Ghaziabad: As the elections are over now, the Ghaziabad Development Authority (GDA) has once again initiated a massive demolition drive against illegal constructions and have started razing illegally built shops and unauthorised colonies in various parts of the District.V K Singh, Officer on Special Duty (OSD), GDA told Millennium Post that the demolition drive is being undertaken against unauthorised constructions which are built without getting a map approval with lack of construction quality. Also Read – Cylinder blast kills mother and daughter in Karawal Nagar”Since past few years, we have been working on razing illegal constructions in the district which are also risking the life of people living in them. In past two days, the authority teams have destroyed 9 shops, and two other illegal constructions, thus freeing over a thousand square meters of land from these unauthorised constructions. The authority had issued several notices to them in past and the actions were initiated after obtaining the DO (demolition orders). We will ensure that similar drives will be carried out in other parts of the district as well,” said Singh. Also Read – Two persons arrested for killing manager of Muthoot FinanceOn Monday, the authority carried out a massive demolition drive in zone-1 in Noor Nagar village and Raj Nagar extension area of Ghaziabad. The authority teams demolished 9 illegally built shops in front of Classic Residency in Raj Nagar extension area while the team also removed encroachments from Bandha Road and other link roads after several complaints were received against them. Similarly in Zone-II, the authority team carried out a drive in Asalat Nagar in Modinagar area of Ghaziabad on Tuesday and razed an illegal construction built on nearly a thousand square meter of land. The drive was carried out in presence of senior authority and police officials.
The average value for the Canadian dollar on Tuesday was 79.67 cents US, up 0.15 of a cent from Monday.The U.S. dollar was at C$1.2552, down 0.23 of a cent.Pound sterling was at C$1.6102, down 1.20 cents, and US$1.2828, down 0.72 of a cent.The Euro was at C$1.4760, down 0.84 of a cent.Quotations provided by the Bank of Canada.
LOM Average AISC 2$440/oz$571/oz US$CDN$ Minera Alamos announces the positive results of an independent PEA for its La Fortuna project in Durango, Mexico. The PEA was prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) by CSA Global Geosciences Canada. Unless stated all currency references are in US dollars.“With an after-tax Internal Rate of Return in excess of 90%, today’s excellent PEA results confirm that La Fortuna provides a robust base for the next phase of gold production in the company’s growth pipeline,” commented Darren Koningen, Chief Executive Officer. “The simplified gold recovery process outlined in the study represents a conservative starting point that is well suited to the initial project resource which, to date, has been based exclusively on previously drilled mineralization. As our engineering work progresses we continue to find opportunities to reduce the initial project capital requirements and improve overall project economics. Coupled with our strategic partnership with Osisko Gold Royalties that includes an option to provide a significant portion of the project capital requirements in return for a project royalty, these additional optimizations will greatly reduce the upfront funding requirements of this already low capital cost operation.”“This PEA represents a key milestone for the company as we begin to deliver to the market’s attention the underlying project economics of our development pipeline that focuses on cost-efficient and targeted production that can incrementally build a significant production profile over time,” commented Doug Ramshaw, President. “With the recently submitted commercial permit applications at the Santana project and ongoing work at the company’s Guadalupe de los Reyes project we are aggressively expanding our activities on multiple fronts. We continue to envision a plan whereby targeted production from the development of the Santana project will support the modest capital requirements of the La Fortuna operation.” Pre-Tax IRR122%122% Gold Price$1,250/oz Mill Throughput (avg. tpd)1,100 Mill Grade & Recovery3.68 g/t Au (90% recovery) After-Tax Payback Period11 months Silver Price$16/oz Pre-Tax NPV (7.5%)$103,800,000$134,800,000 After-Tax NPV (7.5%)$69,800,000$90,600,000 Mine Life5 years Average Annual Production43,000 oz Gold, 220,000 oz Silver, 1,000 t Copper (50koz GEO1) Pre-Tax Payback Period9 months After-Tax IRR93%93% Preproduction Capital$26,900,000$34,900,000 Copper Price$5,725/tonne FX Rate (CDN$/US$)0.77 read more
THE TAOISEACH HAS dismissed speculation that he could be appointed the new president of the European Commission.Enda Kenny had ruled himself out of the running months ago, but was put back into the frame following moves by UK Prime Minister to block Luxembourgian politician Jean-Claude Juncker from taking up the role.Downing Street sources have said that Cameron will force fellow EU leaders to vote on who should head the bloc’s executive body if they try to impose Juncker.Cameron feels the former Luxembourgian Prime Minister will not heed the backlash voters inflicted in last month’s European Parliament elections, but instead press on regardless with Brussels business as usual.Speaking on RTÉ’s The Meaning of Life, Enda Kenny said that he could not envisage a scenario where Juncker was not elected President.Juncker is a member of the European People’s Party, as are Kenny and German chancellor Angela Merkel.I expect he will be appointed President … I’ve a job to do here and I’m happy and privileged to do that job as Taoiseach.Also during the interview, which will air on RTÉ 1 at 10 pm today, Gay Byrne asked Kenny about meeting his wife Fionnuala and his religious upbringing.Kenny said that his family didn’t say the rosary every day, but did attend mass every Sunday.“It was a house where we went to mass every Sunday, either in the local church or in Castlebar. I observed all the religious occasions, but it certainly wasn’t by any means extreme.”Cloyne ReportByrne also asked Kenny about his emotional speech in the Dáil in 2011 following the publication of the Cloyne Report into how church authorities dealt with allegations of abuse in the Cork diocese.The Taoiseach said he became emotional as he was aware of the fact that ”things could have been so different and things should have been so different.”He added that American senators and congressmen had told him:You know something, I wish to God I had the courage to say what you said.Related: Cameron move to force vote could open the door for Kenny to take EU President roleWatch: One year on: What’s happened since Enda Kenny’s landmark Cloyne speech?Watch: Here’s a taster of Gay Byrne’s interview with Enda Kenny tonight read more