Energy - Copperbelt Katanga Mining

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

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