Page 20 - Mining Weekly News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Axpo plans to build a battery energy storage system to provide ancillary services in the Landskrona region to help balance the grid.

Extending the lifespan of South Africa’s coal-fired power plants is unlikely to attract investment, Standard Chartered warned earlier this month. CEO Kweku Bedu-Addo was quoted by Business Day as saying that investors want to avoid being trapped in stranded assets given the global shift away from fossil fuels. The move would also make it difficult to use sovereign bond sales to fund additional investment in Eskom, given that some arrangements can include so-called use-of-proceeds clauses.

As the energy crisis in the country incrementally worsens, the ramifications are considerable for property owners, who are having to resort to various options to limit the impact of prolonged periods of outages, future-proof their assets and ensure business continuity. However, this is not enough to contain the fallout, and property owners are also calling for efforts to be bolstered, through other solutions, to resolve the energy challenges.

The Mentarang Induk will be the biggest hydropower plant in Indonesia.

Independent research commissioned by Rio Tinto group’s Richards Bay Minerals to benchmark what works for community trusts and conversely what fails, was this week shared with South Africa as a whole in a media briefing. The report comes about following Richards Bay Minerals being prone to considerable past violence, including the murder two years ago to the day of GM Nico Swart and the murder nearly three years ago of Richards Bay Minerals-linked community leader Judia Mbuyazi.