New members add gold operating experience to RNC board

TSX-listed RNC Minerals on Monday announced that it would strengthen its board with significant gold operating experience by appointing Paul Huet and Warwick Morley-Jepson to its board of directors. Huet will service as a director of RNC and Morley-Jepson will serve as a board observer. Both will serve on a newly-created technical committee of the board, which will be chaired by Huet. Most recently, Huet was president, CEO and director of Klondex Mines from 2012 to 2018, until it was acquired by Hecla Mining. Morley-Jepson previously served as executive VP and COO of Kinross Gold from October 2014 to December 2016. RNC executive chairperson Scott Hand said that having Huet and Morley-Jepson join the team was a “strong endorsement of the potential of the Beta Hunt mine”. In October, RNC’s Beta Hunt mine, in Australia, reported a major increase in third-quarter production, with output hitting a record 31 360 mined ounces. The mine hosts the recently discovered high-grade Father’s Day Vein, which the company has described as a “once-in-a-lifetime” discovery. In September, RNC reported that a 43 kg specimen stone contained an estimated 1 100 oz of gold and that a second specimen contained 190 oz. This is in addition to the 9 250 oz of gold that it recovered from a 44 m3 cut, equalling more than 70 oz/t or 2 200 g/t.

Comments

Post a Comment

Popular posts from this blog

Mines to gain control of yellow metal assets – aims to reduce fraud

SAMAR announces plans to cover entire life-cycle of all assets MIDRAND, SOUTH AFRICA – 25 May 2017 – The Southern African Movable Asset Register (SAMAR) today announces its plans that will allow mines, contractors, manufacturers, importers, builders, banks, insurers as well as the general public to control title and ownership of all movable assets, including yellow metal and other movable assets used during operations. In Africa, many yellow metal assets are crudely marked and registered to businesses. However, SAMAR creates the most recent reliable record of an asset and yellow metal by updating records in real-time as changes are made by various system participants. This allows businesses to effectively manage and control the financing of assets and yellow metal not on eNaTIS throughout their lifecycle. This greatly reduces fraud, theft, double discounting, or incorrect depiction for value and insurance purposes. Benefits for contractors • The value of movable assets and yello...
Read more

Creativity Saves Lives. Protect your people today, tomorrow and for the future

Image
MEDIA STATEMENT A strong Health and Safety culture improves productivity and assists in creating a safe and great place to work. The health and safety dialogue company ensures labour force, management, community and all stakeholders are aligned in creating and respecting a safe and healthy working environment. Through workshops and visual campaigns, we bring your Health and Safety Policy to life. Legislation is designed to protect human life and to enforce safety standards. However, OHS Acts are often complex and difficult to understand especially in areas with low literacy. It is essential as a business to ensure your labour force truly understand the associated risks within their working environment; culture goes beyond ticking training boxes. Has your organisation considered the importance of promoting a Health and Safety culture? Are you confident your employees are living and working in a safety conscious culture beyond paperwork and legislation? The vision of the health and...
Read more

Reconditioning of components with Thermal Spray Coatings

Image
The application of Thermal Spray coatings by South Africa’s leading surface coating specialists, Thermaspray, can lead to an enhancement in performance and an extension of service life of expensive engineering parts and industrial components, leading to substantial reductions in downtime and production costs. Engineering components and parts in production processes are subject to degradation through wear, corrosion, oxidation and cavitation. Thermaspray, Managing Director, Dr. Jan Lourens, points out that as all these degradation processes are active on the surface of components, a suitably selected and correctly applied surface coating like Thermal Spray can effectively re-condition production equipment to ‘as new’. “In fact”, adds Dr. Lourens, “very often, through degradation analyses and the selection of a superior coating, a thermal spray coating makes it possible to provide virtually as good as new a component. Most importantly for the end user, this means substantial cost sav...
Read more