The Brief

“Ultimately, the success of any technology change lies with the end user, which makes a human-centric approach to digital transformation vital”

Jake Macholtz

CEO, InEight 

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“To find the best solutions for the climate challenge is our most urgent priority as an industry”

Christian Levin

CEO and President, Scania and TRATON Group 

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“Enterprises enjoy faster revenue, reduced costs, less risk, and better compliance, as well as efficiencies fuelled by ICI experiences within the Microsoft product suite”

Paul Gleeson

Senior Vice President, Partners and Alliances, Icertis 

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INDUSTRY COLLABORATIONS GATHER MOMENTUM IN ENERGY TRANSITION

Background Cross-industry collaborations are multiplying, as companies face up to the challenges of delivering on decarbonisation during the energy transition.

What are the main partnerships?

Rio Tinto and Ford Motor Company have signed a non-binding global MoU to jointly develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles; Anglo American and Nippon Steel Corporation penned an MoU to work together to accelerate the transition to lower carbon steelmaking; and BHP signed an MoU with India’s Tata Steel, one of the world’s largest steelmakers, with the intention to jointly study and explore lower carbon iron and steelmaking technology.

What do the tie ups tell us?

No one company, no matter how large, can tackle the breadth of climate change issues alone – and collaborations hold a better chance of delivering on targets quickly. The succession of partnerships underline the urgency of the situation.

What are the pros and cons?

These are leaders in their respective fields, so the prospect of combining technological and operational knowledge should yield results. But much remains unknown.

How effective will biomass be as a source of energy and in the application of carbon capture and utilisation (CCU) in steel production?

What’s the next step?

The spirit of collaboration is welcome, but commercial and confidentiality borders may need to be drawn up or arrangements formalised as joint ventures.  PENSANA Pensana has broken ground at its Saltend hub, which it claims will be the world's first rare earth processing facility powered by offshore wind.

 EQUINOX GOLD Equinox Gold Corp’s Mesquite Mine poured its 5 millionth oz of gold on July 20. Mesquite, which started operations in March 1986, is the largest gold mine in California.

 WILUNA GOLD Australian gold producer Wiluna Mining has entered administration after grappling with cost, creditor and supply chain issues.

 BUSHVELD

MINERALS

Bushveld Minerals posted an underlying EBITDA loss of $7.5mn in 2021, which it attributed to the strength of the South African rand impacting expenses and international and domestic logistical challenges.