World Coal Association Assigns Rio Tinto Exec as New Chairman
The leading global authority on coal, the World Coal Association (WCA) has announced the appointment of Harry Kenyon-Slaney as its new Chairman. The former chief executive of Rio Tinto Energy replaces Chair Dr Zhang Xiwu, Chairman of the Shenhua Group, following the WCA general meeting in Canberra last month.
In his opening, Kenyon-Slaney commented: “I’m honoured to have been appointed and look forward to engaging robustly in the debate about how the world’s growing energy needs will be met, whilst also addressing the need to tackle the very real issue of climate change. It is a complex dilemma with no easy solutions.”
The newly appointed Chairman spoke about the current state of the coal market and the global energy demand.
"We as an industry have an interest in ensuring that coal can be extracted and consumed in a way that minimises any environmental impact. I believe we need to see ongoing investment in finding technical solutions to this issue, recognising the significant role fossil fuels will continue to play in the global energy mix."
Kenyon-Slaney also paid tribute to the outgoing Chairman: “I would like to acknowledge the significant contribution made by Dr Zhang and the Shenhua Group during his time as Chairman. Under Dr Zhang’s leadership, the WCA expanded its capability and reach by establishing the Strategic Research Institute and launching Cornerstone, the official journal of the global coal industry.”
Chief Executive of the WCA, Milton Catelin acknowledge “there are however, global challenges we face – energy access, energy security, affordability of energy and reducing emissions, all require us to work together. The coal industry needs to be united, constructive and engaged in major energy policy discussions."
This comes as the Australian coal industry slows down, getting hit hard with financial woes.
Appointed chief executive of Energy in 2012, Kenyon-Slaney joined Rio Tinto in 1990 from Anglo American Corporation where he held management positions in South Africa, Australia, and the UK.
View the entire press release here: http://www.worldcoal.org/extract/world-coal-association-appoints-new-chairman-2-3840/
Copper production from top ten companies to increase by 3.8%
Copper production from the world’s top companies is set to increase by up to 3.8% this year, following a fall of 0.2% in 2020, GlobalData analysis reveals. Last year’s marginal slump saw production drop to 11.76 million tonnes (Mt).
The initial impact of the COVID-19 pandemic on mining operations was immense, however, six of the ten largest copper producers succeeded in increasing output last year. In 2021, copper production from the top ten copper companies is expected to bounce back, rising by up to 3.8%, to reach 12.2Mt, according to GlobalData, a leading data and analytics company.
The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4% growth in 2020. The company’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth. While the latter remained under care and maintenance between April and August 2020, it delivered record production levels during the subsequent months.
Codelco, the world’s largest producer of the red metal used in electric vehicles, also bucked the trend.
Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Despite Codelco reporting over 3,400 active cases during July 2020, the company achieved 1.2% growth in its production in 2020. The company implemented a four-phase plan, as part of the COVID-19 measures, to ensure the health and safety of its employees, while also avoiding any significant impact to its copper output.”
Although the overall impact was minimal, declines in production were observed from Glencore (8.2%), Antofagasta (4.7%), BHP (3.9%) and Freeport McMoRan (1.3%). Reduced operational workforces due to COVID-19 measures, lower ore grades and production halts due to maintenance were the key disruptors to output during 2020.
The move towards electric vehicles and clean energy from renewables sources such as solar panels and wind turbines has driven the copper price to all-time highs. Copper has been among the best performers over the last month where metals ranging from aluminum to iron ore have surged to their highest prices in years. The rally is being fueled by stimulus measures, near-zero interest rates and signs that economies are recovering from the global pandemic.