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An image of HYENA workers using the POWER POD system

System converts LPG to hydrogen

Published: 28 Jun 24

Hydrogen-focused startup HYENA has successfully developed a process to convert liquid petroleum gas (LPG) into clean electricity using its innovative POWER POD system at its new development facility in Cape Town. “We’re revolutionising clean energy by converting LPG into electricity with our innovative POWER POD system,” says HYENA CEO Niels Luchters.

An image of the 2023 African Energy Week central stage

Event to highlight key African projects

Published: 28 Jun 24

The upcoming African Energy Week (AEW): Invest in African Energy 2024 conference will focus on critical industry issues and investment opportunities in Africa's energy sector, including discussion on key energy projects and Africa’s burgeoning green hydrogen industry. The conference will be held from November 4 to 8 at the Cape Town International Convention Centre in Cape Town.

Mercedes-Benz SA considers cutting 700 jobs on back of struggling economy, ports

Published: 28 Jun 24

Mercedes-Benz South Africa (MBSA) says it will move from three shifts a day at its East London plant to two shifts, in a move that could potentially cut 700 jobs. MBSA produces the C-Class for the local and export markets, with more than 90% of production exported. Production reached around 90 000 units last year.

Image of Chile flag and periodic table symbols for copper and molybdenum

Quebrada Blanca Operations, Chile

Published: 28 Jun 24

A copper/molybdenum mine in Tarapacá, in northern Chile.

Quebrada Blanca Operations, Chile

Published: 28 Jun 24

A copper/molybdenum in Tarapacá, in northern Chile.

Lundin weighs sale of zinc mines in Sweden and Portugal

Published: 27 Jun 24

Lundin Mining Corp is considering a potential sale of two European zinc mines as the Canadian metals producer turns its focus to copper in Latin America, according to people familiar with the matter. Vancouver-based Lundin is gauging interest in its Zinkgruvan mine in Sweden and Neves-Corvo mine in Portugal, the people said, asking not to be identified discussing private information. Any divestment would help raise funds for further investments in a suite of copper assets in Chile and Argentina.

Claimants for deadly Mariana dam collapse file injunction against BHP, Vale

Published: 27 Jun 24

Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential £36-billion ($46-billion) London lawsuit. More than 720 000 Brazilians, including 46 local governments, are suing BHP and Vale over the 2015 collapse of the Mariana dam, which was owned and operated by their Samarco joint venture.

US to start buying up to $2.7bn in domestic nuclear reactor fuel

Published: 27 Jun 24

The US is bidding to eventually buy up to $2.7-billion of domestically-supplied enriched uranium, in an effort to boost the supply chain for the nuclear reactor fuel and steer the country away from buying it from Russia, the Energy Department said on Thursday. The $2.7-billion in funding was unleashed by legislation, signed by President Joe Biden in May, that also imposed a ban on imports of enriched uranium from Russia, as part of sanctions on the country for its full-scale invasion of Ukraine. Russia, the world's top seller of enriched uranium, had been supplying about 24% of the fuel used by U.S. reactors.

Anglo paid $23.5bn in taxes, economic contributions in 2023

Published: 27 Jun 24

Diversified mining major Anglo American paid about $23.5-billion in total tax and economic contributions throughout its global operations during 2023, a decrease from about $24.5-billion in 2022. Payments in countries such as Brazil, Australia and the UK increased, while payments in South African fell the most among the countries in which Anglo operates. Payments to South Africa fell from about $9-billion in 2022 to about $7.5-billion in 2023.

Ramelius makes strategic investment in Spartan

Published: 27 Jun 24

ASX-listed Ramelius Resources has bought 8.5-million shares in fellow-listed Spartan Resources as a strategic investment, representing about 8.9% of Spartan’s ordinary shares on issue. Spartan’s Dalagaranga gold project is about 86 km north-west of Mount Magnet in the Murchison region of Western Australia. Ramelius continually evaluates gold assets in Western Australia and makes investments in the sector where it believes there is a strategic rationale.