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Climate commission model points to the growth potential of green industrialisation

Published: 06 May 24

The initial direct cost of placing South Africa on an energy transition pathway over the coming five years in line with its decarbonisation targets is calculated at a hefty R1.5-trillion in the Just Energy Transition Investment Plan (JET-IP). Less visible, however, are the socioeconomic costs associated with failing to pursue the Nationally Determined Contribution (NDC) goal of reducing carbon dioxide-equivalent (CO2-eq) emissions to the lower end of the NDC range of between 420-million and 350-million CO2-eq tons in 2030.

Rio Tinto has long admired Anglo’s Collahuasi copper mine in Chile.

BHP’s biggest rivals sit on the sidelines of Anglo M&A drama

Published: 06 May 24

Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American will play out. Both Rio Tinto Group and Glencore are more focused on waiting for opportunities to snap up specific parts of Anglo’s business as BHP’s bid unfolds, rather than pursuing rival offers for the entire group.

Costa Fuego is one of a limited number of globally significant copper developments not owned by a major mining company.

Hot Chili arranges nearly A$30m for Chile copper project

Published: 06 May 24

ASX-listed copper miner Hot Chili has arranged about A$30-million in funding to accelerate its Costa Fuego copper project, located in the coastal range of Chile. The company, which also trades on the TSX-V, arranged a A$24.9-million private placement to institutional and professional investors through the issue of 24.9-million fully paid ordinary shares at A$1 each.

Mulino will inherit the controversy surrounding the Cobre Panama copper mine.

Panama's Mulino wins Presidency with support from convicted former leader

Published: 06 May 24

PANAMA CITY - Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who buttressed his campaign despite being holed up in Nicaragua's embassy. Mulino, 64, was one of the favorites for the presidency after he stepped in to replace Martinelli on the ballot when the former president was barred from running due to a money laundering conviction.

Panama to bar First Quantum from mining copper during closure process

Published: 03 May 24

Panama will bar First Quantum from extracting copper during the closure of the mine it lost the rights to run last year, the country's Trade Minister Jorge Rivera Staff told Reuters, adding that new ways need to be found to finance the mine's shutdown. Miners around the world tend to keep mining during closure processes as they use those profits to finance shutdowns, but such a move is off the table in the case of Cobre Panama, Rivera Staff said in an interview on Thursday.

Harmony reports second fatality in a week

Published: 03 May 24

A rock drill operator has died following a fall-of-ground incident at Harmony Gold Mining Company's Doornkop mine, in Gauteng, on May 2. “We are deeply saddened by this loss of one of our colleagues. At Harmony, safety is our foremost priority. A safe mine is a productive one – never the other way around. These tragedies serve as a harsh reminder that we can never be complacent and much more still needs to be done to achieve our goal of zero loss-of life.

Wind energy critical to bolster energy capacity – SAWEA

Published: 03 May 24

Despite recent efforts to bolster electricity generation capacity, the path to energy security remains full of obstacles. The integration of renewable energy, particularly wind power, is critical to these efforts, says the South African Wind Energy Association (SAWEA).

Pioneer solution converts paper sludge, food and textile waste into bioethanol

Published: 03 May 24

A pioneering solution has been developed to convert cellulose fibre-rich waste from pulp and paper mill operations into ethanol using a specialised fermentation process. The solution was announced by the Paper Manufacturers Association of South Africa (Pamsa), in collaboration with Stellenbosch University (SU), Sappi Southern Africa and Mpact.

Anglo CEO meets South Africa's mines minister after BHP's takeover proposal

Published: 03 May 24

Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source familiar with the matter told Reuters. BHP, the world's biggest-listed mining group, is privately talking to investors as it weighs up its next move after Anglo's rejection of its initial proposal.

Platinum metals support every step of green hydrogen’s decarbonisation of the world.

Platinum-based green hydrogen emerging as Winter Olympics decarbonisation pillar

Published: 03 May 24

Green hydrogen, which is generated with the benefit of the catalysis that platinum group metals (PGMs) provide, is being increasingly highlighted as a pillar of the global decarbonisation transition that is poised to save the world from ruinous climate change. News just out is that steps are being taken to locate a green hydrogen production facility in a location where the 2030 Winter Olympics are to be held in the French Alps.