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Glencore holds back on dividend, accelerates net debt reduction 

By: Martin Creamer     6th August 2020 Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the London- and Johannesburg-listed diversified... 

Covid-19 may have accelerated peak fossil fuel demand ‘by more than a decade’

By: Terence Creamer     5th August 2020 If the world economy fails to recover rapidly from the Covid-19 crisis and if efforts to curb emissions are moderately accelerated, it is possible that global fossil-fuel demand peaked in 2019, a new Boston Consulting Group (BCG) analysis shows. The analysis models the future demand for coal, oil... 

Sasol sets sights on large-scale renewables procurement as it pulls trigger on embedded generation projects 

By: Terence Creamer     4th August 2020 Chemicals and energy group Sasol intends issuing, during its current financial year, a request for proposals (RFP) for wind and solar projects with a combined capacity of between 200 MW and 300 MW having received a strong response to a market-testing request for information (RFI) issued in May.... 

Impact of Digitalisation on Africa’s Energy Sector in a Post COVID World

By: Creamer Media Reporter      4th August 2020 COVID-19’s negative repercussions on Africa’s economies have highlighted the importance of achieving energy security to be capable of enduring pandemics and realising a post-crisis economic recovery. Clean energy and the innovative technologies that accompany it, represent a critical catalyst for... 

Crop nutrients have double potential of coal being exited – Anglo 

By: Martin Creamer     3rd August 2020 Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertilising is being hailed a godsend to ease global... 

MC Mining output, sales buckle under lower demand, prices in Q2

By: Marleny Arnoldi     31st July 2020 JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices. The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised... 

Glencore’s strong first-half positions it for top-end marketing earnings 

By: Martin Creamer     31st July 2020 Diversified mining and marketing company Glencore has delivered an overall strong  first-half operating performance amid the unprecedented challenges presented by  Covid-19. “This reflects both the ability and dedication of our teams to adapt to these difficult conditions,” said Glencore CEO Ivan... 

Canada Nickel creates subsidiary focused on zero-carbon metals

By: Donna Slater     28th July 2020 TSX-listed nickel/cobalt sulphide project company Canada Nickel Company has created a wholly-owned subsidiary, NetZero Metals, to begin the research and development of a processing facility aimed at using existing technologies to produce zero-carbon nickel, cobalt and iron products. The facility... 

STEINERT magnets protect mining equipment from damage. New: E-book about tramp removal

By: Creamer Media Reporter      20th July 2020 Equipment used to recover bulk materials suffers serious damage from tramp iron, such as wires, nuts, bolts or excavator teeth. The new e-book explains how to select the right equipment for the right application. “All equipment used in the recovery of minerals needs to be protected from... 

Buffalo confirms another positive Covid-19 case, more staff self-isolate

By: Marleny Arnoldi     17th July 2020 JSE- and TSX-listed Buffalo Coal confirms that another of its employees has tested positive for Covid-19. This time, an employee working underground at its Aviemore operation has been affected.  

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