According to WFP, the Africa Hunger Alert is in reaction to “spontaneous grass-roots initiatives originating among student communities in the United States and Canada and that now stretch from Europe to Hong Kong.” The students and community groups have committed themselves to helping generate an international response to the catastrophic conditions in Africa caused primarily by shifting weather patterns, political instability, failed economic policies, and HIV/AIDS, WFP said in a the statement issued from its Rome headquarters. “By announcing the ‘Africa Hunger Alert’ campaign, WFP is signalling its commitment to link up with ordinary citizens to alert the international community to the enormity of the crisis faced by millions of innocent men, women and children who run the very real risk of death by starvation,” WFP Executive Director James T. Morris said. He appealed to governments, private charities, non-governmental organizations, citizens’ groups “and everyone who cares about fundamental human decency to join this campaign,” adding that “the scope and depth of the crisis is unprecedented and require an unprecedented and urgent response.” The hunger crisis in Africa has grown particularly acute in the wake of two major emergencies this year – in the southern part of the continent and in the Horn of Africa, WFP said. Nearly 15 million people in six countries – Malawi, Zimbabwe, Zambia, Lesotho, Swaziland and Mozambique –are threatened by starvation while an additional 11 to 15 million are at risk in Ethiopia and Eritrea. Mr. Morris said without a massive response, the humanitarian community will not be able to counter these looming disasters. The new campaign, which is open to all interested organizations, will be launched on 16 December and run for at least three months. The UN agency said it will provide support, including a special page on its website, where information about the crisis and the initiative will be posted to lobby governments.
Full-year production for 2009 is expected to be approximately 2.4 to 2.5 Moz gold equivalent, consistent with previously stated guidance for the year, an increase of some 32% over 2008 production As mentioned previously, Kinross is now in the process of assessing goodwill impairment. As a result, Kinross expects to record a goodwill impairment accounting charge in the range of $900 million to $1.2 billion at year end, related primarily to goodwill recorded in the 2007 Bema acquisition. The average cost of sales for 2008 is expected to be in line with the previously stated guidance range of $425 to $445/oz gold equivalent Highlights of Kinross Gold’s outlook for 2009 and an update on key developments include: The average cost of sales per gold equivalent ounce for 2009 is expected to be in the range of $390-420 Production1 for the full year 2008 is expected to be in line with the previously stated guidance range of 1.8 to 1.9 Moz gold equivalent, an increase of approximately 16% over 2007 production Tye Burt, Kinross President and CEO, commented that the company “had a truly outstanding year in 2008. We delivered on our commitments with record production, the successful start-up of our three growth projects, and two major acquisitions. Kinross went against industry trends by growing our production and cash flow while our costs decreased over the year.“In 2009, we will continue to execute on our strategic plan to grow cash flow and continually improve our portfolio of assets. Our three new projects at Paracatu, Kupol and Buckhorn are expected to increase production by approximately 32% compared to 2008, while significantly reducing our overall cost of sales per ounce. As a result, we expect strong cash flow from our operations in 2009.“We will continue to pursue opportunities to optimise Kinross mines and new projects. At current operations, we will be driving improvements and organic growth, including our heap leach project at Fort Knox, as well as potential expansions at Paracatu and Maricunga which are under preliminary review. We will also be preparing the foundations for our next round of new projects, including Lobo Marte and Fruta del Norte. In the third quarter, we also expect to update the market on options for Cerro Casale.The ramp-up in production at the Paracatu expansion is advancing in accordance with the update provided in the third-quarter 2008 release, with mill throughput reaching about 60% of design capacity as of year-end 2008. The project is expected to reach full capacity within the first quarter of 2009. As part of the expansion project, Kinross expects to commence construction of a new tailing impoundment facility at Paracatu in May of 2009, subject to obtaining the requisite construction permit from government authorities. In addition, the company is negotiating with local parties to acquire those land rights for the facility not presently owned by the company, and expects to complete these negotiations before the end of the second quarter of 2009.Construction of the heap leach project at Fort Knox has been concluded for the season and is scheduled to restart in the spring. Construction is complete on some 78% of the leach pad area required for initial ore placement and leaching. Start-up of leaching operations is scheduled to commence in the third quarter of 2009.As previously announced, on December 16, 2008, Kinross acquired a 40% interest in Minera Santa Rosa SCM from certain subsidiaries of Anglo American. On January 7, 2009, Kinross’ previously announced purchase of the remaining 60% interest in Minera from a subsidiary of Teck Cominco was closed in escrow pending registration of the share transfer by Chilean authorities. The share transfer registration was completed on January 7, 2009 and the company expects to clear escrow and complete the transaction on January 8, 2009, at which time Kinross will own 100% of Minera.Minera owns 100% of the Lobo-Marte gold project located in the Maricunga district of northern Chile, roughly midway between Kinross’ Maricunga and La Coipa mines. This acquisition adds approximately 5.9 Moz of gold resources to the front of Kinross’ development pipeline. Kinross has completed due diligence on the project and plans to begin a development program in early 2009. This work will involve drilling, design, engineering, metallurgical testing, with the expectation of upgrading the current resource base to an NI 43-101 compliant reserve.Kinross has substantially completed the integration of Aurelian Resources, following its recent acquisition of the company, and is actively seeking to advance the Fruta del Norte project. Assuming successful passage of new legislation in support of responsible mining in Ecuador, the company plans to invest about $45 million in 2009 to support recommencement of the in-fill drilling program, advancement of project evaluation and environmental permitting, and implementation of an expanded community relations and corporate responsibility program.At Cerro Casale, work is continuing on the update to the project’s technical-economic feasibility. Progress is being made with the project team substantially in place and numerous trade-off studies well underway. A feasibility study is expected to be completed in the third quarter of 2009. Capital expenditures for 2009 are forecast to be approximately $460 million
Decision of IHF Council, to allocate two places for Qatar to Saudi Arabia and Iceland after withdrawal of Bahrain and UAE , sparked a lot of reaction in handball world, but also caused unexpected troubles to the new rivals in Group C – Sweden and Iceland. The teams from Northern Europe have already arranged their friendly encounter for January 9, without expectation that could be drawed in the same group for WCh 2015, which starts six days later!Match will be played in magnificent Kristianstad Arena. Four days before, Sweden will meet Denmark in the first test before Qatar. ← Previous Story Saudi Arabia and Iceland to take last two tickets for Qatar 2015! Next Story → Kielce’s action for Tomasz Strząbała!
ONE OF THE most intense typhoons ever recorded whipped the Philippines today, terrifying millions of people as monster winds tore roofs off buildings and giant waves washed away flimsy homes.Super Typhoon Haiyan smashed into coastal communities on the central island of Samar, about 600 kilometres southeast of Manila, before dawn with maximum sustained winds of about 315 kilometres an hour.“We’ve had reports of uprooted trees, very strong winds… and houses made of light materials being damaged,” Philippine Red Cross chief Gwendolyn Pang told AFP as Haiyan swept across the archipelago’s central and southern islands.The government confirmed one person had been killed but the death toll was expected to rise, with authorities unable to immediately contact the worst affected areasHaiyan is only expected to leave the Philippines in the evening.“We have put rescue teams and equipment at different places, but at the moment we can’t really do much because of the heavy rain and strong winds. There is no power,” Pang said.Previous disastersAn average of 20 major storms or typhoons, many of them deadly, batter the Philippines each year.The developing country is particularly vulnerable because it is often the first major landmass for the storms after they build over the Pacific Ocean.The Philippines suffered the world’s strongest storm of 2012, when Typhoon Bopha left about 2,000 people dead or missing on the southern island of Mindanao.But Haiyan’s wind strength made it one of the four most powerful typhoons ever recorded in the world, and the most intense to have made landfall, according to Jeff Masters, the director of meteorology at US-based Weather Underground.This satellite image provided shows Typhoon Haiyan over the Philippines at 10.30pm (Irish time). (AP Photo/National Oceanic and Atmospheric Administration)Haiyan generated wind gusts of 379 kilometres an hour on Friday morning, according to the US Navy’s Joint Typhoon Warning Center.Masters said the previous record for the strongest typhoon to make landfall was Hurricane Camille, which hit Mississippi in the United States with sustained winds of 190 miles an hour in 1969.While the winds moderated slightly after making landfall, Masters told AFP they would remain strong enough for Haiyan to continue being a “super typhoon” until it exited into the South China Sea.This image provided by the US Naval Research Lab shows Typhoon Haiyan taken by the NEXSAT satellite at 7:30am (Irish time). (AP Photo/US Naval Research Lab)Masters said he expected the damage in Guiuan, a fishing town of about 40,000 people that was the first to be hit on Friday, to be “catastrophic”.Communication lines with Guiuan remained cut off in the afternoon, and the civil defence office said it was unable to give an assessment of the damage there.In Tacloban, a nearby city of more than 200,000 people, corrugated iron sheets were ripped off roofs and floated with the wind before crashing into buildings, according to video footage taken by a resident.Flash floods also turned Tacloban’s streets into rivers, while a photo from an ABS-CBN television reporter showed six bamboo houses washed away along a beach more than 200 kilometres to the south.Preparing for disasterFilipino workers bring down a giant billboard along a busy highway as they prepare for the possible effects of powerful Typhoon Haiyan in suburban Makati, south of Manila. (AP Photo/Aaron Favila)President Benigno Aquino on Thursday had warned his compatriots to make all possible preparations for Haiyan.“To our local officials, your constituents are facing a serious peril. Let us do all we can while (Haiyan) has not yet hit land,” he said in a nationally televised address.More than 125,000 people in the most vulnerable areas had been moved to evacuation centres before Haiyan hit, according to the national disaster management council, and millions of others huddled in their homes.Authorities said schools in the storm’s path were closed, ferry services suspended and flights cancelled.In the capital Manila, which was on the northern edge of the typhoon’s path, many schools were closed amid forecasts of heavy rain.One particularly vulnerable area in Haiyan’s path was the central island of Bohol, the epicentre of a 7.1-magnitude earthquake last month that killed 222 people.At least 5,000 survivors were still living in tents on Bohol, and they were moved to schools that had been turned into evacuation centres.The government and some scientists have said climate change may be increasing the ferocity and frequency of the storms.Masters said warm waters of the Pacific Ocean were an important reason for the strength of Haiyan, but it was premature to blame climate change.“The historical record of typhoons and hurricanes is too short and of too low quality to say if climate change may have played a role,” he said.- © AFP, 2013Read: Fukushima prepares to remove ultra-dangerous fuel rodsAmnesty: Shell made ‘false claims’ on oil spills