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TMC produces first nickel sulphate from deep seafloor polymetallic nodules
Published: 23 Apr 24
Exploration company TMC has successfully produced nickel sulphate exclusively from seafloor polymetallic nodules. This, the Nasdaq company says, has never been accomplished before.
Conducted in collaboration with SGS Canada at its Lakefield, Ontario facility, the process involved bench-scale testing of TMC’s hydrometallurgical flowsheet design. Samples of nickel/cobalt/copper matte, produced by TMC in 2021, were used for testing.
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Invictus partners with Zim-focused gold miner to investigate gas supply to Eureka mine
Published: 23 Apr 24
ASX-listed Invictus Energy has signed a memorandum of understanding (MoU) that could lead to a maiden gas offtake agreement with Dallaglio Investments, involving the supply of gas to the Eureka gold mine, in Zimbabwe.
Invictus will supply natural gas from the Cabora Bassa project, in Zimbabwe, as feedstock for the Dallaglio’s proposed gas-to-power (GtP) plant.
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New green hydrogen trading base uplifting platinum group metals demand outlook
 Published: 23 Apr 24
The green hydrogen sector now has a digital platform on which users can buy and sell green hydrogen by the click of a button, it was announced on Tuesday. Euronext-listed Lhyfe, the French group devoted to energy transition, has begun taking of orders for green hydrogen in Europe and facilitating contacts between buyers and sellers. (Also watch attached video.)
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MAC sketches long-life vision for CSA copper mine
Published: 23 Apr 24
NYSE- and ASX-listed Metals Acquisition Limited (MAC) has announced a new resource and reserve statement for the CSA copper mine, in Australia, outlining a vision for a long-life operation.
Highlights from the resources and reserves statement include a 67% increase in mine life to 11 years, based on ore reserves only, compared with a six-year mine life in the 2022 statement.
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Boliden's profit halves as strikes, bad weather weigh
Published: 23 Apr 24
Swedish miner Boliden's first-quarter operating profit fell more than 50% as bad winter weather, lower mining grades and labour strikes weighed on earnings, it said on Tuesday.
Operating profit fell 52% to 1.62-billion Swedish crowns ($148.80-million) from 3.41-billion in the first quarter of 2023 and compared with the 1.55-billion crowns expected by analysts in an LSEG poll.
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China can't quit coal by 2040, researchers say, despite global climate goals
Published: 23 Apr 24
China's coal consumption will fall by just one-third by 2040, according to a report by a European consultancy published on Tuesday, threatening climate targets that call for phasing out much of global coal use by 2040.
The International Energy Agency has said that global coal power capacity has to be eliminated by 2040 to keep average global temperature rises within the key threshold of 1.5 degrees Celsius.
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Globeleq acquires 48.3% interest in Egypt solar plant
Published: 23 Apr 24
Independent power company Globeleq has completed the acquisition of a 48.3% equity stake in the 25 MW Winnergy solar photovoltaic (PV) plant in Egypt from Enerray, Enerray Global Solar Opportunities and Desert Technologies. The plant, which is in operation, is located within Egypt’s flagship Benban Solar complex, near Aswan, and is adjacent to Globeleq’s 66 MW ARC solar plant.
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Cisco launches AI-powered Hypershield service to protect modern data centres
Published: 23 Apr 24
Networking and security multinational Cisco has launched its Hypershield service, which is a cloud-native, artificial intelligence- (AI-) powered approach to highly distributed security for AI-scale data centres that is built into the fabric of the network, says Cisco executive VP and security and collaboration GM Jeetu Patel. Hypershield is a new security architecture that is built with technology originally developed for hyperscale public clouds. It is now available to enterprise information technology teams of all sizes.
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Macroeconomic factors dampen Sasol’s year-to-date performance
Published: 23 Apr 24
NYSE- and JSE-listed petrochemicals company Sasol says its energy business benefitted from higher basic fuel prices, as well as improved refining margins towards the end of the nine months ended March 31, which helped to offset operational headwinds at the group’s mining and Secunda operations.
Sasol’s mining productivity has improved albeit at a slower pace than expected. The group expects to meet the lower end of its coal productivity guidance range of between 975 t and 1 100 t per continuous miner per shift for the full-year ending on June 30.
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HySHiFT sustainable aviation fuel project, South Africa – update
Published: 19 Apr 24
Natrium reactor demonstration project, US – update
Published: 19 Apr 24
Rooiwal Waste Water Works repair and upgrade, South Africa – update
Published: 19 Apr 24
Rare earths miner Lynas has added another A$70-million to the final cost estimate of its delayed Kalgoorlie processing facility, with the full cost...
Equinox acquires full ownership of Greenstone for $995m
Published: 24 Apr 24
Vancouver-based Equinox Gold has announced the acquisition of Orion Mine Finance’s 40% interest in Greenstone Gold Mine for $955-million. This...
LME moves to stop gaming of Russian aluminium sanctions-based rule
Published: 24 Apr 24
The London Metal Exchange (LME) moved on Tuesday to stop traders from taking Russian aluminium from its approved warehouses and returning it at a...
