Huge expansion for Richards Bay

first_img29 December 2005South Africa’s Richards Bay Coal Terminal is to spend some R1-billion expanding its yearly export capacity to 92-million tons of coal by 2008, making it the biggest such facility in the world.The expansion will open up opportunities for black economic empowerment (BEE) coal mining companies who have previously been unable to export coal.The Richards Bay Coal Terminal company says it has an export capacity of 72-million tons of coal a year, and currently handles about 67-million tons.“The extra capacity could bring around R6-billion per annum of foreign currency into South Africa and has the potential to earn around R1-billion per annum for Spoornet,” says Richards Bay Coal Terminal chair Tony Redman, who is also CE of Anglo Coal. “Such infrastructure expansion will help to support the government’s objective of 6% GDP growth.”The current export capacity is dominated by the terminal’s main shareholders, BHP Billiton through its subsidiary, Ingwe, Anglo American and Xstrata.Small black-owned exporters will get priority for new capacity, with 4-million tons a year earmarked for them. Further, some 85% of goods and services needed for the project will be sourced from local suppliers.“We are excited about the expansion and believe it reflects the spirit of transformation in South Africa,” says Redman. “The additional tonnage will be mostly allocated to BEE companies and thereby open up opportunities for BEE coal mining companies who have not previously been able to export coal.”South Dunes Coal Terminal, made up of larger black-owned coal miners, will be allocated 6-million tons, and the remaining 10-million tons will be up for subscription to all existing shareholders.Richards Bay Coal Terminal Company Limited, situated in the deepwater port of Richards Bay in northern KwaZulu-Natal, was established in the early 1970s and has been expanded from an initial yearly capacity of 12-million tons to its current 72-million-ton capacity. The company is owned by Anglo Coal, Xstrata Coal, Eyesizwe, Ingwe, Kangra Coal, Sasol and Total Coal reporterlast_img read more

Defending World Cup Champions Keep Flaming Out

Over the past half-decade or so, the Spanish national team put together one of the most impressive runs in the history of international soccer, winning a European Football Championship in 2008, a World Cup in 2010, and another Euro crown in 2012. But in this year’s World Cup, Spain went out with a whimper — routed by the Dutch in its opening match and failing to muster a single goal in a 2-0 loss to Chile.Just like that, Spain’s hopes of advancing beyond the group stage were dashed.Before the tournament began, our World Cup prediction model had Spain racking up 5.9 points in the Group B table. (In round-robin play, teams get three points for a win and one for a draw.) But after two losses, Spain is now likely to amass only 2.2 points, 3.7 fewer than expected — a huge shortfall.As strange as it sounds, though, this isn’t an uncommon fate for defending World Cup champions. Since the tournament shifted to its current three-points-for-a-win format in 1994, defending champs have come up short of pre-tournament predictions by an average of 2.3 points during the group stage, and only two incumbent champs — Germany in 1994 and Brazil in 2006 — actually exceeded expectations the years they defended their titles.To determine these shortfalls for years before 2014 (tournaments for which I don’t have FiveThirtyEight projection data), I turned to the pre-tournament Elo ratings. The Elo system is designed to produce probabilities of wins and losses for each team in a matchup based on the difference between the two teams’ ratings. Of course, the group stage of the World Cup also allows for draws. Elo treats draws as half a win for each team, but doesn’t provide a prediction for a tied outcome. So, I tapped into our FiveThirtyEight model to derive the probability of a draw based on the raw probability of a win if ties weren’t allowed.For example, in the opener of the 1994 World Cup, Germany (Elo: 1,971) faced Bolvia (Elo: 1,663). In a world without ties, the Elo formula tells us Germany’s 308-point Elo lead would produce a win 85.5 percent of the time, but the curve above also tells us that 15.6 percent of the time, such a matchup will end in a draw. Subtracting half of that number (7.8 percent, since ties count as half a win in Elo) from 85.5 percent, we get the corrected probability that Germany would win outright: 77.7 percent. (The Germans did end up winning, 1-0.)Doing this for every World Cup group-stage match from 1994 to 2010, we can generate a projection for the number of points each team would have been expected to accumulate in the standings table. We see that defending World Cup champions have usually fallen short, often in a major way:Only the 2006 Brazil side, which tore through the group stage undefeated, significantly outplayed expectations. The rest either played to them (Germany 1994), underperformed slightly but still advanced (Brazil 1998), or flamed out spectacularly (France 2002, Italy 2010 — and now Spain 2014).It’s not clear why this is happening. Is Elo overrating defending champions for some reason? Are these teams overburdened by the weight of expectations? Or is this just an unlucky streak in the small sample of six tournaments? Theories will abound, but one thing is for sure: When it comes to meeting pre-tournament expectations, it’s rarely paid to be a defending World Cup champion in recent years. read more

Interhealth Canada Advise Residents to Take Precautions

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp CDC supports CARPHA in Zika PR Campaign materials to region Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 03 Oct 2014 – No Chikungunya and Dengue Fever updates have been given for three months; the Ministry of Health falling way behind in reports to the Caribbean Public Health Agency or CARPHA and it is Interhealth Canada who is advising residents again take precautions and avoid mosquito bites… both Chikungunya and Dengue Fever have been confirmed in the country and a death in Grand Turk raises red flags on the potential dangers… Related Items:carpha, chicv, Chikungunya, denhue, interhealth canada Recommended for you Total Community Involvement Essential to Fighting the Aedes aegypti Mosquito Turks and Caicos Premier says nation ‘elated’ over removal from Zika list; praises CARPHA and CARICOMlast_img read more

Water Undertaking Unit Exercise in Grand Turk a Success

first_img Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 09 Sept 2015 – The success of general maintenance exercises in August on the water production facility in Grand Turk has enabled the unit to pump out an additional 275 thousand plus gallons of water per day. This means that now residents in North Creek, Cork Tree Beach, Upper Overback and North Ridge should be receiving water.Hon. Amanda Misick expressed that her ministry is proud of the overall outcome of the exercise. She further encouraged customers who are not receiving water to contact the Water Undertaking Unit on 649 338 3519 or 338 3522.Residents are encouraged to replenish their reserves and to continue practicing water conservation methods, as this is the peak of the hurricane season. There has been a water shortage in the capital of Grand Turk since early June. Related Items:amanda missick, Cork Tree Beach, ggrand turk, North Creek, North Ridge, Upper Overback, water shortage, water undertaking unit PNP Party says it led wooden pier removal by Beaches Traffic relief coming for Blue Hills says Minister PNP Party takes credit for Beaches pier resolutionlast_img read more