South Africa is being urged to seize the massive opportunity that the new fuel cell and hydrogen economy present at a time of slumped local wealth creation and horrific job starvation With the platinum-catalysed fuel cell and hydrogen markets are beginning to ascend stridently globally, South Africa, as host of the world's most extensive platinum group metal (PGM) reserves, can enter the new era of clean electricity generation, or sit and watch others do it.
Diversified natural resources producer Eurasian Resources Group (ERG) plans to invest about $1-billion in the Porto Sul project, in Brazil, during the construction period. The port will be able to handle more than 40-million tonnes a year of iron-ore, with facilities to handle future grain exports and fertiliser imports, says ERG CEO Benedikt Sobotka.
The integration of technology into the iron-ore industry will reduce costs and improve the overall competitiveness of the sector in South Africa, suggests analysis and consultancy company Fitch Solutions senior commodities analyst Sabrin Chowdhury. High production costs – owing to depleting reserves and high labour costs – are among the key challenges for iron-ore mining companies in South Africa.
The Northern Territory government has approved its first environmental management plan (EMP) to allow oil and gas major Santos to undertake onshore shale gas exploration drilling. This was the first EMP to be awarded for onshore shale gas exploration since the Northern Territory government lifted the shale gas moratorium in early 2018, and followed on from the completion of the 31 recommendations made from the Scientific Inquiry into Hydraulic Fracturing.
Diversified major BHP will spend $400-million, over a five-year period, on a climate investment programme to develop technologies to reduce emissions from mining operations. "Over the next five years this program will scale-up low carbon technologies critical to the decarbonisation of our operations. It will drive investment in nature-based solutions and encourage further collective action on scope three emissions," BHP CEO Andrew Mackenzie said in London.
Dwayne "The Rock" Johnson has stormed Hollywood in the last decade, rising up the ranks of the biz to become a bona fide star and beloved personality. And while many are aware that The Rock's long career started in the WWF (now the WWE), I'm not sure how many people actually know what "The Rock" actually means. It's actually short for something.