Waterberg coalfield at a tough coalface With reserves of 75-billion tons, the Waterberg coalfield would seem to be worth tapping. But few miners have made a success of operations in the area BL PREMIUM 20 May 2021 - 05:00 Lisa Steyn
The Waterberg coalfield in Limpopo, stretching from Lephalale into neighbouring Botswana, has long been touted as the future for SA coal mining and energy. Home to about 75-billion tons of untapped coal resource (40% of SA’s total coal) the area has given rise to many a mining dream. Many have been dashed.
The latest to stumble is Resource Generation, listed on the ASX and the JSE. After developing its Boikarabelo coal project in the Waterberg for more than a decade, it announced last month that funding has been halted, the CFO and COO have stepped down, and the company is mulling its options, including possibly going into administration.
Anglo’s great coal switch-off Dinosaur fuel or green deal? It’s a buyer’s call now as Anglo American shakes loose its old-world coal assets BL PREMIUM 15 April 2021 - 05:00 Lisa Steyn We have ended the war on American energy. And we have ended the war on beautiful, clean coal, declared former president Donald Trump back in 2018.
Sadly for the world’s coal bulls, Trump is now long gone and in spinning off its remaining SA coal assets, Anglo American has the unenviable task of convincing the market that its trash is another man’s treasure.
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Carbon capture and storage no silver bullet BL PREMIUM 14 March 2021 - 16:36 Lisa Steyn
Now the second richest person in the world, Pretoria-born Elon Musk is at a loss to find worthy causes in which to channel his fortune. The Tesla and SpaceX CEO has so far managed to identify only one when last month he launched a competition with a $100m reward the largest incentive prize in history to anyone who can find a way to capture carbon directly from the atmosphere or oceans on a huge scale and lock it away safely.
The world’s leading scientists estimate as much as 6-gigatons of carbon dioxide (CO2) a year must be removed by 2030, and 10-gigatons a year by 2050 if we are to avoid the worst effects of climate change, Musk notes on the competition website. Never mind limiting carbon emissions, he is looking for innovation that will remove it from the atmosphere, ultimately saving all of humanity from the effects of climate change.
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