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Newmont to sell Akyem for up to $1.49b Newmont Corporation (ASX: NEM) has revealed it will be selling its Akyem operation in the Republic of Ghana to Zijin Mining Group for up to $1.49b (US$1b). This sale is part of Newmont’s continuing program to divest its non-core assets as it makes a strategic shift to focus on its Tier 1 assets. Under the agreement, Newmont is expected to receive cash consideration of $1.33b (US$900m) upon closing, with a further $148m (US$100m) expected to be received upon the satisfaction of certain conditions, including regulatory approvals. Newmont president and chief executive Tom Palmer commented on the...

MinRes partners with the Y WA for mental health support Mineral Resources (ASX: MIN) has continued its partnership with the Y WA to support the Inside Our Minds campaign. This is the fourth year Mineral Resources has partnered with the Y WA, one of Australia’s largest youth organisations, for the Inside Our Minds campaign. Every day through WA Mental Health Week – which runs from October 5 - 12 – a different video featuring young people talking about their mental health will be shared on...

First units installed at Collie big battery The first containerised battery units are now in place at one of WA’s biggest batteries, the Collie battery energy storage system. When fully operational, the battery will provide 500MW of power with 2000MWh of storage when connected to the grid. The first 80 units are now in place, with the entire system to include 640 units when complete. The Collie battery will join Synergy’s existing battery systems in Kwinana and soak up excess solar and wind energy during the day to provide system stability and support the continued uptake of...

The Steel Authority of India Limited (SAIL) and BHP (ASX: BHP) have signed an MoU to promote lower carbon steelmaking technology for blast furnaces in India. An initial study will be done to assess strategies to reduce greenhouse gas emissions (GHG) after which various workstreams will consider the role of alternate reductants such as hydrogen and biochar use. These measures have been taken with a view to building local research and development capability to support the decarbonisation transition. Technology and abatements deployment as well as partnerships are critical to decarbonising India’s and the global steel industry. SAIL chairman Shri Amarendu Prakash comments on this. “SAIL is looking forward to this collaboration with BHP in taking a step forward towards engaging...

Fortescue Zero’s major advancement in battery development for EVOA Fortescue Zero (ASX: FMG) will begin operations at its US Advanced Manufacturing Centre in Detroit, by producing a high-voltage (HV) marine battery pack using its scalable battery module (SBM) technology. The standardised subpack has been designed, engineered and will be used by advanced marine propulsion expert, EVOA, as the launch customer, to power a range of luxury marine...

Alcoa Foundation contributes $1.8m to Teach For All Alcoa Foundation will be contributing $1.8m across three years to Teach For All to expand mental health support and wellbeing initiatives in classrooms, communities and organisations. This funding will support the launch of new teacher wellbeing initiatives across three continents through support for Teach For Australia, Ensina Brasil and Teach For America. Through programming and research, Teach For All and its partners have found that teacher wellbeing is essential for attracting and retaining educators as well as enhancing their effectiveness. A 2021 study involving the...

Scania’s autonomous trucks make global debut Scania and Regroup will launch the world’s first fleet of autonomous in-pit mining trucks at the Butcherbird mine in WA’s Pilbara. The fleet of 11 autonomous rigid G 560 8x4 tippers – which will transport manganese ore and waste material – is targeting commencement of operations in 2025. Compared to a traditional mining fleet, these vehicles are expected to deliver improved productivity, reduce carbon intensity through improved fuel efficiency, enhance safety and lower costs. Scania Australia managing director Manfred Streit commented on the milestone. “Scania in Australia has been working closely with several...

QRC funding supports net zero future The Queensland Resources Council (QRC) has welcomed funding under the State Government’s Regional Economic Futures Fund (REFF) to examine the use of former mine sites for renewable energy products. QRC chief executive Janette Hewson says the funding will be used for a feasibility study to determine how wind and solar can be used on mined land in the Bowen Basin. “Queensland’s resources sector has an international reputation as a world leader in post-mining land use and this project will build on this to understand social and community benefits from alternative land uses,” she said. “$500,000 provided through...

Current risks to Australia’s $18b per year aluminium industry Australia’s aluminium industry is calling for competitive energy and designated critical minerals status to access global capital and overcome excessive red tape. The closure of a single bauxite mine in WA that employs 600 people can lead to the loss of 10,000 indirect jobs and a $2.7b reduction to GDP, according to latest modelling by the Australian Aluminium Council (AAC). In the Council’s report, Economic Contribution of the Vertically Integrated Australian Aluminium Industry, research has found that the nation’s vertically-integrated aluminium industry contributes $18b a year...