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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: .TOE
News: Latest news
Web Site: Toro Energy Limited
Other Articles: 18-02-201003-02-201029-01-2010

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Monday March 15, 10:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Toro Energy Limited

Toro Energy Limited

Toro Energy Limited is one of Australia’s largest (by market capitalisation) emerging uranium exploration and development companies. It has the financial and technical resources to discover and/or acquire uranium projects and bring them to production in a socially and environmentally responsible manner.

Toro has a pipeline of advanced projects in Australia (Wiluna in WA, Napperby in NT), with significant JORC resources with production potential by 2012. It has premium exploration tenure for uranium in Australia and Namibia, with a highly experienced board and management with extensive knowledge of uranium exploration, mining and marketing.  The company has technical and financial support from the largest shareholder, OZ Minerals Limited.

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Wednesday, February 03, 2010

Toro Energy gains momentum for environmental approval process at Wiluna

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Emerging uranium explorer Toro Energy (ASX: TOE) has received advice from the Western Australian Government finalising how the Company’s advanced Wiluna uranium project will be assessed for environmental approvals.

Western Australia’s Minister for Environment Hon Donna Faragher has dismissed the single only appeal against the level of environmental assessment protocols for Wiluna as set by the Environmental Protection Authority.

The EPA had set the level of assessment as an Environmental Review and Management Program and this has now been confirmed by the Minister.

In dismissing the appeal against the level of assessment, the Minister has set a period of 14 weeks for public exhibition of the ERMP.

The Federal Government had previously advised Toro that the Wiluna project is a nuclear action requiring assessment under the Environment Protection and Biodiversity Conservation Act and that it will be dealt with under the bi-lateral agreement with the Western Australian Government.

Toro Managing Director, Mr Greg Hall, said that the Western Australian Environment Minister’s decision completed the project referral stage of the environmental assessment and approvals process for Wiluna.

The State Government last month granted approval for a resource evaluation test pit at Wiluna. That work will commence next month and over a six week period, see about 45,000 tonnes of ore and barren material removed, sampled for various geological and other test purposes, and then returned to site with the area then fully rehabilitated.

Mr Hall welcomed the decision, saying Toro would now prepare an Environmental Scoping Document which would determine the content of the ERMP.

“We plan to have the ERMP available for public exhibition in the second half of 2010 in keeping with our project schedule for planned first production to commence by early 2013," Mr Hall said.

“At the Wiluna project site, work will commence soon on the previously approved trial pit, and Toro will be lodging a mining proposal with the Western Australian Department of Mines and Petroleum to undertake a heap leach trial to enable further feasibility review of ore processing options.”

Toro recently raised A$61 million to further fund the advancement, approvals and feasibility processes for its Wiluna project, 30 kilometres south of Wiluna, along with exploration work and corporate initiatives.

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