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Decarbonisation efforts in mining fall short of science-based targets, research shows

Published: 20 Dec 24

The global mining industry is falling short in its efforts to decarbonise at a rate required to meet science-based targets, according to new research by consultancy dss+. As the industry moves towards 2025, intensified action to reduce emissions is urgently needed, says dss+ principal Gerhard Bolt, who highlights that decarbonisation will be a key focus at the Investing in Africa Mining Indaba 2025, set to take place, in Cape Town, in February.

South32 receives approval for Worsley mine project

Published: 20 Dec 24

Globally diversified mining and metals company South32 has received approval from the Western Australian Minister for Environment for its Worsley mine development project, marking a key milestone in its efforts to secure bauxite resources for the continued operation of Worsley Alumina. The decision follows an extensive environmental review process initiated in 2019.

Network Statement a major step in rail reform – B4SA

Published: 20 Dec 24

Industry organisation Business for South Africa (B4SA) welcomes the release of the Network Statement as an exciting and significant milestone in the journey towards meaningful rail sector reform in South Africa. “The Network Statement represents a pivotal step in unlocking the potential of South Africa’s rail network through third-party access, which is one of several ways identified to bring private sector participation into the system,” says B4SA Transport and Logistics senior executive Ian Bird.

Intentions of GNU must translate into service delivery and meaningful change – Campbell

Published: 20 Dec 24

While the post-election period brought its share of challenges, and with South Africa navigating the complexities of the Government of National Unity (GNU), it also sparked a renewed focus on service delivery, which is a commitment that resonates with many of the new Ministers, says industry organisation Consulting Engineers South Africa (CESA) CEO Chris Campbell. “The intentions expressed by the GNU must translate into tangible outcomes that improve service delivery and drive meaningful change.

South Africa PV capacity increases 12% in 2024

Published: 20 Dec 24

South Africa's total solar PV capacity surged to 8.97 GW this year, which includes 2.8 GW from public procurement and 6.1 GW from private-sector contributions, 11.9% higher than in 2023. A further 375 MW of capacity is scheduled to come online in 2025.

China's coal imports from Australia rise to highest level since April 2020

Published: 20 Dec 24

China's coal imports from Australia rose to their highest in more than four years in November, customs data showed on Friday, as shipments continue to recover from an unofficial ban on Australian coal that was lifted in January 2023. Australian coal imports were 9.3 million metric tons in November, according to the General Administration of Customs, the highest since April 2020 and up 47% from the same month of 2023.

Copper giant Peru foresees another production plateau in 2025

Published: 20 Dec 24

Peruvian copper production is expected to remain flat in 2025 for the third straight year, according to the country's top mining association and industry analysts, as declining ore grades and a lack of new projects cap output. The South American country is a global copper powerhouse, ranking third in production behind Chile and the Democratic Republic of Congo, which unseated Peru from second place in 2023.

Ministry clears the way for Silver Mountain to restart Peru mine

Published: 20 Dec 24

The Peruvian Ministry of Energy and Mines has classified TSX-V-listed Silver Mountain Resources' Reliquias mine and Caudalosa plant as an ongoing mining operation, clearing the way for Silver Mountain to restart operations at the mine and plant. “Our dedicated permitting and legal teams have worked tirelessly to ensure our commitment to revitalising the Reliquias mine. This recognition not only marks a pivotal moment for Silver Mountain but also underscores our contribution towards boosting the local economy. With the Reliquias mine and Caudalosa plant now recognised as active sites, we maintain our existing environmental permits, allowing us to recommence operations without further governmental approvals," CEO Alvaro Espinoza points out.

Allied Gold receives first construction payment for Ethiopia project

Published: 20 Dec 24

Toronto-listed Allied Gold Corporation has received the first construction payment under a $175-million streaming agreement with Wheaton Precious Metals, signed earlier this month. Under the terms of the streaming agreement, Allied will receive an aggregate $175-million upfront cash payment – payable in four equal tranches – to support the funding of its growth strategy, which is underpinned by the development of its low-cost and fully permitted Kurmuk gold project, in Ethiopia.

Mercuria partners with Zambia on metals trading venture

Published: 20 Dec 24

Mercuria Energy Group is teaming up with Zambia on a metals trading venture, the latest example of a commodity house partnering with a mineral-rich state to secure access to key resources. Mercuria will join forces with Zambia’s Industrial Development Corp., it said in a statement on Thursday. The Geneva-based company, which hired Trafigura Group veteran Kostas Bintas to build out a metals trading unit this year, is pushing to increase its exposure to copper.