“Norway’s ratification will help millions of children, women and men reclaim their freedom and dignity. It represents a strong call to other member States to renew their commitment to protect forced labourers, where ever they may be,” said ILO Director-General Guy Ryder in a news release.Following the Norwegian Government’s action, the new framework will come into force on 9 November 2016, the news release said.According to ILO, the Forced Labour Convention was supplemented when government, employer and worker delegates at the International Labour Conference (ILC) voted overwhelmingly to adopt a Protocol and Recommendation in 2014.Further, the Organization said that the new Protocol added new measures to the existing Forced Labour Convention (1930), such as provisions on prevention, protection and access to justice, as well as requiring public and private employers to exercise “due diligence” to avoid modern slavery in their business practices and supply chains. “It is important for all countries to recognize the issue of modern slavery and that it must be a top priority on their agendas to eradicate it once and for all,” said Norway’s Ambassador to the United Nations and other international organizations Steffen Kongstad.Approximately 21 million people are victims of forced labour around the world, generating approximately $150 billion a year in illicit profits, according to ILO evaluations.ILO explained that the victims are exploited in agriculture, fishing, domestic work, construction, manufacturing, mining and other economic activities and women and girls, in particular, are subjected to commercial sexual exploitation. According ILO research, forced labour is not an issue only in developing countries as profits from the forced labour industry are higher in developed economies and the European Union than they are anywhere else in the world. ILO recently launched a new global campaign in partnership with the International Organization of Employers (IOE) and the International Trade Union Confederation (ITUC), to promote ratification of the Protocol in an effort to end modern slavery.The campaign 50 for Freedom aims to mobilize public support and influence in at least 50 countries to ratify the Forced Labour Protocol by 2018.
As the first of many software releases slated for the current quarter, RungePincockMinarco’s latest XERAS release continues to enhance its user experience in strategic financial modelling. “A uniquely versatile financial modelling solution, XERAS is adept at handling short to medium budgeting requirements as well as complete life of mine planning. It has been mining’s trusted financial modelling solution for almost 20 years.” the company says. “This latest release adds innovations to save time and effort, new features and improvements to the popular Navigator pane as well as improvements for the calendar, quick charts, and graphing tools.”The Navigator pane, introduced to XERAS in early 2012, quickly guides users through the complexities of financial modelling using pre-defined workflows and shortcuts. Financial plans can be created with ease making XERAS highly usable for frequent and infrequent users.RungePincockMinarco’s technical experts can tailor Navigator workflows as templates to suit clients’ unique business processes, while power users can create their own. Existing templates can also be altered to help new and infrequent users of XERAS.Darren Rostron, XERAS Product Manager explained, “This new release of XERAS reaffirms our commitment to improving the user experience of XERAS for our customers. Through its usability and meaningful, logical structure, financial models prepared in XERAS continue to set the standard of rigorous financial discipline and corporate governance. By implementing XERAS early on in your mining operation, you set the standard for the life of your mine.”XERAS 7.12.1 is now available globally to both new and existing users.