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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.
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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.
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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.
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Panama to bar First Quantum from mining copper during closure process
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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.
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Harmony reports second fatality in a week
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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).
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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.
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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.
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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.
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green hydrogen platinum group metals 2030 winter Olympics
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Manook stresses importance of abated coal in energy future of many nations
Published: 03 May 24
Global coal organisation FutureCoal has suggested that world leaders follow a balanced, pragmatic and responsible approach to energy policy, following an announcement by the Group of Seven (G7) forum that unabated coal will be phased out by 2035. The announcement was made at a G7 Ministerial meeting on climate, energy and environment matters.
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CSIR Coastal Engineers help ports and ship owners with physical and computer model tests
Published: 03 May 24
Although South African ports are sheltered from swell waves, three of them – Cape Town, Ngqura and Saldanha – can and do experience what are called infra-gravity waves. These are a category of gravity waves, which are waves travelling along the surface of the sea (where it interfaced with the atmosphere, technically another ‘fluid’) and whose dynamics are dominated by the effects of gravity. Infra-gravity waves are distinguished by having periods of greater than 30 seconds. Researchers at the Council for Scientific and Industrial Research’s (CSIR’s) Coastal and Hydraulics Laboratory, in Stellenbosch, in the Western Cape province, also referred to infra-gravity waves as ‘long waves’. These waves, CSIR senior technologist Chris Troch explained, could create resonance in the waters of harbour basins. In turn, this resonance could cause severe ship motions (in moored vessels), which disrupted the loading and unloading of cargo.
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Renergen successfully producing liquid helium at Virginia project
Published: 06 May 24
ASX- and JSE-listed gas producer Renergen is now able to liquify helium in batches from its wells at the Virginia gas project, in South Africa’s...
