Latest news with #Phase2
New Straits Times
2 days ago
- Business
- New Straits Times
Pause in toll rate increases a critical buffer for hauliers: AMH
KUALA LUMPUR: A pause in toll rate increases will be a critical buffer for Malaysia's freight forwarders against rising operational pressures, industry players said. The Association of Malaysian Hauliers (AMH) welcomed the government's decision to halt planned toll hikes on 10 major highways this year, describing it as a timely intervention for an industry already grappling with rising costs. Its executive secretary Mohamad Azuan Masud said the toll freeze gives hauliers some short-term relief and cost stability, as tolls are a major part of their operating expenses. "As an industry that moves over 90 per cent of Malaysia's containerised goods by road, hauliers have long operated under tight margins, further pressured by increasing costs for spare parts, maintenance, compliance and wages. "The freeze is a timely decision that allows transporters to plan operations more efficiently without unexpected toll adjustments mid-contract," he told Business Times. Prime Minister Datuk Seri Anwar Ibrahim today said the government had postponed scheduled toll hikes on 10 highways to maintain the current rates for the public. As a result, the government will bear costs exceeding RM500 million. The highways include rthe Senai-Desaru Expressway, East Coast Expressway Phase 2, South Klang Valley Expressway, Butterworth Outer Ring Road and KL-Putrajaya Expressway. Azuan, however, said hauliers remain cautious with regard to another key cost component: diesel fuel. He said while the government had so far maintained fuel subsidies for commercial vehicles, the association was concerned about the upcoming shift towards a more targeted and potentially stricter implementation. "While the intention to curb leakages is understandable, the administrative process for verifying eligibility and managing claims could become burdensome for transport companies already dealing with complex logistics and tight schedules," he added. Therefore, the association urged the government to ensure that any mechanism for diesel subsidy targeting be streamlined, efficient and designed with minimal disruption to operations. It also called for sufficient stakeholder engagement before implementation to avoid unintended consequences. Additionally, the association stressed the need for fair support for hauliers, who form the backbone of land logistics, to ensure that cost control efforts translate into supply chain stability. Azuan said the association sees the toll freeze as a positive first step, but emphasised that it should be part of a broader, long-term strategy to enhance the sustainability of Malaysia's logistics sector. "This includes targeted incentives, infrastructure upgrades and inclusive policymaking. AMH remains committed to supporting the government's efforts through constructive dialogue and continued collaboration," he added.
Economic Times
4 days ago
- Business
- Economic Times
JSW Steel shares in focus after Q1 profit more than doubles to Rs 2,209 crore. Should you invest?
Shares of JSW Steel will be in focus on Monday after the company reported a 2.2x year-on-year jump in consolidated net profit to Rs 2,209 crore for the June quarter, supported by higher sales volumes and lower costs. ADVERTISEMENT Steel sales volume rose 9% YoY to 6.69 million tonnes at the consolidated level, while sales in India stood at 6.43 million tonnes, up from 5.9 million tonnes a year ago. Revenue from operations remained flat at Rs 43,147 crore, while EBITDA surged 37% YoY to Rs 7,576 crore, led by higher volumes and lower coking coal costs. Total expenses declined to Rs 40,325 crore from Rs 41,715 crore last year. Ebitda margin for the quarter improved to 17.6%, up 473 basis points from the previous year. The company achieved an India Ebitda of Rs 11,658 per tonne, with an 18.5% margin. JSW Steel incurred capex of Rs 3,400 crore in Q1 and plans to spend Rs 20,000 crore for the full the company is pursuing a review petition in the Supreme Court after its acquisition of Bhushan Power & Steel was deemed illegal. "We, along with our legal advisors, believe we have strong grounds to pursue the review petition," the company said. ADVERTISEMENT Motilal Oswal has reiterated a 'Buy' rating on JSW Steel and raised its target price to Rs 1,200 from Rs 1,180. It said the operating performance was in line with expectations and highlighted healthy NSR, despite weak QoQ volume growth due to planned shutdowns at Dolvi and BPSL. Steel sales volumes rose 9% YoY but fell 11% stood at Rs 7,589 crore, up 38% YoY and 19% QoQ. Per-tonne Ebitda improved to Rs 11,324 in Q1FY26, a 26% YoY and 33% QoQ jump, beating the estimated Rs 10,440. Adjusted PAT stood at Rs 2,180 crore, up 159% YoY. Crude steel production rose 14% YoY to 7.26 million tonnes. ADVERTISEMENT The brokerage expects double-digit revenue growth in FY26–FY27 on the back of capacity expansion and price recovery. Ebitda margin is projected to rebound to 18–19% over the same period, aided by domestic price recovery and safeguard has maintained a 'Reduce' rating while raising its target price slightly to Rs 890 from Rs 880. It said Q1 was broadly in line but impacted by forex losses. CLSA added that Q2 guidance looks more positive but flagged project execution as a key monitorable. It remains cautious, citing underperformance amid stretched valuations. ADVERTISEMENT Is RIL's strong profit growth sustainable amid rising capital expenditure? Antique has maintained a 'Hold' rating on JSW Steel, raising the target price to Rs 942 from Rs 905. It expects domestic steel demand to remain resilient, supported by continued government capex and RBI rate cuts. FY26 should see further ramp-up of the JVML plant. Growth is also expected from BPSL's Phase 2 expansion and new iron ore mines in Karnataka and Goa. Antique has rolled over estimates to 1HFY28E, based on a 7.5x EV/EBITDA multiple. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
16-07-2025
- Business
- Yahoo
Ucore Launches US Department of Defense Funded $18.4 Million Commercial Rare Earth Refining Project
Ucore announces: Initiation of the USD$18.4 million DOD Phase 2 award for the scale-up of its Louisiana commercial rare earth refining complex. Successful separation of terbium and dysprosium - critical heavy rare earth elements ("HREEs") - further to its US DoD Phase 1 project, resulting in a payment in the amount of USD $1.1 million. An appreciation for recent DoD actions to diversify and secure domestic production, especially HREEs, which are tightly controlled by China. Halifax, Nova Scotia--(Newsfile Corp. - July 14, 2025) - Ucore Rare Metals Inc. (TSXV: UCU) (OTCQX: UURAF) ("Ucore" or the "Company") is pleased to announce that the Company and representatives of the US Department of Defense (the "Project Team") have completed their formal project kick off meeting with respect to the Company's previously announced USD$18.4 million Phase 2 Award (the "Phase 2 Award" or the "Award"). The Award facilitates the construction of the Company's first commercial scale RapidSXTM machine at its proposed Louisiana rare earth refining facility, which is focused on heavy rare earth elements (HREEs). The Phase 2 Award is in addition to the previously announced award in the amount of USD$4 million (the "Phase 1 Award"). The Phase 1 Award is a demonstration program to show the efficacy of the company's RapidSX™ proprietary processing in unlocking four primary rare earths required to produce rare earth permanent magnets - including highly sought after dysprosium. The Phase 2 Award is being administered as an increase to the Company's existing Phase 1 Agreement. HREEs are crucial to US national security due to their vital role in advanced military technologies. Essential components utilizing these materials include power precision-guided missiles, radar systems, and F-35 jet engines. Beyond defense, HREEs are critical for advanced technologies like electric vehicles, renewable energy, robotics, artificial intelligence and semiconductors. Ucore's strategic partnership with the DOD, in particular as it relates to HREEs, is designed to address potential vulnerabilities as China continues to restrict exports, and thus help ensure US technological leadership in geopolitically tense times. Phase 2 Award Update - Commercial Scale-Up During the kick-off meeting, the Project Team confirmed near-term milestones and deliverables which are currently under way, including: detailed design and engineering of commercial-scale RapidSX™ columns at the Company's Commercialization and Demonstration Facility in Kingston, Ontario (the "CDF"); Facility Engineering field work for the SMC in Alexandria, Louisiana. Work under the Award will culminate with the construction of one commercial-scale RapidSX™ machine within the SMC in Louisiana, including commissioning, demonstration, and achieving 'Early Production' readiness of salable individual rare-earth element ("REE") products. For further information with respect to the Phase 2 Award, please see Ucore press releases dated May 14, 2025 and June 2, 2025. "With Phase 2 of the Award fully mobilized we are now moving RapidSX™ from Commercial Demonstration scale toward Full Scale Production", said Mike Schrider, Chief Operating Officer of Ucore. "The DoD's continued support of our project and the rare earth sector at large will accelerate this process and help secure a North American rare earth supply chain." Figure 1: Borehole drilling being undertaken in Alexandria, LA, further to environmental, geometric, geotechnical, topographical, and utility assessments. To view an enhanced version of this graphic, please visit: Phase 1 Award Update - Commercial Demonstration The Company has completed the next significant DOD milestone by successfully separating terbium from dysprosium, the two critical HREEs used in permanent magnets. As such the company further reports that it has received payment from the DoD in the amount of USD$1,057,412 further to Phase 1 of the Company's DoD Award. These invoices bring total payments received with respect to the Phase 1 Award to USD$3,352,884. A total of USD$647,116 remains to be invoiced further to the Phase 1 Award. The Company expects to submit these invoices in the coming months following the completion of the associated milestones and reporting. The Phase 1 Award is being completed on a parallel path to the initiation of the Phase 2 Award. Lastly, Ucore acknowledges and supports the U.S. Department of Defense's broader strategic initiatives to strengthen the domestic rare earth element (REE) supply chain. Recent policy considerations, including pricing floors and offtake commitments represent critical mechanisms to enhance industry stability and investment confidence. These efforts, alongside direct project funding such as the Phase 2 Award, are instrumental in advancing a robust, North American-centric REE supply chain independent of Chinese control. # # # About Ucore Rare Metals Inc. Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry. Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term development of a heavy and light rare-earth processing facility in the US State of Louisiana, subsequent SMCs in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA ("Bokan"). Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF." For further information, please visit Forward-Looking Statements This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements. Regarding the disclosure in the press release above about the amended OT Agreement and the expected successful progress of the project and the resulting milestone payments from the DoD, the Company has assumed that the project (including each of its milestones and the Company's objectives in this regard) will be completed in a satisfactory manner and in a reasonable period of time within approximately the next two years. Regarding the disclosure in the press release above about the other forms of government support for Ucore, the Company has assumed that the applicable projects (including each of the associated milestones) will be completed satisfactorily and in accordance with the respective agreements or letters of intent (as applicable) for such government support. For additional risks and uncertainties regarding the Company, its business activities, its ability to qualify for and receive any additional funding from any U.S. or Canadian government, the CDF and the aforementioned projects (generally), see the risk disclosure in the Company's MD&A for Q1 2025 (filed on SEDAR+ on May 9, 2025) ( as well as the risks described below. Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future SMCs. Ucore has also assumed that sufficient external funding will be found to continue and complete the ongoing research and development work required at the CDF and also later prepare a new National Instrument 43-101 technical report that demonstrates that Bokan is feasible and economically viable for the production of both REE and co-product metals and the then-prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction and eventual commissioning and operations. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority (AIDEA) regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions. Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release. CONTACTS Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214. For additional information, please contact: Mark MacDonaldVice President, Investor RelationsUcore Rare Metals Inc.1.902.482.5214mark@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time Business News
12-07-2025
- Business
- Time Business News
Belair at The Trump Estates: Where Luxury Meets Prestige
Set within the heart of one of Dubai's most distinguished master communities, Belair at The Trump Estates Phase 2 – DAMAC Hills represents the next chapter in ultra-luxury living. It is where architectural grandeur, elevated lifestyle, and exclusivity converge to offer a residential experience tailored for those who desire the best of both privacy and prominence. This exceptional enclave is a testament to the evolving vision of DAMAC DUBAI, a developer renowned for redefining the benchmarks of luxury real estate across the globe. With every element curated to reflect timeless elegance and modern sophistication, Belair is not just a residence—it's a status. Within Belair at The Trump Estates Phase 2 – DAMAC Hills, homes are not just designed—they are crafted with the ambition to inspire. Each villa features stately facades, grand entrances, expansive layouts, and finishes that rival those found in the finest resorts. These residences are surrounded by lush, private gardens and offer panoramic views of the Trump International Golf Club Dubai, further reinforcing their appeal to those with refined tastes. The enclave is designed for those who expect more than luxury. Here, prestige isn't just perceived—it's built into every corner of your environment. The floor plans are generously proportioned, offering five to seven-bedroom villas with multiple levels, private terraces, pools, and entertainment zones. Interior spaces flow seamlessly from room to room, blending warm natural tones with contemporary textures. Every detail—from imported marble floors to custom cabinetry—exemplifies the commitment of DAMAC DUBAI to deliver properties that resonate with global elegance. Situated within the prestigious DAMAC Hills community, the second phase of Belair enjoys a strategic location that provides both seclusion and connectivity. Major roads link the development to Downtown Dubai, Dubai Marina, and international airports in minutes. Residents of Belair at The Trump Estates Phase 2 – DAMAC Hills enjoy access to everything from international schools and healthcare facilities to fine-dining establishments and wellness centers—all within minutes of their doorstep. At the heart of the Belair experience is access to the world-renowned Trump International Golf Club. With an 18-hole championship golf course designed by Gil Hanse, members and residents can enjoy exclusive clubhouse privileges, fine dining, and leisure spaces that rival the world's top-tier resorts. In addition to the golf course, the community features landscaped parks, jogging tracks, tennis courts, and open-air fitness areas. This is where physical well-being meets indulgence—supported by the infrastructure of a world-class master plan from DAMAC DUBAI. Inside the villas, features such as walk-in wardrobes, smart home integration, spa-style bathrooms, and gourmet kitchens come standard. Everything about the design reflects an understanding of the expectations of today's global elite. The attention to detail across every aspect—from lighting plans to landscaped pathways—ensures that Belair at The Trump Estates Phase 2 – DAMAC Hills is not just opulent but intentional in how it enhances everyday living. While luxury is key, so is peace of mind. The gated community offers 24/7 security, advanced surveillance, and concierge-style services that provide support without intrusion. Residents enjoy the freedom to live in tranquility while being minutes away from the city's vibrant social and economic pulse. DAMAC DUBAI brings a wealth of experience and insight from various global projects. A fitting comparison lies in DAMAC Chelsea Residence, a London-inspired development that blends modern design with European finesse. Though the cultural tone of the project differs, the underlying ethos is the same: a commitment to excellence and elevated living. Where DAMAC Chelsea Residence embodies cosmopolitan urban chic, Belair at The Trump Estates Phase 2 – DAMAC Hills brings this refinement into a suburban setting, surrounded by natural beauty and architectural harmony. Both demonstrate how DAMAC tailors luxury to match lifestyle preferences in distinct global settings. Dubai's luxury property market has consistently attracted investors from around the world, and Belair at The Trump Estates Phase 2 – DAMAC Hills stands as one of the most attractive opportunities. The project's exclusivity, prime location, and premium offerings make it a strong contender for capital appreciation and long-term rental income. Buyers aren't just investing in a villa; they're securing a stake in a globally admired brand, a master-planned community, and the luxury reputation of DAMAC DUBAI. The seamless process offered by DAMAC for international buyers—including property management services, resale support, and residency assistance—makes investing in this iconic development easier and more accessible. Whether as a primary residence, holiday home, or income-generating asset, the project offers versatility and prestige. What sets Belair at The Trump Estates Phase 2 – DAMAC Hills apart is not just its stunning architectural profile, but its role in reshaping lifestyle expectations. This isn't a static living space; it's a dynamic experience that evolves with its residents. Whether enjoying a quiet evening by a private pool or hosting lavish gatherings in expansive entertainment areas, the possibilities are endless. While exclusivity is paramount, the community is designed to foster social connection through thoughtfully curated events, shared spaces, and leisure activities. This rare balance of privacy and community spirit adds another layer to the holistic experience envisioned by DAMAC DUBAI. As with landmark developments like DAMAC Chelsea Residence, Belair aims to leave a lasting legacy. With Phase 2 continuing the legacy of prestige from its successful first phase, it reflects DAMAC's ongoing commitment to offering a lifestyle that surpasses trends and focuses on timeless appeal. In a market filled with promises, Belair at The Trump Estates Phase 2 – DAMAC Hills delivers a statement of presence, purpose, and perfection. With the architectural leadership of DAMAC DUBAI and inspiration drawn from world-class projects like DAMAC Chelsea Residence, this development offers more than a home—it offers a future of unparalleled elegance. TIME BUSINESS NEWS
Time Business News
09-07-2025
- Business
- Time Business News
DAMAC Morocco Phase 2 – Elegant Living with Premier Features in Dubai's Top Locations
Introduction: A Taste of Morocco in the Heart of Dubai Welcome to DAMAC Morocco Phase 2, a unique residential experience inspired by the vibrant culture, architecture, and lifestyle of North Africa. Developed by DAMAC Properties, this new phase of the Morocco cluster at DAMAC Lagoons offers a refreshing blend of tradition and modernity, set within one of Dubai's most innovative master communities. Combining elegant design with natural elements and luxurious features, this development is the perfect destination for those who seek charm, comfort, and cultural richness—all in one address. A Prime Location with Exceptional Connectivity Nestled within the larger DAMAC Lagoons project, DAMAC Morocco Phase 2 benefits from a strategic location near Hessa Street, offering direct access to key destinations such as Dubai Marina, Downtown Dubai, and Mall of the Emirates. Residents can enjoy the tranquility of resort-style living while remaining just minutes away from the city's business and lifestyle hubs. Location Highlights: 10 minutes from Dubai Studio City 20 minutes from Dubai Marina 25 minutes from Downtown Dubai and Business Bay Close to top international schools and healthcare facilities This combination of accessibility and serenity makes DAMAC Morocco Phase 2 ideal for families, professionals, and investors alike. Architecture with a Moroccan Soul The homes at DAMAC Morocco Phase 2 are designed with authentic Moroccan aesthetics in mind, featuring intricate geometric patterns, arched doorways, and elegant courtyards. Every detail pays homage to Moroccan artistry while incorporating modern living standards. Key Design Features: Earth-toned facades with carved accents Indoor-outdoor living spaces with shaded patios Spacious interiors with premium finishes Fully equipped kitchens with high-end appliances Large windows offering views of the lagoon and greenery With the craftsmanship and vision of DAMAC Properties, these homes offer a living experience that is both culturally rich and deeply luxurious. Unrivaled Amenities Inspired by Culture and Wellness What truly sets DAMAC Morocco Phase 2 apart is the immersive lifestyle it offers. Residents can enjoy a range of facilities designed to reflect Moroccan culture while promoting well-being, leisure, and community. Featured Amenities: Lagoon-inspired swimming pools and water features Hammam-inspired wellness zones and spas Moroccan tea pavilions and outdoor majlis areas Themed gardens and lush walking paths Kids' play areas, yoga zones, and outdoor fitness spaces Community center, cafes, and retail outlets These amenities transform daily life into a continuous celebration of beauty, balance, and cultural richness. A Family-Friendly Community Built for the Future DAMAC Morocco Phase 2 is not just a place to live—it's a place to grow. The development offers a safe, welcoming environment where families can thrive. With top-tier schools, parks, and recreational areas integrated into the master plan, it provides everything a modern family needs. At the same time, the architectural planning ensures privacy, open space, and green landscapes that encourage peace of mind and relaxation. Why Invest in DAMAC Morocco Phase 2 Dubai's real estate market continues to attract investors from around the globe, and DAMAC Morocco Phase 2 is a standout opportunity. Combining cultural appeal with high-end features and the reputation of DAMAC Properties, this development promises both emotional satisfaction and strong investment potential. Investment Advantages: Strong demand for themed residential communities Ideal for short-term and long-term rentals High appreciation value due to limited supply Backed by one of the most reputable developers in the region Attractive payment plans and flexible ownership options For buyers seeking more than just a property, this is a chance to own a lifestyle with purpose and personality. A New Chapter in Resort-Style Living Life at DAMAC Morocco Phase 2 goes beyond luxury—it's about meaningful living in a community inspired by beauty and tradition. Whether you're sipping tea in a shaded courtyard or taking a peaceful walk by the lagoon, every moment here is infused with calm and character. From thoughtfully designed homes to curated social spaces, this is where Moroccan elegance meets Dubai sophistication. Where Culture and Comfort Meet DAMAC Morocco Phase 2 offers a residential experience unlike any other in Dubai—an elegant lifestyle inspired by the richness of Moroccan culture, elevated by the standards of DAMAC Properties. This is a place where architectural charm, modern convenience, and natural beauty come together in perfect harmony. If you're searching for a home that combines identity, peace, and value, look no further than DAMAC Morocco Phase 2—your gateway to refined living in Dubai's most imaginative waterfront community. TIME BUSINESS NEWS
