Barrick Gold, for example, has also joined an industry-wide initiative to reduce emissions from open-pit mining operations.
This organization is called Charge on Innovation Challenge and was launched by Rio Tinto, Vale and BHP Billiton. Support comes from Austmine. The credo is that the mining industry must also be at the forefront of tackling climate challenges. Innovative technologies are to be promoted to support decarbonization efforts. In the first phase, which ended 31st July 2021 mining companies joined as patrons, and more than 350 companies from 19 industries registered their interest.
The whole thing is a global competition that should lead to new solutions and concepts for electrification systems for trucks in all sectors. The aim is also to develop charging solutions in the mining sector and to integrate innovations from other industries into the mining sector. The first solutions are to be presented as early as next month. Initial concepts could soon be ready for site testing. The path to low-carbon mining has been taken and is an excellent example of the mining industry working together. Electrified large-capacity haulers and dump trucks could thus make an even greater contribution to reducing emissions in the foreseeable future. Pilot projects and conversions to battery operation are already underway at some mines. Barrick Gold's vision is to achieve net zero emissions by 2050.
Raw materials are necessary for electrification, such as battery metals like nickel and cobalt. These raw materials are owned, for example, by the Canada Nickel Company - https://www.youtube.com/watch?v=kVxHbwKH1j0&t=143s -. Its main project is the Crawford nickel-cobalt sulfide project in Ontario. The company is also working on manufacturing processes for nickel, cobalt and iron products without carbon emissions. Hydrogen technology could also make a big splash in large heavy vehicles, for which it is particularly suitable. Platinum is particularly important for this sector.
A major producer of these raw materials is Sibanye-Stillwater - https://www.youtube.com/watch?v=5AfipT_NDTo - with projects in South Africa and the USA.
Current corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/de/unternehmen/sibanye-stillwater-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/....
This organization is called Charge on Innovation Challenge and was launched by Rio Tinto, Vale and BHP Billiton. Support comes from Austmine. The credo is that the mining industry must also be at the forefront of tackling climate challenges. Innovative technologies are to be promoted to support decarbonization efforts. In the first phase, which ended 31st July 2021 mining companies joined as patrons, and more than 350 companies from 19 industries registered their interest.
The whole thing is a global competition that should lead to new solutions and concepts for electrification systems for trucks in all sectors. The aim is also to develop charging solutions in the mining sector and to integrate innovations from other industries into the mining sector. The first solutions are to be presented as early as next month. Initial concepts could soon be ready for site testing. The path to low-carbon mining has been taken and is an excellent example of the mining industry working together. Electrified large-capacity haulers and dump trucks could thus make an even greater contribution to reducing emissions in the foreseeable future. Pilot projects and conversions to battery operation are already underway at some mines. Barrick Gold's vision is to achieve net zero emissions by 2050.
Raw materials are necessary for electrification, such as battery metals like nickel and cobalt. These raw materials are owned, for example, by the Canada Nickel Company - https://www.youtube.com/watch?v=kVxHbwKH1j0&t=143s -. Its main project is the Crawford nickel-cobalt sulfide project in Ontario. The company is also working on manufacturing processes for nickel, cobalt and iron products without carbon emissions. Hydrogen technology could also make a big splash in large heavy vehicles, for which it is particularly suitable. Platinum is particularly important for this sector.
A major producer of these raw materials is Sibanye-Stillwater - https://www.youtube.com/watch?v=5AfipT_NDTo - with projects in South Africa and the USA.
Current corporate information and press releases from Sibanye-Stillwater (- https://www.resource-capital.ch/de/unternehmen/sibanye-stillwater-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/de/unternehmen/canada-nickel-company-inc/ -).
In accordance with §34 of the German Securities Trading Act (WpHG), I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
Disclaimer: The information provided does not constitute any form of recommendation or advice. Express reference is made to the risks involved in securities trading. No liability can be accepted for any damages arising from the use of this blog. I would like to point out that shares and especially warrant investments are fundamentally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make a mistake, especially with regard to figures and prices. The information contained is taken from sources that are considered reliable, but in no way claim to be correct or complete. Due to judicial decisions the contents of linked external pages are to be answered for (so among other things regional court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG applies additionally: https://www.resource-capital.ch/....
