financetom
Business
financetom
/
Business
/
Trigon Metals Pauses Kombat Mine Operations as Water Pumps Fail
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trigon Metals Pauses Kombat Mine Operations as Water Pumps Fail
Jan 31, 2025 5:46 AM

08:22 AM EST, 01/31/2025 (MT Newswires) -- Trigon Metals ( PNTZF ) on Friday said it suspended operations at its Kombat Mine in Namibia for between six to nine months after two main submersible dewatering pumps failed.

Water levels have returned to their normal levels of 60 metres below service at Shaft 1 and 120 metres at Shaft 3. Trigon expects that dewatering will restart in the third quarter of this year, once the pumps have been repaired and the risk of reoccurrence has been mitigated.

Both pumps have been sent to a third party engineering firm for independent verification of the root causes for the failures. Trigon has also retrenched most of its onsite employees.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US drops appeal in case over UnitedHealth Medicare plans' rating
US drops appeal in case over UnitedHealth Medicare plans' rating
Jan 24, 2025
Jan 24 (Reuters) - The U.S. Centers for Medicare and Medicaid Services on Friday said it would not appeal a court order that it recalculate the public star ratings it gave to UnitedHealth's ( UNH ) privately administered Medicare health insurance plans, which the insurer said would cost it millions of dollars from lost customers. The agency did not give...
Kimberly-Clark Faces Limited Upside Amid Persistent Investor Concerns, UBS Says
Kimberly-Clark Faces Limited Upside Amid Persistent Investor Concerns, UBS Says
Jan 24, 2025
02:40 PM EST, 01/24/2025 (MT Newswires) -- Kimberly-Clark ( KMB ) has limited upside until stronger visibility on performance metrics is achieved and investor sentiment remains negative due to year-to-date underperformance, UBS Securities said in an earnings preview emailed Friday. The company's Q4 earnings are scheduled for Jan. 28. The firm said that headwinds from private-label divestitures and foreign exchange...
US drops appeal in case over UnitedHealth Medicare plans' rating
US drops appeal in case over UnitedHealth Medicare plans' rating
Jan 24, 2025
(Reuters) - The U.S. Centers for Medicare and Medicaid Services on Friday said it would not appeal a court order that it recalculate the public star ratings it gave to UnitedHealth's privately administered Medicare health insurance plans, which the insurer said would cost it millions of dollars from lost customers. The agency did not give a reason for withdrawing the...
Update: Snow Lake Resources Shares Tumble After Pricing $16 Million Share Offering
Update: Snow Lake Resources Shares Tumble After Pricing $16 Million Share Offering
Jan 24, 2025
02:20 PM EST, 01/24/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.) Snow Lake Resources ( LITM ) shares were down more than 27% in recent Friday trading, a day after the company said it priced a best-efforts offering of 16 million shares at $1 per share. Proceeds from the offering, expected to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved