News

BHP switches all Chilean copper operations to renewable energy

BHP has announced that it will supply all of its copper mines in Chile with renewable energy from 2021 after signing four new...

22 October, 2019

Barrick finally reaches agreement with Tanzania over Acacia Mining tax dispute

Barrick Gold Corp has announced a breakthrough deal with the Tanzanian government over a long-running tax dispute with its subsidiary company Acacia Mining. The...

21 October, 2019

Solar energy funding jumps 34% in first nine months of 2019

Solar energy has seen a 34% rise in corporate funding during the first nine months of 2019 compared with the same period last...

18 October, 2019

Barrick Gold hit by lower gold production in Q3

Barrick Gold Corp has estimated that third quarter gold production will be lower than the previous quarter, after it was hit by operational...

17 October, 2019

Anglo American’s new Peruvian copper mine ‘a licence to print money’

Anglo American’s US$5.3 billion Quellaveco copper project has been labelled a ‘generational asset’ and ‘a licence to print money’ by the CEO of...

16 October, 2019

Renewables overtake fossil fuels in critical moment for UK energy transition

New research has shown that sources of renewable energy provided more electricity to the UK’s national grid than fossil fuels during the last...

15 October, 2019

India building $60 billion gas network in bid to cut carbon emissions

India’s oil minister has revealed that companies are investing $60 billion in a national gas grid and import terminals as the nation attempts...

14 October, 2019

BHP facing investor revolt over links to fossil fuel lobbyists

BHP is facing up to an investor rebellion at its annual general meeting next week, after major shareholder Standard Life Aberdeen called for...

10 October, 2019

Siemens partners with Hydrogen Renewables Australia for 5GW green hydrogen plant

Siemens AG has announced a partnership with Hydrogen Renewables Australia (HRA) that will deliver a 5GW combined solar, wind and hydrogen production facility...

09 October, 2019

Brazil to restart uranium mining after five-year hiatus

Brazil will recommence domestic uranium mining later this year after nuclear regulator Cnen issued a licence to the country's only uranium mine, located...

08 October, 2019

Cheaper renewables could threaten $71 billion of Japanese coal assets

New research led by the University of Tokyo has found that up to US$71 billion of Japanese coal assets could be at risk...

07 October, 2019

Bob Dudley calls time on his role as BP boss

BP is on the brink of a new era after long-standing chief executive Bob Dudley announced he would be stepping down from the...

04 October, 2019

Unearthed Solutions to offer pitch spots for tech startups at 2020 Mining Indaba

Unearthed Solutions has partnered with the Investing in African Mining Indaba to provide an opportunity for innovative technology startups to pitch their projects...

03 October, 2019

GE to supply Haliade-X turbines to world’s largest offshore wind farm

The world’s largest wind turbines will power the world’s offshore wind farm after GE Renewable Energy signed a supply deal with Dogger Bank...

02 October, 2019

Saudi Aramco reveals $75 billion dividend plan ahead of IPO

Saudi Aramco has pledged to pay potential investors an annual base dividend of US$75 billion as the Saudi oil giant ramps up its...

01 October, 2019

Saudi miner Ma’aden brings in new chairman to replace Falih

Saudi Arabia has appointed Yasir al-Rumayyan, governor of the country’s Public Investment Fund (PIC), as the new chairman of state-run mining company Ma’aden,...

30 September, 2019

ExxonMobil retreats from North Sea with $4.5 billion divestment deal

ExxonMobil has agreed to sell the majority of its Norwegian assets in the North Sea to Vår Energi for US$4.5 billion, after the...

27 September, 2019

Equinor inks offshore wind farms MoU with Chinese power firm

Equinor has signed a memorandum of understanding (MoU) with China Power International Holding (CPIH) that will see the companies cooperate on the development...

26 September, 2019

Mineral resource nationalism in Africa set to rise, finds report

A new report by global consultancy Verisk Maplecroft has found that resource nationalism is set to increase across African mining jurisdictions in the near future. Verisk’s...

25 September, 2019

Saudi oil attacks: Full production to be restored next week, says source

Saudi Arabia has claimed it will bring its crude output back to full capacity early next week, following the attacks on its Abqaiq...

24 September, 2019

Google plots biggest renewable energy deal in corporate history

Google has announced it will invest over US$2 billion in a package of renewable energy projects - a deal which resembles the largest...

23 September, 2019

UK offshore wind sector smashes records with lowest ever price auction

  The UK has announced record low prices for offshore wind energy in the latest Contracts for Difference (CfD) auction round, with prices dropping...

20 September, 2019

Lithium developer Prospect Resources targets European markets with Frankfurt listing

Prospect Resources has made a secondary listing on Germany’s Frankfurt Stock Exchange as the Zimbabwe-based lithium developer looks to gain greater exposure to...

20 September, 2019

Strong solar market encourages Scatec Solar to raise capacity outlook

Norwegian solar PV builder and operator Scatec Solar has lifted its capacity outlook on strong demand for renewable energy across the 13 global...

19 September, 2019

Sirius Minerals cancels $500 million bond sale for UK potash mine

LSE-listed miner Sirius Minerals has been forced to cancel a US$500 million bond sale for its large scale potash mine in the UK,...

18 September, 2019

Oil price soars by 15% as markets react to attack on Saudi facilities

The price of crude oil jumped by 15% yesterday after an attack on Saudi Arabia’s vast processing facilities cut output by 5.7 million...

17 September, 2019

SA-based Master Drilling looks towards new markets as domestic growth slows

South African mining services firm Master Drilling has identified opportunities in new international markets after challenging conditions in its home market contributed to...

11 September, 2019

Saudi firm ACWA Power to increase renewables focus over next decade

Saudi Arabian utility developer ACWA Power has revealed plans to lift the share of renewable energy projects in its portfolio to 70% over...

10 September, 2019

Australian Vanadium handed ‘major project status’ for WA asset

ASX-listed Australian Vanadium has been given ‘major project status’ by the Australian federal government for its flagship deposit, located in Murchison Province, Western...

09 September, 2019

Oil and gas firms undermining climate targets, finds report

Oil and gas companies have approved US$50 billion of new investment in major projects since 2018, undermining climate change targets set out in...

06 September, 2019