Mine blast survivor Daniel Rockhouse, centre, hugs family members after their briefing with police and company officials.
Mine blast survivor Daniel Rockhouse, centre, hugs family members after their briefing with police and company officials.

Trapped New Zealand miners 'could be still alive' say experts



GREYMOUTH // The 29 workers trapped after a coal-mine disaster in New Zealand could have survived by sealing themselves off from toxic gases, experts said today, but they warned that rescuers must hurry to get them out.

New Zealand's prime minister, John Key, said there was "every chance" the men could be alive, having been trapped in the Pike River coal mine since Friday, but as families waited anxiously the mood at the site was grim.

Queensland University's David Cliff, who has worked in mine safety for almost 20 years, said the men could be sitting in an air pocket but it would be a race against time to bring them to the surface.

"The general rule with a coal mine is the faster the better," he told AFP, warning about the build-up of poisonous gases. "You have got to get out of there in a hurry."

Efforts to reach the miners have been thwarted by high levels of methane and carbon monoxide, and fears of a second blast, preventing frustrated rescuers from entering the shaft.

Mr Cliff said: "If they were in a refuge of some sort, if they have a supply of air, they might last a long time - we should not give up on that sort of hope.

"If they have been lucky and they are in the area of the mine which is relatively unaffected by the explosion, then they could have barricaded themselves in."

This would involve putting a cloth or other material up to isolate the area from the harmful gases. Another possibility was that the men had grouped at an outlet for the compressed air pipes which run through the mine.

But Mr Cliff said in stark contrast to the miraculous recovery of 33 miners trapped for almost 10 weeks in a mine in Chile, there is no guarantee than those at Pike River have access to breathable air, since the mine's ventilation system had stopped and methane was seeping out of the coal.

The mine, dug into a hillside, is accessed by a horizontal, 2.5-kilometre tunnel, while a large ventilation shaft brings fresh air from the surface about 150 metres above.

Pike River's chief executive, Peter Whittall, would not speculate on what conditions the men could be surviving in, but said air would be the priority.

"It would certainly be quite hot and stuffy because there's not a lot of ventilation down there," he told reporters.

Each man would have been carrying a breathing device which could generate oxygen for 20 to 60 minutes, and there were some of these stored underground.

But Daniel Rockhouse, 24, who survived the blast and stumbled to the surface in an agonising two-hour trek, has told of dragging an unconscious fellow miner to a "fresh air station" only to find it was flooded with poison gas because its door had been left open, while its only phone was not working.

"I said, 'you've got to be bloody kidding me!' I screamed and kicked the wooden seats," Mr Rockhouse said, He revived the man with compressed air and then helped him out of the smoke-filled mine shaft.

A Wellington-based mining consultant, Dave Feickert, said it was obvious the two survivors were extremely lucky. He said people needed to remain hopeful but warned that "the history of these things is usually pretty grim".

Ron Land, chairman of Coal Services Australia, which has sent 10 technical experts to Pike River to help the rescue, agreed hopes were fading.

"The length of time now, it's 72 hours since the incident, you are always hopeful but with the passing of each hour the chances of survivors is lessening," he told AFP.

But Professor Bruce Hebblewhite, head of engineering at the University of New South Wales in Sydney, said there were too many unknowns to dismiss their survival chances.

He said a major concern was whether a coal fire was still burning underground, creating poisonous fumes and risking setting off another blast.

One option could be waiting for the fire to burn itself out, he said.

"It could be a long time - you can't put a handle on it. It could be a major ongoing problem," Professor Hebblewhite said.

Mr Cliff said in the past, mine blasts have been followed by another explosion, for example at Australia's Moura No 2 coal mine in 1994, when a secondary blast sealed the fate of 11 trapped miners.

"There was an explosion on the Sunday night, and then 36 hours later just before rescue teams were getting ready to go in, there was a second explosion," he said.

AFP

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality