Security Council okays plan to release Iraqi funds

The Security Council today endorsed the transfer of more than $220 million from the escrow account set up under the former United Nations arms inspection regime into accounts for the country’s development and the repayment of its UN arrears. In making the proposal earlier this week, Secretary-General Kofi Annan said that $200 million would be transferred to the Development Fund for Iraq from an account set up under the UN Monitoring, Verification and Inspection Commission for Iraq (UNMOVIC), which withdrew from the country on the eve of the United States-led invasion two years ago. A balance of $20,256,697, he said, would be credited against Iraq’s arrears in its contributions to the UN regular budget, peacekeeping operations and tribunal activities. read more


Morocco phosphates handling contract awarded to FLSmidth

first_imgFLSmidth has received an order worth approximately €90m from the Moroccan company, OCP Office Chérifien des Phosphates, to supply equipment for a phosphate terminal for the Jorf Lasfar port at the Atlantic coast, some 120 km south of the capital Casablanca. The scope of supply includes complete engineering, design, fabrication of all steel structures and mechanical parts, procurement of all standard components, erection and commissioning.The order comprises two sulphur shiploaders each with a capacity of 2,000 t / h, two fertiliser shiploaders also with a capacity of 2,000 t / h each, two sulphur screw unloaders with an hourly capacity of 2,300 t each and two sulphur grab unloaders each with a capacity of 1,500 t / h. All the equipment will be supplied complete with appertaining belt conveyors. FLSmidth will also supply miscellaneous auxiliary equipment such as electrical equipment, a fire fighting system and dust suppression equipment.“This order demonstrates our increasingly strong position as a preferred provider of material handling equipment to the minerals industries. It also confirms the great opportunities within the phosphate industry, which is not cyclical”, said FLSmidth CEO, Jørgen Huno Rasmussen.last_img read more