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LONDON, Nov. 14, 2024 /PRNewswire/ -- Mining Journal Intelligence (MJI) and Mining Magazine Intelligence have released their inaugural ESG Mining Company Index, a comprehensive evaluation of ESG performance across 61 of the world's largest mining companies. This new index assesses over 7,000 data points, evaluating companies across six critical ESG pillars: Carbon Emissions, Water, Land Disturbance, Safety, Diversity, and Social Investment. The State of Carbon Emissions The ESG Mining Company Index reveals that the 61 companies emitted 230 million tonnes of CO2 equivalent in 2023, approximately 0.4% of global emissions. This data highlights the ongoing challenge in achieving substantial emissions reductions across the sector, though some progress is evident. BHP, for instance, achieved the largest reduction from 2021-2023, cutting emissions by 39.9% primarily through renewable energy agreements. Scope 3 Emissions: A Reporting Challenge The report also highlights the complexities surrounding Scope 3 emissions—indirect emissions throughout the supply chain. Of the 61 companies, only 43 reported Scope 3 emissions, which totaled 4.7 billion tonnes in 2023. Variations in reporting standards and inconsistent supplier data continue to complicate accurate measurement of these emissions, underscoring the need for more robust reporting frameworks in the industry. Boardroom Diversity and Workforce Inclusion The ESG Mining Company Index also sheds light on gender diversity within the sector, especially at the leadership level. Among the companies analyzed, female representation on boards averaged 31%—a figure 8% higher than the global average of 23% female-held board seats. This progress in boardroom diversity reflects a growing recognition of gender inclusion in leadership roles. However, the data indicates that gender diversity among the general workforce remains limited, with women making up just 17.4% of employees across these companies in 2023. Despite a gradual increase over the past three years, significant strides are still needed to boost female representation throughout the workforce. The ESG Mining Company Index provides a vital benchmark for the sector, revealing both progress and ongoing challenges. As the mining industry faces growing sustainability pressures, this index offers valuable insights for stakeholders, guiding the path toward a more sustainable and inclusive future. To find out more see free webinar recording https://view6.workcast.net/?cpak=9644720278752341&pak=2829808070688873 For more information, contact:Sam WilliamsMining Journal Intelligence Editor sam.williams@aspermont.com +44 (0) 20 8187 2308
SHANGHAI, Nov. 14, 2024 /PRNewswire/ -- On November 5-10, the 7th China International Import Expo (CIIE) was grandly inaugurated at the National Exhibition and Convention Center (NECC) Shanghai. Specializing in high-end commercial passenger Electric Vertical Take-Off and Landing (eVTOL), VOLANT made its debut at the CIIE in collaboration with ESSENCE VALUE LIMITED. Within the Future Mobility zone of the Automobile Exhibition Area, VOLANT presented the "new quality productive forces" embodied by eVTOL, showcasing how these cutting-edge innovations provide new options for future transportation and elevate the overall travel experience for individuals. VOLANT VE25-100 Offers Versatile Configurations, Covering Six Major Air Travel Scenarios VOLANT's first product, the VE25-100, is designed to accommodate one pilot and five passengers, boasting a maximum cruise speed of 235 km/h and a range of 200 to 400 km. Currently, it holds the distinction of being the passenger eVTOL with the largest takeoff weight and the most spacious cabin available globally. Making its debut at the CIIE, the VOLANT VE25-100 showcases a full-scale 1:1 cabin model. The cabin interior boasts a height of 1,350 mm, with a seat pitch of 1,250 mm between rows and a seat width of 660 mm, providing ample legroom and movement space for every passenger. A specially designed infant basket is included in the rear seating area, offering added convenience for families traveling with children. The oversized glass cabin provides excellent visibility, allowing passengers to enjoy stunning views throughout their journey. The cabin lighting system, meticulously designed with LED technology, offers low power consumption, high brightness, and a wide range of colors, enhancing the overall travel experience. Additionally, the VE25-100 features a flexible 6-seat cabin layout that can be easily reconfigured to suit different usage scenarios, whether for business travel, family trips, or sightseeing flights. The seats and interior are crafted from Tapis, a premium eco-friendly material known for its softness, smoothness, breathability, and excellent durability and stain resistance, ensuring a comfortable and healthy traveling environment. In addition to its comfortable high-end commercial passenger transport capabilities, the VE25-100 is highly versatile. It can accommodate a two-meter stretcher and load aviation-grade containers, making it multi-functional. The aircraft can seamlessly transition between three configurations for passenger transport, emergency rescue, and cargo transport, effectively covering six major scenarios: low-altitude sightseeing, short-haul transportation, urban travel, emergency rescue, aviation cargo, and private travel. Furthermore, VOLANT's eVTOL flight simulator has garnered significant attention. Unlike the control methods employed in traditional multi-rotor and fixed-wing aircraft, the VE25-100 eVTOL utilizes an innovative control philosophy known as Simplified Vehicle Operations (SVO). This approach allows pilots to manage the entire flight state using a single set of control inputs, significantly reducing the complexity of flight tasks and greatly enhancing flight safety. As a result, pilots can achieve a truly safe and effortless flying experience, while passengers enjoy a highly efficient and comfortable journey. Efficient R&D Process Leads the eVTOL Industry VOLANT's core team comprises experts from world-class aviation companies such as COMAC, Airbus, GE, and Honeywell, bringing extensive experience in civil aircraft R&D, airworthiness certification, and commercialization. Key members have been deeply involved in the research, certification, and commercialization processes of nine passenger aircraft models, including the COMAC ARJ21/C919/C929, AVIC XCAC MA700, Jiaolong, Bombardier CSeries from Canada, and Diamond DA40/DA42 from Austria. Together, they boast over 400 years of model-specific experience, establishing one of the most formidable and comprehensive development teams in the world. Meanwhile, VOLANT has mastered a wide range of key technologies in eVTOL design and R&D, including fuselage structure design and strength assessment, aerodynamic layout and fluid simulation, flight control law development and validation, redundant system development and safety evaluation, electric propulsion system redundancy design, and thermal design of energy and power systems. Additionally, the company has 10 designated representatives from the Civil Aviation Administration of China (CAAC), ensuring a thorough understanding of the eVTOL airworthiness certification process. Since its establishment on June 1, 2021, VOLANT has maintained world-leading levels in R&D progress, development efficiency, and capital utilization. In August 2022, its technological demonstrator X1 was successfully rolled out and completed its first round of flight tests in January 2023. In September 2023, the VE25-100 passenger eVTOL formally entered the type certification process, becoming the first passenger eVTOL project accepted by the CAAC East China Regional Administration. On October 23, 2024, the initial review meeting for the VE25-100 type certification was successfully held, marking the entry into the substantive phase of airworthiness certification. VOLANT has been highly favored in the capital markets in the first half of the year. The company has successively received investments from renowned investors such as Shunwei Capital, Future Capital, CDH Investments, Legend Capital, Shougang Fund, Jingguorui, Huaqiang Capital, QF Capital, Ventech, Qingsong Fund, Welight Capital, Jadex Capital, Nanshan SEI Investment, and Dunhong Capital. In 2024 alone, VOLANT has secured five rounds of financing, making it the company with the most funding rounds in both the Chinese low-altitude economy sector and the hard technology sector. VOLANT is recognized as a Shanghai Foreign-funded R&D Center and has won the Super Award at the World Future Industries Competition. "At this CIIE, we have signed new agreements with a total value of up to RMB 3 billion, which add a unique low-altitude dimension to the expo." Said Mcfly Huang, Partner and Senior Vice President of VOLANT. eVTOLs offer a tenfold improvement in safety and efficiency, significantly reducing general aviation operating costs to just one-tenth of their original levels. They represent the most advanced and competitive new quality productive forces in the low-altitude economy sector and are seen as the "key variable to unlock the maximum growth in the low-altitude economy". The 7th CIIE, themed "New Era, Shared Future", features over 3,000 enterprises from more than 100 countries and regions. For the first time, a "Future Mobility" zone has been established, which will undoubtedly create comprehensive and innovative opportunities for the development of the eVTOL industry. As a world-leading technology company dedicated to providing sustainable solutions for Advanced Air Mobility (AAM), VOLANT is committed to enhancing travel experiences and making the world more efficient. We strive to deliver safe, green, efficient, and commercially viable high-end passenger eVTOLs for everyone. Together with industry peers, we will usher in the era of air mobility!
Italian luxury carmaker Automobili Pininfarina strengthens its Florida presence with the appointment of Braman Automobili Pininfarina of Palm Beach in West Palm Beach, Florida offering clients a bespoke ultra-luxury experience and access to the 1,900hp Battista hyper GT Prospective clients can experience the Battista and B95 Gotham at Braman Automobili Pininfarina of Palm Beach from December 02 Accompanying images available to download here CAMBIANO, Italy, Nov. 14, 2024 /PRNewswire/ -- Automobili Pininfarina has appointed Braman Automobili Pininfarina of Palm Beach as its newest retail partner for North America, located in West Palm Beach, Florida. It further strengthens the brand's world-class network of luxury performance car specialists. Braman Automobili Pininfarina of Palm Beach team with the 1,900hp Battista hyper GT Automobili Pininfarina's world-class luxury retail partners in Florida—including newly appointed Braman Automobili Pininfarina of Palm Beach—will ensure that current and prospective Battista and B95 clients receive a highly personalised sales and ownership experience in 'the Sunshine State'. This announcement comes mid-way through a highly successful US tour, which has already seen Battista and B95 Gotham presented to potential clients in Los Gatos, Newport Beach, Beverly Hills, and Salt Lake City, as well as a distinguished presentation of the two hypercars at the Las Vegas Concours luxury auto show. And following this event, selected members of Robb Report's RR1 private club and The Concours Club had the opportunity to experience Automobili Pininfarina's world-beating performance and design with Battista and B95 Gotham. Paolo Dellachà, Chief Executive Officer, Automobili Pininfarina, said: "Florida holds a special significance for us as the home of several of our vehicles. It continues to be a highly receptive market for Italian luxury, and we are excited to meet the needs of our esteemed clientele here with our newly appointed West Palm Beach retail partner. This new partnership ensures we can meet the substantial demand for our vehicles in Florida, connecting us with automotive connoisseurs and providing them with the pinnacle of luxury and performance." Alex Shack, Dealer Principal of Braman Automobili Pininfarina of Palm Beach added: "We are honoured to join Automobili Pininfarina's prestigious network and bring the exceptional Battista and B95 to South Florida. The demand for high-performance luxury vehicles is stronger than ever here, and our team is thrilled to offer clients an exclusive experience with these masterpieces of Italian craftsmanship and cutting-edge innovation. We look forward to connecting with our community and sharing Automobili Pininfarina's commitment to performance, Italian luxury, and craftsmanship." The West Palm Beach team can be contacted via BramanAPFpalmbeach.com Automobili Pininfarina's US expansion reflects the brand's dedication to delivering on its promise of 'Dream Cars, Made Real' to North America. Automobili Pininfarina stands at the vanguard of pure Italian luxury experiences with its bespoke curated approach of tailoring vehicles to the most demanding preferences of its clients. Each vehicle is a hand-crafted masterpiece and a reflection of the client's personality, created and inspired by Automobili Pininfarina's artisans. Both the B95 Gotham and the recently delivered Battista Targamerica exemplify this approach. The B95 Gotham is the first physical car from the ground-breaking collaboration between Automobili Pininfarina, Warner Bros. Discovery Global Consumer Products (WBDGCP) and Relevance International. This unique 'one-of-one' car is inspired by the luxury lifestyle of billionaire Bruce Wayne, the civilian persona of DC superhero Batman. Automobili Pininfarina's talented design team have imagined what the visionary technology entrepreneur and philanthropist would expect from a car if he was the client. For more information, visit automobili-pininfarina.com/media-hub ABOUT AUTOMOBILI PININFARINA Automobili Pininfarina is based in operational headquarters in Cambiano, Italy, with a commercial office in Munich, Germany, and resourced with a team of experienced automotive executives from luxury and premium car brands. Designed, engineered and produced by hand in Italy, with a focus on designing experiences for the world's foremost taste makers, all of Automobili Pininfarina's vehicles embody the PURA design philosophy. This philosophy will also permeate all future production cars, seamlessly blending classic inspiration with cutting-edge technology. ABOUT AUTOMOBILI PININFARINA BATTISTA (LINK TO PRESS KIT) Battista is the most powerful car ever designed and built in Italy and it delivers a level of performance that is unachievable today in any road-legal sports car featuring internal combustion engine technology. Faster than a current Formula 1 race car in its 0 -100 km/h sub-two second sprint, and with 1,900 hp and 2,340 Nm torque on tap, the Battista combines extreme engineering and technology in a zero emissions package. Battista's 120 kWh battery provides power to four electric motors – one at each wheel – with a combined WLTP range of up to 476 km (U.S. combined EPA: 300 miles) on a single charge. No more than 150 examples of Battista will be individually hand-crafted at the atelier in Cambiano, Italy. Automobili Pininfarina Battista 1 Automobili Pininfarina Battista 2 Automobili Pininfarina B95 Gotham 1 Automobili Pininfarina B95 Gotham 2 Automobili Pininfarina B95 Gotham 3
BEIJING, Nov. 13, 2024 /PRNewswire/ -- The 13th Cross-Strait Machinery Industry Expo and the 15th China Longyan Investment Project Conference opened on November 8 in Longyan City, southeast China's Fujian Province. During the event, about 20 industrial projects with a total investment of 10.5 billion yuan were signed. Hosted by the China Machinery Industry Federation and organized by the Longyan municipal government, the event features seven exhibition zones, including industrial development, engineering and environmental machinery, specialty vehicles and emergency equipment, new energy and new materials, etc., with a total exhibition area of 30,000 square meters. In addition, this year's event has drawn participation of nearly 500 enterprises and institutions nationwide. As an important industrial base in Fujian, Longyan is home to 384 enterprises above designated size in the machinery and equipment industry, and has been recognized as the "capital of specialty vehicles" and the "national emergency industry demonstration base" in China. Moreover, this year's event, which serves as a major platform for cross-strait investment cooperation, industrial matchmaking, and economic exchanges, aims to pool insights and solutions to drive the high-quality development of Longyan's machinery and equipment industry and advance new industrialization. During the event, a series of activities will also be held, including a ceremony for the commencement and completion of major projects in Longyan, and a symposium on promoting key industry chains in the city. Original link: https://en.imsilkroad.com/p/343094.html
HO CHI MINH CITY, Vietnam, Nov. 13, 2024 /PRNewswire/ -- Pebsteel, a global leader in pre-engineered steel buildings and structural steel, celebrates its 30th anniversary, marking a significant milestone in its journey of building greatness. Since 1994, Pebsteel has redefined the pre-engineered steel industry, transforming blueprints into internationally recognized standards. Over three decades, Pebsteel has completed over 6,000 projects across 50 countries, setting the benchmark for quality, innovation, and industry leadership. Three Decades of Innovation: Pebsteel’s Unstoppable Journey of Greatness in Building From the outset, Pebsteel has stood out by turning innovation into impact. Co-founders Mr. Sami Kteily and Mr. Adib Kouteili brought international standards to Vietnam and Southeast Asia at a time when the concept of pre-engineered steel buildings was unfamiliar in the region. Today, Pebsteel's achievements echo across borders, with the company's advanced design, fabrication, and innovative solutions in pre-engineered building & structural steel helping shape iconic structures and industrial projects around the world. What sets Pebsteel apart is its unwavering passion for excellence. Over the last 30 years, Pebsteel has built more than just steel structures; it has built a legacy of greatness. Every project is a testament to the company's commitment to pushing boundaries and turning client visions into reality with precision and efficiency. Signature projects like the Green Technology Complex in Dong Nai Province (the first of its kind in Vietnam to achieve LEED and LOTUS certifications) and the 128m wide column-free hangar in the Philippines demonstrate Pebsteel's capability to handle complex challenges and deliver results that stand the test of time. The company's journey is fueled by a strong team of 1,400 dedicated employees who embody Pebsteel's spirit of relentlessly pursuing greatness. Empowered to make swift, impactful decisions, Pebsteel's team operates with a solution-driven mindset that prioritizes effectiveness in every project stage. Through continuous development and training, employees remain at the forefront of industry standards, enabling them to meet evolving client demands with precision and innovation. This strong foundation has not only strengthened client relationships but also solidified Pebsteel's reputation as a trusted partner known for delivering exceptional and dependable solutions across a diverse range of projects. As Pebsteel reflects on its 30-year journey, it is also looking forward to the future. The company's commitment to shaping greatness in every project remains unshakable. "2024 marks a significant milestone for Pebsteel: the 30-year Journey of Building Greatness. Pebsteel does not merely construct sturdy and enduring structures; we deliver long-term value, cultivating strong relationships with our partners. Our strength comes not from one individual but from the collective power of over 1,400 employees. Together, we can achieve great things," said Mr. Sami Kteily, Executive Chairman of Pebsteel. The story of Pebsteel is one of ambition, resilience, and an unstoppable journey of building greatness. As the company moves into the future, it is poised to continue transforming with the same passion, innovation, and excellence that have defined its first 30 years. For more information about Pebsteel, its extensive portfolio of projects, and the company's vision for the future, please visit https://pebsteel.com/en/30yearscelebration/.
SYDNEY, Nov. 13, 2024 /PRNewswire/ -- Lake Resources N.L. (ASX:LKE; OTC:LLKKF) (Lake or the Company) is pleased to announce that a wholly-owned subsidiary of Lake has entered into an asset sale agreement with Austroid Corporation for the sale of three of its non-core lithium brine assets in Argentina for $9 million USD (approximately $13.6 million AUD) (Transaction). The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari. The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company's financial runway to continue its focus on progressing its flagship asset, the Kachi Project (Kachi or the Project). "Given that Kachi is a premier tier-one asset with a total resource estimate exceeding 10.6 million tonnes of lithium carbonate equivalent (see ASX Announcement on 22 November 2023) and strong economics, the Company has decided to focus all of its resources on the Project," Lake CEO David Dickson said. "We have more than enough brine at Kachi for a 25-year project with potential for expansion." Mr Dickson said that Lake conducted a competitive process to maximize value and the USD $9 million was an excellent result for shareholders. The sale reflects Lake's commitment to maintaining a focused and efficient portfolio. The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments. "Lake remains focused on securing high value strategic partnerships and offtake agreements to bolster Kachi's development," Mr Dickson said. On the Financial Runway: Mr Dickson said that Lake had no debt or other major capital commitments and had aggressively right sized the business for the current lithium commodity price environment. With cash on hand as at 30 September 2024 (approximately $17.5 million AUD, see ASX Announcement on 30 October 2024) and the expected proceeds from the Transaction, the Company's pro-forma cash position is approximately $31.1 million AUD. With additional capital raising capacity available to the Company, Lake is well positioned with strong financial liquidity into 2026. Approval by the shareholders of the additional placement capacity under ASX Listing Rule 7.1A as requested by the Company at the upcoming Annual General Meeting would also further enhance the Company's liquidity position. On the Sector Landscape: "The increasing interest in lithium plays from global investors across the United States, Europe, China, the Middle East and India, including major mining and energy players, underscores the strategic value of Argentinian lithium assets driven by improved investing conditions in Argentina following passage of the Promotional Regime for Large Investment (The Régimen de Incentivo para Grandes Inversiones, otherwise known as RIGI). Rio Tinto's acquisition of Arcadium reflects this sentiment," Mr Dickson said. The Kachi Project, located in the Catamarca Province, stands out as one of the largest Direct Lithium Extraction (DLE) brine resources in Argentina. Rio Tinto's commentary on DLE technology's efficiency, scalability, and sustainability aligns with Kachi's value proposition. "Our testing demonstrates significantly higher lithium recovery rates with markedly improved environmental benefits through lower water and land usage and reduced waste compared to alternative lithium extraction methods," Mr Dickson said. Closing of the Transaction: Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024. Lake will discuss the Transaction as well as impact to its liquidity at the Annual General Meeting scheduled for 21 November 2024 at 9:00am Brisbane time (10:00am AEDT). For investor queries, please contact: InvestorRelations@lakeresources.com.au or log onto Investor Hub through Lake's public website For media queries, please contact: Nigel Kassulke at Teneo M: +61407904874E: Nigel.Kassulke@teneo.com About Lake Resources N.L. (ASX:LKE OTC:LLKKF) Lake Resources N.L. (ASX:LKE; OTC:LLKKF) is a responsible lithium developer utilising state of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina. Lake also has three additional early-stage projects in this region. This ion exchange extraction technology delivers a solution for two rising demands – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits. Forward Looking Statements: Certain statements contained in this announcement, including information as to the future financial performance of the projects and the Company, are forward-looking statements. Such forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results, expressed or implied, reflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions and affected by the risk of further changes in government regulations, policies or legislation and that further funding may be required, but unavailable, for the ongoing development of Lake's projects. Lake Resources N.L. disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. All forward-looking statements made in this announcement are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Lake does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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