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CNN —On delivery day at the Manganese Metal Company’s industrial complex in Mbombela, South Africa, truckloads of manganese ore from the Kalahari Basin in the Northern Cape are ushered inside for processing. South Africa has the world’s largest manganese reserves; however, the International Manganese Institute estimates only 2% of the manganese ore produced within the country is locally processed. The Manganese Metal Company says it receives 80,000 tons of ore every year, with plans to build a $25 million commercial processing plant by the end of 2026. With an abundance of manganese reserves, South Africa has potential to become a leader in high purity manganese sulfate production, but d’Harambure says “issues with the electricity sector in South Africa” and “an increase in electricity prices” have made it difficult to produce manganese chemicals and alloys there. Green potentialThese obstacles are not stopping the Manganese Metal Company from trying to capitalize on the EV boom and expand its processing facilities.
Persons: Louis Nel, ” Nel, Aloys d’Harambure, Nel, ” d’Harambure, , d’Harambure, D’Harambure, It’s Organizations: CNN, International Manganese Institute, Metal, International Energy Agency, Metal Company, Employees, Manganese Locations: Mbombela, South Africa, Northern, EVs, China, Mexico, Australia, Europe, Africa
It then went public in 2021 through a special purpose acquisition company, or SPAC, and is looking to establish deep sea mining as a business. "Voices against deep sea mining have never been so loud — from the fishing sector to financiers, indigenous peoples, scientists and big business." In addition, the findings of the study do not mean that Benchmark is endorsing deep sea mining, she added. Deep sea mining won't replace land-based mining, but rather will simply add another source of minerals, she said in March. Regardless, Singh says, there is a lot of work yet to be done by members of the council to establish regulations before any deep sea mining commences.
Persons: Gerard Barron, Carolyn Cole, it's, Amon, That's, Louisa Casson, Charlotte Selvey Miller, Miller, that's, Barron, Kannah, Pradeep Singh, It's, Singh, Allseas, Organizations: The Metals Company, Los Angeles Times, Authority, ISA, Metals Company, Maersk, CNBC, Greenpeace, Company, Benchmark Mineral Intelligence, Benchmark, Democratic, PT Vale Indonesia, . Geological Survey, Metals, Mining, Darton Commodities, Afp, Getty, International Union for Conservation of Nature Locations: Clarion, San Diego, Norway, Mexico, United Kingdom, Texas, Canada, Indonesia, Russia, Democratic Republic of the Congo, Sorowako ., Amon, Kolwezi, Shabara, Congo, Pacific, Nauru, Tonga, Kiribati
"If you take away our health, you take away our wealth," Sanchez, a community planning manager at the Southeast Environmental Task Force, told Insider. The first-of-its-kind settlement with HUD could be a model for environmental justice advocates in other cities. If the city didn't agree to address environmental harms, it risked losing hundreds of millions of dollars in federal housing money. "Now all levels of city government have to listen to us and develop policies that are protective of public health." Sanchez said the case underscored the importance of updating city policies, because administrations come and go.
Persons: Oscar Sanchez, Sanchez, polluters, Robert Weinstock, who's, he's, Cheryl Johnson, Johnson, Jamie Kelter Davis, Weinstock, Brandon Johnson, Charles Rex Arbogast, Angela Tovar Organizations: Service, Environmental, Force, US Department of Housing, Urban Development, Northwestern University's Pritzker School of Law, Urban, Community, Factories, Washington, Getty, Chicago AP Locations: Chicago's, Chicago, Lincoln Park, Black, Calumet
Proponents say that deep-sea mining there is a less damaging way to gather metals like nickel, copper, manganese and cobalt. Opponents of deep-sea mining say there is not enough information to make that kind of decision. Critics of the idea of deep-sea mining have said the process is being rushed. That's what's behind the drive for diversity of supply on land-based mining, as well as exploration of alternatives such as deep-sea mining." Finding consensus for the Wild West of the seaOpponents of deep-sea mining want to tap the brakes.
Dec 31 (Reuters) - Shareholders in Russian metal company NLMK voted on Saturday against paying dividends for the first nine months of 2022, rejecting the company's attempts to reinstate its dividend policy. Earlier this month, NLMK's board had recommended a 2.6-rouble ($0.035) dividend payout for the period, but the company said "high macroeconomic and geopolitical uncertainty" was likely behind the rare shareholder vote on Saturday against a payout. "The payment of full-year 2022 dividends will be considered by the Annual General Meeting of Shareholders planned for June 2023," the company said in a statement issued on Saturday. Some 98% of shareholders voted against paying dividends, according to a regulatory disclosure. Prior to this year's cancellations, NLMK had not missed a quarterly or annual dividend since 2014.
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