kernel crushing market in assam binq mining

directorate of geology and mining assam: latest news & videos, photos about directorate of geology and mining assam | the economic times - page 1

Mines and geology minister Murugesh Nirani announced, last week, that his department has plans to open stores to sell branded jewellery under the states official insignia, and sell gold coins in partnership with private jewellers. The government would use the yellow metal mined at Hutti Gold Mines, a PSU.

The inferno in gas producing well of OIL has affected around 3000 people. Houses were gutted cropland were affected. On Thursday, the affected villagers of Baghjan under the banner of Baghjan Gaon Yuba Milanjyoti Sangha staged blocked road. After several days of work OIL had successfully diverted the gas and condensate to Baghjan EPS.

After visiting the well site, the Union minister said the Centre and the state government are trying for a permanent solution to the disaster so that it never recurs. The company and the Tinsukia district administration have moved more than 7,000 people from nearby areas of the gas well site to 14 relief camps.

In 2015, the Narendra Modi government introduced a regime of auctions for mining rights for tenures of 50 years with an amendment to the Mines and Minerals (Development and Regulation) Act. It simultaneously allowed companies that had carried out geological exploration successfully to automatically move to the next stage of prospecting or mining. Every other pending application was to lapse.

Gomasta started his career in the coal industry from Coal Indias subsidiary Western Coalfields in 1984. He has worked in different capacities in underground and opencast mining in different subsidiaries of Coal India namely Western Coalfields (WCL), South Eastern Coalfields (SECL) and Northern Coalfields Limited (NCL).

In an effort to offer fully explored blocks on auctions to commercial miners, the centre has decided to nearly treble monetary allocation to the Coal India arm, Central Mine Planning & Design Institute Ltd (CMPDIL), so that it can increase its exploration acreages multiples times, a senior Coal India executive said.

The Congress' demand came two days after the Goa Lokayukta recommended an inquiry by the Central Bureau of Investigation (CBI) against Parrikar's successor and BJP leader Laxmikant Parsekar into the matter. The Goa Lokayukta also recommended a CBI inquiry against then state mines secretary Pawan Kumar Sain and then director of Mines and Geology Prasanna Acharya.

kernel became the first company in the history of ukraine to export 8 million tons of grain

LONDON, Aug. 25, 2020 /PRNewswire/ -- According to the results of the 2019/2020 marketing year, Kernel has exported 8 million tons of grain crops. It's a new historic high for both the company and Ukraine, as not a single agriexporter has ever reached this level.

"Kernel became the operator with the largest transshipment volumes of grain in Ukrainian ports in the 2019/2020 marketing year,"Kernel CEO Ievgen Osypov said."During the last two years the company has doubled export volumes, increasing its market leadership. Kernel's share in total grain exports from Ukraine has grown from 11.6% to 13.3%."

"The agribusiness division of Kernel has supplied 2.8 million tons of grain. We have purchased 5.2 million tons more from agriproducers, partly owing to forward purchases, financing agreements and the Open Agribusiness partnership project. The figure has increased by 63% y-o-y. Our plans for this year are even more ambitious about 7.4 million tons," Oleksandr Golovinsaid.

In the 2019/2020 Y, not only export volumes, but also export geography changed, first and foremost due to good crop yields in EU countries. However, China has rapidly increased purchase volumes and bought over 1.5 million tons of corn from Kernel, which is 6 times more than in the previous season. Thus, the PRC became the biggest importer for Kernel, surpassing the Netherlands and Spain, which were the main export destinations during previous years. The largest amount of wheat was exported to East Asian countries: supplies to Indonesia and Thailand have increased significantly.

At the same time, Kernel had to overcome a number of challenges. The season has started with relatively high global prices due to unfavorable weather conditions in the Midwest of the United States. But prices dropped as soon as Brazil had a second record harvest. In early January, the first phase of the agreement between the USA and China was signed, which was supposed to put an end to the trade war. However, the market didn't respond to it, showing no reaction at all. COVID-19, which arose in February-March, became the key factor which is still dominating in the world market. Rapid spread of the pandemic and global lockdown caused a recession in the world economy. The decline in people's incomes together with the ethanol crisis in the US have collapsed global grain prices.

According to the projections of Oksana Karabin, Head of the Grain Trading Department,the 2020/2021 Y will be no less dynamic. The key trend is food processing in the world. A sharp increase in corn production is expected in the US, and, together with weakened demand for grain, they will put pressure on global prices. Also, demand for biofuels has rapidly decreased. Cheap oil makes bioethanol and biodiesel economically unviable. This is bad news for the agrisector. One more problem from a political perspective is the threat of breaking off the trade agreement between the US and China.

"The situation is tough. However, agribusiness, unlike many other sectors, has not stopped and continues working. We regard global challenges as work intensification incentives. Further increasing sales on CIF terms, stepping up purchases and boosting cooperation with agriproducers are the main priorities for Kernel,Oksana Karabin added.

presco shareholders okay palm kernel crushing plant , n2bn dividend

Shareholders of Presco Plc, on Wednesday, endorsed the completion of the Companys 350 tons per day palm kernel crushing plant as well as the declaration of N2 billion dividend for the financial year ended December 31, 2019 despite various economic challenges.

The shareholders at the Companys 27th Annual General Meeting (AGM) held by proxy on Wednesday at Obaretin Estate, Ikpoba-Okha Local Government Area, Edo State, commended the payment of N2 billion dividend , which translated to 200 kobo per share.

With about 8,000 staff strength, Prescos range of products include: special palm oil, palm kernel oil, refined bleached and deodorant palm oil, Olein, Stearin, Palm Fatty Acid Distillate and Palm Kernel Cake.

Earlier in his address to shareholders, Chairman of the Company, Pierre Vandebeeck explained that COVID-19 virus has had significant impact on global economies around the world, adding that It is having accounting implications for many entities.

He also disclosed that within the year under review, the construction of a new 350 tons per day palm kernel crushing plant was completed and so also was the construction of a new 30 tons palm kernel boiler.

Explaining further, Vandebeeck who was represented by a Director of the company, Osa Osunde said: Our Company is not difference, which is why we have put in place protective measures in keeping with World Health Organization (WHO) guidelines to minimize the risk to our workforce and ensure minimum disruptions to operations.

Making reference to the industry, the Chairman said: Following the moves initiated by the Federal Government to check and fight the illegal importation and malpractices, 4th quarter 2019 witnessed a gradual recovery of average unit selling prices of crude and refined products from the hitherto downward pressure.

As the year drew to a close, there was the emergence of the twin shocks of COVID-19 pandemic and global oil price crash that are of significant far reaching consequences for the national economy and businesses.

COVID-19 in particular brought with it challenges to our lifestyle, culture, social interactions, among others. Without a doubt, the global, national and local business environment will likely become even unpredictable in the next months.

Vandebeeck said: We realized a gross profit of N12.72billion (2018:N15.89billion) and a profit after tax (after accounting for changes in fair value of biological assets) of N3.8billion (2018:N4.3billion)

Volume wise, 47,253 tons of crude and refined products were sold (2018:48,240 tons). In the year under review, we achieved a milestone of crossing the 200,000 tons mark for fresh fruit bunches harvested with a harvest of 200,097 tons compared with 191,627 tons recorded in 2018.

Speaking at an interactive session Managing Director of Presco , Mr Felix Nwabuko, reiterated the commitment of the Company to enhance Nigerias foreign exchange earnings and sustain growth. According to him, Presco has resolved to sustain its growth agenda in the interest of all stakeholders.