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Fraud cops investigating ex-Glencore staff plan to press charges Fraud cops investigating ex-Glencore staff plan to press charges
Published: 18 Jun 24
British prosecutors investigating former Glencore employees over bribery allegations said they plan to bring long-awaited criminal charges. More than 18 months after first revealing that as many as 11 ex-staffers were under investigation, the Serious Fraud Office told a London judge on Monday that it had sought government approval to charge individuals. It’s the first time the agency has committed to press individual criminal convictions following Glencore’s own guilty plea in 2022.
Orano at risk of losing Niger uranium mine sought by Russia Orano at risk of losing Niger uranium mine sought by Russia
Published: 18 Jun 24
Orano could lose the right to mine uranium at one of the largest deposits in the world by June 19 after Niger rejected the French nuclear company’s plan for developing the asset. The move comes as Russia’s seeks to take over mining assets in the West African country controlled by the French company, Bloomberg reported on June 3. Niger’s Paris-allied president was overthrown in a coup last July, the latest in a string of military takeovers in the region that has seen strongmen spurn ex-colonial power France and forge closer ties with Moscow.
Bill Gates says he's ready to put billions into nuclear power Bill Gates says he's ready to put billions into nuclear power
Published: 18 Jun 24
Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US power needs. TerraPower, a startup founded by Gates, broke ground for construction of its first commercial reactor last week in Wyoming, where a coal plant is shutting down, the billionaire co-founder of Microsoft Corp. said on CBS’s Face the Nation. TerraPower has explored simpler, cheaper reactors since 2008 and expects to complete the new reactor in 2030.
Port of Chancay Peru miner Volcan eyes $200m in further asset sales
Published: 18 Jun 24
Volcan Cia Minera, the Peruvian zinc miner that was recently acquired by Argentine group Integra Capital, said it is pushing ahead with plans to sell non-core assets as it talks with creditors to refinance a pile of debt coming due in the coming years. The company, in which Glencore sold a controlling stake last month, is looking to divest its holding in a Chilean cement maker as well as real estate near the new Peruvian port of Chancay on the Pacific coast, said CEO Luis Fernando Herrera. It has already sold two hydroelectric plants for more than $78-million.
Eskom targets JETP funds and partnerships for 2 GW clean-energy pipeline Eskom targets JETP funds and partnerships for 2 GW clean-energy pipeline
Published: 14 Jun 24
Having recently confirmed a decoupling of its just energy transition strategy from the decommissioning of its coal-fired power stations, Eskom is aiming to finalise business cases for a pipeline of renewable energy and battery storage projects, some of which could be deployed in close proximity to its existing coal stations. CEO Dan Marokane reports that that its so-called repowering and repurposing pipeline includes 50 projects with a combined capacity of 2 172 MW and which could create 1 754 permanent jobs.
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