The Rikayaa Metal News

JOHANNESBURG, Nov 8 (Reuters) – Fortescue Metals (FMG.AX) executive chairman Andrew Forrest on Tuesday said his charitable foundation is in favour of a pause on seabed mining, the first time a prominent mining executive has spoken out against the nascent industry. Forrest said the Minderoo Foundation, which he and his wife Nicola fund with the dividends they get from Fortescue, will back a pause until there’s sufficient evidence that damage to ocean environments can be prevented.

JOHANNESBURG, Nov 8 (Reuters) – Fortescue Metals (FMG.AX) executive chairman Andrew Forrest on Tuesday said his charitable foundation is in favour of a pause on seabed mining, the first time a prominent mining executive has spoken out against the nascent industry. Forrest said the Minderoo Foundation, which he and his wife Nicola fund with the dividends they get from Fortescue, will back a pause until there’s sufficient evidence that damage to ocean environments can be prevented.

PARIS, Nov 8 (Reuters) – President Emmanuel Macron on Tuesday told France’s biggest polluters they should cut their greenhouse gas emissions by half over the next decade and said there would be more public money available to help decarbonise the economy if they acted quickly.

PARIS, Nov 8 (Reuters) – President Emmanuel Macron on Tuesday told France’s biggest polluters they should cut their greenhouse gas emissions by half over the next decade and said there would be more public money available to help decarbonise the economy if they acted quickly.

PARIS, Nov 8 (Reuters) – President Emmanuel Macron on Tuesday told France’s biggest polluters they should cut their greenhouse gas emissions by half over the next decade and said there would be more public money available to help decarbonise the economy if they acted quickly.

Nov 8 (Reuters) – Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its significant mineral reserves and a resource boom due to policy uncertainty, a lack of ancillary industries to support mining, currency volatility and electricity shortages.

Newcrest Mining (TSX: NCM; ASX: NCM), Australia’s largest gold producer, has approved an A$214 million (about US$140 million) expansion of its Telfer gold-copper operations, which include the Main Dome, West Dome open pits and underground mines. The company said the West Dome Stage 8 cutback should start producing ore in the current quarter — its second quarter of fiscal year 2023 — and extend Telfer’s operations into early fiscal year 2025.

Dealing with financial difficulties, Sierra Metals (TSX: SMT) confirmed on Oct. 31 that it has received a letter of intent (LOI) from Compañia Minera Kolpa, a polymetallic mining company based in Peru, regarding a proposed business combination and an investment package. The LOI was submitted by Kolpa with its shareholders, including Arias Resource Capital Fund II.

As part of the Action Plan on Critical Raw Materials, the European Commission is working to build partnerships with resource-rich third countries, making use of all external policy instruments and respecting its international obligations.

Nov 8 (Reuters) – Zimbabwe has passed regulations allowing the state to collect mining royalties partly in the form of minerals, according to a government notice seen by Reuters on Tuesday, as the country seeks to build a reserve of precious metals. The southern African country has struggled to capitalise on its significant mineral reserves and a resource boom due to policy uncertainty, a lack of ancillary industries to support mining, currency volatility and electricity shortages.