mine

69 days ago

Horizonte CEO and CFO quite rightly sacked, now for shareholders to get screwed one last time

After the admission of a shock £188 million cost over-run for the Araguaia Nickel mine in Brazil, it is quite right and proper that CEO Jeremy Martin and CFO Simon Retter have been given the order of the boot by Horizonte Minerals (HZM). I am pretty sure that both will get huge payoffs and will not need to resort to crowdfunding to keep bread on the table. Next up will be the final shafting of shareholders. Yes: their suffering is far from over.

---

2107 days ago

Berkeley Energia – a mixed bag quarterly update, but the investment case remains intact

A latest quarterly report from Berkeley Energia (BKY) includes “the government of the region demonstrated its continued support for the Salamanca mine in June when it rejected a resolution from opposition groups requesting that the company's potential €250 million investment be halted”, though also there’s been “issued a notice to the municipality recommending that the Urbanism Licence should not be awarded until two outstanding items regarding the licence are resolved”

---