Proactive

#BHP Group Ltd and its joint venture #Samarco, along with partner #Vale were acquitted by a Brazilian court in the high-profile Samarco dam collapse case.  BHP, its partners, and 22 former executives and technicians were cleared of criminal and environmental charges tied to the 2015 #Fundão dam collapse, which led to tragic loss of life and environmental destruction. “The documents, reports, and witness testimonies examined did not identify specific individual actions that directly and decisively contributed to the dam’s collapse.”  Despite this ruling, a parallel $70bn class action is progressing. More at #Proactive #ProactiveInvestors #BHPgroup #ASX http://ow.ly/nift105OWmB

Altech Batteries Limited (ASX:ATC, OTC:ALTHF) is aiming to raise A$4 million, with funds to be used to progress the #CERENERGY® and #SiluminaAnodes™ Projects. The company is advancing the commercialisation of its 120 MWh CERENERGY #batteryproject and approaching the commissioning of the Silumina Anodes pilot plant.  Money will be raised through the issuance of 66,666,667 fully paid ordinary shares at A$0.06 per share – a 50% premium over the recent entitlement offer on August 7, 2024. Investors in the placement will also receive one free attaching listed option for each share, with an exercise price of A$0.06 and an expiry date of December 31, 2025. Shares are scheduled to be issued on November 22, 2024. Funds from the placement are earmarked for several strategic objectives, including securing project finance and bank due diligence, advancing offtake agreements for the CERENERGY project, environmental... More at #Proactive #ProactiveInvestors http://ow.ly/ijm5105OWpM

Carnavale Resources Ltd has completed an extensional drilling program at the high-grade gold Swiftsure deposit within the #Kookynie Gold Project in WA, testing down dip extensions to bonanza gold grade shoots containing zones of more than 30g/t of gold.  The results of this drilling will help inform the next drill program expected to commence in January. More at #Proactive #ASX #gold #ASXGOLD #CAV #ProactiveInvestors #Swiftsure #bonanzagold http://ow.ly/Mo7L105OX0a

EDHEC venture Scientific Portfolio has unveiled a new platform enabling #investors to independently analyse the environmental, social and governance (#ESG) characteristics of #equityportfolios alongside related risk factors.  The tool addresses increasing industry demand for customised ESG and #climatefocusedportfoliomanagement, responding to a rising need for autonomy among institutional asset owners and wealth managers. “Among institutional asset owners and #wealthmanagers, there is a growing need to assume full control of their #investmentpolicy and an exponential demand for customisation linked to the advent of ESG and low-carbon and #sustainableinvesting,” Scientific Portfolio CEO Benjamin Herzog said. “At the same time, asset managers and investment solutions providers lack comprehensive tools to nourish an informed dialogue with their clients. Scientific Portfolio is ready to finally deliver all of equity... More at #Proactive #ProactiveInvestors http://ow.ly/JUrP105OWJh

Shares in #vaccinemakers such as Moderna Inc (NASDAQ:MRNA, ETR:0QF). and Pfizer Inc. (NYSE:PFE, ETR:PFE) declined on Thursday following news that President-elect Donald Trump has named #vaccine sceptic Robert F. Kennedy Jr. as his choice to lead the United States Department of Health and Human Services (HHS). BioNTech SE ADR and Novavax Inc dropped around 7%, with Moderna Inc (NASDAQ:MRNA, ETR:0QF) down 6%, Vaxcyte Inc dropping 4%, and Pfizer Inc (NYSE:PFE, ETR:PFE) sliding by 3%.  The declines began after a Politico report indicated Trump was likely to announce Kennedy’s appointment. Trump later confirmed the selection in a social media post after the market closed. “For too long, Americans have been crushed by the #industrialfoodcomplex and #drugcompanies who have engaged in deception, misinformation and disinformation when it comes to #PublicHealth,” Trump wrote.  “The Safety and Health of all Americans is the... More at #Proactive #ProactiveInvestors #NASDAQ http://ow.ly/goWv105OX0x

CuFe Ltd is set to increase its cash balance by $4m via the sale of its gold royalty over the #Crossroads #gold project to #NorthernStar. The funds will assist the company explore #copper #gold and #CriticalMetals opportunities in the #TennantCreek region of the Northern Territory. “Having considered the pros and cons of holding the royalty through to commencement of mining operations and possibility of receiving additional funds over a longer period of time, we believe the certainty of knowing what we will receive from the deal and being able to plan our work programs accordingly offers the best option for us. “The value of royalty streams is always uncertain when they form part of the consideration for a tenement sale so to receive $4 million cash for an asset that was sold more than 10 years ago is a great result for CuFe and its shareholders." More at #Proactive #ProactiveInvestors #ASX #CUF http://ow.ly/5AuH105OWZz

Any changes to the United States’ climate policy by the Trump administration could result in greater investment to Australia’s #CriticalMinerals and #GreenEnergy industries, said Prime Minister Anthony #Albanese.  Albanese’s remarks come as Trump signals a possible reversal of President Joe Biden’s climate initiatives, specifically the Inflation Reduction Act, which provides billions in subsidies for clean energy development. “There are potential benefits if there are changes in US policy. We'll wait and see what occurs,” Albanese told reporters during the APEC summit in Peru, underscoring the economic potential of climate action for Australia.  Australia’s rich deposits of #copper #vanadium #cobalt and #lithium — key minerals for #ElectricVehicleBatteries — position it as a competitor for global investment in critical minerals and clean energy. More at #Proactive #ProactiveInvestors #ASX http://ow.ly/h3hn105OX1I

In 2023 #RenewableEnergy accounted for 35% of Australia’s total electricity generation – #solar generation jumped 17% last year, having grown about 21% per year since 2015. That percentage will only grow as both #RooftopSolar and #SolarFarms continue to expand – 3.7 million rooftops across Australia already have solar panels installed. There are also more than 97 projects at the financial closing stage or actively under construction Australia wide, with potential for more than 12,000 megawatts of energy generation once they come online. While that’s excellent news for Australia’s #NetZero and #GreenEnergy goals, it also offers some structural hurdles to overcome. “The problem is that renewable energy must be stored to really be useful; there is too much of it when we don't need it, and not enough when we do,” Monash University associate professor Guillaume Roger said. More at #Proactive #ProactiveInvestors #TechBytes #Tech #CleanEnergy #Decarbonisation #EnergyStorage http://ow.ly/6SW8105OX4x

#Disney has offered investors a rare glimpse into its three-year financial outlook at a time of ongoing economic challenges, despite which the entertainment giant remains optimistic. The company’s confidence in its investments across theme park expansions, film production and traditional television assets sent its shares soaring, with a 10% increase shortly after markets opened on Thursday. The recovery in Disney’s stock is welcome news for shareholders, who had seen the company’s value decline by 17% since April’s 52-week high and nearly halve since 2021. The company’s growth projections suggest a path forward as it balances the challenges in its traditional businesses with promising gains in newer revenue streams like streaming. More at #Proactive #ProactiveInvestors #EntertainmentIndustry #BusinessNews #MarketRecovery #DisneyFinance http://ow.ly/8ZcQ105OX3F

Australia’s unemployment rate remained steady at 4.1% in October, with the number of employed people rising by 15,900 in seasonally adjusted terms. Alongside this, there was a decline in underemployment and youth unemployment, indicators that suggest job availability even for those seeking more hours or lacking experience. But analysts suggest the slowing pace of employment growth could signal an emerging trend, saying that if inflation continues to decrease, the RBA may look at cutting interest rates early in the new year, though this will still depend on price behaviours. Reserve Bank of Australia (RBA) forecasts align with this deceleration, projecting the unemployment rate to rise slightly to 4.3% by the end of the year. October’s employment data from the Australian Bureau of Statistics (ABS) demonstrates a more gradual rate of job growth compared to previous months. More at #Proactive #ProactiveInvestors #Unemployment #InterestRates #Inflation http://ow.ly/HpfV105OWpa