Author

admin

Browsing

Japan’s Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party secured a sweeping win in Sunday’s parliamentary elections, capturing about 316 seats in the 465-member lower house and achieving a governing supermajority alongside allies. The result gives her a strong mandate to advance a conservative agenda focused on defense, immigration and economic reforms, the Associated Press reported.

A heavy metal fan and drummer, Takaichi — who has long cited former British PM Margaret Thatcher as a personal and political inspiration — expressed gratitude for President Trump’s support, thanking him for his congratulatory message following the victory and signaling continued alignment with Washington.

Trump praised her leadership in a post after the results were announced. ‘Congratulations to Prime Minister Sanae Takaichi and her Coalition on a LANDSLIDE Victory in today’s very important Vote,’ Trump wrote on social media, ‘Sanae’s bold and wise decision to call for an election paid off big time. Her Party now runs the Legislature, holding a HISTORIC TWO THIRDS SUPERMAJORITY — The first time since World War II. Sanae: It was my Honor to Endorse you and your Coalition. I wish you Great Success in passing your Conservative, Peace Through Strength Agenda. The wonderful people of Japan, who voted with such enthusiasm, will always have my strong support.’

The election outcome represents one of the strongest performances for the ruling party in years and solidifies Takaichi’s position only months after taking office as Japan’s first female prime minister.

Following the results, Takaichi said she was prepared to move forward with policies aimed at making Japan ‘strong and prosperous,’ as she seeks to implement reforms and bolster national security, the Associated Press reported.

Her agenda includes boosting defense spending, revising security policies and stimulating economic growth, while maintaining a tougher posture toward regional threats such as China. Known for her hawkish stance on Beijing, Takaichi is expected to maintain Japan’s close alignment with the United States.

‘Takaichi’s landslide win shows other leaders that defiance of China can be popular with voters. Nobody has to appease or please Xi Jinping anymore,’ Asia analyst Gordon Chang told Fox News Digital.

U.S. officials also welcomed the outcome. Treasury Secretary Scott Bessent described aid on Fox News’ ‘Sunday Morning Futures With Maria Bartiromo’ that Takaichi is a strong ally and emphasized that her leadership strengthens the strategic partnership between Washington and Tokyo.

Takaichi’s victory is widely seen as a geopolitical signal as well as a domestic political triumph. Analysts say the strengthened mandate could deepen cooperation with the United States on security and economic policy at a time of rising tensions in the Indo-Pacific.

The snap election, called just months into her premiership, was widely viewed as a referendum on her leadership. With the opposition fragmented, voters delivered a decisive result that now gives Takaichi political space to pursue her agenda through the remainder of the parliamentary term.

Takaichi backs strengthening Japan’s defense posture and supports constitutional revision to expand the role of the military. Economically, she has praised the stimulus-driven policies associated with former Prime Minister Shinzo Abe.

Her public thanks to Trump underscores how central the U.S. alliance remains to Tokyo’s strategy moving forward, experts say, as she prepares to translate electoral momentum into legislative and security action at home and abroad.

Reuters and the Associated Press contributed to this report.

This post appeared first on FOX NEWS

The House Oversight Committee’s deposition of Ghislaine Maxwell ended less than an hour after it began on Monday morning, when the convicted accomplice of the late Jeffrey Epstein pleaded the Fifth Amendment.

Maxwell appeared before lawmakers virtually for a closed-door interview in the House bipartisan probe into the federal government’s handling of Epstein’s case.

Her attorney apparently told lawmakers, however, that she could not implicate neither President Donald Trump nor former President Bill Clinton in any wrongdoing.

‘[B]oth President Trump and President Clinton are innocent of any wrongdoing. Ms. Maxwell alone can explain why, and the public is entitled to that explanation,’ lawyer David Oscar Markus posted on X after the deposition.

Markus also told lawmakers that she would only answer questions if her prison sentence was cut short by Trump, according to the statement.

‘If this Committee and the American public truly want to hear the unfiltered truth about what happened, there is a straightforward path. Ms. Maxwell is prepared to speak fully and honestly if granted clemency by President Trump.   Only she can provide the complete account. Some may not like what they hear, but the truth matters,’ his statement said.

Maxwell is currently serving out a 20-year sentence at a Texas prison.

‘As expected, Ghislaine Maxwell took the fifth and refused to answer any questions. This is obviously very disappointing,’ House Oversight Committee Chairman James Comer, R-Ky., told reporters after the deposition. ‘We had many questions to ask about the crime she and Epstein committed, as well as questions about potential co-conspirators. We sincerely want to get to the truth for the American people and justice for the survivors.’

Comer said Maxwell’s lawyer told the committee that she would only answer questions if she was granted clemency by President Donald Trump.

Maxwell did say through her attorney, however, that neither Trump nor 

Democrats on the panel, who spoke after Comer, accused Maxwell of trying to lobby for a pardon and demanded that Trump publicly rule out the possibility.

‘What we did get was another episode in her long-running campaign for clemency from President Trump, and President Trump could end that today,’ said Rep. James Walkinshaw, D-Va. ‘He could rule out clemency for Ghislaine Maxwell, the monster. The question for all of us today is why hasn’t he done that?’

The former British socialite was found guilty in December 2021 of being an accomplice in Epstein’s scheme to sexually traffic and exploit female minors.

The DOJ said at the time of her sentencing that Maxwell ‘enticed and groomed minor girls to be abused in multiple ways.’

Comer announced lawmakers would hear from Maxwell late last month during a meeting on holding former President Bill Clinton and former Secretary of State Hillary Clinton in contempt of Congress for refusing to appear for his Epstein probe.

‘We’ve been trying to get her in for a deposition. Our lawyers have been saying that she’s going to plead the Fifth, but we have nailed down a date, Feb. 9, where Ghislaine Maxwell will be deposed by this committee,’ Comer said at the time.

Contempt proceedings against the Clintons stalled, however, after they agreed via their attorneys to appear in person on Capitol Hill just days before the full House of Representatives was expected to vote on referring the pair to the Department of Justice (DOJ) for criminal charges.

Comer’s team had been in a back-and-forth with Maxwell’s attorney for months trying to nail down a date for her to speak to committee lawyers.

He agreed to delay her previous planned deposition in August after her lawyer asked him to wait until after the Supreme Court decided whether it would hear her appeal. The Supreme Court turned down Maxwell’s case in October.

She and the Clintons’ depositions are part of the House Oversight Committee’s months-long probe into how the government handled Epstein’s case. 

Comer told reporters on Monday that five more depositions would happen in the coming weeks including former Victoria’s Secret CEO Les Wexner on Feb. 18, Hillary Clinton on Feb. 26, Bill Clinton on Feb. 27, Epstein accountant Richard Khan on March 11, and Epstein attorney Darren Indyke on March 19.

This post appeared first on FOX NEWS

Progressive Rep. Jasmine Crockett, D-Texas, shared a vulgar six-word warning for President Donald Trump as Democrats continue to hunt for links implicating him in Jeffrey Epstein’s crimes.

It comes after Ghislaine Maxwell’s closed-door deposition before the House Oversight Committee in which the convicted Epstein accomplice invoked the Fifth Amendment to avoid answering any questions from lawmakers.

‘We’re gonna be on his a–,’ Crockett told reporters on Monday morning after the deposition concluded. ‘We have a 34-count convicted felon, and there are people that are still shielding him from any type of accountability as it relates to a child sex-trafficking ring.’

She then pivoted to contrasting Trump’s treatment with how House Republicans have handled the Clintons, who are also being asked to testify, though Crockett insisted it was not a partisan situation.

‘Right now we know that they were willing to try to throw the Clintons in prison for not showing up yet,’ Crockett said. 

‘Then we went through the hearing as it relates to the Clintons, I said, ‘Listen, we know that Donald Trump’s name is mentioned more. Bring him in, too.’… This, for the Democrats, this isn’t partisanship. This is about right versus wrong.’

Crockett was referring to House Oversight Committee Chairman James Comer, R-Ky., launching contempt proceedings against former President Bill Clinton and former Secretary of State Hillary Clinton for initially refusing to appear in person on Capitol Hill for their own closed-door depositions.

The Clintons’ attorneys wrote to Comer announcing they would finally agree to come in under his terms just days before the full House of Representatives was set to vote on referring the ex-first couple to the Department of Justice (DOJ) for criminal charges.

But a public spat has erupted since then, with the Clintons demanding they instead get to testify at televised hearings. Currently, they are slated to be grilled during closed-door, videotaped depositions.

When asked about that back-and-forth by Fox News Digital, Crockett said, ‘What they want to do is they want to go behind closed doors and then come out with whatever spin that they want to put on it and have it be a he said, she said.’

‘They are playing games right now. And again, this is all about shielding and distracting from the president of the United States, who is absolutely mentioned in those files,’ Crockett told Fox News Digital.

Both Trump and Bill Clinton’s names do appear in the Epstein files released by both the committee and the DOJ, but neither is implicated in any wrongdoing related to the late pedophile.

Crockett is currently mounting a long-shot bid for the Senate seat occupied by Sen. John Cornyn, R-Texas.

This post appeared first on FOX NEWS

British Prime Minister Keir Starmer is facing one of the most serious crises of his premiership after a cascade of resignations, renewed scrutiny over his decision to appoint Peter Mandelson as Britain’s ambassador to Washington and mounting unrest inside the ruling Labor Party ahead of a critical meeting of members of Parliament Monday evening.

On Monday, Scottish Labor leader Anas Sarwar became the most senior party figure to call for Starmer’s resignation, saying ‘the distraction needs to end and the leadership in Downing Street has to change,’ according to the Associated Press. His intervention piles fresh pressure on the prime minister.

At the center of the crisis are newly publicized materials detailing Mandelson’s links to Jeffrey Epstein, revelations that have reshaped the political stakes and triggered questions about vetting at the highest levels of government. Documents cited by Fox News Digital report Mandelson maintained contact with Epstein after his 2008 conviction, and that Epstein transferred about $75,000 in 2003 and 2004 to accounts connected to Mandelson or his husband.

Morgan McSweeney, Starmer’s chief of staff and one of the most influential figures inside Downing Street, stepped down on Sunday after acknowledging his role in recommending Mandelson for the diplomatic post. In a resignation statement obtained by The Guardian, McSweeney said the decision was ‘wrong’ and he accepted responsibility, calling his departure the ‘only honorable course.’

The pressure intensified hours later when Tim Allan, the prime minister’s director of communications, also resigned, according to GB News. Allan, a veteran New Labor strategist, became the second senior aide to exit as the political fallout deepened.

Dr. John Hemmings, director of the National Security Center at the Henry Jackson Society, told Fox News Digital the prime minister is now under escalating political pressure and that ‘it’s unclear as to whether he’ll survive.’

‘Prime Minister Starmer is coming under ever-increasing political pressure to resign here in London in the wake of the scandal around Lord Mandelson — his appointed ambassador to the United States — and his connection to Jeffrey Epstein. He has lost two close aides and is under attack for his China foreign policy. The Chagos Deal is under scrutiny and his trip to Beijing was largely viewed as devoid of real results,’ Hemmings said.

Alan Mendoza, executive director of the Henry Jackson Society, added: ‘It is extraordinary to be in a situation where a prime minister who won a landslide general election victory only 20 months ago is now on the verge of being forced to resign. We are here as a result of a series of policy U-turns and bad judgment calls culminating in the Lord Mandelson debacle. His fate is now ultimately in the hands of the Parliamentary Labor Party tonight. If he feels he no longer has their confidence, then there is every chance that this will be the end of Keir Starmer.’

Starmer has sought to contain the damage, saying he regrets the appointment. In remarks reported by GB News on Monday, the prime minister said: ‘I have been absolutely clear that I regret the decision that I made to appoint Peter Mandelson. And I’ve apologized to the victims, which is the right thing to do.’ He added that scandals of this kind risk undermining public faith in politics.

The prime minister now faces a showdown with Labor lawmakers, with backbench MPs expected to challenge his leadership at a party meeting Monday evening U.K. time. A senior Labor MP told GB News the ‘clock is ticking’ and called for decisive action to ‘cleanse politics.’

Downing Street has insisted Starmer will not resign despite the double departure. A spokesperson told journalists that the prime minister is ‘getting on with the job in hand and delivering change across the country,’ and he remains ‘upbeat and confident,’ and retains Cabinet support.

The political damage, however, extends beyond staffing turmoil. Mandelson was withdrawn from the ambassador role after additional details about his relationship with Epstein emerged, and he resigned from the Labor Party earlier this month, leaving Starmer confronting what experts describe as the most acute test of his leadership since taking office.

Fox News Digital’s Ashley Carnahan and The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Numerous women urged Attorney General Pam Bondi in a high-profile Super Bowl ad on Sunday to release more files from Jeffrey Epstein’s sex-trafficking cases, signaling their dissatisfaction with the Department of Justice’s efforts to comply with the Epstein Files Transparency Act.

Prominent Democrats, including Senate Minority Leader Chuck Schumer, D-N.Y., immediately elevated the ad, which came in the wake of the DOJ releasing more than 3 million pages of files and concluding its review.

Schumer shared a video of it on X, calling it ‘the most important ad’ of the day.

‘You don’t ‘move on’ from the largest sex trafficking ring in the world. You expose it. #StandWithSurvivors,’ Schumer wrote.

Rep. Robert Garcia, D-Calif., who has been leading Democrats’ inquiries into Epstein matters in the House, shared a similar message.

The women in the commercial conveyed their disapproval of the DOJ as the words ‘Tell Attorney General Pam Bondi it’s time for the truth’ flashed across the screen.

The commercial comes after the DOJ announced last month the release of more than 3 million pages from the case files. The department said it started with more than 6 million pages but withheld a major portion for a variety of reasons, including because the information could identify alleged victims or was protected by legal privileges.

The omitted files led top supporters of the Epstein legislation, including Epstein’s victims and Rep. Thomas Massie, R-Ky., to contend that the DOJ failed to comply with the transparency law.

The DOJ has disputed that claim, saying its review was ‘very comprehensive’ and that it did not hide any information for the purpose of protecting President Donald Trump or other wealthy and politically connected people, including former President Bill Clinton, who were once friends with Epstein but were never accused of crimes associated with him.

Massie is among lawmakers who said they planned to visit the DOJ on Monday to review undisclosed files.

The Super Bowl commercial was created by World Without Exploitation, a project of the Tides Center, a progressive nonprofit.

It flashed images of several women holding photos of their younger selves and images of redaction marks, a nod to frustrations surrounding the DOJ heavily redacting some files while neglecting to redact names in others.

‘After years of being kept apart, we’re standing together,’ one of the women says. ‘Because this girl deserves the truth.’

The department said it has moved swiftly to correct any redaction mistakes that have been brought to its attention.

The DOJ did not respond to a request for comment on the commercial.

This post appeared first on FOX NEWS

Senate Judiciary Committee Chairman Chuck Grassley and Sen. Amy Klobuchar introduced a bipartisan measure to crack down on money laundering by increasing penalties and ensuring laws apply to systems used by drug traffickers and terrorists.

Grassley, R-Iowa, and Klobuchar, D-Minn., introduced the ‘Combating Money Laundering, Terrorist Finance and Counterfeiting Act’ Friday to enhance criminal money laundering statutes.

The bill would update counterfeiting laws to prohibit state-of-the-art counterfeiting methods and increase penalties for bulk cash smuggling.

The bill would also ensure money laundering laws apply to informal value transfer systems that are often used by drug traffickers and terrorists.

The introduction of the bill comes as Trump administration officials warn that hostile actors, like cartels and terrorists, are funding operations through complex financial channels across the U.S. border. 

Grassley and Klobuchar also said the bill would prohibit the cross-border shipment of blank checks for the purpose of evading reporting requirements.

‘Criminal enterprises and terrorist organizations depend on ill-begotten cash to carry out their dark deeds. As money laundering methods have evolved over time, so must the government’s efforts to exact justice,’ Grassley said, adding that their bill would ensure law enforcement ‘has the tools they need to track down dirty money, hold criminals accountable and prevent further crimes.’

Klobuchar added that as criminals and terrorist organizations ‘develop new methods to launder money, we must provide our law enforcement with the tools they need to keep American communities safe.’

‘This bipartisan legislation makes necessary updates to anti-money laundering statutes and counterfeiting laws, ensuring the law enforcement community can stay one step ahead of those working to undermine our nation’s safety and security,’ she said.

The bill also would establish a new money laundering violation that would prohibit the transfer of funds into or out of the United States — funds specifically being transferred with the intent to violate U.S. income tax laws.

The bill would also prohibit conspiracies to create illegal money services businesses; grant wiretapping authority to investigate currency reporting, bulk cash smuggling, illegal money services businesses and counterfeiting offenses; and grant the U.S. Secret Service the explicit authority to investigate ransomware crimes and other uses of unlicensed money transmitting; and would ensure compliance with financial institutions. 

The measure has wide support in the law enforcement community and has been endorsed by the Fraternal Order of Police, the National Association of Assistant U.S. Attorneys, the National Association of Police Organizations and the National District Attorneys Association.

‘By clarifying the law in response to recent court decisions, strengthening penalties and expanding investigative authorities, this legislation will restore critical law enforcement tools and help disrupt transnational criminal organizations,’ Patrick Yoes, president of the Fraternal Order of Police said, adding that the organization ‘strongly supports this bill, which would prevent criminals and terrorists from profiting from their crimes and protect public safety and national security.’

The National Association of Assistant U.S. Attorneys also endorsed the bill saying the ‘targeted reforms will strengthen investigations, improve prosecutorial clarity and better reflect how modern money-laundering schemes actually operate.’

This post appeared first on FOX NEWS

Sen. Bill Hagerty, R-Tenn., filed a formal complaint against Verizon on Monday after the carrier handed over his phone data to the Biden-era Department of Justice during its probe of President Donald Trump and the 2020 election – a move Republicans say violated the Constitution.

Lawyers for Hagerty wrote in the complaint to the Federal Communications Commission, reviewed by Fox News Digital, that Verizon should publicly admit wrongdoing and discipline employees who were involved in complying with a subpoena for his phone data. Otherwise, the FCC should declare that Verizon violated federal law and assign an independent monitor to watch over the company, Hagerty’s lawyers wrote.

‘Such discipline by the FCC would send a clear message that companies cannot collude with politically motivated prosecutors to violate customers’ rights,’ Hagerty’s lawyers wrote. ‘Verizon is not above the law.’

The Tennessee Republican’s complaint detailed how Verizon complied with former special counsel Jack Smith’s team by giving the prosecutors a narrow set of Hagerty’s and several other GOP senators’ phone data as part of Smith’s investigation into President Donald Trump and the 2020 election.

Verizon justified its actions in a letter to the Senate in the fall, saying the subpoenas appeared ‘facially valid’ and only contained phone numbers. They did not identify the subscribers or include information about Smith’s investigation, Verizon said.

The phone company said it did not notify the senators about the subpoenas because they were accompanied by court-authorized gag orders.

Fox News Digital reached out to a Verizon spokesperson for comment on the FCC complaint.

Republicans have widely condemned the subpoenas, saying they violated the Constitution’s speech or debate clause, which gives Congress members an added layer of protection when it comes to prosecutorial matters.

Smith has repeatedly stood by them, saying he handled them according to DOJ policy at the time. The policy in question has since been changed to require prosecutors to notify the courts if requested gag orders pertain to Congress members. Previously, it did not include that requirement, leading the courts to authorize gag orders against the senators and deprive them of the ability to try to quash the subpoenas.

Hagerty’s FCC complaint is the latest instance of a senator seeking recourse for the subpoenas. Sen. Lindsey Graham, R-S.C., who was also targeted in Smith’s probe, supported a controversial provision in the government spending bill last year that gave senators the ability to bring $500,000 civil lawsuits against the DOJ.

The provision caused significant infighting because of the perception that it would allow senators to enrich themselves, and the House later voted 426-0 to repeal it.

Hagerty’s complaint comes one day before Sen. Marsha Blackburn, R-Tenn., another of Smith’s targets, holds a Senate hearing called ‘Arctic Frost Accountability.’ Witnesses set to testify include executives of Verizon and AT&T.

This post appeared first on FOX NEWS

The House of Representatives’ top Democrat claimed Republicans’ election security bill was tantamount to ‘voter suppression’ on Monday.

House Majority Leader Hakeem Jeffries, D-N.Y., criticized the House GOP-led SAVE America Act during his weekly press conference ahead of an expected vote on the bill coming as early as Wednesday.

‘Republicans have adopted voter suppression as an electoral strategy. That’s what the so-called SAVE Act is all about,’ Jeffries said.

He said the bill getting a vote this week is ‘worse than’ a previous iteration simply called the Safeguarding American Voter Eligibility (SAVE) Act, which passed the House in April 2025 with support from all Republicans and four Democrats.

The main thrust of the SAVE Act was implementing a new proof of citizenship requirement in the voter registration process in all 50 states.

The new bill, led by Rep. Chip Roy, R-Texas, and Sen. Mike Lee, R-Utah, would also create a federal voter ID standard at the polls, requiring people to show a form of identification when casting a ballot in national elections.

Jeffries also pointed to a provision that would require information-sharing between state election officials and federal authorities in verifying citizenship on current voter rolls, accusing Republicans of trying to give Americans’ data to Immigration and Customs Enforcement (ICE).

‘This version, as I understand it, will actually give [the Department of Homeland Security] the power to get voting records from states across the country. Why would these extremists think that’s a good idea?’ Jeffries said.

‘Who’d want DHS and ICE, who have been brutally, viciously and violently targeting everyday Americans, to have more data about the American people? It’s outrageous. Something is really wrong with these folks. I think they’re trying to lose elections at this point.’

There is no validated evidence to date that non-citizen voting has swayed the results of any federal election.

But Republicans have argued that the influx of illegal immigrants under the Biden administration has made the problem a real possibility in coming elections.

Nevertheless, voter ID provisions have proven popular in multiple public surveys.

A Pew Research Center poll released in August 2025 showed a whopping 83% of people supported government-issued photo ID requirements for showing up to vote, compared to just 16% of people who disapproved of it.

Jeffries also said the bill would die in the Senate, where at least some Democrats are needed under current rules to overcome a filibuster and advance the legislation.

‘It’s not going to pass. If it squeaks by the House, it’s dead on arrival in the Senate. They’re wasting time,’ he said.

The real possibility of the bill failing in the Senate is why a group of House conservatives are pushing for Senate Majority Leader John Thune, R-S.D., to upend the chamber’s rules on the filibuster to get rid of the 60-vote threshold needed to overcome one. Thune has not committed to any route.

This post appeared first on FOX NEWS

Investor Insight

Kinetiko Energy is advancing a large-scale, shallow onshore gas project in South Africa, targeting near-term CNG/LNG production to strategically supply a domestic market facing a critical energy shortfall. The company’s growth strategy is supported by reported significant contingent resources, pilot project gas reserves, strong gas flow results and a JV funded development pathway.

[The company’s corporate video can be viewed on its website at www.kinetiko.com.au]

Overview

Kinetiko Energy (ASX:KKO) is an onshore gas exploration and development company focused on commercialising shallow conventional gas resources in South Africa’s Mpumalanga Province. The company’s exploration rights are located near ageing coal-fired power stations and established energy infrastructure, positioning Kinetiko to supply gas into a domestic market experiencing chronic power shortages and seeking cleaner, reliable alternatives to coal-based power generation.

Location of the company’s exploration rights adjacent to energy infrastructure

The company has achieved maiden gas reserves with positive economics and has reported 6 Tcf of 2C contingent resources, establishing a substantial onshore gas project with significant scale potential. Kinetiko is progressing a staged development strategy through Project Alpha, supported by a binding Joint Development Agreement with FFS Refiners. Management brings a combination of deep local operating experience, capital markets expertise and decades of energy and infrastructure experience, underpinning Kinetiko’s transition from explorer to gas producer.

Milestones and Growth

100 % EXPLORATION SUCCESS

All 50 wells have successfully encountered gas with large, shallow pay zones, suggesting uniform geology throughout entire tenement package

RESOURCE & RESERVE

Reserve totals 6.4 BCF (2P) assessed over Brakfontein pilot confirms positive economics. Reserve calculated over only 0.2 percent of granted tenements (Sproule B.V. certified)

RESOURCE GROWTH

Anticipated to increase following flow testing program and grant of ER383 (2,383 sq km), increasing project life and value. Further drilling is expected to upgrade 5.8 TCF 2U Prospective Resource into 2C Resource

MULTI-SITE DEVELOPMENT POTENTIAL

Large tenement holding overlapping key energy infrastructure, allowing multiple gas field developments for multiple public and private customers which improves investor returns/value

DEVELOPMENT PARTNERSHIPS

Agreements in place with the Industrial Development Corporation of South Africa and FFS Refiners to co-fund and develop pilot plant and scale to full commercial production.

Company Highlights

  • Advancing a world-class onshore gas project with 6 trillion cubic feet (Tcf) of 2C contingent resources and maiden gas reserves with positive economics
  • Strong extended flow test results from production test wells at Brakfontein, with methane purity exceeding 98.5 percent
  • Additional exploration acreage to grow current contingent resources and reserves
  • Binding Joint Development Agreement with FFS Refiners to co-develop a staged LNG project, starting with a 5,000-tonne-per-annum (tpa) pilot plant
  • Located in South Africa’s primary power-producing region, close to existing infrastructure and major demand centres
  • Clear pathway from exploration to production, supported by recent funding, reserve certification work and production right applications

Key Project

Brakfontein Gas Project

The Brakfontein gas project is Kinetiko Energy’s most developed gas field in South Africa. Located in Mpumalanga Province, Brakfontein comprises a cluster of seven shallow conventional gas wells positioned near existing energy infrastructure and major centres of power demand.

Recent extended flow testing at Brakfontein has delivered strong results from two production test wells, 271-KA03PT06 and 271-KA03PT10, which together produced nearly 8 million cubic feet of gas during sustained testing. Well 271-KA03PT06 produced 4,432 Mscf over 27 days at an average rate of 164 Mscfd, while 271-KA03PT10 produced 3,522 Mscf over 40 days at an average rate of 91 Mscfd. Gas produced from both wells recorded methane purity exceeding 98.5 percent, supporting the project’s commercial development potential.

Development of Brakfontein is being advanced under Project Alpha, a staged framework established through a binding Joint Development Agreement (JDA) with FFS Refiners a leading South African hydrocarbon solutions provider. Phase 1a focuses on gas field development activities, including the co-funded drilling of additional production wells, upgrades to existing wells, further gas testing, appointment of a competent person for certification of gas reserves, preparation of an LNG business case and submission of a production right application. Kinetiko is the operator for this phase.

Subject to Phase 1a outcomes, Phase 1b is designed to take into production a 5,000 tpa micro-LNG pilot plant, situated at the Brakfontein gas field. The pilot plant would be developed through a 50/50 special purpose vehicle between Kinetiko and FFS Refiners, with responsibility for LNG production, marketing and distribution.

Beyond the pilot phase, Project Alpha provides a structured pathway for scaling LNG production from the same Brakfontein asset. Phase 2 contemplates expanding liquefaction capacity to approximately 25,000 tpa, while Phase 3 envisages further expansion across additional Kinetiko tenement areas, with potential LNG capacity increasing up to 125,000 tpa, subject to technical, regulatory and commercial outcomes.

Management Team

Adam Sierakowski – Executive Chairman

Adam Sierakowski is a corporate lawyer and founding director of the legal firm Palisade Corporate. He is the managing director and founder of Trident Capital, where, for over 20 years he has used his vast corporate legal experience consulting and advising on a range of transactions to a variety of large private and listed public entities. He has advised and guided many companies undertaking IPO, RTO, fundraising and M&A activities in Australia and overseas.

Sierakowski was the inaugural non-executive chairman of the Company from 2010 and became executive chairman in January 2021. He also holds director positions in several ASX listed companies.

Rob Bulder – Interim CEO; Non-executive Director

Rob Bulder is a qualified chartered accountant with over 30 years of commercial experience. Bulder has held numerous senior management and executive board positions in the manufacturing, financial services, IT, airline and gas industries, overseeing multi billion Rand budgets. These positions included that of Group Financial Director of Paragon Business Communications Ltd, a company listed on the Johannesburg Stock Exchange, as well as the position of (acting) Executive Vice-President of South African Airways SOE and CEO of South African Airways Technical Division (Pty) Ltd, a multi-billion Rand division of SAA Ltd and that of the Vice President of Business Development for SAA LtRob is a qualified

Don Ncube – Non-executive Director

Donald Ncube has a master’s degree in Manpower Studies from the University of Manchester.

Ncube is recognised and respected as one of the reputable pioneers of Black Economic Empowerment. He is the founder and former chairman and chief executive officer of Real Africa Holdings (Pty) Ltd, a listed company on the JSE.

Ncube carved his professional career in the mining industry. He worked for the Anglo-American Corporation for 22 consecutive years and was the first South African black to sit on the Board of Anglo-American Corporation. Ncube has a performance track record as Chairman of successful corporations such as Sun International, Oceana Fishing Group, South African Airways and Atomic Energy Corporation.

Don Ncube, together with Brian Hughes (Reservoir Engineer) and Paul Tromp Petroleum Geologist) founded Badimo Gas (Pty) Ltd, which applied and obtained gas exploration rights from the Department of Mineral Resources and Energy in South Africa. Ncube is the executive chairman of Afro Energy (Pty) Ltd, which currently holds the exploration rights and is 100 percent owned by Kinetiko Energy.

Mxolisi Donald Mbuyisa Mgojo – Non-executive Director

Mxolisi Mgojo has been in the mining industry since 2001. Prior to that, his career includes 10 years as a software engineer and 8 years in the finance industry, including Societé Generale Investment Banking.

Mgojo worked for Exxaro Resources since its inception in 2006, heading the Base Metals and Industrial Minerals business before being appointed as the executive head of coal in August 2008. In May 2015, Mgojo was appointed as CEO Designate and took over the reins from Sipho Nkosi as chief executive officer on 1 April 2016, a position he held until his retirement in July 2022.

Mgojo was the President of the Minerals Council South Africa from 24 May 2017 until 26 May 2021 and has been serving on the Board of the Minerals Council since 2015 and the Collieries Committee of the Council before becoming a board member. Mxolisi joined the Business Leadership South Africa board on 1 April 2020 and resigned on 1 July 2022. On 26 January 2024 Mxolisi was appointed President of Business Unity South Africa. From November 2024 to November 2025, he is serving as the B20 South Africa Co-Chair.

On 27 May 2017, Mgojo received the Paul Harris Award from the Hatfield Branch of the Rotary Foundation. In November 2019, he was named a finalist in the Master Category of the 2019 Ernst & Young World Entrepreneur of the Year Awards for Southern Africa. On 3 June 2022, Mgojo was awarded the All Africa Business Leaders Award, 2022 Business Leader of the Year, honouring his four-decade-long multi-continental career in business that has seen him work as a software engineer, a banker, and for the last 21 years, in the resources area. On 4 October 2022, Mgojo was inaugurated into the SA Mining Hall of Fame at the Joburg Indaba for his exceptional leadership in the South African Mining Industry

Robert Scharnell – Non-executive Director

Robert Scharnell is an experienced international business executive with over 30 years of demonstrated achievement at Chevron Corporation in establishing and implementing business strategy. He has conducted business in over 20 countries and under complex situations, for large values including negotiating multi-lingual agreements, sales/purchase transactions, and settling claims and disputes on the scale of over $1 billion in value.

His breadth of experience extends beyond the core energy business, with a career highlight in managing the creation and implementation of an award-winning economic development and social impact project in Africa. This project transformed Chevron’s approach to improving lives within the communities in which it operates.

Paul Doropoulos – Chief Financial Officer

Paul Doropoulos has approximately 25 years of combined experience in an executive consultant capacity to ASX-listed companies in the energy, minerals, mining services and media sectors. Time during this period was spent as both an executive and non-executive director of ASX companies. Further, v has extensive experience in the hospitality and associated industries. Doropoulos was directly involved in the successful ASX listings of Kinetiko Energy Limited in 2011. In addition,

Doropoulos holds a Bachelor of Business Degree with a Finance Maths minor

Richard Wolanski – Corporate Finance

Richard Wolanski, B.Com, ACA, is a Chartered Accountant with qualifications that include a Bachelor of Commerce from the University of Western Australia. Wolanski has over 30 years professional experience in the finance and mining industries at an international level. He has provided corporate, strategic and financial advisory assistance to public companies in Australia, Singapore and the United Kingdom.

Hendrik Burger Jr – Operations Manager

Hendrik Burger, or “Junior”, as he is known to our team, has been with Kinetiko from the start of test well operations in 2012. He has maintained continuity for the project with the local communities and, since 2012, has resided in Amersfoort, the hub of the project.

Burger is the site foreman and is responsible for the day-to-day maintenance and operations of our total project in the field. From equipment fabrication to farmer relations, Burger is our man on the ground. He is a trusted and reliable member of Kinetiko’s South African team. He has also been part of the well testing team since 2012. Junior never says he can’t do something, no matter how difficult, he finds a way. He is the best-known face of Kinetiko in the field, and sensitive to the Afrikaans and African cultures, which are so important on the ground in South Africa.

His technical skills include: Heavy equipment manufacturing, mechanical, electrical, hydraulics, welding (CO2, stick welding, TIG welding), plasma cutting, cutting & grinding, HDPE welding, TLB operation, borehole cementation, heavy-duty driver’s license, PDP license, advanced drone photography, fluent in Afrikaans and English, conversational Zulu.

Field experience includes oilfield chemicals, casing and full cementation solutions, core and well drilling, well testing as well as responsibility for our operational SHEQ obligations.

.

Simon Whybrow – Company Secretary

Simon Whybrow is a highly driven and dedicated professional with a wealth of experience as a CFO, company secretary, and commercial manager. His key strengths lie in financial administration and control, boardroom practices, corporate and business strategy, process improvement, and general management. Whybrow also specialises in overseeing financial operations and ensuring effective administrative processes. His expertise extends to implementing sound corporate governance practices and contributing to strategic decision-making.

This post appeared first on investingnews.com

The collapse of merger talks between Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) has ended what would have been the mining industry’s largest-ever deal.

The two companies confirmed last week that discussions over a potential US$260 billion combination have been abandoned after they failed to agree on terms that would deliver shareholder value. The deal, revived late last year, would have created the world’s largest diversified miner with dominant positions in copper, iron ore, lithium and cobalt.

Rio Tinto said it is no longer considering a merger or other business combination with Glencore after determining it could not reach an agreement that meets its shareholder objectives.

Glencore, for its part, said the proposed terms significantly undervalued its contribution to a combined group, particularly its copper portfolio and growth pipeline. Shares of Glencore fell sharply following the announcement, briefly dropping more than 10 percent in London trading, while Rio Tinto shares also declined.

Under UK takeover rules, Rio Tinto is now barred from making another approach for six months unless granted special permission. The breakdown marks at least the third failed attempt to combine the two mining giants over the past two decades — talks were previously explored in 2008 and again in 2014, with another round briefly surfacing in 2024.

This latest effort gained momentum amid a broader wave of consolidation driven by long-term expectations of copper shortages tied to electrification, artificial intelligence infrastructure and energy transition spending.

A combined Rio Tinto-Glencore would have reshaped the global mining landscape, pairing Rio Tinto’s operational scale and project development expertise with Glencore’s trading arm and exposure to copper and cobalt.

Despite the failed mega-merger, dealmaking across the mining sector has continued at pace in early 2026, reflecting sustained pressure on producers to replenish reserves and secure long-life assets.

In January, Zijin Gold International (HKEX:2259,OTCPL:ZJNGF) agreed to acquire Allied Gold (TSX:AAUC,NYSE:AAUC) in an all-cash transaction valued at roughly US$4 billion. The deal gives Zijin expanded exposure to gold assets in Ethiopia, Mali and Côte d’Ivoire, fitting its strategy of international expansion through large-scale, long-life projects.

Elsewhere, Eldorado Gold (TSX:ELD,NYSE:EGO) and Foran Mining (TSX:FOM,OTCQX:FMCXF) agreed to combine in a share-based transaction that will create a larger gold and copper producer with two development projects scheduled to enter production in 2026. The deal brings together Eldorado’s Skouries project in Greece and Foran’s McIlvenna Bay project in Saskatchewan, with the combined group targeting output of roughly 900,000 gold equivalent ounces by 2027.

Glencore itself has remained active on the divestment side.

In Australia, Austral Resources Australia (ASX:AR1) agreed to acquire the Lady Loretta copper mine from Glencore, marking another step in the Swiss-based miner’s ongoing portfolio optimization. The transaction includes a royalty structure and allows Glencore to retain some upside exposure while exiting a non-core asset.

Rare earths have also featured prominently in this year’s deal flow. Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) moved to acquire Australian Strategic Materials (ASX:ASM,OTCPL:ASMMF), a transaction aimed at creating a vertically integrated rare earths producer spanning mining, processing and alloy production.

The deal includes Australian Strategic’s Dubbo project in Australia and its Korean metals plant.

Analysts say the failure of the Rio Tinto-Glencore talks does little to dampen the broader consolidation narrative. Copper remains a central focus among producers as long-term supply deficits are widely forecast despite recent price volatility.

Lithium, rare earths and other critical minerals are also attracting sustained interest as governments and manufacturers seek to secure non-Chinese supply chains.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com