Australia’s largest aluminium smelter secures power to 2038
Tomago Aluminium has secured electricity supply through 2038 under an agreement with the Australian and New South Wales governments. Power for Australia’s largest aluminium…
Eskom chief warns against rigid coal shutdown plan
ESKOM boss Dan Marokane has pushed back against locking South Africa into hard deadlines for shutting down its coal plants, News24 reports. The online publication quoted Marokane…
Transition Ventures raises $150m AI-focused fund
LONDON-based venture capital firm Transition Ventures has closed a $150m fund targeting power infrastructure, artificial intelligence, robotics as well as critical materials,…
BHP scales back once critical decarbonisation plans
BHP has shelved key decarbonisation projects at its Western Australian iron ore operations, said Bloomberg News citing reports by the Guardian and ABC’s Four Corners. The…
Coal miner Thungela digs in over shareholder rights
IT’S necessary to state from the outset that the current legal battle between Aeon Investment Management, Fossil Free SA and shareholder activist Just Share on the one side and…
Canada moves to save Glencore’s Quebec copper smelter
THE Canadian and Quebec governments are working to prevent the closure of Canada’s only copper smelter after Glencore threatened to shut the facility unless a deal can be reached…
Geopolitics sidelining climate goals, says BHP’s Slattery
ONGOING energy disruptions are pushing climate goals down the priority list as governments focus on securing supplies, said Bloomberg News citing a speech by Geraldine Slattery,…
Nornickel bets on AI to find palladium uses
NORILSK Nickel is deploying artificial intelligence as part of a $100m push to develop new applications for palladium, as electric vehicles threaten to erode the metal’s dominant…
Gobalsamy says Omnia may build plants in the US
SHARES in Omnia Holdings are 88% higher over the past five years driven by a strategy to focus on the group’s explosives business through BME, a subsidiary. Mining now accounts…
BHP warns Queensland coal mines uncompetitive
BHP has told workers at its Queensland coal operations that the mines can no longer attract investment and are generating no returns for the company, according to an email to…
Northam expands credit facility to fund green energy
NORTHAM Platinum has increased its revolving credit facility R2bn to R13.3bn, giving the South African miner firepower to accelerate a renewable energy programme targeting more…
Exxaro cuts renewable energy target as revises capital plans
EXXARO Resources confirmed it is reviewing its dividend policy, an outlook CEO Ben Magara first made clear last year after agreeing to buy the manganese assets of Ntsimbintle…
Patrice Motsepe steps down as executive chair of ARM
PATRICE Motsepe has relinquished executive duties on the board of African Rainbow Minerals (ARM), the R46bn diversified mining group he helped found in 2002. Citing compliance…
ARM abandons new coal investments
AFRICAN Rainbow Minerals is to halt investment in new coal projects, citing increasingly stringent environmental regulations. The group, led by former lawyer Patrice Motsepe,…
ARM seeks partners for green smelting breakthrough
AFRICAN Rainbow Minerals is pursuing commercial partnerships for its revolutionary SmeltDirect technology, which could transform South Africa’s struggling industrial sector, said…
Mantashe US mineral threat branded self-destructive folly
SOUTH African mines minister Gwede Mantashe’s proposal to withhold mineral exports to the US in retaliation for 30% across-the-board import tariffs was described by analysts in a…
Zimplats eyes mothballed mine reopening amid rally
IMPALA Platinum’s Zimbabwean subsidiary is exploring the potential reopening of a mine shuttered since 1998, following platinum prices reaching their highest levels in over a…
Platinum surge may rescue South Africa’s coalition
SOUTH Africa’s coalition government could receive crucial financial relief ahead of October’s budget thanks to soaring platinum prices and higher mining royalties, according to…
Coal decline risks poverty crisis, warns Thungela chief
THE uncontrolled decline of coal production poses a greater immediate threat to global communities than climate change itself, according to July Ndlovu, the outgoing CEO of…
Thungela, the coal mining success no-one expected
STRICTLY speaking, Thungela Resources CEO July Ndlovu is retiring a year earlier than at the firm’s mandatory age of 60. In a twist of fate his papers were destroyed during…