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G7 leaders commit to faster transition from fossil fuels - draft statement
Published: 14 Jun 24
Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy.
"We will transition away from fossil fuels in energy systems in a just, orderly, and equitable manner, accelerating actions in this critical decade, to achieve net-zero by 2050 in keeping with the best available science," says the draft seen by Reuters.
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Infinity Lithium advances San José permitting process
Published: 14 Jun 24
ASX-listed Infinity Lithium has reported significant progress at its San José lithium project, in Spain. The company has advanced to the next stage of the direct exploitation concession application (ECA) by lodging key project documentation, including exploitation, rehabilitation and restoration, and environmental impact assessments (EIA). The submission follows the recent confirmation by the regional government of Extremadura’s directorate general of Industry, Energy and Mines regarding the viability of the San José lithium resource.
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Arc starts drilling at Botswana project
Published: 14 Jun 24
London-listed Arc announces the start of an exploration drilling programme over the company’s PL135/2017 and PL162/2017 licences at its Virgo project within the highly prospective central structural corridor of the Kalahari Copper Belt (KCB) in Botswana. At the end of May, Arc reported on the results of an “encouraging” induced polarisation survey which confirmed potential drill targets along two distinct trends of high chargeability close to the interpreted redox contact.
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US Gold secures key water discharge permit for CK project
Published: 14 Jun 24
Explorer and developer US Gold has received a key permit for the CK project, in Wyoming, further advancing the company’s development efforts. The Wyoming Department of Environmental Quality (WDEQ) on May 31 issued US Gold subsidiary Gold King pollutant discharge elimination system permit, fulfilling a crucial condition linked to the recently granted surface gold mine permit for the project.
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BCI sells Iron Valley to MinRes for A$73m
Published: 14 Jun 24
Resources company BCI will sell the Iron Valley iron-ore mine, in the Pilbara, to Polaris Metals, a subsidiary of ASX-listed Mineral Resources (MinRes).
Iron Valley is currently operated by MinRes under a royalty-type agreement for the past decade.
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Opinion: Beware, but do not fear!
Published: 14 Jun 24
In this article, Webber Wentzel senior associate Francois Sieberhagen writes about the implications of the Supreme Court of Appeal's (SCA's) judgment in the case of Minister of Mineral Resources and Energy & Three Others vs Sustaining the Wild Coast NPC and Eight Others.
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Vale expects tentative dam collapse settlement with Brazil authorities this month
Published: 14 Jun 24
Brazilian miner Vale expects to reach a tentative agreement by the end of this month with Brazilian federal and state authorities to settle reparations over the deadly 2015 collapse of a tailings dam, an executive said on Thursday.
The Mariana dam collapse caused a wave of toxic tailings that killed 19 people. It left hundreds homeless, flooded forests and polluted the entire length of the Doce River.
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enCore and JV partner Boss launch uranium production at Alta Mesa
Published: 14 Jun 24
Nasdaq- and TSX-V-listed enCore Energy has announced the successful startup of production at the Alta Mesa uranium central processing plant (CPP) and wellfield, in south Texas.
With the restart of the previously producing Alta Mesa project, enCore was the only uranium producer in the US with multiple operational production facilities, it said in a statement on Thursday.
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China steel demand plateaus at a decent level, Vale’s boss says
Published: 14 Jun 24
Chinese steel demand “has definitely plateaued” due to property woes, though the Asian nation’s appetite for the material is still at a “decent level,” said the head of the world’s second-largest iron-ore producer.
Vale SA CEO Eduardo Bartolomeo said Thursday during an investment conference that he sees steel demand stalled for a while because China relies on real estate, though he’s expecting a move away from that industry.
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