Swagefast - Namibia

's CODELCO CHILE giant names Jorge Gomez as new CEO https://zurl.co/mOshz

Chile's Codelco copper giant names Jorge Gomez as new CEO Chile's embattled State copper giant Codelco named Jorge Gomez as its new CEO on Wednesday as the company continues to deal with fallout following a scandal over inflated production figures. In a statement, Codelco confirmed that Gomez will take over as CEO starting on July 13. Reuters broke news of...

Platinum Ltd. to retrench nearly 500 employees amid development strategy change https://zurl.co/5aSEG

Wesizwe to retrench nearly 500 employees amid Bakubung development strategy change JSE-listed Wesizwe Platinum says about 497 employees across various staff levels and disciplines throughout the business may be affected as the company sets out to restructure its workforce to ensure the "effective and sustainable operation of its business and to achieve a meaningful reduction in op...

Tesla co-founder-backed maker Metals secures seed funding for US refining plant https://zurl.co/2Zul9

Tesla co founder-backed copper maker Red Metals secures seed funding for US refining plant Canada-listed copper manufacturer Red Metals has secured $10-million in seed funding which will contribute to its planned $70-million facility in Charleston, South Carolina, to scale its novel copper refining process designed to reshore the manufacturing of finished copper products to the US. The fu...

Eskom Hld SOC Ltd signs agreement with ZuluLand Energy as it seeks to advance 3GW Richards Bay -fired project https://zurl.co/LNnOp

Eskom signs agreement with Zululand Energy Terminal as it seeks to advance 3 GW Richards Bay gas-fired power project Eskom has signed heads of agreement with Zululand Energy Terminal (ZET) with the intention of becoming the ‘foundation customer’ for the liquefied natural gas (LNG) terminal that ZET intends building at Berth 207 in the South Dunes precinct of the Port of Richards Bay. ZET is a joint venture be...

' $800m support raises pollution concern https://zurl.co/GugOI

United States' $800m coal support raises pollution concern US President Donald Trump said on Thursday he is directing hundreds of millions of dollars to support US coal power plants and to ship the carbon-intensive fuel to Asia, with most of the funding coming from Cold War-era emergency powers. Trump invoked the Defense Production Act, a 1950 law granting....

Platinum says input inventories are healthy despite Middle East conflict https://zurl.co/uQRyz

Valterra Platinum says input inventories are healthy despite Middle East conflict South Africa's Valterra Platinum has managed to maintain healthy inventory levels of critical operational inputs, such as diesel and lubricants, despite uncertainty created by the US-Israeli war on Iran, the company's CEO said on Monday. Stable supplies of diesel, lubricants and explosives are essen...

shipments to surge 61% in April, overtaking Indonesia https://zurl.co/4BV0x

Mongolia's coal shipments to China surge 61% in April, overtaking Indonesia China's coal imports from Mongolia surged 61% in April, propelling it ahead of Indonesia, which is traditionally the world's largest coal exporter and has long been China's top supplier of the fuel. Mongolia shipped 11.33-million metric tons of coal across the border to its neighbour China, narrowly...

Resources Ltd. starts commercial production of met in USA https://zurl.co/Yrqv6

Clinch Resources starts commercial production of met coal in US TSX-listed Clinch Resources has started with commercial metallurgical coal production at its Lanes Branch surface mining operation, in Wyoming, West Virginia, ahead of schedule. Having transitioned successfully from mine development to active commercial operations, Clinch Resources is now among the....

120MW plant achieves commercial operation https://zurl.co/4UKWX

AMEA Power's 120 MW solar plant achieves commercial operation Dubai-based renewable-energy company AMEA Power has successfully commissioned its 120 MW Doornhoek solar PV plant in South Africa – the first project under Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme to reach commercial operation. The $120-million Doornhoe...

to sell Australian mines for up to $3.8bn https://zurl.co/wk6vj

Anglo American to sell Australian coal mines for up to $3.8bn Anglo American said on Monday it will sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88-billion, exiting the sector, cutting debt and streamlining assets ahead of a planned merger with Canada's Teck Resources. London-listed Anglo is selling the mines in Queenslan...