Headwinds mounting for world economy into final stretch of 2021

Mining News Pro - The global economy is entering the final quarter of 2021 with a mounting number of headwinds threatening to slow the recovery from the pandemic recession and prove policy makers’ benign views on inflation wrong.

How fossil fuels can help decarbonize the economy

Researchers at Rice University’s Carbon Hub are proposing the idea of actually using hydrocarbons to slash carbon dioxide emissions.

Approvals acceleration to fast track WA economy

Mining News Pro - The Western Australian Government has invested a record amount to accelerate project approvals across several agencies, including the Department of Mines, Industry Regulation and Safety.

WA resources sector adds $83bn to economy

Mining News Pro - Western Australia’s mining and resources industries contributed more than $83 billion to Australia’s economy in 2019-20 and directly provided more than 94,000 full-time jobs, according to a Chamber of Minerals and Energy Western Australia (CME) survey.

Old economy recharges lead market

Mining News Pro - Tesla intends to replace the traditional lead-acid auxiliary batteries in its Model S and X electric vehicles with lithium-ion alternatives in a revamp of the two models.

Iconic South African mines ravaged economy’s unlikely savior

Mining News Pro - The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century.

Mining vital to economy, can help guide country's path

Mining News Pro - Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday.

Bulking up battery sector may add billions to Australian economy

Mining News Pro - Australia could add billions to its economy by accelerating work to extend the battery supply chain beyond mining, according to an industry group backed by major firms like Tesla Inc. and BHP Group.

South Africa's wind energy sector has role to play in reaching a net zero carbon economy

Mining News Pro - Following the release of the Global Wind Energy Council’s 'Global Wind Report 2021', the buzz in the sector is around reaching net zero carbon economies.

Platinum giants get lifeline as green economy boosts demand

Mining News Pro - The world’s biggest platinum miners have been handed a lifeline as the introduction of tougher vehicle emissions rules from Asia to Europe stimulates demand.

Glencore ready to support transition to low-carbon economy

Mining News Pro - Diversified mining and marketing company Glencore is ready to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company reported finishing 2020 with earnings before interest, taxes, depreciation and amortisation (Ebitda) of $11.6-billion, Covid-19 notwithstanding.

Chief executive of Bank Mellat;

Nicico is the pride of Iran’s economy

Mining News Pro - CEO of Bank Mellat said that Nicico is one of their important, major and effective customers.

Mining for the green economy is still dirty work

Mining News Pro - The world’s top producer of refined nickel and palladium is dealing with the aftermath of a devastating Arctic fuel leak that resulted in a record $2 billion levy. It’s among the biggest emitters of acid rain-causing sulfur dioxide. Yet Russian mining giant MMC Norilsk Nickel PJSC spent much of its time with investors this week talking up its green efforts and climate goals. To attain them, it plans to spend $5.5 billion-plus, as part of a broader $27 billion, 10-year investment blueprint.

Mining industry holds largest slice of Australian economy

Mining News Pro - Australia’s mining industry has delivered a 10.4 per cent share of the Australian economy in 2019-20, making it the largest economic contributor with a $202 billion GDP, according to The Australian Bureau of Statistics.

NASA finds rare metal asteroid worth more than global economy

Mining News Pro - NASA’s Hubble Telescope has obtained images of an asteroid so rich in metals that its worth puts our global economy to shame. Think $10,000 quadrillion ($10,000,000,000,000,000,000), compared to the world’s economy, which was worth about $142 trillion in 2019.

Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor

Mining News Pro - Leading Fortune 500 global trading and business investment company Sumitomo Corporation, which has a strong focus on the hydrogen economy, has become the latest investor in partnership with venture capital company AP Ventures Fund II.

New Iamgold mine good news for Canadian economy

Mining News Pro - Joint venture (JV) partners Iamgold and Sumitomo Metal Mining (SMM) on Friday broke ground on the Côté gold project, symbolising the construction start of the new $1.3-billion mine in Ontario.

Hydrogen economy elevating platinum as store-of-value precious metal

Mining News Pro - The hydrogen economy is elevating platinum as a precious metal with long-term store of value, the World Platinum Investment Council (WPIC) said today.

Resources backbone of Covid economy

Mining News Pro - Final trade data for the 2019-20 financial year from the Australian Bureau of Statistics (ABS) has confirmed the strength of Australia’s resources sector in underpinning the economy during the Covid-19 pandemic, federal Resources Minister Keith Pitt said on Tuesday.

Mining to give NSW economy future boost

Mining News Pro - New South Wales has the potential to fortify its economic recovery by approving the 32 mining projects that are sitting in the NSW planning system.

Copper is surging, but it doesn’t mean economy is booming

Mining News Pro - Copper prices are surging, and for once it’s not because the economy is booming.

Chilean mines minister calls for ‘balance’ between safety and keeping economy running

Mining News Pro - Chile’s Mining Minister Baldo Prokurica on Tuesday underlined the need to strike a balance between protecting mine workers from the new coronavirus and keeping the economic engine of the world’s largest copper producer running.

Covid-19 is an important catalyst for hydrogen economy’s take-off

Mining News Pro - Despite being a global pandemic with hugely negative health consequences, Covid-19 is an important catalyst for the take-off of the hydrogen economy, in which platinum plays a fundamental role.

Mining industry recovery may bolster Australia’s economy again

Mining News Pro - Australia’s resource industry is set to aid the economic recovery once again as higher prices and expansion plans assist the nation emerging from its coronavirus lockdown.

Qld miners propping up economy

Mining News Pro - The Queensland resources sector is continuing to support the state’s economy through revenue generation and employment as it works through its Covid-19 response.

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