India tells Lanka Navy not to attack fishermen

The submissions were made in a counter affidavit filed on behalf of the Ministry and the Indian High Commissioner in Sri Lanka in reply to a habeas corpus petition (HCP) filed to produce three Rameswaram fishermen who had been missing since August 25 last year. Deputy Secretary K.M.P. Sharma had filed the affidavit stating that the three fishermen were not in the custody of the Sri Lankan authorities and hence neither the Ministry nor the High Commissioner could be made accountable with respect to their production in court. The Indian Ministry of External Affairs has informed a Madras High Court Bench that it has impressed upon the Sri Lankan Navy to act with restraint, not to fire on Indian fishermen and to treat the fishermen in a humane manner, The Hindu newspaper reportedIt also said: “During India-Sri Lanka bilateral meetings, including those at the highest levels, India has reiterated its position that the use of force could not be justified under any circumstances and that all fishermen should be treated in a humane manner.” Pointing out that the fishermen had gone missing while fishing near Delft Island on the Sri Lankan side of the International Maritime Boundary Line (IMBL), Sharma said that the Sri Lankan Navy could not trace them despite carrying out an extensive search and rescue operation.He also said that the names of the three fishermen J. Wilson, J. Daniel and L. Essron did not find place in the list of Indian fishermen who had been detained by the Sri Lankan Navy on charges such as crossing the IMBL. (Colombo Gazette) read more

Is a joint venture the path to success

first_imgNew light has been shone on the pathway to success for mineral exploration ventures in Australia. Researchers from QUT’s Australian Centre for Entrepreneurship Research (ACE) investigated more than 1,000 joint ventures in the Australian mining industry to uncover why some succeed and others fail.They found mining firms that bring new partners in to exploration projects increase the risk of termination – even if the new partner has deep pockets.The results showed stability was the key to successful projects, providing valuable security in an industry affected by changing regulations and wider economic factors.The research was sponsored by the Queensland Exploration Council (QEC) and the Australian Research Council.Lead researcher Dr Rene Bakker said, surprisingly, bringing on new partners to joint venture mining projects sometimes increased the risk of a project being terminated. “It is not always beneficial for smaller firms to bring on board a new partner, even one with deep pockets,” he said. “A new partner can upset the status quo, disrupting the balance of power and making the project more likely to fail.“Joint ventures can be a great resource for mining firms if executed correctly. But, as one mining executive said, you have to be very careful who you get into bed with.However with significant challenges facing the mineral exploration sector, Bakker said joint ventures would continue to feature prominently. “New discoveries are becoming harder and more costly and joint ventures can help fill in gaps in specialised knowledge and financial resources,” he said.“Challenges for investors include the upfront cost of capital investment, difficulty of discovery processes, increased lead time to advance deposits and increased global competition.“We found successful projects were stable and this stability was maintained by factors including choosing projects widely, coming into the project with confidence, clearly defined needs at each site and patience and stamina to cope with the long lead times and high costs.Chair of the QEC Geoff Dickie said patience and stamina were required by investors, given the long lead times and high costs. “Joint venture partners need to be able to take a long-term view even in the face of a highly volatile market.“This research gives explorers valuable insights into setting up and maintaining successful ventures.”Picture courtesy of Azumah Resources, from its operations in Ghana. Azumah is a Perth-based, ASX-listed company focused on exploring and developing its Wa gold project in the Upper West Region of Ghana. Three main deposits have been discovered and extensively drilled out at Kunche and Bepkong, adjacent to the Black Volta River and Ghana’s border with Burkina Faso, and at Julie ~80 km to the east.  Several satellite deposits, including Aduane and Collette, have also been delineatedlast_img read more