Deadly Dubai bus accident Omani driver sentenced to seven years jail

first_imgDubai: The Omani bus driver, who rammed the vehicle into a height barrier in Dubai that killed 17 people, including 12 Indians, has been sentenced to seven years in jail followed by deportation and ordered to pay USD 925,000 as blood money, according to media reports. Twelve Indians were among the 17 people killed in the horrific bus accident on June 7 when the bus, coming from Oman, wrongly entered a road not designated for buses and crashed into a height barrier that cut the left side of the bus and killed passengers sitting on that side. Also Read – Imran Khan arrives in China, to meet Prez Xi JinpingThe other deceased include two Pakistanis, one Omani and one Filipina. According to The Gulf News, the Dubai Traffic Court has ordered that the 53-year-old bus driver be deported after his jail term is over and in addition he should pay USD 13,000 (dirham 50,000) fine. He will also have to pay USD 925,00 (dirham 3.4 million) in blood money for the families of the victims and his licence was also suspended for one year, the report said. After the court pronounced its judgement, families of the crash victims said that the “justice is served,” the Khaleej Times reported. Also Read – US blacklists 28 Chinese entities over abuses in XinjiangMany families are glad that the judgement came so fast. “We think the judgement is fair, and we expected it. We are happy that it came so fast. We predicted it would take a few more months. Now, we can start the procedural work,” one of the relatives said. “The family is back home in Thalasherry, Kerala. We’re still unclear on what to do next, but I think the logical next step is to be appointing a lawyer to help us get the amount. They are in extreme financial distress, and this amount would really help,” he was quoted as saying by the report. On June 6, the Muscat-to-Dubai Mwasalat bus service struck an overhead height barrier at 94 km/h at the turn off from Mohammad Bin Zayed Road leading onto Rashidiya Road, where it was due to make a scheduled stop at Rashidiya Metro. According to the Traffic Prosecution, the speed limit on that road is 40 km/h. The driver took a wrong left turn not designated for buses which led to the height restriction, instead of going right, the authorities said.last_img read more

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Xstrata buys Billitons Tintaya

first_imgMany showed interest, including Rio Tinto, Southern Copper, Phelps Dodge and even Milpo. However, it is Xstrata that has acquired the Tintaya mine and associated satellite deposits in Peru from BHP Billiton. The acquisition price of $750 million comprises an initial cash consideration of $634 million and the assumption of $116 million of debt. An agreed price participation arrangement may result in further deferred cash payments to BHP Billiton and will be based on prevailing copper prices upon completion of the transaction. At current prices these payments would total approximately $60 million.Two further conditional deferred payments of US$25 million each in cash may also be payable to BHP Billiton. The first such amount will be payable in July 2009 if the LME copper price exceeds certain levels from July 2008 to June 2009. The second amount will be payable if either of the Antapaccay or Coroccohuayco satellite deposits are developed prior to 2020. The aggregate consideration payable by Xstrata is subject to a cap.The acquisition will expand Xstrata Copper’s current production portfolio with an additional 120,000 t/y of copper in cathode and concentrate. The company also says “Tintaya will also provide [it] with a unique opportunity to strengthen the [its] strategic position in southern Peru.” Together with Xstrata Copper’s existing copper business in Argentina (Minera Alumbrera which is managed and 50% owned by Xstrata), Tintaya will consolidate Xstrata’s position as a significant Latin American copper producer. Xstrata is also working on Las Bambas, a deposit lying at an elevation of 4,000-4,650 m in an isolated spot in southern Peru’s Apurimac department, one of the country’s poorest areas. Here it expects to “substantially” increase the initial resource above a recently published indicated and inferred resource of 300 Mt grading 1.1% Cu, plus molybdenum and gold values. Xstrata is engaged in the completion of a feasibility study of the project within a six year period, and has budgeted $24 million for Las Bambas in 2006. Xstrata Copper Chief Executive Charlie Sartain said the Tintaya acquisition was an important step in the execution of the business unit’s growth strategy. “One of our strategic objectives is to become a recognised leader in the copper industry. Profitable growth through acquisitions such as this will continue our rapid progress towards that objective,” he said. “Latin America will be a key part of this growth. Our current focus is on developing a significant operating division in southern Peru and continuing to extend our operations in Argentina based around the Alumbrera copper-gold mine.”Mr Sartain also emphasised Xstrata Copper’s commitment to the agreements that BHP Billiton has in place with the communities surrounding Tintaya. “We have a strong track record in working in partnership with local communities for mutual benefit in the remote locations where we operate. In relation to Tintaya we will continue to honour the commitments previously made to local communities and look forward to working together with local stakeholders through the formal dialogue processes that have been established.”It is expected that the Tintaya transaction will be completed within the next two months.last_img read more

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