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Rick Menell Rick Menell joins Perseus board as nonexec director
Published: 02 May 24
Mining veteran Rick Menell has joined the board of Africa-focused gold producer Perseus Mining as a nonexecutive, independent director. "I am extremely pleased to welcome Rick Menell to the board of our company. Rick is a very high calibre individual whose diverse work and life experiences will bring new perspectives that will be invaluable in helping Perseus reach its full potential. "His deep understanding of the people and the mining industry on the African continent is perfectly suited to joining the leadership team of a growing, Africa-focused company like Perseus, that has ambitions to become a leader of the gold mining industry on the continent," says Perseus chairperson and CEO Jeff Quartermaine.
Barrick moves to tap into Jamaica’s mineral potential Barrick moves to tap into Jamaica’s mineral potential
Published: 02 May 24
Gold and copper major Barrick is set to venture into Jamaica’s untapped minerals landscape through an earn-in agreement with private exploration company Geophysx. Geophysx has strategically amassed an extensive portfolio of exploration assets across Jamaica, which Barrick CEO Mark Bristow considers “significantly underexplored and prospective”.
A smelter owned and operated by Ironveld Ironveld appoints Kristoffer Andersson CEO
Published: 02 May 24
London-listed Ironveld, which owns a high-purity iron, vanadium and titanium project on the northern limb of the Bushveld Complex, in Limpopo, South Africa, has appointed Kristoffer Andersson CEO. He succeeds Martin Eales, who stepped down as CEO in February.
China's Zhaojin wins control of Australia's Tietto Minerals in $475m deal
Published: 02 May 24
China's Zhaojin Capital has won control of Australia's Tietto Minerals after a protracted six months takeover tussle that values the gold producer at A$733-million ($474.62-million), according to a regulatory filing on Wednesday. Zhaojin Capital, a unit of Hong Kong-listed Zhaojin Mining 1818.HK, now has 52.8% voting power, it said in the filing, up from 42.5% previously.
Resources Watch Resources Watch Has Video
Published: 02 May 24
This week: New green hydrogen trading base uplifting platinum group metals demand outlook; Copper 360 ships concentrate, on course to pay first dividend next year and, Pilot Crushtec introduces Swedish brand of large-scale crushers to the Southern African market
Predictive raises A$50m for Guinea gold project Predictive raises A$50m for Guinea gold project
Published: 02 May 24
ASX-listed Predictive Discovery has announced a A$50-million raising to advance the Bankan gold project, in Guinea. The company will issue about 263.2-million new fully paid ordinary shares at A$0.19 each.
Toro boosts uranium resources with Dawson Hinkler deposit expansion Toro boosts uranium resources with Dawson Hinkler deposit expansion
Published: 02 May 24
Uranium project developer Toro Energy has expanded the stated resources at the Dawson Hinkler deposit by reducing the resource cutoff grade from 200 parts per million (ppm) to 100 ppm uranium oxide. As a result, the Dawson Hinkler deposit’s stated resource increased by about 115% to 20.29-million pounds contained and the average stated grade has decreased by 186 ppm, from 315 ppm.
Macmahon secures $352m contact extension at Boston Shaker
Published: 02 May 24
Mining services group Macmahon has been granted a three-year extension of its alliance-style contract with AngloGold Ashanti at the Boston Shaker underground mine, part of the Tropicana gold operation in Western Australia. Macmahon has been providing underground mining services at Boston Shaker since 2019 and will continue with execution of services including mine development, production drilling, cable bolting and ore stoping.
Rail workers in Canada vote to strike, threatening supply chains Rail workers in Canada vote to strike, threatening supply chains
Published: 02 May 24
Rail workers demanding more rest time moved closer to a strike that would disrupt supply chains from Halifax to Vancouver and down through the Midwest to the Gulf of Mexico. A union representing more than 9 000 employees at Canadian National Railway and Canadian Pacific Kansas City said workers overwhelmingly voted in favor of job action to push the companies to include provisions to combat crew fatigue in their collective agreements.
Senate passes Russian uranium import ban, sending Bill to Biden
Published: 02 May 24
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the White House which has said it supports efforts to block the Kremlin’s shipments of the reactor fuel The Prohibiting Russian Uranium Imports Act, approved by unanimous consent, would bar US imports 90 days after enactment while allowing temporary waivers until January 2028. Biden must sign the bill before it becomes law.
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