LEADERSHIP

Toro gets fresh enviro approval

Toro Energy has been granted environmental approval for its broadened Wiluna uranium project in W...

Kristie Batten
Toro gets fresh enviro approval

WA Minister for the Environment Albert Jacob approved the revised proposal, after the company’s initial plan was first given the nod in October 2012.

It comes after the Environmental Protection Authority recommended the approval of the proposal in September.

The latest proposal comprised the mining of the Centipede, Lake Way, Millipede and Lake Maitland deposits, as well as a plant and associated infrastructure.

Lake Maitland and Millipede were acquired in 2013, after the initial approvals were obtained.

Toro is now aiming to obtain federal government approval by March.

The company is still undertaking further work on the Wiluna project to improve economics, but last month lowered the estimated cost of the processing plant to $A78 million from $134 million.

Toro has lost its managing director Vanessa Guthrie and chairman John Cahill within the past month after both resigned separately.

Richard Homsany is now executive chairman with Andrew Worland as general manager and company secretary.

Shares in the company jumped by over 30% on Friday to 5.8c, around an eight-month high, but dropped to 5.5c yesterday.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.