Category: Highlights

Since founding privately held USA Rare Earth three years ago, Pini Althaus has focused on turning his vision of creating a secure supply of rare earth elements in the United States a reality. The New York-based CEO is equally determined to establish REE separation and processing capability in the U.S. and build manufacturing facilities for magnets containing the critical elements that are used in everything from American Tomahawk missiles and fighter jets to electric vehicles and wind turbines. SIGN UP FOR THE MINING NEWS DIGEST Sign Up It’s essential, he…

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The de-coal initiative launched by Prime Minister Imran Khan requires the country to develop clean energy to fill the energy gap. In this process, “Biomass energy cooperation will be a new starting point for China-Pakistan Economic Corridor (CPEC) energy cooperation”, Zhang Dayong, secretary-general of the Biomass Energy Industry Part Association (BEIPA), said on Friday BEIJING (APP – UrduPoint / Pakistan Point News – 8th Jan, 2021 ) ::The de-coal initiative launched by Prime Minister Imran Khan requires the country to develop clean energy to fill the energy gap. In this…

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London — Singapore’s commercial onshore middle distillate stockpiles fell to the lowest level in nearly five months, dropping under 15 million barrels as exports rose, although stockpiles remain at historically high levels. Separately, at least three more LR tankers filled with gasoline are heading to Asia from Europe, as demand in the West continues to flounder amid an uncertain COVID-19 outlook. “Asia is an attractive destination since the East-West spread is still strong,” one Singapore gasoline trader said. Another source highlighted countries like Indonesia, Malaysia and India, that despite having high…

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ISLAMABAD: Independent Power Producers (IPPs) and the Federal Government have reportedly not signed the much-awaited agreements due to the lack of a “visible” mode of payment, well-informed sources told Business Recorder. The government and IPPs signed a Memoranda of Understanding (MoUs) a couple of months ago with the commitment to convert these understandings into legal agreements. The sources said the government wanted to give tradable instruments to the IPPs but the International Monetary Fund (IMF) has not given its consent leading to uncertainty in the Finance Ministry as to what…

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PESHAWAR: A lawyer moved the Peshawar High Court on Monday against the outages of natural gas in parts of the provincial capital. In the petition, Saifullah Muhib Kakakhel requested the court to declare the gas denial to Khyber Pakhtunkhwa, especially Peshawar, illegal and unconstitutional and order the immediate restoration of uninterrupted gas supply. He said KP produced more natural gas than its requirement and that under Article 158 of the Constitution, its needs should to be met before the gas was supplied to other provinces. The petitioner requested the court…

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