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Freeport-McMoRan is looking for ways to expand copper production, CEO says
Published: 12 Jun 24
US copper giant Freeport-McMoRan believes it can unlock the equivalent of a large new mine by applying new processing technology at its existing assets, according to new CEO Kathleen Quirk.
Quirk, who steps into the role on Tuesday to become the only female CEO of a major listed mining company, said in an interview that Freeport isn’t under pressure to follow rivals like BHP Group in seeking acquisitions, and will instead focus on innovation to grow production and lower costs.
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South Africa urged to integrate successful global grid-battery strategies to support roll-out
Published: 12 Jun 24
South Africa should consider ways to replicate strategies employed in regions such as South Australia and California to facilitate an accelerated uptake of grid batteries, which a new International Institute for Sustainable Development (IISD) report states can be introduced to support grid stability and bolster the flexibility required to support variable renewables generation. While stressing that solutions are “location specific”, the report, which is the second in a series by IISD, argues that some replicable strategies could include enabling battery operators to benefit from multiple revenue streams and offering specific financing mechanisms for initial projects.
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Africa added 2 GW of hydropower last year, but IHA says 90% of on-river potential untapped
Published: 12 Jun 24
Africa added over 2 GW of hydropower capacity in 2023 but 90% of the continent’s on-river hydropower potential remains untapped, a new report states. Published by the International Hydropower Association (IHA), the ‘2024 World Hydropower Outlook’ reports that Africa added more new capacity in 2023 than any region besides East Asia, where 8 586 MW was added.
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Steel billet and precision casting foundry, South Africa
Published: 14 Jun 24
Blue Marlin battery park, Belgium
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Fertiliser production and export capacity expansion project, Nigeria
Published: 14 Jun 24
Having recently confirmed a decoupling of its just energy transition strategy from the decommissioning of its coal-fired power stations, Eskom is...
Industry body calls for new govt to re-set the country’s maritime agenda
Published: 14 Jun 24
South African non-profit advocacy company, the Maritime Business Chamber (MBC), has called on the incoming seventh administration of democratic...
Probably more diamond industry uncertainty now than at any other point – Gemdax
Published: 14 Jun 24
While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever...
