Monday 3 August 2020

Canadian miner pledges to develop zero carbon nickel, cobalt and iron

Canadian miner pledges to develop zero carbon nickel, cobalt and iron

Toronto-based miner Canada Nickel has announced plans to build a facility that will process zero carbon nickel, cobalt and iron to meet the rising demand for electric vehicle (EV) batteries.

The firm notes it will begin the research and development of the plant, which will be located in the Northern Ontario region, in an area chosen due to its rich hydroelectric sources.

The company also said it is exploring the use of serpentine rock, which absorbs carbon dioxide when exposed to air.

Mark Selby, Chair and CEO of Canada Nickel, said: "The EV industry and many other consumer sectors need zero carbon metal this decade, not in a nebulous 2050 timeframe contemplated by many other resource companies.

"Canada Nickel has the potential to develop zero carbon products that our customers are expecting from the mining sector. With nickel as a preferred metal to power the clean energy revolution, our commitment to net zero carbon production is the right step to take for the environment, for consumers and for our investors."

A few days ago, Tesla CEO Elon Musk called on nickel miners to produce more supplies in an environmentally-sensitive way.

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Written by

Bruna Pinhoni

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