Tag «australia»

Rio Tinto loads first ship from its 290 Mt/a expansion programme

Rio Tinto has achieved the significant milestone of loading the first shipment of iron ore from its expanded port, rail and mine operations in Australia. This marks the commencement of commissioning of the expansion programme, which will see overall capacity for Rio Tinto’s iron ore operations in Western Australia increase to 290 million tonnes a …

Penetration of Life Insurance Coverage Goes Up

The penetration of life insurance sector in India has increased from 2.15% in 2001 to 3.17% in 2012 which is above Brazil, Russia, Malaysia, Pakistan, China, Srilanka, Australia, Germany but below France, Switzerland, United Kingdom, United States of America, Japan, Singapore, South Korea, Taiwan and Hong Kong. As per information furnished by Insurance Regulatory and …

Demand of Coal to Touch 769 Million Tonnes by 2013-14

The estimated demand of coal in the country will reach to 769.69 million tonnes by 2013 -14 against the domestic availability of 614.55 million tonnes. This was stated by the Minister of State for Coal, Shri Pratik Prakash BapuPatil in a written reply in Lok Sabha today.                Shri Patil said that the main factors that constrain production of Coal relate to difficulties in acquisition of …

Rio Tinto – Kestrel Mine Extension starts production

Coal production has started at the Kestrel Mine Extension, a US$2 billion dollar project near Emerald in central Queensland. The extension will add 20 years to the life of the Rio Tinto managed Kestrel Mine, the company’s only underground coal operation. Kestrel Mine general manager operations John Coughlan said “After four years of construction, seeing …

Jones Lang LaSalle India Facilitates Sale Of 25 Acres For Residential Development at Devanahalli, Bangalore

At INR 100 Crore, Purchase By L&W Construction Private Limited Among The Largest Land Deals In 2013 Bangalore, July 4 2013: India’s largest and leading international property consultant Jones Lang LaSalle has advised on the outright purchase of 25 acres prime land at Devanhalli, Bangalore by L&W Construction Private Limited from a large Bangalore-based industrial …

Rio Tinto opts to retain diamonds businesses

Rio Tinto has decided to retain its diamonds businesses after concluding a strategic review which considered a range of options, including potential divestment. Rio Tinto Diamonds & Minerals chief executive Alan Davies said “The medium to long-term market fundamentals for diamonds remain robust, fuelled by growing demand for luxury goods in Asia and continuing strong …

World Economic Forum Launches Two Reports on Boosting Strategic Infrastructure

The World Economic Forum is working with the African Union Commission, the New Partnership for Africa’s Development (NEPAD) Planning and Coordinating Agency, the African Development Bank and a business working group of 35 leading infrastructure companies on regional infrastructure development in Africa. Launched today, Strategic Infrastructure in Africa: A business approach to project acceleration focuses on regional …

PowerCore SunCruiser: Solar car with motor materials from ThyssenKrupp Electrical Steel preparing for race in Australia

Functional three-seater car is first of a new generation of eco-friendly vehicles In October 2013 the “PowerCore SunCruiser” will be taking part in the World Solar Challenge in Australia. The solar-powered, high-tech car is the first of a new generation featuring materials from ThyssenKrupp Electrical Steel. Experts from the Bochum University of Applied Sciences and …