Weak emission standards may lead Europe to risk €27bn in battery investments

Mining News Pro - An analysis published by the European Federation for Transport and Environment states that the EU and the UK risk wasting €27 billion in battery investments if they fail to strengthen car and van CO2 emission standards.

MaxMine welcomes investment in data management solutions

Mining News Pro - MaxMine has sold a quarter of its business to Viburnum Funds to drive the evolution and growth of the data management and analytic solutions provider.

POSCO's investment approved by FCC

Mining News Pro - The Tanzanian government’s Fair Competition Commission (FCC) has approved Korean major POSCO’s $7.5-million investment into ASX-listed Black Rock Mining.

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions

Mining News Pro - A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting carbon emissions to net-zero by 2050.

Mongolia threatens to cancel Oyu Tolgoi investment agreement

Mining News Pro - The Mongolian government has threatened to declare the 2009 Oyu Tolgoi mine investment agreement void if an international tax arbitration is not dismissed.

AP Ventures makes yet another promising hydrogen investment

Mining News Pro - AP Ventures Fund II focuses on hydrogen and its role in decarbonising energy and this latest investment is set up to contribute to establishing a well-functioning market and value chain for hydrogen in Norway and around the world. ADVERTISEMENT AP Ventures, which has the Public Investment Corporation of South Africa and Anglo American Platinum as its two cornerstone investors, has announced that Nysnø Climate Investments, Equinor Ventures and Yara Growth Ventures have become its first Norwegian Limited Partners in AP Ventures Fund II. Nysnø Climate Investments, Equinor Ventures and Yara Growth Ventures, a Norwegian consortium with Tier 1 investors, is now in a venture fund dedicated to hydrogen, for which Norway is a recognised strategic location. ADVERTISEMENT AP Ventures fund invests in technologies throughout the hydrogen value chain and participation in it offers investors access to innovation and accelerates the development of a new hydrogen economy. “We see significant strategic value in welcoming a Norwegian consortium of Limited Partners. Nysno Climate Investments, Equinor Ventures and Yara Growth Ventures are investors we have known for a long time through our portfolio companies and we are very pleased to have formalised our relationship with them,” AP Ventures founder and partner Kevin Eggers stated in a release to Mining Weekly. “Norway has the potential of leading Europe in the transition to a hydrogen-powered economy and we are excited for the opportunity this partnership will bring to our portfolio,” Eggers added. Hydrogen, which can be generated and converted into electricity with the help of platinum group metals, is a promising energy carrier to reduce emissions from hard-to-abate sectors, like industrial processes and long-haul transport. Bloomberg New Energy Finance estimates that clean hydrogen could account for 24%t of global energy demand by 2050, up from 2% in 2020. Following the commitments from Nysnø Climate Investments, Equinor Ventures and Yara Growth Ventures, AP Ventures’ total assets under management are $344-million. Besides the two cornerstone investors, other existing investors include South Africa’s platinum group metals producer Implats, the Mirai Creation Fund, Mitsubishi Corporation, Pavilion Capital, Plastic Omnium and Sumitomo Corporation. “We look forward to collaborating with knowledgeable investors in the hydrogen space, bringing deep industry insight to a value chain that is especially exciting for Norway. AP Ventures mobilises private capital to build up an ecosystem for hydrogen globally and offers Norwegian companies access to a larger global market," Nysnø Climate Investments CIO Eivind Egeland Olsen stated in the release. PARTNERSHIP OF STRATEGIC VALUE “Our ambition is to grow new business opportunities that enable a green transition in energy intensive industries, such as fertiliser production, and in shipping. Investing in startups that drive innovation throughout the clean hydrogen value chain is a key focus area for us. “We’re excited to join AP Ventures and work closely with our partners to make the clean hydrogen revolution a reality,” Yara Growth Ventures head Erkki Aaltonen stated. Yara Growth Ventures is the venture capital arm of Yara International ASA, focusing on investing in startups and as a Limited Partner in VC funds. “Equinor’s ambition is to reach net-zero emissions by 2050 and an important tool for success is to develop profitable value chains for carbon capture and storage and hydrogen. In order to develop such value chains, we need to work together with partners. The investment in AP Ventures will help us explore and expand our knowledge of hydrogen solutions that can play a role in the energy transition. We look forward to working closely with AP Ventures and other partners to create real impact,” said Equinor Ventures VP Gareth Burns. By investing in AP Ventures, Nysnø Climate Investments, Equinor Ventures and Yara Growth Ventures contribute to developing companies and technologies that build a hydrogen economy with less emissions, which contributes towards climate change mitigation. AP Ventures other investments in pioneering new technologies and businesses which aim to solve global challenges include investments in Altergy Systems, C-Zero, ERGOSUP, Greyrock Energy, Hazer Group, HPNow, HRS, HyET Hydrogen, Hydrogenious LOHC Technologies, Hystar, Infinium, Insplorion, Plug Power, Starfire Energy, and ZEG Power. All these companies either utilise or enable the use of platinum group metals.

EU publishes rulebook to classify ‘green’ investments

Mining News Pro - The European Commission on Wednesday published its long-awaited system to classify green investments in sectors from industry to transport, but delayed vexed decisions on whether to label nuclear energy and power plants fuelled by natural gas as green.

Pro-foreign investment Lasso wins Ecuador presidential election

Mining News Pro - Guillermo Lasso, a 66-year-old conservative former banker, has won Ecuador’s presidential election with 52.5% of the votes, beating out Andrés Arauz, a 36-year-old leftist handpicked by former President Rafael Correa.

Antofagasta says surging copper price not enough to entice big investments

Mining News Pro - Miners will think twice before splashing out on major new projects even as copper prices have soared to decade-long highs this year, the CEO of Chile`s Antofagasta told Reuters.

Rio Tinto increases Paterson Province investment

Mining News Pro - Rio Tinto has increased its stake in the Citadel joint venture (JV) with Antipa Minerals in Western Australia, after solely funding more than $25 million in the gold-copper project.

Kirkland Lake maps out five-year technology investment

Mining News Pro - Kirkland Lake Gold plans to invest $US75 million ($98 million) in environmental technology centres over each of the next five years to reduce its carbon footprint while embracing automation and digitisation.

Pitt pushes inquiry into coal investment

Mining News Pro - Australia’s Minister for Resources, Water and Northern Australia Keith Pitt has announced an inquiry into the financial sector’s treatment of Australia’s resources industry.

New Age Metals stock surges on new Sprott investment

Mining News Pro - New Age Metals Inc. announced on Friday it has received subscriptions for a non-brokered private placement of approximately 31.56 million units of the company at a price of C$0.16 per unit, for aggregate gross proceeds of C$5.05 million.

Greek lawmakers seal revised deal to restart Eldorado`s mines investment

Mining News Pro - Greek lawmakers approved a revised contract with Canada`s Eldorado Gold on Wednesday, opening the way for restarting a major mining investment stalled for years over licensing and environmental concerns.

Strong investment demand sustained platinum in the fourth quarter of 2020

Mining News Pro - For the third consecutive quarter, platinum remained in a deficit, at 170 000 oz, in the fourth quarter of 2020 as strong demand in the automotive, industrial and jewellery sectors and sustained strong investment demand for platinum outstripped constrained supply, the World Platinum Investment Council (WPIC) says in its latest `Platinum Quarterly`.

Minerals Council recommends replacement of Samrad to encourage greater investment in exploration

Mining News Pro - The Minerals Council South Africa has made recommendations to the Department of Mineral Resources and Energy (DMRE) about critical reforms that are needed to encourage greater investment in exploration and mining.

Mexican mining chamber warns uncertainty to bring investment cuts

Mining News Pro - Mexico`s large mining sector will likely see some recovery this year after 2020`s pandemic-induced slump, but a key industry leader said he fears rising political risk will drag down growth as companies focus new investments elsewhere.

Rio Tinto bolsters investment in Tom Price

Mining News Pro - Rio Tinto has spent over $500 million to develop the Greater Tom Price iron ore operations in Western Australia’s Pilbara region.

Nevada replaces WA as top investment destination

Mining News Pro - Western Australia has been removed from its top position in investment attractiveness, falling to fourth position, according to the Fraser Institute’s annual global survey of mining and exploration companies for 2020.

Investments to start paying off this year, says Hudbay

Mining News Pro - While 2021 remains a year of investment for base metals miner Hudbay, it is also the year in which the company expects to start to see the benefits of its high-return investments as it grows production in Peru and Canada.

CATL to make additional investment in Neo Lithium

Mining News Pro - Contemporary Amperex Technology (CATL) is planning to increase its investment in Neo Lithium and maintain an 8% equity interest in the lithium miner following Neo’s recently announced C$30.19 million financing.

Liberia sees $800m ArcelorMittal investment this year

Mining News Pro - Liberia’s government expects talks with ArcelorMittal to yield an agreement to invest $800-million in the West African nation, President George Weah said.

Appian closes $775m fund as institutions line up for mining investment

Mining News Pro - Appian Capital Advisory has had a busy seven years since the London-based firm raised its flagship mining and metals fund in 2014.

Critical Metals closing in on potential investment opportunities in Africa

Mining News Pro - Investment company Critical Metals says it stands ready to drive its strategy forward, despite the uncertainty around the supply of and demand for critical metals, as the need to invest in a stable supply becomes increasingly apparent.

China to abolish access restrictions on foreign investment in energy sector

Mining News Pro - China will fully lift access restrictions on foreign investment in coal, oil, gas, power generation, excluding nuclear, as well as the new energy businesses, according to a sector white paper released on Monday.

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