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Lucky strike in outback WA could spark 'mini gold rush' for prospectors and miners - Dotemirates
ABC News.AU - Dotemirates
ABC News.AU
12/09/2018

Lucky strike in outback WA could spark 'mini gold rush' for prospectors and miners

ABC Goldfields By Jarrod Lucas Prospectors and exploration companies seeking to strike it rich have been re-energised by the discovery of rare gold specimens at a mine in outback Western Australia.Some are saying it could spark a "mini gold rush" for a town down on its luck.In the days since the spectacular find at Kambalda, 630 kilometres east of Perth, a wave of excitement has washed over the nickel mining town which has been on its knees in recent times.One exploration company holding ground adjacent to the Beta Hunt mine, where $15 million worth of gold-encrusted rocks were found 500...

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Deccan Chronicle
17/07/2019

India's overhauled oil policy unlikely to be a game-changer: Wood Mackenzie

New Delhi: India's overhauled policy for finding oil and gas is unlikely to be a game-changer as globally exploration budgets have shrunk and the country's prospects are weaker than other regions, natural resources consultancy Wood Mackenzie said on Wednesday. The Union Cabinet in February had approved a policy for awarding acreage, based primarily on exploration work commitment such as drilling of wells. This was aimed at attracting the elusive private and foreign investment to raise domestic output. International oil companies have stayed away from the three auction rounds held during the last three years that awarded exploration areas to companies...
Business
BBC
17/07/2019

Swatch profits hit after crackdown on grey market

Swatch has reported falling sales and profits following a crackdown on unofficial sales of its watches, and political trouble in one of its most important markets, Hong Kong.The owner of the Omega and Longines brands said net income fell 11% to 415m Swiss francs (£340m; $420m) in the first half. Sales fell 4.4%.Swatch has been taking action this year to stop its watches being sold at steep discounts online.That move hit sales.The company said it had been taking "uncompromising action" against dealers which have been selling watches to unauthorised retailers - often online watch sellers in Asia. Swatch has stopped...
Business
BBC
17/07/2019

SeaWorld hits back in Virgin Holidays whale tourism row

SeaWorld has hit back after Virgin Holidays said it had stopped selling tickets to the US theme park chain's captive whale and dolphin experiences.SeaWorld said it was "disappointing to see Virgin Holidays succumb to pressure from animal activists". It said the activists were people "who mislead and manipulate marine mammal science to advance their agendas". "No company does more to protect marine mammals and advance cetacean research, rescue and conservation," it added.SeaWorld's statement came a day after Virgin Holidays said it was removing the attractions from its line-up. In a blog, Virgin boss Richard Branson said the firm would now...
Business
Khaleej Times
17/07/2019

40kg baggage allowance for Air India passengers to UAE

No need to fret over excess baggage as passengers travelling to the UAE by Air India can now carry 40kg of check-in luggage. Air India chairman and managing director Ashwani Lohani, who is in Dubai for the launch of Indore-Dubai and Kolkata-Dubai flights, said the national carrier has raised the baggage limit by 10kg. "As demanded by the people, Air India will allow passengers to carry 40kg as luggage in the check-in besides the usual 7 kg that the traveller carries as hand baggage," Lohani said during a reception held at the India Club to mark the launch of new...
Business
WAM
17/07/2019

'India-UAE Bridge' expands trade and investment ties

CHANDIGARH, India, 17th July, 2019 (WAM) -- The trade and investment flow between India and the United Arab Emirates are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region. The recent launch of the 'India-UAE Bridge' initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity. DP World remains committed to India’s vision of ‘Make in India’, and Dubai’s ambition to remain the regions #1 trade hub and India’s gateway to global markets. This consensus was announced...
Business
WAM
17/07/2019

OPEC daily basket price announced for Tuesday

VIENNA, 17th July, 2019 (WAM) -- The price of OPEC basket of fourteen crudes stood at US$66.13 a barrel on Tuesday, 16th July, compared with US$66.79 the previous day, according to OPEC Secretariat calculations. The fourteen crudes, from separate OPEC member countries, include a mix of blends and light and heavy crudes, including the UAE’s Murban.
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