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Aneesh Kodali selected for North Carolina Tennis Association Award

Aneesh Kodali will receive a 2010 Spirit Award by North Carolina Tennis Association . This award is given annually to a volunteer or a staff member who exemplifies extraordinary spirit and dedication toward growing the game of tennis in North Carolina. Kodali has organized and run tennis camps for children who might not otherwise get the opportunity to play tennis. He began Kids-for-Kids tennis camps in Wake County in 2008 offering free lessons, a tennis racket and a can of balls to all who registered. He expanded the camps in 2009, and registered more than 150 students.

Nava Bharat Singapore Acquires 65% Stake In Maamba Collieries

Hyderabad: Nava Bharat (Singapore) Pte Ltd (Ashok Devineni, chairman), a subsidiary of Nava Bharat Ventures Ltd, has signed a share sale and purchase agreement (SPA) with the Zambian government through the minister of finance and Zambia Consolidated Copper Mines Investments Holding Plc (ZCCM-IH) for acquiring 65% stake in Maamba Collieries Ltd (MCL). The acquisition entails that the initial cost of acquisition of about $26 million (approximately Rs 121.68 crore) by Nava Bharat be paid upon completion. ZCCM Investments Holdings Plc (ZCCM-IH) is a Zambia-based investments holdings company. The majority of the company’s investments are held in the copper mining sector of Zambia. In January 2008, the government of Zambia transferred its 100% stake in MCL to ZCCM-IH. As a result, ZCCM-IH controls the Maamba coal mine, which supplies coal to Mopani copper mines and Konkola copper mines in Zambia. The acquisition was made pursuant to the selection of Nava Bharat against a global tender issu...

Middle East Coal to invest $1.4 bn in Indonesia

MUMBAI: It could soon become a model to emulate for companies wanting to export minerals from Indoa. Singapore-based, India-oriented Middle East Coal (Madhu Koneru Vice Chairman) , which owns coal mines in Indonesia, will invest $1.4 bn (about Rs 5,600 crore) in the SouthEast Asian country, as part of its deal, to mine coal and ship it to Indian power producers. Middle East Coal has assured the Indonesian government to spend a fifth of the coal it mines in Indonesia itself, besides building infrastructure, in return for shipping coal from its mines in the Kalimantan province that are estimated to hold reserves of more than 2 billion tonnes. This development may be closely watched by India for adopting to its iron ore policy — India has abundant reserves of the ore, while Indonesia is rich in coal — as the Indian government is currently in a bind on the issue of ore exports. While homegrown steel companies such as Tata Steel, SAIL, JSW Steel have been vociferous in limiting iron ore sh...

Katta Subramanya Naidu turns actor

Karnataka Information Technology and Biotechnology Minister Katta Subramanya Naidu will be seen on the silver screen for the first time in cameraman-turned-director Ashok Kashyap’s 'Lift Kodla', a remake of Telugu super hit 'Mee Shreyobhilashi'. Subramanya Naidu plays the Home Minister in Lift Kodla. He agreed to do the role at the behest of his friend Jaggesh, the hero of the movie. "It is my friend Jaggesh who insisted that I do this role. I agreed and all the shooting was completed within hours. I’m now eager to see the film. I hope I won’t prove to be a bad actor," the minister told reporters in Bangalore.