Henry Plant and Equipment

A Memorandum of Understanding (MoU) initiated between the NSW and South Australian Governments aims to increase investment and economic development in mineral resources near the shared border. NSW Resources and Energy minister Chris Hartcher and SA Mineral Resources and Energy minister Tom Koutsantonis formally agreed to guide areas of responsibility for joint cooperation between the NSW Trade and Investment department and the SA Manufacturing, Innovation, Trade, Resources and Energy department in Broken Hill. The scope of the MoU focussed on creating joint programs to promote exploration and investment, by positioning the governments as proactive jurisdictions that would welcome overseas investment; developing alignment between the geological and regulatory system in both states; and generating a renewed commitment tocollaborative exploration initiatives for...

“Net zero 2050 is a con” says Forrest, as Fortescue plans for 2030 Fortescue (ASX: FMG) has released its rigorous climate transition plan that lays out how it plans to stop burning fossil fuels across its Australian iron ore operations by the end of the decade. The action plan was released by Fortescue executive chairman Andrew Forrest at a roundtable event hosted by United Nations under-secretary general Melissa Fleming in New York. The detailed timeline shows how Fortescue will eliminate Scope 1 and 2 emissions without voluntary carbon offsets and without carbon capture and storage – which is now...

Westgold Resources (ASX: WGX) will divest the Mt Henry-Selene gold project in WA, closely following the announced spin-out of the company’s non-core Murchison projects.

POSITIVE steps towards progressing Kogi Iron’s Agbaja steel project in Nigeria have been announced, including a recent $3.2m fundraising toward the financial completion of the feasibility study. The Project, located at Agbaja in Central Nigeria, will potentially produce 1mt of cast steel feedstock annually. A fourth lease has been granted by the Mining Cadastre Office, FRN which will deliver a contiguous tenement package on the Agbaja Plateau of around 145sqkm. Kogi Iron Limited managing director David Turvey said the company had achieved another milestone as it moved forward to becoming an integrated steel producer in Nigeria. The new funding commitments include $860,000 in new equity from current shareholders, endorsing the project’s strong potential. Board members have continued to meet with...