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/
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.