3 February 2016 – Government is ready to welcome delegates to the annual Investing in African Mining Indaba to be held in Cape Town. The indaba will also showcase the country’s prowess in the areas of mining and related fields.• Download media advisoryThe Indaba, to be held from 8th to 11th February 2016 in Cape Town, is the world’s largest gathering of mining’s most influential stakeholders and decision-makers on the African continent.Government activities will commence with the Minister of Mineral Resources Mr Mosebenzi J Mosebenzi (MP) officially opening the Indaba on Monday, 8th of February 2016.The opening of the Mining Indaba by Minister Zwane will be followed by a media briefing.The media briefing is scheduled to take place as follows:Date: Monday, 08 February 2016Time: 10:00 – 12:30Venue: Westin Hotel, Marco Polo Board Room, Cape Town, Western Cape ProvinceMinister Zwane will thereafter, together with the Ministers of Trade and Industry Dr Davies, Economic Development Mr Patell, Communications Ms Muthambi, Monitoring and Evaluation Mr Radebe and Public Enterprise Ms Brown, host an Investment Dialogue under the theme: “Driving competitiveness and ensuring growth and stability”.Details of the dialogue are as follows:Date: Monday, 08 February 2016Time: 14:00 – 16:00Venue: Auditorium IIPLEASE NOTE THAT ONLY ACCREDITED MEDIA WILL ACCESS THE VENUE, to register log on: https://www.miningindaba.comKindly confirm attendance with Neliswa Chiloane by Friday, 5th of February 2016, at the following email address: Neliswa.Chiloane@dmr.gov.zaEnds-Issued by the Department of Mineral Resources
The National Green Tribunal on Wednesday came down heavily on the National Highways Authority of India for not maintaining green cover along national highways.Rapping the NHAI for not implementing the policy to maintain a mandatory green cover along the highways, a Bench headed by NGT chairperson Justice Adarsh Kumar Goel said, “You are befooling everyone. You are not planting trees. All highways have marriage places along the road instead of trees. Why are you allowing construction along the highways?”Big buildings Dismissing the NHAI’s contention that its green highway policy is being implemented, the Bench said, “All you have on paper is fraud. All things stated in the affidavit are also false. Big buildings are overlooking the roads. You cannot construct anything within 50 metres.”The green panel’s observations came following a plea moved by an NGO, Society for Protection of Culture, Heritage, Environment, Traditions and Promotion of National Awareness, that sought execution of an earlier order of the tribunal.The petitioner NGO was seeking execution of the September 2017 NGT order where the NHAI had assured that its Green Highways (Plantation, Transplantation, Beautification and Maintenance) Policy will be implemented.
“It’s time to reach out”Kamal NathKAMAL NATH UNION MINISTER FOR COMMERCE & INDUSTRYGlobalisation means different things to different people. It means different things to different professions. It means different things to different countries. There are two distinct views on what globalisation means-to the farmer in Burkina Faso and the farmer,”It’s time to reach out”Kamal NathKAMAL NATH UNION MINISTER FOR COMMERCE & INDUSTRYGlobalisation means different things to different people. It means different things to different professions. It means different things to different countries. There are two distinct views on what globalisation means-to the farmer in Burkina Faso and the farmer in the United States. Nevertheless, globalisation does have a common message: geography is history.When we embarked on globalisation, the challenge before us was: what is the model we follow? And the lesson we learnt was that there is no model for India. We had to globalise. And when we talk about our economic reforms, we, in other words, talk of globalisation, we discuss how we are going to engage with the global economy. Today we have seen the mass of economic activity shifting from the Atlantic Ocean to the Indian Ocean. People talk about outsourcing and loss of jobs. It is not outsourcing that led to loss of jobs, it was technology. The new global social architecture is driven by globalisation and technology. At the heart of globalisation lies global competitiveness. If India hadn’t been engaged with the global economy, we would have never reached the competitive levels we have reached today. It’s this great change which took place in a calibrated manner.LET’S ENSURE GLOBALISATION REACHES THE 300 MILLION PEOPLE WHO LIVE ON LESS THAN A DOLLAR PER DAY. But does globalisation affect the lives of 300 million people who live on less than one dollar a day? What do we tell the thousands of villagers who have never ever heard the ring of a landline telephone when we talk about six million new cell phone connections a day? To them, to our villagers, globalisation is still an abstract concept. If I go to my district, I cannot talk of globalisation to people. Their worry is about getting their children into school, about health care and power. And in a democracy, as you know, you will be sent packing home if you are going to talk a language which people do not relate to. So that is the challenge before us today.Take the controversy on SEZs and the political furore in some parts of the country. SEZs are simply an industrial cluster with an infrastructure meant for exports. You don’t require experts to tell you that land has to be there for industry. But when you want to acquire land, it has to be in a fair, equitable, all-inclusive manner, Today 10 people depend on one hectare of land. Unless their subsistence needs of income and livelihood are addressed there would be no equity and no sustainability in globalisation.advertisementAnd that is the biggest challenge of globalisation today. And here we have now voices, voices emerging. The greatest champions of globalisation-particularly the US-are now talking about guarding themselves against this rampant globalisation. India, on the other hand, is now engaging with the world saying we need to globalise. India has to globalise. It is not only that the world’s perception about India has changed. Our own perception about ourselves is changing. We no more talk about better lives for our children and grand children. We talk of better life in our own lifetime. That is the new-found confidence which globalisation has brought about in India. And we need to ensure that this process of globalisation reaches out.”Is it sustainable?”Clyde PrestowizCLYDE PRESTOWIZ PRESIDENT, ECONOMIC STRATEGY INSTITUTE, WASHINGTON D.C.Let me give you a personal example about doing business in a flat world. Last weekend my son who is a software developer asked me if I would co-invest in a snow removing business? He explained that the company had all the equipment and contracts and a monopoly. I asked why invest in a snow removing business? After all he studied computer science. He said, “Don’t you get it? The snow is here and they can’t move it to India, it can’t be outsourced.” Another time I had to be taken to a hospital as they thought I was having a stroke. It was about three in the morning and they did a brain scan. There were two interesting facts: I had a brain and that the scan was being read online in Bangalore. My radiologist had been outsourced.So, this is doing business in the so-called flat world. But, it raises obvious questions about where is all this going. If the radiologists are all going to be in Bangalore and the software is all going to be done in Bangalore and the manufacturing is all going to be done in China, where is this going? It is a fascinating question. Countries are doing studies, benchmarking against others on competitiveness and finding new technologies. And they have got prime ministerlevel committees and cabinet committees and all their business communities are focusing on what they are going to do to compete in the future, because they are scared to death of the challenge being posed by India, by China, by the rest of the developing world and the question is, you know: what are we going to do?advertisementCompetitiveness is important but we need to be just as concerned about access to markets. And, in fact, the world is much less flat than we have been admitting. I also want to turn to something that I think is, in a way, much more significant and much more dangerous. As we look at the tremendous benefits that globalisation is generating right now today, think about how sustainable the current situation is. Will the Americans be able to indefinitely consume more than they produce? Will the Chinese, the Japanese and the OPEC indefinitely buy the American treasury bonds to finance their exports to the US? Will the dollar remain the world’s currency? Will oil be priced in dollars in ten years? Will semiconductors be sold in dollars in ten years? Is this sustainable? Nobody knows the answer to this but that it is something that those of us who are benefiting from and promoting globalisation, should be addressing.DiscussionQ. You spoke about inclusive growth, particularly for the rural farm workers. At the same time, the developed world, specially the US is unlikely to cut subsidies. How does this balance out? Nath: When I was talking about structural flaws, one of the greatest structural flaws in the world trade is agriculture and the flaw in agriculture is huge subsidies given by the European Union and the United States amounting to almost $1 billion per day. Just the US has subsidies of $75 billion to agriculture. Take cotton. We import about $500 mn of cotton and convert to yarn and garments and sell it to the US. But there is also subsidised wheat, rice, meat, soya etc. Unless the issue of subsidies is resolved the impasse will continue. Without this it won’t be trade or trade flow but subsidies flow. The competition is not the US farmer but the US Treasury.Q. The unstoppable consumption by the US citizens is also putting a huge load on the sustainability of the planet. They won’t sign Kyoto protocol but want others to curb energy consumption. How will this play out in the long run? Prestowitz: I think it is an even more daunting and challenging issue. The US accounts for about five percent of global population and 30-33 percent of global consumption. So, you can justly criticise the profligacy and the hypocrisy of the US. But you are still left with the problem as nobody tells the US anything as everybody wants to sell to the Americans. I think we need a global solution because if the rest of the world did nothing there will be a global financial crisis.advertisementQ. It is profitable for the US to produce less and import from the outside world. That enables them to free resources for technology driven growth. How will consumption reduce if they remain net consumers? Prestowitz: Any economy needs consumers and producers. You can’t have an economy where there is no consumption, no production. The difficulty I see in the world economy today is that there is a kind of lack of consumers. In the US, there are no savings; we are financing our consumption by importing foreign capital. So, effectively Americans are mortgaging their future or the future of their children. The way the US is borrowing today, if it was an individual it would have been bankrupt. Ditto if it was a corporate. What would happen if East Asian countries do not politically support the United States? Suppose they manage their currency. It may so happen that the dollar would get devalued. What will happen? Will there be imbalance in the world? Paul Walker, the former chairman of the Federal Reserve recently predicted a 75 percent chance of a global financial crisis within the next four years. I believe that the dollar will devalue between 50 and 70 percent on a traded basis, sometime within the next 5-7 years. China as you know is putting together an investment fund in order to begin investing its reserves in something other than the US treasury bills. And all of that suggests to me an eventual move away from the dollar.
Brazil 2 Ecuador 0: Barca target Coutinho and Paulinho inspire win Sacha Pisani Last updated 2 years ago 10:43 9/1/17 Getty Images Philippe Coutinho and potential Barcelona team-mate Paulinho inspired Brazil to victory over Ecuador in Porto Alegre. Barcelona target Philippe Coutinho came off the bench and scored as Brazil defeated Ecuador 2-0 to seal their position as winners of the CONMEBOL World Cup qualifying section.Coutinho was named on the bench for Thursday’s qualifier in Porto Alegre having not played for Liverpool this season due to a back problem and illness amid ongoing speculation linking him with Barca.But the Liverpool star put uncertainty surrounding his future aside to double Brazil’s lead with 14 minutes remaining after a stunning one-two with team-mate Gabriel Jesus. Article continues below Editors’ Picks Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina It was a sight to excite Barca fans after new signing Paulinho broke Ecuador’s stubborn resistance seven minutes earlier – his fourth goal in four internationals.Already assured of their spot at the World Cup in Russia next year, Brazil cannot be caught atop the South American standings after moving 11 points clear of second-placed Colombia with three games remaining, while Ecuador are seventh and three points adrift of the play-off position.There were no surprises in Brazil’s starting XI following their 4-0 friendly rout of Australia in June as the world’s most expensive player Neymar headlined Tite’s line-up, which also included Jesus, Willian, Casemiro, Marcelo and Dani Alves, who did not play in March’s 3-0 qualifying win at home to Paraguay.Ecuador – who lost 2-0 to Colombia in their most recent qualifier – named the likes of Antonio Valencia, Enner Valencia, Christian Noboa and Gabriel Achilier.The first half did not reach any real heights as Brazil – devoid of ideas and synergy – struggled against a resolute Ecuador side.Barcelona recruit Paulinho tried his luck early, while Chelsea attacker Willian went close inside 10 minutes.Manchester City star Jesus almost opened the scoring just past the half-hour mark after outmuscling his opponent en route to goal but Ecuador goalkeeper Maximo Banguera was up to the task, using a strong hand to push the ball away for a corner.Jesus came close again 11 minutes into the second half after being picked out by Alves with a sublime cross but his close-range header was saved.The 20-year-old forward was thwarted minutes later as Ecuador defender Robert Arboleda glanced a header away before Jesus could head home the opener.Seeking a goal, Tite introduced Coutinho before the hour-mark – his first playing time of the 2017-18 season – but it was his potential Barca team-mate Paulinho who broke the deadlock.Paulinho lashed home the opener from just outside the six-yard box with 20 minutes remaining following Willian’s corner.Brazil could smell blood as Banguera denied Willian and Neymar with back-to-back saves only moments later.But Banguera was unable to deny Coutinho, who combined with Jesus before side-footing into the net in the 76th minute. read more
zoomImage Courtesy: Conrad Industries US shipbuilder Conrad Industries has delivered the Clean Jacksonville, the first LNG bunker barge built in North America.The Clean Jacksonville, which was constructed at Conrad Orange Shipyard in Texas, conducted safe and successful gas trials in Port Fourchon, Louisiana.The vessel will enter service for TOTE Maritime Puerto Rico in the Port of Jacksonville, where it will bunker two Marlin Class containerships operating on LNG fuel between Jacksonville and San Juan, Puerto Rico.“It is the first LNG bunker barge built in North America. It is the first time the GTT membrane system has been installed in a non self-propelled barge in the U.S. It is the first time an LNG bunker mast of this type has been built. The list goes on,” Johnny Conrad, President and CEO of Conrad Industries, said.“The use of LNG as a maritime fuel results in tremendous environmental benefits – including air and water quality improvements – and this barge is the final critical component of our LNG program in Jacksonville,” Tim Nolan, President and CEO of TOTE, said.
The video market on fixed and mobile networks worldwide is likely to grow by an average of 3.2% between now and 2025, according to French research group IDATE.The estimated growth figures include average 2% growth for live TV and 14% annual growth for on-demand services.Growth will be lower in developed markets, according to IDATE. Across Germany, France, the UK, Italy, and Spain, average annual growth will stand at 1.6% from 2013 to 2025, with the live TV market, including broadcasters’ catch-up TV services, in decline by 0.7%, while on-demand services experience an average annual increase of 18.5%.IDATE said that, while growth was likely to follow this ‘middle of the road’ pattern, it has also provided best and worst case scenarios. In the worst case, it said, disruptive entrants will lead the video services market in the top five EU states to decline by an average of 0.8% a year. In the best, case, growth could amount to 3.9% annually, including 2% growth for live broadcasting services.