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Australian natural gas industry seeks policy repairs to boost investment

Published: 24 May 24

Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices. While most executives at the Australian Energy Producers Conference in Perth were broadly in favour of the Australia Future Gas strategy unveiled by the government this month, they called for immediate action and improvements to the policy to avoid new gas supply shortfalls.

Equinox marks first gold pour at Greenstone mine

Published: 24 May 24

Canadian miner Equinox Gold has successfully poured its first gold at the newly built Greenstone mine, in Ontario. The inaugural gold pour occurred on schedule, with the recovery circuit yielding 1 800 oz of gold. Equinox reports that all equipment functioned as expected during the process.

Hecla appoints interim CEO as Baker resigns

Published: 24 May 24

Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23 years at the company. Boggs, who is currently chairperson, will be assisted in management the affairs of Hecla by a committee comprising senior CFO VP Russell Lawlar, VP of operations Carlos Aguilar and senior VP – chief administrative officer Mike Clary.

Large Anglo shareholders are backing miner’s stance on BHP talks

Published: 24 May 24

Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it presents, before accepting any offer. BHP has one week to convince its target of the value of its $49-billion acquisition plan, after Anglo announced on Wednesday it had rebuffed a third bid and agreed to extend a regulatory deadline. With the clock reset, discussions will center around BHP’s insistence that Anglo spin off majority stakes in South African platinum and iron ore units before the takeover can proceed.

Tulu Kapi gold project, Ethiopia – update

Published: 24 May 24

The project has been formally launched.

Kouroussa gold project, Guinea – update

Published: 24 May 24

Hummingbird Resources has reported the remobilisation of mining services provider Corica Mining Services.

Image of drill core from the Empire mine

Empire mine openpit heap-leach solvent extraction and electrowinning project, US – update

Published: 24 May 24

Phoenix Copper has successfully raised $80-million in a corporate bond issue to fund the construction of the mine.

N2 Wild Coast Toll Road megabridge project – Msikaba bridge, South Africa – update

Published: 24 May 24

Construction on the Msikaba bridge is set to progress this year, with several challenging technical activities to be tackled.

Peripheral ring road, Peru

Published: 24 May 24

The Anillo Vial Periférico consortium comprising Ferrovial, Acciona and Sacyr, under concession, will design, finance, build, manage and maintain a 34.8 km urban toll road in Lima.