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Anglo American unveils prototype 2MW hydrogen-battery hybrid mine haul truck

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Anglo American plc unveiled a prototype of the world’s largest hydrogen-powered mine haul truck designed to operate in everyday mining conditions at its Mogalakwena PGMs (platinum group metals) mine in South Africa. The hydrogen economy provides an opportunity to create new engines of economic activity.

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FAU researchers discover new way to find new deposits of rare earths; fayalite

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Fayalite (Fe 2 SiO 4 ) with extraordinary high heavy REE (HREE) contents in ultramafic cumulates of the Vergenoeg F-Fe-REE deposit (South Africa) provides the unique opportunity to study REE systematics in olivine. While some data for Mg-rich olivine exist, REE data for Fe-rich olivine are almost absent. —Prof. Resources.

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion of final investment decisions on offshore wind projects in Europe. A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. billion) and South Africa ($5.5

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

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Emerging economies in Africa can gain significant long-term economic value by quickly setting up projects that support the low-carbon transition with transparent governance frameworks. We are only at the beginning of the path to achieving net-zero emissions globally. —Ashish Sethia, global head of commodities at BNEF.

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