it is encouraging that fundraising has reached a record £9.6 million in the last 12 months. This is still below the minimum of £10 million we had asked for but with the help of £7.3 million in regulatory settlements we are well placed to deliver our strategic priorities.“GambleAware is at the forefront of commissioning a National Gambling Treatment Service, working with the NHS and others such as Citizens Advice to help direct people to the right intervention. However, there are two million adults suffering some level of harm and less than three per cent of the reported number of problem gamblers access services currently so it is clear there is much more to be done.“Meeting our existing commitments will require a minimum of £10 million in the next 12 months but the National Strategy to Reduce Gambling Harms will require a significant step-up in funding from April 2020.”Paddy Power Betfair and Camelot UK Lotteries came high on the list of donors to the industry charity, with donations of £445,000 and £390,000 respectively. The list of contributors consists of operators and suppliers in the industry, in addition to donations in the form of unclaimed winnings, dormant accounts and other funds.The funds are used by the charity to help the development of initiatives targeted towards the prevention and treatment of problem gambling across the industry. Etches continued: “We ask all those who profit from the gambling industry in Great Britain, whether or not they hold a licence from the Gambling Commission, to donate a minimum of 0.1% of their annual Gross Gambling Yield (GGY) directly to GambleAware.“GambleAware is at the forefront of commissioning a National Gambling Treatment Service, working with the NHS and others to help direct people to the right intervention. GambleAware has commissioned specialist treatment for gambling addiction and Central & North West London NHS Foundation Trust since 2008 and in the summer a second specialist clinic will open in collaboration with Leeds and York Partnership NHS Foundation Trust. GambleAware also commissions treatment in a residential setting via the Gordon Moody Association. “And for those who need less intensive treatment, there is a national network of providers, led by GamCare. Last year, 30,000 people received advice from the National Gambling Helpline and 9,000 people were treated. Taken together, the National Gambling Treatment Service provides safe, effective treatment and support, free at the point of use, for people across Britain who are addicted to gambling.” Share Submit GambleAware: Engage those with lived experience of gambling harms August 28, 2020 Share GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 StumbleUpon Related Articles SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020last_img read more

Elizabeth Addo: Black Queens captain scores as Jiangsu Suning lift title

first_imgBlack Queens captain, Elizabeth Addo, was on the score sheet as her club Jiangsu Suning retained the Chinese Women’s Championship title on Monday thanks to a 3-0 win over Dalian Quanjian.Going into the final, Addo, had provided two assists  in their 7-1 semi-final win over Changchun.Tang Jiali helped Jiangsu gain a 2-0 first-half lead before Addo’s second-half effort helped them to retain the coveted crown.“Ama Pele” poses with the trophyIt was the Ghana international’s third goal in eight games in all competitions and she has now won her first silverware in China since moving to the Asian nation in April.Jiangsu are now back-to-back winners after they defeated Dalian by the same score at the Weifang Sports Center Stadium to clinch the trophy last year.last_img

Revealed:Mohammed Alhassan appointed as PRO of Inter Allies FC

first_imgThe management and directors of newly promoted Ghana premier league side Inter Allies football club have appointed ace broadcast sports journalist Mohammed Alhassan as the club’s Public/Media Relations Officer.A statement signed by the club’s Delali Eric Senaya, Chief Executive and brands manager , says the appointment forms part of the newcomers strategic plans to position themselves in the public, as well as promote the club’s image in the 2013/2014 premier league.Alhassan who has over ten years of media experience would be in charge of human relations, communications and Marketing of Inter Allies FC with immediate effect.The Club and its Soccer Academy is owned and run by Three Directors namely Omar EL-Eter, Rabeh EL-Eter, and Delali Eric Senaye.last_img