Category: Energy

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

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

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

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