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Gold bars smuggled from Lanka to India seized

The team intercepted the car and questioned the occupants, Karthikeyan and Sheik Fareed, who admitted to having concealed the smuggled gold bars. Officials of the Directorate of Revenue Intelligence (DRI), Chennai zonal unit, seized 15.2 kg of gold bars that were smuggled from Sri Lanka and arrested two persons transporting them in a car near the Papanadu village in the Thanjavur district in Tiruchi on Wednesday.Acting on a tip-off that gold bars were being brought by boat from Sri Lanka to Muthupet coastal area for transportation to Chennai by car, a team of DRI officers positioned themselves on the Pattukottai–Thanjavur National Highway near Papanadu village in the early hours on Wednesday. The officers recovered 12 packets containing gold bars hidden below the back seat of the vehicle. There were 80 foreign marked gold bars and 24 pieces of crude gold bars, totally weighing 15.2 kg estimated at Rs. 4.1 crore. (Courtesy The Hindu) read more

Technology implementation vital for success in Saudi mining sector

first_imgTechnology and its appropriate implementation are essential to achieving the desired gains in resource utilisation, operational efficiency, safety, and security in Saudi Arabia’s mining and minerals sector, according to Dr Peter Stegmaier, Executive Vice President, Strategic Business Development at Hexagon Mining, who is speaking at the at Saudi Mining and Minerals 2015 conference in Riyadh this week, representing Atheeb Intergraph Saudi Company (AISC). He  recommends computerising the complete mining lifecycle, from exploration to rehabilitation on all levels, to facilitate more efficient resource utilisation, safety, environmental protection and the transfer of the latest proven technologies and know-how into the Kingdom of Saudi Arabia.“Equally important, Saudi Arabia needs to work with partners who have international mining experience and a core focus on mining and are teamed with a strong Saudi team mate for in Kingdom support such as AISC. Decision makers within the government have to ensure a clear integration path for all data generated in the mines for consistency and efficiency. With these in place, Saudi Arabia can benefit tremendously from the transfer of technology and knowledge that will help develop its mining and minerals sector,” adds Dr Stegmaier.Other leading mining and technology gurus will be at the conference to share their expertise on the very latest technologies and innovations in the global mining and minerals sector at a special technology panel to be participated in by Emad Al-Saadawi, Director, Exploration Technical Services, Ma’aden (KSA); Mark Campodonic, Principal Resource Geologist & Head of Geology, SRK Consulting Ltd (UK); and Graham Clow, PEng, Chairman, Principal Mining Engineer, RPA Inc (Canada). In addition, more than 50 exhibitors from 10 different countries will also be showcasing the latest technologies and products related to mining and minerals exploration.The Saudi Mining and Minerals show is being held for the first time, “to help plot the Kingdom’s path to become a major global player in the industry.” His Excellency Ali Al-Naimi, Saudi Arabia’s Minister of Petroleum and Mineral Resources, will deliver the keynote address and will be joined by important decision-makers and thought leaders, such as Dr Zohair A Nawab, President, Saudi Geological Survey (SGS); Sultan bin Jamal Shawli, Deputy Minister for Mineral Resources; and Khalid Al-Mudaifer, President and Chief Executive, Saudi Arabian Mining Company (Ma’aden).Among those who have committed to support the show is the Al Raddadi Group, a leading supplier of silica sands based in Saudi Arabia, which considers its participation in Saudi Mining and Minerals as part of its corporate social responsibility strategy as well as an opportunity to increase its brand awareness in the local and international market. “Silica sands have a large number of industrial uses depending on their characteristics. Al Raddadi factory as a key player in the mining industry supply chain, contributes to the Kingdom’s economy by serving many industries, including the mining and minerals sector,” says Maha Al Yamani, Business Development Manager.The Saudi Mining and Minerals Symposium 2015, jointly organised by MEED Events and Montgomery Star, is supported by Saudi’s Ministry of Petroleum and Mineral Resources and the National Industrial Cluster Development Programme; as well as Ma’aden, Atheeb Intergraph Saudi Company, Outotec, Ali Salem Al Raddadi Factory, Saudi Specialty Chemical Ind Co Ltd, ThyssenKrupp, SRK Consulting, Roscoe Postle Associates, Inc and The Saudi British Bank.last_img read more