Energy - Copperbelt Katanga Mining

Barrick Updates Its Evolving Emissions Reduction Target

April 14, 2021April 14, 2021 admin

Barrick Gold Corporation’s ESG strategy delivered tangible results in 2020, including an update to its greenhouse gas emissions reduction target, said president and chief executive Mark Bristow in a virtual presentation to investors on sustainability today. The presentation was the first of its kind for Barrick and coincided with the publication of Barrick’s 2020 Sustainability Report. Bristow said the company’s ESG advances last year also included zero Class 1 environmental incidents1, a new record of 79% water recycling and re-use by its operations and the introduction of fully functional community development committees… Read More Here

Energy

Barrick raises its GHG reduction target to 30% by 2030

April 9, 2021April 9, 2021 admin

Gold major Barrick Gold Corporation has raised its greenhouse-gas emissions target to 30% by 2030, from 10% previously, its 2020 Sustainability Report, published on April 8, shows. CE Mark Bristow notes that the company’s ultimate aim is to achieve net zero emissions by 2050. The company’s approach to climate risk is led by site-specific strategies based on science and operational realities, rather than hopeful aspirations, and it is constantly reviewed in light of technological advances, he adds. In 2020, Barrick’s environmental strategy paid dividends, from improved water management in Tanzania to innovative rehabilitation plans in… Read More Here

Energy

Plug Power, Chart Industries and Baker Hughes announce intentions to become cornerstone investors in FiveT Hydrogen Fund

April 8, 2021April 8, 2021 admin

Investments intend to establish market presence for the FiveT Hydrogen Fund and enable initial stages of activity. Combined investments of €260 million are part of a €1 billion Fund ambition, helping to drive development for climate change solutions and accelerate the energy transition to a net-zero future. Three companies each bring financial, strategic and technical expertise to help further develop the hydrogen economy. Plug Power (NASDAQ: PLUG), Chart Industries, Inc. (NYSE: GTLS) and Baker Hughes (NYSE: BKR), are announcing their intention to become cornerstone investors in the formation of the FiveT Hydrogen Fund (“FiveT” or “the Fund”), a unique… Read More Here

Mining in DRC Energy

3 NGOs in DRC welcome the establishment of an hydroelectric power station in the heart of Virunga park

March 9, 2021March 9, 2021 admin

The three member organizations of the coalition “ALL FOR THE DRC” and active in the governance of natural resources and the protection of the environment, congratulate, in a press release published on March 7, “SAVE VIRUNGA” based in North Kivu in the historic Virunga National Park, a UNESCO World Heritage Site, for having made the energy project of the American Howard Buffet, son of the American billionaire Warren Buffet, by building a hydroelectric power station in the middle of the park with the support of NGOs to fill the energy… Read More Here

Energy Mining in DRC

POWER DESIGN & DELIVERY: Ivanhoe – Kamoa-Kakula in the DRC

March 1, 2021March 1, 2021 admin

One of the most ambitious mining projects in Africa is the Kamoa Kakula copper project near Kolwezi in the southern DRC. It could eventually develop into the second biggest copper mining complex in the world, second only to Escondida in Chile. The first mine of the project, Kakula, a 6 Mtpa underground operation, is well into the construction phase and the developers, Ivanhoe Mines and its joint venture partners, are predicting first production in Q3, 2021. Ivanhoe has stated that its goal is to become the world’s ‘greenest’ copper miner… Read More Here

Mining in DRC Energy

Can Tshisekedi really revive DRC’s Grand Inga Dam vision?

February 19, 2021February 19, 2021 admin

Will Democratic Republic of the Congo (DRC) president Félix Tshisekedi at last turn the Grand Inga Dam mirage into the Grand Inga Dam barrage? The dream of harnessing the mighty Congo downstream of Kinshasa to eventually generate up to 50,000 MW of electricity has been dangled before the largely unelectrified Congolese and the outside world for decades. Tshisekedi, who took office two years ago, has made Inga a priority, at least rhetorically – not only for the DRC but for Africa. He told parliament on 14 December the 11 GW Inga 3… Read More Here

Energy International

EV metals index beats record by 54% as electric cars reach tipping point

February 11, 2021February 11, 2021 admin

The global vehicle market in 2020 had its worst year in decades. European sales were the lowest since 1985, 15% fewer cars left US showrooms and while the decline in China was in single digits, it was the third down year in a row for the world’s largest car market. But 2020 turned out to be a breakthrough year for electric cars, particularly in the two largest markets. EU sales doubled to 1.3 million with penetration reaching a stunning 19% during the final quarter, just eclipsing sales figures in China for… Read More Here

Energy

Mining Platform applauds Power projects making a difference Africa

February 9, 2021February 9, 2021 admin

According to the latest edition of Mining Elites in Africa, mines on the continent are beginning to adopt hybrid power plants. The power projects at two gold mines in Mali and at Ivanhoe’s Kamoa-Kakula copper production in the DRC were chosen in the annual publication as stand-out examples of making a real difference in the sector, and in particular of how mining companies are increasingly developing their own, greener sources of much-needed electricity. Mining Elites in Africa 2021 was launched recently by Mining Review Africa. “This year we chose to focus on mining… Read More Here

Energy

Decarbonisation will need more, better mining

February 9, 2021February 9, 2021 admin

The World Bank (WB) estimates, for instance, that production of minerals like graphite, lithium and cobalt could grow by 500 percent in the next three decades to meet demand for clean energy technologies. This comes on the backdrop that mining remains a vital part of a low-carbon future, a fact that was confirmed by the topics prioritised at the recent Investing in African Mining Indaba’s virtual conference this week. “The message was clear: mining is part of the solution as the planet addresses climate change through a range of renewable… Read More Here

Energy International

Aggreko to make big investments to back miners’ clean energy transition

February 4, 2021February 4, 2021 admin

Aggreko (LSE: AGK), a supplier of mobile, modular power generation equipment, announced that it is partnering with some big names in the mining industry to reach net-zero emissions by 2050. In a press release, the Scottish company said it has vowed to invest between $342 million and $470 million per year to support its energy transition, including big spends in bringing solar, wind, and natural gas to mine sites. “Power generation for our customers has become more complex, and Aggreko has a responsibility to create power that is healthier for the… Read More Here