BHP and Rio Tinto to collaborate on new tailings technology

BHP and Rio Tinto, two global mining companies, have formed a collaboration agreement to accelerate the development of technology that could significantly increase water recovery from mine tailings, reducing potential safety risks and environmental footprints associated with tailings storage facilities. The first project will include putting an innovative large-volume filter unit to the test at…

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ACWA Power, Industrial Development Corporation to explore green hydrogen projects in South Africa

Saudi’s ACWA Power and the Industrial Development Corporation of South Africa (IDC), a government-owned Development Finance Institution, have signed an extensive memorandum of understanding (MoU) exploring a partnership in the development of green hydrogen and its derivatives in South Africa.This partnership coincides with the state visit of the South African President Cyril Ramaphosa to the…

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Multilateral Development Banks’ Climate Finance hits $51 billion in 2021

Climate finance committed by major multilateral development banks (MDBs) rose in 2021 with over $19 billion committed to climate change adaptation finance, according to the Joint Report on Multilateral Development Banks’ Climate Finance, published on Friday. The report tracks the progress of MDBs in relation to their climate finance targets such as those announced at COP21 and…

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