China in addition to the purchase of the coal business in Australia, aims to get the appropriate transport infrastructure for the supply of its raw material in many corners of the world, reports Bloomberg.
Acquisition of Australian Yancoal Australia Ltd. (which is a part of Chinese coal-mining giant Yanzhou Coal Mining Company), a controlling stake in the Australian-British multinational mining and smelting concern Rio Tinto Group for 2.45 billion dollars will double the energy supply of the Chinese company.
In addition, as the result of these financial operations will be transition into the possession of China’s 36.5% stake in Port Waratah Coal Services Ltd., which has two coal terminals at the port Nyukasl – the main arteries of transportation of coal.
Thus, the annual tonnage of coal production will increase to 34 million tons, and bring Yancoal in first place in the list of coal mining companies in Australia.
Also read: China and Korea are investing in Ukraine?
Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]
On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]
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The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]
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In the world last week, coronavirus was found in another 2.4 million people – a record high since the beginning of the pandemic. This was reported by the WHO on Tuesday, October 20. “The number of new COVID-19 cases continues to grow rapidly, while the number of new deaths remains relatively stable … As of […]Next
JP Morgan Chase will pay $ 307 million as a fine to regulatory authorities. The reason of such decision of the regulators is that the bank did not disclose the information about conflicts of interests to investors in the implementation of its own advertising investment products to clients. Based on the date of the Securities […]Next
The Northern District Court of California ordered Telegram to pay almost $ 625 000 in legal costs to the startup Lantah LLC. The company has a dispute with this startup over the Gram brand. In May 2018, Telegram filed a lawsuit against Lantah, accusing it of violating the rights to the Gram trademark. In June, […]Next
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