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World news round-up 15 July 2014

Peru looks to boost copper production; Miners’ union softens demand; EfW plants in Iran and Bahamas

Peru looks to boost copper yield

Peru is on track to double its current copper production by 2016 and so recover the second position among the world’s largest production of the industrial metal, the Minister of Energy and Mines has said. During a visit to Freeport-McMoRan Copper & Gold’s Cerro Verde copper complex, Eleodoro Mayorga Alba said the country’s total production will hit 2.8m tonnes in 2016, up from 1.4m tonnes in 2013, thanks to five major projects slated to begin operations that year. Work at Cerro Verde is 22% complete and the extended mine will start initial production in the second half of 2015, the minister added.

Miners’ union softens wage demand

The National Union of Metalworkers of South Africa, the country’s biggest union, has reduced its wage demand to 10% from 12% and said it was willing to end its strike if employers agree to a one-year deal. The strike involving more than 220,000 workers in the manufacturing and engineering industry is affecting about 12,000 employers including Nampak Ltd, the continent’s biggest can manufacturer, and carmakers such as General Motors Co and Evraz Highveld Steel.


Iran to get £686m EfW plant

US-based World Eco Energy is planning to construct a waste to electricity plant in Iran’s Chaharmahal-Bakhtiari province, with an investment amount of $1.17bn (£686m). The facility will burn 1,500 tonnes of solid waste to generate approximately 250MWe per day.  Local companies will match World Eco’s investment.

Bio Power Digest

EBRD backs solid waste recycling plants in Tajikistan

The European Bank for Reconstruction and Development (EBRD) has earmarked $22m (£12.8m) in funds to build solid waste management and recycling facilities in Tajikistan. The EBRD has agreed to support the solid waste management projects in Dushanbe, Khujand, Qurghon Teppa and Tursunzoda. The bank has reportedly allotted $9m to implement the Dushanbe solid waste management project; $5m for the Khujand solid waste management project and $4m each for the Qughon Teppa solid waste project and the Tursunzoda solid waste project. Construction works would start this year. 

Asia Plus

Bahamas to get EfW plant

The Bahamas government has inked a letter of intent (LOI) with Stellar Waste-To-Energy Bahamas (SWTEB) for the planned construction of a BS$625m (£363m) EfW plant at a landfill. Once completed, the facility will produce 70-80MW of power daily from the burning of waste. The site would take two years to construct. SWTEB is understood to be a JV between a Bahamian entity and Stellar Energy.

Carribean News Now


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