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Petra CE Richard Duffy Petra shares plans to reduce operating costs, appoints new CFO
Published: 27 Jun 24
London-listed Petra Diamonds has shared its plan for a sustainable reduction of $30-million a year in operating costs from the 2025 financial year, as well as a smoothing of its development and sustaining capital profile to about $100-million a year at its South African operations to target free cash generation through the cycle. At an investor day presentation, in London, England, on June 27, Petra said approved extension projects were expected to be self-funded, with production growth to over 3.4-million carats expected by the 2028 financial year.
Speakers who participated in Creamer Media's ESG in Mining webinar Experts unpack the evolution of ESG across the mining value chain Has Video
Published: 27 Jun 24
Environmental, social and governance (ESG) has evolved to being driven by external factors such as shareholder activism and investor confidence, rather than regulatory frameworks, finds a panel discussion hosted by Creamer Media on June 26. ESG strategies are also becoming increasingly data-driven, with quantifiable and measurable outcomes and thorough reporting, which many mining companies are doing voluntarily.
New Pacific shares PFS results for Bolivia silver asset
Published: 27 Jun 24
Toronto-listed New Pacific Metals has announced the results of its prefeasibility study (PFS) for the Silver Sand project, in Bolivia, confirming its potential to become a high-grade, low-cost pure silver producer. This, CEO Andrew Williams says, sets it apart as a rare and valuable asset in the industry.
Alaska Natives sue EPA over Pebble mine veto, Northern Dynasty says Alaska Natives sue EPA over Pebble mine veto, Northern Dynasty says
Published: 27 Jun 24
Northern Dynasty Minerals said on Wednesday two Alaska native village corporations had sued the Environmental Protection Agency (EPA) for its veto against the Canadian miner's proposed Pebble mine in the state's southwest region. Iliamna Natives Limited and Alaska Peninsula Corporation, which represent the communities closest to the copper and gold mining project, sued the EPA for exceeding its authority related to the veto, Northern Dynasty said in a statement.
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