Chris Evans has been appointed chief operating officer, a newly created position, at Altura Mining. He has been Altura's general manager of operations since July 2015.
Mining executive Darren Townsend has left the top job at Peak Resources to become the chief development officer at Neometals, though he will continue at Peak as a non-executive director.
Peak Resources has progressed its majority owned Ngualla rare earth project in Tanzania with the release of a bankable feasibility study today, which revealed a development capex of $US356 million ($A475 million).
Rare earths miner Peak Resources plans to restructure its funding arrangements to increase its stake in the Ngualla joint venture, with a $7 million capital raising put forward to investors.
Peak Resources has appointed engineering firm Amec Foster Wheeler for its Ngualla rare earth project in Tanzania after locking in a $5 million interim loan.
Peak Resources has secured a $28.6 million funding deal with mining and metals equity investor Appian Natural Resources Fund, to assist in financing a bankable feasibility study at its Ngualla rare earth project in Tanzania.
Is $1,500 per day plus all reasonable expenses a good rate of pay for the top executive at a junior mining company in the midst of a cost-cutting drive? Read Business News' latest quarterly salary survey to learn more.
