Latest news with #PIL
Business Insider
13 hours ago
- Business
- Business Insider
Nigeria's largest container terminal receives first LNG-powered vessel
Nigeria's largest container terminal, APM Terminals Apapa, has marked a historic milestone with the arrival of Kota Oasis, the first LNG-powered vessel to berth in the terminal. APM Terminals Apapa, Nigeria's largest container terminal, achieved a milestone with the docking of the LNG-powered ship Kota Oasis. The Kota Oasis, owned by Pacific International Lines, showcases advancements in environmentally sustainable maritime technology. This landmark event, marked by the arrival of an LNG-powered vessel, signals a significant step forward in the Nigeria's maritime and environmental evolution, showcasing a growing commitment to cleaner, more sustainable shipping practices. The Kota Oasis, a 260-meter-long and 46-meter-wide vessel with a gross tonnage of 77,850, sails under the Singaporean flag and is owned by Pacific International Lines (PIL). As the fifth LNG-powered ship in PIL's fleet and the first of its new "O" class, it marks a significant step towards sustainable shipping. According to Olawunmi Akinyemi, Head of Operations for PIL Nigeria, " The arrival of 'Kota Oasis' is a major achievement that reinforces the company's dedication to the Nigerian and West African markets." The vessel is equipped with advanced X-DF engines featuring Intelligent Control by Exhaust Recycling, reducing methane slip and environmental impact. With low emissions and compliance with IMO Tier III regulations, the Kota Oasis is one of the most environmentally friendly vessels in its class. LNG-powered vessels in West Africa The switch to LNG-powered container vessels marks a significant shift toward cleaner, more sustainable commercial shipping operations. Nigeria has, before now, welcomed LNG-powered vessels. In January 2024, CMA CGM Scandola, a 14,812 TEU LNG-powered container vessel, berthed at Lekki Deep Sea Port, becoming the first of its kind to call at a Nigerian port. The 366-meter-long ship had earlier stopped in Tema (Ghana) and later proceeded to Abidjan (Côte d'Ivoire) and Pointe-Noire (Rep. of Congo), marking its historic voyage through major West and Central African ports. With a capacity of 15,000 TEUs, it remains one of the largest vessels to visit the region Nigerian ports hit milestone Nigerian ports have recently marked a wave of historic milestones, highlighting their rising capacity and strategic role in West African trade. At the Lagos Port Complex, APM Terminals Apapa made history with the arrival of EA Centaurus, the largest container vessel ever to call at the terminal. Onne Multipurpose Terminal welcomed Kota Carum, the biggest ship the port has handled to date.
India Today
2 days ago
- Politics
- India Today
High Court orders Centre to resume MGNREGA in West Bengal from August 1
The Calcutta High Court has ordered the Central Government to resume implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in West Bengal from August project had been stalled for nearly three years in the state, as allegations of corruption led to a political blame game between the Trinamool Congress (TMC) and the Bharatiya Janata Party (BJP).advertisementA division bench comprising Chief Justice T S Sivagnanam and Justice Chaitali Chatterjee Das has now ordered the implementation of the scheme. The bench noted that neither the Centre nor the State had taken any action against those involved in the alleged corruption, which had delayed the scheme's implementation in Bengal."The Centre has sufficient power. The Centre will start this scheme not only in four districts but across the entire state from August 1. The Centre may impose any conditions or restrictions it deems necessary, so that the corruption which occurred previously is not repeated," the court High Court's order followed a Public Interest Litigation (PIL) that claimed the poor were being denied their legitimate entitlement under the Act, which guarantees 100 days of employment per year to rural households. BJP leader Suvendu Adhikari had also filed a case in this regard, which was subsequently merged with the to the order, Trinamool leader Kunal Ghosh said, "The state government will respond to this development in detail... But we want to say that today's order vindicated our stance and our fight for the central funds. The central government was blocking Bengal's funds illegally and in a discriminatory manner.""Such discrimination should not happen in the country. They pointed fingers at Bengal, but the Gujarat minister's son was involved in the MGNREGA scam, and fake job cards were found in Uttar Pradesh..." Ghosh Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was enacted in 2005 and came into force on February 2, 2006, initially covering 200 districts. It was later expanded to include all rural districts across scheme guarantees 100 days of wage employment per year to rural households, aiming to enhance livelihood security, reduce poverty, and create durable rural assets, while promoting inclusive development through unskilled manual work on public Watch
Cision Canada
3 days ago
- Business
- Cision Canada
Finlay Minerals announces the commencement of the 2025 PIL & ATTY Property Exploration Programs
VANCOUVER, BC, June 18, 2025 /CNW/ - Finlay Minerals Ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the start of the 2025 exploration programs for its PIL and ATTY Properties within the Toodoggone Mining District of Northern British Columbia. These programs are fully funded under the Earn-In Agreements with Freeport-McMoRan Mineral Properties Canada Inc. ("Freeport"). Under these agreements, Freeport can earn up to an 80% interest in each property by investing $35 million in exploration expenditures and making cash payments of $4.1 million over a period of six years. (Reference #1). The exploration programs at PIL and ATTY are designed to best outline and prioritize as many targets as possible for drill testing in 2026. The 2025 programs at both PIL and ATTY will consist of the following activities with Finlay acting as Operator: Detailed, property-wide ,100 metre ("m") line-spaced airborne magnetic surveys; extensive induced polarization ("IP") geophysical surveys; detailed geological and alteration mapping and expanded rock and soil sampling on up to 8 target areas on the PIL and up to 3 target areas on the ATTY depending on weather and conditions. The exploration crews are anticipated to arrive on the PIL Property in the coming week and the exploration programs are expected to extend into late August. Finlay will provide additional updates on the progress and results of the exploration programs as they become available in the coming months. Finlay's President and CEO, Ilona Lindsay, states: " The proposed exploration programs for 2025 will permit us to continue to advance these promising projects through systematic exploration," says Lindsay. "We are excited to build on the successes of previous exploration campaigns, especially given the highly encouraging results seen at the PIL South and in the Wrich area. Freeport's expertise and funding significantly enhances our ability to carry out systemic and comprehensive exploration across both properties. This is a transformative opportunity for Finlay Minerals." PIL Property: Exploration on the PIL Property will focus on the western Toodoggone porphyry corridor that includes Freeport and Amarc's newly discovered AuRORA Au-Cu porphyry system, Centerra Gold's Kemess North and Kemess East Deposits and the former Kemess South Mine – refer to Figure 1. Exploration will be prioritized at and around the PIL South Target, working on the theory that the major porphyry centres occur along northeast-southwest trends within this corridor. In 2024, drilling at PIL South intercepted Cu-Au porphyry mineralization. Other targets on the PIL Property include favorable geological, alteration, and surface geochemical environments with other porphyry indicators such as high-sulphidation systems. Details of the PIL Property exploration targets can be found in the Company's PIL Technical Presentation on the Finlay website at ATTY Property: Exploration work on the ATTY Property will focus on the Wrich target which is adjacent to the SWT target on the Joy Property. The SWT target hosts a >2 kilometre ("km") copper geochemical anomaly that is open to the south and extends onto the ATTY Property for another 1.2 km to the southeast. Details of the ATTY Property exploration targets can be found in the Company's ATTY Technical Presentation on the Finlay website at Freeport negotiated Earn-In agreements on both the PIL and ATTY Properties whereby Freeport can earn an 80% interest in each property by spending $35 million in exploration expenditures and $4.1 million cash payments of over six years (Reference # 1). Freeport-McMoRan (FCX) is a leading international metals company focused on copper, with major operations in the Americas and Indonesia and significant reserves of copper, gold, and molybdenum. References: Qualified Person: Wade Barnes, P. Geo. and Vice President, Exploration for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release. About Finlay Minerals Ltd. Finlay is a TSXV company focused on exploration for base and precious metal deposits with five properties in northern British Columbia: The ATTY Property covers 3,875 hectares (" ha") of sub-alpine terrain in the southern Toodoggone region. The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry Cu-Au ± Ag and associated epithermal Au-Ag deposits. The ATTY Property is in between and contiguous to Centerra Gold's Kemess Project and the JOY Project held by Amarc Resources and Freeport-McMoRan. The ATTY Property's KEM target has similarities to the Kemess North Trend, which hosts the Kemess Underground and Kemess East deposits. The PIL Property, which covers 13,374 ha in the heart of the Toodoggone region, has numerous porphyry Cu-Au ± Ag targets and associated epithermal Au-Ag mineralization. The PIL Property is neighboured by Amarc Resources and Freeport-McMoRan's JOY Project and TDG Gold Corporation's Shasta/Baker and Sofia Properties. The PIL Property is also 25 km northwest of Centerra Gold's past-producing Kemess South Mine and 15 km east of Thesis Gold's Lawyers Project. The Silver Hope Property covers 21,322 ha and surrounds the past-producing Equity Silver Mine in the prospective Skeena Arch region of central B.C. The Silver Hope contains the Main Trend which is a >2 km Cu-Ag-Au mineralized trend with mineralization starting at surface. West of the Main Trend is the West Cu-Mo Porphyry which is also mineralized starting from surface. The Property hosts a network of forestry roads and trails and has all-year access from Houston, BC. The SAY Property covers 26,202 ha and is located 140 km north of Smithers, B.C. The SAY Property is within a 135-km long belt of relatively unexplored Stikine Terrane, with American Eagle Gold's NAK and Amarc Resources and Boliden Mineral Canada's DUKE Cu-Mo-Ag-Au porphyry prospects at the southern end, to HDI Quartz Mountain Resources Ltd.'s Jake Project Cu-Au-Ag porphyry discovery at the north end of the belt. The SPUR and SHEL zones are the most advanced targets on the SAY property. The SPUR is a high-grade Cu-Ag structural controlled vein and breccia target extending for 4.3 km with assays up to 15.8% Cu and 993 g/t Ag. The SHEL target area is a Cu-Mo porphyry identified by historic mapping and drilling. The JJB Property covers 15,423 ha 10 km north of the SAY Property. The JJB Property covers known gossans with associated Cu-Au-Ag geochemical anomalies. Finlay trades under the symbol "FYL" on the TSXV and under the symbol "FYMNF" on the OTCQB. For further information and details, please visit the Company's website at On behalf of the Board of Directors, Robert F. Brown Executive Chairman of the Board & Director Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the exploration plans for the PIL & ATTY Properties. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay's proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law. SOURCE Finlay Minerals Ltd.
Time of India
3 days ago
- Politics
- Time of India
Won't tolerate threats of PIL by garbage mafia, says Karnataka deputy chief minister DK Shivakumar
Bengaluru: Deputy chief minister DK Shivakumar Tuesday issued a stern warning to garbage contractors attempting to stall the govt's fresh tendering process for solid waste management in the city. His statement comes in the wake of a stay granted by the high court on the rollout of new garbage tenders — a move the govt had initiated to overhaul Bengaluru's solid waste management system. Reacting to the stay order, Shivakumar accused contractors of resorting to intimidation tactics, including the misuse of PIL petitions, and warned that the govt wouldn't yield under pressure. Speaking on the sidelines of a walkathon organised by the department of environment and ecology and the Karnataka State Pollution Control Board (KSPCB), Shivakumar said: "Regardless of the work the govt takes up, some groups are constantly resorting to intimidation tactics by filing PIL or obtaining stay orders from courts just to threaten the govt. We won't tolerate this, and such tactics won't work." Questioning the motives of the contractors who challenged the new tenders, Shivakumar asked if the govt wasn't supposed to clean Bengaluru. When asked specifically about the court's interim order, he responded: "I'll look into it." Describing the network of existing garbage contractors in Bengaluru as a "mafia", he said: "Previously, there were 89 tenders. All those who bagged these tenders have formed a group. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 40+ Say This Wrinkle Serum "Really Delivered' (Shocking Results) The Skincare Magazine Undo This is nothing but a mafia. They think they can mislead us. But we'll expose them and apprise the court about their actions. We'll mercilessly remove those trying to obstruct us and provide opportunities to new players to develop Bengaluru," he said. This isn't the first time Shivakumar has levelled allegations against garbage contractors. During the budget session of the state legislature in March, he had alleged that a cartel of contractors had formed with the objective of undermining the govt's efforts. He had also expressed disappointment that certain legislators were supporting these groups, suggesting a pattern of collusion and blackmail. The govt's push for fresh tenders is part of a larger effort to streamline and modernise waste management, which has long struggled with inefficient garbage collection and disposal systems. However, the process has faced repeated legal and logistical hurdles, many of which the govt now attributes to entrenched interests.
Business Times
4 days ago
- Business
- Business Times
Global shipping not disrupted by Israel-Iran conflict for now, but impact likely nuanced
[SINGAPORE] The Israel-Iran conflict has not disrupted global shipping – for now – but the likely impact on the industry might be more nuanced. Pacific International Lines (PIL), which focuses on China, Africa, the Middle East, Latin America, Oceania and the Pacific Islands, said that its sailings are continuing notwithstanding the escalated tensions in the Middle East. Abhishek Chawla, PIL's chief marine officer, told The Business Times: 'At present, we continue our sailings with utmost consideration to the evolving situation while ensuring the usual safety and security of our vessels and crews. We exercise constant risk management assessment and strategic anticipation.' Maersk has also not had disruptions caused by the Israel-Iran war and is continuing its scheduled operations in the area. 'Our aim is to keep our customers informed and help them with alternative solutions if needed,' the Danish shipping heavyweight said. Israel launched an attack on Iran on Friday (Jun 13), triggering barrages of ballistic missiles from Iran in retaliation. The Joint Maritime Information Center (JMIC), an international naval task force monitoring the Iran-linked Yemeni Houthi rebels' attacks on merchant vessels, has assessed that the maritime threat level remains significant and elevated in its latest update on Monday. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up It flagged the possibility of the military operations spilling beyond the bilateral hostilities into the wider region. The Strait of Hormuz – located between Oman and Iran, and connects the Persian Gulf with the Gulf of Oman and the Arabian Sea – remains open and commercial traffic continues to flow, according to JMIC. However, it noted a slight drop in the number of cargo-carrying vessels of at least 1,000 gross-tonnage transiting the Strait of Hormuz since Israel's attacks on Iran. The strait is the world's most important oil choke point, through which nearly 20 million barrels – or about one-fifth of global consumption – flow each day. A blockade of the highly strategic Strait of Hormuz could send prices of the commodity soaring past US$100 a barrel. As much as 3.4 per cent of global container volumes could also be hit if the strait closes, estimated Tan Hua Joo, container industry analyst at data provider Linerlytica. 'The United Arab Emirates will be the worst hit in such an event as the 21.7 million twenty-foot equivalent units (TEUs; a unit of measurement used to determine cargo capacity for container ships) that its ports handle account for the majority of the 33.2 million TEUs of total container volumes in the region.' The impact of the conflict on shipping charges could be more nuanced. Chawla of PIL commented that freight costs could rise as a result of the increase in the bunker prices sparked by the tensions. Global crude oil prices surged 7 per cent on the day that strikes between Iran and Israel took place. Lars Jensen, the chief executive officer of Vespucci Maritime, told BT that insurance companies might be re-assessing risk and charging war-risk premiums. 'Also, shippers to and from the region might be re-assessing the risk and potentially altering their shipments if this is possible.' HSBC Global Research commented that the escalating Middle East tensions mean that a return to the Red Sea any time soon is less likely, but this may not ease the concerns on capacity ramp-up and the softer spot container rates in the transpacific lane.
