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Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

Kepco cancels investment in South African coal energy plant

By: African News Agency      16th October 2020 South Korea’s State-owned power utility Kepco will either cancel its investment in coal-driven South African independent power producer Thabametsi, or transition the project to gas. A statement issued on Friday by Seoul-based nongovernmental organisation Solutions for Our Climate said Kepco... 

Business welcomes recovery plan, but urges swift implementation 

16th October 2020 Organised business formations have responded to the Reconstruction and Recovery Plan released by President Cyril Ramaphosa on October 15. On the whole, business has welcomed the plan, including the fact that it embraces many of the recommendations made to government by the social partners through... 

Reimagining power in Africa

16th October 2020 The issue of providing power to industries and communities across Africa is complex and multilayered. On the one hand, we have entered a time of great promise, where it is becoming easier and cheaper to maximise renewable energy resources. On the other, corporates face outdated regulatory hurdles... 

Report discusses challenges, options as world continues to drive decarbonisation agenda 

By: Simone Liedtke     16th October 2020 While the global shift from fossil fuels to renewables is helping new ecosystems and technologies to emerge, many of the pursued steps towards decarbonisation pose unique challenges. Many participants in the energy and resources industries have declared an intention to become carbon neutral by... 

Eswatini Rail Link – update

By: Sheila Barradas     16th October 2020 The project developers are acquiring the land needed for the project. 

Standard Bank continues to increase exposure to renewables, move away from coal

By: Marleny Arnoldi     15th October 2020 Standard Bank has released its interim Task Force on Climate-related Financial Disclosures report, highlighting that environmental, social and governance aspects remain at the centre of the bank’s agenda of driving sustainable and inclusive growth in Africa. Sustainability head Wendy Dobson... 

Minister wants Coal India units to set prices independently

By: Reuters     15th October 2020 India's Coal Minister Pralhad Joshi said on Wednesday the units of Coal India Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world's largest coal mining company by output, has seven... 

South Africa won’t meet debt targets, President’s Council says 

By: Bloomberg     13th October 2020 South Africa won’t be able to meet its finance ministry’s debt targets and it may be undesirable for it to attempt to do so at a time when the economy is being battered by the fallout from the coronavirus, according to an advisory panel appointed by President Cyril Ramaphosa. In a more than... 

China bans Australian coal imports as political relations sour

By: Bloomberg     12th October 2020 China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra. Chinese power stations and steel mills have been verbally told to immediately stop using... 

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