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COP29 climate summit host Azerbaijan defends oil and gas investments

Published: 26 Apr 24

Azerbaijan, host of this year's UN climate summit, will defend the right of oil and gas producing nations to invest in the sector, the country's president said on Friday, noting that despite climate targets, fossil fuel demand remains strong. As the host of the United Nations COP29 climate summit in November, Azerbaijan will oversee negotiations among nearly 200 countries on how to raise more finance to combat climate change and reduce the greenhouse gas emissions heating the planet.

Kibo subsidiary progressing Pyebridge asset

Published: 26 Apr 24

Kibo Energy’s subsidiary, Mast Energy Developments (MED), has received official confirmation that its Pyebridge 9 MW flexible power generation asset in England has passed its satisfactory performance days (SPD) requirements under its current existing T-1 capacity market (CM) contract. This means that Pyebridge will retain the current CM contract’s associated yearly gross profit margin income of about £308 000 which is paid and received monthly in arrears.

Nene steps down as MC Mining chair

Published: 26 Apr 24

South Africa-focused coal company MC Mining on Friday announced the resignation of Nhlanhla Nene as director and chairperson of the board. Nene joined the company on April 11, 2022, initially serving as a nonexeuctive director and then as chairperson from April 28, 2022.

Namibian Environment, Forestry and Tourism Minister Pohamba Shifeta officially opens the new $1.2-million plastic flaking plant in Okhanja

Coca Cola’s Namibia recycling partnership turns bottles into brighter futures

Published: 26 Apr 24

An investment of more than $1.2-million through a partnership between Coca-Cola Beverages Africa (CCBA) and plastic packaging company Plastic Packaging has culminated in the opening of a new polyethylene terephthalate (PET) flaking plant in Okahandja, Namibia. The plant is expected to double the capacity of the only mechanical recycler of plastic waste in the country.

AWU raises concern over Glencore Mt Isa incident, two workers critical

Published: 26 Apr 24

The Australian Workers’ Union (AWU) has voiced serious concerns following an incident at Glencore’s copper smelter in Mount Isa, which left two workers in critical condition. “Tough questions need to be asked about how an incident like this has occurred,” stated AWU Queensland Secretary Stacey Schinnerl, expressing deep concern over the incident.

Copper shares soar and green hydrogen goes digital

Published: 26 Apr 24

Mining Weekly Editor Martin Creamer unpacks Copper 360’s shares rising more than 26% after it shipped concentrates from the Northern Cape; Orion Minerals shares rocketing to 58% on the Australian Stock Exchange; and the new digital system that can be used to buy and sell green hydrogen.

Cover image for Creamer Media's Africa Mining Pip 2024

Africa Mining Projects in Progress 2024

Published: 26 Apr 24

There is a significant, virtually unparalleled opportunity and “appetite” for Africa’s minerals and metals. Consequently, Africa potentially stands to benefit considerably from this minerals windfall owing to its vast resources and reserves. Creamer Media’s ‘Africa Mining Projects in Progress 2024’ report covers almost 40 mining projects across Central, East, North, Southern and West Africa, all offering very compelling mining propositions given the demand for the minerals and metals required for the worldwide shift towards renewable energy, which is projected to increase threefold by 2040.

Anglo American chairperson Stuart Chambers

Anglo snubs BHP’s ‘highly unattractive’ proposal

Published: 26 Apr 24

Diversified miner Anglo American has firmly rebuffed a $38.8-billion proposal from mining heavyweight BHP, with chairperson Stuart Chambers dismissing the nonbinding offer as “highly unattractive”. In a statement released on Friday, Chambers labelled the BHP proposal as opportunistic and lacking in appreciation for Anglo’s prospects.

Bannerman eyes expansion options for Namibia uranium project

Published: 26 Apr 24

As uranium developer Bannerman Resources progresses with its plans for an initial eight-million-tonne-a-year Etango project, in Namibia, it is casting its gaze towards a broader horizon. The company has started to delve into potential expansion options, aiming for a larger-scale operation in the future. The ASX-listed junior recently completed a scoping study that looks at the long-term optionality afforded by the large-scale Etango resource. Executive chairperson Brandon Munro highlighted the study’s findings, emphasising a “clear pathway” towards achieving a production capacity of 6.7-million-pound-a-year.

Wind turbines being erected at one of Koruson 1 sites

EDF Renewables, partners building 1.2 GW of low-carbon power capacity

Published: 26 Apr 24

EDF Renewables is currently leading the construction of almost 1.2 GW of low-carbon power generation capacity in South Africa, comprised of 763 MW of wind power, 355 MW of solar photovoltaic (PV) and 75 MW of battery storage. This new build programme comprises eight sites across the Northern and Eastern Cape, developed by EDF Renewables and its partners.