Saturday, May 18, 2024

 

Vertical Axis Wind Turbines Redefined by Machine Learning


     Brian Westenhaus - May 17, 2024

  • EPFL researchers developed optimal pitch profiles for vertical-axis wind turbines using a genetic learning algorithm.

  • The new pitch profiles resulted in a 200% increase in turbine efficiency and a 77% reduction in structure-threatening vibrations.

  • VAWTs have advantages over traditional horizontal-axis wind turbines, including reduced noise and wildlife-friendliness.

EPFL (École Polytechnique Fédérale de Lausanne) researchers have used a genetic learning algorithm to identify optimal pitch profiles for the blades of vertical-axis wind turbines. Vertical-axis wind turbines with their high energy potential, have until now been vulnerable to strong gusts of wind.

The explanatory open access paper has been published Nature Communications.

When you consider today’s industrial wind turbine, you likely picture the windmill design, technically known as a horizontal-axis wind turbine (HAWT). But the very first wind turbines, which were developed in the Middle East around the 8th century for grinding grain, were vertical-axis wind turbines (VAWT), meaning they spun perpendicular to the wind, rather than parallel.

Due to their slower rotation speed, VAWTs are less noisy than HAWTs and achieve greater wind energy density, meaning they need less space for the same output both on- and off-shore. The blades are also more wildlife-friendly: because they rotate laterally, rather than slicing down from above, they are easier for birds to avoid.

With these advantages, why are VAWTs largely absent from today’s wind energy market? As Sébastien Le Fouest, a researcher in the School of Engineering Unsteady Flow Diagnostics Lab (UNFOLD) explains, it comes down to an engineering problem – air flow control – that he believes can be solved with a combination of sensor technology and machine learning. In the paper recently published in Nature Communications, Le Fouest and UNFOLD head Karen Mulleners describe two optimal pitch profiles for VAWT blades, which achieve a 200% increase in turbine efficiency and a 77% reduction in structure-threatening vibrations.

EPFL’s experimental VAWT blade Image Credit: © UNFOLD EPFL CC BY SA. Click the press release link for more and larger images.

Le Fouest noted, “Our study represents, to the best of our knowledge, the first experimental application of a genetic learning algorithm to determine the best pitch for a VAWT blade.”

Turning an Achilles’ heel into an advantage

 Le Fouest explained that while Europe’s installed wind energy capacity is growing by 19 gigawatts per year, this figure needs to be closer to 30 GW to meet the UN’s 2050 objectives for carbon emissions.

“The barriers to achieving this are not financial, but social and legislative – there is very low public acceptance of wind turbines because of their size and noisiness,” he said.

Despite their advantages in this regard, VAWTs suffer from a serious drawback: they only function well with moderate, continuous air flow. The vertical axis of rotation means that the blades are constantly changing orientation with respect to the wind. A strong gust increases the angle between air flow and blade, forming a vortex in a phenomenon called dynamic stall. These vortices create transient structural loads that the blades cannot withstand.

To tackle this lack of resistance to gusts, the researchers mounted sensors onto an actuating blade shaft to measure the air forces acting on it. By pitching the blade back and forth at different angles, speeds, and amplitudes, they generated series of ‘pitch profiles’. Then, they used a computer to run a genetic algorithm, which performed over 3500 experimental iterations. Like an evolutionary process, the algorithm selected for the most efficient and robust pitch profiles, and recombined their traits to generate new and improved ‘offspring’.

This approach allowed the researchers not only to identify two pitch profile series that contribute to significantly enhanced turbine efficiency and robustness, but also to turn the biggest weakness of VAWTs into a strength.

“Dynamic stall – the same phenomenon that destroys wind turbines – at a smaller scale can actually propel the blade forward. Here, we really use dynamic stall to our advantage by redirecting the blade pitch forward to produce power,” Le Fouest explained. “Most wind turbines angle the force generated by the blades upwards, which does not help the rotation. Changing that angle not only forms a smaller vortex – it simultaneously pushes it away at precisely the right time, which results in a second region of power production downwind.”

The Nature Communications paper represents Le Fouest’s PhD work in the UNFOLD lab. Now, he has received a BRIDGE grant from the Swiss National Science Foundation (SNSF) and Innosuisse to build a proof-of-concept VAWT. The goal is to install it outdoors, so that it can be tested as it responds in real time to real-world conditions.

“We hope this air flow control method can bring efficient and reliable VAWT technology to maturity so that it can finally be made commercially available,” Le Fouest said.

**

One does certainly hope this development has the wherewithal to replace a lot of those dangerous ugly and noisy HAWTs. While wind is a notorious intermittent power source the industry has a lot of momentum that sucks up immense amounts of ratepayer and taxpayer money. Stamping out rent seeking plans like wind turbines could serve as an example of how terribly an economy and its citizens are damaged by political enforced rent making schemes.

It would be great of the developers could say the technology can stand economically on its own. But the press release makes no such comments.  The reality is these can only supplement a bit when the winds blows.

By Brian Westenhaus via New Energy and Fuel

New York Grants Final Approvals for Empire Wind to Start Construction

South Brooklyn Marine Terminal
New York approved the connections for the wind farm at the South Brooklyn Marine Terminal (Equinor)

PUBLISHED MAY 16, 2024 5:33 PM BY THE MARITIME EXECUTIVE

 

 

The New York State Public Service Commission granted Empire Offshore Wind its final approval, authorizing the project to begin construction on the 810MW offshore wind farm. This comes after the federal Bureau of Ocean Energy Management (BOEM) gave its final approvals for the wind farm in February and is the latest demonstration of the efforts to build momentum in the U.S. offshore energy sector. 

“Offshore wind is a critically important part of our fight against climate change, and today’s decision will help move forward a zero-emissions electric grid that will provide long-term benefits to all New Yorkers,” said New York Governor Kathy Hochul.

The Certificate of Public Convenience and Necessity (CPCN) issued today authorized the construction and operation of transmission facilities for the delivery of electricity into New York from the 810 MW first section of the offshore wind farm. Equinor holds the lease won in December 2016 and signed in March 2017 for 80,000 acres south of Long Island. The anticipated commercial operation date is 2027, with first power in 2026.

BOEM issued its Record of Decision in November 2023 and its final approval of the Construction and Operations Plan for both Empire Wind 1 and 2 in February. The total project to be developed in two phases has the potential for a capacity of nearly 2.1 GW. However, Equinor only plans to move forward immediately on Phase 1 holding the second section for later solicitation.

Today’s approval includes the transmission facilities with two lines from the offshore site to Brooklyn. An onshore substation will be located at the South Brooklyn Marine Terminal and further lines will bring the power to Consolidated Edison Company of New York, Inc.’s existing Gowanus 345 kV substation in Brooklyn.

“The approval by the New York State Public Service Commission (PSC) of the Certificate of Public Convenience and Necessity is another important step for the development of the Empire Wind 1 project,” said Molly Morris, President of Equinor Renewables Americas. “With this authorization in place, combined with other federal, state, and local authorizations, critical construction can begin in Brooklyn that will help connect the 810 MW of renewable energy produced by Empire Wind 1 to the New York City grid.”

Equinor received a conditional award in February after rebidding for the power purchase agreement and was working to complete an agreement on final terms with the New York State Energy Research and Development Authority (NYSERDA). At the time, the company said it expected to complete the NYSERDA agreement in the second quarter and that a final investment decision was expected in mid-2024. Equinor said it plans to use project financing, with the financial close anticipated by the end of 2024.

“Steel in the Water” for Next Two Large U.S. Offshore Wind Farms

wind foundations
First foundations loaded for installation at Costal Virginia Offshore Wind Farm (Port of Virginia)

PUBLISHED MAY 15, 2024 6:56 PM BY THE MARITIME EXECUTIVE


Two of the larger offshore wind farms planned for the U.S. East Coast have each gotten underway with their offshore installation. Coming just months after the commissioning of the first commercial-scale U.S. offshore wind farm it is the latest demonstration of the building momentum in the sector after the challenges in 2023.

Located roughly 15 miles south of the Rhode Island coast and 32 miles southeast of the Connecticut coast, the Revolution Wind project is adjacent to Ørsted and Eversource’s South Fork Wind, America’s first utility-scale offshore wind farm. The project also highlights that it will be the first multi-state offshore wind farm in the United States supplying power to both states.

First steel was achieved for Revolution Wind pounding in the first of the 65 turbine foundations that will hold the turbines. The project is expected to be in operation in 2025. Once in operation, it will generate 400 megawatts of offshore wind power for Rhode Island and 304 megawatts for Connecticut, enough clean energy to power more than 350,000 homes across both states.

“America’s offshore wind industry is scaling up, and the first steel in the water at Revolution Wind is a tremendous milestone for Rhode Island and Connecticut’s clean energy journey,” said David Hardy, Group EVP and CEO Americas at Ørsted. “We’re building on our successful track record with the Block Island Wind Farm and South Fork Wind, and Revolution Wind can generate more than four times as much power as those two projects put together, demonstrating the enormous economic opportunity of offshore wind.”

Three New England ports are supporting the effort to build Revolution Wind. In New London, Connecticut, the first of Revolution Wind’s turbine components have started arriving at State Pier, the staging and marshaling port for the project, where they will be assembled before transfer to the site. In Providence, Rhode Island, crews are also readying for loadout of foundation components, which were built at Ørsted and Eversource’s construction hub at ProvPort. The crew helicopters and crew transfer vessels are operating from the state’s Quonset Point facility.

 

Revolution Wind installed the first of 65 foundations for the 704 MW wind farm (Orsted)

 

To the south, off the coast of Virginia, the first six foundations headed out last weekend for Dominion Energy’s Coastal Virginia Wind Farm. It will be the largest offshore farm so far in the United States slated to provide 2.6 GW once fully constructed in late 2026. CVOW will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area off the coast of Virginia Beach.

The monopole foundations were being moved to the site which is 30 miles off Virginia Beach. DEME’s vessel Orion has already arrived and it will be conducting the installations. Because the project is sited in an area for seasonal North Atlantic right whale migration, the installation will be conducted this October 31 this year. 

As both projects move forward, the Bureau of Ocean Energy Management is also continuing to push forward on the review of additional projects.  It also mapped out its mid-term plan for site development and moved toward the next auctions in the Gulf of Mexico and the first in the Gulf of Maine.

Assembly Starts for First U.S. Rock Installation Vessel for Offshore Wind

keel block
Keel block for the rock installation vessel lowered into the Philly Shipyard assembly dock (Great Lakes Dredge & Dock)

PUBLISHED MAY 16, 2024 7:51 PM BY THE MARITIME EXECUTIVE

 

Great Lakes Dredge & Dock Corporation reports that construction has begun on its subsea rock installation vessel, the first of its kind planned for the U.S. and the first to be Joens Act complaint. The vessel is part of the company’s long-term growth strategy to enter the U.S., and possibly internationally, offshore wind market. The vessel is designed to put the company in a unique business position in the U.S. market while it also continues to pursue and tender bids both domestically and internationally.

The first section, known as the grand block, was placed into the assembly dry dock at the Philly Shipyard on May 2.  The company first announced its intentions for the vessel in December 2020 and confirmed the order with Philly Shipyard in November 2021. Work on the vessel began in the summer of 2023 with a ceremonial first steel cut attended by President Joe Biden. 

The yard reported the contract was for $197 million for the first vessel, originally scheduled for delivery in the fourth quarter of 2024, and with Great Lakes retaining a right of first refusal on a second ship possibly for the fourth quarter of 2025. The total value of the order if both vessels are built would be $382 million.

The basic design was developed by Ulstein and it will be unique in the U.S. market as the only purpose-built vessel to lay rocks and material used to protect and stabilize foundations and cables for offshore wind farms. The vessel will be 461 feet (140.5 meters) with crew accommodations for 45 people and a capacity to carry up to 20,000 MT of rock.

“Keel laying, commonly referred to as the birthday of a ship, is a big milestone in the ship construction process, said Lasse Petterson, CEO of Great Lakes. “We are so pleased to be at this stage with our new vessel, as we can see the results of years of planning and engineering coming together with Philly Shipyard.”

 

Rendering of the rock installation vessel (Great Lakes Dredge & Dock)

 

The new vessel, the Acadia, already has contracts to provide critical services to Equinor’s Empire Wind 1 wind farm in New York in 2025 and Ørsted’s Sunrise Wind project. Today, New York State granted final approval for the Empire Wind 1 project moving it a step closer to construction. Equinor has said work would begin at the onshore site in Brooklyn with a final investment decision expected before the end of this year.

Great Lakes, however, was also notified by Equinor that it was canceling a second contract that had been awarded in consortium with Van Ord. That cancellation was announced in January for the work planned in 2026 on Empire Wind II. Equinor has said it was holding the second phase of the wind farm after canceling its power purchase agreement with New York State. The company received approvals from the federal government but would need to submit the project in a future New York solicitation.

The company recently told investors during its first quarter financial report that it expects to take delivery of the Arcadia in 2025. They said they were pursuing and bidding on projects both in the U.S. and internationally for 2026 and beyond.

At the first steel cut in July 2023, President Biden highlighted that the vessel is one of 18 offshore wind shipbuilding projects as well as investments of nearly $3.5 billion across 12 manufacturing facilities and 13 ports to develop the U.S. offshore wind supply chain. The vessels are being built at shipyards ranging from Florida to Louisiana, New York, Massachusetts, Michigan, Rhode Island, Wisconsin, and Pennsylvania. A month ago, Dominion Energy announced that its wind turbine installation vessel, also the first being built in the United States, had been launched at a shipyard in Texas.


British Steel Plans to Build Electric Arc Furnace at Scunthorpe Site


By Metal Miner - May 17, 2024

British Steel plans to construct a 130 metric-ton capacity electric arc furnace (EAF) at its Scunthorpe site following local authority approval.


The new EAF is part of a £1.25 billion decarbonization initiative, replacing traditional blast furnaces with more environmentally-friendly technology.


Additional EAF projects are underway, including a site at Teesside, with ongoing discussions for government funding and potential impacts on jobs at other sites.


British Steel recently secured permission from the local authorities to build an electric arc furnace at its Scunthorpe site in Lincolnshire. In an April 30 announcement to steel news outlets, the London-headquartered company stated that the North Lincolnshire council approved its application to build a new EAF at Scunthorpe following a consultation.

Officials at British Steel did not indicate a timeline for the new EAF to come on stream. However, a spokesman told MetalMiner that the furnace will have a capacity of 130 metric tons for each charge. “Significant preparation works, including environmental and technical studies, and equipment selection, are underway,” the spokesman added in an e-mail.

Scunthorpe currently has four blast furnaces for steel manufacturing: Mary, Bess, Anne, and Victoria. These can produce up to 4.7 million metric tons per year of pig iron. The site can also produce 4.5 million tons of crude steel annually via three 330-metric ton basic oxygen furnaces, which it casts billets and slabs for rolling. Meanwhile, rolling mills on site can produce wire rod, sections, and heavy plates.

On April 2, British Steel announced that it also received permission from local authorities to build an EAF at its Teesside site in northeastern England. The planned EAFs are part of a £1.25 billion ($1.56 billion) decarbonization plant that British Steel announced in November, which would see the company replace its blast furnaces with the newer, more environmentally-friendly technology.

Talks are also continuing with the UK government on funding for the project, the spokesman told MetalMiner. Meanwhile, the Welsh First Minister, Vaughan Gething, was due to depart for India in early May. Gething hoped to reach out to Tata Steel officials and make the case for not blowing down the blast furnaces at the Port Talbot. Tata announced its plans to replace those furnaces as well as their basic oxygen furnaces with electric arc furnace technology in January of 2024

Tata’s Modernization Plan to Cut 40% at Port Talbot

The new equipment would cut crude steel production capacity at the integrated flats producer by 40% to 3 million metric tons per year from its current nameplate capacity of 5 million metric tons. About 2,800 jobs face redundancy at Port Talbot and at the Llanwern cold rolling plant as a result of the new hot end.

In April, unions associated with Port Talbot voted to strike over Tata’s plans and the Indian group’s rejection of their proposal to keep one blast furnace on stream while the EAF remained under construction.

By Christopher Rivituso

 

Lab-Grown Diamond Glut Casts Shadow on Dubai’s Trade Hub Status

80fdf666c027bfb857073867b172f39e

Arabian Post Staff –

India, a global leader in producing lab-grown diamonds, is experiencing a price slump due to a surge in supply that may not be met by matching demand. This trend could have significant implications for Dubai, a key trading hub for both mined and lab-grown diamonds.

The allure of lab-grown diamonds, often touted for their ethical and sustainable production methods, initially sparked a boom in the industry. Their near-identical chemical and physical properties to mined diamonds, coupled with a significantly lower price point, attracted a new generation of diamond buyers, particularly millennials and Gen Z.

However, a recent report by the Gem and Jewellery Export Promotion Council (GJEPC) revealed a substantial decline in lab-grown diamond prices. The average price per carat dropped from $355. 51 in the 2022-2023 financial year to $198. 22 in 2023-2024. Analysts attribute this dip to a mismatch between surging production capacity and consumer demand.

Dubai, a major player in the global diamond trade, has traditionally thrived on its ability to cater to a diverse clientele seeking both mined and lab-grown diamonds. The emirate has positioned itself as a leader in lab-grown diamond trading, hosting events and fostering collaborations to solidify its position in this emerging market.

The price volatility in India, a key supplier of lab-grown diamonds to Dubai, could disrupt this carefully cultivated ecosystem. Lower lab-grown diamond prices could potentially reduce profit margins for Dubai’s traders, impacting their ability to compete in the international market.

Furthermore, a potential oversaturation of lab-grown diamonds could lead to a price war, further eroding profit margins and potentially impacting the overall perception of lab-grown diamonds as a luxury product.

Despite these concerns, experts believe there’s still room for optimism. The lab-grown diamond market is still young, and consumer preferences are constantly evolving. Dubai’s established infrastructure and expertise in the diamond trade position it well to adapt to these changes.

The emirate can leverage its logistical prowess and network of international buyers to establish itself as a hub for the certification, valuation, and trading of lab-grown diamonds. By focusing on quality control and establishing trust in the lab-grown diamond market, Dubai can carve out a niche for itself in this evolving landscape.

The long-term impact of India’s lab-grown diamond price slump on Dubai’s trade hub status remains to be seen. However, Dubai’s ability to adapt and innovate will be crucial in navigating this new market dynamic.

World’s Top Sovereign Wealth Fund Seeks More Climate Disclosure From Shell

Norway’s $1.66-trillion sovereign wealth fund, the world’s biggest, is encouraging UK-based supermajor Shell to shed more light on its eased climate targets.

The fund, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a shareholder in many large companies in the world, including Big Oil, and has the power to influence other investors with its investment decisions.

As of the end of 2023, Government Pension Fund Global, as the fund is officially known, held stakes in 220 energy firms in 35 countries, representing 2.6% of all investments. The fund held 3.4% in BP, 2.88% in Shell, 2.42% of TotalEnergies, 1.35% in ExxonMobil, and 1% in Chevron.

Earlier this year, Shell reaffirmed its ambitions to be a net-zero energy business by 2050 but eased its carbon intensity target for 2030 as it has shifted away from clean power sales to retail customers. 

The oil and gas giant said in its updated Energy Transition Strategy 2024 that it would aim for a 15-20% reduction in its net carbon intensity target by 2030, compared to 2016 levels, against a previous target of a 20% cut. The eased emissions target is the result of Shell prioritizing value over volume in power, with a focus on select markets and segments and selling more power to commercial customers and less to retail customers.

Shell is also retiring its interim 2035 target of a 45% reduction in net carbon intensity, “acknowledging uncertainty in the pace of change in the energy transition,” the supermajor said.

In light of these changes to interim targets, Norway’s fund said on Friday ahead of Shell’s annual general meeting next week, “Shell's Energy Transition Strategy has evolved under the new CEO. We nevertheless believe that it sufficiently retains the core components of a Paris-aligned transition plan.”

“We have encouraged Shell to make additional strategy disclosures that could reduce uncertainty about the company’s direction in the mid-2030s.”

The fund, however, plans to align with Shell’s management recommendation and vote against an independent resolution proposed by some investors to make the supermajor align its medium-term Scope 3 emissions reduction targets with the goal of the Paris Climate Agreement.

By Tsvetana Paraskova for Oilprice.com

Energy Giant Shell Reevaluates Emissions Reduction Targets

Royal Dutch Shell, a major player in the global oil and gas industry, is re-examining the pace of its carbon emission reduction targets. This comes amidst internal discussions and strategy updates focused on the company’s energy transition plans. According to anonymous sources familiar with the deliberations, Shell might announce a slower reduction rate for its carbon footprint later this week.

This potential shift follows Shell’s 2021 commitment to achieving net-zero emissions by 2050. The company also pledged a 20% decrease in net carbon intensity (the emissions produced per unit of energy sold) by 2030 compared to 2016 levels, with a target of 45% reduction by 2035. However, recent discussions suggest a potential revision of these specific reduction goals.

While details remain undisclosed until the official announcement, this news has drawn concern from environmental groups. They argue that any slowdown in emissions reductions would directly contradict the urgency of the climate crisis.

Shell maintains its commitment to net-zero emissions by 2050. A company spokesperson emphasized that the upcoming report on their energy transition strategy will outline their plans for achieving this goal. They reiterated that oil production peaked in 2019 and is expected to steadily decline over the next 30 years, reflecting a shift towards renewable energy sources.

The potential slowdown comes at a time when the energy sector is under immense pressure. Geopolitical tensions and global supply chain disruptions have caused significant volatility in oil and gas prices. This has led some industry analysts to speculate that Shell’s re-evaluation might be motivated by a desire to prioritize short-term economic stability while navigating a challenging market environment.

Environmental advocates, however, counter this argument. They point out that the long-term economic risks associated with climate change far outweigh any potential short-term benefits of delaying emissions reductions. They urge Shell to maintain its previous reduction targets and prioritize investments in renewable energy solutions.

The upcoming announcement from Shell is likely to be closely scrutinized by investors, environmental groups, and the energy sector as a whole. The decision will have significant implications for the company’s future trajectory and its role in the global energy transition. A slower emissions reduction pace could spark criticism and damage Shell’s reputation as a leader in sustainability efforts. Conversely, a commitment to ambitious reduction targets would solidify Shell’s position as a frontrunner in the race towards a cleaner energy future.


Global coal phase-out to cost between $200 billion, $2 trillion – study

by Staff
 (Mining.com – May 16, 2024)
May 17, 2024


Over $200 billion will be given as compensation to workers and local communities affected by coal phase-out programs globally, new research has found. This estimate excludes India and China, as the two largest coal users currently do not have phase-out plans.

According to a recent paper in Nature Communications, if China and India decide to phase out coal as fast as needed to reach the Paris climate targets and pay similar compensation, it would cost upwards of $2 trillion.

The researchers, hailing from Chalmers University of Technology in Sweden and the Central European University in Austria, have studied all countries with coal phase-out plans around the world and found that those with the most coal power production and with plans for rapid phase-out have compensation policies in place.


Massive price tag on phasing out coal burning

Published: 15 May 2024

The world will need to find $2 trillion to compensate communities who suffer from the phasing out of coal burning. | Photo: REC Visual (iStock)

Phasing out coal to meet international climate targets would cost at least $US 2 trillion, a new assessment has concluded.

Researchers at Chalmers University of Technology in Sweden and Central European University in Austria say that compensation already committed amounts to $200 billion.

“But it excludes China and India, the two largest users of coal that currently do not have phase-out plans,” Science Daily reported.

“The study shows that if China and India decide to phase out coal as fast as needed to reach the Paris climate targets and pay similar compensation, it would cost upwards of $US 2 trillion.”

The research found that more than half of the in-place plans to phase out coal burning around the world included provision for compensation to mitigate the impact on communities that depended on coal.

“Many governments, mostly in Europe, have begun to phase-out coal, but these policies can harm companies, risk unemployment and lead to economic hardship for coal-dependent regions,” the research report said.

“In response, some countries have adopted what are known as ‘just transition’ strategies, where governments support negatively impacted companies, workers, and regions.

“Germany for example, has pledged over EUR 40 billion to support those affected by coal phase-out.”

In total, 23 countries with 16 percent of the world’s coal power plants have pledged compensation. The researchers found the compensation was still cheaper than the carbon prices that would need to be paid in Europe.

“A big question thus is where such large sums of money would come from,” Science Daily said.

“Today about half of all compensation is funded from international sources such as Just Energy Transition Partnerships supporting coal phase-out in Vietnam, Indonesia and South Africa.

“International finance might also be needed to support future coal phase-out compensation in major coal consuming countries. However, the researchers point out that the estimated amounts of compensation for China and India alone are comparable to the entire international climate finance pledged in Paris, and larger than current international development aid to these countries.”
US, Canada co-invest in Fortune Minerals, Lomiko projects

The funding to Fortune is aimed at advancing the NICO cobalt-gold-bismuth-copper project in Canada towards construction.

Umesh Ellichipuram
May 17, 2024
The hunts for critical minerals is of key importance to countries as complex weapons systems require ever-greater resources. Credit: US DoD/NASA

Fortune Minerals has secured a $6.3m (£8.59m) grant from the US Department of Defense (DoD) to enhance cobalt production capabilities in North America.

The funding, part of the Defense Production Act (DPA) Title III programme, is aimed at advancing the NICO cobalt-gold-bismuth-copper project in Canada towards construction.

The NICO Project, a critical minerals asset, includes a proposed mine and processing facilities in the Northwest Territories and Alberta.


It is expected to produce an average of 1,800 tonnes (t) of cobalt, 47,000oz of gold, 1,700t of bismuth and 300t of copper annually.

This development will establish the NICO Project as a reliable North American source of cobalt sulphate for the burgeoning lithium-ion battery industry.
See Also:US supplies Lithuania with Javelin anti-tank systems

The DoD grant will support metallurgical testing, secure necessary authorisations and update feasibility studies for the project.

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Fortune Minerals plans to use the grant to complete key tasks including optimising the hydrometallurgical processes at the Alberta Refinery site.

Funds will also aid in obtaining permits for the construction and operation of both the NICO mine and the refinery. An updated feasibility study will assess the project’s economics, incorporating recent optimisations and the new refinery site.

The company’s goal is to provide vertically integrated production facilities in North America, producing cobalt, bismuth and copper, with over one million ounces of gold as a co-product.

Cobalt sulphate from the NICO Project will also support US electric vehicle manufacturers in qualifying for tax credits under the US Inflation Reduction Act (IRA).

Furthermore, Fortune is working with Rio Tinto to potentially process materials from the Kennecott smelter at the Alberta Refinery.


This collaboration is part of the US-Canada Critical Minerals Supply initiative and could increase cobalt and bismuth production.

Additionally, Lomiko Metals has received $8.35m from the US DoD and C$4.9m from Natural Resources Canada for the La Loutre natural flake graphite project in Quebec.

The investment marks a significant investment in North American natural flake graphite production. The grant from the US DoD was granted via a technology investment agreement.



Canada and US announce investments in critical minerals

(Ottawa) The Canadian and U.S. governments announce they are jointly investing for the first time in producers of critical minerals in an effort to increase regional supplies.

Natural Resources Canada and the U.S. Department of Defense are jointly investing about $32.5 million in mining companies Fortune Minerals, which is working on a bismuth and cobalt project in the Northwest Territories, and Lomiko Metals Inc., which is focuses on a graphite project in Quebec.

Natural Resources Minister Jonathan Wilkinson said collaboration with the United States will help secure the supply of critical minerals needed for the green and digital economy.

The U.S. Department of Defense says these investments align with its National Defense Industrial Strategy and demonstrate a shared commitment to strengthening North American materials supply chains.

Fortune Minerals, which is expected to receive $7.5 million from Canada and $6.4 million from the United States, said the company was grateful for the funding because it has been difficult to attract investment in critical minerals on the traditional capital markets.

Lomiko, who will receive 4.9 million from Canada and 8.4 million from the United States, affirms that this double investment constitutes a formidable step since it contributes to ensuring the energy transition.

BC jade mining ban could push business to Afghanistan, says gem miner

British Columbia has banned any new jade mining in its northwest, citing harm to alpine environments, a move that has one industry player scratching his head. 

The province issued an Environment and Land Use Act order last week prohibiting jade mining activities on new tenures, but current tenure holders listed in the order will be able to continue jade mining for five years with enhanced reclamation requirements. 

While the ban is not surprising, it is confusing, says Cassiar Jade Contracting president Tony Ritter." The way (the government)'s going about it, it's kind of difficult to understand. It's very vague," he told The Northern Miner by phone. 

Cassiar has already been barred from mining the green gem since 2020. In May that year, the government began deferring jade mining permits under the Environment and Land Use Act, and kept extending the order after it expired. 

Cassiar and Glenpark Enterprises in March filed a civil claim against the province seeking financial damages. Ritter said he's unable to comment on the lawsuit. 

The newly imposed ban does not impact other mining operations in the region, or affect existing or new jade tenures in other areas of the province, the Ministry of Energy, Mines and Low Carbon Innovation said in a news release on Friday.

Jade is currently mined in the Dease Lake, Mount Ogden, and Cassiar regions. The cumulative impact of jade mining in northwestern B.C. is harming sensitive alpine environments, the ministry said. It added that the practice is also creating regulatory challenges for permitting, compliance and enforcement because many of the activities take place in locations accessible only by helicopter. 

The order will ensure that environmental impacts can be addressed, while existing tenure holders listed in the order can continue mining for five years with adequate time to wind down operations, the ministry said. 

The ministry, which says it has been working with local First Nations with input from industry to address concerns regarding the environmental impacts to sensitive alpine environments from jade mining in the Turnagain region, said the order is needed to protect these areas from further harm and disturbance.' Punishing entire industry'Cassiar Jade has mined the mineral east of Dease Lake for about 20 years. 

Most of his customers are in Taiwan and China, with some in New Zealand and across North America.Before May 2020, 

Ritter said he would mine between 60 and a few hundred tonnes per year of jade. The ongoing ban has soured Ritter's customers, whom he said no longer view Canada as a reliable jade source, and have offered him an unlikely potential business partner: the Taliban." Afghanistan has jade but they're having difficulty on the production end," he said. "My customers invited me to Afghanistan to help develop the industry with the Taliban. I'm supposed to be there right now, but there's a few security issues, so we had to postpone our trip." 

The years of inactivity have reduced the value of his company and its jade tenure to "less than zero," Ritter said." It's now a liability. They de-valued our business." The nearby Tahltan Nation has called jade mining "unregulated and unethical." Ritter said he understands those concerns, adding his company has had good relations with the Tahltan, who supported Cassiar's reclamation efforts.

 He feels the government is punishing the industry for the actions of a few bad operators who disregarded environmental regulations. 

Ritter's next step is joining an industry working group on the jade mining changes. He told the government he would only join the group if he didn't have to sign a non-disclosure agreement, he said.– With files from Amanda StuttContinue to the full article at Mining.com
Exclusive: Anglo unveils hiring freeze, document shows, after rejecting $43 billion takeover bid

By Scott Murdoch and Melanie Burton
May 16, 2024

Logo of Anglo American is seen on a jacket of an employee of the Los Bronces copper mine, in the outskirts of Santiago, Chile 
REUTERS/Rodrigo Garrido 

Summary
Companies
Anglo has twice rejected bids by BHP Group
Deadline for firm BHP bid is May 22
Anglo released simplification strategy on Tuesday

SYDNEY, May 16 (Reuters) - Anglo American (AAL.L), opens new tab has suspended hiring globally, it said on Thursday, as it gets plans underway to simplify itself and build value - and avert a $43 billion takeover bid by Australia's BHP (BHP.AX), opens new tab Group.
Anglo laid out plans on Tuesday to refocus its company on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off the world's biggest miner.

"Having set out the results of our strategy review and the changes we will be making to our portfolio, this is an appropriate measure," an Anglo American spokesman told Reuters.
"Clearly there will be exceptions for critical roles."

Reuters had earlier reported the hiring freeze based on an internal memo from Anglo, reviewed by Reuters.

The London-listed miner has rejected BHP twice, saying its proposals continue to significantly undervalue the company.

"Following yesterday's announcement of our plans to unlock significant value through a simplification of our portfolio ... it is appropriate that we put in place a freeze on the recruitment of all non site-based permanent employees and contractors across all Businesses and Group Functions," People and Organisation Director Monique Carter said in the memo.

Site-based employees are workers who are based at mines.

"In instances where formal written offers have been made to a candidate, we will honour those commitments however no new offers should be made," Carter said, adding the freeze also applied to consultants beyond those already contracted.

Anglo employs around 60,000 staff globally of which slightly more than half are based in South Africa, showed its most recent annual report.

BHP's options to take over Anglo are narrowing as it approaches a May 22 deadline to lodge a binding offer.

"There is certainly pressure on Anglo's management to prove themselves," said analyst Kaan Peker at RBC, adding that management will want to be keeping a strict lid on costs as the process unfolds.

Anglo's plan to spin out its Australian metallurgical coal business could ultimately attract Rio Tinto (RIO.L), opens new tab, which exited its coal business in 2018, to the pared-back company.

"Management buys themselves six to nine months or a year, then arguably you might have three interested parties at the table," Peker said.

In its proposed takeover, business divisions that BHP expects will yield cost savings through minimising duplication include Queensland metallurgical coal, where both miners operate, and the companies' Latin American copper businesses.

Australia's mining and energy union said on Wednesday it would seek urgent meetings with Anglo to discuss workers' job security.

Anglo shares closed up 0.2% at 26.48 pounds on Wednesday, below BHP's latest offer of about 27.53 pounds per share.

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