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UN Antonio Guterres says climate finance is not a favour.

Climate dealmakers brace for China showdown over money at COP29

Published: 14 Jun 24

With just five months to go before the COP29 climate summit, the biggest fights are set to be over how to channel trillions of dollars from developed nations to emerging markets — and how China fits into the equation. Negotiators representing more than 190 countries convened in Bonn, Germany, this week for a meeting that typically sets the tone for the annual talks. While the atmosphere was more positive than last year — where the controversial appointment of an oil executive to lead COP28 overshadowed discussions — the gathering also made clear the scale of the challenge facing Azerbaijan, a relatively small player on the international stage that stepped in to host COP29 at the last minute.

Copper360, public markets, TotalEnergies, Air Products deal make headlines

Published: 14 Jun 24

Mining Weekly editor Martin Creamer discusses Copper 360 being on the road to produce quite a bit of cash by financial year end; why the Reserve Bank concern about the decline of public markets is a welcome development; and the 15-year TotalEnergies and Air Products deal.

Plans for piloting independent transmission projects model

Published: 14 Jun 24

Amid all the political upheaval, work is continuing with plans to pilot a model for introducing independent transmission projects. Engineering News editor Terence Creamer discusses the prospects.

DP world plans $3bn investment in African ports by 2029

Published: 14 Jun 24

DP World plans to spend $3-billion over the next three to five years on new port infrastructure in Africa to meet long-term growth that includes surging demand for critical mineral exports. “The cost of logistics and supply chain across Africa is very high relative to other global markets,” which presents a good opportunity, Mohammed Akoojee, DP World’s CEO and MD for sub-Saharan Africa, said in an interview on Bloomberg Television. The port operator is expanding in Dar es Salaam in Tanzania and has recently assessed harbors in South Africa and Kenya for potential investment.

Webber Wentzel senior associate Francois Sieberhagen

Opinion: Beware, but do not fear!

Published: 14 Jun 24

In this article, Webber Wentzel senior associate Francois Sieberhagen writes about the implications of the Supreme Court of Appeal's (SCA's) judgment in the case of Minister of Mineral Resources and Energy & Three Others vs Sustaining the Wild Coast NPC and Eight Others.

Milkor highlights its partnership with German group regarding sea surveillance UAV

Published: 14 Jun 24

South African defence company Milkor on Thursday reaffirmed its partnership with German group Aerodata, to develop a maritime surveillance version of the Milkor 380 uncrewed aerial vehicle (UAV). This partnership was first announced at the ILA Berlin Air Show 2024, last week. The Milkor 380 is a medium altitude long endurance UAV. The company is currently assembling six of the aircraft, which will all be completed by the end of this year. Deliveries of “several” of the UAVs will, the company reports, take place over the next 12 months, to undisclosed customers. The new maritime version has the designation AeroForce 380, and is basically a combination of the Milkor 380 UAV with Aerodata systems and sensors.

Vale expects tentative dam collapse settlement with Brazil authorities this month

Published: 14 Jun 24

Brazilian miner Vale expects to reach a tentative agreement by the end of this month with Brazilian federal and state authorities to settle reparations over the deadly 2015 collapse of a tailings dam, an executive said on Thursday. The Mariana dam collapse caused a wave of toxic tailings that killed 19 people. It left hundreds homeless, flooded forests and polluted the entire length of the Doce River.

enCore and JV partner Boss launch uranium production at Alta Mesa

Published: 14 Jun 24

Nasdaq- and TSX-V-listed enCore Energy has announced the successful startup of production at the Alta Mesa uranium central processing plant (CPP) and wellfield, in south Texas. With the restart of the previously producing Alta Mesa project, enCore was the only uranium producer in the US with multiple operational production facilities, it said in a statement on Thursday.

China steel demand plateaus at a decent level, Vale’s boss says

Published: 14 Jun 24

Chinese steel demand “has definitely plateaued” due to property woes, though the Asian nation’s appetite for the material is still at a “decent level,” said the head of the world’s second-largest iron-ore producer. Vale SA CEO Eduardo Bartolomeo said Thursday during an investment conference that he sees steel demand stalled for a while because China relies on real estate, though he’s expecting a move away from that industry.