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Beowulf CEO seeks answers from Swedish govt on iron-ore mine application
Published: 15 Jun 21
London-listed Beowulf Mining CEO Kurt Budge has again written to the Swedish government seeking clarity on when a decision regarding its Kallak North iron-ore permit application will be forthcoming. Beowulf applied for an exploitation concession eight years ago and has since been struggling to move permitting across the finish line. In his letter to Enterprise and Innovation Minister Ibrahim Baylan, Budge says that since Beowulf’s application was returned to the government in the middle of 2017, there has been no transparent or predictable process.
Eurasia progresses Russia PGMs and battery metals JV
Published: 15 Jun 21
London-listed Eurasia Mining is progressing plans to create a “globally significant” platinum group metals (PGMs) and battery metals company with partner Rosegeo. Eurasia announced on Tuesday that it had created the first joint venture (JV) company, Monchegorskoe, to hold the licence for the Nyud openpit PGM and battery metals deposit. A Eurasia subsidiary would become a 75% shareholder in Monchegorskoe, after Rosgeo transferred the licence for Nyud. The company would have the right to acquire the remaining shareholding in the JV upon completion of a code-compliant competent persons report.
Global stock-taking report points to only modest renewables gains in total final energy consumption Global stock-taking report points to only modest renewables gains in total final energy consumption
Published: 15 Jun 21
A new international stock-take of the global transition to renewable energy highlights an “alarming gap between targets and actions” with the share of fossil fuels in energy consumption failing to decrease for the tenth consecutive year in 2020, despite a 4% Covid-linked fall in demand. Published by REN21, the ‘Renewables 2021 Global Status Report’ shows that modern renewable energy (excluding the traditional use of biomass) accounted for an estimated 11.2% of total final energy consumption (TFEC), up from 8.7% a decade earlier.
VW CEO chides G7 Leaders for failing to set coal phase-out date
Published: 15 Jun 21
Volkswagen’s CEO criticized Group of Seven (G7) leaders for failing to set a firm date to phase out coal power, saying it’s senseless to let electric vehicles run on dirty energy. “That’s not enough, @G7. Disappointing outcome,” VW CEO Herbert Diess tweeted Tuesday. “We need to exit coal much earlier! EVs are key to reach the climate goals 2030. But EVs only make sense with green energy, letting EVs run on coal is regulatory nonsense.”
Big oil must work harder to slash Africa emissions, WoodMac says
Published: 15 Jun 21
Oil majors need to curb emissions in sub-Saharan Africa -- where almost half of their most polluting assets are located -- as investors demand greater efforts to slash carbon output, according to Wood Mackenzie. Crucially, the companies must reduce gas flaring -- the process of burning off gas pumped out with oil -- and pollution from new liquefied natural gas plants, the UK consulting firm said in a report. While the region accounts for just a fraction of global oil and gas emissions, on a per-barrel basis it’s second only to Australia as the most intensive greenhouse-gas producer, WoodMac said.
South African ferrochrome furnaces need to regain competitive advantage, warns Roskill South African ferrochrome furnaces need to regain competitive advantage, warns Roskill
Published: 15 Jun 21
The South African ferrochrome industry has benefitted from recent events in China, which commodity research consultancy Roskill says has removed significant global capacity through the closure of small furnaces. While higher-cost furnaces in southern China have been able to fill the short-term gap, the demand expectations will require South African plants to remain operational throughout this year.
Abra gets a positive FID
Published: 15 Jun 21
ASX-listed Galena Mining has taken a positive investment decision on the A$170-million Abra base metals joint venture (JV), in Western Australia. The company on Tuesday told shareholders that first production from Abra is scheduled for the first quarter of 2023.
Ionic starts Phase 4 of drilling programme at Uganda project
Published: 15 Jun 21
ASX-listed Ionic Rare Earths has started Phase 4 of its drill programme at its majority-owned Makuutu rare earth project, in Uganda. Ionic owns 51% of the project.
Smart irrigation tech grows presence in South African market Smart irrigation tech grows presence in South African market
Published: 15 Jun 21
Precision agriculture company SupPlant has raised $10-million to widen the reach of its smart irrigation technology in the South African market. The company partnered with private equity firm Boresight Capital, social impact fund Menomadin Foundation, Israel-listed Smart-Agro Fund and Israel-based investment company Mivtah Shamir on the company’s latest fundraising round, bringing its total funding to $19-million.
APDP Phase 2 to take effect on July 1
Published: 15 Jun 21
Trade, Industry and Competition Minister Ebrahim Patel has advised that amendments to the Automotive Production and Development Programme (APDP) will be gazetted on June 25 and implemented from July 1. The APDP is an automotive industry support policy consisting of rebates and refunds of certain customs duties.
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