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Tag Archives: mining

Poland’s coal-mining region to get government’s support

WARSAW: The Polish government held its weekly sitting in the southern city of Katowice, Lower Silesia on Tuesday during which it adopted its “Slask 2.0” development program for the coal-mining region of Silesia aimed at supporting energy-intensive industry and preventing structural unemployment. The plan, worth about PLN 25 billion zlotys to be financed from the EU as well as state ... Read More »

Greece’s Hellas mining project to extract 9.6m ounces of gold after €1.3b investment

ATHENS: The public order minister Nikos Dendias said that Hellas Gold plans to invest €1.3-billion ($1.73-billion) in the area over all, and extract 9.6 million ounces of gold. Its operations, it says, have been repeatedly vetted and cleared by the authorities. But the Eldorado Gold, battling to develop a mine in Greece in the face of government opposition, said it ... Read More »

FDI inflow into Pakistan enables govt to repay $1009.6 million loans

ISLAMABAD: The inflow of foreign direct investment (FDI) into Pakistan is on the rise and the country received $2640.9 million FDI last year. The increased amount of FDI enabled the government to pay $1009.6 million to the foreign countries during the fiscal year 2013-14. FDI is direct investment abroad where the investors have a complete control over their capital. There ... Read More »

Nawaz welcomes 350 delegates on int’l trade moot

ISLAMABAD: With participation of 350 delegates, an international moot titled “Invest Pakistan: priority sectors and legal framework for investment in the country” will start here today. The event will highlight Pakistan’s investment regime and opportunities for investors in different economic fields. Prime Minister Nawaz Sharif will inaugurate the two-day conference. The Board of Investment is organising the moot to show Pakistan’s ... Read More »

Chinese company to help Punjab set up coal power plants

LAHORE: A team of China Machinery Engineering Corporation (CMEC) called on Punjab Chief Minister Shahbaz Sharif and discussed the matters regarding establishment of coal power plants from the local coal of Salt Range. Headed by its Vice President Li Jingkai, the Chinese firm expressed keen interest in the project and it was agreed to set up coal power plants to ... Read More »