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South Africa grants Canadian company mining licence

first_img6 October 2014 Exploration drilling at the Platreef platinum-palladium-gold-nickel-copper project, South Africa. (Image: Ivanhoe Mines )Construction work at Ivanhoe Mines’ Platreef Project will resume after South Africa’s Department of Mineral Resources (DMR) gave final approval of mining right for the development of the mine in Mokopane, Limpopo.The mining licence, given for an initial period of 30 years, authorizes the Canadian mining company to mine and process platinum-group metals, nickel, copper, gold, silver, cobalt, iron, vanadium and chrome at its Platreef discovery, on the Northern Limb of the Bushveld Complex.Announcing the finalisation of the granting of the mining licence on Wednesday, 5 November, Ivanhoe Mines’ Executive Chairman Robert Friedland said the execution of the mining licence will enable the immediate resumption of preparations for construction at the Platreef site.“With the shared, ongoing commitments of the Department of Mineral Resources, our Broad-Based, Black Economic Empowerment partners and our supportive co-investors from the Japanese trade and industry consortium, Ivanhoe Mines’ Platreef Project is going to become a sustaining foundation of jobs and support serving the common interests of our host communities in Limpopo province,’ Friedland said.Minister of Mineral Resources Ngoako Ramatlhodi said the final approval of the Platreef mining licence shows the department’s commitment to ensure mining companies comply with South Africa’s mining laws, while attracting investment and growing the economy.“The final regulatory approval of the Platreef Project’s mining right is significant not only for the development of the project itself but it also signals the South African government’s determination to grow our country’s economy. The Platreef Project will attract foreign capital, create much needed jobs and contribute significantly to socio-economic development in areas surrounding the project,’ said Ramatlhodi.Adding, Ramatlhodi said he is confident the Platreef Project will satisfy the environmental, socio-economic as well as Black Economic Empowerment requirements as set out in South African mining law. “We look forward to a constructive partnership on this project between Ivanhoe Mines, the South African government, communities and workers,’ he said.Under a broad-based black economic empowerment (B-BBEE) structure announced earlier this year, the Platreef Project is now 26% owned by 20 host communities, employees and local entrepreneurs. About 150 000 people live in the 20 host communities that form part of the B-BBEE transaction and 187 local entrepreneurial companies, representing 333 individual shareholders, took part in the entrepreneurial subscription.Ivanplats, Ivanhoe Mines’ wholly-owned subsidiary, will work closely with the DMR to ensure that the Platreef Project’s host communities receive maximum benefits from the company’s operations, said Platreef Project’s Managing Director Patricia Makhesha.“After all of the discussions that have been held with stakeholders about these very significant benefits that will flow from the development and operation of the planned mine, we are about to begin seeing our words translated into meaningful actions,’ Makhesha said.Following the granting of the mining licence, Ivanplats will immediately halt retrenchment plans that it started at the beginning of November. Work at the Platreef site had been suspended since May this year pending finalisation of the mining licence.SAinfo reporterlast_img read more

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Nokia’s Ovi to Compete with iPhone App Store?

first_imgRelated Posts Tags:#Apple#NYT#web Apple iPhone owners can choose to download approximately 65,000 services from the App Store, meanwhile Nokia’s Ovi only offers 4,500 applications. According to the Financial Times, “While Apple has just one phone, Nokia is trying to put mobile applications on 75 of its handsets. It is a far more challenging task.” Nevertheless, Nokia aims to level the playing field with web technologies. One way the company is hoping to catch up to Apple across all its devices is by hosting competitions to encourage Flash Lite-based development. Most recently, Nokia announced the finalists in its “Calling All Innovators” global developer competition. Categories include web applications and runtime widgets, Adobe Flash Lite-based applications, emerging market services and location-aware services utilizing Ovi Maps. While each of the category winners will receive cash awards, the Flash Lite category winner will receive an additional prize of $10,000 from Nokia’s Open Screen Project Fund. Nokia needs to fund efficient distribution across 75 devices and multiple platforms, and Adobe needs a mobile poster child to sing its deployment praises across mobile, desktop, and consumer electronics devices. If Kallasvuo wants to increase Nokia’s revenue, he needs mobile developers to choose to work on web based applications before building their services with the iPhone software development kit. From here, the application marketplace that offers the best revenue split and most downloads is certain to come out on top. While no individual Nokia handset will compete against Apple’s iPhone or Research in Motion’s Blackberry Curve, the number of devices sold might tempt developers to make the switch. dana oshiro 8 Best WordPress Hosting Solutions on the Market As of 2012, CEO Olli-Pekka Kallasvuo wants Nokia to have 300 million service subscribers. In an aggressive first step, he’s planning on expanding the Ovi applications environment. But he needs to act quickly as in the past year the company’s shares have fallen by 50%. In a recent interview with the Financial Times Kallasvuo admits he is trying to change Nokia’s direction from being a handset provider to a service provider. With a formidable rival like Apple, it will certainly be an uphill battle. Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai…last_img read more

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