The NSW rockmelon grower linked to the fatal listeria outbreak in Australia has been revealed as Rombola Family Farms in the Riverina region.
Reported by Brisbane Times 5 minutes ago.
↧
NSW rockmelon grower linked to deadly listeria outbreak named
↧
Court told former Fiat Chrysler Australia managing director 'bribed'
Fiat Chrysler Australia paid “Rolls Royce” prices for new car dealer websites after a web developer bribed Chrysler’s former managing director with $2.4 million.
Reported by The Age 27 seconds ago.
↧
↧
Woods, Els named captains of Presidents Cup in Australia
ORLANDO, Fla. (AP) — Tiger Woods and Ernie Els are the next Presidents Cup captains for the 2019 matches in Australia.Still to be determined is if one of them plays.Woods and Els have each played in the Presidents Cup eight times...
Reported by New Zealand Herald 4 minutes ago.
↧
DiscoverOrg Announces Strategic Investment from The Carlyle Group
VANCOUVER, Wash., March 14, 2018 (GLOBE NEWSWIRE) -- DiscoverOrg, the leading sales and marketing intelligence provider, announced today that it has completed a strategic minority investment by global alternative asset manager The Carlyle Group (NASDAQ:CG), along with additional investment to come from 22C Capital. TA Associates will maintain a significant equity stake in DiscoverOrg.Patrick McCarter, Carlyle’s Co-Head of U.S. Buyout Technology, Media & Telecom and Managing Director, said, “The DiscoverOrg team has built the industry-leading intelligence platform for sales and marketing teams across the globe. Consistent revenue generation requires accurate and actionable data, and that is what DiscoverOrg delivers. We are delighted to partner with the management team to accelerate growth and foster innovation."
Todd Crockett, TA’s Co-Head of the North America Services Group and Managing Director, added, “Since the start of our partnership with DiscoverOrg in 2014, the Company has consistently executed against its growth strategy and positioned itself as a clear leader in the middle of the large and fast-growing sales and marketing technology market. We are thrilled to partner with Carlyle to build upon that foundation and support DiscoverOrg in its next chapter of growth.”
Randall Winn, 22C Capital Managing Member and former CEO of Capital IQ, noted, "We are exceptionally pleased to have been involved in DiscoverOrg’s success over the last few years as the team has built a truly unique data platform and developed into a world-class company. We are excited to be in a position to continue to work with DiscoverOrg and invest in Henry's vision."
Henry Schuck, DiscoverOrg CEO, said, “The confidence that Carlyle, TA, and 22C have shown in DiscoverOrg is a testament to the incredible value that we are creating for sales and marketing teams everywhere.”
DiscoverOrg’s award-winning sales intelligence platform is designed to provide highly accurate data and insights that sales and marketing teams need to zero in on their unique target market, prioritize accounts and contacts based on likelihood to purchase, and engage the right buyer at the right time with the right conversation – leading to more customers and faster revenue growth.
Equity for the investment came from Carlyle Partners VI, a $13 billion U.S. buyout fund. Raymond James & Associates and Cascadia served as financial advisors to DiscoverOrg. Goodwin Procter LLP served as legal advisors to DiscoverOrg and TA Associates. Debevoise & Plimpton served as legal advisors to Carlyle.
*About DiscoverOrg*
DiscoverOrg is the leading global sales and marketing intelligence tool used by over 4,000 of the world’s fastest growing companies to accelerate growth. The company itself has been named a Deloitte Fast 500 company 2 years in a row and an Inc. 5000 fastest-growing company seven times. DiscoverOrg’s award-winning solutions provide a stream of accurate and actionable company, contact, and contextual buying intelligence that can be used to find, connect with, and sell to target buyers more effectively – all integrated into the leading CRM, Marketing Automation, and Sales Acceleration tools in the market. Data is gathered and updated through DiscoverOrg’s proprietary combination of technology, tools, and integrations and then verified by an in-house research team – resulting in the highest guaranteed level of accuracy available across B2B sales and marketing data providers. For more information, visit www.discoverorg.com
*About The Carlyle Group*
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with $195 billion of assets under management across 317 investment vehicles as of December 31, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 31 offices across six continents. More information about The Carlyle Group can be found at www.carlyle.com
*About TA Associates*
Now in its 50th year, TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968, and is investing out of current funds of $7.25 billion. The firm’s more than 80 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.
*About 22C Capital*
22C Capital is a principal investment firm committed to delivering capital and critical resources to companies operating at the intersection of technology enablement and data analytics adoption. The firm has a dedicated focus on the business services, healthcare and financial services sectors. 22C partners with world-class management teams to build companies that are leaders in their respective markets. The firm’s operational and technology resources, including its affiliated data science organization, deliver practical, real-world support to help convert businesses’ challenges into opportunities and unlock their full potential. For more information, go to www.22ccapital.com
Media Contact:
Katie Bullard
DiscoverOrg
pr@discoverorg.com
1-800-914-1220 Reported by GlobeNewswire 6 hours ago.
Todd Crockett, TA’s Co-Head of the North America Services Group and Managing Director, added, “Since the start of our partnership with DiscoverOrg in 2014, the Company has consistently executed against its growth strategy and positioned itself as a clear leader in the middle of the large and fast-growing sales and marketing technology market. We are thrilled to partner with Carlyle to build upon that foundation and support DiscoverOrg in its next chapter of growth.”
Randall Winn, 22C Capital Managing Member and former CEO of Capital IQ, noted, "We are exceptionally pleased to have been involved in DiscoverOrg’s success over the last few years as the team has built a truly unique data platform and developed into a world-class company. We are excited to be in a position to continue to work with DiscoverOrg and invest in Henry's vision."
Henry Schuck, DiscoverOrg CEO, said, “The confidence that Carlyle, TA, and 22C have shown in DiscoverOrg is a testament to the incredible value that we are creating for sales and marketing teams everywhere.”
DiscoverOrg’s award-winning sales intelligence platform is designed to provide highly accurate data and insights that sales and marketing teams need to zero in on their unique target market, prioritize accounts and contacts based on likelihood to purchase, and engage the right buyer at the right time with the right conversation – leading to more customers and faster revenue growth.
Equity for the investment came from Carlyle Partners VI, a $13 billion U.S. buyout fund. Raymond James & Associates and Cascadia served as financial advisors to DiscoverOrg. Goodwin Procter LLP served as legal advisors to DiscoverOrg and TA Associates. Debevoise & Plimpton served as legal advisors to Carlyle.
*About DiscoverOrg*
DiscoverOrg is the leading global sales and marketing intelligence tool used by over 4,000 of the world’s fastest growing companies to accelerate growth. The company itself has been named a Deloitte Fast 500 company 2 years in a row and an Inc. 5000 fastest-growing company seven times. DiscoverOrg’s award-winning solutions provide a stream of accurate and actionable company, contact, and contextual buying intelligence that can be used to find, connect with, and sell to target buyers more effectively – all integrated into the leading CRM, Marketing Automation, and Sales Acceleration tools in the market. Data is gathered and updated through DiscoverOrg’s proprietary combination of technology, tools, and integrations and then verified by an in-house research team – resulting in the highest guaranteed level of accuracy available across B2B sales and marketing data providers. For more information, visit www.discoverorg.com
*About The Carlyle Group*
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with $195 billion of assets under management across 317 investment vehicles as of December 31, 2017. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,600 people in 31 offices across six continents. More information about The Carlyle Group can be found at www.carlyle.com
*About TA Associates*
Now in its 50th year, TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968, and is investing out of current funds of $7.25 billion. The firm’s more than 80 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.
*About 22C Capital*
22C Capital is a principal investment firm committed to delivering capital and critical resources to companies operating at the intersection of technology enablement and data analytics adoption. The firm has a dedicated focus on the business services, healthcare and financial services sectors. 22C partners with world-class management teams to build companies that are leaders in their respective markets. The firm’s operational and technology resources, including its affiliated data science organization, deliver practical, real-world support to help convert businesses’ challenges into opportunities and unlock their full potential. For more information, go to www.22ccapital.com
Media Contact:
Katie Bullard
DiscoverOrg
pr@discoverorg.com
1-800-914-1220 Reported by GlobeNewswire 6 hours ago.
↧
Tamil family taken off plane in Australia deportation reprieve
A small Australian town has campaigned to spare the family of four from removal to Sri Lanka.
Reported by BBC News 5 hours ago.
↧
↧
News24.com | #News24 ICYMI: Zuma charges: ConCourt rules on decision; Rabada appeals ban; and Big Bang Theory hails Stephen Hawking
The government has criticised Australia’s bid to fast-track visas for white South African farmers, controversial SARS chief Jonas Makwakwa resigns and meet the ‘real-life vampire’ woman who is allergic to the sun.
Reported by News24 5 hours ago.
↧
Artefact : Acquisitions in China - Artefact extends footprint in Asia
*Press Release *
Paris, Wednesday, 14 March 2018
5:45 CET
*Acquisitions in China*
*Artefact extends footprint in Asia *
*Artefact (FR0000079683 - ALNBT - eligible for French SME equity savings plan "PEA-PME")* *today announced the acquisitions of 8 Matic and its affiliates operating under the NetBooster brand. After opening subsidiaries in Hong Kong, Singapore, Malaysia and Australia last year, these acquisitions represent a major move forward for the Group in its involvement on the fast-growing Asia-Pacific markets.*
*Growth nearing 30% and solid profitability*
8 Matic and its affiliates have proven expertise in the digital field, offering a blend of consulting, media activation and creative services. Founded in 2010 by Pascal Duriez and Jo Chan Kue, the companies operate in Shanghai, Hong Kong and Seoul. With over 80 employees, they delivered a gross margin of €3m in 2017, implying organic growth of 30% relative to 2016. Profitability was also assured with historical EBITDA of over 10%. With 8 years of knowledge gained on the Chinese digital ecosystem, they are widely recognised among the global advertising brands operating in Asia, including Pernod Ricard, DFS, Dior, Hugo Boss, Finnair, Bic, English First, RedBull, Merck, Club Med, Cebu Pacific Air, and Huawai...
Subsequent to the transaction, Artefact will take a majority stake in 8 Matic and in its affiliates. The agreement provides for a strengthening in Artefact's stake over the next four years, after which Artefact will have full ownership. Artefact already has a 19% stake in one of the acquired companies since 2010.
Pascal Duriez will play a pivotal role in Artefact's expansion in the Asia-Pacific zone. He has therefore been appointed CEO of Artefact for APAC and is joining the Group's Strategic Committee which is composed of Guillaume de Roquemaurel (CEO Artefact Group), Vincent Luciani (COO Artefact Group), Philippe Rolet (CTO Artefact Group), Matthew Phelan (CEO 4Ps), Julius Ewig (CEO Metapeople Allemagne), Kristoffer Ewald (CIO Artefact Group), Lennert De Rijk (CEO BeNeLux & Nordics), Jan Klawer (CEO MENA).
Commenting on the transaction, Pascal Duriez says: "I am delighted to be joining the Group. The combination of our expertise and expanded footprint in accelerating markets offers us enormous potential for growth. Previous joint campaigns have already demonstrated to us the power of our merged strengths. When you share the same culture on Data, Media and Creativity, adding a deep understanding of the Chinese and APAC markets makes a lot of difference. We are now in working order to go faster and further across all APAC markets."
*A decisive milestone in Artefact's expansion in Asia Pacific*
Having opened subsidiaries in Hong Kong, Singapore, Malaysia and Australia last year, the operation will bolster Artefact's position in the Asia-Pacific zone, giving it a headcount of over 100 employees with which to address that market.
*Fresh technological expertise, high potential for serving western clients*
With these acquisitions, Artefact will reinforce its knowledge of the Asian technological ecosystem thanks to strong partnerships established with BAT (Baidu, Alibaba, Tencent) in terms of inventory, data, tracking and media activation. This enhanced expertise will give Artefact the capacity to unlock sizeable commercial synergies with its international network and extend its potential to work with western clients in the Asia-Pacific zone.
*A strategic position from which to take advantage of burgeoning Asian brands *
This transaction will also put Artefact in an ideal position to take advantage of burgeoning local demand. An increasing number of advertising brands are seeking to integrate expertise in data consulting, digital marketing and Artificial Intelligence into their campaigns. As an illustration, Chinese digital advertising expenditures have risen by nearly 18% against +7.7% on the North American continent. They should reach nearly 100 billion dollars in 2020^[1]. Thanks to its direct presence in the region, Artefact will be able to take full advantage of this underlying trend.
Meanwhile, big Asian brands with a strong presence in their continent of origin have set out to conquer western markets and this effort is poised to gain traction over the next few years. Once again, Artefact now has all the strengths needed to exploit this considerable growth potential in full.
In the words of Artefact CEO Guillaume de Roquemaurel: "China is shaping up to be one of the most developed countries in the world in terms of digital adoption and expansion. In 2017, Chinese online sales increased by more than 17% from 2016 and the country is now the first e-commerce market in the world with a turnover of €440bn. All of which offers extensive opportunities to be exploited and we fully intend to grab them by stepping up our expansion in this promising market. The transaction announced today is perfectly consistent with this offensive strategy, which should enable us to unlock strong growth in this market as of 2018."
*Financial calendar (after market):*
25 April 2018
2017 Results and Q1 2018 Gross margin
24 July 2018
Q2 2018 Gross margin
23 October 2018
H1 2018 Results and Q3 2018 Gross margin
END
**About Artefact I* artefact.com*
Artefact embodies the perfect combination of marketing and engineering experts. Nominated innovative agency of the year in 2017, the agency works with some of the biggest advertising brands to invent the future of customer experience through new technologies. The agency has almost 1,000 employees across 17 countries worldwide, delivering three complementary solutions: Data Consulting, Digital Marketing Expertise and Technology Deployment (Big Data and Artificial Intelligence). Its 600 active clients include more than 100 blue-chip accounts, such as Orange, Carrefour, Emirates, Deutsche Telekom, and Monoprix, all of which attracted by the agency's cutting-edge expertise. Artefact was founded by three alumni of the prestigious Ecole Polytechnique engineering school in Paris: Vincent Luciani, Philippe Rolet and Guillaume de Roquemaurel. It has been enjoying extremely robust growth since it was founded in 2015 and succeeded in tripling its sales in 2016. In September 2017, the agency merged with French listed company NetBooster, an international network of digital agencies run by data and media experts.
Artefact was awarded the Grand Prix d'Honneur at this year's Data Festival and obtained FrenchTech's official diploma for "hyper-growth" French companies awarded by the French Secretary of State for Digital Affairs, Mounir Mahjoubi.
*For more information:*
* * * *
*Financial Communications* *Press Contact*
ARTEFACT
Guillaume de Roquemaurel
Tel. 00 33 (0)1 40 40 27 00
mailto:investor-relations@artefact.com
ACTIFIN
Stéphane Ruiz / Victoire Demeestere
Tel. 00 33 (0)1 56 88 11 11
^[1] Statista Digital Economy Compass
Attachment:
http://www.globenewswire.com/NewsRoom/AttachmentNg/2da26ad1-5d75-4e9b-b7b4-912e6606c173 Reported by GlobeNewswire 6 hours ago.
Paris, Wednesday, 14 March 2018
5:45 CET
*Acquisitions in China*
*Artefact extends footprint in Asia *
*Artefact (FR0000079683 - ALNBT - eligible for French SME equity savings plan "PEA-PME")* *today announced the acquisitions of 8 Matic and its affiliates operating under the NetBooster brand. After opening subsidiaries in Hong Kong, Singapore, Malaysia and Australia last year, these acquisitions represent a major move forward for the Group in its involvement on the fast-growing Asia-Pacific markets.*
*Growth nearing 30% and solid profitability*
8 Matic and its affiliates have proven expertise in the digital field, offering a blend of consulting, media activation and creative services. Founded in 2010 by Pascal Duriez and Jo Chan Kue, the companies operate in Shanghai, Hong Kong and Seoul. With over 80 employees, they delivered a gross margin of €3m in 2017, implying organic growth of 30% relative to 2016. Profitability was also assured with historical EBITDA of over 10%. With 8 years of knowledge gained on the Chinese digital ecosystem, they are widely recognised among the global advertising brands operating in Asia, including Pernod Ricard, DFS, Dior, Hugo Boss, Finnair, Bic, English First, RedBull, Merck, Club Med, Cebu Pacific Air, and Huawai...
Subsequent to the transaction, Artefact will take a majority stake in 8 Matic and in its affiliates. The agreement provides for a strengthening in Artefact's stake over the next four years, after which Artefact will have full ownership. Artefact already has a 19% stake in one of the acquired companies since 2010.
Pascal Duriez will play a pivotal role in Artefact's expansion in the Asia-Pacific zone. He has therefore been appointed CEO of Artefact for APAC and is joining the Group's Strategic Committee which is composed of Guillaume de Roquemaurel (CEO Artefact Group), Vincent Luciani (COO Artefact Group), Philippe Rolet (CTO Artefact Group), Matthew Phelan (CEO 4Ps), Julius Ewig (CEO Metapeople Allemagne), Kristoffer Ewald (CIO Artefact Group), Lennert De Rijk (CEO BeNeLux & Nordics), Jan Klawer (CEO MENA).
Commenting on the transaction, Pascal Duriez says: "I am delighted to be joining the Group. The combination of our expertise and expanded footprint in accelerating markets offers us enormous potential for growth. Previous joint campaigns have already demonstrated to us the power of our merged strengths. When you share the same culture on Data, Media and Creativity, adding a deep understanding of the Chinese and APAC markets makes a lot of difference. We are now in working order to go faster and further across all APAC markets."
*A decisive milestone in Artefact's expansion in Asia Pacific*
Having opened subsidiaries in Hong Kong, Singapore, Malaysia and Australia last year, the operation will bolster Artefact's position in the Asia-Pacific zone, giving it a headcount of over 100 employees with which to address that market.
*Fresh technological expertise, high potential for serving western clients*
With these acquisitions, Artefact will reinforce its knowledge of the Asian technological ecosystem thanks to strong partnerships established with BAT (Baidu, Alibaba, Tencent) in terms of inventory, data, tracking and media activation. This enhanced expertise will give Artefact the capacity to unlock sizeable commercial synergies with its international network and extend its potential to work with western clients in the Asia-Pacific zone.
*A strategic position from which to take advantage of burgeoning Asian brands *
This transaction will also put Artefact in an ideal position to take advantage of burgeoning local demand. An increasing number of advertising brands are seeking to integrate expertise in data consulting, digital marketing and Artificial Intelligence into their campaigns. As an illustration, Chinese digital advertising expenditures have risen by nearly 18% against +7.7% on the North American continent. They should reach nearly 100 billion dollars in 2020^[1]. Thanks to its direct presence in the region, Artefact will be able to take full advantage of this underlying trend.
Meanwhile, big Asian brands with a strong presence in their continent of origin have set out to conquer western markets and this effort is poised to gain traction over the next few years. Once again, Artefact now has all the strengths needed to exploit this considerable growth potential in full.
In the words of Artefact CEO Guillaume de Roquemaurel: "China is shaping up to be one of the most developed countries in the world in terms of digital adoption and expansion. In 2017, Chinese online sales increased by more than 17% from 2016 and the country is now the first e-commerce market in the world with a turnover of €440bn. All of which offers extensive opportunities to be exploited and we fully intend to grab them by stepping up our expansion in this promising market. The transaction announced today is perfectly consistent with this offensive strategy, which should enable us to unlock strong growth in this market as of 2018."
*Financial calendar (after market):*
25 April 2018
2017 Results and Q1 2018 Gross margin
24 July 2018
Q2 2018 Gross margin
23 October 2018
H1 2018 Results and Q3 2018 Gross margin
END
**About Artefact I* artefact.com*
Artefact embodies the perfect combination of marketing and engineering experts. Nominated innovative agency of the year in 2017, the agency works with some of the biggest advertising brands to invent the future of customer experience through new technologies. The agency has almost 1,000 employees across 17 countries worldwide, delivering three complementary solutions: Data Consulting, Digital Marketing Expertise and Technology Deployment (Big Data and Artificial Intelligence). Its 600 active clients include more than 100 blue-chip accounts, such as Orange, Carrefour, Emirates, Deutsche Telekom, and Monoprix, all of which attracted by the agency's cutting-edge expertise. Artefact was founded by three alumni of the prestigious Ecole Polytechnique engineering school in Paris: Vincent Luciani, Philippe Rolet and Guillaume de Roquemaurel. It has been enjoying extremely robust growth since it was founded in 2015 and succeeded in tripling its sales in 2016. In September 2017, the agency merged with French listed company NetBooster, an international network of digital agencies run by data and media experts.
Artefact was awarded the Grand Prix d'Honneur at this year's Data Festival and obtained FrenchTech's official diploma for "hyper-growth" French companies awarded by the French Secretary of State for Digital Affairs, Mounir Mahjoubi.
*For more information:*
* * * *
*Financial Communications* *Press Contact*
ARTEFACT
Guillaume de Roquemaurel
Tel. 00 33 (0)1 40 40 27 00
mailto:investor-relations@artefact.com
ACTIFIN
Stéphane Ruiz / Victoire Demeestere
Tel. 00 33 (0)1 56 88 11 11
^[1] Statista Digital Economy Compass
Attachment:
http://www.globenewswire.com/NewsRoom/AttachmentNg/2da26ad1-5d75-4e9b-b7b4-912e6606c173 Reported by GlobeNewswire 6 hours ago.
↧
ISIS propaganda has altered jihadi discourse in India, but social fabric remains intact:Home Minister Rajnath Singh
Union Home Minister Rajnath Singh today said radicalisation of the populace, particularly youths, is one of the most challenging problems the world is facing currently.
Addressing the fourth counter-terrorism conference -- 'Changing Contours of Global Terror' -- here, Singh, without taking Pakistan's name, said some countries are providing sponsorship and safe havens to terrorists and this has further played a major role in the phenomenal growth of terrorism globally.
"Radicalisation of populace, particularly youths, is another trend and one of the most challenging problems being faced the world over.
"Several countries in the world have identified the problem and have taken measures to check and control the process of radicalisation and I am happy to state that India has timely busted some modules that were planning to orchestrate terrorist attacks on her soil," he said.
The home minister said providing sponsorship and safe havens have further played a major role in the phenomenal growth of global terrorism.
In addition, state support has granted terrorist groups access to resources, guidance and logistics, which would normally be beyond their capabilities, Singh said.
"Any effort to counter the activities of terrorist groups carries the danger of placing the victim nation in direct confrontation with the host nation and its resources," he said.
Singh said in the recent years, perception of global terrorism has undergone a massive makeover with the rise of armed terror groups especially in the Middle East, South Asia and Africa.
"This phenomenon could be attributed to the diminishing control in the terror space of the Al-Qaeda leadership, which just a decade ago was the face of terrorism. The shift of AQ Network from the Middle East to South Asia is a phenomenon, which is of serious concern to India," he said.
The home minister said a new dimension of terrorism is the networking of terrorist groups with the criminal underworld including organised crime gangs, gunrunners, smugglers, drug peddlers, with hawala and parallel banking channels being used for global flows of finance.
"It has enabled global terrorist groups to use the infrastructure and terrain knowledge of local outfits for launching attacks in countries, despite having no presence in the area," he said.
The home minister said the government has kept a keen watch on the growth of ISIS and their ways of using social media as a key tool for ideological indoctrination, recruitment and networking by targeting young generation and intellectual Muslims.
"The potential threat posed by the ISIS are large scale radicalisation of Muslim youths throughout the world, rise in 'lone-wolf' and terror attacks by returnee foreign fighters to their home countries. The terror attacks in Australia and France are telling examples of such threat," he said.
Singh said ISIS propaganda has significantly altered jihadi discourse in India, which, so far, was rooted in grievances against the Indian state and society.
"I am, however, happy that Indian social fabric has not been affected by the emergence of the Islamic State and I am sure this will not have any further impact in our country," he said.
The home minister said India has consistently taken steps to intensify and strengthen international cooperation through various means.
Terrorism, in all forms, including, Left Wing Extremism and Insurgency, poses a challenge on the sovereignty of India and the country already faces a serious challenge due to relentless efforts of Pakistan-sponsored anti-India Islamist groups like the LeT, JeM, HUJI and Hizbul Mujahideen, he said.
Singh said emergence of India at the global level is also being challenged by the terrorist groups, due to its vibrant economy and plural character.
Article Type:
Report
Sections:
India
Agencies:
PTI
Tags:
Rajnath Singh
Isis
terrorism in India
Wed, 14 Mar 2018-10:49pm
Date updated:
Wednesday, 14 March 2018 - 10:53pm
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ISIS has altered jihadi discourse in India: Rajnath Singh
From Print Edition:
Highlights: Reported by DNA 4 hours ago.
Addressing the fourth counter-terrorism conference -- 'Changing Contours of Global Terror' -- here, Singh, without taking Pakistan's name, said some countries are providing sponsorship and safe havens to terrorists and this has further played a major role in the phenomenal growth of terrorism globally.
"Radicalisation of populace, particularly youths, is another trend and one of the most challenging problems being faced the world over.
"Several countries in the world have identified the problem and have taken measures to check and control the process of radicalisation and I am happy to state that India has timely busted some modules that were planning to orchestrate terrorist attacks on her soil," he said.
The home minister said providing sponsorship and safe havens have further played a major role in the phenomenal growth of global terrorism.
In addition, state support has granted terrorist groups access to resources, guidance and logistics, which would normally be beyond their capabilities, Singh said.
"Any effort to counter the activities of terrorist groups carries the danger of placing the victim nation in direct confrontation with the host nation and its resources," he said.
Singh said in the recent years, perception of global terrorism has undergone a massive makeover with the rise of armed terror groups especially in the Middle East, South Asia and Africa.
"This phenomenon could be attributed to the diminishing control in the terror space of the Al-Qaeda leadership, which just a decade ago was the face of terrorism. The shift of AQ Network from the Middle East to South Asia is a phenomenon, which is of serious concern to India," he said.
The home minister said a new dimension of terrorism is the networking of terrorist groups with the criminal underworld including organised crime gangs, gunrunners, smugglers, drug peddlers, with hawala and parallel banking channels being used for global flows of finance.
"It has enabled global terrorist groups to use the infrastructure and terrain knowledge of local outfits for launching attacks in countries, despite having no presence in the area," he said.
The home minister said the government has kept a keen watch on the growth of ISIS and their ways of using social media as a key tool for ideological indoctrination, recruitment and networking by targeting young generation and intellectual Muslims.
"The potential threat posed by the ISIS are large scale radicalisation of Muslim youths throughout the world, rise in 'lone-wolf' and terror attacks by returnee foreign fighters to their home countries. The terror attacks in Australia and France are telling examples of such threat," he said.
Singh said ISIS propaganda has significantly altered jihadi discourse in India, which, so far, was rooted in grievances against the Indian state and society.
"I am, however, happy that Indian social fabric has not been affected by the emergence of the Islamic State and I am sure this will not have any further impact in our country," he said.
The home minister said India has consistently taken steps to intensify and strengthen international cooperation through various means.
Terrorism, in all forms, including, Left Wing Extremism and Insurgency, poses a challenge on the sovereignty of India and the country already faces a serious challenge due to relentless efforts of Pakistan-sponsored anti-India Islamist groups like the LeT, JeM, HUJI and Hizbul Mujahideen, he said.
Singh said emergence of India at the global level is also being challenged by the terrorist groups, due to its vibrant economy and plural character.
Article Type:
Report
Sections:
India
Agencies:
PTI
Tags:
Rajnath Singh
Isis
terrorism in India
Wed, 14 Mar 2018-10:49pm
Date updated:
Wednesday, 14 March 2018 - 10:53pm
Article Images:
Short URL:
dnai.in/2
Embargo:
Syndicate:
Hide lead image:
Page views:
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Short Title:
ISIS has altered jihadi discourse in India: Rajnath Singh
From Print Edition:
Highlights: Reported by DNA 4 hours ago.
↧
Macron’s Visit Marks New Phase In Indo-France Strategic Partnership – Analysis
A major highlight of the visit was the founding conference of the International Solar Alliance.
By Akshay Ranade*
“France wants India as its first strategic partner in Asia, and it wants to be India’s first strategic partner in Europe, and even the western world,” said French President Macron as the two countries inked 14 crucial agreements in New Delhi, signalling a “big leap” in the bilateral relations. Macron’s was an unambiguous gesture reflecting the deepening of strategic ties between the two countries. The comprehensive nature of the agreements covering defence, economic, nuclear energy and energy security, among others, was an indication of growing convergence between the two countries in the times of dispersed and diverse security threats with global balance of power under transition. Though India and France have maintained cordial relations since the cold war times, the potential of their strategic partnership appeared to have remained largely underutilised. The recent visit by the French President to New Delhi may well be considered as a major breakthrough in strategic ties between the two countries as they are responding to their convergence of interests like never before.
A major highlight of the visit, apart from signing deals worth $16 billion, was the founding conference of the International Solar Alliance (ISA), co-chaired by India and France, with the presence of the heads of state of 23 countries and ministerial representatives from 10 other nations. An idea mooted by PM Modi and enthusiastically promoted by France under then President Francois Hollande was an expression of the two democracies willing to shoulder the responsibility of a global problem when major powers were retracting from their responsibilities. The fact that India was one of the few developing countries to not only support the Paris accord, but also playing a key role in successfully negotiating the deal and working to promote the alternative sources of energy was well recognised by the Paris. The ISA is an excellent example that speaks of the willingness of the two countries in leading a global discourse and action in dealing with the climate change.
Modi and Macron also discussed broad range of bi-lateral issues, including terrorism. Apart from the customary condemnation of the terrorism, one of the major takeaway for India was the mention of specific terrorist organisations having roots in Pakistan like Jaish-e-Mohammed, Hizbul Mujahideen, Lashkar-e-Tayabba along with the terrorist groups threatening peace and security in South Asia in their joint statement. The specific references to these organisations implied the French recognition of Indian sensitivities with regard to crossborder terrorism and state support for the same.
The most significant takeaway, however, was the headway in the defence partnership with special focus on maritime security. The identification of ‘common threat’ was unambiguous when Macron said “a strong part of our security and the world’s stability is at stake in the Indian Ocean” and that “oceans cannot become a place of hegemony,” further pledging that “stability in the Indian Ocean region is very important for the stability of the entire region, and we are with India for freedom of navigation in the Indo-Pacific.” French interest in Indian Ocean Region is indeed intelligible. Despite possessing substantial overseas territories, including in the Indian Ocean Region, France has consciously maintained a low profile regarding its overseas islands. In the recent times, however, France has been increasingly active with the ‘oceanic concerns’ given its interests not only in the Indian Ocean, but also in the Pacific.
Identification of China’s growing assertiveness in the seas as a matter of concern may well be a dominating factor in France’s increased focus on these overseas territories. France has repeatedly assessed the growing presence of China in the Indo-Pacific as a possible impediment in its freedom of action at sea. Strong strategic ties with India to safeguard its interest in the IOR vis-à-vis China is certainly in the interest of France. France have accordingly been attempting to forge closer ties with India. Though there was hint of enthusiasm in the Indian response initially, it soon appeared waning due to domestic political realities during the UPA administration. The new government under PM Modi provided a great opportunity to reboot the strategic ties.
Modi government, which has shown an inclination towards forging and deepening strategic ties with countries of converging interests, was quick to reach out to France. Modi was among the first visitors in Paris after Macron took the office. Modi’s visit was soon followed by high level official visits from both the countries to finalise the contours of emerging strategic partnership and the outcome of which was the finalisation of the purchase deal for 36 Rafale air fighters. A significant aspect in India’s favour in the deal is that a large part of the production will now be in India. Along with that, six Scorpene class submarines will also be entirely built in India. This will provide a boost to PM’s Make in India programme in the defence production. However, the most significant outcome in the defence ties is the signing of the strategic defence pact between the two countries, providing for the use of each other’s military facilities.
The ‘LEMOA-like’ arrangement between India and France is extremely critical as it will help India in filling the strategic space, especially in the western Indian Ocean region, which is extremely critical due to the presence of major SLOCs. France has three critically located bases in the western Indian Ocean — Abu Dhabi, Djibouti and the Reunion Island. The reunion, strategically located between the Madagascar and Mauritius, houses one of the largest French Naval bases. The availability of these bases will surely help to strengthen the security architecture India is attempting to build in the region. In the eastern Indian Ocean, India is well placed with strong a base in Andaman and Nicobar islands. Apart from that, emerging alignments in the region like that of Quad and India’s deepening of strategic ties with countries like Vietnam, Japan, Australia and the US individually will further help to augment its capabilities in the eastern Indian Ocean. Now with the defence pact with France, along with the existing arrangements with Oman, Seychelles and Mauritius provides a solid base to expand Indian capabilities in the western Indian Ocean as well. The defence pact with France therefore is extremely critical.
China’s expansion in the Indo-Pacific has triggered unprecedented changes in the global order. The relentless rise of China is providing a natural push for countries like India and France to deepen their strategic partnership. Apart from that, the growing convergence of interests and the willingness to co-operate has brought the two countries closer than ever before. President Macron’s visit has thus solidified the base for a more entrenched strategic partnership between the two countries.
The author is Research Intern at ORF New Delhi. Reported by Eurasia Review 5 hours ago.
By Akshay Ranade*
“France wants India as its first strategic partner in Asia, and it wants to be India’s first strategic partner in Europe, and even the western world,” said French President Macron as the two countries inked 14 crucial agreements in New Delhi, signalling a “big leap” in the bilateral relations. Macron’s was an unambiguous gesture reflecting the deepening of strategic ties between the two countries. The comprehensive nature of the agreements covering defence, economic, nuclear energy and energy security, among others, was an indication of growing convergence between the two countries in the times of dispersed and diverse security threats with global balance of power under transition. Though India and France have maintained cordial relations since the cold war times, the potential of their strategic partnership appeared to have remained largely underutilised. The recent visit by the French President to New Delhi may well be considered as a major breakthrough in strategic ties between the two countries as they are responding to their convergence of interests like never before.
A major highlight of the visit, apart from signing deals worth $16 billion, was the founding conference of the International Solar Alliance (ISA), co-chaired by India and France, with the presence of the heads of state of 23 countries and ministerial representatives from 10 other nations. An idea mooted by PM Modi and enthusiastically promoted by France under then President Francois Hollande was an expression of the two democracies willing to shoulder the responsibility of a global problem when major powers were retracting from their responsibilities. The fact that India was one of the few developing countries to not only support the Paris accord, but also playing a key role in successfully negotiating the deal and working to promote the alternative sources of energy was well recognised by the Paris. The ISA is an excellent example that speaks of the willingness of the two countries in leading a global discourse and action in dealing with the climate change.
Modi and Macron also discussed broad range of bi-lateral issues, including terrorism. Apart from the customary condemnation of the terrorism, one of the major takeaway for India was the mention of specific terrorist organisations having roots in Pakistan like Jaish-e-Mohammed, Hizbul Mujahideen, Lashkar-e-Tayabba along with the terrorist groups threatening peace and security in South Asia in their joint statement. The specific references to these organisations implied the French recognition of Indian sensitivities with regard to crossborder terrorism and state support for the same.
The most significant takeaway, however, was the headway in the defence partnership with special focus on maritime security. The identification of ‘common threat’ was unambiguous when Macron said “a strong part of our security and the world’s stability is at stake in the Indian Ocean” and that “oceans cannot become a place of hegemony,” further pledging that “stability in the Indian Ocean region is very important for the stability of the entire region, and we are with India for freedom of navigation in the Indo-Pacific.” French interest in Indian Ocean Region is indeed intelligible. Despite possessing substantial overseas territories, including in the Indian Ocean Region, France has consciously maintained a low profile regarding its overseas islands. In the recent times, however, France has been increasingly active with the ‘oceanic concerns’ given its interests not only in the Indian Ocean, but also in the Pacific.
Identification of China’s growing assertiveness in the seas as a matter of concern may well be a dominating factor in France’s increased focus on these overseas territories. France has repeatedly assessed the growing presence of China in the Indo-Pacific as a possible impediment in its freedom of action at sea. Strong strategic ties with India to safeguard its interest in the IOR vis-à-vis China is certainly in the interest of France. France have accordingly been attempting to forge closer ties with India. Though there was hint of enthusiasm in the Indian response initially, it soon appeared waning due to domestic political realities during the UPA administration. The new government under PM Modi provided a great opportunity to reboot the strategic ties.
Modi government, which has shown an inclination towards forging and deepening strategic ties with countries of converging interests, was quick to reach out to France. Modi was among the first visitors in Paris after Macron took the office. Modi’s visit was soon followed by high level official visits from both the countries to finalise the contours of emerging strategic partnership and the outcome of which was the finalisation of the purchase deal for 36 Rafale air fighters. A significant aspect in India’s favour in the deal is that a large part of the production will now be in India. Along with that, six Scorpene class submarines will also be entirely built in India. This will provide a boost to PM’s Make in India programme in the defence production. However, the most significant outcome in the defence ties is the signing of the strategic defence pact between the two countries, providing for the use of each other’s military facilities.
The ‘LEMOA-like’ arrangement between India and France is extremely critical as it will help India in filling the strategic space, especially in the western Indian Ocean region, which is extremely critical due to the presence of major SLOCs. France has three critically located bases in the western Indian Ocean — Abu Dhabi, Djibouti and the Reunion Island. The reunion, strategically located between the Madagascar and Mauritius, houses one of the largest French Naval bases. The availability of these bases will surely help to strengthen the security architecture India is attempting to build in the region. In the eastern Indian Ocean, India is well placed with strong a base in Andaman and Nicobar islands. Apart from that, emerging alignments in the region like that of Quad and India’s deepening of strategic ties with countries like Vietnam, Japan, Australia and the US individually will further help to augment its capabilities in the eastern Indian Ocean. Now with the defence pact with France, along with the existing arrangements with Oman, Seychelles and Mauritius provides a solid base to expand Indian capabilities in the western Indian Ocean as well. The defence pact with France therefore is extremely critical.
China’s expansion in the Indo-Pacific has triggered unprecedented changes in the global order. The relentless rise of China is providing a natural push for countries like India and France to deepen their strategic partnership. Apart from that, the growing convergence of interests and the willingness to co-operate has brought the two countries closer than ever before. President Macron’s visit has thus solidified the base for a more entrenched strategic partnership between the two countries.
The author is Research Intern at ORF New Delhi. Reported by Eurasia Review 5 hours ago.
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Your weather: Mixed bag as heavy rain and strong winds precede a fine weekend
A mixed weather bag is brewing for the country with heavy rain and wind warnings in the South Island, but mostly settled weather over the North Island. However, the remnants of an ex-tropical cyclone battering Australia's East Coast...
Reported by New Zealand Herald 3 hours ago.
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Olympus Stem Cells Pty Ltd: Olympus Stem Cells Demonstrates Hair Regeneration with Stem Cells and Zinc for Patients with Alopecia
SYDNEY, AUSTRALIA / ACCESSWIRE / March 14, 2018 / Medical clinic and research facility Olympus Stem Cells Pty Ltd, based in Sydney Olympic Park, NSW, Australia, are pleased to announce cutting edge...
Reported by FinanzNachrichten.de 4 hours ago.
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Squad for Women's T20I tri-series named
The Board of Control for Cricket in India (BCCI) on Wednesday announced the 15-member squad for the upcoming trilateral T-20 series against England and Australia to be played in Mumbai between
Reported by Sify 4 hours ago.
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Asia and Australia Edition: Stephen Hawking, Theresa May, School Walkout: Your Thursday Briefing
Here’s what you need to know to start your day.
Reported by NYTimes.com 3 hours ago.
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Australia considering fast-track visa program for white South African farmers
Australian Home Affairs Minister Peter Dutton has announced he plans to examine ways to fast-track a visa program for white South African farmers.
Reported by FOXNews.com 1 hour ago.
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T20 tri-series: Jhulan Goswami returns to Team India after injury lay-off
Veteran seamer Jhulan Goswami was named in the Indian women's team for the T20 tri-series involving Australia and England with Harmanpreet Kaur back as the leader. The tri-series will be played between March 22-31.
Reported by DNA 3 hours ago.
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Scientists intentionally acidify sea water to show just how screwed coral reefs really are
An experiment carried out at One Tree Island in Australia's Great Barrier Reef offers a stark warning of the growing risks that corals face as the oceans become more acidic with time. Ocean acidification due to the burning of fossil fuels could pose a severe risk to the integrity of these marine structures, according to a study published Wednesday in the journal Nature.
For the study, marine scientists pumped carbon dioxide-infused seawater across a patch of Australia's Great Barrier Reef to simulate how acidic the oceans will likely be in the next few decades and almost certainly before the end of the century. Read more...
More about Science, Global Warming, Ocean Acidification, Great Barrier Reef, and Coral Reefs Reported by Mashable 3 hours ago.
For the study, marine scientists pumped carbon dioxide-infused seawater across a patch of Australia's Great Barrier Reef to simulate how acidic the oceans will likely be in the next few decades and almost certainly before the end of the century. Read more...
More about Science, Global Warming, Ocean Acidification, Great Barrier Reef, and Coral Reefs Reported by Mashable 3 hours ago.
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Stefanini Takes Part in Google CS First Event in Southfield, Michigan
SOUTHFIELD, Mich., March 14, 2018 (GLOBE NEWSWIRE) -- Stefanini, a $1B global IT provider with locations in 40 countries across the Americas, Europe, Australia and Asia, participated in the Google CS First Event in Southfield on Tuesday, Feb. 27. The event is part of a program that helps teach coding skills to students in grades 4-8 through an online curriculum. The goal is to help kids become interested in technology early.The event featured interactive stations in which the students could participate. More than 400 students from different schools across Michigan gathered together and engaged with different devices and technologies.
“We are proud to be a part of this important Google initiative,” said Carla Ferber, marketing director at Stefanini North America and Asia-Pacific. “The world is in a transformational process, and it will demand even more technology skills. Stefanini is aligned with this need, and we are investing significantly in engaging this generation in conversations about how technology can help them build a better future,” she said.
During the event, Stefanini showcased its augmented reality solution through a funny trivia game. Sophie—Stefanini’s artificial intelligence platform with the ability to turn data into valuable solutions—also made an appearance at the event, as part of one of the augmented reality trivia questions.
*About Stefanini*
Stefanini (www.stefanini.com) is a Brazilian multinational with 30 years of experience in the market, investing in a complete innovation ecosystem to meet the main verticals and assist customers in the process of digital transformation. With robust offerings aligned with market trends such as automation, cloud, Internet of Things (IoT) and user experience (UX), the company has been recognized with several awards in the area of innovation.
Today, the company has a broad portfolio of solutions that combine innovative consulting, marketing, mobility, personalized campaigns and artificial intelligence services for traditional solutions such as service desk, field service and outsourcing (BPO).
With a presence in 40 countries, Stefanini was named the fifth most internationalized company, according to the Dom Cabral Foundation ranking of 2017.
*Editorial Contacts*
Vanessa Morais
Vanessa.morais@stefanini.com
+1 248 263.8612 Reported by GlobeNewswire 3 hours ago.
“We are proud to be a part of this important Google initiative,” said Carla Ferber, marketing director at Stefanini North America and Asia-Pacific. “The world is in a transformational process, and it will demand even more technology skills. Stefanini is aligned with this need, and we are investing significantly in engaging this generation in conversations about how technology can help them build a better future,” she said.
During the event, Stefanini showcased its augmented reality solution through a funny trivia game. Sophie—Stefanini’s artificial intelligence platform with the ability to turn data into valuable solutions—also made an appearance at the event, as part of one of the augmented reality trivia questions.
*About Stefanini*
Stefanini (www.stefanini.com) is a Brazilian multinational with 30 years of experience in the market, investing in a complete innovation ecosystem to meet the main verticals and assist customers in the process of digital transformation. With robust offerings aligned with market trends such as automation, cloud, Internet of Things (IoT) and user experience (UX), the company has been recognized with several awards in the area of innovation.
Today, the company has a broad portfolio of solutions that combine innovative consulting, marketing, mobility, personalized campaigns and artificial intelligence services for traditional solutions such as service desk, field service and outsourcing (BPO).
With a presence in 40 countries, Stefanini was named the fifth most internationalized company, according to the Dom Cabral Foundation ranking of 2017.
*Editorial Contacts*
Vanessa Morais
Vanessa.morais@stefanini.com
+1 248 263.8612 Reported by GlobeNewswire 3 hours ago.
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Carillion-style crash impossible to predict, says infrastructure investor
Investment firm Gravis, which is preparing to float a new infrastructure fund in London, has said there is no way to predict another collapse like that of construction firm Carillion.Gravis’s latest Global Diversified Infrastructure fund, which is aiming to raise £200m when it floats on 3 April, will invest in projects across the world in order to mitigate such risks which may occur in one country.
“Things do come round and bite you – over any long term investment horizon, shocks do occur,” said Gravis’s chairman Stephen Ellis.
*Read more: *GCP's asset-backed lending fund weighs up a further £70m fundraise just 20 months after IPO
“In our view, the only way of mitigating the dangers of such black swan events is wide-ranging diversification.”
Discussing whether there was any way to foresee a crash like that of Carillion when investing in particular projects – infrastructure investor Hicl took a £50m hit when the contractor went bust – Ellis was doubtful.
"Carillion was a listed player of some significance. You can look at their books but 10 years ago when Hicl, or Hicl's predecessor, was looking towards their contracts there was no sign of a pension deficit," he said.
*Read more: *HICL braced for £50m hit from Carillion collapse but says dividend guidance won't change
"No matter how effective your due diligence process, things inevitably when you're looking at 30-year cash flows can turn around and surprise you."
Gravis's new vehicle will invest in other funds to take advantage of local managers’ expertise, and will look at projects ranging across the US, Canada, Europe and Australia.
It will also be diversified by sector, focusing mainly on energy generation, accommodation, transport and regulated utilities.
With a pipeline of more than £500m of opportunities already, according to Gravis, the cash raised through the public float should be invested within eight months.
The firm currently has £2.3bn in assets under management across three London-listed funds and two investment companies, two of which are focused on UK infrastructure.
*Read more: *David Cameron spearheads $1bn infrastructure fund to help China boost its trading links Reported by City A.M. 2 hours ago.
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Geordie Shore cast 2018: Who's going to be in season 17 with Chloe Ferry? All the details as Marnie Simpson confirms she's QUIT the show
Geordie Shore cast 2018: Fans have been left confused over the MTV show's line-up[Wenn] The MTV favourite is set to return later for season 17 – which is currently being filmed in Australia. Geordie Shore regulars Chloe Ferry and Love Island star boyfriend Sam Gowland, Sophie Kasaei and Nathan Henry have all been spotted Down Under as the cameras started rolling. But there have been some of the show's familiar faces missing, leaving fans questioning who was actually still in the ...
Reported by OK! 32 minutes ago.
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Tawana Resources delivers first production of spodumene in Australia since 2016
Tawana Resources N.L.’s (ASX:TAW) shares soared 15% on Wednesday after the company confirmed that it had commenced production of lithium concentrate at Bald Hill. The Bald Hill lithium and tantalum mine in the eastern goldfields of Western Australia is a 50:50 joint venture between Tawana and Alliance Mineral Assets Ltd (SGX:40F). Successful commissioning of DMS circuit The spodumene (lithium) concentrate production is the result of ore commissioning through the newly constructed dense media separation (DMS) circuit. READ: Tawana Resources on track to commence lithium production at Bald Hill The DMS will be ramped up to full production run rate over several months. This is an important milestone for both Tawana and the broader industry given that Bald Hill is the first Australian mine to commence spodumene production since 2016. Focusing on steady-state production from Stage I Mark Calderwood, managing director said: “It is a great effort by everybody involved to take Bald Hill from maiden lithium resource to production in nine months including only seven months of construction from the ground up. “The focus now is to achieve steady state production from the Stage I DMS circuit, and optimise lithium yields. “Concurrently, we will work on completion of the Stage II lithium fines circuit design and re-commissioning of the tantalum circuits.” Offtake agreements secured Each of Tawana and Alliance executed separate offtake agreements in April 2017 for the supply of lithium concentrate from Bald Hill over a five-year term. Pricing for 2018 and 2019 is US$880 per tonne free on board Esperance for 6% lithium. The prepayments from the offtake agreements are being used towards the capital costs of the project. Canaccord price target implies upside of 20% Reg Spencer, Canaccord Genuity analyst is of the view that the company will ramp up to initial nameplate rates of 150,000 tonnes per annum by September 2018. He also is forecasting that production will increase to 200,000 tonnes per annum by early 2019. Based on offtake pricing and Spencer’s costing model he noted that the company should be trading on an enterprise value to underlying earnings multiple of about three in fiscal 2019. He views this as conservative, and based on his projections a share price target of 60 cents per share is warranted.
Reported by Proactive Investors 45 minutes ago.
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