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Furthermore, Alibaba emphasized its commitment to the highest standards of data security and resilience. The company highlighted its investments in state-of-the-art infrastructure, advanced fire detection and suppression systems, and comprehensive disaster recovery plans to minimize the risk of similar incidents in the future. Alibaba underlined its dedication to maintaining the trust and confidence of its customers by upholding rigorous standards in data management and security.
Daily Post Nigeria Man kills bosom friend in Delta over N30m Home News Politics Metro Entertainment Sport Metro Man kills bosom friend in Delta over N30m Published on December 23, 2024 By Alex Akinrogbe A suspect, identified as Efe Onoetiyi, and others have been arrested by the police over the murder of one Paulinus Okon. Earlier, Paulinus had been reported missing on September 8, 2024, by his brother, after he went out with his friend, Onoetiyi Efe, a 30-year-old male. Efe, who initially denied knowing anything about Paulinus’s disappearance, later visited Paulinus’s family. When confronted with the fact that Paulinus had gone out with him on that same day, Efe denied this. Later, he returned and demanded N500,000 from Paulinus’s brother, claiming he would use the money to consult a herbalist who could help them locate Paulinus. Efe also informed the family that Paulinus had been kidnapped and collected a ransom of approximately N20,715,000 from Paulinus’s brother, claiming he was in contact with the kidnappers. When it became clear that Efe was hiding something, he was arrested, and the case was transferred to the State Criminal Investigation Department at the State Headquarters in Asaba. The Commissioner of Police, Delta Command, Abaniwonda Olufemi, on November 28, 2024, directed the DPO of Ekpan to take over the case and ensure a thorough investigation is carried out to identify those responsible, as the main suspect, Efe, was not cooperating. Ekpan conducted an intelligence-led investigation that led to the indictment of one Okeimute Gaga, 48. Upon arrest, Okeimute Gaga confessed, saying: “I can no longer hide what happened. I will narrate how Efe brought Paulinus to Orere River in Otokutu and asked us to kill him.” The suspect further stated that on September 8, 2024, he, Efe, Sunday Ikpeba, and a 30-year-old herbalist known as Lawrence Joseph tied Paulinus Okon to a stake at night near Orere River and beheaded him while he was still alive. “His body was thrown into the river while the herbalist took Paulinus’s head and buried it at his shrine in Otokutu,” he added. The DPO of Ekpan Police Station led police operatives to the shrine in Otokutu, where the skull of Paulinus was exhumed and recovered. Asked why he killed his friend, Efe said that he found a building for sale for N30,000,000, which he advertised to Paulinus. The deceased paid him N30,000,000 in three instalments, but instead of purchasing the house, Efe diverted the money for his personal use, buying two plots of land and building a duplex for himself. “I did not know how to explain to the deceased that I had used his money, so I decided that killing him would save me the trouble,” he confessed. According to the Commissioner of Police, Efe and the three other suspects are currently in custody. Related Topics: Delta Don't Miss Miscreants on rampage, 1 killed as police raid hard drugs joint in Calabar You may like Kingship tussle: Delta court convicts 9 in forgery case Yuletide: Delta Police Command restates ban on fireworks Three men to die by hanging for abducting, killing Delta monarch Police arrest 36-year-old man for allegedly raping married woman in Delta Human trafficking: Delta govt to confiscate motor parks, jail operators Anioma monarchs endorse move for separate state from Delta Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global metallurgical coal market size is estimated to grow by USD 95.27 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.77% during the forecast period. Increasing demand for steel is driving market growth, with a trend towards increase in number of smart city projects. However, volatility in prices of metallurgical coal poses a challenge market players include Coal India Limited, China Shenhua energy Company, Peabody Energy, Beijing Jingmei Group Co. Ltd, China National Coal Group Co., Ltd, Arch Coal, Inc., Anglo American, RWE AG, BHP Billiton, Alpha Natural Resources, Cloud Peak Energy, Datong Coal Industry Company Limited, PT Adaro Energy, Yanzhou Coal Mining Company Limited, Murray Energy Corporation, Teck, Shanxi, Whitehaven Coal, Rio Tinto, and Shenhua. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Metallurgical Coal Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 4.77% Market growth 2024-2028 USD 95.27 billion Market structure Fragmented YoY growth 2022-2023 (%) 4.35 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 85% Key countries US, China, and India Key companies profiled Coal India Limited, China Shenhua Energy Company, Peabody Energy, Beijing Jingmei Group Co. Ltd, China National Coal Group Co., Ltd, Arch Coal, Inc., Anglo American, RWE AG, BHP Billiton, Alpha Natural Resources, Cloud Peak Energy, Datong Coal Industry Company Limited, PT Adaro Energy, Yanzhou Coal Mining Company Limited, Murray Energy Corporation, Teck, Shanxi, Whitehaven Coal, Rio Tinto, and Shenhua. Market Driver The global smart city market is experiencing significant growth, with an anticipated Compound Annual Growth Rate (CAGR) of over 22% according to Technavio analysis. Smart cities utilize digital technology to optimize resource usage and enhance productivity and well-being. Infrastructure development, including roads, residential areas, and community facilities, is a key focus. Steel is essential for constructing these structures, making it a vital component in the growth of smart cities. As metallurgical coal is a primary input in steel production, the expansion of smart cities is expected to boost metallurgical coal consumption for steelmaking. The European Innovation Partnership on Smart Cities and Communities, backed by the European Commission, is a significant market driver, aiming to create a European smart city market and improve livability. These developments underscore the importance of metallurgical coal in the global infrastructure sector, positioning it for continued growth in the forecast period. Metallurgical coal, a crucial component in steelmaking, is currently in focus due to its petrographic properties and carbonization process. Coal's thermal maturity, carbon content, and fossil carbon structure impact its utilization as an energy source or household fuel. Coal properties, such as coking properties, mesophase, pyrolysis, thermosolvolysis, and fluidity, influence coal macerals and chemical composition, determining coal rank. Coal extraction and blending techniques are essential for industrial processes, including coal-fired boilers and coke formation in blast furnaces. Metallurgical and thermal coal reserves are essential for power generation, but ESG risks, carbon footprint, greenhouse gas emissions, air pollution, and respiratory illnesses are growing concerns. Understanding coal deposits and their reserves is vital for the industry's sustainable growth. Carbon content, anthracite, and coal rank are significant factors in evaluating coal's suitability for various applications. The coal industry must address these challenges through innovative industrial processes and ESG initiatives to meet the evolving market demands. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This metallurgical coal market report extensively covers market segmentation by 1.1 Steel making- Metallurgical coal plays a crucial role in the steelmaking industry, primarily used for coke production in the Blast Furnace-Basic Oxygen Furnace (BF-BOF) and Electric Arc Furnace (EAF) processes. While BF-BOF requires larger volumes of metallurgical coal, EAF uses lower amounts. In 2020, the BF-BOF process was the dominant steel production method, with world crude steel output reaching 145.5 million tons (Mt) in November 2023, a 3.3% increase from the previous year. This growth is driven by the rising global demand for steel, particularly in emerging economies like China and India, which are among the largest steel producers. Urbanization, infrastructure development, and the construction of new smart city projects further fuel this demand. Additionally, the coking process produces byproducts such as coal tar and benzol, which have stable demand in various industries. New steel plants are being established globally to meet this rising demand, further increasing the need for metallurgical coal. According to the International Energy Agency, global coal demand reached a record 8.3 billion tons in 2022, driven by its availability and affordability compared to other energy sources. These factors collectively contribute to the growth of the metallurgical coal market during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Metallurgical coal, also known as coking coal, is a type of coal with high carbon content and caking ability essential for steelmaking. The world's largest metallurgical coal reserves are found in countries like Australia, China, India, and the United States. Metallurgical coal is primarily used in the production of coke for blast furnaces in the steelmaking process. Coke is produced by heating metallurgical coal in the absence of air to drive off volatile impurities, leaving behind a solid carbon-rich material. Metallurgical coal's high carbon footprint and air pollution make it a significant contributor to greenhouse gas emissions and respiratory illnesses. ESG (Environmental, Social, and Governance) risks associated with metallurgical coal mining and usage are increasingly becoming a concern. Metallurgical coal is used extensively in power generation, but its use is being phased out in favor of cleaner alternatives like natural gas and renewable energy sources. Thermal coal, on the other hand, is used primarily for electricity generation and household heating. The carbon content of thermal coal is lower than that of metallurgical coal, making it less suitable for steelmaking. Coal types include anthracite, bituminous coal, sub-bituminous coal, and lignite. Iron ore, pig iron, and various alloys like ferro-chromium and ferro-manganese are produced using metallurgical coal in the steelmaking process. Market Research Overview Metallurgical coal, also known as met coal, is a type of coal with high coking properties used primarily in steelmaking. It contains a higher carbon content than thermal coal, which is used for power generation and household heating. The world's largest coal reserves include metallurgical coal deposits in countries like China, Australia, India, and the United States. Metallurgical coal's primary use is in the steel industry, where it is transformed into coke in blast furnaces. Coke is essential for iron ore reduction in the steelmaking process, producing pig iron, which is then converted into steel. Metallurgical coal's carbon content, caking ability, and other properties are crucial for the successful production of coke. ESG risks, including carbon footprint and air pollution, are significant concerns for the metallurgical coal market. Greenhouse gas emissions from coal combustion contribute to climate change, while air pollution from coal mining and processing can lead to respiratory illnesses. The metallurgical coal market is also influenced by factors like coal quality, coal classification, and coal utilization. Coal quality is determined by properties like carbon content, ash content, volatile matter, sulfur, and phosphorus. Coal classification systems like the ASTM and the International Coal and Coke Classification System help standardize the assessment of coal quality. Coal utilization includes various applications, such as electricity generation, household heating, anaerobic heating, and the production of carbon fibers, medicines, and chemical products. The steel industry and thermal power plants are significant consumers of metallurgical coal. The metallurgical coal market is influenced by various processes like carbonization, thermal maturity, and coal characterization. Carbonization is the process of heating coal in the absence of air to produce coke and coal tar. Thermal maturity refers to the degree of coal's transformation from a plant to a solid fuel due to heat and pressure. Coal characterization involves analyzing the coal's chemical composition, coal macerals, and coal rank to determine its suitability for specific applications. Coal extraction techniques include coal washing, which separates coal from impurities like rock, clay, and other minerals. Coal blending techniques involve mixing different types of coal to improve the overall quality and reduce impurities. The metallurgical coal market's demand-supply gap can impact prices and availability. Factors like coal reserves, coal production, and coal washing capacity can influence the supply side, while demand from the steel industry and thermal power plants can impact the demand side. The metallurgical coal market's future outlook is influenced by various factors, including technological advancements, environmental regulations, and geopolitical risks. Technological advancements like the Corex process, which uses natural gas instead of coal to produce direct-reduced iron (DRI), could reduce the demand for metallurgical coal in the steel industry. Environmental regulations aimed at reducing greenhouse gas emissions and air pollution could increase the cost of producing and using metallurgical coal. Geopolitical risks, such as supply disruptions from major coal-producing countries, could impact the availability and price of metallurgical coal. The metallurgical coal market's future also depends on the development and adoption of alternative energy sources and technologies. Renewable energy sources like wind, solar, and hydroelectric power are becoming increasingly cost-competitive with coal-fired power generation. Carbon capture, utilization, and storage (CCUS) technologies could help reduce the carbon footprint of the steel industry and thermal power plants. In conclusion, the metallurgical coal market is a complex and dynamic system influenced by various factors, including coal reserves, coal quality, steel industry demand, environmental regulations, and technological advancements. Understanding these factors is essential for stakeholders in the metallurgical coal market to make informed decisions and navigate the challenges and opportunities of this industry. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: SOURCE Technavio MENAFN17122024003732001241ID1109004916 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.6. Enjoy the Game: Sit back, relax, and savor every moment of the thrilling matches as some of the best football talent in the world competes for glory.PHILADELPHIA and PERTH, Australia , Dec. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, today announced that it has obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto previously announced on October 9 , 2024. "Today's vote of support by our shareholders confirms our shared belief that with Rio Tinto, we will be a stronger global leader in lithium chemicals production. Together, we enhance our capabilities to successfully develop and operate our assets while supporting the clean energy transition. We are confident that this transaction will provide future benefit to our customers, employees and the communities in which we operate, and I am excited by the path ahead," said Paul Graves , president and chief executive officer of Arcadium Lithium. The final voting results of Arcadium Lithium's special meetings will be filed with the Securities and Exchange Commission in a Form 8-K and will also be available at https://ir.arcadiumlithium.com . Regulatory Update As of this release, merger control clearance has been satisfied or waived in Australia , Canada , China , the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976). Additionally, investment screening approval has been satisfied in the United Kingdom . The proposed transaction is still expected to close in mid-2025, subject to the receipt of remaining regulatory approvals and other closing conditions. Arcadium Lithium Contacts Investors: Daniel Rosen +1 215 299 6208 daniel.rosen@arcadiumlithium.com Phoebe Lee +61 413 557 780 phoebe.lee@arcadiumlithium.com Media: Karen Vizental +54 9 114 414 4702 karen.vizental@arcadiumlithium.com About Arcadium Lithium Arcadium Lithium is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people's lives and accelerate the transition to a clean energy future. We collaborate with our customers to drive innovation and power a more sustainable world in which lithium enables exciting possibilities for renewable energy, electric transportation and modern life. Arcadium Lithium is vertically integrated, with industry-leading capabilities across lithium extraction processes, including hard-rock mining, conventional brine extraction and direct lithium extraction (DLE), and in lithium chemicals manufacturing for high performance applications. We have operations around the world, with facilities and projects in Argentina , Australia , Canada , China , Japan , the United Kingdom and the United States . For more information, please visit us at www.ArcadiumLithium.com . Important Information and Legal Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are forward-looking statements. In some cases, we have identified forward-looking statements by such words or phrases as "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words and phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for Arcadium Lithium based on currently available information. There are important factors that could cause Arcadium Lithium's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the completion of the transaction on anticipated terms and timing, including obtaining required regulatory approvals, and the satisfaction of other conditions to the completion of the transaction; potential litigation relating to the transaction that could be instituted by or against Arcadium Lithium or its affiliates, directors or officers, including the effects of any outcomes related thereto; the risk that disruptions from the transaction will harm Arcadium Lithium's business, including current plans and operations; the ability of Arcadium Lithium to retain and hire key personnel; potential adverse reactions or changes to business or governmental relationships resulting from the announcement or completion of the transaction; certain restrictions during the pendency of the transaction that may impact Arcadium Lithium's ability to pursue certain business opportunities or strategic transactions; significant transaction costs associated with the transaction; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction, including in circumstances requiring Arcadium Lithium to pay a termination fee or other expenses; competitive responses to the transaction; the supply and demand in the market for our products as well as pricing for lithium and high-performance lithium compounds; our ability to realize the anticipated benefits of the integration of the businesses of Livent and Allkem or of any future acquisitions; our ability to acquire or develop additional reserves that are economically viable; the existence, availability and profitability of mineral resources and mineral and ore reserves; the success of our production expansion efforts, research and development efforts and the development of our facilities; our ability to retain existing customers; the competition that we face in our business; the development and adoption of new battery technologies; additional funding or capital that may be required for our operations and expansion plans; political, financial and operational risks that our lithium extraction and production operations, particularly in Argentina , expose us to; physical and other risks that our operations and suppliers are subject to; our ability to satisfy customer qualification processes or customer or government quality standards; global economic conditions, including inflation, fluctuations in the price of energy and certain raw materials; the ability of our joint ventures, affiliated entities and contract manufacturers to operate according to their business plans and to fulfill their obligations; severe weather events and the effects of climate change; extensive and dynamic environmental and other laws and regulations; our ability to obtain and comply with required licenses, permits and other approvals; and other factors described under the caption entitled "Risk Factors" in Arcadium Lithium's 2023 Form 10-K filed with the SEC on February 29, 2024 , as well as Arcadium Lithium's other SEC filings and public communications. Although Arcadium Lithium believes the expectations reflected in the forward-looking statements are reasonable, Arcadium Lithium cannot guarantee future results, level of activity, performance or achievements. Moreover, neither Arcadium Lithium nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Arcadium Lithium is under no duty to update any of these forward-looking statements after the date of this news release to conform its prior statements to actual results or revised expectations . View original content to download multimedia: https://www.prnewswire.com/news-releases/arcadium-lithium-announces-shareholder-approval-of-proposed-rio-tinto-transaction-and-provides-regulatory-update-302338409.html SOURCE Arcadium Lithium PLCEducation reforms should reckon matters if connected to market by generating creative capital
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