Australian-based gold miner Kingsgate Consolidated has settled proceedings against its Political Risk Insurers (PRI) by entering into a legally binding Heads of Agreement (HOA).
Despite announcing a coal exit, Japanese conglomerate Marubeni still has around twelve gigawatts of coal-fired power proposals in development, exposing investors to continued risk as the world moves away from coal.
The Institute for Energy Economics and Financial Analysis (IEEFA) Australia says that building new coal mines makes no sense in 2019.
Kalamazoo Resources was awarded a grant under the Australian Government’s Department of Industry, Innovation and Science Innovation Connections scheme, which will assist with a collaborative research program with CSIRO to map mineral gradients and potential vectors to gold mineralisation within the Castlemaine Gold Project in Central Victoria.