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Loddon HERALD Vol 4 No 15, WEDNESDAY APRIL 24, 2024 ISSN 2653-1550
Gina sells stake in Catalyst TYCOON Gina Rinehart has sold her major stake in gold miner Catalyst Metals. Friday’s announcement came just a day after Catalyst said negotiations with the Victorian Government to build a $20 million exploration tunnel for the Four Eagles Project were about to enter into a third year. Ms Rinehart’s “remaining substantial” Hancock Prospecting stake has been bought by Catalyst directors, senior management and institutional investors. Catalyst’s community consultation committee, with members from Mitiamo, Pyramid Hill and other Loddon Shire districts, is expected to be briefed on progress at Four Eagles next month. Hancock Prospecting remains a joint venture partner in Four Eagles. Catalyst has continued some drilling near Mitiamo while it develops plans for the submission of an environmental impact statement for the proposed tunnel. A spokesperson said: “The Victorian Government, and their department Earth Resources have been very supportive of Catalyst. Our task is to work with them to make sure we are doing what is required to deliver benefits to the state. “The regulatory differences do mean a higher hurdle rate for projects in the state of Victoria, making some not worth the investment, but overall, we believe we have a valuable opportunity (Four Eagles) and a supportive government.” The company’s recent focus has been on the gold-yielding Plutonic mine in Western Australia.
We Will Remember Them
SERVICEMEN on honour boards at Rheola Hall will be remembered in a special Anzac service at the town’s cemetery tomorrow. Barbara Catto has spent the last four months researching the service records of local residents who served in World War One, War Two and the Vietnam War. And she has arranged for descendants to lay flowers on graves in a poignant tribute following the Anzac Day service at the town’s war memorial The tribute to Edward Webb will be of significance. “He is buried in an unmarked grave. We have had a name plate made that will allow visitors to the cemetery to know Edward Webb is buried in the cemetery and
worthy of our acknowledgement.” Barbara said. She has researched the soldiers and located photographs of them in a project of passion to remember the service of men like Edward Webb. Born at Kingower, Edward Webb was 43 when he enlisted in 1916. He returned home the following year and died in 1923. Anzac services will be held across the Loddon tomorrow marking the 109th anniversary of the landing of Australian and New Zealand troops at Gallipoli.
MURALS TELL STORIES - PAGE 13
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