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Unpacking the conditions for meeting burgeoning copper demand
Published: 31 May 24
With copper demand expected to increase from 28.3-million tonnes in 2020 to 41-million tonnes by 2040 at a compound yearly growth rate of 1.85%, and many regions gearing up supply chains for critical metals, JSE- and ASX-listed Orion Minerals CEO and MD Errol Smart says it will be the responsible mining companies that will rise to the demand challenge and be competitive in the market. Copper mining sites globally have “less than satisfactory” environmental and social management practices, but funders and offtakers are increasingly supporting mining companies with solid environmental, social and governance (ESG) credentials, he tells Engineering News & Mining Weekly.
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Arizona Hydrogen, US
Published: 31 May 24
Fortescue plans to build a hydrogen facility with a capacity of 11 000 t/y of liquid green hydrogen.
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Aldenhoven Wind Farm, Germany
Published: 31 May 24
RWE Renewables Europe & Australia plans to build a wind farm on recultivated areas of the Inden opencast mine in the Düren district.
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Cape Town’s Copperheads recover 1.7 t of stolen metal
Published: 31 May 24
The City of Cape Town (CoCT) says it has recovered more than 1.7 t of stolen metal in the nine months between July last year and March this year. This effort was led by the city’s Metals Theft Unit, also known as the Copperheads, following a wave of cable theft, particularly linked to streetlights.
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HVACR firm acquired to bolster portfolio
Published: 31 May 24
As a way of meeting the growing need for energy efficient heating and cooling solutions, South African corporate and investment bank Rand Merchant Bank (RMB) Corvest has partnered with UK investment firm Bay Tree Private Equity and alternative investment funds manager and adviser Westbrooke Alternative Asset Management to acquire component supplier Hawco. Hawco, based in the UK, supplies components for heating, ventilation, air-conditioning and refrigeration (HVACR) systems, as well as for vending machinery and industrial HVACR clients, and supplies commercial refrigeration and air-conditioning systems.
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