Author: Business Enquirer
Guyana Port Inc. (GPI) is taking bold steps towards transforming Guyana’s maritime sector, and at the helm of this transformation is its CEO, Pritipaul Singh Jr. A dynamic and visionary leader, Pritipaul has spearheaded the company’s evolution, not only within the context of the expanding oil and gas industry but also through diversification into ship repair, dry docking, shipbuilding, and dredging. Under his leadership, GPI has expanded rapidly, positioning itself as a key player in Guyana’s economy. However, this transformation has not been easy; it has been driven by a mix of strategic investment, a focus on empowerment, and a…
Ok Tedi Mining Limited (OTML), a key player in the mining industry in Papua New Guinea, has been driving economic growth and providing significant employment for over 40 years. As the company looks to the future, its strategic initiatives for 2025 are focused on sustainability, technological innovation, and community empowerment. These efforts reflect OTML’s commitment to responsible mining practices and its vision for a prosperous future that benefits not only the company but also the local communities and the country as a whole. Extending the Mine Life In a landmark move, OTML has extended the life of the Ok Tedi…
Kamoa Copper S.A. is a prominent name in the global copper industry, recognised for its exceptional mining operations and unwavering commitment to responsible and sustainable practices in the Democratic Republic of Congo (DRC). The company is not simply engaged in the extraction of minerals; it is dedicated to innovating and collaborating closely with local communities to create a promising future for the region. As one of the largest copper mining projects in the world, Kamoa Copper stands out as a beacon of progress in the mining sector. A Big Step for Local Empowerment A significant milestone achieved by Kamoa Copper…
Diamond Trust Bank (DTB) Kenya has long been a leader in the East African banking sector, known for its commitment to delivering innovative financial solutions, fostering sustainable growth, and serving the communities in which it operates. With more than seven decades of experience, the bank has built a strong reputation for supporting businesses, driving financial inclusion, and embracing digital transformation. As the bank looks toward the future, its strategic initiatives for 2025 aim to enhance these core areas even further. Central to these plans are a strong push toward digitalisation, a commitment to sustainability, and a focus on empowering local…
A prominent construction consultancy based in Wales has reported a record-breaking year of growth, attributing its success to a comprehensive organisational restructure. The company, which has deep roots in the Welsh construction industry, has seen significant expansion in its operations and workforce, marking a milestone in its history. Strategic Restructure Fuels Expansion The consultancy underwent a strategic overhaul aimed at streamlining operations, enhancing client services, and fostering innovation. This restructure involved redefining internal processes, investing in staff development, and adopting new technologies to improve project delivery. “Our recent restructure was a pivotal move to align our services with the evolving…
In a significant advancement for energy storage, researchers at Penn State University have developed a low-temperature manufacturing process for solid-state batteries, potentially overcoming longstanding production challenges and paving the way for safer, more efficient energy solutions. The Promise of Solid-State Batteries Solid-state batteries (SSBs) have long been heralded as the next frontier in energy storage, offering higher energy densities, improved safety, and longer lifespans compared to traditional lithium-ion batteries. Unlike their liquid-electrolyte counterparts, SSBs utilise solid electrolytes, reducing the risk of leakage and combustion. However, manufacturing these batteries has been fraught with difficulties, primarily due to the high temperatures required…
Good Energy, a UK-based renewable energy supplier, has been ordered by Ofgem to pay over £150,000 in compensation and redress after failing to issue final bills and refund credit balances to more than 2,200 prepayment meter customers over a nine-year period Regulatory Findings An investigation by Ofgem revealed that between 2014 and October 2023, 2,284 customers who either switched suppliers or terminated their contracts with Good Energy did not receive final bills within the required six-week timeframe. Additionally, many did not receive refunds for remaining credit balances, contravening Standard Licence Condition 27.17. In response, Good Energy has paid £55,281 directly…
As gold prices reach unprecedented heights, industry leaders are urging caution to avoid repeating past mistakes. Jorge Ganoza, CEO of Fortuna Mining, has emphasised the importance of disciplined investment strategies in the face of a booming market. Gold Prices Surge to Record Levels The price of gold has recently climbed to $3,500 per troy ounce, driven by global economic uncertainties and increased investor demand for safe-haven assets. This surge has raised concerns about potential overinvestment in the mining sector, reminiscent of the early 2010s when high prices led to the development of unprofitable projects. Lessons from the Past Reflecting on…
In a significant move to diversify its economy and strengthen international ties, Saudi Arabia has announced plans to sign a mining cooperation agreement with the United States. The memorandum of understanding (MoU), to be negotiated between the Saudi Ministry of Industry and Mineral Resources and the U.S. Department of Energy, aims to bolster collaboration in the mining and mineral resources sectors. Advancing Vision 2030 This prospective agreement aligns with Saudi Arabia’s Vision 2030, a strategic framework to reduce the Kingdom’s dependence on oil and develop other sectors, including mining. Recent geological surveys have revealed that Saudi Arabia’s mineral wealth is…
A prominent Norwegian energy operator is set to embark on significant oil and gas projects, marking a substantial investment in the country’s offshore resources. These developments are poised to enhance Norway’s position as a leading energy supplier in Europe. Strategic Offshore Initiatives The operator’s forthcoming projects focus on the development of multiple offshore fields, aiming to bolster production capacities and ensure long-term energy security. These initiatives align with Norway’s commitment to maintaining a robust energy sector while navigating the global transition towards sustainable resources. Collaborative Efforts and Technological Advancements In collaboration with industry partners, the operator plans to implement cutting-edge…