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Australia nailing its colours to coal mast, despite call to halt its use for power generation by 2050

By: Esmarie Iannucci     22nd February 2019 Amid rising electricity costs and flailing power supplies across the East Coast of Australia, the country’s government is standing firm on its decision to keep coal as one of its main sources of electricity generation. Australia’s East Coast is facing a plethora of electricity issues, with... 

Another fuel levy increase lies ahead, carbon tax to be implemented 

By: Simone Liedtke     20th February 2019 A carbon tax on fuel of 9c/l on petrol and 10c/l on diesel will become effective from June 5, Finance Minister Tito Mboweni said on Wednesday. Further, the general fuel levy will increase by 15c/l for petrol and diesel from April 3, while the Road Accident Fund (RAF) levy will be increased by... 

Glencore ups low carbon transition, limits coal output

By: Martin Creamer     20th February 2019 Diversified mining company Glencore said on Wednesday that it was furthering its commitment a low carbon transition, following engagement with the investor signatories of the Climate Action 100+ initiative. As one of the world’s largest diversified mining companies, Glencore sees itself as... 

Fieldfisher advises on over US$1 billion of metals and mining deals

25th January 2019 Firm strengthens reputation as leading adviser to growing international mining and metals companies, successfully closing a string of major strategic financing and broader corporate deals in testing market conditions. European law firm Fieldfisher closed mining and metals deals in excess of US$1... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

Argentina set to join global mining transparency initiative

By: Reuters     15th January 2019 Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors. The global initiative, launched by... 

Climate ideals clash with coal realities at Polish-led UN talks

By: Reuters     14th December 2018 Delegates at UN climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80% of the country's electricity. Poland's decision to host the negotiations to revive the 2015 Paris agreement on phasing out fossil... 

Greenpeace Africa affirms Mpumalanga is a nitrogen dioxide air pollution hotspot

By: Marleny Arnoldi     29th October 2018 Greenpeace Africa states that analysis from satellite data between June 1 and August 31 shows that Mpumalanga is the world’s largest nitrogen dioxide air pollution hotspot across six continents. The data points to coal and transport as the two principal sources of the nitrogen dioxide air... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Climate crisis spurs UN call for $2.4tn fossil fuel shift  

By: Bloomberg     8th October 2018 The world must invest $2.4-trillion in clean energy every year through 2035 and cut the use of coal-fired power to almost nothing by 2050 to avoid catastrophic damage from climate change, according to scientists convened by the United Nations. Their report published Monday adds pressure on... 

ITE's emerging market hit takes shine off Mining Indaba deal

By: Reuters     3rd October 2018 Exhibition organiser ITE said it would buy Mining Indaba, the world's largest mining investment conference, from Euromoney, but added that the fall in the Russian rouble, Brazilian real and Turkish lira would hurt 2019 results. The warning took the shine off the Mining Indaba deal, which analysts... 

Shift to renewables to become a growing trend in the mining sector

By: Tasneem Bulbulia     10th September 2018 Owing to a reduction in renewable energy costs, the prospect of a more reliable power supply and an increasingly favourable regulatory environment in key mining markets, renewable energy is anticipated to play an increasingly important role in powering mining operations worldwide over the coming... 

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg     13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... 

French metals group Eramet warns favourable outlook could be dented by trade rows

By: Reuters     24th July 2018 A sharp rise in manganese ore and nickel prices helped Eramet post higher profits in the first half of the year, but the French metal and mining group warned on Tuesday that current favourable markets could be hurt by global trade tensions.In an interim results statement on Tuesday, Eramet... 

World's oil cushion could be stretched to the limit, IEA warns

By: Reuters     12th July 2018 The world's oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency (IEA) said on Thursday. The expected drop in Iranian crude exports this year due to renewed US sanctions, coupled with a... 

Case celebrates 60 years of loader manufacturing

6th July 2018 Having introduced the W9 four-wheel drive in 1958, construction equipment supplier Case Construction Equipment today offers a full range of compact and full-sized wheel loaders for all applications, from road building and recycling centres, to urban construction and quarries. To celebrate its... 

AngloGold says no production impact from Guinea power protests

By: Reuters     28th June 2018 AngloGold Ashanti said on Thursday that there has been no production impact at its Siguiri gold mine in Guinea despite two days of violent protests over prolonged electricity outages by communities around the mine. Youths barricaded roads, clashed with security forces and tried to force through... 

Coal is being squeezed out of power by cheap renewables

By: Bloomberg     21st June 2018 Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5-trillion of... 

Big investors urge G7 to step up climate action, shift from coal

By: Reuters     4th June 2018 Institutional investors with $26-trillion in assets under management called on Group of Seven leaders on Monday to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington. Government plans to cut greenhouse gas emissions were too weak... 

EU, US trade envoys meet on tariffs, outcome unclear

By: Reuters     30th May 2018 European Trade Commissioner Cecilia Malmstrom and US Commerce Secretary Wilbur Ross met in Paris on Wednesday to discuss looming US import tariffs on EU steel and aluminium, the European Commission said, but declined to speculate on the final outcome. US President Donald Trump has imposed... 

Ottawa buys Kinder Morgan pipeline, expansion project for C$4.5bn

By: Henry Lazenby     29th May 2018 Ottawa announced on Tuesday that it has reached agreement with pipeline builder and operator Kinder Morgan to buy the existing Trans Mountain pipeline and associated controversial expansion project for C$4.5-billion, in the clearest-yet government signal that the oil expansion project is of... 

Contrasting performances for Sub-Saharan African, European miners – BMI

By: Simone Liedtke     17th May 2018 Europe and sub-Saharan Africa are on opposite ends of BMI Research’s Mining Risk and Reward Index (RRI), as can be seen with Europe’s significantly stronger performance in country and industry risk indicators, while sub-Saharan Africa continues to lag in country reward scores. The country reward... 

Congo billionaire seeks French loan to develop iron-ore railway

By: Bloomberg     17th May 2018 Paul Obambi, a billionaire investor in the Congo Republic, is in talks with French lenders to fund a railway he’s building to export iron-ore. Obambi’s company Sapro SA is negotiating with “a consortium of banks” to finance the 450-km track that will link the southwestern town of Mayoko to a... 

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Louis Dreyfus completes $466m sale of metals unit to Chinese fund

By: Reuters     11th May 2018 Louis Dreyfus Company said on Friday it had completed the sale of its metals business to a Chinese investment fund for $466-million, as part of a push to revive profits by focusing on its core agricultural markets. Louis Dreyfus announced in December an agreement to sell LDC Metals to NCCL... 

Daimler joins China's Responsible Cobalt initiative

By: Reuters     25th April 2018 German carmaker Daimler has joined the Responsible Cobalt Initiative, a programme established under a Chinese industry body to tackle risks in the cobalt supply chain arising from artisanal mining. Cobalt consumers are under pressure to ensure the material they use is not tainted by child labour... 

Ex-Microsoft manager lands Responsible Cobalt Initiative role

By: Reuters     29th March 2018 A former manager for Microsoft Corp in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain. Christina Feng, who managed the US tech giant's programme for the responsible... 

G20 agrees to 'monitor' cryptocurrencies but no action yet

By: Reuters     21st March 2018 Financial policymakers from the world's top 20 economies agreed to keep a watchful eye on cryptocurrencies on Tuesday and opened the door to regulating the booming industry at a later stage. Wild swings in the price of Bitcoin, the best known of a myriad of digital currencies issued by private... 

Relaxed export, production quotas an 'inflection point' for Chile's lithium industry

By: Henry Lazenby     16th March 2018 In the days following conservative billionaire Sebastian Pinera being sworn in as president of Chile for a second term on Sunday, the new government is signalling a more relaxed approach to the hot-button issue of lithium production and exports. This week's announcement that the Chilean Nuclear... 

Global coal demand stagnates

16th March 2018 By 2022, global coal demand is expected to reach 5.53-billion tonnes of coal equivalent, the same as the average of the last five-year period, which means that coal use will have had a decade-long period of stagnation, according to nonprofit organisation that advocates for a clean and affordable... 

German ruling likely blessing in disguise for platinum - RBPlat 

By: Martin Creamer     6th March 2018 The German Federal Court ruling on diesel car emissions, which could cost transgressors eight-billion euros in fines a year, is seen as a likely blessing in disguise for platinum, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri said on Tuesday. The global backlash against diesel-engine cars,... 

Energy efficiency can be profit centre for mining

By: Paige Müller     23rd February 2018 South African mining companies must embrace modern energy-saving technologies and new thinking on reducing carbon emissions if they hope to remain competitive in the global commodities market, warns international energy and carbon emissions solutions specialist Ensight Energy Solutions. “Business... 

Green bonds appealing funding opportunity for mines

By: Paige Müller     23rd February 2018 The adoption of increasingly stringent renewable-energy and climate change targets globally will dramatically boost the issuance of green bonds, forecasts Fitch Group-affiliated BMI Research power and renewables head Georgina Hayden. In the wake of the landmark United Nations 2015 Paris Agreement... 

Burkina Faso seeks new partner for $1bn manganese project

By: Bloomberg     22nd February 2018 Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project. Pan African Minerals, a unit of Timis Mining, was told to stop production at the Tambao mine in 2015 following a change in... 

Eramet eyes expansion in electric vehicle metals

By: Reuters     20th February 2018 Eramet CEO Christel Bories said on Tuesday that the French mining group is looking to expand in minerals like cobalt, lithium and nickel salts linked to energy transition markets like electric vehicles. Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Junior projects lighting bright path into Africa for ‘search and solve’ group

By: Martin Creamer     26th January 2018 Motor and controls manufacturer Zest WEG Group, which designs, manufactures, markets and installs electrical products and solutions across the full electrical spectrum, is achieving great success with its new specially crafted ‘pavement pounding, search and solve’ business model that ensures... 

Urgent need to recycle, reuse natural resources – report

By: Natasha Odendaal     23rd January 2018 A new global circularity metric unveiled in Davos, Switzerland, has revealed an urgent need to use the world’s resources more efficiently and create policies and economic infrastructure that encourages the recycling and reuse of natural resources. The Circle Economy’s first ‘Circularity Gap’... 

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