JENNMAR picks up majority stake in ASW

U.S.-based JENNMAR has acquired a majority stake in Australian Steel and Wire, a takeover its officials said will grow its wire mesh expertise and expand its offerings in North America, Europe and the Asia-Pacific region. JENNMAR, a portfolio company of FalconPoint Partners, will integrate ASW into its JENNMAR Australia group of companies. Terms of the transaction were not disclosed. ASW’s…

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Tocantinzinho nears completion: G Mining Ventures

G Mining Ventures provided an update on progress made at its flagship Tocantinzinho gold project currently under construction in the state of Pará, Brazil. The miner said the project remains on schedule and on budget for commercial production in the second half of 2024.  Pre-production mining continues to progress above budget, having excavated 12.4 million tonnes of material from the…

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Kingsrose, BHP to explore Nordic region

Kingsrose Mining and BHP have signed two industry-leading exploration alliance agreements, under which the latter will provide funding for regional mineral exploration for nickel and copper across areas of interest in Norway and Finland. “Following our participation in the inaugural BHP Xplor program, it is incredibly exciting to be announcing these exploration alliances with BHP, one of the world’s leading…

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Hecla’s Baker retires, Boggs tapped to succeed

Hecla Mining has named Catherine J. “Cassie” Boggs, its current board chair, to the seat of interim president and chief executive officer. Boggs succeeds Phillips S. Baker Jr., who is retiring and stepping down from the board. Boggs will continue to serve as board chair. It has also named Charles B. Stanley to serve as lead independent director, effective May…

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One dead at Phakisa mine in South Africa

Harmony Gold reported a fatality at its Phakisa mine in the Free State province, South Africa, following a blasting incident on May 21. All blasting operations have been temporarily suspended. The relevant authorities have been informed and the Department of Mineral Resources and Energy, labor representatives and mine management will investigate the cause of the incident. “The safety of our…

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