May 17, 2020

Best mining associations to follow on social media

Associations
Operations
Australiasian Institute of Mining
Operations
Admin
2 min
Best mining associations to follow on social media


TheAustraliasian Institute of Mining and Metallurgy(The AUsIMM) represents 1,400 individuals in the global mineral industry. Since 1893, the Associati...

The Australiasian Institute of Mining and Metallurgy (The AUsIMM) represents 1,400 individuals in the global mineral industry. Since 1893, the Association has provided services to professionals engaged in all aspects of the global minerals sector.

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Since 2001, the International Council on Mining and Metals has served to improve performance in the global mining and metals sector. With 21 of the biggest names in mining, the ICMM aims to drive economic, social and environmental progress through innovative initiatives, programs and guidelines in order to strengthen the contribution of mining, minerals and metals to sustainable development. 

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The World Gold Council (WGC) is a market development organization that works to stimulate demand for gold, develop innovative uses and take new products to the market. The WGC is everything gold and their voice is heard throughout the entire mining industry.

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The Prospectors and Developers Association of Canada (PDAC) represents the mining industry’s voice in Canada. Founded in 1932, the PDAC has a rich history of promoting a responsible, vibrant and sustainable Canadian mineral exploration and development sector. The Association’s primary role includes advocacy, information and networking.

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With members such as ArchCoal, Anglo American, Glencore, BHP Billiton, Rio Tinto, Caterpillar Inc. and Joy Global, the World Coal Association (WCA) is the premier organization for the coal industry. The WCA strives to demonstrate and gain acceptance for the role coal plays in achieving a sustainable and lower carbon energy future.

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As one of the oldest trade association in the world, the Nevada Mining Association aims to provide accurate and credible information about mining in Nevada--the leading mineral producing state in United States. The Association conducts education and lobbying on behalf of mining companies and related industries, and strives to build relationships and get involved in current issues related to the Nevada mining industry.

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Euromines plays a fundamental role in Europe’s mining industry. In addition to acting as an interface between the European extractive industry and the European authorities and international or intergovernmental bodies, Euromines strives to promote the benefits of the mining sector and its value of both the product and the industry to society.

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The Minerals Council of Australia (MCA) represents Australia’s exploration, mining and minerals processing industry, both nationally and internationally. The Association aims to support public policy and operational practices for a global competitive minerals industry. Members of the MCA represent 85 percent of Australia’s annual mineral production and more than 90 percent of mineral export earnings.

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Jun 16, 2021

DRC selects Fortescue to develop giant hydro project

Fortescue Metals Group
Hydroelectric
Green Energy
Renewable Energy
3 min
Democratic Republic of Congo's (DRC's) government working with Fortescue Metals Group to develop Grand Inga hydroelectric power project

Democratic Republic of Congo's (DRC's) government said on Tuesday Fortescue Metals Group would develop the Grand Inga hydroelectric power project, including a 4,800-megawatt dam that has already been committed to Chinese and Spanish developers.

Fortescue to develop dams for world's largest hydroelectric project

Australia's Fortescue confirmed it was in talks with Congo to develop a series of dams that could become the world's largest hydroelectric project, but it said no formal binding agreement had been concluded.

Fortescue's involvement is the latest twist in Congo's decades-long quest to expand Inga, whose two existing dams - completed in 1972 and 1982 - have a combined installed capacity of nearly 1,800 MW.

The proposed expansion of six more dams would bring capacity to over 40,000 MW, roughly double the size of China's Three Gorges dam, currently the world's largest. Total development costs have been estimated at up to $80bn.

In 2018, a Chinese consortium that includes China Three Gorges Corporation and a Spanish consortium that includes AEE Power signed a deal with Congo's government to develop the third dam, known as Inga 3.

Ground has yet to be broken on Inga 3 because of questions over its financial viability. Alexy Kayembe De Bampende, President Felix Tshisekedi's top infrastructure advisor, said the project would now be led by Fortescue.

"Fortescue will be the sole operator for the entire Grand Inga (3 to 8). Chinese & co are welcome to join Fortescue," he told Reuters."There has been discussion between Chinese (Three Gorges) & AEE and (Fortescue) since last year to work together."

Three Gorges and AEE Power did not respond immediately to requests for comment.

DRC's Grand Inga green energy project will create hundreds of thousands of jobs

In a memorandum of understanding signed between Fortescue and Congo in September 2020, Fortescue "acknowledges the existing potential rights held on Inga 3 by third parties".

"In the event that, for any reason, such rights to develop Inga 3 become available, the government of the DRC undertakes to secure for Fortescue Future Industries an exclusive first option to develop Inga 3," it said.

A senior official at the government's Agency for the Development and Promotion of Grand Inga (ADPI), speaking on condition of anonymity, said the ADPI had not been involved in the talks with Fortescue.

Fortescue chairman Andrew Forrest met Congo President Felix Tshisekedi on Sunday to discuss the project. Forrest said Fortescue would use the energy from Inga to produce hydrogen to export around the world.

"The capital cost of this will be many many tens of billions of dollars and direct and indirect employment will be in the hundreds of thousands," he told reporters.

Fortescue has said it plans to fund the majority of its green energy projects off its balance sheet, investing about $1bn a year of its own money.

Fortescue's statement was made in response to an article in the Australian Financial Review.

Meanwhile, Fortescue has teamed up with Hatch, Anglo American and BHP, to form a Green Hydrogen Consortium focused on ways of using green hydrogen to accelerate decarbonisation within their operations globally.

 

Grand Inga

 

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