Latest News

Anglo American Updates on Carbon Neutrality, Biodiversity and Responsible Mining Assurance

esgfrontiersNovember 1, 202205 mins

Anglo American plc has released its twice-yearly sustainability performance update, which includes information on decarbonisation, net positive biodiversity, and progress toward ensuring that all operations adhere to internationally recognized responsible mining standards. Duncan Wanblad, Chief Executive of Anglo American, said: “There is growing awareness of the centrality of mining to enabling the energy transition and…

Komati falls as Eskom shuts down 6-decades old power station

esgfrontiersNovember 1, 202204 mins

South Africa’s power utility Eskom announced the shutdown of the last generating unit of its 61-year-old Komati Power Station. The station’s final commissioned unit, Komati Unit 9, entered service in March 1966. The other units were decommissioned over time as they approached the end of their useful lives. From site leveling to Unit 9’s commercial…

IDC rakes in further shares at MOZAL

esgfrontiersOctober 31, 202203 mins

Industrial Development Corporation of South Africa Limited (IDC) has bought 8.445% of the entire stake in MCA Metals Holding Gmbh (MCAM) in Mozal, SA. The Competition Regulatory Authority (ARC) published the information a few days ago in a statement in which the authority requested views on the operation. MCAM is a subsidiary of the Mitsubishi…

BHP and Rio Tinto to collaborate on new tailings technology

esgfrontiersOctober 31, 202213 mins

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…

Roger Baxter steps down as Minerals Council CEO

esgfrontiersOctober 31, 202203 mins

Minerals Council of South Africa( formerly Chamber of Mines SA) CEO Roger Baxter has decided to step down when his contract expires in April 2023, ending nearly nine years in the leadership role of “tirelessly promoting, championing, and protecting the South African mining industry”. In a widely distributed press statement on October 31, Nolitha Fakude,…

SA Cabinet gives the nod to the Just Energy Transition Partnership (JETP)

esgfrontiersOctober 26, 202203 mins

The Just Energy Transition Partnership (JETP), an investment strategy that will allow South Africa to access up to $8.5 billion in investment to finance the country’s transition away from coal, has received official support from the cabinet. The JETP partners made a $8.5 billion pledge at COP26 in Scotland last year to help South Africa…

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

esgfrontiersOctober 24, 202205 mins

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…

South Africa’s EV Dream Threatens $8.5 Billion in Climate Aid

esgfrontiersOctober 24, 202204 mins

South Africa wants to spend billions of dollars fostering an electric vehicle industry, complicating efforts to finalize an $8.5 billion climate aid package before next month’s United Nations climate summit. The landmark funding plan unveiled at last year’s climate conference in Glasgow was meant to help South Africa wean itself off coal. It was hailed…

$350m sustainability-linked syndicated loan facility for Nedbank

esgfrontiersOctober 24, 20221332 mins

Nedbank’s London branch has signed a $350m sustainability-linked syndicated term loan facility, which will be used to refinance outstanding balances on a prior loan. The proceeds of the two-year loan, which comes with the option to extend for an additional year, will be used to refinance the $250m balance outstanding on a $500m syndicated term…

NASA’s HD “Pillars of Creation” from the James Webb Space Telescope

esgfrontiersOctober 20, 202213 mins

The James Webb Space Telescope has captured a stunning view of the “Pillars of Creation” at the hearts of the Eagle Nebula some 6,500 light years from Earth. Famously imaged by Hubble Space Telescope in 1995 and again in 2014, the pillars as viewed by Webb’s infrared instruments reveal thousands of previously unseen stars and…

IEA REPORT OUTLINES $2.3 TRILLION INVESTMENT Needed for Africa’s Energy Transition

SAUDI ARABIA EXPANDS MINING Footprint in Africa with Potential Zambia Investment

RIO TINTO Reports Fatality at SimFer port

BEYOND THE EFF: Shivambu-ism and Quest for Economic Justice

SA MINING SECTOR Sees Surge in M&A interest for Manganese

BREAKING GROUND: MERCEDES-BENZ Launches Europe’s First Battery Recycling Facility