Treasury Wine Estates (ASX:TWE) said Chief Financial and Strategy Officer Stuart Boxer will retire on June 30, earlier than the previously planned Sept. 30 exit, according to a Tuesday filing with the Australian bourse.
Justin Pipito, deputy chief financial officer, will assume the role of interim chief financial and strategy officer, effective June 1, per the filing.
Greatland Resources (ASX:GGP) secured both state and federal government environmental permits for its Havieron project in Western Australia, according to a Tuesday filing with the Australian bourse.The approvals allow the company to advance toward a final investment decision in the June quarter, the filing said.
Viridis Mining and Minerals (ASX:VMM) manufactured the first batch of high-grade mixed rare earth carbonate at its demonstration plant in Poços de Caldas, Brazil, according to a Tuesday filing with the Australian bourse.The plant is currently processing ionic clay feed sourced from the Colossus Project Northern Concessions, with the ore feed expected to support the proposed mine plan's early years.As the demonstration plant is now operational, Viridis plans to advance key initiatives, including producing mixed rare earth carbonate samples "for potential offtake partners currently in advanced discussions," the company said."Very few Western rare earth companies possess the in-house capability to continuously process ionic clay material at scale, into a saleable [mixed rare earth carbonate] product," said Viridis Managing Director Rafael Moreno.
New Zealand's Electricity Authority on Tuesday imposed non-discrimination obligations on the country's four largest energy companies in a bid to level the playing field for hedging contracts in the electricity sector.Under the new rules, which are effective from July 1, Contact Energy (NZE:CEN, ASX:CEN), Genesis Energy (NZE:GNE, ASX:GNE), Mercury (NZE:MCY, ASX:MCY), and Meridian Energy (NZE:MEL, ASX:MEZ) will be required to provide risk management contracts to all buyers on an even-handed basis. This will prevent the companies from favoring their own retail divisions on price or non-price terms.The four power generation-retailer, or gentailer, firms will need to furnish compliance plans to the Authority each year, and also submit six-monthly assessments justifying their retail price offers relative to their expected cost of electricity supply.Electricity Authority Acting Chair Erik Westergaard said the new rules will boost competition, enhance transparency, and can be implemented quickly without a material cost increase for gentailers.Shares of all four companies rose less than 1% in recent Tuesday trade on the New Zealand bourse.