The Global Investor Commission on Mining 2030 is intended to address the systemic risks faced by the mining sector, which challenge the role it needs to play in the low carbon transition.
Energy storage company Leclanché (SW.LECN) has designed a new battery cell that uses less cobalt and boosts energy density by 20%. The company says it is also produced in an environmentally friendly way, making it more recyclable or easy to dispose of at end-of-life.
If countries worldwide fully implement their announced energy and climate pledges, the global market for key mass-manufactured clean energy technologies will more than triple to $650 billion a year by 2030, according to International Energy Agency (IEA) estimates.
Caterpillar (NYSE:CAT) announced that Dr Lou Balmer-Millar will assume responsibility for the role of chief sustainability officer. The company is a major manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
The US Fish and Wildlife Service (FWS) has listed Tiehm’s buckwheat as an endangered species and will legally protect its last remaining habitat. The area is set to be the site of Ioneer’s Rhyolite Ridge Lithium-Boron mining project, raising questions as to how trade-offs can be avoided between biodiversity and climate solutions.
Canada has devised a C$3.8 billion critical minerals strategy to pursue the large economic potential provided by the green transition. The country is home to many of the minerals and metals that have been deemed 'critical' for energy efficiency products.
Canadian tech startup MineSense has raised $42 million in a series E funding round. It highlights investor confidence in the company’s role in enabling the energy transition by improving efficiency, profitability and sustainability of mining operations.
Mining giant Glencore (LON:GLEN) has signed a 15-year agreement with ACE Green Recycling for the supply of critical minerals that will be recycled from spent batteries.
BMW’s venture capital arm has invested in US-based Jetti Resources, which has developed a novel process of copper extraction from waste ore. This will help the automaker reduce resource consumption in its production process, which forms part of its Vision 2030 plan.
Anglo American has secured a supply of desalinated water to reduce the need for freshwater in drought-stricken Chile. The agreement may appease the environmental regulator and satisfy the KPIs of its recently issued sustainability-linked bond.