Latest news with #MineralResources
Jordan News
3 days ago
- Business
- Jordan News
Jordan's Energy Ministry Reviews Key Priorities of Economic Modernization Vision 2025–2029 - Jordan News
Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, chaired a meeting on Sunday with the Executive Committee of the Economic Modernization Vision, joined by sector liaison officers and directors of relevant departments and organizational units. اضافة اعلان During the meeting, Dr. Al-Kharabsheh stressed the daily review of the Executive Program of the vision as a top priority, highlighting the importance of adhering to project timelines and ensuring that all initiatives are tied to clear, measurable results indicators. He noted that the Ministry is currently revising the results indicators for initiatives spanning 2025–2029, and is working closely with sector partners to prepare the Executive Program for 2026–2029, with regular, intensive coordination meetings being held for that purpose. The first-quarter report on the Executive Program—published on the Government Performance Platform—outlined several key accomplishments: 740 solar water heaters funded and installed. 6 gas wells drilled in the Risha gas field. Signing of an additional Memorandum of Understanding (MoU) with green hydrogen developers, bringing the total to 14 MoUs. One framework agreement also signed in the green hydrogen sector. Dr. Al-Kharabsheh reaffirmed the Ministry's commitment to ensuring that all projects under the Economic Modernization Vision are closely monitored, efficiently implemented, and results-driven, in line with Jordan's long-term development goals.
Zawya
6 days ago
- Business
- Zawya
Minerals Council South Africa inputs not reflected in MRD Bill
The Mineral Resources Development Bill (MRD) does not reflect inputs from the Minerals Council South Africa. The Mineral Resources Development Bill (MRD) does not reflect inputs from the Minerals Council South Africa. These were given during brief, high-level engagements with the Department of Mineral and Petroleum Resources. So says its CEO Mzila Mthenjane. 'The draft bill is not altogether optimal. We did have engagements with the department, but we cannot see where our inputs were taken into consideration,' says Mthenjane. 'What we were exposed to in our two engagements was very high level, and we were not given any access to the underlying wording of what we were shown and how it was being amended,' he says. Empowerment requirements Giving an example, Mthenjane points to oft-repeated public comments by Minister Gwede Mantashe that prospecting companies were excluded from the same empowerment requirements for holders of mining rights. 'We raised this point over and over in our engagements with the department that the amendments must specifically exclude prospecting companies from empowerment requirements. Exploration is the highest risk part of the mineral value chain and imposes an unnecessary burden on prospectors who must sink every rand into drilling and data interpretation. 'Yet in this draft bill, none of that is included,' he says. The Minerals Council continues to review the Bill and will further engage the department to co-create a regulatory environment that will attract and support investment in exploration, mine development and the sustainability of existing mines to unlock the potential of South Africa's mineral resources for economic growth and job creation. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
AU Financial Review
6 days ago
- Business
- AU Financial Review
Ellison shrugs off MinRes downgrade for haul road charm offensive
Mineral Resources founder Chris Ellison was wrapping up a pep talk to investors and analysts ahead of a site visit to the miner's $3 billion Onslow Iron project when news of a cut to its iron ore production hit the ASX. It was a difficult moment for Ellison, whose efforts to restore confidence in the troubled project and the accident-prone haul road that links its mine to a port were undermined in real-time by an update that highlighted its problems.
Jordan News
6 days ago
- Business
- Jordan News
Energy Minister: 55 Million Cubic Meters of Gas Annually and 145 Wells by 2030 - Jordan News
Jordan's Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, announced on Wednesday that the ministry currently extracts 55 million cubic meters of natural gas annually and is planning to drill 145 wells by 2030. اضافة اعلان During a meeting with the joint parliamentary committee discussing updates on the government's Economic Modernization Vision, Al-Kharabsheh stated that the ministry aims to increase annual gas production to 418 million cubic meters by the year 2030. As part of the 2024 implementation of the modernization vision, the minister noted that the ministry is working on 50 priority initiatives, 16 of which have already been completed. For 2025, 37 priorities are scheduled, including 18 related to the energy sector—of which 11 have been implemented, while work is ongoing on the remaining 7. One of the key projects highlighted by the minister is the expansion of natural gas supply to several industrial cities, including ongoing work to deliver gas to Al-Muwaqqar Industrial Estate and other areas. This is aimed at providing a cheaper alternative energy source for the industrial sector. Regarding the floating gas storage and regasification unit (FSRU) in Aqaba, Al-Kharabsheh announced that its operations have ended and the vessel is scheduled to depart the port on June 4.
News.com.au
7 days ago
- Business
- News.com.au
Lunch Wrap: ASX steady despite CPI surprise, MinRes sinks again on iron downgrade
ASX holds firm as inflation sticks at 2.4pc MinRes cops another whack on fresh iron ore downgrade Web Travel flies, Myer goes glam The ASX managed to hold its ground on Wednesday morning despite April CPI coming in a touch hotter than forecast. Fresh numbers from the ABS showed consumer prices rose 2.4% over the year to April, steady on March, but above market hopes of a dip to 2.3%. It's still within the RBA's 2-3% target band. Investors have been banking on a smooth descent in inflation following the RBA's rate cut last week, but today's stickiness could be enough to make the RBA glance twice. Over on Wall Street last night, sentiment was upbeat after a pop in US consumer confidence, lifting the S&P 500 and Nasdaq by more than 2%. Investors are also watching for Nvidia's earnings later tonight (AEST), hoping for signs that the AI chip boom is still powering ahead. A strong print here could light a fire under the sector. Now back home where the wave from Wall Street rippled into the ASX this morning. Aussie tech names like NextDC (ASX:NXT) and WiseTech Global (ASX:WTC) tracked the US surge. Energy stocks rebounded on the back of higher crude prices. But a 6.5% sell-off in mining heavyweight Mineral Resources (ASX:MIN) has deepened a rout that's seen the stock shed over 70% in the past year. The selling accelerated after MinRes cut its iron ore guidance for the second time in a month, now expecting between 7.8 million and 8 million tonnes, down as much as 10%. In other large cap news, Web Travel Group (ASX:WEB) soared 15% after telling investors it's 'recalibrated and back on track.' WEB's transaction values jumped 22% to $4.9 billion, and bookings rose 20% over the year to March. Property giant Goodman Group (ASX:GMG) rose 0.6% after sticking to its full-year outlook, though it did warn that some global tenants are dragging their feet on lease decisions. Fisher & Paykel Healthcare (ASX:FPH) fell 5% despite delivering a 43% jump in full year net profit to NZ$377.2 million. And, Myer (ASX:MYR) climbed 1% after holding an Investor Day and announced a fresh push into in-store beauty. Myer said it will be rolling out blow-dry bars, nail stations, and revamping its loyalty program to reel in younger shoppers. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for May 28 : Security Description Last % Volume MktCap IFG Infocus Group 0.011 120% 58,368,339 $1,312,134 AAU Antilles Gold Ltd 0.006 100% 14,488,082 $6,379,103 BMO Bastion Minerals 0.0015 50% 3,500,000 $903,628 DTM Dart Mining NL 0.004 33% 14,968,168 $3,594,167 TKL Traka Resources 0.002 33% 500,000 $3,188,685 VPR Voltgroupltd 0.002 33% 650,000 $16,074,312 DTR Dateline Resources 0.072 31% 102,352,401 $155,089,566 SHN Sunshine Metals Ltd 0.0085 21% 8,287,232 $14,613,514 HIO Hawsons Iron Ltd 0.019 19% 1,979,893 $16,264,022 A1G African Gold Ltd. 0.16 19% 1,423,317 $64,802,677 DXN DXN Limited 0.035 17% 2,032,316 $8,961,109 TMK TMK Energy Limited 0.0035 17% 251,278 $30,667,149 YAR Yari Minerals Ltd 0.007 17% 2,803,749 $3,328,269 AUG Augustus Minerals 0.029 16% 408,484 $2,979,786 CVR Cavalier Resources 0.19 15% 62,666 $9,543,966 D3E D3 Energy Limited 0.115 15% 25,000 $7,947,501 OIL Optiscan Imaging 0.125 14% 247,732 $91,887,488 SYA Sayona Mining Ltd 0.017 13% 55,151,481 $173,149,440 BVR Bellavista Resources 0.35 13% 16,993 $31,273,592 PCK Painchek Ltd 0.054 13% 1,635,674 $88,412,102 SRI Sipa Resources Ltd 0.0135 13% 4,952,177 $4,996,780 STK Strickland Metals 0.135 13% 12,916,873 $271,483,176 TAT Tartana Minerals Ltd 0.045 13% 44,444 $8,565,836 FBM Future Battery 0.018 13% 536,953 $10,700,895 Pivotal Metals (ASX:PVT) said it has uncovered bonanza-grade gold at its Lorraine prospect in Quebec, with one historical channel sample hitting 28 metres at 45.2g/t gold. A deeper drill hole pulled 0.97m at 56.2g/t, including a spicy 0.15m at 233.9g/t. The gold sits in a 600-metre corridor of copper-gold quartz veins, just 12km from the historic Belleterre mine. It's largely untouched ground for gold, with previous efforts focused on copper and nickel. Pivotal's now launching a full-blown field program to line up fresh drill targets. It reckons this could be the next big hit in its BAGB project, already home to high-grade copper and nickel. Locksley Resources (ASX:LKY) has locked in $1.47 million through a well-supported placement at 4 cents a share to fund drilling at its Mojave Project in California. The cash will go straight into boots-on-ground exploration, with the team already mobilising. Drilling's planned for the September quarter, targeting rare earths at El Campo (up to 12.1% TREO) and high-grade antimony at the Desert Antimony Mine (up to 46% Sb), pending final permits. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for May 28 : Code Name Price % Change Volume Market Cap LNR Lanthanein Resources 0.001 -50% 113,750 $4,887,272 AOK Australian Oil 0.002 -33% 726,153 $3,005,349 CZN Corazon Ltd 0.001 -33% 460,000 $1,776,858 ALM Alma Metals Ltd 0.003 -25% 325,110 $6,345,381 AW1 American West Metals 0.04 -22% 3,835,385 $30,382,869 HLX Helix Resources 0.002 -20% 465,000 $8,410,484 JAV Javelin Minerals Ltd 0.002 -20% 100,000 $15,115,373 FCT Firstwave Cloud Tech 0.014 -18% 258,457 $29,129,818 MEL Metgasco Ltd 0.0025 -17% 373,000 $4,372,760 OVT Ovanti Limited 0.0025 -17% 4,133,795 $8,380,545 VEN Vintage Energy 0.005 -17% 863,620 $11,982,791 VML Vital Metals Limited 0.0025 -17% 700,000 $17,685,201 BUS Bubalusresources 0.11 -15% 257,500 $7,330,047 CML Connected Minerals 0.14 -15% 70,873 $6,824,105 CBE Cobre 0.036 -14% 1,404,782 $18,464,878 AN1 Anagenics Limited 0.006 -14% 1,223,965 $3,474,243 ARV Artemis Resources 0.006 -14% 1,051,327 $17,699,705 FAU First Au Ltd 0.003 -14% 250,000 $7,251,976 GLL Galilee Energy Ltd 0.006 -14% 1,271,297 $4,950,350 RDN Raiden Resources Ltd 0.006 -14% 2,037,572 $24,156,240 TYX Tyranna Res Ltd 0.003 -14% 57,308 $11,509,489 ADG Adelong Gold Limited 0.007 -13% 2,094,296 $11,179,890 ADO Anteotech Ltd 0.007 -13% 1,544,048 $21,642,403 AX8 Accelerate Resources 0.007 -13% 110,300 $6,377,510 Predictive Discovery's (ASX:PDI) shares fell after Guinea's government unexpectedly revoked over 100 exploration permits, including PDI's Argo and Bokoro tenements. The company hadn't been formally notified, but the permits were up for extension and PDI plans to appeal. The Bankan Gold Project though, home to the bulk of PDI's 5.53Moz resource, wasn't affected. Its exploitation permit is still progressing through the Guinean approval system.
