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Vale picks mining veteran to lead base metals turnaround
Published: 04 Jul 24
Vale has selected veteran mining executive Shaun Usmar to take the helm of its base metals division as the Brazilian metals producer seeks to boost copper and nickel production, according to people familiar with the matter.
The board of the Rio de Janeiro-based company chose Usmar to head Vale Base Metals, said the people, who asked not to be identified because the information isn’t public. The appointment has yet to be confirmed and it’s possible things could change, one of the people said.
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Alaska sues to challenge new NPR-A oil and gas leasing rules
Published: 04 Jul 24
The state of Alaska on Wednesday said it has filed a lawsuit challenging new federal regulations imposed for oil and gas leasing in the National Petroleum Reserve-Alaska (NPR-A).
In April, President Joe Biden's administration took steps to limit both oil and gas drilling and mining in Alaska.
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Codelco sees copper output ticking up in second half of year
Published: 04 Jul 24
Chilean copper mining giant Codelco's output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the State-run miner, Maximo Pacheco, said on Wednesday.
Pacheco said he did not expect to adjust this year's copper forecasts, and he did not expect opposition from Chinese lithium giant Tianqi to prevent its deal with SQM, the world's No. 2 producer of the key battery metal.
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Diamcor closes final tranch of offering, bringing total to C$2m
Published: 03 Jul 24
Diamond producer Diamcor Mining has closed a second and final tranche of C$600 300 of its previously announced non-brokered private placement, bringing the total of the offering to about C$2-million. The company previously announced the close of a first tranche of the offering for gross proceeds totalling about C$1.4-million on June 4. Existing insiders, management and directors and larger shareholders subscribed for an aggregate of about $1.37-million of the offering.
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Speakers highlight role of aviation in improving connectivity, economic growth
Published: 03 Jul 24
The International Air Transport Association (IATA), on the first day of its Wings of Change Focus Africa conference, held in Johannesburg, South Africa, emphasised the need for African governments to take advantage of a strengthening aviation sector to maximise its benefits for economic and social development across Africa. During a media briefing at the event, IATA senior VP for sustainability and chief economist Dr Marie Owens Thomsen described Africa as “hitting below its weight in terms of the global economy”.
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Priyesh Daya appointed to ICC International Court of Arbitration
Published: 03 Jul 24
Law firm Webber Wentzel partner Priyesh Daya has been appointed as a member of the International Chamber of Commerce's (ICC’s) International Court of Arbitration for a three-year term starting on July 1. The ICC Court is the world's leading arbitral institution, facilitating the resolution of international commercial and investment disputes.
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