Energy - Copperbelt Katanga Mining

Copper boom: how clean energy is driving a commodities supercycle

June 11, 2021June 14, 2021 admin

Demand is set to explode with the rise in renewables technology, but years of under-investment threaten to leave supply short. Kamoa-Kakula in the Democratic Republic of Congo is a rare commodity in the modern resources industry: a high-grade copper mine that one day could produce enough metal to satisfy more than 5 per cent of China’s annual demand. Surrounded by small villages, the mine employs around 7,000 workers and has its own road for trucks to carry rock to a nearby smelter. The company is also upgrading a 40-year-old hydropower… Read More Here

GenusPlus Group subsidiary wins A$60 million contract with Rio Tinto

June 2, 2021June 2, 2021 admin

Australia-based essential power and telecommunications infrastructure provider, GenusPlus Group Ltd, says it has secured a significant new power installation contract with Rio Tinto in Dampier, Western Australia. The circa-A$60 million ($46 million) contract will be carried out by Powerlines Plus, a wholly-owned subsidiary of GenusPlus, with peak “manning” of 95 direct personnel plus associated local subcontractors and suppliers. It will see the company design and construct a 220 kV transmission line and substation as well as the associated 33 kV distribution infrastructure. The contract is scheduled to commence immediately and… Read More Here

Energy

SRK brings Africa’s voice to EU responsible sourcing process

May 27, 2021May 27, 2021 admin

As the European Union (EU) works to ensure responsible and sustainable sourcing of minerals for its low-carbon future, SRK Consulting is contributing its expertise to an EU-funded stakeholder platform project on the governance of raw material sourcing in the EU. The RE-SOURCING project – funded by the European Union’s Horizon 2020 research and innovation programme – aims to build a global stakeholder platform for responsible sourcing. A vital aspect of defining standards for the EU will be the input of stakeholders in the regions from which the minerals are currently… Read More Here

Energy Mining technology

Logistics aligned with the 1.5 °C journey

May 9, 2021May 9, 2021 admin

Metso Outotec is targeting a net positive impact on the planet with a commitment to the 1.5 °C journey. Logistics actions can have a big impact on company’s CO2 emissions; therefore, we have set a target to reduce the CO2 emissions of our logistics by 20% by 2025. A smaller footprint and optimized warehouse location will decrease end-to-end CO2 emissions Reducing the warehouse footprint is a fundamental matter and thus is a major on-going project in Metso Outotec logistics. The strongest focus in logistics is often in transportation and in ways… Read More Here

Mining in DRC Electricity Energy Hydro power plant

Inga III project: “A 4th buyer who will consume 4,000 MW has been added and will invest $ 6 billion” (ADPI)

May 9, 2021May 9, 2021 arnbethnic

The Inga III project is getting closer and closer to its realization. During an interview with 7SUR7.CD this Tuesday, May 4, 2021, the head of state’s official in charge of the Agency for the Development and Promotion of the Grand Inga Project (ADPI-RDC), Bruno Kapandji Kalala, said that a fourth buyer of electricity has been added to the three already existing. It is, he said, a Chinese company that works in the field of aluminum. According to Bruno Kapandji, this company will invest 6 billion USD in the DRC and proposes to… Read More Here

Battery Metals Cobalt Copper Energy International Lithium Mining in DRC Nickel

Metals price rally could hamper switch to green energy — IEA

May 6, 2021May 6, 2021 admin

Soaring metals prices may be good for miners, but they put at risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a new report warns. According to The International Energy Agency (IEA), reaching the goals of the Paris climate agreement would result in a quadrupling mineral demand by 2040. Yet a lack of investment in new mines could substantially raise the costs of clean energy technologies, the IEA said on Wednesday. “The… Read More Here

Hydro power plant Energy Mining in Zambia

Covid-19 deals a blow to Zambia-Zimbabwe border hydro project

May 6, 2021May 6, 2021 admin

Because of the coronavirus pandemic, the developers of a $4 billion hydropower plant on the Zambia-Zimbabwe border have postponed the project until next year. Pre-construction work on the Batoka Gorge project has been halted for several months, and funding is still being secured, according to Zambezi River Authority spokesman Fitzgerald Muchindu. Construction on the 2,400-megawatt facility was set to begin in 2020. “The authority and the developer are doing everything possible to expedite the outstanding pre-construction activities to commence construction works at the earliest possible time,” Muchindu said in emailed… Read More Here

Hydro power plant Copper Energy Mining in DRC New Mining Projects

Ivanhoe Mines pledges net-zerogreenhouse gas emissions at the Kamoa-Kakula Copper Mine

May 5, 2021May 6, 2021 arnbethnic

Kamoa-Kakula aims to become the first net-zero carbon emitter among the top-tier copper mines by electrifying its mining fleet LONDON, ENGLAND – Robert Friedland, Ivanhoe Mines’ Executive Co-Chair, announced today May, 5, 2021 that Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the industry-leading Kamoa-Kakula Copper Mine in the Democratic Republic of Congo. Mr. Friedland made the announcement in advance of his participation in a virtual fireside discussion at the 2021 Goldman Sachs Copper Day later today. In support of the Paris… Read More Here

Mining in DRC Electricity Energy New Mining Projects

Ivanhoe Signs Agreement to boost hydropower at Kamoa-Kakula

April 26, 2021May 2, 2021 admin

Turbine 5 to produce 162 MW of renewable hydropower, providing the Kamoa-Kakula Copper Complex and associated smelter with sustainable electricity for future expansions Democratic Republic of Congo’s President Félix Tshisekedi expresses support for the Turbine 5 upgrade at Inga II Voith Hydro of Germany to be appointed as lead contractor for the Turbine 5 project Upgrading of the Mwadingusha hydropower plant is nearing completion to generate 78 MW of hydropower for the first two phases of copper production at Kamoa-Kakula Combined 240 MW output from the Mwadingusha and Inga II… Read More Here

Oil & Gas Energy

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