Horizonte Minerals plc interim chief operating officer Maryse Bélanger will step down from 21 February and be replaced by Graham Crew. Mrs Bélanger’s appointment was one of several management changes announced last November. The company thanked her for her invaluable assistance during its current “challenging period” following rising costs at its Araguaia nickle project in […]
Day: 8 November 2024
Horizonte estimates 87% rise in plant costs
Horizonte Minerals plc has estimated an 87% increase in total costs to complete the Araguaia nickel plant in Brazil. FINANCING The estimated capital required to complete construction of Araguaia Line 1, commission the project and deliver first metal has been revised to approximately US$454 million. The estimate at completion is currently $1 billion, nearly double […]
Oriole earn-in partner completes option term at Senala
Oriole Resources plc earn-in partner has completed its six-year term and is expected to hold 59% of the Senala gold project in Senegal. DISCUSSIONS Managem Group confirmed to the company that, since the 2018 option agreement, its subsidiary AGEM Senegal Exploration Suarl had spent US$5.8 million on the project. AGEM’s beneficial ownership in the Senala […]
Red Rock CFO Scott Kaintz retires as a director
Red Rock Resources plc’s chief financial officer Scott Kaintz has retired as a director. Mr Kaintz, expected to retire by rotation, was due offer himself for re-election at the company’s general meeting on 16 February. The resolution was withdrawn and Mr Kaintz remains the CFO. All other resolutions were passed on a show of hands.
Altona to expand and diversify Africa assets
Altona Rare Earths plc is assessing potential new low-cost entry metals opportunities in Africa to balance its flagship Monte Muambe project. RISK The company said that following a review of its corporate strategy the time was right to add further rare earths interests as well as other raw materials such as copper, lithium and niobium. […]