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Ambatovy Mine
The Ambatovy mine is large nickel and cobalt mine located in Madagascar, off the east coast of Africa. It is currently active, and the largest mine in the country. Ownership and operations Several exploration permits for the site were acquired by Phelps Dodge in 1995. In 2004 and 2005 Phelps Dodge sold its interest in the project to Dynatec Mining Limited. The mine was set up in 2007 by Dynatec Mining Limited, a Canadian company, backed by international development groups including the European Investment Bank. Sherritt International acquired Dynatec and later handed over majority control of the mine to the Japanese Sumitomo Corporation. The rest of equity in the mine is held by a South Korean consortium lead by the state-owned ''Korea Mine Rehabilitation and Mineral Resources Corporation'' (KOMIR), as well as STX Corporation and POSCO. Until 2020, when it halted production due to the COVID-19 pandemic in Madagascar, the mine was producing 5,600 tonnes of refined cobalt and a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moramanga
Moramanga is a city (commune urbaine) in Madagascar. It is located in the region Alaotra-Mangoro and the Moramanga District. It has a population of 57084 inhabitants (2018). It is situated between the capital Antananarivo and the east coast on the crossroad of RN 2 and RN 44. The name of Moranmanga originates from the slave trade. To differ them from other social classes, they were dressed in blue or ''manga''. As they were among the cheapest (''mora'') in Africa, it became Moramanga. People Moramanga is also the capital city of the Bezanozano people (one of the eighteen Ethnic groups of Madagascar). Geography Moramanga is situated on a plateau between the central highlands and the east coast. Transports The national road RN 2 connects the city with Antananarivo (115 km) and Toamasina (254 km), the Route nationale 44 to Ambatondrazaka (157 km), Imerimandroso and Amboavory. The city is at the TCE (Tananarive-Côte Est) and the south end of the MLA (Moramanga-Lac Alao ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crash and the COVID-19 pandemic. Since its inception in 1958 the EIB has invested over one trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of green finance in the world. In 2007, the EIB became the first institution in the world to issue green bonds. In 2019 it comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biodiversity Offsetting
Biodiversity offsetting is a system used predominantly by planning authorities and developers to fully compensate for biodiversity impacts associated with economic development, through the planning process. In some circumstances, biodiversity offsets are designed to result in an overall biodiversity gain. Offsetting is generally considered the final stage in a mitigation hierarchy, whereby predicted biodiversity impacts must first be avoided, minimised and reversed by developers, before any remaining impacts are offset. The mitigation hierarchy serves to meet the environmental policy principle of "No Net Loss" of biodiversity alongside development. Individuals or companies involved in arranging biodiversity offsets will use quantitative measures to determine the amount, type and quality of habitat that is likely to be affected by a proposed project. Then, they will establish a new location or locations (often called receptor sites) where it would be possible to re-create the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toamasina
Toamasina (), meaning "like salt" or "salty", unofficially and in French Tamatave, is the capital of the Atsinanana region on the east coast of Madagascar on the Indian Ocean. The city is the chief seaport of the country, situated northeast of its capital and biggest city Antananarivo. In 2018 Toamasina had a population of 325,857. History Under French rule, Toamasina was the seat of several foreign consuls, as well as of numerous French officials, and was the chief port for the capital and the interior. Imports consisted principally of piece-goods, farinaceous foods, and iron and steel goods; main exports were gold dust, raffia, hides, caoutchouc (natural rubber) and live animals. Communication with Europe was maintained by steamers of the Messageries Maritimes and the Havraise companies, and also with Mauritius, and thence to Sri Lanka, by the British Union-Castle Line. During the colonial period, owing to the character of the soil and the formerly crowded native populati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Impact Of The 2022 Russian Invasion Of Ukraine
The economic impact of the 2022 Russian invasion of Ukraine began in late February 2022, in the days after Russia recognized two breakaway Ukrainian republics and launched an invasion of Ukraine. The subsequent economic sanctions have targeted large parts of the Russian economy, Russian oligarchs, and members of the Russian government. Russia has responded with sanctions of its own. Both the conflict and the sanctions have had a strongly negative impact on the world economic recovery during the COVID-19 recession. As a result of its war, estimates of a 30-year economic setback are projected for Russia. A wave of protests and strikes have occurred across Europe against the rise of bills and living expenses. The war in Ukraine has also resulted in significant loss of human capital, destruction of agricultural trading infrastructure, huge damages to productive capacity, and a reduction in private consumption of more than a third relative to pre-war levels. Background B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In Madagascar
The COVID-19 pandemic in Madagascar is part of the ongoing worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). On 20 March 2020, the first case in Madagascar was confirmed in Antananarivo. Background On 12 January 2020, the World Health Organization (WHO) confirmed that a novel coronavirus was the cause of a respiratory illness in a cluster of people in Wuhan City, Hubei Province, China, which was reported to the WHO on 31 December 2019. The case fatality ratio for COVID-19 has been much lower than SARS of 2003, but the transmission has been significantly greater, with a significant total death toll. Model-based simulations for Madagascar indicate that the 95% confidence interval for the time-varying reproduction number ''R t'' has been stable around 1.0 since November 2020. Timeline March 2020 * On 20 March, the first three cases were confirmed in Antananarivo, the capital of Madagascar. All three cases were wome ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2012, it was named as the world's 146th-largest corporation by the Fortune Global 500. POSCO currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang. POSCO previously operated a joint venture with U.S. Steel, USS-POSCO Industries, in Pittsburg, California, United States, but U.S. Steel acquired full ownership of the facility in February 2020. History 1968–1971 In the 1960s, South Korean administration concluded that self-sufficiency in steel and the construction of an integrated steelworks were essential to economic development. Since South Korea had not possessed a modern steel plant prior to 1968, many foreign and domesti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
STX Corporation
STX Corporation (Hangul: 에스티엑스) is a publicly held South Korean holding company engaged in the provision of trading services. Headquartered in Gyeongsangnamdo, South Korea, the company operates its business through two divisions: trade and ship maintenance. Its trade business division provides shipping and energy materials such as coal, oil, steel and others. Its ship maintenance business offers cargo management, marine technical, insurance, crew management and other related services. The company had five local subsidiaries including STX Offshore & Shipbuilding, STX Engine, STX Heavy Industries, STX PanOcean and STX Energy. STX Offshore & Shipbuilding was the world's fourth largest shipbuilder and in 2008 acquired Norwegian shipbuilder Aker Yards Aker may refer to: Places * Aker, Norway, a geographic area in Oslo and a former municipality in Norway * Vestre Aker, a district of Oslo within former Aker municipality * Nordre Aker, a district of Oslo within former Aker ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.75 million, of which roughly half live in the Seoul Capital Area, the fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sherritt International
Sherritt International is a Canadian resource company, based in Toronto, Ontario. Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”. Operations Mining Moa Joint Venture Sherritt has a 50/50 partnership with General Nickel Company S.A. (GNC) of Cuba (the Moa Joint Venture) and a wholly‑owned fertilizer business and sulphuric acid, utilities and fertilizer storage facilities in Fort Saskatchewan, Alberta, Canada (Fort Site) that provides additional sources of income. The Moa Joint Venture mines, processes and refines nickel and cobalt for sale worldwi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dynatec Mining Limited
DMC Mining Services is a mining services contractor, otherwise known as a mining contractor. Its headquarters are in Vaughan, Ontario, and Salt Lake City, Utah. The company began in 1980 as Dynatec Mining Limited. DMC Mining Services had three ownership assets in its portfolio: Ambatovy, FNX Interest, and Coal-Bed Methane. Dynatec Mining Limited began as a privately held mining services company that specialized in shaft sinking, mine construction, lateral development for hard rock and soft rock mines, and raise development. The company's principal founders were W. Robert Dengler, William M. Shaver, and Fred Edwards. Dynatec grew to become one of the major Canadian mine contracting firms providing services to the mining industry in Canada and abroad and was employed by many of the major mining companies. Dynatec Mining Limited was acquired by the Metallurgical services division of Sherritt International and spun out as a publicly traded company "Dynatec Corporation" on the TSX a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atsinanana
Atsinanana is a coastal region in eastern Madagascar. It borders Analanjirofo region in the north, Alaotra-Mangoro in the west, Vakinankaratra and Amoron'i Mania in the southwest, and Vatovavy and Fitovinany in south. The region contains over 285km of coastline, which includes many beaches and cultural heritage sites. Atsinanana is known for its fish breeding and fishing near its ports, ore claims and mining activity, as well as its agriculture. The capital of the region is Toamasina, and the population was 1,484,403 in 2018. The area of Atsinanana is , almost exactly the same as its neighbor, Analanjirofo. The current governor of Atsinanana is Richard Théodore Rafidison. Administrative divisions Atsinanana Region is divided into seven districts, which are sub-divided into 82 communes. * Antanambao Manampotsy District - 5 communes * Mahanoro District - 11 communes * Marolambo District - 12 communes * Toamasina I District - 1 commune * Toamasina II District - 15 communes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
