Adani rebrands to Bravus Mining and Resources in Australia
Indian mining company Adani will change its name to Bravus Mining and Resources in Australia - insisting it celebrates its 10-year anniversary and is not a response to controversy surrounding its proposed Queensland mine.
A report by ABC News, quoting chief executive David Boshoff, said: “We are motivated by how we feel the organisation is transitioning and for what we represent and, as you know, the Adani mining brand has changed in the 10 years from when we started to where we are today," Boshoff explains.
He asserts that if the company name-change was motived by external factors, it would have changed 18 months or two years ago, adding that Bravus was chosen because it is the Latin word for ‘Brave’.
"We believe it's taken a lot of courage and bravery for us to, I guess, stand up for what we believe in and stand up for our community," he says.
Adani Mining has been at the centre of controversy over its Carmichael Mine in central Queensland. Some contractors previously cut ties with the project amid increasing pressure from environmental groups, who claim that if the thermal coal mine goes ahead, it will destroy ancestral lands, waters and cultures of Indigenous people without their consent, while also increasing shipping traffic through the Great Barrier Reef heritage area.
Furthermore, the mine is projected to add around 4.7 billion tonnes of carbon pollution over its 60-year lifespan.
The Indian-owned Adani Group is the overall holding company of a broad business that also includes infrastructure and renewable energy branches in Australia, Boshoff adds, pointing out that mining is just one part of the group’s operations.
Bravus Mining and Resources will remain part of Adani Australia, which is itself part of the parent company in India.
Boshoff adds that the time is right to give Adani’s mining business its own Australian brand.
"We've already delivered on the 1,500 jobs, and £828.5 million in contracts have been committed to Queensland, so we thought it was a good time to give the organisation its own, unique Australian identity," the ABC News report quotes him as saying.
The Carmichael mine project is a thermal coal mine in the Galilee Basin in Central Queensland, which has been approved by the Queensland and federal governments.
The project was given the go-ahead in June 2019, with construction beginning later that year. Initially, the mine was envisioned as one of Australia’s largest, but over years of planning and regulatory processes the mine has been scaled back. More than 400 workers will be on site and accommodation facilities are being built (click here to watch video).
Once operational, Adani estimates that the Carmichael mine will produce 10 million tonnes of thermal coal per year.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.