Itochu partners with Shell to lower its mining sites’ carbon footprint

Petrochemicals company Shell International and Tokyo-headquartered investment firm Itochu Corporation have agreed to collaborate to accelerate the digitalisation and decarbonisation of Itochu’s mining sites, as well as increase the operational efficiency thereof.

Shell will offer its sectoral expertise in decarbonisation and digitalisation pathways expertise to find solutions that meet the specific needs of Itochu, which manages a metals and minerals portfolio that includes mining sites across the world.

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Aligning energy transition with 1.5°C climate target will yield jobs windfall

An energy transition aligned with a 1.5°C-compatible climate pathway has net positive effects on job creation, a new report published by the International Renewable Energy Agency (Irena) states. The full ‘World Energy Transitions Outlook’ document shows that under a scenario that limits the global average temperature increase to 1.5°C above preindustrial levels by the end of the century, jobs will exceed those created under a planned energy scenario, or PES, which reflects the current energy plans of governments.
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Union welcomes High Court’s decision to set aside ‘unlawful’ Econ Oil supply deal

The National Union of Mineworkers (NUM) has welcomed the Gauteng High Court’s ruling to set aside the R8-billion tender between power utility Eskom and oil blender Econ Oil after the matter was heard on June 9.

The court on June 29 found that the contract was unlawful.

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Eskom’s debt below $28bn amid funding talks, Gordhan says

South African power utility Eskom Holdings has reduced its debt to less than R400-billion as discussions ensue to secure funding for a transition to renewable energy, Public Enterprises Minister Pravin Gordhan. The state-owned company announced in May it had reduced debt by a fifth to about R401-billion.
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First South African city readies to seek private power generation

Ethekwini, the South African municipality that includes the port city of Durban, plans to seek initial proposals for the construction of 400 MW of power generation. The so-called request for information will be the first by a South African municipal area since the government said last year that cities could buy electricity from providers other than Eskom Holdings, the State utility that’s subjected the country to intermittent outages for over a decade.
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