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Category: International

SA Junior Miners In A Jam 1 International 

SA Junior Miners In A Jam

Constance
Junior miners struggle to access funding for project development. Without junior miners there would be no mining, large-scale or otherwise. The junior mining sector remains the backbone of the resources sector. Renergen CEO Stefano Marani explains it this way: if a country doesn’t have explorers discovering and upgrading resources, the mining sector in that country dies. “This is analogous to a country with a zero birth rate,” he says. It is therefore imperative to continually invest in exploration, which translates into a strong pipeline of projects for the future, given… Read More Here
Caterpillar Buys Brothers’ Innovative Screed Inventions, Oxclaw and Bullox 2 International Mining Equipment Technology & Innovation 

Caterpillar Buys Brothers’ Innovative Screed Inventions, Oxclaw and Bullox

Constance
Two inventions that some believe will be the most significant innovations for the asphalt screed in almost a century will be available through Caterpillar, thanks to two brothers who run a family-owned paving business in Wyoming. Stuart and Michael Frost have been on asphalt paving crews since they were kids and have owned highway paving company Mountain Construction in Powell for more than 20 years. They had always dreamed of a better screed – one that would achieve higher mat density and enable easier and faster plate changes. After much… Read More Here
Kenya Strengthens Green Hydrogen cooperation with EIB 3 Green Energy Contracts & tenders International 

Kenya Strengthens Green Hydrogen cooperation with EIB

Constance
The European Investment Bank has announced that it will strengthen support for green hydrogen investment in Kenya following the signing of a joint declaration on renewable clean hydrogen  Njuguna Ndung’u, Keyna’s Cabinet Secretary, National Treasury and Economic Planning, commented, “Kenya has some of the best renewable energy sources in the world if the storage components were equally developed. The route to storage has the potential to develop green hydrogen to deliver sustainable, green and inclusive growth. Today’s agreement builds on decades of close cooperation with the European Investment Bank to… Read More Here
Volvo Penta Moves into Battery Energy storage with OEMs 4 International Energy 

Volvo Penta Moves into Battery Energy storage with OEMs

Constance
In a move to supplement its power generation business, Volvo Penta is launching a new offer – a high-performance subsystem based on the Volvo Group’s electromobility platform, optimized for OEMs’ BESS applications “Battery energy storage is increasingly in demand for a variety of applications including utilities, factories, decentralised microgrids and mobile charging stations,” commented Hannes Norrgren, President of Volvo Penta Industrial.  “As our solution is application agnostic, we see huge potential for its adoption. Together with OEMs, our solution provides possibilities to store energy from and add resiliency to renewable solar… Read More Here
China's CNR snatches up Williams Minerals Mine in Zimbabwe for US$1.75 billion 5 Battery Metals International Mergers & Acquisitions 

China’s CNR snatches up Williams Minerals Mine in Zimbabwe for US$1.75 billion

Constance
China Natural Resources (CNR) has acquired the Williams Minerals lithium mine in Zimbabwe for US$1.75 billion from Feishang Group and Top Pacific (China). The rising demand for lithium, a safe and reliable resource in a global market where the appetite for renewable energy continues to grow, has motivated CNR to make this strategic move. This acquisition will enable CNR to indirectly acquire all interests in Williams Minerals in the second quarter of this fiscal year, subject to the issuance of independent technical reports and the company’s full settlement of cash… Read More Here
Global Tailings Standard raises the bar for Social Management 6 International Environment Social Governance (ESG) 

Global Tailings Standard raises the bar for Social Management

Constance
The recent industry engagement efforts of the Church of England and a range of other investors leave no doubt: responsible tailings management is a key focus for 2023. With tailings dam failures on the rise in recent years (a trend expected to continue, unless practices improve), investors, mining communities, workers, and other stakeholders are putting pressure on the mining industry for the wholesale adoption of the Global Industry Standard on Tailings Management (GISTM), the global leading practice standard designed by ICMM, the UN Environment Programme (UNEP), Principles for Responsible Investment (PRI), and their advisors,… Read More Here
First Quantum losing US$8M a day on Cobre Panama halt 7 International Copper 

First Quantum losing US$8M a day on Cobre Panama halt

Constance
First Quantum Minerals says it’s experiencing losses of up to US$8 million a day due to the suspension of ore processing and port loading affecting its giant copper mine in Panama. In a letter sent this week to the country’s Maritime Authority (AMP), the chief executive of First Quantum’s local unit, Minera Panama, said the halt ordered last week has had a domino effect. CEO Alan Delaney warned the longer activities are suspended, the greater the “exponential and irreparable damage to the company and stakeholders, including the workforce.” He noted the government’s measure,… Read More Here
The Price of Gold Climbs to 1846 USD per Ounce 8 Gold International 

The Price of Gold Climbs to 1846 USD per Ounce

Constance
Gold prices rebounded again on Friday 3rd March and are heading for their first weekly rise in five as a decline in the US dollar and Treasury yields eased fears of further rate hikes from the Federal Reserve. Spot gold rose 0.6% to $1,846.66 an ounce by midday, its highest level in two weeks. US gold futures rose 0.7% to $1,853.70 an ounce in New York. Until a new catalyst is found, such as next week’s jobs or consumer price data, gold is likely to remain in a range between $1,830… Read More Here
ITU sets July 2023 for AI for Good Global Summit 9 International Technology & Innovation 

ITU sets July 2023 for AI for Good Global Summit

Constance
The International Telecommunication Union (ITU) is set to host the World Summit on Artificial Intelligence for Social Good in Geneva, Switzerland, on July 6 and 7. The summit aims to showcase the benefits of new technologies in achieving the Sustainable Development Goals (SDGs) set by the United Nations. Innovators in the fields of artificial intelligence (AI) and robotics will gather to present their cutting-edge solutions and discuss how AI can be used to tackle global challenges such as the climate crisis and humanitarian responses. The event will feature eight humanoid… Read More Here
Mozambican Fuel Companies complain of "Dramatic" Situation 10 Oil & Gas International 

Mozambican Fuel Companies complain of “Dramatic” Situation

Constance
The Mozambican Association of Fuel Companies (AMEPETROL) has expressed concern over the current state of the fuel sector, which they have described as “dramatic”. Despite purchasing fuel at high prices, AMEPETROL has complained that filling station prices have not been updated accordingly. AMEPETROL President Michel Ussene has stated that the association is confident that the government understands their situation and will support them to ensure that companies can continue to operate normally. This echoes warnings that AMEPETROL has made since the beginning of 2022. The lack of price updates at… Read More Here

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