Coal - Copperbelt Katanga Mining

South Africa needs $11bn to help transition from coal to renewable energy 1

South Africa needs a climate finance transaction of $11 billion to help the country transition from coal to renewable energy and to soften the blow for communities dependent on the mining and use of the fossil fuel, a University of Cape Town study said. South Africa, through state utility Eskom Holdings SOC Ltd., is almost entirely dependent on coal for electricity. The country produces the same quantity of greenhouse gases as the U.K., which has an economy eight times larger. “The study envisions a climate finance transaction of $11 billion… Read More Here

Miners relieved after DRC makes exceptions to export ban

August 23, 2020August 23, 2020 admin

The Democratic Republic of the Congo (DRC) has given mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten and tantalum concentrates after meeting the country’s biggest miners in Kinshasa. The mines ministry also announced on Saturday an export ban waiver on copper concentrate, but said the duration of that waiver is still to be determined, with companies expected to submit proposals in a week. The DRC, the world’s leading producer of cobalt and Africa’s biggest copper producer, banned exports of… Read More Here

Coal International

BHP to pay $840 million to break from coal in Chile

August 11, 2020August 11, 2020 Copperbelt Katanga News

BHP’s Escondida and Spence copper mines in northern Chile are ready to pay a total of $ 840 million for the early termination of a 2008 energy contract with a coal-fired power plant. This move follows a number of recent steps BHP had taken to become a greener miner, including carbon capture and storage, as well as other innovations like direct air capture. The local energy company AES Gener – a unit of AES Corp. – announced on Monday that the agreement signed with its Angamos plant will end in… Read More Here

Coal Cobalt Covid-19 Mining in DRC

mining companies warned against violation of human rights

June 13, 2020June 14, 2020 Copperbelt Katanga News

WITH the corona virus still a major disruption to most of the world, the pandemic has caused a lot of damage on many sectors. Trade unions have accused Mining companies operating in the Democratic Republic of the Congo (DRC) of violating mining workers’ rights in view of ending the corona virus. The mining companies have been advised to end confinement policies aimed at slowing the spread of the Corona disease as the practice infringes on human rights. Miners in the Democratic Republic of Congo are being forced to remain at… Read More Here

Coal Energy International

Virus-hit China may need more imports of coal. The tricky part – shipping it

February 7, 2020February 7, 2020 Copperbelt Katanga News

China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation that may seem positive for seaborne exporters, but in reality it may be challenging for miners to take advantage. While there may be increased demand for imported coal in China in coming weeks, the problem for major exporters such as Indonesia, Australia and the United States is going to be one of logistics. The coronavirus is starting to have an impact on supply chains and will make it more… Read More Here