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Category: Middle East

  • MIL-OSI: Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Three Months Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEL-AVIV, Israel, May 30, 2025 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and USA, today reported the publication in Israel of financial statements as of and for the three months ended March 31, 2025 of Dorad Energy Ltd. (“Dorad”), in which Ellomay currently indirectly holds approximately 9.4% through its indirect 50% ownership of Ellomay Luzon Energy Infrastructures Ltd. (formerly U. Dori Energy Infrastructures Ltd.) (“Ellomay Luzon Energy”).

    On May 29, 2025, Amos Luzon Entrepreneurship and Energy Group Ltd. (the “Luzon Group”), an Israeli public company that currently holds the remaining 50% of Ellomay Luzon Energy, which, in turn, holds 18.75% of Dorad, published its quarterly report in Israel based on the requirements of the Israeli Securities Law, 1968. Based on applicable regulatory requirements, the quarterly report of the Luzon Group includes the financial statements of Dorad for the same period.

    The financial statements of Dorad as of and for the three months ended March 31, 2025 were prepared in accordance with International Financial Reporting Standards. Ellomay will include its indirect share of these results (through its holdings in Ellomay Luzon Energy) in its financial results for this period. In an effort to provide Ellomay’s shareholders with access to Dorad’s financial results (which were published in Hebrew), Ellomay hereby provides a convenience translation to English of Dorad’s financial results.

    Dorad Financial Highlights

    • Dorad’s revenues for the three months ended March 31, 2025 – approximately NIS 610.6 million.
    • Dorad’s operating profit for the three months ended March 31, 2025 – approximately NIS 76.9 million.

    Based on the information provided by Dorad, the demand for electricity by Dorad’s customers is seasonal and is affected by, inter alia, the climate prevailing in that season. The months of the year are split into three seasons as follows: summer – June-September; winter – December-February; and intermediate (spring and autumn) – March-May and October-November. There is a higher demand for electricity during the winter and summer seasons, and the average electricity consumption is higher in these seasons than in the intermediate seasons and is even characterized by peak demands due to extreme climate conditions of heat or cold. In addition, Dorad’s revenues are affected by the change in load and time tariffs – TAOZ (an electricity tariff that varies across seasons and across the day in accordance with demand hour clusters), as, on average, TAOZ tariffs are higher in the summer season than in the intermediate and winter seasons. Therefore, the results presented for the quarter ended March 31, 2025, which include winter months of January and February and the intermediate month of March, are not indicative of full year results. In addition, due to various reasons, including the effects of the increase in the Israeli CPI impacting interest payments by Dorad on its credit facility, the results included herein may not be indicative of first quarter results in the future or comparable to first quarter results in the past.

    A convenience translation of the financial results for Dorad as of and for the year ended December 31, 2024 and as of and for each of the three-month periods ended March 31, 2025 and 2024 is included at the end of this press release. Ellomay does not undertake to separately report Dorad’s financial results in a press release in the future. Neither Ellomay nor its independent public accountants have reviewed or consulted with the Luzon Group, Ellomay Luzon Energy or Dorad with respect to the financial results included in this press release.

    About Ellomay Capital Ltd.
    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.
    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and approximately 38 MW of operating solar power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • Solar projects in Italy with an aggregate capacity of 294 MW that have reached “ready to build” status; and
    • Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are placed in service and in process of connection to the grid and additional 22 MW are under construction.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements.  The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities and political and economic conditions generally in Israel, regulatory changes, the decisions of the Israeli Electricity Authority, changes in demand, technical and other disruptions in the operations of the power plant operated by Dorad, competition, changes in the supply and prices of resources required for the operation of the Dorad’s facilities and in the price of oil and electricity, changes in the Israeli CPI, changes in interest rates, seasonality, failure to obtain financing for the expansion of Dorad and other risks applicable to projects under development and construction, and other risks applicable to projects under development and construction, in addition to other risks and uncertainties associated with the Company’s and Dorad’s business that are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com  

     
    Dorad Energy Ltd.

    Interim Condensed Statements of Financial Position

    March 31

    March 31

    December 31

    2025

    2024

    2024

    (Unaudited)

    (Unaudited)

    (Audited)

    NIS thousands

    NIS thousands

    NIS thousands

    Current assets

    Cash and cash equivalents

    1,030,373

    399,596

    846,565

    Trade receivables and accrued income

    247,812

    181,182

    185,625

    Other receivables

    26,929

    13,850

    32,400

    Financial derivatives

    803

    –

    –

    Total current assets

    1,305,917

    594,628

    1,064,590

    Non-current assets

    Restricted deposit

    541,855

    514,770

    531,569

    Long-term Prepaid expenses

    79,666

    29,548

    79,739

    Fixed assets

    2,678,973

    3,065,103

    2,697,592

    Intangible assets

    10,215

    7,573

    9,688

    Right of use assets

    53,332

    54,544

    54,199

    Total non-current assets

    3,364,041

    3,671,538

    3,372,787

    Total assets

    4,669,958

    4,266,166

    4,437,377

    Current liabilities

    Current maturities of loans from banks

    347,509

    329,137

    321,805

    Current maturities of lease liabilities

    4,991

    4,787

    4,887

    Current tax liabilities

    24,119

    –

    14,016

    Trade payables

    297,164

    158,545

    168,637

    Other payables

    14,865

    19,897

    14,971

    Financial derivatives

    –

    1,125

    –

    Total current liabilities

    688,648

    513,491

    524,316

    Non-current liabilities

    Loans from banks

    1,756,777

    2,001,668

    1,750,457

    Other long-term liabilities

    60,872

    11,562

    60,987

    Long-term lease liabilities

    47,198

    48,007

    46,809

    Provision for dismantling and restoration

    37,212

    38,013

    38,102

    Deferred tax liabilities

    405,837

    297,691

    399,282

    Liabilities for employee benefits, net

    160

    160

    160

    Total non-current liabilities

    2,308,056

    2,397,101

    2,295,797

    Equity

    Share capital

    11

    11

    11

    Share premium

    642,199

    642,199

    642,199

    Capital reserve from activities with shareholders

    3,748

    3,748

    3,748

    Retained earnings

    1,027,296

    709,616

    971,306

    Total equity

    1,673,254

    1,355,574

    1,617,264

    Total liabilities and equity

    4,669,958

    4,266,166

    4,437,377

    Dorad Energy Ltd.

    Interim Condensed Statements of Profit or Loss

     

    		  

    For the three months ended

    Year ended
       

    March 31

    December 31
       

    2025

    		  

    2024

    		  

    2024
       

    (Unaudited)

    		  

    (Unaudited)

    		  

    (Audited)
       

    NIS thousands

    		  

    NIS thousands

    		  

    NIS thousands

    Revenues

    610,554

     610,882 

     2,863,770 

     

     

     

     

    Operating costs of the Power Plant

     

     

     
     

     

     

     

    Energy costs

    105,220

     131,084 

     574,572 

     

     

     

    Electricity purchase and
    infrastructure services

    325,315

     263,191 

     1,372,618 

    Depreciation and
    amortization

    51,418

    55,514 

    106,266 

    Other operating costs

    		  

    43,475

    		  

     42,469 

    		  

     190,027 
     

     

     

     

    Total operating costs of Power Plant

    		  

    525,428

    		  

     492,258 

    		  

     2,243,483 
     

     

     

     

     

     

     

     

    Profit from operating the Power Plant

    85,126

     118,624 

     620,287 
     

     

     

     

    General and administrative expenses

    8,186

     9,874 

     23,929 

    Other income

    		  

    –

    		  

     – 

    		  

     58 
     

     

     

     

    Operating profit

    76,940

     108,750 

     596,416 

     

     

     

     

    Financing income

    28,452

     12,879 

     184,939 

    Financing expenses

    		  

    32,743

    		  

     36,396 

    		  

     193,825 

     

     

     

     

    Financing expenses, net

    		  

    4,291

    		  

     23,517 

    		  

     8,886 

     

     

     

     

    Profit before taxes on income

    72,649

     85,233 

     587,530 

     

     

     

     

    Taxes on income

    		  

    16,659

    		  

     19,596 

    		  

     135,203 

     

     

     

     

    Net profit for the period

    		  

    55,990

    		  

     65,637 

    		  

     452,327
    Dorad Energy Ltd.
    Interim Condensed Statements of Changes in Shareholders’ Equity
          Capital reserve      
          for activities      
      Share
    		   Share     with   Retained      
      capital
    		   premium     shareholders   earnings     Total Equity
      NIS thousands
    		   NIS thousands     NIS thousands   NIS thousands     NIS thousands
    For the three months                
     ended March 31, 2025            
     (Unaudited)                
                 
    Balance as at                
     January 1, 2025 (Audited) 11   642,199     3,748   971,306     1,617,264  
                     
    Net profit for the period – 
    		    –       –    55,990     55,990  
                     
    Balance as at 
     March 31, 2025 (Unaudited)    		  11
    		    642,199      3,748   1,027,296     1,673,254  
                 
    For the three months                
     ended March 31, 2024                
     (Unaudited)            
                 
    Balance as at            
     January 1, 2024 (Audited) 11   642,199     3,748   643,979   1,289,937  
                 
    Net profit for the period –    –      –    65,637   65,637  
                 
    Balance as at            
     March 31, 2024 (Unaudited) 11   642,199     3,748   709,616   1,355,574  
                 
    For the year ended            
     December 31, 2024 (Audited)            
                 
    Balance as at            
     January 1, 2024 (Audited) 11   642,199     3,748   643,979   1,289,937  
                 
    Dividend distributed –    –      –    (125,000 ) (125,000 )
    Net profit for the year –    –      –    452,327   452,327  
                 
    Balance as at            
     December 31, 2024 (Audited) 11   642,199     3,748   971,306   1,617,264  
     
    Dorad Energy Ltd.
    Interim Condensed Statements of Cash Flows
        For the three months ended Year ended  
        March 31
    		   December 31  
        2025   2024   2024  
        (Unaudited)   (Unaudited)   (Audited)  
        NIS thousands   NIS thousands   NIS thousands  
    Cash flows from operating activities:        
    Net Profit for the period 55,990    65,637    452,327  
           
    Adjustments:      
    Depreciation and amortization      
    and fuel consumption 53,036    59,379    121,664  
    Taxes on income 16,659    19,596     135,203  
    Financing expenses, net 4,291    23,517    8,886  
      73,986    102,492    265,753  
           
    Change in trade receivables (62,187 )  30,684    26,241  
    Change in other receivables 5,471   (4,493 ) (20,951 )
    Change in trade payables 116,677   (8,906 ) (10,361 )
    Change in other payables (106 )  5,954   (3,481 )
    Change in other long-term liabilities 315   (1,381 ) (3,661 )
      60,170    21,858   (12,213 )
           
    Net cash from operating activities 190,146    189,987    705,867  
           
    Cash flows from investing activities:      
    Proceeds (used in) for settlement of financial derivatives, net 289   (1,395 )  1,548  
    Decrease in long-term restricted deposits –    17,500    17,500  
    Investment in fixed assets (34,249 ) (17,069 ) (44,132 )
    Proceeds from arbitration –    –     337,905  
    Proceeds from insurance for damages to fixed assets –    2,737    5,148  
    Investment in intangible assets (1,115 ) (412 ) (4,054 )
    Interest received 14,847    9,577    42,221  
           
    Net cash from )used in) investing activities (20,228 )  10,918    356,136  
           
    Cash flows from financing activities:      
    Repayment of lease liability –    (100 ) (4,984 )
    Repayment of loans from banks –     –    (284,570 )
    Dividends paid –    (17,500 ) (142,500 )
    Interest paid (190 ) (196 ) (129,957 )
    Proceeds from arbitration –    –     127,195  
           
    Net cash used in financing activities (190 ) (17,796 ) (434,816 )
           
    Net increase in cash and cash equivalents 169,728    183,109    627,187  
           
    Effect of exchange rate fluctuations      
    on cash and cash equivalents 14,080   (2,759 )  132  
    Cash and cash equivalents at      
    beginning of period 846,565    219,246    219,246  
    Cash and cash equivalents at end      
    of period 1,030,373   399,596    846,565   
           
    (a) Significant non-cash activity        
    Liability for gas agreements 432   –    56,208  

    The MIL Network –

  • MIL-OSI Global: From working class pubs to sold-out stadiums: how darts has become a major international sport

    Source: The Conversation – Global Perspectives – By Joshua McLeod, Senior Lecturer in Sport Management, Deakin University

    Few sports have witnessed a transformation as dramatic as darts in recent years.

    From its origins as a pub game stereotypically played with cigarette and beer in hand, darts is now serious business.

    With surging television ratings and huge demand for live events, the growth of darts continues to leave many sports looking on in envy.

    There has been a combination of factors at play – not least one exceptionally prodigious teenager. Before discussing those factors, it’s worth taking a closer look at the numbers.

    Becoming big business

    Darts sits alongside a select few sports to have achieved significant commercial growth over the past decade.

    While not at the scale of sports such as the Ultimate Fighting Championship (UFC) and Formula 1, the rise of darts has been prolific.

    In the United Kingdom, a record-breaking peak of 3.7 million viewers watched the 2024 Professional Darts Corporation (PDC) World Championship final. It was Sky Sports’ highest-ever non-soccer broadcast.

    In addition to the PDC World Championship – the sport’s premier knockout event – viewership records were also broken across the 2024 Premier League Darts season, a league-format competition featuring weekly fixtures between top-ranked players.

    On the UK’s Sky Sports, the 15 most-watched nights in the competition’s history all occurred that year.

    The PDC World Championship and Premier League Darts sit alongside the World Matchplay as the “Triple Crown” of most important darts events.

    Outside the UK, darts viewership also continues to grow.

    The Netherlands remains a strong and expanding heartland, while in Germany, viewership for the World Championship final has increased eightfold since 2008.

    In Australia, precise viewing figures are not widely available, but the Foxtel Group’s landmark four-year deal with the PDC in 2023 suggests rising demand.

    Surging audiences are translating into significantly larger broadcast deals.

    In 2025, Sky Sports reportedly outbid Netflix to secure a new £125 million (A$260.3 million) deal for exclusive UK coverage of the PDC for 2026–30. That was double the size of the previous deal.

    In contrast, many other sports face stagnation or even sharp declines in media rights value.

    For instance, the UK Super League rugby’s rights on Sky Sports fell from £40 million (A$83.3 million) per season in 2021 to £21.5 million (A$44.5 million) in 2024.

    Similarly, in soccer, the French Ligue 1’s TV deal with DAZN collapsed due to underwhelming subscriber numbers. Meanwhile, ESPN walked away from its long-standing agreement with Major League Baseball after unsuccessfully trying to cut its US$550 million (A$848 million) annual payment down to $200 million (A$309 million).

    Prize money in darts has also exploded.

    Next year, the winner of the two-week long World Championship will bank £1 million (A$2.08 million) – doubling this year’s purse.

    The prize money was £60,000 (A$124,960) in 2005, representing a 1,567% increase over 20 years.

    Tickets are also hot property. Premier League and World Championship sessions often sell out within minutes worldwide: the UK, Bahrain, New York and even Wollongong have become key stops in darts’ international calendar.

    The recipe for success

    Like Formula 1 and the UFC, darts benefits from being privately operated.

    Without the typical bureaucracy and conflicting interests seen in many traditional sport governing bodies, the PDC can respond more quickly to audience preferences and market opportunities.

    This streamlined, commercially driven approach has been key to darts’ growth.

    The sport has been expertly tailored to modern audiences.

    One of darts’ best-known selling points is the live event experience. The entertainment-first approach is known for loud music, the showmanship of player walk-ons, fancy dress from the crowd and yes, often plenty of alcohol.

    The lines are blurred between sport and party and fans love it.

    Culturally, darts is seen by many as fun, relatable, and rooted in working-class culture. After all, its heritage is in the pub.

    Darts is ideally suited to modern sport media consumption habits: PLD matches last only 20–30 minutes and the up-close TV product works perfectly for social media highlight clips.

    It is also one of the few sports where women compete directly against men.

    This adds another layer of interest for fans and has helped elevate stars such as Fallon Sherrock, who made headlines in 2019 by becoming the first woman to win a match at the PDC World Championship, eventually reaching the final 32.

    A prodigy emerges

    The so-called “Littler Effect” has given darts’ profile a significant boost.

    The emergence of talented teenager Luke Littler has broken new ground for the sport and drawn global interest.

    The English prodigy, who has quickly risen to fame, is by far the sport’s biggest star, but it would be unfair to say darts is a one-man band.

    Luke Humphries and Michael van Gerwen enjoy significant profiles while Phil Taylor is regarded as the sport’s greatest player. Australia’s Simon “The Wizard” Whitlock also forged a successful career.

    There is also colourful two-time world champion Peter Wright.

    Where to from here?

    The success of darts reveals much about modern sports audiences and their preferences.

    Darts does not rely on traditional ideas of athletic excellence, nor does it fit the Olympic ideal.

    Yet, darts is thriving while many traditional sports are stagnating.

    Darts’ success stems from remaining authentic to its working-class roots while evolving into an engaging commercial product suited for television, short-form content and digital media.

    For darts to fully achieve its global potential, the next step has to be continued international growth. Although it has grown steadily in markets like Australia and throughout Asia, the UK remains darts’ dominant base.

    As the global sports marketplace becomes more fragmented and competitive, darts is well positioned to continue growing.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. From working class pubs to sold-out stadiums: how darts has become a major international sport – https://theconversation.com/from-working-class-pubs-to-sold-out-stadiums-how-darts-has-become-a-major-international-sport-254807

    MIL OSI – Global Reports –

  • France may toughen stance on Israel if it continues blocking Gaza aid, Macron says

    Source: Government of India

    Source: Government of India (4)

    France could harden its position on Israel if it continues to block humanitarian aid to Gaza, French President Emmanuel Macron said on Friday, reiterating that Paris was committed to a two-state solution to resolve the Israel-Palestinian conflict.

    “The humanitarian blockade is creating a situation that is untenable on the ground,” Macron said at a joint press conference in Singapore with Prime Minister Lawrence Wong.

    “And so, if there is no response that meets the humanitarian situation in the coming hours and days, obviously, we will have to toughen our collective position,” Macron said, adding that France may consider applying sanctions against Israeli settlers.

    “But I still hope that the government of Israel will change its stance and that we will finally have a humanitarian response”.

    Israeli Prime Minister Benjamin Netanyahu’s government has hit back at growing international pressure over the war in Gaza, the deadliest fighting in decades of conflict between Israel and the Palestinians.

    Macron was in Singapore on a state visit and he will also deliver the keynote address at the Shangri-La Dialogue, Asia’s premier security forum, which runs this year from May 30-June 1.

    Deep differences between Palestinian militant group Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Under growing international pressure, Israel partially ended an 11-week long aid blockade on Gaza 10 days ago. It has allowed a limited amount of relief to be delivered via two avenues – the United Nations or the U.S.-backed Gaza Humanitarian Foundation.

    The French president said Paris is committed to working towards a political solution and reiterated his support for a two-state solution to the Israel-Palestinian conflict.

    Macron is leaning towards recognising a Palestinian state, diplomats and experts say, a move that could infuriate Israel and deepen Western splits.

    French officials are weighing up the move ahead of a United Nations conference, which France and Saudi Arabia are co-hosting between June 17-20, to lay out the parameters for a roadmap to a Palestinian state, while ensuring Israel’s security.

    Israel launched its campaign in Gaza in response to a Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The war since then has killed around 54,000 Palestinians, Palestinian health authorities say, more than in any other of the countless rounds of fighting between the two sides.

    (Reuters)

  • MIL-OSI Russia: Financial news: 05/30/2025 will be held the deposit auction Moscow Regional Guarantee Fund (2)

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MOEX.K.MO/N90661

    Categories24-7, Mil-SOSI, Moscow, Moscow Stock Exchange, Russian Economy, Russian Federal, Russian Language, Russian economy

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    Parameters
    Date of the deposit auction 05/30/2025
    Placement currency Rub
    Maximum amount of funds placed (in placement currency) 100,000,000.00
    Placement period, days 31
    Date of deposit 05/30/2025
    Refund date 06/30/2025
    Minimum placement interest rate, % per annum 20.25
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 100,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 14:00 to 14:15
    Applications in competition mode from 14:15 to 14:25
    Setting a cut-off percentage or declaring the auction invalid until 14:45
       
    Additional terms Interest payment at the end of the term

    MIL OSI Russia News –

  • MIL-OSI Russia: Mikhail Mishutin held a meeting on the situation in the coal industry

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    M. Mishustin: “This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power, and housing and utilities. It also participates in solving social problems.”

    Opening remarks by Mikhail Mishustin:

    Good afternoon, dear colleagues!

    Opening remarks by Mikhail Mishustin at a meeting on the situation in the coal industry

    11 hours ago

    Today we will discuss the situation in the coal industry. This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power and housing and utilities. It also participates in solving social problems.

    In this area, Russia is one of the three largest exporters. This means that incentives are being created for the development of transport infrastructure, primarily railways. The main sales markets here are China, India, Turkey and Korea, as well as other countries in Southeast Asia and Africa.

    On the instructions of the President, the Government has implemented a number of measures to support the industry. In particular, an agreement was concluded between Russian Railways and the Kemerovo Region on the guaranteed export of significant volumes of coal in the eastern direction. The share of innovative rolling stock has been increased. Rates for wagon operators and for transshipment in ports have been reduced. An end-to-end transportation technology has been introduced, which has made it possible to reduce delivery time from Kuzbass to southern ports by almost half, which significantly reduces companies’ transportation costs.

    Participants of the meeting

    List of participants of the meeting on the situation in the coal industry

    The federal budget financed measures to restructure the coal industry. The funds were used to resettle citizens, as well as for social support for employees dismissed due to the liquidation of organizations, for additional pension provision, technical and other purposes.

    A program is being implemented to further improve working conditions, increase the safety of mining operations and, of course, reduce accidents and injuries.

    Mikhail Mishutin held a meeting on the situation in the coal industry

    May 30, 2025

    Mikhail Mishutin held a meeting on the situation in the coal industry

    May 30, 2025

    Previous news Next news

    Mikhail Mishutin held a meeting on the situation in the coal industry

    The corresponding infrastructure is also being developed. Operation of the Pacific Railway has begun, construction of the ports of Elga and Lavna is underway. Coal mining centers are being created in the east of the country with favorable mining and geological occurrence of raw materials. And a shorter transportation shoulder to the main sales markets.

    New technologies and modern equipment are also being actively introduced. This allows for a significant increase in extraction efficiency and productivity. If in Soviet times about one and a half million people worked in the industry, then according to the results of last year – only slightly more than 150 thousand. At the same time, the volume of extracted raw materials exceeded the values of the last years of the USSR by almost fifteen million tons.

    It is obvious that the innovative potential of the coal industry is far from exhausted. Enterprises are engaged in the implementation of three-dimensional modeling technologies, optimization of mine equipment, coal extraction, including at low-power seams.

    In recent years, the industry has faced new serious challenges. World prices for all types of such fuel have fallen sharply. This year, unfortunately, the situation continues to worsen. In the first four months, export prices have fallen by almost a quarter. The situation is also complicated by the high debt load of companies. Significant expenses are required to maintain current operations, ensure industrial safety, labor protection and the environment.

    A whole series of measures have been developed to level the situation. It is necessary to help promising organizations that are experiencing temporary difficulties.

    In agreement with the President, I gave the corresponding instructions to the Minister of Finance Anton Germanovich Siluanov, the Minister of Energy Sergey Evgenievich Tsivilev, and the head of Russian Railways Oleg Valentinovich Belozerov. They visited the Kemerovo Region, discussed the most pressing issues with the management and employees of coal enterprises, and presented me with a number of proposals. Now we will discuss all of this in detail and report to the President.

    We hope that this will allow us to make all the necessary decisions to balance the situation.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: Israel announces construction of 22 new settlements in occupied West Bank

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    JERUSALEM, May 30 (Xinhua) — Israel on Thursday said it would establish 22 new settlements in the occupied West Bank, in what officials called a strategic expansion of Israel’s presence in the Palestinian territory.

    A map published by far-right Finance Minister Bezalel Smotrich shows that the plan includes the rebuilding of two settlements, Homesh and Sa-Nur, in the northern part of the territory. They were evacuated in 2005 as part of Israel’s disengagement from the Gaza Strip.

    Meanwhile, Israeli Defense Minister Israel Katz confirmed the Security Cabinet’s approval of the plan, calling it a “historic decision” to “strengthen our [Israeli] authority” in the West Bank.

    The announcement came after Israeli Prime Minister Benjamin Netanyahu vowed to take full control of Gaza, while pro-settlement ministers, including B. Smotrich and National Security Minister Itamar Ben-Gvir, advocated moving evacuated Jewish settlements to Gaza.

    Israel captured the West Bank in the 1967 Six-Day War and has been expanding settlements there ever since. More than 720,000 Israeli settlers now live in heavily guarded communities there. –0–

    MIL OSI Russia News –

  • US proposes 60-day ceasefire for Gaza; hostage-prisoner swap, plan shows

    Source: Government of India

    Source: Government of India (2)

    U.S. plan for Gaza seen by Reuters on Friday proposes a 60-day ceasefire and the release of 28 Israeli hostages alive and dead in the first week, in exchange for the release of 1,236 Palestinian prisoners and the remains of 180 dead Palestinians.

    The document, which says the plan is guaranteed by U.S. President Donald Trump and mediators Egypt and Qatar, includes sending humanitarian aid to Gaza as soon as Hamas signs off on the ceasefire agreement.

    The aid will be delivered by the United Nations, the Red Crescent and other agreed channels.

    On Thursday, the White House said Israel had agreed to the U.S. ceasefire proposal.

    Israeli media said Prime Minister Benjamin Netanyahu told the families of hostages held in Gaza that Israel had accepted the deal presented by President Trump’s Middle East envoy Steve Witkoff.

    The Palestinian militant group Hamas told Reuters it was reviewing the plan and would respond on Friday or Saturday.

    The U.S. plan provides for Hamas to release the last 30 of the 58 remaining Israeli hostages once a permanent ceasefire is in place. Israel will also cease all military operations in Gaza as soon as the truce takes effect, it shows.

    The Israeli army will also redeploy its troops in stages.

    Deep differences between Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Israel has insisted that Hamas disarm completely, be dismantled as a military and governing force and return all 58 hostages still held in Gaza before it will agree to end the war.

    Hamas has rejected the demand to give up its weapons and says Israel must pull its troops out of Gaza and commit to ending the war.

    Israel launched its campaign in Gaza in response to the Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The subsequent Israeli military campaign has killed more than 54,000 Palestinians, Gaza health officials say, and left the enclave in ruins.

    MOUNTING PRESSURE

    Israel has come under increasing international pressure, with many European countries usually reluctant to criticise it openly demanding an end to the war and a major relief effort.

    Witkoff told reporters on Wednesday that Washington was close to “sending out a new term sheet” about a ceasefire by the two sides in the conflict.

    “I have some very good feelings about getting to a long-term resolution, temporary ceasefire and a long-term resolution, a peaceful resolution, of that conflict,” Witkoff said at the time.

    The 60-day ceasefire, according to the plan, may be extended if negotiations for a permanent ceasefire are not concluded within the set period.

    Senior Hamas official Sami Abu Zuhri said on Thursday the terms of the proposal echoed Israel’s position and did not contain commitments to end the war, withdraw Israeli troops or admit aid as Hamas has demanded.

    The Gaza Humanitarian Foundation, a private group backed by the United States and endorsed by Israel, expanded its aid distribution to a third site in Gaza on Thursday.

    Heavily criticised by the United Nations and other aid groups as inadequate and flawed, the group began its operation this week in Gaza, where the U.N. has said 2 million people are at risk of famine after Israel’s 11-week blockade on aid entering the enclave.

    The launch was marred by tumultuous scenes on Tuesday as thousands of Palestinians rushed to distribution points and forced private security contractors to retreat.

    The chaotic start to the operation has raised international pressure on Israel to get more food in and halt the fighting in Gaza. GHF has so far supplied about 1.8 million meals and plans to open more sites in coming weeks.

    (Reuters)

  • MIL-OSI China: Di Maria to return to boyhood club Rosario Central

    Source: People’s Republic of China – State Council News

    Argentina’s FIFA World Cup winner Angel Di Maria has reached an agreement to return to his boyhood team Rosario Central, the club announced on Thursday.

    The 37-year-old will rejoin the Argentine Primera Division side on a free transfer after his contract with Portuguese outfit Benfica expires in July.

    Angel di Maria (R) of Argentina vies with Matty Cash of Poland during their Group C match at the 2022 FIFA World Cup at Stadium 974 in Doha, Qatar, Nov. 30, 2022. (Xinhua/Cao Can)

    “Our history together has more pages to write. Welcome home,” read a statement issued by the club on social media.

    Di Maria began his professional career with Rosario Central in 2005 before signing with Benfica two years later. He had subsequent spells at Real Madrid, Manchester United, Paris Saint-Germain and Juventus before returning to Benfica in 2023.

    The winger ended his Argentina career last year with 145 caps, having won the 2022 World Cup and two Copa America titles.

    He will start his new spell with Rosario Central following the FIFA Club World Cup in the United States. Benfica will begin its campaign against Boca Juniors on June 16 before also facing Auckland City and Bayern Munich in the group stage. 

    MIL OSI China News –

  • Saudi warned Iran to reach nuclear deal with Trump or risk Israeli strike

    Source: Government of India

    Source: Government of India (4)

    Saudi Arabia’s defence minister delivered a blunt message to Iranian officials in Tehran last month: take President Donald Trump’s offer to negotiate a nuclear agreement seriously because it presents a way to avoid the risk of war with Israel.

    Alarmed at the prospect of further instability in the region, Saudi Arabia’s 89-year-old King Salman bin Abdulaziz dispatched his son, Prince Khalid bin Salman, with the warning destined for Iran’s Supreme Leader Ayatollah Ali Khamenei, according to two Gulf sources close to government circles and two Iranian officials.

    Present at the closed-door meeting in Tehran, which took place on April 17 in the presidential compound, were Iranian President Masoud Pezeshkian, armed forces Chief of Staff Mohammad Bagheri and Foreign Minister Abbas Araqchi, the sources said.

    While media covered the 37-year-old prince’s visit, the content of the King Salman’s covert message has not been previously reported.

    Prince Khalid, who was Saudi ambassador to Washington during Trump’s first term, warned Iranian officials that the U.S. leader has little patience for drawn-out negotiations, according to the four sources.

    Trump had unexpectedly announced just over a week earlier that direct talks were taking place with Tehran, aimed at curbing Iran’s nuclear programme in return for sanctions relief. He did so in the presence of Israeli Prime Minister Benjamin Netanyahu, who had travelled to Washington hoping instead to win support for attacks on Iranian nuclear sites.

    In Tehran, Prince Khalid told the group of senior Iranian officials that Trump’s team would want to reach a deal quickly, and the window for diplomacy would close fast, according to the four sources.

    The Saudi minister said it would be better to reach a deal with the U.S. than face the possibility of an Israeli attack if the talks broke down, according to the two Gulf sources.

    He argued that the region – already riven by recent conflicts in Gaza and Lebanon – could not withstand a further escalation in tensions, said the two Gulf sources and one senior foreign diplomat familiar with the discussions.

    Authorities in Saudi Arabia and Iran did not respond to requests for comment.

    The visit by Prince Khalid – the younger brother of Crown Prince Mohamed Bin Salman – was the first by a senior member of the Saudi royal family to Iran in more than two decades. Riyadh and Tehran had long been bitter rivals, often backing opposing sides in proxy wars, until a rapprochement brokered by China in 2023 helped to ease the tensions and restored diplomatic ties.

    Over the past two years, Iran’s regional position has been undermined by heavy military blows inflicted by Israel on its allies Hamas in Gaza and Hezbollah in Lebanon, and toppling of its close ally, Syrian dictator Bashar al-Assad. Western sanctions, meanwhile, have hit its oil-dependent economy hard.

    Mohanad Hage Ali, an expert on Iran at the Carnegie Middle East Center think tank in Beirut, said that Tehran’s weakness had offered Saudi Arabia the opportunity to exert its diplomatic influence, seeking to avoid a regional conflagration.

    “They want to avoid war because war and confrontation with Iran will have negative implications on them and their economic vision and ambitions,” he told Reuters.

    IRAN WANTS A DEAL

    Reuters was unable to determine the impact of the prince’s message on Iran’s leadership.

    In the meeting, Pezeshkian responded that Iran wanted a deal to ease economic pressure through the lifting of Western sanctions, the four sources said.

    However, the Iranian officials, the sources added, expressed concerns over the Trump administration’s “unpredictable” approach to negotiations — which have veered from allowing limited uranium enrichment to demanding the complete dismantling of Tehran’s enrichment program.

    Trump also has threatened to use military force if diplomacy fails to rein in the clerical establishment’s nuclear ambitions.

    One of the Iranian sources said that Pezeshkian emphasized Tehran’s eagerness to reach a deal but that Iran was not willing to sacrifice its enrichment program just because Trump wanted an agreement.

    The ongoing talks between Washington and Tehran have already been through five rounds to resolve the decades-long nuclear dispute, but multiple stumbling blocks remain, including the key issue of enrichment.

    Reuters reported on Wednesday that Iran might pause uranium enrichment if the U.S. releases its frozen funds and recognises its right to refine uranium for civilian use under a “political deal” that could lead to a broader nuclear accord, according to two Iranian sources familiar with the talks. The semi-official Fars news agency in Iran quoted a foreign ministry spokesman denying the report.

    The White House did not directly address Reuters’ questions about whether it was aware of the Saudi warning to Iran.

    “President Trump has made it clear: make a deal, or face grave consequences, and the whole world is clearly taking him seriously, as they should,” White House press secretary Karoline Leavitt said in a statement.

    Trump said on Wednesday he warned Netanyahu last week not to take any actions that could disrupt nuclear talks with Iran, and said the two sides were “very close to a solution now”.

    Israeli authorities did not respond to a request for comment.

    HIGH STAKES

    A four-day visit by Trump to the Gulf this month annointed Saudi Arabia as the most prominent member of a new axis of Sunni states in the Middle East, filling the void left by Iran’s shattered alliance. During the trip, Saudi Crown Prince Mohamed Bin Salman mediated a reconciliation between Trump and Syria’s new Sunni leader, Ahmed al-Sharaa.

    Tehran’s regional sway, meanwhile, has been diminished by military setbacks suffered by Iran and its allies in the Shi’ite-dominated Axis of Resistance, which include Hamas, Hezbollah, the Houthis in Yemen, and Iraqi militias

    In the meeting, Prince Khalid urged Iran to rethink its regional policy, noting such a shift would be welcomed, especially by Riyadh, the sources said.

    Although he stopped short of directly blaming Iran, the Saudi minister voiced concern over a possible repeat of the 2019 drone attacks on the facilities of state oil company Aramco – attacks the kingdom attributed to Iran and its Houthi allies, despite Tehran’s denial.

    Iranian officials maintained that while Tehran holds some influence over the Houthis, it does not fully control their actions, the Iranian sources said.

    Decades of hostility between the Shi’ite Iran and Saudi Arabia destabilised the Gulf and fuelled regional conflicts from Yemen to Syria. The 2023 detente was driven in part by Saudi Crown Prince Mohammed’s economic ambitions and desire for stability, and has led to increased contacts between the governments.

    However, neither Saudi Arabia nor other regional powers see Iran as a dependable partner for peace and they fear its actions could jeopardize their ambitions for economic development, diplomats and regional experts say.

    Prince Khalid implored the Iranians to avoid actions by them and their allies that might provoke Washington, stressing that Trump’s response would likely be more strident than his predecessors, presidents Joe Biden and Barak Obama.

    In turn, he assured Tehran that Riyadh would not let its territory or airspace to be used by the United States or Israel for any potential military action against Iran, the sources said.

    (Reuters)

  • Trump envoy says Russian concern over NATO enlargement is fair

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump’s envoy to Ukraine, Keith Kellogg, said Russia’s concern over the eastward enlargement of NATO was fair and the United States did not want to see Ukraine in the U.S.-led military alliance.

    Asked by U.S. network ABC News about a Reuters report that Russia wanted a written pledge over NATO not enlarging eastwards to include Ukraine and other former Soviet republics, Kellogg said: “It’s a fair concern.”

    “We’ve said that to us, Ukraine coming into NATO is not on the table, and we’re not the only country that says that – you know I could probably give you four other countries in NATO and it takes 32 of the 32 to allow you to come in to NATO,” he told ABC late on Thursday. “That’s one of the issues that Russia will bring up.”

    “They’re not just talking Ukraine, they’re talking the country of Georgia, they’re talking Moldova,” Kellogg said, adding that a decision on U.S. views of NATO enlargement was for Trump to make.

    Kellogg said the sequencing of the peace talks would include an attempt to merge the two memorandums drafted by Ukraine and Russia into one single document with talks in Turkey on Monday.

    “When we get into Istanbul next week we’ll sit down and talk,” Kellogg said, adding that the national security advisers from Germany, France and Britain would join discussions on the memorandum with the United States.

    Kellogg said Trump was “frustrated” with Russia because he had seen “a level of unreasonableness” from Russian President Vladimir Putin. He scolded Russia for striking Ukrainian cities and said he had told Ukraine to turn up to talks.

    A conservative estimate of dead and injured in the Ukraine war – from both sides combined – totals 1.2 million, Kellogg said.

    “That is a stunning number – this is war on an industrial scale,” Kellogg told ABC.

    (Reuters)

  • India’s All-Party Delegation concludes anti-terror mission in Saudi Arabia

    Source: Government of India

    Source: Government of India (4)

    An All-Party Parliamentary delegation from India concluded its three-day diplomatic mission to Saudi Arabia on Thursday, emphasizing India’s unwavering stance against terrorism in the wake of recent cross-border attacks. Led by BJP MP Baijayant Panda, the delegation held extensive interactions with Saudi think tanks and the Indian diaspora as part of a broader global outreach initiative following India’s military response to the devastating April terrorist attack.

    The delegation’s visit comes in response to the April 22 Pahalgam attack, where five armed terrorists killed 26 people, including 25 tourists and a local resident, in one of the deadliest attacks in Kashmir in decades. The incident prompted India to launch Operation Sindoor, which the delegation described as establishing “a new benchmark in India’s fight against terrorism.”

    During their Saudi visit, the Indian representatives met with Dr. Abdulaziz Sager, Chairman of the Gulf Research Centre in Riyadh, and Dr. Abdulmajeed Albanyan, President of the Naif Arab University for Security Sciences. The discussions focused on India’s three-decade struggle with cross-border terrorism and explored potential collaboration in emerging technologies including artificial intelligence and quantum computing for counter-terrorism efforts

    .The delegation emphasized that the Pahalgam attack was designed to undermine economic progress in Jammu and Kashmir and incite communal tensions across India. They highlighted how the nation’s unified response demonstrated India’s collective resolve against such threats, noting that all attempts to divide the country were met with popular resistance.

    This Saudi Arabia mission represents part of a comprehensive diplomatic offensive, with seven All-Party delegations comprising 59 members visiting 32 countries to convey India’s zero-tolerance approach to terrorism. The initiative aims to build international support for India’s position while countering narratives that might justify terrorist activities.

    The delegation’s engagement with the Indian diaspora in Saudi Arabia underscored the community’s role in India’s development and acknowledged Saudi Arabia’s consistent support in condemning terrorism. The visit reinforced the growing security cooperation between the two nations, particularly in areas of counter-terrorism and regional stability.The broader diplomatic campaign follows India’s military strikes against alleged terrorist camps across the border, marking what officials describe as a shift toward a ‘new normal policy’ in addressing cross-border terrorism threats.

  • US proposes 60-day ceasefire for Gaza, plan shows

    Source: Government of India

    Source: Government of India (4)

    A U.S. plan for Gaza seen by Reuters on Friday proposes a 60-day ceasefire and the release of 28 Israeli hostages alive and dead in the first week and the release of 125 Palestinian prisoners sentenced to life and the remains of 180 dead Palestinians.

    The plan, which says it is guaranteed by U.S. President Donald Trump and mediators Egypt and Qatar, includes sending aid to Gaza as soon as Hamas signs off on the ceasefire agreement.

    The plan stipulates that Hamas will release the last 30 hostages once a permanent ceasefire is in place.

    The White House said on Thursday that Israel has agreed to the U.S. ceasefire proposal.

    The Palestinian militant group Hamas told media it was reviewing the plan and will respond on Friday or Saturday.

    Deep differences between Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Israel has insisted that Hamas disarm completely and be dismantled as a military and governing force and that all 58 hostages still held in Gaza must be returned before it will agree to end the war.

    Hamas has rejected the demand to give up its weapons and says Israel must pull its troops out of Gaza and commit to ending the war.

    Israel launched its campaign in Gaza in response to the devastating Hamas attack in southern Israel on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The subsequent Israeli military campaign has killed more than 54,000 Palestinians, Gaza health officials say, and left the enclave in ruins.

    (Reuters)

  • MIL-OSI: High Arctic Overseas Announces 2025 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

    CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — High Arctic ‎Overseas Holdings Corp. (TSXV: HOH) (“High Arctic Overseas” or the “Corporation”) has released its first quarter 2025 financial and operating results. The unaudited condensed interim consolidated financial statements (the “Financial Statements”) and management’s discussion & analysis (“MD&A”) for the quarter ended March 31, 2025, will be available on SEDAR+ at www.sedarplus.ca. All amounts are denominated in United States dollars (“USD”), unless otherwise indicated.

    The common shares of the Corporation began trading on the TSXV on August 16, 2024 under the trading symbol HOH.

    Mike Maguire, Chief Executive Officer commented on the Corporation’s first quarter 2025 financial and operating results:

    “Having established High Arctic Overseas Holdings Corp. with dedicated Management and a resilient core business, this Corporation is well placed to participate meaningfully in anticipated future major project developments.

    Our experience combined with ideal drilling equipment for the challenging PNG environment positions us well.

    I remain excited about our prospects to play a strategic role servicing the major projects anticipated in PNG over the second half of the decade.”

    2025 FIRST QUARTER HIGHLIGHTS

    • Drilling rig 103 remains suspended and drilling rigs 115 and 116 remain cold-stacked;
    • Manpower and rental services maintained similar activity levels to Q4 2024;
    • Revenue and operating margins significantly reduced compared to Q1 2024, largely as a result of rig 103 operating in Q1 2024 versus being suspended in Q1 2025; and
    • Disciplined cashflow management resulted in exiting Q1 2025 with working capital of over $20 million.

    Business strategy

    Our business strategy focused on Papua New Guinea is underpinned by the following cornerstones:

    • Leveraging our core PNG planning and logistics capability to diversify ‎our service offerings;
    • Deploying idle assets into profitable operations;
    • Strengthening local content & participation in the PNG finance and investment communities;
    • An established and efficient corporate structure; and
    • Seeking opportunities to expand and root the business in the Australasian region.

    2025 Strategic Objectives

    • Relentless focus on safety excellence and quality service delivery;
    • Reduce general and administrative expenditures;
    • Grow the manpower business in Papua New Guinea;
    • Maximize potential participation in future major Papua New Guinea projects; and
    • Pursue expansionary transactions that increase shareholder value.

    Since the Corporation and HAES-Cyprus were both wholly-owned by HWO, the transfer of all of the outstanding ordinary shares of HAES-Cyprus to the Corporation was deemed a common control transaction. The Corporation’s Financial Statements are presented under the continuity of interests basis. Financial and operational results contained within this Press Release present the historic financial position, results of operations and cash flows of HAES-Cyprus for all prior periods up to August 12, 2024, under HWO’s control. The financial position, results of operations and cash flows from April 1, 2024 (the date of incorporation of the Corporation) to August 12, 2024, include both HAES-Cyprus and the Corporation on a combined basis and from August 12, 2024, forward include the results of the Corporation on a consolidated basis upon completion of the Arrangement.

    For reporting purposes in the Financial Statements, the MD&A and this Press Release, it is assumed that the Corporation held the PNG business prior to August 12, 2024, and as such, information provided includes the financial and operating results for the three months ended March 31, 2025, including all comparative periods.

    In the above results discussion, the three months ended March 31, 2025 may be referred to as the “quarter” or “Q1 2025” and the comparative three months ended March 31, 2024 may be referred to as “Q1 2024”. References to other quarters may be presented as “QX 20XX” with X/XX being the quarter/year to which the commentary relates.

    FIRST QUARTER 2025 SELECT FINANCIAL AND OPERATIONAL RESULTS OVERVIEW

        Three months ended March 31,
    (thousands of USD except per share amounts)       2025     2024  
    Operating results:        
    Revenue       2,510     11,134  
    Net income (loss)       (1,225)     2,501  
    Per share (basic and diluted) (1)(2)     ($0.10)   $0.20  
    Operating margin (3)       714     4,315  
    Operating margin as a % of revenue (3)       28.4%     38.8%  
    EBITDA (3)       (286)     3,588  
    Per share (basic and diluted) (1)(2)     ($0.02)   $0.29  
    Adjusted EBITDA (3)       (202)     3,530  
    Adjusted EBITDA as a % of revenue (3)       (8.0%)     31.7%  
    Per share (basic and diluted) (1)(2)     ($0.02)   $0.28  
    Operating income (loss) (3)       (998)     2,720  
    Per share (basic and diluted) (1)(2)     ($0.08)   $0.22  
    Cash flow:        
    Cash flow from operating activities       (825)     5,348  
    Per share (basic and diluted) (1)(2)     ($0.07)   $0.43  
    Funds flow from operations (3)       (256)     3,314  
    Per share (basic and diluted) (1)(2)     ($0.02)   $0.27  
    Capital expenditures       74     550  
         
    (thousands of USD except per share amounts and common
    shares outstanding)    		     March 31, 2025 December 31, 2024
    Financial position:        
    Working capital (3)       20,212     20,602  
    Cash and cash equivalents       13,902     14,930  
    Total assets       34,133     35,287  
    Shareholder’s equity       29,766     30,953  
    Per share (4)     $2.39   $2.49  
    Common shares outstanding       12,448,166     12,448,166  
    (1)  For periods when the Corporation incurred a net loss the shares outstanding under the Corporation’s equity incentive plans for the periods presented are excluded from the calculation of diluted weighted average number of common shares as the outstanding options were anti-dilutive.
    (2)  For the purposes of computing per share amounts, the number of common shares outstanding for the periods prior to the Arrangement is deemed to be the number of shares issued by the Corporation to the shareholders of HWO upon completion of the Arrangement. See “2024 Corporate Reorganization” section of this Press Release and the Corporation’s Financial Statements for additional details.
    (3)  Readers are cautioned that Operating margin, Operating margin as a % of revenue, EBITDA (Earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, Adjusted EBITDA as a % of revenue, Operating income (loss), Funds flow from operations and Working capital do not have a standardized meanings prescribed by IFRS. See “Non IFRS Measures” in this Press Release for additional details on the calculations of these measures.
    (4)  Shareholders’ equity per share calculated based on the number of common shares outstanding as at the relevant date.
     

    Operating Results

        Three months ended March 31,
    (thousands of USD, unless otherwise noted)     2025   2024  
    Revenue     2,510   11,134  
    Operating expenses     (1,796)   (6,819)  
    Operating margin (1)     714   4,315  
    Operating margin percentage (1)     28.4%   38.8%  
    (1)   See “Non-IFRS Measures”
     

    Customer-owned rig 103 has been suspended since the second half of 2024 compared to being operational in the first 5.5 months in 2024. As such, the majority of Q1 2025 revenue is from the provision of equipment rental and skilled personnel to key customers within PNG’s oil and gas industry. While minor, the Corporation is seeing increased equipment rental revenues from other industries within PNG. As noted above, revenues for Q1 2024, were inclusive of rig 103 drilling activities plus revenue from the provision of equipment rental and skilled personnel into PNG’s oil and gas industry.

    The Corporation owns two heli-portable drilling rigs (Rigs 115 and 116) which remain preserved and maintained ready for deployment.

    Liquidity and Capital Resources

        Three months ended March 31,
    (thousands of USD)     2025   2024  
    Cash provided by (used in) operations:        
    Operating activities     (825)   5,348  
    Investing activities     (74)   (550)  
    Financing activities     (117)   (124)  
    Effect of foreign exchange rate changes     (12)   –  
    Increase (decrease) in cash     (1,028)   4,674  
    (thousands of USD, unless otherwise noted)     As at
    March 31, 2025    		   As at
    Dec 31, 2024    		  
    Current assets     24,230   24,706  
    Working capital(1)     20,212   20,602  
    Working capital ratio(1)     6.0:1   6.0:1  
    Cash and cash equivalents     13,902   14,930  
     (1)  See “Non-IFRS Measures”
     

    Liquidity and Capital Resources
    Cashflows from Operating Activities

    For the three months ended March 31, 2025, cash used in operating activities was $825 (Q1 2024 – cash generated was $5,348). The change in operating cash flow was driven by reduced revenue generating activities and changes in non-cash working capital. Changes in non-cash working capital are listed in Note 13 of the Financial Statements and represent temporary differences as inventory is purchased in support of anticipated sales, deferred revenue is earned and related party balances post the Arrangement.

    Cashflows from Investing Activities

    For the three months ended March 31, 2025, cash used in investing activities was $74 (Q1 2024 – $550). Cash outflows associated with investing activities were directed towards capital expenditures for additional rental assets. The Corporation continues to seek opportunities to invest in additional capital assets, in particular where it can do so with support of customer take-or-pay agreements.

    Cash flows from Financing Activities

    For the three months ended March 31, 2025, cash used in financing activities was $117 (Q1 2024 – $124). Cash outflows associated with finance activities were directed towards lease obligation payments.

    Outlook

    Consistent with the outlook provided by the Corporation in Q4 2024 the outlook for the Corporation’s core business in PNG for the remainder of 2025 remains subdued. Current quarter operating results were largely driven by manpower and rental services delivered to its key customers in PNG’s oil and gas industry. With no near-term drilling activity currently contracted, the Corporation expects equipment rental and manpower to continue as the primary revenue generating activity for 2025. The second half of 2025 is expected to see a decline in these activities as certain projects supported by the Corporation are expected to conclude, and customers have deferred non-essential work as they realize low and volatile near-term commodity prices.

    The Corporation is buoyed by an increase in recent enquiries for services and requests for pricing which may lead to a future upswing in revenue generating activity. The Corporation remains engaged with its principal customer on planning for future drilling activity and continues to focus on enhancing and optimizing its existing rental fleet deployment and manpower solutions offerings. The Corporation also continues to pursue business expansion opportunities in PNG, participating in requests for tender and actively engaging with potential customers for its services in PNG and the wider region while also taking actions to protect its capability to realize the future potential of the business.

    Our rationale for a business strategy focussed on PNG is unchanged. Papua New Guinea possesses substantial deposits of natural resources including significant reserves of oil and natural gas and has emerged as a reliable low-cost energy exporter to Asian markets, particularly for liquefied natural gas (“LNG”). A significant investment in the country’s oil and gas industry was evidenced by the successful construction of the PNG-LNG project in 2014, with the primary partners in the venture being customers of the Corporation. In the period following, the Corporation’s predecessor company committed to the purchase and upgrade of drilling rigs 115 and 116 and expansion of the Corporation’s fleet of rentable equipment including camps, material handling equipment and worksite matting. These investments contributed to a substantive lift in revenues and earnings as PNG enjoyed its highest period of exploration and development activity.

    Since the onset of COVID-19 in early 2020, there has been a substantive reduction in drilling services in PNG. This follows some consolidation among the active exploration and production companies and evolving political and economic influences. In the longer term, High Arctic believes PNG is on the precipice of a new round of large-scale projects in the natural resources sector. ‎The next significant ‎LNG project currently being planned is Papua-LNG, a project lead by the French oil and gas super-major TotalEnergies, with a final investment decision anticipated in late 2025. There is an expectation for increased drilling activity through the latter half of this decade, ‎not only to develop wells for the supply of gas to the Papua-LNG export facility, but also to explore for and ‎appraise other discoveries. The signing of a fiscal stability agreement between the P’nyang gas field joint venture and the government of PNG is another positive signal for that expansionary project to follow Papua-LNG.

    The Corporation is strategically positioned to support these developments, given its dominant position for drilling and associated services in PNG, existing work relationships with the operating companies, and proximity to the proposed sites of operation. The Corporation’s drilling rigs 115 and 116 are portable by helicopter and have been maintained and preserved for future use.

    There are a number of other petroleum projects and substantive nation-building projects including infrastructure, ‎electrification, telecommunications and defense projects planned for the development of PNG. ‎These ‎projects will require access to transport and material handling machinery, quality worksite and temporary ‎road mats and a substantive amount of labour including skilled equipment operators, qualified tradespeople and engineers, ‎geoscientists and other professionals. ‎High Arctic’s business continues to position itself to be a meaningful supplier of services, equipment and manpower for this market.

    NON-IFRS MEASURES

    This Press Release contains references to certain financial measures that do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and may not be comparable to the same or similar measures used by other companies. High Arctic Overseas uses these financial measures to assess performance and believes these measures provide useful supplemental information to shareholders and investors. These financial measures are computed on a consistent basis for each reporting period and include Oilfield services operating margin, EBITDA (Earnings before interest, tax, depreciation and amortization), Adjusted EBITDA, Operating loss, Funds flow from operating activities, Working capital and Net cash. These do not have standardized meanings.

    These financial measures should not be considered as an alternative to, or more meaningful than, net income (loss), cash from operating activities, current assets or current liabilities, cash and/or other measures of financial performance as determined in accordance with IFRS.

    For additional information regarding non-IFRS measures, including their use to management and investors and reconciliations to measures recognized by IFRS, please refer to the Corporation’s Q1 2025 MD&A, which is available online at www.sedarplus.ca.

    About High Arctic ‎Overseas Holdings Corp.

    High Arctic Overseas is a market leader in Papua New Guinea providing drilling ‎and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material ‎handling and drilling support equipment.

    For further information, please contact:

    Mike Maguire
    Chief Executive Officer
    1.587.320.1301

    High Arctic Overseas Holdings Corp.
    Suite 2350, 330–5th Avenue SW
    Calgary, Alberta, Canada T2P 0L4
    www.higharctic.com
    Email: info@higharctic.com

    Forward-Looking Statements
    This Press Release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation’s actual results, performance, or achievements to vary from those described in this Press Release.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this Press Release include, among others, statements pertaining to the following: general economic and business conditions; the role of the energy services industry in future phases of the energy industry; the outlook for energy services both globally and within PNG; the impact of conflict in the Middle East and Ukraine; the timing and impact on the Corporation’s business related to potential new large-scale natural resources projects and increased drilling activity in PNG; the impact, if any, related to existing or future changes to government regulations by the government of PNG; the impact, if any, on the Corporation’s future financial and operational results related to non-resource development opportunities in PNG; market fluctuations in commodity prices, and foreign currency exchange rates; restrictions on repatriation of funds held in PNG; expectations regarding the Corporation’s ability to manage its liquidity risk; raise capital and manage its debt finance agreements; projections of market prices and costs; factors upon which the Corporation will decide whether or not to undertake a specific course of operational action or expansion; the Corporation’s ongoing relationship with its major customers; customers’ drilling intentions; the Corporation’s ability to position itself to be a significant supplier of services, equipment and manpower for other resource and non-resources based projects in PNG; the Corporation’s expectations related to financial and operational results in 2025, including the expectation that the equipment rental and manpower services portion of the Corporation’s business will be the primary revenue generating activity for fiscal 2025; the timing and ability of the Corporation to put its own administrative infrastructure in place; the Corporation’s ability to invest in additional capital assets, including the impact on the Corporation’s future financial and operational results; the impact, if any, of geo-political events, changes in government, changes to tariff’s or related trade policies and the potential impact on the Corporation’s ability to execute on its 2025 business plan and strategic objectives; the ability of the Corporation to expand its geographic customer base outside of PNG, and the deploying idle heli-portable drilling rigs 115 and 116 and securing future work with other exploration companies in PNG.

    With respect to forward-looking statements contained in this Press Release, the Corporation has made assumptions regarding, among other things, its ability to: maintain its ongoing relationship with major customers; successfully market its services to current and new customers; devise methods for, and achieve its primary objectives; source and obtain equipment from suppliers; successfully manage, operate, and thrive in an environment which is facing much uncertainty; remain competitive in all its operations; attract and retain skilled employees; and obtain equity and debt financing on satisfactory terms and manage liquidity related risks.

    The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth in this Press Release and in the Corporation’s annual 2024 MD&A, which is available on SEDAR+.

    The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ‎policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI New Zealand: McClay to champion NZ’s trade interests at OECD and in Brussels

    Source: New Zealand Government

    Trade and Investment Minister Todd McClay will travel to Europe this weekend to advance New Zealand’s trade and investment interests 

    Minister McClay will visit Switzerland, Paris and Brussels for high level ministerial and business meetings.  

    In Switzerland he will attend the first in person meeting of a new pro-trade group with ministers from UAE, Singapore and Switzerland where he will focus on removing trade barriers and the promotion of paperless trade. 

    In Paris he will attend the annual OECD Trade Ministers, a CPTPP ministers discussion, ACCTs Ministers meeting, and a WTO Mini Ministerial meeting. He will also hold discussions with ministers from Canada, China, India, Indonesia, Saudi Arabia, USA.

    He will also undertake a bilateral French programme and meet the French Minister responsible for Trade.

    In Brussels Mr McClay will hold talks with EU Commissioner for Trade, the Commissioner for Agriculture and Food, and EU Vice President responsible for sustainability.  He will also speak at an event to mark the first year of the NZ EU FTA. 

    “One in four Kiwi jobs depend on Trade, and strong trade relationships mean more opportunities for New Zealander.

    The Government’s is committed to the ambitious goal of doubling exports by value in the next ten years to deliver higher paying jobs for all New Zealanders,” Mr McClay says.

    MIL OSI New Zealand News –

  • MIL-OSI Russia: Israel Accepts Proposal for Temporary Ceasefire in Gaza – US

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    WASHINGTON, May 29 (Xinhua) — Israel has accepted and signed a 60-day ceasefire proposal in Gaza, the White House said Thursday.

    White House press secretary Caroline Leavitt confirmed at a press briefing that US Special Presidential Envoy for the Middle East Steven Witkoff and US President Donald Trump “presented Hamas with a ceasefire proposal that Israel supported.”

    “Israel signed this proposal before it was sent to Hamas. I can also confirm that these discussions are ongoing and we hope that a ceasefire will be reached in Gaza so that we can bring all the hostages home,” Leavitt said.

    “I will not comment further as we are in the midst of events now,” she added.

    An Israeli official and a U.S. source familiar with the situation confirmed that the proposed deal includes not only a 60-day cease-fire but also plans to free 10 living hostages and hand over the remains of 18 dead hostages, CBS News reported.

    Hamas said on Thursday that its leadership had received a new ceasefire proposal for Gaza from S. Witkoff through intermediaries and was studying it.

    “The Hamas leadership has received the new proposal from S. Witkoff from the mediators and is studying it responsibly so that it serves the interests of our people, eases the situation and ensures a permanent ceasefire in the Gaza Strip,” Hamas said in a brief statement. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: Hamas says US ceasefire proposal under review, does not meet Palestinian demands

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    GAZA, May 30 (Xinhua) — A senior Hamas official said Thursday that the U.S. proposal for a ceasefire in the Gaza Strip remains under consideration even though it does not meet the basic demands of the movement and the Palestinian people.

    Basem Naim, a member of Hamas’s politburo, said in a statement that the movement had received Israel’s response to the US proposal put forward last week by US Special Envoy for the Middle East Steven Witkoff.

    According to B. Naim, the Israeli position has failed to meet key Palestinian demands, including a complete cessation of hostilities and the lifting of the long-standing blockade of Gaza.

    He said the proposal would allow the “occupation” and humanitarian suffering to continue even during a temporary ceasefire.

    “Nevertheless, the movement’s leadership evaluates the proposal with a sense of national responsibility, especially in light of the ongoing violence and humanitarian crisis facing the Palestinian people,” B. Naim said. –0–

    MIL OSI Russia News –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 30, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 30, 2025.

    French politicians in New Caledonia to stir the political melting pot
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk French national politicians have been in New Caledonia as the territory’s future remains undecided. Leaders from both right-wing Les Républicains (LR) and Rassemblement National (RN), — vice-president François-Xavier Bellamy and Marine Le Pen respectively — have been in the French Pacific territory this week. They expressed

    Elon Musk promises more risky launches after sixth Starship failure
    Source: The Conversation (Au and NZ) – By Sara Webb, Lecturer, Centre for Astrophysics and Supercomputing, Swinburne University of Technology What goes up must come down, and earlier this week yet another of SpaceX’s Starships, the biggest and most powerful type of rocket ever built, came back down to Earth in spectacular fashion. In the

    Tracking crime from the cradle: why some people keep breaking the law while most of us never do
    Source: The Conversation (Au and NZ) – By Ayda Kuluk, PhD Candidate in Criminology and Criminal Justice, Griffith University Alena Lom/Shutterstock A major Australian study tracking more than 80,000 Queenslanders from birth to adulthood reveals stark differences between men and women in patterns of criminal behaviour. These patterns offer insights into effective crime prevention strategies.

    Most of Australia’s conservation efforts ignore climate risks – here are 3 fixes
    Source: The Conversation (Au and NZ) – By Yi Fei Chung, PhD Candidate in Environmental Policy, The University of Queensland Imagine replanting various native species only to have them die because the area is too hot or too dry. Or reconnecting woodland habitat only to lose large tracts to bushfire. Well, our new research suggests

    Earth’s seasonal rhythms are changing, putting species and ecosystems at risk
    Source: The Conversation (Au and NZ) – By Daniel Hernández Carrasco, PhD Candidate in Ecology, University of Canterbury Shutterstock/Colin Stephenson Seasonality shapes much of life on Earth. Most species, including humans, have synchronised their own rhythms with those of Earth’s seasons. Plant growth cycles, the migration of billions of animals, and even aspects of human

    Google is going ‘all in’ on AI. It’s part of a troubling trend in big tech
    Source: The Conversation (Au and NZ) – By Zena Assaad, Senior Lecturer, School of Engineering, Australian National University Google recently unveiled the next phase of its artificial intelligence (AI) journey: “AI mode”. This new feature will soon be released as a new option to users of Google’s search engine in the United States, with no

    People with disability are dying from cancers we can actually prevent, our study shows
    Source: The Conversation (Au and NZ) – By Yi Yang, Research Fellow, Social Epidemiology, Melbourne Disability Institute, Melbourne School of Population and Global Health, The University of Melbourne Chona Kasinger/Disabled and Here, CC BY-SA People with disability are missing out on screening programs that could help detect cancer early, and after diagnosis, are less likely

    Researchers created a chatbot to help teach a university law class – but the AI kept messing up
    Source: The Conversation (Au and NZ) – By Armin Alimardani, Senior Lecturer in Law and Emerging Technologies, University of Wollongong Mikhail Nilov/ Pexels , CC BY “AI tutors” have been hyped as a way to revolutionise education. The idea is generative artificial intelligence tools (such as ChatGPT) could adapt to any teaching style set by

    NSW is again cleaning up after major floods. Are we veering towards the collapse of insurability?
    Source: The Conversation (Au and NZ) – By Kate Booth, Associate Professor of Human Geography, University of Tasmania Once again, large parts of New South Wales have been devastated by floods. It’s estimated 10,000 homes and businesses may have been damaged or destroyed and the Insurance Council of Australia reports more than 6,000 insurance claims

    Talk to Me was a rollercoaster, but the Philippou brothers’ Bring Her Back will trap you in a house of horrors
    Source: The Conversation (Au and NZ) – By Jessica Balanzategui, Associate Professor in Media, RMIT University A24 They may have only made two feature films so far, but Danny and Michael Philippou are already being hailed as Australia’s premiere horror auteurs. Their 2023 debut Talk To Me sparked a bidding war between distributors upon its

    Grattan on Friday: Trump, tariffs and the Middle East are looming challenges for Albanese
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Australia these days receives invitations to big-league international conferences. And so Anthony Albanese will be off soon to the G7 meeting in Alberta, Canada, on June 15-17. For the prime minister, what’s most important about this trip is not so

    Radical legal step towards ending impunity for Israel over killing Gaza journalists
    Pacific Media Watch Journalists have been targeted, detained and tortured by the Israeli military in Gaza — and Reporters Without Borders (RSF) has now taken a new approach towards bringing justice these crimes. The Paris-based global media freedom NGO has submitted multiple formal requests to the International Criminal Court (ICC) asking that Palestinian journalists who

    New Australian data shows most of us have PFAS in our blood. How worried should we be?
    Source: The Conversation (Au and NZ) – By Ian A. Wright, Associate Professor in Environmental Science, Western Sydney University New Africa/Shutterstock The Australian Bureau of Statistics (ABS) has this week released new data which tells us about the presence of per- and polyfluoroalkyl substances (PFAS) in Australians’ bodies. The data comes from concentrations measured in

    Labor gains Senate seats in Victoria and Queensland, and surges to a national 55.6–44.4 two-party margin
    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Buttons have been pressed to electronically distribute preferences for the Senate in Victoria, the ACT, Queensland and Western Australia. Labor gained a seat from the Liberals in

    Influencer Andrew Tate is charged with a raft of sex crimes. His followers will see him as the victim
    Source: The Conversation (Au and NZ) – By Steven Roberts, Professor of Education and Social Justice, Monash University British prosecutors have this week charged social media influencer Andrew Tate with a string of serious sexual offences, including rape and human trafficking, alleged to have been committed in the United Kingdom between 2012 and 2015. This

    How the North West Shelf expansion risks further damage to Murujuga’s 50,000-year-old rock art
    Source: The Conversation (Au and NZ) – By Benjamin Smith, Professor of Archaeology (World Rock Art), School of Social Sciences, The University of Western Australia Yesterday, new environment minister Murray Watt approved an extension for the North West Shelf liquefied natural gas project. The gas plant at Karratha, Western Australia, will run until 2070. This

    UNESCO expresses ‘utmost concern’ at the state of the Great Barrier Reef
    Source: The Conversation (Au and NZ) – By Jon C. Day, Adjunct Principal Research Fellow, College of Science and Engineering, James Cook University UNESCO’s World Heritage Committee has again raised grave fears for the future of the Great Barrier Reef, highlighting the problems of water pollution, climate change and unsustainable fishing. The committee this week

    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    Source: The Conversation (Au and NZ) – By Susan Stone, Credit Union SA Chair of Economics, University of South Australia A US court has blocked the so-called “Liberation Day” tariffs that US President Donald Trump imposed on imported goods from around 90 nations. This puts implementation of Trump’s current trade policy in disarray. The Court

    30 years ago Australia confronted its Stolen Generation past – then the Howard government blew it
    Source: The Conversation (Au and NZ) – By Anne Maree Payne, Senior Research Fellow, Indigenous Land & Justice Research Group, UNSW Sydney May 2025 marks the 30th anniversary of the establishment of the national inquiry into the forcible removal of Aboriginal and Torres Strait Islander children from their families. Conducted by the Human Rights and

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: 11,000 cancer patients in Gaza lack adequate treatment

    Source: People’s Republic of China – State Council News

    This photo taken on May 28, 2025 shows a child suffering from severe malnutrition at a camp for displaced people, west of Gaza City. [Photo/Xinhua]

    About 11,000 cancer patients in the Gaza Strip lack adequate treatment and proper healthcare amid ongoing Israeli attacks, health authorities in Gaza said Thursday.

    About 5,000 of these patients have an urgent referral for treatment abroad, either for diagnosis or for chemotherapy and radiation therapy, the health authorities said in a statement, noting that the absence of early diagnosis and follow-up devices in Gaza has further worsened patients’ conditions.

    The statement pointed out that “64 percent of cancer drugs have a zero balance,” stressing that cancer patients are “trapped by catastrophic health, social, psychological and economic conditions.”

    This comes as Israel continues its military operations in the Gaza Strip, while the coastal enclave is grappling with a severe humanitarian crisis.

    MIL OSI China News –

  • MIL-OSI China: Hamas says US ceasefire proposal under review

    Source: People’s Republic of China – State Council News

    A senior Hamas official said Thursday that a U.S. proposal for a ceasefire in the Gaza Strip remains under review, even though it does not meet the core demands of the movement and the Palestinian people.

    Basem Naim, a member of Hamas’s political bureau, said in a statement that the movement had received the Israeli response to the U.S. proposal brokered last week by U.S. Special Envoy to the Middle East Steve Witkoff.

    According to Naim, the Israeli position fails to address key Palestinian demands, including a complete cessation of hostilities and the lifting of the long-standing blockade on Gaza.

    He said the proposal would allow for the continuation of “the occupation” and humanitarian suffering, even during any temporary truce.

    “Nevertheless, the movement’s leadership is evaluating the proposal with a sense of national responsibility, particularly in light of the ongoing violence and humanitarian crisis facing the Palestinian people,” Naim said.

    Hamas stated earlier that it had received the updated ceasefire proposal through mediators and was assessing it in a way that reflects the interests of the Palestinian people and aims to achieve lasting peace and relief for Gaza residents.

    MIL OSI China News –

  • MIL-OSI China: Hong Kong, Saudi Arabia unlock new investment channels at capital markets forum

    Source: People’s Republic of China – State Council News

    The Hong Kong Exchanges and Clearing Limited (HKEX) and Saudi Tadawul Group jointly hosted the second “Hong Kong-Saudi Capital Markets Forum” in Hong Kong on Thursday, bringing together industry leaders to explore the evolving landscape and opportunities in Asian, Middle Eastern, and global capital markets.

    The two-day forum, themed “Powering Connections,” featured in-depth discussions on cross-regional investment prospects, followed by a series of business-matching sessions. In collaboration with the Hong Kong Special Administrative Region (HKSAR) government’s Office for Attracting Strategic Enterprises, the event facilitated over 600 scheduled meetings between enterprises and investors from both markets.

    Additionally, the “Premia BOCHK Saudi Arabia Government Sukuk ETF” was officially launched during the forum.

    Paul Chan, financial secretary of the HKSAR government, said that the Middle East is home to many high-quality enterprises, and the HKSAR will further strengthen ties with the region by sharing Hong Kong’s expertise in connectivity mechanisms with the Chinese mainland.

    “Beyond stocks and ETFs, there is vast potential for collaboration in infrastructure and professional services,” he said, adding that the Linked Exchange Rate System remains effective and will not be altered.

    Bonnie Chan, chief executive officer of Hong Kong Exchanges and Clearing Limited, said that the forum underscored the growing synergy, capital flow potential, and mutual investment opportunities between the Middle East, the Chinese mainland and Hong Kong.

    “As a ‘super connector,’ HKEX is committed to enhancing financial infrastructure and advancing partnerships to offer Asian investors greater access to Gulf markets and foster two-way capital flows between Asia and the Middle East,” she said.

    Representatives from Saudi Arabia said that the Saudi capital market serves as a vital bridge between East and West, renowned for its depth, resilience, and openness to global investors. They reaffirmed Saudi Arabia’s commitment to market expansion, strengthening international linkages, and driving sustainable development.

    The forum attracted over 500 participants, including financial leaders, regulators, investors, and corporate representatives from the Chinese mainland, Hong Kong, Saudi Arabia, and beyond. 

    MIL OSI China News –

  • MIL-OSI Russia: Dmitry Chernyshenko: The Phygital movement is perfect for the rehabilitation of SVO fighters

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Chernyshenko greeted the participants of the final of the Victory Cup 2025 competition in phygital sports among fighters injured during the SVO

    May 29, 2025

    Dmitry Chernyshenko greeted the participants of the final of the Victory Cup 2025 competition in phygital sports among fighters injured during the SVO

    May 29, 2025

    Dmitry Chernyshenko greeted the participants of the final of the Victory Cup 2025 competition in phygital sports among fighters injured during the SVO

    May 29, 2025

    President of the All-Russian Federation of Phygital Sports, Olympic champion, three-time world champion, eight-time European champion in artistic gymnastics Nikita Nagorny

    May 29, 2025

    Dmitry Chernyshenko greeted the participants of the final of the Victory Cup 2025 competition in phygital sports among fighters injured during the SVO

    May 29, 2025

    Previous news Next news

    Dmitry Chernyshenko greeted the participants of the final of the Victory Cup 2025 competition in phygital sports among fighters injured during the SVO

    The final of the phygital sports competition among fighters injured during the SVO and undergoing rehabilitation in specialized institutions, “Victory Cup – 2025”, was held in Moscow at the Luzhniki Tennis Palace.

    Deputy Prime Minister Dmitry Chernyshenko and President of the All-Russian Phygital Sports Federation, Olympic champion, three-time world champion, eight-time European champion in artistic gymnastics Nikita Nagorny greeted the participants of the Victory Cup 2025 final and talked to them. The participants were also addressed by the chairperson of the Healthy Fatherland movement Ekaterina Leshchinskaya and the chairman of the board of the Movement of the First Artur Orlov.

    The Deputy Prime Minister thanked the veterans of the SVO, the All-Russian Federation of Phygital Sports and the All-Russian public movement “Healthy Fatherland” together with partners.

    “The work you are doing cannot be overestimated. You are now creating new history. This is happening at a very important and difficult time for our country, for all of humanity. 2025 is the year of the 80th anniversary of the Victory in the Great Patriotic War, the Year of the Defender of the Fatherland. Many saw how President Vladimir Putin reacted yesterday at the Sports Council to the fact that today we will be opening the final of the phygital sports competition – the Victory Cup. The reaction was very positive. The head of state recalled the success of the Games of the Future, which took place last year in Kazan – this was the first and stunning success of our country. The President gave birth to a new, previously non-existent movement, in which tens of millions of children are now participating,” Dmitry Chernyshenko emphasized.

    The Deputy Prime Minister also emphasized that the idea was voiced at the Sports Council that the priority task is to ensure that everyone has the same opportunities, so that the guys who were wounded while performing their duty in the area of the special military operation could feel like full members of society.

    “It is important that the phygital movement is perfect for the rehabilitation of SVO fighters. Many thanks to the doctors who confirm the effectiveness of this movement, these technologies and methods. Our finalists, SVO fighters, veterans, are essentially pioneers and experimenters who are creating a new sport that people all over the world will definitely do. And by your example, you will give not just hope, but confidence that equal opportunities will be realized. In our country, the President does everything to ensure that there are opportunities for self-realization and for the development of talents,” said Dmitry Chernyshenko.

    Now the participants are creating technologies that will give a huge number of children the opportunity to feel the taste for life and compete in real competitions. Today, the Second International Forum of the Phygital Movement is taking place in the United Arab Emirates, which includes the Russian Federation. This movement already includes about 90 countries that hold competitions in their countries. The Games of the Future will be held in Abu Dhabi in December 2025. The next games will be held in Kazakhstan – in Astana. It will soon be known which country will host the 2027 Games. This means that the movement founded by our President has found support all over the world.

    Dmitry Chernyshenko also talked to veterans of the SVO – participants of the competitions and assessed the competition zones in the disciplines: phygital squash, phygital boxing, phygital racing. The Deputy Prime Minister noted the importance of technologies developed for the adaptation of veterans and their inclusion in digital sports, and also thanked SMP Racing for its work, which in a short time and at its own expense provided sports infrastructure for SVO fighters with disabilities.

    The Deputy Prime Minister emphasized that the main principle of “phygital” is for a person to be harmoniously developed both virtually and in reality. Their task, having mastered phygital skills, is to rehabilitate as soon as possible and, using new technologies, engage in real sports.

    An innovative solution for the Victory Cup 2025 final was the format of the phygital squash competition. The winners of the qualifying competitions, which were held in VR format on Russian software specially developed for these competitions, were joined by leading Russian squash players.

    Nikita Nagorny spoke about the importance of the tournament for the rehabilitation of fighters:

    “Our federation always tries to try something new, to offer something that no one has done before. Today we have taken into account the interests and needs of those who are undergoing rehabilitation after completing combat missions – many of them find it difficult to participate in other sports events, but this does not mean that the problem cannot be solved. This is a huge social task for the entire state. We are grateful to those who took part in its solution.”

    The event was organized by the All-Russian Phygital Sports Federation (ARFS) and the All-Russian public movement “Healthy Fatherland”. The competition, timed to coincide with the 80th anniversary of the Victory in the Great Patriotic War, provides an opportunity to evaluate achievements in the field of integration of technologies, rehabilitation and sports.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI USA: After Capital Jewish Museum Shooting, Reed & Whitehouse Seek Additional Funds to Protect Nonprofits and Places of Worship from Violence & Hate Crimes

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC — In an effort to enhance public safety and deter violence targeted towards specific religious communities, U.S. Senators Jack Reed and Sheldon Whitehouse joined a bipartisan group of U.S. Senators in urging Senate Appropriations Committee leaders to provide $500 million for the Nonprofit Security Grant Program (NSGP) in 2026.

    NSGP funds are administered by the U.S. Department of Homeland Security (DHS) and competitively awarded to applicants to help non-profits and faith-based entities enhance their security infrastructure, training, and systems.  The federal NSGP funds can be used for things such as purchasing and installing locks, video cameras, and bulletproof glass, or hiring off-duty police officers as security personnel.

    Reed and Whitehouse say that NSGP funds have become a critical security tool for churches, synagogues, and temples in Rhode Island to guard against targeted hate crimes and antisemitism.

    Following the murder of two Israeli Embassy employees outside the Capital Jewish Museum in Washington, DC, Reed and Whitehouse joined with 31 of their Senate colleagues in sending a letter asking appropriators to significantly boost NSGP funding from $274.5 million last year to $500 million in fiscal year 2026 to help ensure the safety and security of Jewish institutions and other vulnerable non-profits and houses of worship nationwide.

    “The threat of violence is unfortunately increasing at places of worship across our country at alarming rates,” the 33 U.S. Senators wrote. “There has been an increase in hoax bomb and active shooter threats against houses of worship to interrupt services and intimidate the worshipers. There has also been an increase in antisemitic and anti-Muslim incidents across the country following the October 7 attack in Israel.”

    The Trump administration had proposed cuts to non-emergency grant programs at DHS. 

    The letter also notes that last year, only 43 percent of grant applications were approved, even with additional funding available through the national security supplemental bill.  Nationwide, applicants requested a total of nearly $1 billion in funding.

    “Unfortunately, it is easy to see that the need for the NSGP is quickly outpacing the funding,” the letter notes.

    Citing the February 2024 arson attack on Shiloh Gospel Temple, a predominantly Black church in North Providence, the 33 U.S. Senators wrote:“Today’s threat environment provides a compelling public interest in preventing attacks that would disrupt the vital health, human, social, cultural, religious, and other humanitarian services provided by at-risk faith-based and nonprofit institutions.  Such threats terrorize the lives and well-being of millions of Americans who operate, utilize, live, and work in their communities.”

    In addition to Reed and Whitehouse, the bipartisan letter was signed by U.S. Senators James Lankford (R-OK), Kirsten Gillibrand (D-NY), Gary Peters (D-MI) and Jacky Rosen (D-NV), joined by Sens. Kevin Cramer (R-ND), Tim Kaine (D-VA), Amy Klobuchar (D-MN), Tammy Baldwin (D-WI), Mark Warner (D-VA), Mark Kelly (D-AZ), Adam Schiff (D-CA), John Hickenlooper (D-CO), Angus King (I-ME), Raphael Warnock (D-GA), Alex Padilla (D-CA), Andy Kim (D-NJ), Richard Blumenthal (D-CT), Tammy Duckworth (D-IL), Elissa Slotkin (D-MI), Chris Van Hollen (D-MD), Maria Cantwell (D-WA), Ron Wyden (D-OR), Cory Booker (D-NJ), Angela Alsobrooks (D-MD), Lisa Blunt Rochester (D-DE), Tina Smith (D-MN), Maggie Hassan (D-NH), Jon Ossoff (D-GA), Ben Ray Lujan (D-NM), Dick Durbin (D-IL) and Ed Markey (D-MA).

    Full text of the letter follows:

    Dear Chair Collins, Vice Chair Murray, Chair Britt, and Ranking Member Murphy:

    Thank you for your strong support for the Federal Emergency Management Agency’s (FEMA) Nonprofit Security Grant Program (NSGP).

    As you draft the Fiscal Year 2026 (FY2026) Homeland Security (HLS) Appropriations bill, we respectfully request that you provide $500,000,000 in funding for the Nonprofit Security Grant Program under section 2009 of the Homeland Security Act of 2002 (6 U.S.C. 609a), of which $250,000,000 is for eligible recipients located in high-risk urban areas that receive funding under section 2003 of such Act and $250,000,000 is for eligible recipients that are located outside such areas. 

    Together, these programs provide critical security resources to at-risk faith- based and nonprofit institutions located in urban, suburban, and rural communities. In addition to ensuring that the NSGP is funded at robust levels, we also urge the committee to advocate for and maintain separate line items for this program. The NSGP is used by nonprofit organizations, including houses of worship and other faith-based organizations, at risk of terrorist attacks to provide funding for physical security enhancements as well as emergency preparedness training.

    The NSGP also works to enhance the engagement and cooperation between community groups, state and; local homeland security organizations, and emergency management agencies to be better; prepared for, prevent, and respond to acts of terrorism. This preparation and investment is critical to our national security and part of the Department of Homeland Security’s (DHS) comprehensive measures to strengthen the safety of our communities. DHS recognizes the risk of extremist-motivated violence as a danger to national security and has warned that violence against nonprofits and faith-based institutions is likely to continue.

    The threat of violence is unfortunately increasing at places of worship across our country at alarming rates. There has been an increase in hoax bomb and active shooter threats against houses of worship to interrupt services and intimidate the worshipers. There has also been an increase in antisemitic and anti-Muslim incidents across the country following the October 7 attack in Israel. In the year since October 7, the Anti-Defamation League (ADL) recorded over 10,000 antisemitic incidents in the United States, an over 200 percent increase over the year before and the highest number recorded in a single year since ADL started tracking antisemitic incidents in 1979.

    Nationwide, there have been countless acts of violence against religious communities, including these specific incidents that underscore the importance and complexity of protecting our religious communities from violence and extremism:

    • On January 3, 2024, a Newark, New Jersey, an Imam was shot and killed outside of his mosque.
    • On January 30, 2024, a man opened fire at a San Francisco Catholic Church.
    • On February 11, 2024, a man set fire to Shiloh Gospel Temple, a predominantly Black church in North Providence, Rhode Island.
    • On February 11, 2024, a woman forced her way inside a Texas Christian megachurch and opened fire.
    • On February 17, 2024, police in Broward County, Florida, arrested a man for beating a 69-year-old Rabbi who was walking home from synagogue on Shabbat.
    • On April 9, 2024, an Idaho teenager was arrested the day before his planned violent attack on local churches.
    • On May 25, 2024, a man was struck in a hit and run in front of a mosque in; Minnesota.
    • On July 22, 2024, St. Leo’s Church in Hartford, Arkansas, was vandalized, and racial slurs were graffitied on the building.
    • On August 12, 2024, a young man was stabbed near a synagogue in New York City.
    • On December 17 and 18, over 400 Jewish Institutions across the country were targeted with false bomb threats and swatting calls.

    These events highlight the ever-increasing need for the NSGP. Unfortunately, it is easy to see that the need for the NSGP is quickly outpacing the funding. In Fiscal Year 2024 (FY2024), FEMA received 7,584 grant applications for the NSGP, over 2,300 more than the previous year. These applicants requested $978 million in federal funding, while NSGP received $274.5 million in annual FY24 appropriations. Even with the additional NSGP funding provided by the National Security Supplemental Act for FY2024, FEMA could only fund 43 percent of all grant applicants. This left most of the applicants without the funding they needed to provide security to their at-risk institution.

    Today’s threat environment provides a compelling public interest in preventing attacks that; would disrupt the vital health, human, social, cultural, religious, and other humanitarian services provided by at-risk faith-based and nonprofit institutions. Such threats terrorize the lives and well-being of millions of Americans who operate, utilize, live, and work in their communities. Accordingly, we respectfully urge you to strengthen the NSGP by properly funding the program at $500 million in FY2026, and we remain sincerely grateful for your past support of this critical program. Thank you for your consideration of our request.

    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Kaine Urges DOD to Protect Civilians During Military Operations

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – U.S. Senator Tim Kaine (D-VA) joined 13 of his colleagues in sending a letter to U.S. Secretary of Defense Pete Hegseth urging him to preserve the Civilian Protection Center of Excellence at the Department of Defense (DOD) to minimize civilian deaths during combat.

    According to a Washington Post report, the Civilian Protection Center of Excellence was instructed by Pentagon leadership to halt all civilian harm mitigation work, including winding down the center and firing or reassigning nearly 170 personnel who advise military leaders on limiting noncombatant casualties.

    “Minimizing civilian casualties in warfare is a moral duty and a strategic imperative,” wrote the senators. “We remind you that the Civilian Protection Center of Excellence (“the Center”) was established by Congress… and the law requires you to operate it.”

    “Nevertheless, public reporting indicates that the Trump Administration is preparing to ‘abolish’ the Center,” they continued. “Regardless of your personal views regarding the importance of reducing civilian casualties, neither you nor the President have such authority.”

    “The credibility of U.S. foreign policy flows not just from our raw military power but also from our reputation as a nation that values innocent life and protects noncombatants,” they wrote. “When American forces deploy, the world should understand that they are not just the most lethal and capable force in human history, but also that their operations are conducted consistent with the highest moral and humanitarian standards.”

    In addition to Kaine, the letter was signed by U.S. Senators Jon Ossoff (D-GA), Tammy Baldwin (D-WI), Dick Durbin (D-IL), Kirsten Gillibrand (D-NY), Jeff Merkley (D-OR), Patty Murray (D-WA), Bernie Sanders (I-VT), Adam Schiff (D-CA), Elissa Slotkin (D-MI), Tina Smith (D-MN), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA), and Peter Welch (D-VT).

    The full letter can be found here and below.

    Dear Secretary Hegseth,

    We write to urge that you cease any effort to close the Civilian Protection Center of Excellence at the Department of Defense. Minimizing civilian casualties in warfare is a moral duty and a strategic imperative.

    We remind you that the Civilian Protection Center of Excellence (“the Center”) was established by Congress, fully funded by Congress in each of the last two fiscal years, and the law requires you to operate it. Congress established the Center, with overwhelming bipartisan support, in 2022. Its purpose, per 10 U.S. Code § 184, is to “institutionalize and advance knowledge, practices, and tools for preventing, mitigating, and responding to civilian harm” that result “from military operations involving the United States Armed Forces.” It was established in response to an inquiry led by previous Secretary of Defense James N. Mattis into civilian casualties that resulted from U.S. airstrikes in Iraq.

    Nevertheless, public reporting indicates that the Trump Administration is preparing to “abolish” the Center. Regardless of your personal views regarding the importance of reducing civilian casualties, neither you nor the President have such authority.

    Reducing civilian casualties in warfare is an obvious moral imperative necessary for its own sake. But it is also a strategic imperative. The credibility of U.S. foreign policy flows not just from our raw military power but also from our reputation as a nation that values innocent life and protects noncombatants. When American forces deploy, the world should understand that they are not just the most lethal and capable force in human history, but also that their operations are conducted consistent with the highest moral and humanitarian standards. Furthermore, U.S. forces’ freedom of maneuver and the sustainability of deployments in complex environments often depends upon the trust and good faith of the local civilian population.

    We urge you to support the work of the Civilian Protection Center of Excellence, and not to undo years of work by your predecessors to ensure the United States military remains the most capable, responsible, and respected in the world.

    Sincerely,

    MIL OSI USA News –

  • MIL-OSI USA: Alford Reintroduces American Land and Property Protection Act

    Source: United States House of Representatives – Representative Mark Alford (Missouri 4th District)

    Today, Congressman Mark Alford (MO-04) reintroduced the American Land and Property Protection Act. This commonsense legislation will prevent foreign adversaries from purchasing real estate of any kind in the United States.

    The American Land and Property Protection Act would specifically prohibit nonresident aliens, foreign businesses, an agent, trustee, or fiduciaries associated with China, Russia, Iran, and North Korea, as well as designated Foreign Terrorist Organizations, from purchasing land in America.

    “Our foreign adversaries have no business owning American land,” said Congressman Alford. “Unfortunately, we continue to see concerning reports of people associated with China and Russia purchasing U.S. real estate. We need real action to end these transactions once and for all. The American Land and Property is a commonsense step toward protecting the homeland.”

    Read the full text of the legislation here.

    ###

    MIL OSI USA News –

  • MIL-OSI Canada: Prime Minister Carney speaks with Crown Prince and Prime Minister of Saudi Arabia His Royal Highness Mohammed bin Salman

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, spoke with the Crown Prince and Prime Minister of Saudi Arabia, His Royal Highness Mohammed bin Salman.

    The leaders discussed energy security and deepening bilateral trade. They agreed on the imperative of a sustainable peace in the Middle East.

    The Prime Minister and the Crown Prince agreed to remain in close contact.

    Associated Link

    MIL OSI Canada News –

  • MIL-OSI: Amplify Energy Announces Successful Borrowing Base Redetermination

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 29, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination. The redetermination affirmed the borrowing base at $145 million. The next regularly scheduled borrowing base redetermination is expected to occur in the fourth quarter of 2025.

    Martyn Willsher, Amplify’s President and Chief Executive Officer commented, “I would like to express my appreciation to our syndicate of lenders for reaffirming our $145 million borrowing base, despite recent commodity price volatility. As previously discussed, Amplify intends to remain focused on generating free cash flow and managing liquidity through our strong hedge positions and cost reduction efforts while evaluating portfolio optimization opportunities, which may facilitate the acceleration of our development program at Beta.”

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), East Texas / North Louisiana, and the Eagle Ford (Non-op). For more information, visit www.amplifyenergy.com.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the Company’s upcoming 2025 Annual Meeting of Stockholders, expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its affiliates. Please read the Company’s filings with the Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Investor Relations Contacts

    Jim Frew — SVP & Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    The MIL Network –

  • MIL-OSI Canada: Prime Minister Mark Carney speaks with Crown Prince and Prime Minister of Saudi Arabia His Royal Highness Mohammed bin Salman

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, spoke with the Crown Prince and Prime Minister of Saudi Arabia, His Royal Highness Mohammed bin Salman.

    The leaders discussed energy security and deepening bilateral trade. They agreed on the imperative of a sustainable peace in the Middle East.

    The Prime Minister and the Crown Prince agreed to remain in close contact.

    Associated Link

    MIL OSI Canada News –

  • MIL-OSI Global: The debate over genocide claims in relation to Gaza intensifies

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    In the past few days, discussion around whether Israel is committing acts of genocide in Gaza has intensified. On May 28 The Guardian reported that “380 writers and groups” had signed an open letter calling Israel’s military campaign in Gaza “genocide”. The letter reads, in part:

    The use of the words ‘genocide’ or ‘acts of genocide’ to describe what is happening in Gaza is no longer debated by international legal experts or human rights organizations.

    This followed news of a letter to the UK prime minister, Keir Starmer, signed by more than 800 lawyers, including former supreme court justices, calling on the prime minister to impose sanctions on the Israeli government.

    “There is mounting evidence of genocide, which is either being perpetrated or at a minimum at serious risk of occurring,” the letter stated, adding that a recent statement from Israel’s finance minister Belazel Smotrich that the Israel Defense Forces would “wipe out” what remains of Palestinian Gaza was an indication of genocidal intent.

    One of the signatories was Professor Guy Goodwin-Gill, a senior research fellow at All Souls College, Oxford, who has a track record of expertise in international humanitarian law. The Conversation spoke with him to discuss the issue. He said:

    There is no doubt in my mind that war crimes have been committed and although genocide is basically an extreme form of war crime, it can be notoriously difficult to establish intent to destroy a people, in part or in whole.

    The task of proving genocide is hard enough, but [in this case] the evidence can be gathered from the facts on the ground – they speak for themselves. And intent can be inferred from what politicians and officials actually say, especially when it is not denied or qualified.

    Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.

    But he said he had “reservations about whether, at an inter-state level, a charge of genocide would be levelled against Israel by more than a few states. And if it succeeded, the legal and political consequences.”

    But individual prosecutions for war crimes and genocide are “always a distinct possibility,” he added.

    In fact, the crime of genocide has only been recognised on a handful of occasions since it was first established in 1948. James Sweeney, an expert in international law from Lancaster University has written a brief history of genocide.



    Read more:
    Why have so few atrocities ever been recognised as genocide?

    Meanwhile, in the West Bank city of Jenin, IDF forces sparked international outrage when they fired “warning shots” closer to a group of 25 diplomats on a fact-finding visit in the wake of an Israeli military offensive there.

    Andrew Forde, an expert in international humanitarian law at Dublin City University, considers that this act “crossed the Rubicon”, which is the convention, universally accepted over millennia, of the inviolability of diplomats and their staff. It’s a clear breach, he writes of article 29 of the Vienna convention on diplomatic relations, to which Israel is a signatory, which states that the host state “shall take all appropriate steps to prevent any attack on [their] person, freedom or dignity”.

    Israel responded by offering an apology, but claimed that the diplomats in question had “deviated from the approved route” by entering a restricted area”.

    The incident forced the group of diplomats to scramble for cover and hindered their work in Jenin, Forde writes. As such it is a flagrant breach of Israel’s duty of care. And it sets a dangerous precedent: “Diplomatic protections work effectively when they are reciprocal. Without trust, the system quickly unravels.”



    Read more:
    IDF firing ‘warning shots’ near diplomats sets an unacceptable precedent in international relations

    Israel’s campaign in Gaza is a factor in a hugely complex situation being played out at present in the Middle East, which is straining the relationship between Benjamin Netanyahu and Donald Trump. The US president is talking up the idea of signing a new nuclear deal with Iran to replace the one he withdrew from in 2018. The Israeli prime minister is bitterly opposed to an US-Iran deal and has proposed launching strikes against Iran’s nuclear installations. The pair reportedly clashed over the issue in a phone call this week.

    But Trump recently returned from a trip to the Gulf States, none of which want the sort of regional conflagration that Israeli strikes on Iran could cause. And, as Scott Lucas of University College Dublin writes, he is also very keen to burnish his credentials as a dealmaker, especially in light of his failure to bring the Ukraine war to a close within 24 hours and the failure of the ceasefire in Gaza for which he has claimed much of the credit.

    As Lucas writes, “even as Trump does what he wants over Iran to Netanyahu’s chagrin, the Israeli prime minister is finding that Trump is not restricting what he does closer to home in Gaza”.



    Read more:
    Why are the US and Israel not on the same page over how to deal with Iran? Expert Q&A

    Ukraine: as the US falters, Germany steps up

    Volodymr Zelensky flew to Berlin this week where he met the German chancellor Friedrich Merz, who said Germany would work with Ukraine to develop long-range missiles to attack targets inside Russia. It’s part of an overall plan to expand Germany’s military into the “strongest conventional army in Europe”.

    Stefan Wolff believes Germany’s decision to step up both its military capabilities and its support for Ukraine is highly significant when considered in the context of Donald Trump’s recent threats to abandon his efforts to broker a peace deal between Moscow and Kyiv.

    Wolff, an expert in international security from the University of Birmingham, who has written regularly for The Conversation about the war in Ukraine, says here that “Berlin has the financial muscle and the technological and industrial potential to make Europe more of a peer to the US when it comes to defence spending and burden sharing.” Given the US decision to downscale its security presence in Europe, this could be of enormous consequence for Nato, he writes.



    Read more:
    Germany steps up to replace ‘unreliable’ US as guarantor of European security

    This is also an important development coming, as it does, just a few weeks before Nato’s summit in The Hague on June 24-25. As Amelia Hadfield writes, most of Nato’s members will be only too aware of Trump’s disparagement of Nato and many of its members in recent times and will be considering the potential for a future without US leadership.

    Hadfield, the head of the department of politics at the University of Surrey, notes the irony of Washington calling on the European Nato members to pay more for their own defence. Over much of the lifetime of the alliance, she writes, the US has actively discouraged European defence autonomy. Now, she says, the focus of Nato’s 31 other members must be to prepare for the likelihood that the US plans to at least significantly reduce its support for the alliance in Europe. “A clear mandate is needed, to ensure that being US-less does not render Nato itself useless,” she writes.

    This is already starting to happen, as countries join the “coalition of the willing” spearheaded by Britain and France. But Hadfield believes that boosting European capabilities within Nato is the most sensible way forward and should be the focus of next month’s summit.



    Read more:
    Nato faces a make-or-break decision about how to protect Europe and its future in next few weeks

    A lesson from history

    Donald Trump’s on again off-again relationship with Vladimir Putin is confusing enough for casual followers of world affairs. It must present a considerable headache for the foreign ministers and other diplomats tasked with calibrating their policies around the US stance on Russian aggression.

    But history suggests that the US president’s apparent willingness to allow Russia to grab Ukrainian territory in direct contravention of international law is storing up trouble for the future, writes Tim Luckhurst.

    Luckhurst is the principal of South College, Durham University, and has made a study of the way some governments were happy to allow Hitler to get away with naked aggression in the run-up to the second world war. He sees direct parallels with the way Trump and his senior officials have proposed allowing Putin to have his way with the Crimea and the four provinces of Ukraine which Russia already occupies.

    “Chamberlain’s version of appeasement failed to prevent Adolf Hitler’s aggression in the 20th century,” he writes. “Trump’s version appears equally incapable of deterring Vladimir Putin’s territorial ambitions in the 21st.”



    Read more:
    History shows that Donald Trump is making a serious error in appeasing Vladimir Putin

    World Affairs Briefing from The Conversation UK is available as a weekly email newsletter. Click here to get updates directly in your inbox.

    – ref. The debate over genocide claims in relation to Gaza intensifies – https://theconversation.com/the-debate-over-genocide-claims-in-relation-to-gaza-intensifies-257847

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Hamas says it has received a new proposal from US special envoy S. Witkoff on a ceasefire in Gaza

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    GAZA, May 29 (Xinhua) — Palestinian Hamas movement said on Thursday that its leadership has received through intermediaries a new proposal from U.S. Special Envoy for the Middle East Steven Witkoff on a ceasefire in the Gaza Strip and is currently studying it.

    “The Hamas leadership received from the mediators a new proposal from S. Witkoff and is responsibly studying it with the aim of ensuring that it meets the interests of our people, provides assistance and ensures a permanent ceasefire in the Gaza Strip,” the movement said in a brief statement.

    Details of the proposal were not disclosed.

    Earlier on Wednesday, Hamas said in an official statement that it had reached an agreement with Witkoff on the general framework for a ceasefire in Gaza, which includes a full withdrawal of Israeli troops from the Palestinian enclave, an exchange of 10 Israeli hostages and several bodies of the dead for Palestinian prisoners, the delivery of humanitarian aid and the transfer of governance of the strip to a technical committee. –0–

    MIL OSI Russia News –