International - Copperbelt Katanga Mining

The race to make diesel engines run on hydrogen

January 22, 2023January 22, 2023 Johannsen

It’s a new hydrogen-diesel hybrid engine affectionately known as “baby number two” that could help to decarbonise some of Australia’s heaviest industries. The test rig is large – it has its own room adjoining a lab and looks at first glance like many other large motors, but beneath its metallic skin could lie game-changing technology. Engineers at the University of New South Wales (UNSW) say they have successfully modified a conventional diesel engine to use a mix of hydrogen and a small amount of diesel, claiming their patented technology has cut carbon… Read More Here

International Economy

Africa’s economic growth to outpace global forecast in 2023-2024 – African Development Bank biannual report

January 22, 2023January 22, 2023 Copperbelt Katanga News

L-R: AfDB President Dr. Akinwumi Adesina, Niale Kaba, Minister of Planning and Development of Côte d’Ivoire, and Prof. Kevin Urama, Acting Chief Economist and Vice President at AfDB, at the Abidjan launch of the 2023 Africa’s Macroeconomic Performance and Outlook Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African Development Bank Group said in Africa’s Macroeconomic… Read More Here

Battery Metals Equipment & Technology International Technology & Innovation

WAE Delivers First Haul Truck Battery to FMG

January 22, 2023January 22, 2023 arnbethnic

Fortescue’s decarbonization journey has taken a major step forward. WAE Technologies recently delivered the largest battery of its kind, ready to be installed in a prototype zero-emission battery-electric haul truck that Fortescue Metals Group (FMG) is developing with Liebherr. The 1.4-megawatt-hour prototype power system will be integrated into a 240-ton haul truck. “WAE and Fortescue are working together to seek to decarbonize faster and more effectively than any other major industrial company in the world,” Fortescue Future Industries CEO Mark Hutchinson said. “The battery system, designed for our zero-emission battery… Read More Here

Copper International

Trafigura to Acquire Significant Amounts of LME Copper

January 20, 2023January 20, 2023 Constance

Commodity trader Trafigura is planning to take large amounts of copper from London Metal Exchange registered warehouses, two people familiar with the matter said, adding that the metal was likely to remain in Europe. Copper stocks in LME registered warehouses stand at 83,325 tonnes are already low. Cancelled warrants – metal earmarked for delivery – stand at 31.2% or 26,000 tonnes. This compares with 12% on Jan. 3. Most of the cancelled warrants – 20,600 according to the latest data from the LME – are in Rotterdam, Netherlands. Trafigura declined… Read More Here

International Energy

Tanzania’s President Samia Suluhu Hassan Calls for Global Attention on Africa for Energy Solutions

January 19, 2023January 22, 2023 Constance

The President of Tanzania suggests that creating power pools in East and Southern Africa can secure energy across the continent. President of Tanzania, the 53rd World Economic Forum Annual Meeting, emphasized Africa’s wealth in natural resources and its potential to contribute significantly in the worldwide shift to sustainable energy. She urged for more private sector investment in Africa to harness the continent’s resources and develop sustainable energy solutions. President of Tanzania, Samia Suluhu Hassan, emphasized Africa’s wealth of natural resources, including cobalt, copper, and nickel, and the importance of utilizing… Read More Here

Oil & Gas International

Uganda’s $3.5 Billion Oil Pipeline Project Aims To Overcome Two Decades Of Oil Setbacks

January 19, 2023January 22, 2023 Constance

Uganda has taken a bold step in eliminating the barriers that have hindered commercial petroleum production within the country. The East African nation did this by approving the construction of a $3.5 billion oil pipeline that will transport the country’s crude to international markets. This approval follows the application made by a company controlled by France’s TotalEnergies, (TTEF.PA). Uganda’s state minister for information, Godfrey Kabbyanga, via an email dispatched on Thursday, disclosed that the country’s cabinet approved the application to construct the pipeline by the East African Crude Oil Pipeline… Read More Here

Battery Metals Energy International

UK And Saudi Arabia To Collaborate On Critical Minerals Delivery

January 19, 2023January 19, 2023 Constance

United Kingdom Business Secretary, Grant Shapps, has agreed to deepen the UK’s collaboration with the Kingdom of Saudi Arabia on critical minerals, putting the government’s ambitions for building more resilient critical minerals supply chains into clear action. The partnership paves the way for the UK and Saudi Arabia to work together on diversifying sources of critical minerals, both through Saudi investment in the UK’s world leading manufacturing and mining finance sectors as well as new opportunities for UK mining firms to do business in Saudi Arabia. This is also important… Read More Here

Battery Metals Energy International

Global Battery Alliance Launches Battery Passport Proof Of Concept

January 19, 2023January 19, 2023 Constance

The Global Battery Alliance (GBA), the world’s largest multi-stakeholder organisation to establish a sustainable battery value chain by 2030, has launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris Agreement through electrification of the transport and power sectors. It has been developed over three years by the GBA’s members, who span the global battery value chain… Read More Here

International Battery Metals

Lithium Miner Heeds Value Addition

January 18, 2023January 18, 2023 Constance

A Chinese billionaire and a South African firm have partnered to establish a lithium processing plant in Mutoko, Zimbabwe as a result of the government’s ban on exports of lithium ore and unpurified salts. The plant is expected to produce two million tonnes of lithium concentrate per year. Last month, the government implemented a ban on exports of lithium ore and unpurified salts, with the exception of ore samples sent for analysis. The ban requires that mineral exports be refined or beneficiated within Zimbabwe to meet international trade standards, adding… Read More Here

Copper International

2023 Outlook for European Copper Markets is Uncertain

January 18, 2023January 18, 2023 Constance

Copper market experts have stated that while there may be difficulties, the outlook for European copper demand in 2023 is not entirely negative A recession is seen as being likely in Europe, sources said, citing inflation, energy prices and a series of other issues that could weaken the region’s economy. So with copper seen as a bellwether of economic strength, concerns about flagging consumer demand and the looming recession mean that European copper premiums are likely to be affected. The European copper market is also relatively tight at present, with imports of… Read More Here