IN BRIEF: Pembridge posts improved Minto output in first quarter
Wed, 14th Apr 2021 11:52
Pembridge Resources PLC - miner with interest in Minto copper-gold-silver project in Yukon, Canada - Says the Minto mine produced 7,023 wet metric tonnes of concentrate in the first quarter of 2021, up from 4,143 wet metric tonnes in the fourth quarter of 2020. Adds Minto received payments of USD20.8 million from Japan s Sumitomo Corp in the first quarter of 2021, up by from USD17.5 million in the previous quarter. We are pleased to see the improved output from the Minto mine, with a quarterly production of concentrate higher than that achieved in any quarter of 2020. With this improved production combined with the strong copper price, the mine has also received larger payments for its production than in any previous quarter, says Chief Executive & Chair Gati Al-Jebouri.
Last Updated: March 12, 2021 4:19 pm
Microsoft founder Bill Gates’ Breakthrough Energy Ventures, Hong Kong billionaire Li Ka-Shing, Japan’s Sumitomo Corp, and automaker Hyundai Motor Co have invested $22 million in an Israeli green hydrogen startup called H2Pro. H2Pro is a startup that aims to develop hydrogen generators based on the E-TAC (Electrochemical–Thermally Activated Chemical) process.
Bill Gates Invests in Green Hydrogen Startup
Unlike current methods to make green hydrogen such as alkaline water electrolysis, H2Pro takes a two-step approach in its hydrogen generation process. Instead of electric energy,
H2Pro uses thermal energy for releasing the oxygen gas at the anode.
Bill Gates Gates-Backed H2Pro Joins Race to Make Green Hydrogen Cheaper
Related Stories
April 12, 2021
February 23, 2021
February 19, 2021
Israeli startup
Microsoft Corp. founder Bill Gates and Hong Kong billionaire
Li Ka-shing.
As governments and industries get serious about cutting greenhouse gas emissions, demand has grown for hydrogen produced by splitting water using renewable electricity as a potential carbon-free fuel to replace coal, oil and natural gas. H2Pro said Tuesday it raised $22 million to move its technology from the lab to the factory floor. Japan’s Sumitomo Corp. and automaker Hyundai Motor Co also invested.
Hydrogen will likely be a crucial part of decarbonizing industries like steel and cement, and perhaps also shipping and aviation given the limits of current battery technology. Until now, however, green hydrogen hasn’t been widely adopted because it’s quite expensive to produce.
Warren Buffett s Investments in Japan Struggle to Keep Up With the Market
Holdings in fossil-fuel businesses pressure companies that Berkshire Hathaway took 5% stake in
published : 27 Jan 2021 at 04:00 Warren Buffett spent about $6 billion taking 5% stakes in five Japanese investment companies. (Photo: Reuters)
The chief executive of Japan s Sumitomo Corp. was scrolling through emails on his iPhone late one night when he noticed one from Warren Buffett s company. Masayuki Hyodo thought it looked like an ad, but he opened it just in case, then tapped on the PDF attachment.
Before Mr. Hyodo s eyes was a personal letter signed by the American investing legend. Mr. Buffett wrote that his company, Berkshire Hathaway Inc., was about to announce that it had acquired 5% of Sumitomo s shares, part of its biggest investment in Japan.