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Horizon Minerals inks toll milling agreement
Published: 13 May 24
ASX-listed Horizon Minerals on Monday announced a toll milling agreement with FMR Investments to treat 200 000 t of ore from the Cannon underground deposit. FMR owns the Greenfields mill, which is about 67 km by road from the Cannon project in Western Australia.
Element25 expedites Butcherbird expansion activities amid manganese price rebound
Published: 13 May 24
ASX-listed developer Element 25 is speeding up efforts to expand its Butcherbird project, in Western Australia, seizing the opportunity presented by a resurgence in manganese ore prices. Following a feasibility study published in January, Element 25 is poised to boost production at Butcherbird to 1.1-million tonnes a year of manganese concentrate, requiring a capital investment of A$98.8-million.
President Cyril Ramaphosa Ramaphosa denies pre-election loadshedding respite is a ‘political ploy’
Published: 13 May 24
President Cyril Ramaphosa has entered the politically charged discussion on the reasons behind the recent dramatic reduction in loadshedding ahead of what is expected to be a highly competition election and amid allegations that the reprieve is being staged managed to improve the governing party’s prospects and will, thus, not be sustained. Writing in his weekly newsletter at a time which Eskom had refrained from implementing the unpopular rotational power cuts for a period of more than a month and a half, Ramaphosa denied that it was a “political ploy ahead of the elections”, while indicating that it was “too early to say that loadshedding has been brought to an end”.
De Jager to lead Surefire as next CEO
Published: 13 May 24
Perth-based explorer Surefire Resources has appointed Jan de Jager as CEO. De Jager has more than 25 years’ experience across operational, finance, commercial, strategy and business development roles and has held senior leadership roles in AVZ Minerals, Covalent Lithium, Roy Hill and Xstrata Nickel Australia.
Hermosa will produce two federally designated critical minerals - zinc and manganese South32’s Hermosa federal permitting process gets under way
Published: 13 May 24
The US Forest Service (USFS) has initiated the federal permitting process for the South32 Hermosa project, in Arizona. Under the umbrella of the National Environmental Policy Act, the USFS has launched the scoping process, inviting public input and commentary on South32’s project plans. This process aims to identify the scope of environmental analysis and explore potential impacts as part of the environmental impact statement.
The incident occurred when an autonomous train collided with a set of stationary wagons. Rio Tinto says a driverless iron-ore train derailed in Western Australia
Published: 13 May 24
Rio Tinto said on Monday an autonomous train had derailed at its Western Australian iron-ore operations overnight and that it was investigating the incident in which no one was hurt. The incident occurred when an autonomous train collided with a set of stationary wagons loaded with iron-ore impacting 22 wagons and three locomotives, according to statements from Rio Tinto and Australia's rail safety watchdog.
K+S confirms Q1 earnings beat and 2024 guidance as potash prices stabilise
Published: 13 May 24
German potash and salt miner K+S confirmed its core profit beat on Monday, as it benefited from a strong European specialty and industry business performances. The Hessian-based firm posted earnings before interests, taxes, depreciation and amortization of €200-million, 21% above analysts' expectations of €165-million, according to a poll by Vara research.
Copper cathode ready to dispatch Glencore steps in to help Austral exit receivership
Published: 13 May 24
Copper producer Austral Resources on Monday announced the end of receivership, as offtake partner Glencore Australia stepped in to the role of senior secured creditor. Glencore Australia has acquired the senior secured debt from Win Finance No 356 (Wingate), which early this month placed Austral in receivership.
Peninsula expands Lance uranium resource estimate Peninsula expands Lance uranium resource estimate
Published: 13 May 24
ASX-listed Peninsula Energy has announced qn updated mineral resource estimate (MRE) of 58-million pounds of uranium oxide (U3O8) for the Lance project, in Wyoming. The updated resource estimate is based on the results of 2023 drilling in the Ross and Kendrick areas and represents a 7.8% improvement from the previous estimate.
The Escondida mine Chile copper output edges down in March, dragged by Codelco
Published: 13 May 24
Copper output in Chile, the world's largest producer of the metal, edged down in March, data from copper commission Cochilco showed on Friday, as production slid at state-run miner Codelco but rose at other major mines in the country. Output at Codelco, the top global supplier of the red metal, slid 10.1% to total 107 300 t in March, while at the BHP-controlled Escondida mine, which holds the world's largest known deposit, output rose 9.7% to reach 101 400 t.
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