Latest news with #Kone
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Business Standard
3 days ago
- Business
- Business Standard
Lift code may hike prices 2-5%, urging states to adopt soon: Kone India MD
Amit Gossain says price hike due to new BIS elevator safety code is minimal and manageable; Kone already upgrading all products and sees rising demand in tier-2 cities Deepak Patel Himanshi Bhardwaj New Delhi Listen to This Article With 15 states and one Union Territory already adopting the lift safety code issued by the Bureau of Indian Standards (BIS) ahead of its December deadline, the remaining states should implement it without delay. While the code may lead to a 2–5 per cent price increase, it is minimal and absorbable by customers, said Amit Gossain, Managing Director of Kone Elevator India, in an interview with Business Standard. The BIS introduced this new code—IS 17900 Part 1 and Part 2—in 2022. It replaces earlier standards such as IS 14665 and IS 15785 and aligns India's elevator safety framework with global
Canada News.Net
7 days ago
- Business
- Canada News.Net
Mali refuses to free detained staff of Canadian company Reuters
Four local executives of Barrick have been held since their arrest in November on suspicion of financial crimes A court in Mali has rejected a request for the conditional release of four employees of Barrick Mining Corporation, who have been detained since 2024 on accusations of money laundering and financing terrorism. The decision was announced on Tuesday by the company's lawyer, Alifa Habib Kone, according to Reuters. The Canadian mining giant has dismissed the allegations as baseless and filed an appeal challenging what it described as the employees' "arbitrary" detention. However, Kone said Judge Samba Sarr deemed the petition "unfounded." Barrick, one of the world's largest gold producers, has operated in Mali for nearly three decades, but relations have deteriorated amid a dispute over alleged unpaid taxes and royalties. Tensions escalated in November when four local executives were detained and a warrant was issued for CEO Mark Bristow. Recent negotiations broke down after the Malian authorities demanded a lump-sum payment of 125 billion CFA francs ($197 million) in unpaid revenues, while Barrick proposed a structured payment plan instead. Last month, Mali's military-led government temporarilystrippedBarrick of control over operations at the Loulo-Gounkoto gold complex in the country's west. A court in Bamako ordered that management of the site be transferred to a state-appointed provisional administrator for a six-month period. Barrick denounced the ruling as illegal and a breach of its contractual agreements, and has filed a case against Mali with the World Bank's arbitration tribunal. According to Bloomberg, the authorities in the Sahel state seized around a ton of gold from the mine earlier this month, which the provisional administration is expected to sell to fund the site's operations. The Loulo-Gounkoto mines are 80% owned by Barrick and 20% by the Malian government. In 2023, the former French colony introduced a new mining code allowing the state to claim up to a 30% stake in new projects, as part of efforts to boost public revenues. In June, Mali's economy and finance minister, Alousseni Sanou, stated that a newagreementwith Russia's Yadran Group to establish a gold refinery - 62% owned by the state - would help increase national income from bullion production.
Canada News.Net
7 days ago
- Business
- Canada News.Net
Mali refuses to free detained staff of Canadian company
Four local executives of Barrick have been held since their arrest in November on suspicion of financial crimes A court in Mali has rejected a request for the conditional release of four employees of Barrick Mining Corporation, who have been detained since 2024 on accusations of money laundering and financing terrorism. The decision was announced on Tuesday by the company's lawyer, Alifa Habib Kone, according to Reuters. The Canadian mining giant has dismissed the allegations as baseless and filed an appeal challenging what it described as the employees' "arbitrary" detention. However, Kone said Judge Samba Sarr deemed the petition "unfounded." Barrick, one of the world's largest gold producers, has operated in Mali for nearly three decades, but relations have deteriorated amid a dispute over alleged unpaid taxes and royalties. Tensions escalated in November when four local executives were detained and a warrant was issued for CEO Mark Bristow. Recent negotiations broke down after the Malian authorities demanded a lump-sum payment of 125 billion CFA francs ($197 million) in unpaid revenues, while Barrick proposed a structured payment plan instead. Last month, Mali's military-led government temporarily stripped Barrick of control over operations at the Loulo-Gounkoto gold complex in the country's west. A court in Bamako ordered that management of the site be transferred to a state-appointed provisional administrator for a six-month period. Barrick denounced the ruling as illegal and a breach of its contractual agreements, and has filed a case against Mali with the World Bank's arbitration tribunal. According to Bloomberg, the authorities in the Sahel state seized around a ton of gold from the mine earlier this month, which the provisional administration is expected to sell to fund the site's operations. The Loulo-Gounkoto mines are 80% owned by Barrick and 20% by the Malian government. In 2023, the former French colony introduced a new mining code allowing the state to claim up to a 30% stake in new projects, as part of efforts to boost public revenues. In June, Mali's economy and finance minister, Alousseni Sanou, stated that a new agreement with Russia's Yadran Group to establish a gold refinery - 62% owned by the state - would help increase national income from bullion production.
South Wales Argus
19-07-2025
- Sport
- South Wales Argus
Kone elated after Italy's thrilling win over Wales
Hooker Chiara Cheli produced a stand-out performance – bagging herself a second-half hattrick which included the match-winning try - during an absorbing encounter in which Italy took the lead four times in Caerphilly. It was a game that neither team deserved to lose, but ultimately Italy made sure they were on the right side of the result despite Wales scoring four tries of their own. The results from the final day of #U6NSummerSeries action 🤩 — Six Nations Under-20s (@SixNationsU20) July 17, 2025 It caps a pleasing turnaround for Italy who lost to France 46-5 in their opening game before falling 36-20 to England on matchday 2 having led that match 15-0 at half time. And full-back Kone was full of praise for her team's resolve during their final battle with the competition's hosts. She said: 'We are feeling pretty awesome right now. It was a tough game, but we kept on going and we believed in our team until the last minute. We're pretty proud of what we've done during this whole experience.' Italy's physical prowess has been their strength throughout the Women's Summer Series and Cheli was able to score all of her tries from close range off the back of good work by her fellow forwards. But Kone admitted Wales didn't make things easy for her side. 'It was a very tough game as Wales played pretty well, but we're very excited and happy with the result,' she continued. 'Absolutely [it was a physical game]. The Wales players are really tough, pretty big, but our defence was pretty thick, and we kept on going. I'm very proud of my teammates.' This has been the second incarnation of the Women's Summer Series, a tournament designed to give U20s players the opportunity to play more competitive rugby to help with their development, something which Kone thinks has helped her side over the past two weeks. She added: 'Absolutely [this gives us confidence going forward]. From this match we've grown a lot. We started [the tournament] against France and then the English, we've come a long way, and we've enjoyed it.' Discover the future of international rugby at the 2025 Women's Summer Series – where rising stars shine. Follow the action live at and on Instagram @u20sixnations.
Glasgow Times
18-07-2025
- Sport
- Glasgow Times
Kone elated after Italy's thrilling win over Wales
Hooker Chiara Cheli produced a stand-out performance – bagging herself a second-half hattrick which included the match-winning try - during an absorbing encounter in which Italy took the lead four times in Caerphilly. It was a game that neither team deserved to lose, but ultimately Italy made sure they were on the right side of the result despite Wales scoring four tries of their own. The results from the final day of #U6NSummerSeries action 🤩 — Six Nations Under-20s (@SixNationsU20) July 17, 2025 It caps a pleasing turnaround for Italy who lost to France 46-5 in their opening game before falling 36-20 to England on matchday 2 having led that match 15-0 at half time. And full-back Kone was full of praise for her team's resolve during their final battle with the competition's hosts. She said: 'We are feeling pretty awesome right now. It was a tough game, but we kept on going and we believed in our team until the last minute. We're pretty proud of what we've done during this whole experience.' Italy's physical prowess has been their strength throughout the Women's Summer Series and Cheli was able to score all of her tries from close range off the back of good work by her fellow forwards. But Kone admitted Wales didn't make things easy for her side. 'It was a very tough game as Wales played pretty well, but we're very excited and happy with the result,' she continued. 'Absolutely [it was a physical game]. The Wales players are really tough, pretty big, but our defence was pretty thick, and we kept on going. I'm very proud of my teammates.' This has been the second incarnation of the Women's Summer Series, a tournament designed to give U20s players the opportunity to play more competitive rugby to help with their development, something which Kone thinks has helped her side over the past two weeks. She added: 'Absolutely [this gives us confidence going forward]. From this match we've grown a lot. We started [the tournament] against France and then the English, we've come a long way, and we've enjoyed it.' Discover the future of international rugby at the 2025 Women's Summer Series – where rising stars shine. Follow the action live at and on Instagram @u20sixnations.
