DP World Inaugurates Major Cruise Terminal in Dubai

first_imgzoom DP World’s third cruise terminal at Mina Rashid, Dubai was inaugurated on Thursday, December 11 by His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.DP World said that the Hamdan bin Mohammed Cruise Terminal is set to be the world’s largest single, covered cruise facility capable of welcoming 14,000 cruise passengers a day.DP World welcomed 4,000 passengers at the new terminal on Thursday from the Costa Cruise and Aida Cruise ships, part of Arabian Gulf tours.The Hamdan bin Mohammed Cruise Terminal covers 28,000 square metres and is the latest addition to the Dubai Cruise Terminal facility at Mina Rashid.HE Sultan Ahmed Bin Sulayem, Chairman of DP World, said: “Dubai’s vision is to attract 20 million tourists a year by 2020, with the Department of Tourism & Commerce Marketing (DTCM) anticipating cruise tourist numbers reaching the one-million mark by that time.”  “The new building will increase the handling capacity of the three cruise terminals in Dubai from two million tourists a year to seven million. The terminal is the largest and most modern cruise facility in the Middle East and the wider region, enabling award winning Mina Rashid to now serve up to seven cruise vessels at one time and more than 25,000 passengers in its three cruise terminals. This expansion came in response to requests from cruise liners and will enable them to increase the number of their trips to Dubai,” the added.The terminal has strong green credentials having been built using re-cycled materials from Jebel Ali, including the steel structure, interlocking bricks, and shipping wood pellets for interior finishing.Features include a Green Wall Shade System to reduce solar ingress, controlled LED and daylight illumination, landscaping and irrigation supply. It also provides bicycle and electric car parking with charging stations.Mina Rashid has been voted the Leading Cruise Port at the World Travel Awards for seven years in a row. The port also handles ferry passengers between Dubai and port cities across the Arabian Gulf.last_img read more

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Entrepreneur prospector of the year

first_imgCanadian Royalties and Osisko Exploration have been recognized by the Quebec Mineral Exploration Association for achievements in advancing projects and new discoveries. Canadian Royalties has been named Quebec Entrepreneur of the Year 2006 at the Annual Conference of the Quebec Mineral Exploration Association. This award recognizes Canadian Royalties’ achievements in advancing its Raglan South nickel project. Over a period of six exploration seasons, which are four months long, the company has completed a positive scoping study of the project and is currently proceeding with permitting applications, a bankable feasibility study, which is due in the second quarter of 2007, and an environmental and social impact analysis.Canadian Royalties’ progress with Raglan South is clearly related to the favourable exploration conditions in Quebec. As a Quebec-based corporation with its main asset in Quebec, Canadian Royalties anticipates continued government support for its further exploration as well as for the permitting, construction and development of the RSNP to production. The company anticipates that the project has the potential to create a significant number of jobs during the construction period and some 250 direct employment positions once in production.The Raglan project was initiated in the spring of 2001 with the optioning of the Expo-Ungava property from Ungava Minerals. Canadian Royalties’ first exploration season in 2001 resulted in the discovery of the TK nickel-copper-platinum-palladium deposit, which was followed by the discovery of the large, well-mineralized Mesamax deposit in the summer of 2002 and the Mequillon deposit in the summer of 2003, both nickel-copper-platinum-palladium deposits. With the addition of the Expo deposit resources, total indicated resources on Raglan South have increased by 73% to over 10.5 Mt.Osisko Exploration was honoured at the award ceremony with the prestigious Prospector of the Year award. The prize is awarded annually to underline the importance of a new discovery which has a significant impact on exploration activity on the property and surrounding region. Michael Gray, Senior Mining Analyst at Pacific International Securities of Vancouver, wrote in a research note, “We view the Prospector of the Year award to Osisko as a key technical and financial acknowledgement of the Osisko management team’s success on the Canadian Malartic gold project. It also provides another validation that the Canadian Malartic gold district is undergoing a renaissance, led by Osisko as it pursues bulk mineable gold deposits and targets in a historic underground mining camp.”The Malartic property, located in the heart of Quebec’s Abitibi gold belt, immediately south of the town of Malartic, some 20 km west of the town Val d’Or. The property (104 claims and one mining concession with a total surface area of 4,442 ha) includes the former underground Canadian Malartic mine, which poured over 1 Moz of gold between the years 1935 – 1965 from ore grading 3 to 6 g/t Au. Between 1935 and 1983, production in the Malartic camp totalled over 5 Moz from the Canadian Malartic, Barnat-Sladen and East Malartic mines.Osisko acquired a 100% interest in the Canadian Malartic property in November 2004 and initiated, in January 2005, a detailed compilation of the extensive historical database, including data from over 5,000 surface and underground drillholes. Osisko commenced its drilling programme on the property in March 2005.The deposit is an Archean porphyry gold system, consisting of a widespread shell of disseminated gold and pyrite mineralization hosted by diorite porphyry and altered metasediments. Drilling and compilation work has outlined a gold mineralized system measuring 1,400 x 350 m, with a variable true thickness ranging from 40 to 270 m to a vertical depth of 320 m from surface. The average grade of the deposit is estimated to lie between 1 and 1.35 g/t Au, yielding a potential resource of about 3 to 4 Moz. Osisko will maintain the current drill programme on the property with the objective of calculating and releasing a NI 43-101 compliant inferred gold resource by the last quarter 2006 and an indicated resource in early 2007.last_img read more

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