JAMAICA Bauxite on growth path says Minister Henry

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#Jamaica, November 15, 2017 – Kingston – Minister of Transport and Mining, Hon. Mike Henry, says Jamaica’s bauxite and alumina industry is on a growth path, driven by the reopening of the Alpart plant in Nain, St. Elizabeth, by Jiuquan Iron and Steel Company (JISCO) Limited.The company has proposed to invest some US$3 billion over a three-year period in the upgrading of the 1.65-million-tonnes-per-annum plant, which opened in June.This will expand production capacity to two million tonnes per annum by the end of 2020, the Minister said.   He was addressing a press conference held at the Ministry’s Maxfield Avenue offices in Kingston on Tuesday (November 14) to provide an update on projects under his portfolio.Other aspects of the investment by JISCO include construction of a new US$500 million, 230-megawatt (MW) liquefied natural gas (LNG) power plant and a new aluminium foil/stainless steel plant; a new sheet plant; a new welding rod plant with other aluminium hydrate products.The project also includes redevelopment and expansion of Port Kaiser to accommodate mega ships, housing and support infrastructure for workers/investors as part of the special economic zones, and a greenhouse agricultural demonstration project to begin at the end of the second quarter of 2018.Meanwhile, the Mining Minister informed that in another few weeks, ground will be broken for the construction of a new 120MW LNG power plant at the Jamalco refinery in Clarendon.“This will improve efficiency, reduce operating costs and increase (the plant’s) profitability,” he said.He argued that the growth and development expected to come from the proposed investments in the alumina industry offer a unique opportunity to radically transform the economy of the south central section of the island and increase growth throughout the wider economy.“The forthcoming investments in the wider minerals sector, including metallic mineral exploration and the industrial minerals industry, will generate some 2,300 new direct and full-time jobs after the construction phase.   Additionally, over 22,000 new indirect jobs are to be created by the sector over the next three years. I am excited to see these come to fruition,” he said.Between 2014 and 2016, the mining and quarrying sector accounted for 50 per cent of the country’s domestic export earnings with the bauxite and alumina sub-sector responsible for 97 per cent of this amount.This averaged approximately US$663 million for that period. Only tourism generated more foreign earnings than this sector. Related Items:last_img read more

3 Things Entrepreneurs Can Learn From Successful Ecommerce Brands

first_img Opinions expressed by Entrepreneur contributors are their own. 4 min read Whether you run a brick-and-mortar business or are thinking of starting a digital-based company, there is much to learn from the success of large ecommerce firms around the world. No matter what the industry, online businesses have shaken up the way people buy and sell, communicate, share and learn in all corners of the globe.Related: 4 Fundamental Strategies for Launching a Successful Ecommerce StartupWhile there is no one single way to guarantee success, ecommerce companies provide a raft of insights into new ways of starting, operating and growing businesses that are built to last. Here are three:1. Turn constraints into innovation.Successful ecommerce companies worldwide know how to turn constraints into innovative ideas. In fact, getting creative in order to solve a problem is often the identifying factor that leads to success, as it opens up whole new markets or completely new ways of doing things.Companies like BuildDirect thrive because they’ve discovered ways to ship large and heavy items in a timely and cost-efficient manner. Netflix, too, disrupted the entertainment industry by swapping out physical products (DVDs and VHS cassettes) in favor of digital ones.For entrepreneurs, there are many benefits to addressing constraints creatively. Before you give up, when you’re faced with your next big business obstacle, spend some time instead looking at the problem in different ways to find an innovative solution ripe for the picking.2. Utilize dataSuccessful ecommerce businesses also spend plenty of time gathering, tracking and utilizing data to come up with new product ideas or service offerings. For instance, food subscription service NatureBox leverages big data to power its snack-recommendation engine to deliver customers products they will truly enjoy.Companies that collect customer information more easily identify effective ways to attract new customers, convince more shoppers to buy or entice clients to repurchase. No matter what type of business you run, it’s important to focus on metrics. The common saying “If you can’t measure it, you can’t improve it” is certainly true, and in this digital age is a key element to running a successful business long-term.There are a number of different indicators to keep a watch on. These include: average daily, monthly and yearly sales, cost per acquisition for each new customer, website and landing-page conversion rates, average order value, customer lifetime value, repeat purchase rate and average number of visits before a purchase is made.You can use all of this information to operate your business more effectively. For example, if you know your conversion rate is low, you can test out multiple strategies to increase it. Alternatively, if your cost of customer acquisition is prohibitively high, you can focus on lower-priced marketing techniques.Keep testing and measuring every element in your business over time and you will be able to radically improve your bottom line.Related: The 4 Elements of a Winning Ecommerce Ad Strategy3. Seek feedback.Another thing popular ecommerce brands do really well is seek feedback from their customers. This is a crucial business practice that all firms should employ, yet many either don’t, or fail to do it well. So, connect with clients on a regular basis to find out what is working well in your business, and where things could be improved. The best time to ask them is immediately after they complete a purchase.Customers who have already spent money with you are more likely to give their opinion because they are invested in helping your company succeed. In fact, many buyers actually love the idea of having a say in co-creating products or services with brands they admire.To gather customer feedback, send out email questionnaires, conduct quick surveys on your website, host polls on social media, call customers, send letters and so on. Questions might include:What is one specific thing we could be doing better?Was there anything in particular — positive or negative — that stood out from your experience shopping with us?What was it that ultimately made you decide to buy from us?What is the number one thing we should never stop doing?Would you recommend us to your friends and family members? If so, why? If not, why not?No matter what type of business or industry you are in, there are plenty of strategies you can emulate from ecommerce concerns in order to improve your own company’s operations and offerings.If you get stuck for ideas at any stage, seek inspiration from some of the biggest ecommerce brands around. Related: The 7 Mistakes Entrepreneurs Make When Launching an Ecommerce Startup Enroll Now for Free This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now January 22, 2016last_img read more

OpenSSL 30 will have significant changes in architecture will include FIPS module

first_imgOn 13th February, the OpenSSL team released a blog post outlining the changes that users can expect in the OpenSSL 3.0 architecture and plans for including a new FIPS module. Architecture changes in OpenSSL 3.0 ‘Providers’ will be introduced in this release which will be a possible replacement for the existing ENGINE interface to enable more flexibility for implementers. There will be three types of Providers: the “default” Provider will implement all of the most commonly used algorithms available in OpenSSL. The “legacy” Provider will implement legacy cryptographic algorithms and the “FIPS” Provider will implement FIPS validated algorithms. Existing engines will have to be recompiled to work normally and will be made available via both the old ENGINE APIs as well as a Provider compatibility layer. The architecture will include Core Services that will form the building blocks usable by applications and providers. Providers in the new architecture will implement cryptographic algorithms and supporting services. It will have implementations of one or more of the following: The cryptographic primitives (encrypt/decrypt/sign/hash etc)  for an algorithm Serialisation for an algorithm Store loader back ends A Provider may be entirely self-contained or it may use services provided by different providers or the Core Services. Protocol implementations, for instance TLS, DTLS. New EVP APIs will be provided in order to find the implementation of an algorithm in the   Core to be used for any given EVP call.  Implementation agnostic way will be used to pass information between the core library and the providers.  Legacy APIs that do not go via the EVP layer will be deprecated. The OpenSSL FIPS Cryptographic Module will be self-contained and implemented as a dynamically loaded provider. Other interfaces may also be transitioned to use the Core over time  A majority of existing well-behaved applications will just need to be recompiled. No deprecated APIs will be removed in this release You can head over to the draft documentation to know more about the features in the upgraded architecture. FIPS module in OpenSSL 3.0 The updated architecture incorporates the FIPS module into main line OpenSSL. The module is dynamically loadable and will no longer be a separate download and support periods will also be aligned. He module is a FIPS 140-2 validated cryptographic module that contains FIPS validated/approved cryptographic algorithms only. The FIPS module version number will be aligned with the main OpenSSL version number. New APIs will give applications greater flexibility in the selection of algorithm implementations. The FIPS Provider will implement a set of services that are FIPS validated and made available to the Core. This includes: POST: Power On Self Test KAT: Known Answer Tests Integrity Check Low Level Implementations Conceptual Component View of OpenSSL 3.0 Read the draft documentation to know more about the FIPS module in the upgraded architecture. Read Next Baidu Security Lab’s MesaLink, a cryptographic memory safe library alternative to OpenSSLOpenSSL 1.1.1 released with support for TLS 1.3, improved side channel securityTransformer-XL: A Google architecture with 80% longer dependency than RNNslast_img read more