Category Archives: Mining

RUSSIA WANTS TO ATTRACT INDIAN INVESTORS TO MINE RAREEARTHS IN FAR EAST

Indian companies IREL (Erstwhile Indian Rare Earths Ltd) and KABIL (Khanij Bidesh India Ltd) are looking into rare earth elements projects in Russia, according to Russia’s Far East Investment and Export Agency. In a meeting with Indian firms in New Delhi, the Russian delegation presented perspective projects that could be implemented in the remote Far Eastern region and the Arctic zone. “We’re considering mining of lithium and cobalt,” the director of the agency, Leonid … Continue reading

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BBCNEWS: EUROPE’S NEW SPACE BUDGET TO ENABLE CO2 MAPPING

Europe will press ahead with a network of satellites to track carbon dioxide emissions across the globe. They will be developed out of a new European Space Agency (Esa) budget agreed in Seville, Spain. Research ministers on Thursday approved a package of proposals worth some €14.4bn (£12.3bn/$15.9bn) over the next five years. As well as the new CO2 monitoring system, the funds will also pave the way for missions to the Moon and Mars. … Continue reading

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BLOOMBERG: TESLA SET TO BULK UP THE WORLD’S LARGEST LITHIUM-ION BATTERY

Australia’s Hornsdale battery to expand capacity by 50% Storage system has saved consumers more than A$50 million The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc. set to beef up capacity at the Hornsdale site in South Australia. The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers … Continue reading

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ABC NEWS: RARE EARTH MINERAL DEAL INKED BY US AND AUSTRALIA — WHAT DOES THAT MEAN?

A select group of minerals power our modern world. Some of these include minerals such as lithium, which form the backbone of rechargeable batteries found in everything from electric cars to your laptop. Other minerals are largely found within a group known as “rare earths” sporting names you may have never come across. These are found within our smartphones, computers, medicines and even in some defence weapons systems. Cerium, for example, is a rare … Continue reading

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FORBES: THE RISE OF#CARBONTECH – CO2 FINDS MARKET VALUE

Exciting things are happening in the world of carbon capture. A new category of companies are coming to market that are using technological innovation to turn excess CO2 into useful, marketable products. They are calling themselves “CarbonTech” or “Carbon to Value” and proposing that carbon waste can be turned into products of real value. According to the 2018 report by the Intergovernmental Panel on Climate Change (IPCC), humanity will need to reduce its global … Continue reading

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BBC NEWS: ELECTRIC CAR FUTURE MAY DEPEND ON DEEP SEA MINING

The future of electric cars may depend on mining critically important metals on the ocean floor. That’s the view of the engineer leading a major European investigation into new sources of key elements. Demand is soaring for the metal cobalt – an essential ingredient in batteries and abundant in rocks on the seabed. Laurens de Jonge, who’s running the EU project, says the transition to electric cars means “we need those resources”. He was … Continue reading

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FORBES: AUSTRALIA MAY BE THE SAVING GRACE FOR THE RARE EARTH METALS MARKET

When Colorado-based Molycorp Inc. filed for bankruptcy in 2015, the U.S. lost its sole remaining miner and producer of rare earth elements (REEs)—those inconspicuous metals with unpronounceable names like praseodymium, yttrium and gadolinium. The company’s key project, the open-pit Mountain Pass mine in California, was once the world’s top source for rare earths, which are used today in a growing number of important high-tech applications, from lasers to wind turbines to missile guidance systems. … Continue reading

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BLOOMBERG: VOLVO CARS GOES FOR BLOCKCHAIN TECH TO AVOID UNETHICAL COBALT

Swedish firm launched its first fully electric car last month Shift away from fossil fuels is posing challenge for carmakers Volvo Cars will use blockchain technology to trace the origin of cobalt used in its batteries in an effort to avoid supplies produced by children and under unethical conditions. The commodity, an important ingredient in lithium-ion batteries, is mainly extracted in Congo, which last year produced more than two-thirds of the world’s cobalt. While … Continue reading

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BLOOMBERG: INDONESIA SUSPENDS NICKEL ORE EXPORTS WITH IMMEDIATE EFFECT

(Bloomberg) — Indonesia suspended exports of nickel ore with immediate effect after a planned ban on shipments from the beginning of next year led to a rush to beat the deadline. The mineral meant for exports during the rest of the year will be absorbed by domestic companies with smelters, Indonesia’s Investment Coordinating Board Chairman Bahlil Lahadalia told reporters in Jakarta on Monday. The government and nickel miners association agreed to halt exports immediately … Continue reading

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MIT ENGINEERS DEVELOP A NEW WAY TO REMOVE CARBON DIOXIDE FROM AIR

The process could work on the gas at any concentrations, from power plant emissions to open air. David Chandler | MIT News Office October 24, 2019 A new way of removing carbon dioxide from a stream of air could provide a significant tool in the battle against climate change. The new system can work on the gas at virtually any concentration level, even down to the roughly 400 parts per million currently found in … Continue reading

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