Natural Resources
Republic of Georgia Selects Anaklia Development Consortium to Build a Deep Sea Port in Anaklia
Georgia’s Ministry of Economy & Sustainable Development today announced that the Anaklia Development Consortium LLC has been awarded the contract to build and develop a Deep Sea Port in Anaklia. The $2.5 billion project will establish a new maritime corridor between China and Europe, helping restore the historic Silk Road and stimulating national and regional economic growth.
Merck Honored by R&D Magazine for Innovation
16/12/2015 — DARMSTADT, Germany — (BUSINESS WIRE)
Merck, a leading science and technology company, today announced it has received two prestigious R&D Magazine 100 awards – one for its lab water purification systems, and the other for a technology that allows researchers to investigate scientific questions they previously couldn’t address. “Our researchers are relentlessly curious – aiming to provide the highest quality and most innovative products that solve the toughest problems in life science,” said Udit Batra, President and CEO of the life science business of Merck. “We will continue to drive future advancements within our expansive portfolio. I am most appreciative of our colleagues who have dedicated their careers to these efforts.”
Olenex to Become a Full-Function Joint Venture
Archer Daniels Midland Company (NYSE: ADM) and Wilmar International Limited (SGX: F34) announced today that they have entered into an agreement whereby Olenex, their partnership to market oils and fats in Europe, will become a full-function joint venture with its own assets. As part of the agreement, ADM will transfer two sites—a specialty oils and fats facility and a palm refining plant in Hamburg, Germany—to the new joint venture. Wilmar will transfer its tropical oils processing plants in Brake, Germany and Rotterdam, the Netherlands. In addition to processing, the joint venture will also integrate raw materials sourcing, trading, and sales and marketing operations. The agreement also stipulates that refined oils and fats from ADM’s other plants in the Czech Republic, Germany, the Netherlands, Poland and the U.K. will be marketed by Olenex.
US District Judge Dismisses Rio Tinto Case against BSG Resources
A US Southern District of New York Judge dismissed on all counts the RICO complaint made by Rio Tinto Plc (“Rio”) in August 2014 against BSG Resources (“BSGR”), Beny Steinmetz and other defendants including Brazilian mining company VALE SA.