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Australia's second-largest pension fund blacklists thermal coal investments Australia's second-largest pension fund blacklists thermal coal investments
Published: 02 May 24
Australian pension giant Australian Retirement Trust said on Thursday it would stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050. The A$280-billion fund has introduced new rules to exclude any company which generates more than 10% of its revenue from the mining and sale of thermal coal, one of the most polluting energy sources.
Webber Wentzel partner Bruce Dickinson Opinion: The MPRDA and its impact on future mining investments in South Africa
Published: 02 May 24
In this article, Webber Wentzel partner Bruce Dickinson writes that the implications of the Mineral and Petroleum Resources Development Act (MPRDA) on investment dynamics in South Africa have come under scrutiny.
Barrick Gold beats estimates for quarterly profit Barrick Gold beats estimates for quarterly profit
Published: 02 May 24
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica. Prices of the precious metal rose about 8.2% to $2 231/oz in the January-March quarter, on buying from central banks and hopes the US Federal Reserve could cut interest rates as early as June.
BHP is betting on developing the Reko Diq copper project in Pakistan Barrick Gold is not interested in bidding for Anglo American, CEO says
Published: 02 May 24
arrick Gold is not interested in bidding for Anglo American, which last week received a $39-billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said on Wednesday. If BHP's proposed acquisition of Anglo is successful, it would create one of the world's biggest copper miners.
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.
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