Pilanesberg Platinum Mine to Reach Full Capacity in 2011
Pilanesberg Platinum Mine in South Africas Northwest province is projected to meet its goal of 250,000 platinum-group metal ounces early next year. Th...
Pilanesberg Platinum Mine in South Africa’s Northwest province is projected to meet its goal of 250,000 platinum-group metal ounces early next year. This is about a year later than the initial target date, reports TSX- and JSE-listed Platmin.
“PPM’s original planned production build-up to an annualized rate of 250,000 PGM ounces by the end of 2009 was an ambitious target, which has not been met. During the critical start-up phase, industry-wide industrial action precipitated ‘go slows’ and work stoppages by contractor employees at PPM, significantly slowing the build-up,” CEO Tom Dale told shareholders.
He explained the interruptions had impacted PPM’s ability to reach a balance between Merensky and upper-group two ores, which were needed for stability and consistency in the processing plants.
Platmin’s board of directors has approved a revised mine plan that aims for 160,000 PGM ounces in metal and sales in 2010 and to 250,000 PGM ounces by early 2011.
Learn more at: Mining Weekly
(Edited by Gabe Perna)
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.