NewsRoom Articles - Page 62 of 174

FridayOct 27, 2023 12:03 pm

IEA Predicts 2030 Peak for Coal, Oil, Gas Energy

The International Energy Agency (IEA) predicts that global demand for coal, natural gas and oil will peak by 2030 amid an “unstoppable” energy transition. According to the agency, carbon pollution from the three fossil fuels will also peak by the end of the decade, thanks to the proliferation of renewable energy. The IEA report predicted that there would be close to 10 times more electric cars than there are now by the end of 2030. Renewable energy sources such as wind and solar will also account for nearly one-half of the worldwide energy mix compared to 30% in 2023. Most…

ThursdayOct 26, 2023 3:45 pm

Swedish Scientists Find Promising Way to Recover Minerals from Discarded EV Batteries

Electric vehicle battery metals are poised to see a major increase in demand over the next couple of decades, thanks to soaring EV adoption. Minerals such as lithium, graphite and cobalt are critical to the development of EV batteries, but their production is almost completely reliant on Chinese companies, something that has left Western pundits and lawmakers extremely worried. Furthermore, the lack of efficient battery recycling techniques makes it incredibly difficult to reuse EV battery minerals and places even more pressure on the world’s already strained supply. According to a team of Swedish researchers, they may have developed a technique…

ThursdayOct 26, 2023 2:49 pm

IMARC 2023: Australia Poised to Take Global Lead in Critical Minerals

The announcement by Prime Minister Anthony Albanese to double the investment in the Critical Minerals Fund sets the scene for this year’s International Mining and Resources Conference (IMARC) in Sydney next week. The AU$4 billion plan is aimed at expanding the production and processing of critical minerals in Australia to secure the country’s position as a global critical minerals powerhouse. Mr Albanese said Australia is in a strong position to help the global shift to net-zero due to its large deposits of critical minerals. “Australia is committed to building sustainable and secure critical minerals supply chains with the United States. This is central to…

WednesdayOct 25, 2023 2:49 pm

IMARC 2023: Providing an in-depth glance into the opportunities of Mongolia’s mining sector

Rich in natural resources, Mongolia has historically attracted significant foreign investment to its mining sector. Producing primarily coal, copper and gold, the mining industry is a crucial aspect of Mongolia’s economy and a significant contributor to its economic growth. With this growth, however, has come a heavy reliance on the mining sector and a range of environmental, social and economic challenges that the country has never had to grapple with. The International Mining and Resources Conference (IMARC), to be held in Sydney from 31 October – 2 November, will see talks from Mongolia’s largest mining companies and associations on the…

WednesdayOct 25, 2023 1:14 pm

China Curbs Graphite Exports, a Move That Could Hamper EV Industry

Last week, the Chinese Ministry of Commerce announced that it would cut graphite exports in a move that has the potential to cripple the global electric vehicle industry. With tensions between China and the United States and its allies rising in recent years, nations such as the U.S. are keen on cutting their reliance on China to limit the Asian country’s leverage in the nascent electric vehicle industry. Battery electric vehicles (BEVs) are powered by lithium-ion batteries and produce zero emissions at the tailpipe, making them a perfect replacement for the internal combustion engine (ICE) cars that currently rule the…

TuesdayOct 24, 2023 2:55 pm

IMARC 2023: How Space is Helping Mining Rise to New Heights

The 2023 International Mining and Resources Conference (IMARC) in Sydney this month is bringing together two seemingly distinct industries, mining and space exploration, to collaborate on innovations that will take both sectors to new horizons. Arvind Ramana, Director of Space Technology Uplift at the Australian Space Agency and a feature panellist at IMARC, believes innovations in space are directly applicable to the mission of accelerating efforts to decarbonise the economy. He highlights the role of space-based technology in detecting and accounting for greenhouse gas emissions, and the importance of space-based sensors in enabling companies and nations to track emissions swiftly and accurately. …

TuesdayOct 24, 2023 2:52 pm

IMARC 2023: World Economic Forum takes the lead on the Global Energy Transition with Exclusive Roundtable

The World Economic Forum (WEF) will bring together political and business leaders at a special forum focusing on the global energy transition, and Australia’s role in it, as part of the International Mining and Resources Conference (IMARC) being held in Sydney from 31 October – 2 November. The event, consisting of an exclusive roundtable and a panel discussion, will explore the challenge of transitioning to renewable energy whilst managing the need for low-cost and reliable power generation. The “Australia Energy Transition Community” roundtable will take place on 1 November for WEF’s mining, energy, finance and public sector members. It will…

TuesdayOct 24, 2023 12:41 pm

Whitehaven to Buy Mitsubishi, BHP Coal Mines at $4.1B

Australian coal operator Whitehaven Coal will purchase two coal mines in Queensland from Mitsubishi and BHP Group, totaling $4.1 billion. BHP Group and Mitsubishi controlled the two mines through an equally owned joint venture and announced the sale after posting a close to 4% drop in iron ore output. The sale occurred at an auction that saw Whitehaven, currently the largest listed miner on the globe, scoop up the Blackwater and Daunia metallurgical coal mines. According to Mitsubishi, the deal was set at $3.2 billion, with the additional $900 million being paid over a three-year period under specific conditions. UBS…

TuesdayOct 24, 2023 9:00 am

Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Provides Update on Drill Program; Announces Low-Dilutive Capital Raise

Prospera Energy recently provided an update on the second phase of the company’s restructuring plan With its initial five horizontal wells and incremental crude production tracking ahead of expectations, Prospera have announced plans to continue their second phase beyond its initially mooted ten well program The company has now announced that it will proceed with a low dilutive capital raise of $3 million, with proceeds destined to fund the exploration company’s ongoing capex Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western…

MondayOct 23, 2023 12:57 pm

Could Legacy Coal Have a Clean Future?

Coal’s contribution to human industrialization cannot be understated; the fossil fuel acted as a relatively efficient source of power during the Industrial Revolution, making it possible to convert iron ore into iron cheaply. This affordable iron was key to the development of infrastructure, such as the Ironbridge Gorge Bridge, and provided raw materials for the machinery used in industrial-age factories. However, despite coal’s role in humanity’s development, the fuel is a major carbon emitter and has played a major role in global warming. Most countries worldwide have now pledged to transition from dirty fossil fuels such as coal to renewable…

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