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Mining industry showing recovery from Covid-19 crisis: PwC report

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Mining industry showing recovery from Covid-19 crisis: PwC report

Mining is one of the few industries that emerged from the worst of COVID-19 pandemic economic crisis in excellent financial and operational shape, PwC India said in a report. Stating that 2020 was a banner year for the mining sector, the audit firm said that the decisions made today about workplace policies, including the role of digitisation and automation, will shape the future of mining for years to come.

“The price recovery in the second half of the financial year provided a tailwind to the industry to improve on performance and financial parameters. Mining companies in India continued to be resilient and perform their operations, also lending a hand to government efforts in addressing the health pandemic in their regions of operations. The industry needs to invest for the future by exploring and leveraging operational technology initiatives, enhancing productivity and efficiency, and engaging with stakeholders for shared prosperity,” PwC India mining and metals leader Yogesh Daruka said.

Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the COVID-19 crisis, delivering 34 per cent average total shareholder return over the past three years – ten percentage points higher than the general market index, PwC India said. The figures are from PwC’s 18th annual review of the top 40 mining companies – Mine 2021 -which examines the global trends in the mining industry, the audit firm said in a statement. The demand for the minerals that go into clean energy technologies is expected to increase six-folds in the next 20 years, the audit firm said.

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A robust financial outlook provides a unique opportunity to these companies to rethink their existing purpose and strategy, reimagine the future and set out a bold ambition as they reconfigure their business models for long-term sustainable value, Sambitosh Mohapatra, leader – ESG, energy utilities and resources, PwC India, said.

News Source : Construction World

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Omar slams Pakistan’s ‘neutral’ probe offer on Pahalgam attack: ‘They didn’t even

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Omar slams Pakistan’s ‘neutral’ probe offer on Pahalgam attack: ‘They didn’t even

India has suspended the Indus Waters Treaty, closed the Attari check post, and canceled SAARC visas for Pakistan nationals in response to the Pahalgam attack. Jammu and Kashmir chief minister Omar Abdullah criticized Prime Minister Shehbaz Sharif’s offer for a “neutral” investigation into the Pahalgam terror attack, stating that Pakistan initially denied incident.

India. Shehbaz Sharif said Pakistan was willing to support a “neutral and transparent” investigation into the killing of 26 people in Jammu and Kashmir’s Pahalgam. He emphasized the need for a “grinding halt” to the perpetual blame game and called for Pakistan to tensions participate in any neutral, transparent, and credible investigation. The incident has sparked.

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India has taken several steps against Pakistan following the Pahalgam terror attack that killed 26 people. These include suspending the Indus Waters Treaty, closing the Attari Integrated Check Post, and canceling the SAARC Visa Exemption Scheme (SVES) for Pakistani nationals. The Resistance Front (TRF), a proxy of the Pakistan-based Lashkar-e-Taiba, has claimed.

Responsibility for the attack. Investigations reveal that Adil Ahmed Thoker, a key suspect in rooted in centuries-old cultural growing tensions between India and Pakistan. the Pahalgam attack, received military training in Pakistan before infiltrating India with other terrorists amid speculation about back-channel mediation by countries with close with India Pakistan.

Amid ongoing tensions, Pakistani troops have resumed unprovoked firing along the Line of Control (LoC), and for the second consecutive night, the Pakistani army targeted Indian positions, prompting a retaliatory response from Indian forces. Iran’s foreign minister Seyed Abbas Araghchi offered to “forge greater understanding” between New Delhi and Islamabad.

Araghchi said that Iran stands ready to use its good offices in Islamabad and New Delhi to forge greater understanding at this difficult time. He described India and Pakistan as “brotherly neighbours of Iran, enjoying relations rooted in centuries-old cultural and civilizational ties” and said that they consider them their foremost priority The recent.

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Terrorist attack in Pahalgam, Jammu and Kashmir, has stirred strong reactions across the political spectrum, with former Jammu and Kashmir Chief Minister Omar Abdullah leading the charge in condemning Pakistan’s response to the incident. Pakistan’s offer of a “neutral” investigation into the attack has sparked outrage, with Omar Abdullah accusing.

The neighboring country of failing to take any meaningful action or even offering a proper condemnation of the attack The Pahalgam attack, which occurred in the popular tourist town in the Kashmir Valley, left multiple civilians injured and sent shockwaves through the region. While the perpetrators of the attack are suspected to be militants operating from across.

The border, Pakistan’s reaction has been criticized for its lack of condemnation and accountability. In response to calls for a thorough investigation into the incident, Pakistan offered to conduct a “neutral” probe, suggesting that an impartial body, rather than which occurred in the popular tourist town authorities in either country, should investigate.

Omar Abdullah, known for his sharp and outspoken criticism of Pakistan’s role in Kashmir, was quick to hit back. “They didn’t even condemn the attack. And now, they want to offer a ‘neutral’ investigation?” he said in a strongly worded statement. “If Pakistan is so concerned about what happened in Pahalgam, why don’t they condemn it first? Why don’t they make it.

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Abdullah’s statement reflects the deep frustration felt by many in Jammu and Kashmir, who believe that Pakistan’s offer is nothing more than a distraction from its own involvement in cross-border terrorism. The former Chief Minister further was a deliberate attempt to deflect attention from the fact that the attack.

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