Month: September 2020

A series of experiments carried out by an international group of scientists allowed them to achieve the equivalent of approximately 30 years of passive carbonation of mine tailings within four weeks.  In a paper published in the journal Economic Geology, the researchers say that this accelerated carbonation of mining waste significantly increases carbon capture for environmental benefit and has the potential to recover valuable battery metals. SIGN UP FOR THE BATTERY METALS DIGEST Sign Up “If you can integrate carbon capture with the recovery of previously inaccessible minerals, say of nickel and cobalt,…

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ANKARA: Turkish President Recep Tayyip Erdogan backed down on Sunday from looming conflict in the eastern Mediterranean by ordering a research ship operating in Greek territorial waters to return to the Turkish coast. Tension in the region had soared since the Oruc Reis seismic survey vessel and an escort flotilla of Turkish navy frigates was deployed last month near the Greek island of Kastellorizo, despite repeated protests from Athens and the EU, particularly French President Emmanuel Macron. The Turkish exploration for oil and gas was accompanied by increasingly bellicose rhetoric…

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Leaks from last month indicate that a deal with colossal scope has been agreed between China and Iran. All the details of the agreement are not yet known, but the parts that have been reported show that this will be the biggest deal between China and any Belt and Road Initiative (BRI) country. However, considering the potential of both nations, it does not go beyond their capacity.The total range of the deal is reported to be $400 billion spread over a period of 25 years, which works out as $16…

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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday said that affordable and continued supply of electricity has become a dream for masses and the business community. Costly electricity is not only hurting the masses but is also adding to the cost of doing business as well as cost of production and exports, said FPCCI Vice President Qaisar Khan Daudzai in a statement on Sunday. He said that coronavirus and recent rains have played havoc with the economy and masses; therefore, the policy of continued hike in…

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With more than half of the country’s total capacity charges payable to state-owned power projects, the government has decided in principle to cut the return on equity (ROE) for all public-sector plants, including hydro, nuclear, old thermal and new regasified liquefied natural gas (RLNG)-based projects. The combined impact of the reduction in ROE for these projects has been estimated to be Rs28 billion per annum based on current prices. While this will reduce the overall electricity prices with a significant contribution to the economy and lower production costs, a major…

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