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Exxaro fulfills yearly corporate sustainability initiative obligations

By: Simone Liedtke     22nd October 2021 South African coal and heavy minerals miner Exxaro Resources has fulfilled its yearly obligations as a signatory of the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. Exxaro recently delivered its UNGC Communication on Progress (COP) document, which... 

South Africa to set up finance workstream to assess climate-finance offers 

By: Terence Creamer     22nd October 2021 The South African government is set to establish a high-level technical workstream, which will work under the direction of a Cabinet subcommittee, to evaluate possible concessional finance offers that could be made in support of the country’s just energy transition strategy. The workstream is yet... 

Polish miners take to Luxembourg streets in mine closure protest

By: Bloomberg     22nd October 2021 A group of about 2 000 Polish miners has traveled more than 800 km to Luxembourg to protest against the decision of the European Court of Justice to halt production at their lignite mine. The Friday demonstration, heavily guarded by the Luxembourg and Belgian police, comes five months after the... 

Metals rebound as world's energy crisis keeps roiling the market

By: Bloomberg     22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

India considering strategic reserves for imported coal

By: Reuters     22nd October 2021 India is considering maintaining strategic reserves of natural gas and imported coal to address future supply shocks, a senior Power Ministry official said on Thursday, as the energy hungry nation battles a crippling coal shortage. A surge in power demand combined with a fall in imports due to... 

Indonesia 2021 coal output seen at 610Mt, below target

By: Reuters     22nd October 2021 Indonesia is likely to miss its coal output target this year, an Energy Ministry official said on Friday. Heavy rains are slowing mine and port operations in Indonesia, the world's biggest exporter of coal used for power generation, mining executives have told Reuters. Production is expected... 

Australian coal giant turns China ban into a win with shipments from US

By: Bloomberg     22nd October 2021 China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources, one of the world’s top producers of the metallurgical variety that’s key to steelmaking. With mines from the Appalachian mountains in the US to Australia’s Bowen Basin, geographical diversity... 

Net-zero action plan for SA mines

By: Simone Liedtke     22nd October 2021 The Minerals Council South Africa is developing a Net Zero 2050 Action Plan and pathway towards achieving the goal of net zero greenhouse-gas (GHG) emissions. The action plan for mining will include the central pillars of increasing the share of investment in renewable energy sources; research,... 

What crisis?

By: Terence Creamer     22nd October 2021 South Africa has experienced yet another terrible year of electricity supply disruption. Even before the most recent bout of power cuts in October, the Council for Scientific and Industrial Research had indicated that load-shedding during the first half of 2021 was equivalent to more than 70% of... 

Minerals Council says collaboration is key to unlocking growth-supporting infrastructure

By: Nadine James     22nd October 2021 There have been positive developments since the introduction of the Economic Reconstruction and Recovery Plan in October last year, and while implementation has been delayed, continued engagement between Minerals Council South Africa and government, as well as the current commodities price... 

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